Is it possible to become a millionaire, on a teacher’s salary? Teacher and author Andrew Hallam seems to think so, and he shares his lessons in his upcoming book “Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School“. I have always enjoyed reading Andrew’s personal finance and investing advice on his [...]
Archive for the tag 'savings'
Filed under Growing Your Wealth,Investing
Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School
62 Comments Kevin on Jun 20th 2011
Filed under Growing Your Wealth,Opinion,Philosophy,Saving Your Money
Three Reasons Why I Squirrel Away My Money
A long time ago, far, far, away…. I began this blog by sharing lessons that I had learned from reading “The Richest Man in Babylon.” This book contains many simple, yet valuable nuggets of financial wisdom, such as the need to squirrel away at least 10% of one’s net worth. At this stage in my [...]
55 Comments Kevin on Jun 8th 2011
Filed under Growing Your Wealth,Healthy Living,Miscellaneous,Opinion,Philosophy
Future Imperfect: How to Prepare for an Uncertain Future
Sometimes I look back on the changes of the first half of the 20th century, and I try to put myself in the shoes of someone growing up in that time and imagine what it must have been like to experience life in that period. I think back to 100 years ago, which is really [...]
37 Comments Kevin on May 9th 2011
This week I celebrate freedom: 我考完试! I’ve finished my exams, and my evenings are wide open once again. I’m not completely satisfied, because I realized that I studied a bit too much of one area and not enough of another when doing the test, and our oral group completely got our asses kicked by the [...]
32 Comments Kevin on Dec 5th 2010
Filed under Growing Your Wealth
What Do You Need to Get out of the Rat Race and Achieve Financial Freedom?
What does it mean to get out of the rat race? To me, the phrase “getting out of the rat race” represents the desire and drive within most of us to live our passions and achieve our goals. If you are living the life of your dreams at a 9 to 5, then the rat [...]
106 Comments Kevin on Oct 5th 2010
Filed under Growing Your Wealth,Investing
Saving on Taxes and Growing Your Wealth with the Tax Free Savings Account (TFSA)
What is a TFSA? If you live in Canada and you have not started to contribute toward your TFSA, you should start thinking about doing so! What is a TFSA? A TFSA (Tax Free Savings Account) is a special type of investment account that allows your savings to grow tax-free. It is similar to the [...]
23 Comments Kevin on Sep 23rd 2010
Last week, I compared the benefits and drawbacks of growing an emergency fund versus paying down your mortgage faster. There was a lot of great discussion and commentary on that post; however, I feel that many might have gotten the impression that I was advocating a more aggressive position than I truly believe in. I’m [...]
51 Comments Kevin on Sep 15th 2010
Summer Heat Another week goes by, as I enjoy the last of the summer heat. Although I will miss the heat, I need my sleep! With a combination of a hot, stuffy apartment and ragweed allergies, I don’t think I’ve gotten more than about 4-5 hours of sleep a night. Posts of the week I [...]
22 Comments Kevin on Sep 3rd 2010
