TFSA Two Step
At RRSP time what do you do with the tax money you save? Maybe time to do the TFSA two step and put the tax money in your TFSA
Moribund Job Growth in July 2014 in Canada
Lost full-time jobs in Canada replace by part-time ones? Unions should take part in the discussion during the next Federal Election. Unemployment Stats Canada, July 2014
WW1 Centenery, More Hacked Passwords and #theBestFin4TheWeek
It is 100 years since the “War to end all Wars” started, and I continue to learn more about this period in history. I had not realized the number of men (and women) that died in the war, and didn’t really comprehend the horrendous conditions that the soldiers (on all sides) fought under. I seem to know a great deal more about the 2nd World War, however, I am embarrassed about how little I know about a war that devastated an entire generation (over 16 million soldiers and civilians died). The fact that 21 years after it, another “War to End All Wars” erupted only strengthens my view that humans are a dumb species (myself included).
Evidently, the Russian Mob (or Russian hackers) most likely now have one of your e-mail passwords, it might be time to think up a new one, and maybe a heuristic to change your password more than once every time someone hacks the entire web.
Ebola continues to be in the news. I am not sure if I am in full panic about it yet, but I do wonder if this is worse than we are being told, and things are starting to get a little out of control. The fact that a major US City (Toledo) had a toxic water supply, is another interesting environmental episode this week as well. Wonder if this is Mother Nature finally saying, “You know Homo Sapiens, you have been around long enough”?
My Writings for Week Ending August 8th
It was a shorter week this week, in Ontario we celebrated the Anonymous Long Weekend, next long weekend has a name at least (i.e. Labour Day).
- The Long Weekend with no Name, Defaults, and #BestFinancialForTheWeek some of the best stories from last week.
- How do you celebrate a holiday with no name? Who knows, but I did poke fun at it with Happy Civic Holiday.
- Mike Tyson seems like an odd foil for Financial Advice, but his statement is prophetic especially for finances, “Everybody got a plan … until they get hit“
- Living beyond your means seems to be the raison d’etre of an entire generation, so Lifestyle Creep really is aimed at the new lost (money) generation.
(Courtesy of the Bank of Canada)
What is Lifestyle Creep?
Lifestyle creep is rampant these days, where your lifestyle spending outstrips any income increases you might be receiving. Stop keeping up with the Joneses
“Everybody’s Got Plans…”
I think this is a paraphrase or Iron Mike Tyson, but “Everybody’s got plans… until they get hit!”, which is true of all plans, really. Mr. Tyson’s opinion is very valid (and I hope he never hits me)
