The Downfalls of Real Estate
For the average person with limited cash, financial literacy, and earning power, real estate is often the first investment avenue of choice next to a…
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mortgage
Being a Victim and Slave of Time
This June marks the first month after 4 years in Alberta, upon leaving Vancouver as I threw all my belongings into my car. I’ve made many goals ever…
Scrutiny of the Public
Throughout our road of career and personal development, we run into many who will attempt to drag us down, stand in our way, and/or doubt our…
Beginning of the End of Employment
No one wants to pay me what I like- especially with the shifting labour market and the oilfield downturn, shifting it into an employer’s market…
Brief Note on Employee vs. Sole Proprietorship vs. Incorporation
– Sole prop vs. incorporated: Sole prop. is cheaper, more simple, less paperwork. But doesn’t come with the limited liability, tax deferral, share issue potential,…
April Philosophy of an Oilfield Risk Taker
As the ominous prairie wind blows in a time of economic uncertainty, I cannot help but wonder about my present financial state. It was only…
Tax Write-off Implications on Real Estate Investing
Assuming a 30.5% marginal tax rate (the common one in Alberta for being between $45.9 – 91.8K/year), every $10000 write-off/loss results in 3050 savings. However,…
Edmonton Real Estate Investments and Investing Philosophy
Real estate is of my particular interest due to the low initial cash barriers to entry for respectable returns, low volatility, ease of understanding, and high…
Poker and Everyday Dealings
Life is often like a game of poker. When there is someone in front of you either talking to you or bargaining with you, you…
March blues
As I spoke about in past entries, my battle to defend my home downpayment continues- with multiple sudden expenses threatening to take my home ownership…