This post looks at how to pay off your mortgage faster. One of the biggest milestones on the road to financial freedom is owning your own home. Yet for most people, the reality is that being mortgage-free is some far off dream in a distant future. In this post, I want to look … [Read more...] about Pay Off Your Mortgage Faster
Where It All Began: My Interest in Saving, Investing and Growing my Wealth
My first foray into investing began when I was 19 years old. I went into my bank and was sold a global science and technology fund…the year was 1998. I remember receiving quarterly statements and being totally blown away by my returns. In one quarter the fund was up 70 percent! … [Read more...] about Where It All Began: My Interest in Saving, Investing and Growing my Wealth
May 2014 Net Worth Update: $611,985.31
Here is my May 2014 net worth update. I like to track my family’s progress through monthly net worth updates. To calculate our net worth, I add up all of our household assets and subtract any outstanding liabilities (ie. debt owing). The result is simply a snapshot of what my … [Read more...] about May 2014 Net Worth Update: $611,985.31
How To Set Up a Dividend Reinvestment Plan (DRiP)
In my previous posts, I wrote about the two types of dividend reinvestment plans (DRIP), explored their features and looked at their advantages and disadvantages. In this post, I want to look at how one goes about setting up a DRIP. To set up a synthetic DRIP is actually quite … [Read more...] about How To Set Up a Dividend Reinvestment Plan (DRiP)
Dividend Reinvestment Plans (DRIPs): Their Advantages and Disadvantages
In this second post in my series on Dividend Reinvestment Plans (DRIPs), we look at their advantages and disadvantages? The primary advantage of participating in a DRIP of any kind is that it allows an investor to take advantage of compounding by regularly reinvesting dividend … [Read more...] about Dividend Reinvestment Plans (DRIPs): Their Advantages and Disadvantages