the Wealthy Canadian

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Entries Tagged as 'Planning'

Carbon credits and personal finance

September 26th, 2007 · 1 Comment

While many may not consider environmentalism and carbon credits to be a personal finance issue, it is.
I have recently read a tale about two houses.  One was a sprawling mansion using 20 times the energy an average home uses.  The second was still a large home by most standards but also very ‘green’ and uses [...]

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Tags: General · Planning

What the heck is a FOREX?

September 18th, 2007 · 2 Comments

Whether you are an investor or a trader it is important to understand how global currencies can affect you. If you own all Canadian equities, the equities all rise but the Canadian dollar tanks, are you still doing well? Not really. If you want to travel or purchase any goods imported from outside Canada then [...]

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Tags: Economics · Forex · Planning

Reflect and improve.

September 14th, 2007 · No Comments

Imagine a company that is listed on the DJIA, has a monopoly on its business, includes the American government as a customer, and (best of all) consistently produces an annual return on invested capital of 30%.  That was the story of the Pacific Mail Steamship Company; for fifty years it was a great investment, until [...]

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Tags: General · Planning

Net Worth vs Cash Flow

September 4th, 2007 · 3 Comments

“I drive a Porsche and own a mansion in Rockcliffe.” “My goal is to be a millionaire!”
What is the benefit of having a lot of money? Probably so that you can afford to buy anything that you want. However, just because you’ve got a large net worth does not mean that you [...]

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Tags: Planning

LEANing towards your financial goals

September 3rd, 2007 · No Comments

I am an Engineer, I’ve worked in both manufacturing and development. As such I have studied trends regarding the best ways to development and/or manufacture widgets. In my mind the most powerful is the concept of Lean. Based on the Toyota Production Systems (and the lesser known Toyota Product Development System), Lean [...]

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Tags: Planning