Archive for November 2017

Interesting Stuff On The Web

 

Interesting stuff on the web is what I have read through out the week. I read a lot of articles and there is always a few that I feel is worth you reading. Often I have a different opinion than the articles I post on Interesting Stuff On The Web but they are all well written pieces. Here are the links. Enjoy !!

 

 

 

 

8 Countries Where $200K in Retirement Savings Will Last 30 Years/Investopedia  “Retiring abroad certainly has its benefits, such as cheaper healthcare, a refreshing change of scenery and a lower cost of living. That last detail is especially important for retirees who haven’t saved as much as they had hoped. Fortunately, there are a number of countries where you can retire comfortably with a smaller nest egg.”

The Bonfire Burns On /By John Mauldin   “Bonfires are fun to watch, but they eventually burn out. Human folly apparently doesn’t, so we just keep adding to the absurdities. The volume of daily economic lunacy that lights up my various devices is truly stunning, and it seems to be increasing.”

The Cost of Living in Panama/Route To RetireAs my long-time readers know, the Route to Retire family has decided to move to Panama in a couple years as part of our FIRE plans. I’ve also talked about how inexpensive it can be to retire to a place like this.”

Here’s all the money in the world, in one chart/Market Watch “Ever wonder how much money there is in the world?
The answer is complicated, which you might expect, but not because of the difficulty of tallying up all the rather large numbers. Rather, it’s more about which parameters are used to define “money.” 

10 Steps to Investing Success/Can I Retire Yet/Darrow Kirkpatrick “Here I’d like to show you the core investing principles I used. They’ve stood the test of time. They don’t require clairvoyance, luck, or genius. Instead, they rely on simplicity and statistics. These are the exact principles that helped me grow my portfolio and retire at age 50 with security and confidence. Here then are my top ten steps for investing success:”

Debt A Four Letter Word

 

This is a re-post From September 18. It is still current and I feel since Santa Clause is arriving soon and there is so many advertisement to buy and consume, I thought this re-post on debt was justified. Also a new report came out last week Canadian Households lead the world in term of debt

 

“Debt” A four letter word

My first Word of the week was Debt. I choose that word because it has the most direct impact on financial independents. There is good debt and bad debt, unfortunately most households have a lot of the bad consumer debt.
Canadians have never owed as much as they do now. Debt continues to grow at 3 times inflation and is rising at four percent year over year. The latest numbers from Statistic Canada indicate that household debt now stands at 167.8 per cent of disposable income, a record high. This suggests that, on average, Canadians owe $1.68 for every $1 of disposable income. Statistics Canada.

Another new survey by the Canadian payroll association suggests almost half of workers are living pay cheque to pay cheque due to soaring spending and debt levels. The poll found that 47 per cent of respondents said it would be difficult to meet their financial obligations if their pay cheque was delayed by even a single week. The survey, which polled 4,766 Canadian employees, also found that 35 per cent said they feel overwhelmed by their level of debt. For the first time, more respondents found mortgages the most difficult debt to pay down, with 32 per cent of respondents selecting this option compared to 23 per cent who cited credit card debt.

Some economist feel that household debt is okay as net worth has risen with the debt level. Other economist see a bigger problem as the very wealthy and investors have added to their net worth, where lower and middle income earners have fallen behind. It’s not just Canadian households debt that is high, there is the federal and provincial debt. When we do get a recession both provincial and national debt will explode higher. Check out the national and provincial debt clock.

The Canadian national debt clock shows, as a country what we owe, your share, debt per day, and per hour. It changes so fast I will give you the link here National Debt Clock 

The provincial debt clock shows what your province owes as well as your share Provincial Debt Clock

When we combine household, provincial, and federal debt, Canadians have a lot of a four letter word. “DEBT”

“Savings are a gift to the future, Debt is a burden on it”.

Ernest Hemingway Quote  “How did you go bankrupt?
Two ways. Gradually, then suddenly.”

Just For Fun !! World Debt Clock US Debt Clock