Debt is the biggest drag on most people's finances. Yet much of what I've written on this personal finance blog has to do with saving and investing. I've hardly mentioned anything at all about debt because I don't carry much of it. My personal debt/equity ratio is 16.74% and … [Read more...] about Get Out of Debt!
How to Build Passive Income Streams
Welcome to my article on how to build passive income streams. Building passive income streams has been a major goal of mine for years. Since I started my first "real" job 7 years ago, I've been through 1 merger and 2 rounds of downsizing. This experience has shaped … [Read more...] about How to Build Passive Income Streams
July 2014 Dividend Income / Monthly Highlights
Here is my July 2014 dividend income. July has been another strong month and we are well on our way toward meeting our annual goals of increasing our net worth to $700,000, being mortgage-free in early 2015, and hitting the $4,000 in dividends mark. I managed to earn … [Read more...] about July 2014 Dividend Income / Monthly Highlights
Net Worth Update August 2014 : $646,182.38 (+1.90%)
Here is my net worth update August 2014. 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 … [Read more...] about Net Worth Update August 2014 : $646,182.38 (+1.90%)
How to Make Budget
This post looks at how to make a budget. Much of my success in saving money and increasing my net worth has to do with my monthly budgets. I mean I didn't just wake up one day and have a net worth of nearly 600k (in 2014). It takes a little planning, focus and discipline to … [Read more...] about How to Make Budget