One reason I’ve stayed out of real estate for a long time is because I keep thinking it’s overvalued. But, take a look at how much real estate is part of our GDP in Canada. Source: Statista. It’s a huge portion. It’s the biggest portion of our GDP. Manipulation by Groups of People And then […]
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A Mortgage Broker Fintech Company
About Mogo Mogo is a Canadian fintech company based out of BC. They offer loans, free credit score monitoring, mortgages, the ability to buy and sell bitcoin, and they have the best bitcoin rewards credit card in Canada. Update 2022-06-08 – They used to. But, now it’s negligible. And I really mean negligible. You get […]
How to Live Financially Free
Living mortgage free is only one step to living financially free or secure. You need to develop a strategy if you want to be financially free. The ultimate strategy is earn more income. Sure, you can cut expenses, but, unless you’re making a lot to begin with, you still want to earn more income if […]
Is Living Mortgage Free, Financial Freedom?
Is paying off your mortgage and living mortgage free really like having financial freedom? When you have a mortgage, it may seem like it would be. When you finally pay off your mortgage, you realize it’s not yet quite financial freedom. But, you’re getting there! Related: How to Pay Off Your Mortgage Faster I’m mortgage […]
How to Calculate the Land Transfer Tax in Ontario
Every province and territory in Canada has some tax or fee whenever you purchase a home. You should take this into account with respect to your expenses. Your realtor fees and this land transfer tax are the two biggest expenses after the cost of your home. Mortgage insurance only applies if you’re required to take […]
When to Pay Off Debt – Kevin O’Leary
For me, Kevin O’Leary, made Dragon’s Den. Without him, it would have lost it’s excitement. Unfortunately, he left to head over to Shark Tank. Recently, I saw a video of him talking about debt. Here is his quick take on debt and when to pay it off, and what to do afterwards. What do you […]
The Complete Guide to Credit Scores in Canada
What is a Credit Score? Your credit score is a rating assigned to you by the credit bureaus. The rating is between 300 and 900, where 900 is the best you can get and 300 is where you start off. This rating is one factor, albeit a major factor, used to determine whether you can […]
The Best Way to Save Money and Grow Your Wealth
I’ve read many articles about saving money. Some people have some rules, hacks, tips, or whatever you want to call them. But, really, it’s as simple as losing weight: Burn more calories than you take in. It’s as simple as making money in stocks: Buy low, sell high. Okay, I’m being a bit facetious. We […]