Today, it is time to wrap up my review of “The Richest Man in Babylon” (Amazon affiliate link to the revised edition). Previously, I talked about getting started on the path to wealth, and seven wealth building strategies which will help you out on that path. The lessons taught in these posts are expounded in… [Read More]
Have a Lump Sum? Should You Pay Off the Mortgage Faster or Invest It Instead?
I have recently been considering buying a property (yes, even with the still-high real estate prices up north) since I have been renting for many years now and our rent is quite expensive, and no need to risk losing money and having to borrow or get online payday loans. We have managed to save enough… [Read More]
Gold as an Investment: Performance over Time
Last week, I introduced gold and talked about the allure of this precious metal. Due to gold’s spectacular rise in recent years, interest in the yellow metal has been increasing. Ever since the 2008 financial crisis and the subsequent efforts of governments to stimulate their economies, people have been increasingly taking a hard look at… [Read More]
Interest Rate Mania: Where is the Housing Market Going?
Lately, there’s been increasing interest on where interest rates are going (no pun intended), especially as the housing market in Canada has been running hot, with many projects available and many renters looking to buy. Until recently, the ongoing consensus was that the recovery was still fragile, inflation was somewhere far in the future, and… [Read More]
Expected Value
I was first introduced to the game of poker three to four years ago, when I played a friendly game with my girlfriend’s family. It was the first time I had ever played, so I was pretty lost. I played again with some friends a short while later, and there was one guy there who… [Read More]