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My Networth: August 2009

By Ryan A. Smith

Am I excited to calculate my networth again, since last month’s financial statement? No! I don’t think it will get better. As you can see, my income tax and CPP tax combined are already $52,000 as of today (not even counting the income for Sept to Dec). Is this normal??? [Compare to... »

My Networth: July 2009

By Ryan A. Smith

I got my cheque for July. After finishing my accounting, the result does NOT look very good. Overall Assets: +11% (down from +21% ) Liabilities: +2% (up from -1% ) Equity: +19% (down from +55% ) Being single is so hard. Aside from loneliness, it takes too long to build weath... »

My Networth: June 2009

By Ryan A. Smith

I just got my cheque today. Let’s see what’s been changed during the month June. Overall Assets: +21% Liabilities: -1% Equity: +55% In terms of assets, I’ve contributed my maximum RRSP limit for year 2009 which is $21,000. As such, I put the remaining money in high interest savings accounts. I don’t have any plan yet to... »

A Simple Debt Management Strategy

By Ryan A. Smith

I discover this Debt Management video while browsing internet. In my opinion, the advice presented in the video is pretty simple and yet is probably very HARD to do for many people. It will definitely requires some sort of self-discipline or at least delayed timing for purchases. However, if you’re a proactive person, you’ll... »

Freecycle – A Saving Strategy

By Ryan A. Smith

What’s the Freecycle Network? The Freecycle Network – www.freecycle.org – is an online community where members give out items for free in a hope somebody else will be able to use or recycle the items. It’s absolutely free to join. First of all, you have to find out if there is local freecycle group in... »

Best Times to Buy

By Ryan A. Smith

This article contains a brief summary for best times to buy in North America: airplane tickets appliances gold cars gym membership electronics oil real estate designer clothing& jewelry furniture USD currency   Airplane Tickets Best Time to Buy: At Least 14 Days Before Departure Two week ahead of departure is the minimum to seize a good deal. However, even with this time frame, the quantitiy of low-priced tickets... »

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Canadian High Interest Rate Savings Accounts

By Ryan A. Smith

Each month I put away all my remaining money into some kinds of savings accounts until I need to use it. Instead of locking... »

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