Posts by Teacher Man
Book Review – More Than Cashflow: The Real Risks & Rewards of Profitable Real Estate Investing
I’ll be straight with you guys: Most real estate books suck. We get a lot of free books here at Y&T from people looking to get at the money in you all’s pockets. It’s not a bad strategy (one we shamelessly used to get plugs for our books), and it’s a nice perk if you’re…
Read MoreHow to Fight and Beat a Speeding Ticket In Canada
I tackle today’s topic with a hint of trepidation. After all, I’m basically advocating for people to not obey traffic laws. Before we get into how to most efficiently beat a traffic ticket I should make it clear that if you’re driving drunk, or extremely recklessly (re: 40km over) you deserve some serious punishment and…
Read MoreWhy I Went With My Manitoba Credit Union for My Mortgage
If you were following my adventures from earlier in the summer, you know that I was looking at re-upping my mortgage. The choice ultimately boiled down to a Big Six Bank that I have a couple of accounts with versus the Manitoba credit union I’ve banked with in some fashion since I got paid for…
Read MoreShould I Buy Mortgage Life Insurance?
“So I assume you’ll be wanting mortgage life insurance as well then?” And with these neat little phrase hundreds (if not thousands) of people instantly feel compelled to make an inefficient purchase (I won’t say “dumb”) every day. If you’re a shareholder of one of Canada’s major insurance companies or Big Six Banks then these…
Read MoreTax Deductions On Rental Property Income In Canada – Updated for 2017
After looking into real estate and if it was truly a viable option in Canada today, and then looking into whether I should go with a mortgage broker or bank, I decided that I had better understand some of the tax code associated with the income you get from being a landlord. I knew that…
Read MoreGiving RESPs as Baby Gifts
As my buddy put it the other day, “My Facebook newsfeed now consists entirely of wedding/engagement announcements and baby pictures.” Getting older kinda sucks Gen Y, what can we say. Friends having babies means friends inviting you to their infant children’s birthday parties. I have found that the best case scenario for these parties is…
Read MoreHow Two Teachers Plan to Reach Findpendence By 45 – Part 3
If you’ve been out enjoying the nice summer weather instead of reading our ramblings – shame on you. Fortunately you can still catch the first two parts of Mr. and Mrs. TM’s master plan, here and here. Building the Nest Egg Now that we have a general map of what our projected earnings and expenses…
Read MoreHow Two Teachers Plan to Reach Findpendence By 45 – Part 2
To view part 1 of this 3-part mini-series, click here. Spending – Keep It Simple Stupid Many personal finance authors sometimes make the mistake of focusing so intently on details that they miss explaining the forest on account of describing a few trees. So much of PF basically boils down to the classic axiom of…
Read MoreHow Two Teachers Plan to Reach Findpendence By 45 – Part 1
When I sat down to start writing on this topic I began to make my jot notes as I usually do for organization purposes (contrary to what you might think when you view the final product, at one point in my writing process there is some thought given to organization). When I finished jotting things…
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