Hit The Ground Running Financially

Happy New Year - Hit The Ground Running

1/1/2015

Happy New Year and all the best in health, wealth and happiness for 2015 and on to all that visit and drop a candid line or two.

Things to do to kick off 2015 en route to financial savvy and a kick-ass semi-retirement:

Max that $5500 per year TFSA contribution for yourself and your spouse
Drop $2500 into your child's RESP and get $500 free from the Government right away. Where else can you make an immediate 20% gain for just filling out some paperwork completely risk-free?
Make this year the time your revenues (income) far exceed your expenditures and consider yourself a business. Make a profit (savings) every month. Start thinking this way and you will be a Jedi Master in no time and people will beg you to teach them this incredibly tough thought process (not!).

And for goodness sakes, stop putting your money in GIC's - grow a set already and learn about the markets and a portfolio of assets. Not just real estate and bank deposits.

Dirty Foreign Debtor

1/2/2015 09:23:56 pm

Dirty Debtor reporting, live from the land of smiles

Lots of traveling folks on this side paying close attention to #3 of your list. Most of the world is out there trying to be next level rachinski.

If you want the river to flow, sometimes you gotta make it rain. Learned that by experience in Bangkok - got friendly with the girl running the hostel, gave her a quick helping hand with a malfunctioning door, and tipped her a cool 100B for doing a nice job on the room. Next thing you know when I come down with a nasty bug, she was taking full care of me, bringing me homemade food, and over the next day she nursed me right back to health.

It is wise to sometimes be a little loose, invest a little time and money into things with no guaranteed return. Overcome the rachinski instinct, and you may find yourself crystallizing some profits you never expected. Those who try to conservatively save every drop will never know the profits they are missing out on.

As for my new sweetheart, there may be further profits ahead, she suggested on my return to Bangkok I stay over at hers and enjoy a more local experience, rather than at the hostel with the rest of the traveling herd of sheep...

DD

1/10/2015 07:00:42 am

The sun is shinning,
The girls are dancing,
The booze is flowing,
And I feel GAY

DD

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Happy New Year - Hit The Ground Running

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