Wednesday, March 30, 2011
knowing your time frame will tell you how much to be put aside each month, then we look for investments that payout 6-8 % as the historical inflation rate has been 3%, so easy math; so depending on how many years we have the ratio could be 60% stock/40% bonds or maybe a 50/50 split. If you have a big window maybe do margins if your in the 20-30 age bracket and have the tolerance for risk B) Boost your savings in your RRSPs to save taxes paid to the government and if your employer matches up to 50%......well there is nothing better than investing with someone else's money lol C) Increasing your income; hard to find a higher paying job so maybe work part time on the weekends or start a small company on the side to generate more cash D) Real Estate; you know my opinion on house ownership with my past blog, but the 'X' Factor is location, location and did a mention location hahaha, so do your homework on this subject. Also look at buying flats/duplex's so you can live in one and rent out the others and take advantage of your 'sweat equity' for some repairs/cosmetics around the property while your renters are paying down your mortgage for you.....nice!!
Sunday, March 13, 2011
are saving for which makes it easier, also talk about where you want to be in 2, 5 or even 10yrs and what are the big goals? After you agree on those subjects, discuss what each of you are willing to give up to attain your future retirement together. In closing, don't you want to control your own destiny?..... i thought so!