Credit Cards are Cash Generators

TSML

There’s a lot of pooh-pooh about the perils of credit cards on a lot of personal finance blogs. To be perfectly honest, if you can’t differentiate between money you actually have and money you don’t, it might not be quite time for you to take off the training wheels just yet. However, and hopefully for the vast majority of you, credit cards can be a completely untapped source of huge profits. I’ve had my credit card for a year and have 119,848 miles accumulated. You wanna know what that’s worth?

Continue reading

Creating Wealth is Really Really Easy

Screen Shot 2014-06-03 at 5.48.51 PM

With the plethora of personal finance blogs/websites/resources out there, you might be lead to think that there something rather difficult about money and wealth. Actually, that’s far from the truth. Creating wealth is actually really, really, ridiculously simple. Take a look at this pyramid. Yep. That’s basically it. Stop the presses. Stop the internet…

Continue reading

Mortgages and Interest Rates

TSML Mortgage Rates 2

Buying a home is one of the biggest financial decisions most people will ever make. Taking on hundreds of thousands of dollars worth of debt to purchase a home is an immense decision that shouldn’t be approached casually. There are a myriad of factors you must consider before leveraging so much money for a single, illiquid asset. This is especially important in a “hot” real estate market like Vancouver.

Continue reading