THINGS YOU WONT LEARN IN SCHOOL - Advice on Finance, Investments, Savings and Technology by Marin Anthony
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What is a TFSA and what should i do with it?

11/17/2014

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This is the Million (or Thousand) dollar question. And the question of a million or a thousand is entirely up to you.

For you Canadians out there old enough to buy a pack of Marlboro lights or Jack Daniels Old No. 7 listen up. If you haven’t heard of – or taught yourself about - a TFSA then you’re going to regret it within 3 years.

Furthermore, if you haven’t done anything about it in the next 10 years then kiss a beautiful, tax-free nest egg and a middle finger to the tax man away. 

The TFSA or the Tax Free Savings Account aka The Freeken Sweet Account is the single best instrument in the Great White North (and Wet West) to give you a chance to become wealthy. Sadly, many people will not use it. Others will try and fail to grasp the optimal uses of it.

There are two classes rapidly emerging this generation due, in part, to the tfsa: The Working Class and the Investing Class. You want to belong to the investing class so you can enjoy a glass of fine vino on a boat, looking at mountains and saying, "Ahhh, this is the life," in Spanish, French or even Bengalese.

Allow me to illustrate the TFSA, because they won’t teach you this properly in school.

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How To Make Money on Taxes - Give The G-Man a Red Card

11/10/2014

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A colleague approached me today when I was talking about the various forms of taxes on money that people make. He has a degree in economics, keep that in mind.

He said, “The government takes away a chunk of my paycheque in income tax. What BS. I work more overtime after cashing it out I’m left with a lot less than my regular paycheck.”

This dude is a prime example of trading time for income. More time = more income = more taxes = no thanks.

How do you stop working so hard and just make more money? The best way to do that is to tax advantage yourself. Hey, 99% of people aren’t doing it - come the way of the 1%!

My economics degree-wielding colleague had no idea that different flavours of pie had different slices to take home.

Why do high-level company executives like CEO’s make only a mid six-figure salary but receive bonuses in the form of stock options below market value?

Read on, young Jedi.


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    Marin Anthony

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