September 2017: Financial Update

Another wedding, rent increase, and a dividend income record.

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Giving blood was a great date idea!

September is historically a busy month and this year was no different: summer mode ends, work gets busier, and you try and cram as many outdoor activities as possible before the weather gets cold. Rent also went up 1.5% annually, as it does after 12 months of living in the same spot. That resulted in expenses totalling $2275.69, inclusive of a wedding for some close friends where I gave $200.

My savings rate this month dropped to 55.4%, even with reduced CPP and EI deductions from my paycheck – but at that savings rate, I’m not going to complain too much.

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DRIP Investing.

I like my investing the way I like my coffee.

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In my office we have a coffee connoisseur.

He makes his cup of Joe in a French press twice a day with incredible meticulousness. First, he coarse grinds his beans at his desk by hand with a little manual machine. Then he puts it in his press, pours boiling water in it and gives it a stir. He waits precisely 4 minutes to the second before pushing down on the plunger and pouring the brew into his mug, mixing it with some hot milk he has just microwaved. It’s an absolute symphony to watch the preciseness of it all. It’s also so much damn work.

Me? I watch it in bemusement with my cup of drip Kirkland brand coffee. It’s the cheaper and easier way to get what I want – just like my investments.

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A Guide to Dollar-cost Averaging

Why I invest my money, two weeks at a time.

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I’m a risk averse person. I don’t bike in the city, I don’t enjoy jumping into water, and I don’t even dare go ten above the speed limit (put me in the slow lane, thanks very much). When it comes to my investments, it’s very much the same thing.

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When Index Investing, I Skip the TSX

Canada is great. Its major stock market index is not.

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A diverse nation with an undiversified index.

Passive investing is in, active investing is out. The literature is all there, frequently citing how a passive fund tracking the major international indices will frequently outperform actively managed mutual funds. Those passive index funds also have lower management fees, to boot.

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August 2017: Financial Update

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The site at Evergreen Brick Works

The last month of summer came and went, and with it went $2046.37 in expenses, inclusive of higher entertainment, dating, and food costs. With fall approaching, sometimes you just have to cram in missed opportunities, right?

My savings rate of my take home pay for this particular month was 56.9%. Not quite as good as August last year, but a number I’m still quite happy with.

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The Best Board Games for the Frugal

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Last month I casually tweeted about my Friday night:

To my surprise, this casual offhand tweet received 24 likes – now I know, that’s not necessarily Lady Gaga numbers, but clearly the concept of board games is one that resonates with many of us since they’ve been a staple of everyone life at some point another. Some side conversations started about which ones people played so I thought: “Hey! I know a lot about board games games, why don’t I post about it?”

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Get your MBA for Free.

How I completed a 20-month MBA without a significant change in my net worth.

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Back in 2012, I made a decision that accelerated my career and income potential. I did an MBA. Three letters that mean: smart, employable, qualified.

The source of this big leap back into academia originated during my job as a project coordinator. I would sit in meetings with project managers and it was very obvious that they all made way more than me. After some LinkedIn stalking, I found that they all had business degrees.

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