Let’s Go Exploring! Japan: Tremendous and Terrifying
When I think of my favourite country in the world (second only to Thailand), two words come to mind: Tremendous and terrifying. Tremendous because of the tremendous effort the Japanese put into EVERYTHING. Terrifying because everything, literally EVERYTHING they touch (be it an Airbus 320 or a bowl of ramen soup) is executed with so much surgical precision it blows my mind. I’m TERRIFIED they’re going to take over the world. Picture this: The gentle meowing of your hello kitty alarm wakes you up. You yawn and walk into your gerbil-sized bathroom. While you brush your teeth, your bathtub automatically fills with water, […]
Investment Workshop 24: Mortgage Backed Securities and Why They Cause Housing Crashes
Hello again and welcome back to the Millennial Revolution Investment Workshop! New readers, please click here to start from the beginning. The other day we received this question from a reader. I’ve been reading about these Mortgage Backed Securities that just became available in Canada. Should we invest in it? So as a result today I thought I’d switch gears a bit and talk about the Canadian Housing Market. You American readers pull up a chair and grab some popcorn because for once you get to feel smug about US. For about 10 years now, endless pundits and economists have […]
Should the Government Mess with the Housing Market?
Carrie Bradshaw from Sex and the City once said: “Being beautiful is like having a rent-controlled apartment overlooking the park: completely unfair and usually bestowed upon those who deserve it least.” Well, clearly the Ontario Liberal government has been watching way too much of that particular 90’s trivia, and in a fit of jealous rage decided to announce this: Foreign buyers tax, expanded rent control coming to Ontario So for those who believe that bitching and whining to get the government to fix stuff is the best way to solve life’s problems, you win! The government FINALLY decided to take […]
Reader Case: Pay Off Debt or Invest
It’s Friday and you know what that means. Time for another reader case! And guess what? This time it’s NOT going to be about renting versus owning. Shocking, right? But hey, I gotta take a break every now and then. I might pull a ranting muscle and then where will we be? Now, the reason why this reader case caught my eye is because they’re dealing with an issue many Millennials face…so many, in fact, that collectively, Americans now own a combined $1.4 TRILLION in student debt, at an average of $30K per student. Yikes! So how do we tackle this common Millennial problem? […]
Investment Workshop 23: How Much Insurance Do I Need?
Hello again and welcome back to the Millennial Revolution Investment Workshop! New readers, please click here to start from the beginning. A reader recently asked us “Can you do a post on insurance? I have no idea how much insurance I need.” Which is a great question. Insurance is something we often don’t talk about in personal finance blogs, but is something everyone has to do deal with. In my experience, when it comes to how much/what types of insurance people own, they usually fall into two categories: Over optimistic idiot who doesn’t own ANY insurance even though they should […]