Wealth Accumulation Rule #3

Wealth Accumulation Rule #3

If you read the post about rule # 1 for becoming wealthy, it says that rule # 3 is Save Early, Save Often.  Anyone who knows me, knows that I am FRUGAL.  That is the polite way of saying I am CHEAP. But it’s true, and I enjoy the title. So how do you be FRUGAL. ...
Wealth Accumulation Rule # 2

Wealth Accumulation Rule # 2

Now that you have followed rule Number 1, it is time to put Rule # 2 into action.  MAKE YOUR SAVINGS WORK AS HARD AS YOU DO! If you have followed Rule 1, you should have some money sitting in a Savings Account. Here is a list of investments from lowest to highest...
#1 Rule For Becoming Wealthy

#1 Rule For Becoming Wealthy

My philosophy is to Think Simple. I have found after 50 years, that this philosophy works for even the most complicated situations.  Especially for accumulating wealth.  But as with most simple things, people don’t do them because they believe that if it is that...
Why don’t young people invest?

Why don’t young people invest?

I was talking with a couple of Mutual Fund Sales people the other day.  One of them asked the question: Why is it so hard to get people to start investing?  Especially younger (under 40) people who have the greatest investment tool there is TIME. I didn’t have a...
Dealing in Crypto. (without being Scammed)

Dealing in Crypto. (without being Scammed)

There is a lot of talk about cryptocurrencies these days.  I do not own any cryptocurrencies directly.  I leave that to my sons.  My oldest got into Bitcoin when it was under $10,000.00.  He is the only person that I know personally, who has done well in direct Crypto...
Have things improved?? (Then/Now)

Have things improved?? (Then/Now)

I was scrolling the other day when an ad from the Royal Bank popped up — all smiles and sunshine. It was aimed at newcomers to Canada, showing how the bank could help them settle in. The storyline was simple: you need a credit score to rent an apartment, you go to the...