The Power of Inflation

September 2, 2010 | Posted by Jason Drummond

Two days ago I wrote about a thought experiment I did to try to get a better picture of how much I actually needed to support myself in retirement. For the experiment, I ignored my pension, because I have no … Continue reading →

Posted in Bugeting, Investing, Retirement | 1 Comment

A Thought Experiment

August 31, 2010 | Posted by Jason Drummond

I had a line of thought yesterday while I was in my work truck and driving around. The whole idea was to figure out how much I’d need. For example, my first thought was the grocery money that we have … Continue reading →

Posted in Bugeting, Investing, Retirement | 2 Comments

The Value of Friends

July 28, 2010 | Posted by Jason Drummond

Yesterday I promised a Mr. McDreamy topic. Today I want to educate Mr. McDreamy on the value of friends and associates. First, however, I want to heap some praise on the guy, he’s not perfect, but rumour has it he … Continue reading →

Posted in Case Study, Investing, Mr. McDreamy | 1 Comment

Cashing out RRSPs

July 19, 2010 | Posted by Jason Drummond

I’ve often heard of people cashing out their RRSPs to buy a home. Using the first time home buyer’s plan, they quickly whip out $25,000 from their RRSP to get that down payment assembled. This is such a bad idea, … Continue reading →

Posted in housing, Investing, Retirement, RRSP | 1 Comment

Registered Disability Savings Plan

July 5, 2010 | Posted by Jason Drummond

The Registered Disability Savings Plan or RDSP for short. is a plan that allows people with disabilities and their families to save up money that can be used for long-term financial security of the person with a disability. Who qualifies … Continue reading →

Posted in Investing, Retirement | 1 Comment

What is an RRSP?

June 21, 2010 | Posted by Jason Drummond

RRSP stands for Registered Retirement Savings Plan. The federal government of Canada created these plans to try to encourage Canadians to save for retirement. What are the benefits of having an RRSP? How much can be put in an RRSP? … Continue reading →

Posted in Investing, Retirement | Leave a comment

The Unobtainable

May 3, 2010 | Posted by Jason Drummond

I like challenges. Getting to debt free was a challenge, however, it was a small challenge. Getting to debt free wasn’t going to take long if we buckled down and pinched pennies we’d get it done in no time. Today … Continue reading →

Posted in Banking, Bugeting, Investing | 1 Comment

Other People's Money

February 3, 2010 | Posted by Jason Drummond

I could also have titled this post “how to go bankrupt” or “How to lose everything.” Today I’m actually going to tell you how to get rich. I’m also going to tell you how to avoid getting ripped off. I’m … Continue reading →

Posted in Investing | 2 Comments

Buy and Hold

November 24, 2009 | Posted by Jason Drummond

When looking for retirement planning, most people look at RRSPs or TFSA, but the issue is what to do with the money that is inside these vehicles. Do we buy bonds? Stocks? Mutual funds? GICs? options? Forex? etc? Look if … Continue reading →

Posted in Investing, Retirement | Leave a comment