My Thoughts from the Previous Week
- Back Up Your Computer Protect your finances & resources by creating a thorough long-term backup plan.
- Parable: Money and the McDonald’s Play Structure What does the McDonald’s Playland have to do with Financial Planning and money? As with most parables, you have to listen closely.
- Happy Thanksgiving Canada Happy Thanksgiving to you all. Thanksgiving is a time to reflect and to plan for the coming Winter and Advent.
- Jobs, Employment, Thanksgiving and Friday Random Thoughts Thanksgiving in Canada Just remember that the financial markets are closed on Monday but not in the U.S., if you have anything you need done, better get it done today folks.
250K!
“I want to be clear that I’m not talking about my net worth, but rather the current odometer reading (in kilometers) on my 13-year-old Honda Accord. The previous owner admitted that there was a 50K KM period when the odometer and speedometer didn’t work, but that’s not my problem. I’m definitely buying a used Corolla to replace it in the next month or two, as I’m not taking any chances with my old car in another Ottawa winter (and my mechanic agrees). Despite its age, I still have a soft spot for my old car. By the way, I bought it for $2500 four years ago, and I definitely got my money’s worth out of it.”
Did I mention where the money is in lotteries Late?
I have said time and time again there are 3 groups that make money on lotteries and they are:
- The Lottery and Gaming commission (90%)
- The people who sell the tickets (9%)
- People who buy tickets (>1%)
It seems the (2) people want to make more money, and this clerk claims that God helps him win at the Lottery, however the lottery commizars will be calling All Mighty in for a talk about whether this clerk is having an unfair advantage.
Furnace Repair
Another important thing to remember in the fall. Do you want to rely on calling “some guy” at 2:00 AM when your furnace breaks down on the coldest night of the year (to quote Bruce Cockburn)? Not that it has happened to me, but it has!
138,000 is the number
It’s been reported that more cars are being purchased in the U.S. and brought back to Canada compared to last year. Despite this, the Canadian auto industry claims they offer competitive prices for cars.
Nowhere near able to retire
Larry MacDonald is writing about some of the younger financial bloggers and their ability to reach their goals (I am green with envy that they are where they are, and they have the guts to publish their financial status, I don’t think there is enough red ink to do that for me).
With the Canadian Dollar now well above the American Dollar, what does this mean? I will be doing a survey on this soon, so if you have any opinions, please pass them on.
