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?