Time Makes Money

I’ve been pretty busy these last few weeks as I am hammering out some business details.  I haven’t had time to completed a new article for this week.  But I’ll leave you with something that may be more valuable, but less instructive.  Its one of my own quotes/sayings that I points to what I feel is a very important concept.  I use this quote every time someone asks me to explain what I feel are keys to successful...

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Financial Independence

Its July 4th, Independence Day in the United States of America!  I decided that today is the most appropriate day for this short post on financial independence. What does it mean to be financially independent? Financial independence has a different meaning each person.  To some people it may mean not having to worry about paying mortgage, bills, or putting food on the table.  To others, it may mean not being at the mercy of a company...

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Banks & The Lure of High Returns

I was speaking with a friend the other day, who is a senior employee at one of the big Canadian banks.  Our conversation helped to give me additional insight into the problems of the financial sector, as well as confirming my suspicions of how difficult it is for corporate management to resist the institutional imperative.  He mentioned that over the last few years, corporate management had continuously raised the yearly ROE...

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Seasonal Impacts On Investment & Business

I was on vacation at Mont-Tremblant this week. It was a very nice and relatively quiet place for a tourist location. Although its busier in the Winter (known for its skiing), from a business point of view it was too quiet in the summer. But I guess that goes for most Canadian tourist attractions, other than Niagara Falls. But then again, the falls is much less busy in the winter. Canada’s extreme seasonal changes make it...

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A Game Of Monopoly

My wife and I played a game of monopoly with our 9 year old god daughter over the weekend. We lost, with our god daughter draining us of our money, and forcing us to sell properties back to the bank, or to her as payment. She ended the game with over $4000 in cash, and a decent 25% of the properties on the board. I find playing against adults much easier than playing against a child. Most adults acquire as many properties as they can,...

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