Tuesday, 17 October 2017

What happens when you start thinking about money

Hi All,
I started this blog in 2016. Before that, hubs and I were working and just paying bills. We were putting little bit of money for the future. That part was all done by professionals. We just listened to an "expert" and started a putting money in to some sort of mutual funds. We were not paying any attention to the fees or growth of investments. The bills were getting paid and food was on the table. We were not accumulating any debts though. 

Then my hubs company started downsizing. and he lost job. Our family became a real lower income one for three months.(I was working only part-time then) It was the real eye opener for us. I started working out more. But money was still tight. We needed to make big changes.

While searching for frugal ideas, I came across Mustachian Principles. Discovered the all idea of FIRE, DIY investments etc. So, last year, I started taking care of our investments. 

When hubs got a new job, we didn't changed the life style. Every month, I put money in to our RRSPs and TFSAs.

 At first, I was thinking of stock investment as "buy low and sell high" only. I didn't know anything about passive income and side hustling at all. Thanks to all the FIRE bloggers out there: I learned all those things in a short time. I started investing on ETFs as the Canadian Couch Potato mentioned. 

But, my investments are with one of the big banks. So, each stock purchase costs money. Some financial bloggers were talking about DRIPing. The bank helped with the dividend re-investing program. 


Later I started more in to dividend investing: Thanks to My Own Advisor. He shared a blog post with his idea of making his own ETF by choosing stocks by himself. 

With all this knowledge, I began to see my job through new glasses. It is no longer the work I have to do, but it is a source of income! That also means I started looking at my job as my business. The employer is my client. As a result, I got pay rises. So, I got more confident in myself. With that, I demanded better treatment and better pay from my work places. My hourly wages has gone up over $6 comparing to 2015. As a result, I have more money to save and invest comparing to last year. 

Since the income went up, I asked my mortgage company to increase my mortgage payments. That way, the debt will be paid off faster. 

When I started thinking about money, my cash flow went up. Life became more enjoyable and richer. 

What happened to you when you started thinking about money? Please share in the comments.

Thursday, 12 October 2017

This weeks efforts for financial independence

Hi All,
Last weekend was thanksgiving weekend for Canada. That also means, this week is short work week. 

Long weekends are always more expensive. Last one was not an exception. Even though we didn't buy turkey, we spent money on food and alcohol. But, there was no take out except the pumpkin pie.  we bought this big pie from Costco for $5.99. It was delicious! 

I worked few extra hours and that is going to bring few bucks in. Yes, the regular frugal things, like hanging the laundry and packing lunch from home etc are continuing. 

Since we had company over the weekend, we made a lot of food. So, still there is lot of left over in the fridge.

I am still looking for other passive investment ideas. Some American blogs are talking about peer to peer lending. Not many in Canada though. Another one is solar bond. I don't understand why they charge $40 membership fee. The website says the bonds can be held in TFSA or RRSP. 
What do you guys think about the solar bond? Will you invest in such co-op opportunities? 






Tuesday, 3 October 2017

September 2017 Passive Income

Hi All,
October has begun. Canadian Thanksgiving is around the corner. 
I want to take a look how my passive income was doing.
I bought more shares of BCE last month. I also added some healthcare shares to my portfolio in September. 

Now let us see how much I earned in dividends. With 2 RRSPs and TFSAs and one non registered account, our total dividend income was $211.53. 
It is still less than that of August 2017, but more than that of September 2016 ($130).

I am hoping to receive more dividend income in next year though.

How was your dividend income/ passive income for September?

Courses to be a Millionaire

Hi all,
Have you ever dreamed of becoming a millionaire? Having enough money to pay for all the bills. Then there are assets that continue to generate income, while you are doing the things you really love?

Think that you just given a correct formula for success, and you are following it. That will be really nice. 
While we were just starting out school, our parents told us to study really well, work hard to earn good marks and go to college to find a job to make money. We just followed that advice only to discover that is not the way to riches.

Now, think of a college course which is going to teach you to be a millionaire!
I just wish, if there is something like that... 

In reality, many college dropouts are changing the world. The ones with academic excellence are working for the college dropouts.

We know Microsoft, Apple, Facebook etc. All those started with the vision of their founders. They acted upon their vision. Ordinary people were chasing the dreams while those successful people were working out on their ideas. 

Recently I found a book at the library: "The education of the Millionaires" by Michael Ellsberg. I was intrigued by the title. In this book he tells that colleges are not teaching us to be rich. They teach us to be law obeying workers. 
I was thinking, but, we need doctors, engineers nurses and teachers. The education system creates all of those professionals. But, they are not creating successful entrepreneurs, according to the author. 

Can it be true? 

I found that Canadian universities are giving a lot of opportunities for budding entrepreneurs. While Peter Thiel of PayPal gives $100,000 for students to get out of school and to start business, Michael Baum gives same amount for students to stay in school and  start business. 

Michael Ellsberg's book is very interesting to read. He did interview a lot of successful college dropouts for this book. Ellsberg shows how building your own brand and mastering the art of bootstrapping helped many people to be millionaires. 

I think, a university degree in the right filed can still help you to find a niche for you. Not every college dropout can become a great entrepreneur. Not every university graduate will be poor either. 

What is your thoughts? How you made your fortune in this world? What kind of advice you will give to 18 year olds who just finished high school?

Friday, 29 September 2017

Adding more BCE stocks.

Hi all,
I mentioned in the previous post about buying BCE shares.  I got them for $57.83/share. That might bring a little more increase in my passive income by next year. 

BCE is the largest telecommunication company in Canada. According to Wikipedia it is owner of several toronto based sports franchises. That is good too. 

The dividend yield is 4.9% according to Google finances. That is really nice. BCE has increased dividends for several consecutive years. They increased dividends in 2017 as well. Now the dividend will be about 72 cents /share and will be given 4 times an year. that means, annual dividend of $3.68/share. Since I bought the new shares only in September, it may not give any particular increase in this year. But, I am expecting about $100 increase in my passive income with this purchase.

 I might need more shares to do the DRIP though. with every investment, I can see myself getting closer to financial independence. 

Are you interested in becoming financially free? If so, what are you doing to achieve your goal?








Wednesday, 27 September 2017

This weeks efforts to be Financially Free

Hi all,
Even though last week I mentioned about not eating out, end up in doing one take out dinner. But, I can forgive myself because it was to celebrate a successful event in life.

We got a lot of free veggies this week. We got a big big bag of tomatoes from Walmart for $1. 
Then I got the free tomatoes along with grapes and peppers. 

We finished the grapes without much trouble. Thanks to my friends backyard gardening. The hot peppers are in the freezer. I froze some tomatoes too. 

I always wanted to try making pasta sauce. found this tomato sauce recipe from Kitchn.com. It is just a basic one. I added one grated zucchini and carrot also in the sauce. I was able to buy canned pasta sauce for $0.99 before. Now it costs $1.29. This batch is about two and three cans of sauce. 

To increase the dividend income, I bought few more shares of BCE
this week. That sure will be good help to achieve financial freedom and to increase the passive income. 


There are two more days to finish the work week. So, how you guys are doing by midweek? 

Potatoes are going to be on sale in the fall, right? How to preserve them? Can we freeze the mashed potatoes?




Tuesday, 26 September 2017

dividend investing blogs

Hi All,
I got a few free hours to surf the net this week. It is very interesting to read comments on the other financial blogs. It is a good opportunity to discover other blogs out there as well.

One click leads to another. There are lot more interesting blogs to read.  Some of the interesting ones I found are listed below. 

http://www.dividendmantra.com/
 https://spbrunner.blogspot.ca/
http://www.dividendninja.com/
https://www.myownadvisor.ca/
http://www.dividendgrowth.ca/

Hope, you will love them as well. Do you follow any of them through email?

Thursday, 21 September 2017

This weeks efforts for Financial independence

Hi all,

Like many bloggers out there, I also have this dream of becoming financially independent one day. But I got this idea and started actively working on it only last year.

I am not very keen on budgeting every penny going out.
My goal is to save $2000 per month. I am almost there now.

Last year itself, we started DIY investing with our RRSP and TFSA. They are not yet maximized.

I am going to look my activities week by week.

I baked a loaf of bread with my bread maker. I bought the flour from Bulk barn.

Then we bought two big bags of beetroots and one big bag of carrots. The beetroots are already in the freezer. The carrots has to be prepped and cubed before freezing.

we are  planning to have home cooked meals for this all week. I am going to make some home made yoghurt as well.

I am on the look out for a new job, which can pay little more. I was thinking having more than one employer is good for the cash flow. But, it cost me more on travelling. Each time i have to pay the bus fair to reach different offices. So, I will look for full time job in one place.

I started reading  book "The Education of Millionaires" by Michael Ellsberg. The book is about sales and direct marketing. I am not finished it yet. But, there are some strategies you can apply while writing your cover letter.

For inspiration I visited MMM blog. I followed the links from the comments and visited some other similar blogs too.

What are you doing this week to save money? What kind of investments you are interested in?


Wednesday, 13 September 2017

My first Healthcare investment

Hi all,
we are all getting old day by day. One time we may have to be in the long term care. That is scary, to think about. But truth is not always pretty and comforting. Same as future. We can prepare for it, but when it comes we have to face it.
Ok, just put aside the blues. I was looking on Motley Fool website one time and found there is a company called Extendicare, providing long term care services. Further research shows that they provide retirement living, long term care, and help to live in your own home with assistance. 
As a dividend investor, I found that the company gives dividends too. It is a Canadian company and longterm care business is not going to be affected by economy. It gives a dividend yield of 5% and the dividends are paid monthly. 
So, that is what I added in my portfolio this month: Extendicare, EXE, @tsx. That will give a dividend of 0.04cents per share every month. Let us see if I will get enough dividends to DRIP. so, hopefully I am getting a bit more closer to financial independence. 

Tuesday, 12 September 2017

The Lessons School forgot to teach us

The Lessons School Forgot: How to Hack Your Way Through the Technology Revolution is a book by Steve Sammartino.

I finished the book in one week. At the beginning he says about how he worked in a factory and how the factory made the workers to keep working to have high productivity. It is funny and entertaining to read.
Sammartino argues that we are all entrepreneurs even though we are really employees working for some one or some company. Just a shift in mindset can make a huge difference in our attitude. With that shift in attitude, we can think of our boss as our customer. In a business, we need more customers. So, why you have to be happy with just one boss.? More than one employer is always better, if we think about it.
We can have more side hustles/projects. It may take a long time and effort to make your own passion to generate an income. But, keep working on it, is the key to make it a success.

Schools are really preparing us to obey the rules, like get a degree, find a job, and save some money to retire.
In this book, you can find new ways of thinking to change the attitude of the boring ways of life.
I really loved reading this book.  As a result of it, I am going to start making a list of book s I am reading. According to Sammartino, most book s can be finished in seven or eight hours. At least one book a month is possible for me.
If you are interested in reading the blog of this Australian futurist and technologist, his blog is here.

Now is your turn: share with me what are you reading now. 



Wednesday, 6 September 2017

August 2017 Passive income

Wow! September it is! Schools are open.
There are no more lazy summer days. 
It is time to look back on August. 

I didn't catch the down moments on the stock market. Life was kind of busy, with some summer activities. I had a balcony garden for the first time. I found out that I cannot be bothered with watering the plants some days. I was drooling over eggplants when we bought the little plants. But, they proved to be not good and bugs were all over them. The peppers are a good option. They didn't get that many bugs. The crop was also fine. I have a big bag of them in the freezer. Got one hot pepper plant inside now. I hope, it will last for at least one more month inside.

Talking about passive income, it is a bit less than that of July: yet I received $223.82. It is still much bigger than last August's passive incomeThis year, till now, I got 1701.26 in passive income. 


Thursday, 31 August 2017

Why do we save money?

August is near to finishing line.  Last week was interesting. There was solar eclipse. Luckily, I got the chance to be outside. With a homemade pinhole camera and folded film strips, I got a great view. Using the old film negatives and a regular sun glass, I was able to view the solar eclipse.

As a side note, the air is getting cooler. Once again, long sleeves and sweaters are out.  A trip to the beech was  awesome .  The plac e was not crowded as usual. To make it a lazy day, we did a take out lunch. That very relaxing weekend didn't cost much.
I read some online articles. Mark Cuban was saying savings will not make you rich. I think, saving money is the beginning to attain financial independence.  To accumulate unlimited amount of money, one needs to invest money aggressively.  Once you have that halo of "money richness", you will be saved from your mistakes. We must remember how the big companies were bailed out by governments in the past. The CEOs who made the big mistakes were rewarded with big bonuses.

Since there is no one to bail us out, ordinary people have to save money for a rainy day. Then with lower risk investments we can grow that a bit .

With no employer pension to count on, people like me has to save money, not to be rich, but to survive the golden years.



Thursday, 10 August 2017

Vermillion It is

I can't believe August is almost half way through.
I am frantically working to make each of our DIY RRSP accounts to have $25,000 each. I made that happen this week by adding more money . 
Now, RRSP 1 has some money to be invested. So, I bought Vermillion energy, VET on TSX. 
It will give a monthly dividend of $ 0.21 per share each month. With 56 shares,I can earn $11 per month. With the ex dividend date on July 28, I am not going to get any dividend this month though. 
But, from September onwards, I will start receiving more dividends. 
I was checking the dividend history. From 2004 onwards, the company was giving dividends. Actually they are giving out the same dividend from 2014 onwards. That is not a bad news. 
From the company website, I can see that it is a global company and is getting traded in NYSE also. 
With the limited number of shares, I will not be able to DRIP any of those dividends. 
Now, with $25,000 in the RRSP account, I will not be paying annual fee to the brokerage. That is a big savings of $100 per year.
Glad to reach that milestone before September this year. 
How you feel when you really achieved one goal ? How will you celebrate it? 


Wednesday, 9 August 2017

I bought a Dyson!

Dear Reader,
I am a frugal person. My family reduced the use of paper towels. My Swiffer sweeper is armed with reusable cloths. 
Then, the title of this blog post is true too. I bought a Dyson vacuum cleaner for myself!!!!
At first I was reluctant to spend that much money on a vacuum cleaner. That is why we bought the Kenmore one five years before. It was doing a good job. But the problem is I have to drag myself to make it work. The cord has to be re-plugged two three times to finish cleaning  my two bedroom condo. It has a disposable bag. so, we need to buy the bags. It was not easy to just get it and do the job. As a result, I procrastinate the cleaning very often. I needed a vacuum cleaner easy to take out and it should do the job without having to adjust the plug. 
The answer came as an advertisement of Dyson!

The light weight vacuum cleaner is hanging on the wall for easy access. I have my carpet and hard floor vacuum heads are on the wall now. Only problem is I can't find a way to put the head that can be used on the couch on the wall. 

My Dyson has no bags. Cleaning the canister is very easy. Just hold it on top of the garbage bin and open it, the dirt is gone! Hubs agreed to do detailed cleaning of the vacuum cleaner once a month.
I can see myself vacuuming the floors more often. As a result, the home is more cleaner now. 

Usually after spending money on something, I will feel the remorse. With this purchase, I am happy. Each time I reach out the Dyson, I congratulate myself on buying it. 

Have you ever bought something that makes you feel happy forever? 


Thursday, 3 August 2017

PassiveIncome of July2017

Dear reader,
July was great . summer is always fun. There were fireworks. There was great fun walking the trails. 

Then I added a $1000 to the RRSP. 
Now, it is time to check the dividends. 
Together we made total of $250.88 in dividends. 

I bought 64 shares of Pizza Pizza Royalty corp. The dividends not started yet. Hope to start receiving them in August though.
The big achievement is this: I got enough dividend to do DRIP on TD. So, an extra share with no trading cost. 
woohoo!!! 

I also started another blog, where I can talk about dentistry. Guess, you already know that I work as an assistant to dentists and it is my main source of income. 
I am searching for another passive income ideas. Recently found Lending Loop, which is a Canadian peer to peer lending platform.
Do you have any other passive income ideas? 


Thursday, 20 July 2017

Pizza for passive income


Who doesn't love pizza?
Here I am talking about Pizza Pizza royalty corp., which is PZA at TSE.
It is Canadian franchised fast food restaurant.

The interesting thing is it pays monthly dividend. If you are thinking of making passive monthly income, it is a good option to try. According to Google, the dividend yield is 5.02%. It seems good.
It has over 750 locations all over Canada. Most of the Pizza Pizza restaurants are in Ontario..

But, do the same store sales are increasing? I am not sure how to find that out. But, Motley Fool Canada article dated in March 2017 mentions the same store sale of Pizza Pizza has gone up.
With just 64 shares, and an expected dividend of $0.06 per share per month, I hope to increase my dividends from next month onwards.
I am expecting an increase of $46 in my annual dividends with this one stock. That can free about 3 hours of my time!
Wouldn't it be cool to get passive income from Pizza?




Monday, 10 July 2017

Frugal Weekend

The weekend was really bright in Toronto.
As usual, Saturday was just for the errands. Sunday was really for relaxing. Sunday morning started with an extra long walk. It was a cloudy day. That made the walk even more interesting.

I saw berries on plants:
There was a rabbit going to sneak in to a backyard garden:
Can you see the rabbit in the picture? 

I am not sure, why I saw 3-4 abandoned Walmart shopping carts on the road sides. May be it is just a Scarborough thing: People should leave the cart at the shop, right? Now, the carts are making a mess on the street. 
This one is almost 1km away from the Walmart. It can roll on the road and create an accident to oncoming traffic.

At first, I had the cravings to eat out. Then changed mind and made food at home. To go out, thee was "Taste of Lawrence".  Instead, I had a salad with whole wheat crusty bread. Afternoon was just cuddling with a book. I am happy that I didn't spent unnecessarily and ate healthy. 
All the prep work for the coming work week is done. Happy and relaxed for the next week!
How was your weekend? Was it frugal or expensive? Either way, I hope, you had fun.




Wednesday, 5 July 2017

Passive Income of June 2017

Dear Visitor,
Thanks for dropping by. 
Canada day long weekend is over. Since the dentists are taking off to relax, my work hours are reduced too. More time to read and work on the blog, right? 
First of all, I need to calculate my total dividend income of June 2017. 
June is a good month for dividends. I made a total of $259.01.  I never totalled the portfolio value. This time of the year, I found that I my holdings have a total market value of $84,000. It can go up if I can transfer the IG account to the the DIY account.(Of course,I will be adding more to my investments, little by little).  We are still working on it. 

I also started learning to work with Google docs. It is going to be more fun. Then the public library is offering few online courses. I am going to look on that too. 
So how you spend a few hours of unexpected free time?



Tuesday, 4 July 2017

Canada Day, the Rubber duck etc.

Dear visitor,
thanks for dropping by.
It was supposed to be a 3 day weekend. But, I was doing my paid work on Monday.(not complaining though)
That didn't mean I was not having fun.  
Yes, we went to see the world's largest rubber Duck . Then stayed late to see the fireworks too. 
I was thinking of packing some food to eat.(I am frugal, right?)
But, my family was suggesting to have fun by eating from the food stalls there. 
The subway was crowded. It was packed with people. The rain didn't dampened the spirit. We walked from Union station to the Harbour. The food stalls there was very crowded. People were standing in lines to place their order. We ended up walking on the street and bought food from stall in the grocery shop. It was a sandwich on Pita bread. They had only large ones. The small ones were all sold out. Then there was no place to sit and eat. We just stood in a corner and ate. 
 Every one was happy and having a great time.Even the washrooms were having long waiting list.  First time I saw people ignoring the traffic lights and walking through the streets. Some divers got annoyed and horned. The polite Canadians didn't show any road rage. They just smiled, waved and passed. 
People have different opinions about the duck though. some thought it was a waste of money, some thought it was attractive. 
I heard a lot of languages being spoken. Saw all sorts of people. If it was in a South East Asian country, the girls in our group would have been groped by men of all ages. The women here are  carefree and less worried about being in a crowd.  
I got a few pictures of the fireworks @CN Tower.



While going back, the subway was much more crowded. We had TTC Day pass with us. I was thinking many people won't bother to put the tokens: but, I was wrong. Canadians did take the time to pay the fair to get in the subway. Oh, lord! the train was so crowded. Every one was trying to squeeze in to help the next one to get in the train. The love and kindness people show to one another is amazing. 
Yes, I am really proud to be a Canadian. I am sure you can understand and relate to it. How was your weekend?


Thursday, 29 June 2017

Great to know

Dear visitor,
Thanks for dropping by.
If you are a regular reader, then you know that my day job is dental assisting. In my job, I work very close to the boss, dentist. You can say we are working to nose to nose. 
We work like a co-ordinated manner. The instruments and materials pass from assistant to dentist without a word. My suction tip will go into patient's mouth without the patient even realizing it. When a crown is being cemented, my finger will be pressing it down for the dentist to do flossing. I take great pride in not making the dentist to mention what is to be done.
No dentist ever told me I am doing a good work for them ever. It is also the magic of the dental assisting. It may be the backgrounds of the dentists I work with, or it may be just another crazy habit of the dentists... I don't know. 
So, think of it, you really received a complement from your boss: "You are doing a good job" 
Yes, it happened! 
You can imagine how it feels to me: Yes, I am over the moon!
A word of appreciation can really make us feel great. It really is a catalyst to provide better service.

Have you ever experience such uplifting experiences?




Monday, 19 June 2017

Sunday Fun

Dear Visitor,
Thanks for dropping by.
The weekend was another frugal one. The weather is getting nicer. It is time to go out and be in the sun.
The gardening attempt is going on. So far two eggplants are growing out. The potato i put in the soil for fun is having a lot of leaves. Now I think, the container should have been a bit more big.
Since this is a learning process, i am not going to change the container now.
Watering plants in the balcony has to be done carefully. The water flowing out should be carefully managed. If I am not careful, the people living below will be bothered.

Sunday was father's day. Hubs got a gift. Not a very expensive one, yet it is nice and useful. It is a bag, which he really wanted.

When we are going for day trips, I make sure to carry some water. Then, most of the time, the food will also be prepared from home.

That is going to reduce the extra spending and the calorie intake.
On the investment side, I bought few shares of the CIBC last week. I just want to hold them, because we do a lot of banking with them.

How was your weekend?

Tuesday, 13 June 2017

Is there a Science in getting rich?

Dear reader,
thanks for dropping by.

Recently I saw this book at the library: "The science of Money,How to increase your income and become wealthy" by Brian Tracy. 

This book is very interesting to read. Money started as a convenient tool to get things and services from other people. So, money has a value. 

Mr. Tracy argues that whoever gives more valuable item or service is paid more. 

Some might argue it is not true. Think of the school teachers: you can be the best teacher, or a mediocre one. But, you both will get paid according to the seniority. 

 But, in most of the private sector jobs, the performance is rewarded. I can see it myself. In most of my career, I was not given a performance report. But, still I feel whenever I got an increase in payments, it was based on my hard work. An assistant who can really be one step ahead of the dentist is always appreciated. But, you will see that the receptionists are paid more than the assistants all the time. I cannot find a reason for that yet. May be they know how much money dentists are getting for each treatment. (you know, most dentists complain about the "Healthy smile program" and ODSP patients.)

When I look around, I see people who are rich are making some sort of unethical things. For example, look at Donald Trump: he did the hate speeches. He called other people names. But, he is enjoying the money and power. 

So, do the real acceptable values of honesty and  hard work are making you really rich?

What are your thoughts about accumulating wealth and hard work?


Tuesday, 6 June 2017

May 2017, Passive income

Dear Visitor,
thanks for dropping by.
We are almost finished half of the year. Since Just has started, time is up for me to look on how much dividend is made this month. 
Between me and my spouse, we made an awesome total of $215.57 in May. 
Recently, i bought some shares of TD bank. It is one of the major banks in Canada. I was thinking of buying TD for some time. The money got ready only in May. 
There were some thoughts about buying a bigger home. After many many discussions, we dropped out that idea. Main reason is the higher housing prices. The second reason is the stress of borrowing money. So, the final decision is to pay off the mortgage on the small condo we live in and to save for retirement. 
Will you live in a small place to be financially independent? 



Monday, 5 June 2017

What am I reading

Dear Blogger, 
Thanks for dropping by. 
I haven't been to the blog for some time. I was reading books, and trying my hands on container gardening and of course, working outside the home too.
The recent book I checked out from library is "suddenly Frugal" by Lea Ingram.
Yes, you guessed it, it is about frugal living. Lea became suddenly frugal when life demanded to find ways to save money when there was no chance to make more income.
I am always looking for finding tips to save money. Yes, my family is living frugally for some time. I was thinking, I know almost all things to be frugal. But, this book gives a few more points. 
The author is giving a lot of tips on how to save on everything from cooking to driving. 
For example, we all try to line dry clothes. But, this author says she puts clothes in the dryer for 5 minutes before putting them to line dry. She let the clothes soak in the washer to save on energy and to make clothes clean. 
There are great tips to run the fridge efficiently. There are driving habits you can adopt to save on gas. 
She goes from basement to attic in the home and tells how to live better with using less power and money. 
Interesting thing is the book gives "suddenly frugal seal of approval" on so many things. 
I am pretty sure, you will find the book interesting as well as informative. 
Will you try reading this book? Which  is your favourite frugal book?
PS. You can check out her website: http://www.leahingram.com

Sunday, 21 May 2017

Sunday fun

Dear blogger,
Thanks for dropping by.
It is the Victoria day long weekend in Toronto.
Sunday turned out to be another rain day. So, I just did relaxing with a lot of sleep. 
There was nothing planned for the whole day. 
I have all purpose flour. So, after some search on the internet, settled to make a bread in the bread machine. 
I have some gardening going on. The plants are still inside. I am not trusting the weather yet. 
I have tried growing spring onions . First we bought a bunch from the grocery shop. After cutting the tops, leaving lot of stem with the roots, I placed them in soil. 
So, far I was able to cut the leaves for two times. Watering them regularly and placing in sunny spot is very important for growing them.
The planter is actually a distilled water bottle. I just cut the top off . Since the onion plant love water, I didn't put any holes in the bottom. They are still growing. 
All my dental offices use distilled water for sterilizing. So, they are freely available. I am going to recycle more of them for my gardening projects. 
What you are up to?

Sunday, 14 May 2017

Happy Mother's Day: Frugal way

Dear visitor,
Thanks for dropping by.
I spent some time with hubby: doing grocery shopping, exactly.
we went to the Foody World in Scarborough. He shops there mostly every week and I skip the trip. Saturday, I decided to tag along. It was really fun.

Since we were there early, it was not busy yet. Most workers are Asians. Some  veggies are bit cheaper than Walmart and other shops. Bananas were more expensive than Walmart though.
They have a garden section too. I bought 4 chilly plants and 4 eggplants for $3.40 including tax.

They are still not replanted to the pots. We bought two plastic container from Walmart, especially for those plants. 
The dinner on Saturday was made at home: baked potatoes, cucumber - tomato salad with pickled peppers and olives, and beef burgers (got on sale). There was some Ontario red wine to go with it.  Having home cooked good meal with family: what is more satisfying than that?
So, me the mother is happy with the good food, and plans for container gardening. 
How you celebrate mother's day? The frugal way or the expensive way? Did you bought flowers/spa treatments etc? 
Hope, you will share your stories with me. 
Have fun with your mom or with your kids.



Wednesday, 10 May 2017

Adjusted cost Base :an explanation

Dear visitor, 
Thanks for dropping by.
Last week, I was browsing through the Canadian Mustachians on Facebook and came across the term"Adjusted cost Base".
What the heck is it? I never heard of it before, and since I haven't sold any of the shares I invested, never had to use it too.
Being a DIY investor, you learn all the time. That is a lifestyle thing, I guess. 

So, what is Adjusted Cost Base, or in short ACB?

In short it is the average cost of the shares you earned. 

Ok, I will tell you what I know now.

Think that I bought 10 shares of the Royal bank, with $50 each. Now the total price of the 10 shares is $500. simple math, right?
I gave $7 for the bank to do the trade. So, my total cost of purchase is $507, right? 
So what the actual cost per share? 507/10 =$50.7, so far good, right?
aslo assume that it happened in June 2016.  
Then I decided to buy another 10 shares of Royal bank in July 2016 for the price of $55 a share. Now the total cost for that purchase is $550 plus the trading fee $7 , ie.$557. Now I have 20 shares. So what is the average cost or Adjusted cost of these shares? (Adding $507 and $557 will be $1064 and divide that by 20, (the total number of shares now I have.) It will be $53.20
Now if I am selling 5 shares for the price of $65, so what will be the adjusted cost base of this sale?
(65*5)-7 = $318/5 =$63.60. 
When I am reporting capital gains, I will be using this information.
What was  the cost of purchase of those 5 shares? I will be calculating that using my ACB. 
ie, 5shares time $53.20 =$266
My sales income = 5*$63.60= $318
Capital gain to be reported = $318-$266=$52. 
I will end up in paying capital gain tax on $52. 
Now, I am working on to make a spreadsheet to calculate ACB for all my investments. 

Wednesday, 3 May 2017

April 2017 Passive Income

Dear Visitor,
Thanks for dropping by. 
It is supposed to be spring and the weather this year is playing not to be same like previous years. May be nature is tired of being predictable. 
It is May already. time to check that passive income, right?
comparing to March , it is less. I am still happy that it is over $100. 
I was able to put money into the accounts and bought some ETF. The plan is to follow the CCP strategy(Canadian Couch Potato) for one of the retirement accounts. 

 CIBC investors edge charges $100 for RRSP accounts with less than $25,000 an annual fees of $100. So, I have to have make that a priority for both of our accounts. 

We made an awesome total of $125.09 in April 2017. Total passive income this year is $751.99. That is great compared to the income we make. So, I am pretty sure, we will be able to be financially independent one day.  
What is your reason for saving money? What is your idea of being financially independent?

Sunday, 30 April 2017

More money?

Dear Visitor,
Thanks for dropping by.
You can see that my posts are not many in April. I feel it too. Sometimes, it is due to lack of subjects.Other times, it is lack of time. 

My reason now is lack of time: I got a side hustle once a week for 2 hours. Then I got  my dental assisting jobs. Yes, jobs, with different employers. so, whenever, they need extra help, I am the one got asked to help them. Good for my personal finance. More money to invest, right?

Recently, one of my co worker got a new job with better pay and benefits. So, while the employer is on the search for a new assistant, I am asked to help. Remember, my motto is to "work when work is available". So, I was working last week. Of course, that will bring some money. But it is all the time less than $20 for an hour. I can write more blog posts and be happy. But, there will not be any money to be seen. So, comparing the options, I can work for some one, and get paid few bucks, and give few bucks to the government too. 

So, by working everyday, I am helping my employer to deliver treatments and to make money. I am also contributing more to the Canadian society by paying more tax. 

Working more also means that I have to plan ahead to avoid un necessary spending. We have to have food in the fridge so that we don't depend on take outs. The lunches and snacks should be packed so that there will be no temptations to buy from outside. The house must be reasonably clean so that it will let us rest and be happy for the next day. 

What do you think of working more hours than usual? Will you do it? Will you refuse to do that? 
Incase you have more paid work, what will you do to avoid extra spending?

Thursday, 20 April 2017

Ideas to pay off the mortgage faster

Dear Visitor, 
thanks for dropping by.
My mortgage is less than $100,000 from last year onwards. I was thinking of ways to pay it off faster. 
Turns out, there are few methods to think about.

First of all I asked my lender to make it bi-weekly. That was done couple of years before. Now, this month I asked them to increase my bi-weekly payments by 10%. (I believe you can make it up to 15% . Just ask your lender.)
I have an option to pay a lump sum of up to 15%  of the original mortgage amount. This payment will go directly towards the principal. The minimum amount of this annual lump sum is $100.

The next one is the option to double up your regular payment of principal and interest once a year. 

I used the lump sum payment  option  in 2015. Since 2016 was hard on us, we didn't do that.  This year I am going to do at least $100 towards the principal. 

Do you have any other ideas to pay off mortgage faster? Please share your mortgage stories with me.




Thursday, 13 April 2017

Upcycling An Old Sweatpant

Dear Visitor,
Thanks for dropping by.

The winter is finally over. Time to put away some winter clothes, right? 
the 100% polyester sweatpants was in my daughters pile to discard. I was thinking of using it for something. Finally, got an idea.
Actually there are two sudden ideas.


The pants was about to be thrown out. But, I was going to clean the flours first. There is my swiffer sweeper, with disposable dry wipes. I read it before about using fleece instead of the disposable dry wipes. 
I cut the end of the pants to make like a sock for the Swiffer sweeper. Not really working. 
So I opened it up to a rectangle. Now see the new re-usable swiffer wipe
There is this leg cuff part, I cut from the pants.
Lovely, right? I was thinking of making a cuff of sorts. Then cut the edge out. It was a doubled piece!!!
Opened it up to see how long it is. 
Suddenly, I got the idea to make a cozy for my oil bottle in the kitchen. The round glass bottle is always having oil on the outside. 
Now there is something to cover it. I want to see how long it will stay. The bottom is just tucked under the bottle. I didn't bother to sew. But, it is not wobbling the bottle.
Rest of the pants are going get cut into rectangles to be used as flour mops on Swiffer sweeper. I tried it already. It collects all the dust and hair. 
Want to make wet mops? don't worry, spray some soap water on the cloth, and it is good to go.

Have you ever up-cycled clothes? Recycled sweatpants especially? 

Friday, 7 April 2017

A DIY pedicure

Dear Visitor,
Thanks for dropping by.
Toronto seems to be under never ending winter.
What to do to tame the winter inertia? I thought a pedicure to myself will be great.

I didn't want to ruin my unexpected off day by going out to the saloon and spending money. After all, it is still cold and windy.
With a little thinking, and searching, I found the necessary things at home for pedicure.

A plastic basin, some sea salt, and a scrubber for foot: all I had at home.
Pour some hot water to the basin. Added a handful of sea salt. I put a bit of my shampoo also. 
Then soak the feet for about 30 minutes and was watching TV. Used the scrubber to scrub the feet to remove the hardened skin. Then used a towel to wipe off. Applied some lotion to the feet. I cut the nails, filed them. Then put some nail polish.
This will do for the cold weather. For today I have my happy feet and no extra spending.
Have you tried DIY pedicure? Do you have any other tips to share with me?