Don’t wait for someone else to give you the life you want. They aren’t coming. The only thing that will help you get the life you want are your skills. How you acquire, develop, and deploy those skills will influence your success. A common mistake is confusing skills with education. But they are two very…
HELOC Investing Update – March 2024
I first wrote about using my HELOC to invest in the post, How to Invest Your House in the Stock Market. A Home Equity Line of Credit (HELOC) is money you can use from equity built up in your home. Overtime, as you make mortgage payments, your equity in your home increases. In the summer…
Stay Away From The TSX Venture Exchange
If you live in Canada, you are likely investing in one of two stock exchanges; the Toronto Stock Exchange(TSX) and the TSX Venture. The TSX is the big one. On the TSX, you can choose from over 1800 stocks and index funds from a variety issuers. The TSX is the exchange where you should be…
A Quick Guide to Breaking Even
I just need to get back to even. You hear this saying all the time in the world of casino gambling. If you lose a $10 bet at the black jack table, then you need to bet another $10 to get it back. But the more bets you lose, the harder it is to get…
When You are a Great Saver but a Horrible Investor
I recently arrived at a difficult conclusion: I’m a bad investor. To be more specific: I’m a horrible stock picker. It’s taken me 7 years to come to this realization and I now feel at peace with my place in the investing world. I first started investing with a financial advisor into high fee mutual…
The Grocery Store Challenge for Kids
We protect our kids way too much! It’s safer to keep them at home and let them play on an iPad or watch 4 hours of Netflix. Some might even do both at the same time. Going to the park or going for a bike ride is simply too dangerous. We are bombarded by scary…
How to Invest Your House in the Stock Market
For many people, the majority of their assets are locked into their family home. This follows the traditional advice many of us have received over our lives. It’s better to own than rent. One day you’ll pay off that mortgage and you’ll be free. Below is an image of the traditional mortgage path. The red…