Ricklee's Wealth Journal

New! Use this space to post your goals, accomplishments, and setbacks on your path to get rich slowly. Others can read about your situation, and provide critiques and motivation. Look here to find somebody who has experienced a situation similar to yours!

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RICKLEE
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Worked Out Today. Light Day. (NT)

Postby RICKLEE » Thu May 28, 2009 8:18 am

NT
RICKLEE

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RICKLEE
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Paid $1000 off TDLC debt, leaving $9800 (NT)

Postby RICKLEE » Thu May 28, 2009 8:21 am

NT
RICKLEE

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RICKLEE
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The power of Asking..

Postby RICKLEE » Thu May 28, 2009 8:26 am

..it has been a long-held principle that successful people know how to ask for what they want.

Today I tried to apply it. Was at Starbucks. Ordered a coffee. Noticed my favorite choice, a croissant, was sold out.

Me: "I noticed you're out of my favorite croissants. What kind of free sample can you give me?"

Cashier: "Hmm...I can give you..(looks inside)..a rice krispy square".

Me: (hiding my delight)...hmm...that's the hardest one to eat. How about a lemon cake?"

Cashier: "Well...okay! (puts lemon cake on a plate and hands it to me)"

Me: "I love you...thank you!"

I'm now eating my delicious free lemon cake. :D
RICKLEE

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RICKLEE
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Comparing Brokerages..Questrade Seems #1 so far..(nt)

Postby RICKLEE » Thu May 28, 2009 1:21 pm

nt
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RICKLEE
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Updated family balance sheet (nt)

Postby RICKLEE » Fri May 29, 2009 4:00 am

nt
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RICKLEE
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Applied for PC Interest Plus savings account..

Postby RICKLEE » Fri May 29, 2009 4:01 am

..for higher interest rate plus anniversary interest.

Will move regular savings dollars into this account immediately.
RICKLEE

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RICKLEE
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Broke ground on new business website..

Postby RICKLEE » Fri May 29, 2009 4:04 am

..using bigpixie dot com for now.
RICKLEE

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RICKLEE
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Lowered monthly internet charges..

Postby RICKLEE » Fri May 29, 2009 8:52 am

Noticed an increase in charges last month.

Step 1: Identified source of charge - see my private, personal blog and excel sheet for details.
Step 2: Called internet company for explanation of increase.
Step 3: Negotiated for discount.

Result: Saving $5 per location per month, with greater internet speed than before.
RICKLEE

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RICKLEE
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Put $200 in new savings account...

Postby RICKLEE » Fri May 29, 2009 2:21 pm

...the remainder will be transferred at month-end.

Just wanted to take immediate action and fund the thing.

Need to think of a purpose for this account. :?:
RICKLEE

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RICKLEE
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Booked my appointment to increase RESP contributions.

Postby RICKLEE » Fri May 29, 2009 2:57 pm

Will finally get the maximum contribution established.

Want to go retroactive as far back as possible and catch up.

The business case is compelling:

Canadians can contribute up to $2500 per year (up from $2000) to get the CESG. Absolute annual limits are $5000, going beyond CESG eligibility.

Government adds in 20% of my contribution.

Based on my current contribution level, the fund will completely receive CESG (Canada Education Savings Grant) moneys available, after 18 years.

If I increase my contribution level to $2500 per year, the period needed drops to midway through the 14th year.

The benefits of doing so:
1. Earlier capture of free money = in case government cancels the program
2. Earlier period of accumulation of tax-avoided growth.
3. Should future governments provide for additional CESG and/or expansion of limits, such higher levels will be easier to reach.
RICKLEE

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RICKLEE
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Paid down RYLC $700 leaving $83,900 (NT)

Postby RICKLEE » Sat May 30, 2009 5:07 am

NT
RICKLEE

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RICKLEE
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Spent 2 hours researching companies for investing..

Postby RICKLEE » Sat May 30, 2009 5:12 am

..using TD Waterhouse recognia. Criteria:
- strong return on equity
- consistent dividend
- rising Earnings

I want to get into a quality company in the next 30 days, if the entry price is right.
RICKLEE

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RICKLEE
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Studied Fortune Magazine's latest "500" edition...

Postby RICKLEE » Sat May 30, 2009 5:13 am

...good articles re Warren Buffet's favorite money centred bank, Wells Fargo.

...did not buy it, but I will. Got called out of Chapters suddenly.
RICKLEE

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RICKLEE
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Glad I'm back into Toronto Index..

Postby RICKLEE » Sat May 30, 2009 5:19 am

..since May 5, 2009. Up 3%.

..better than cash this period.

Charts looking like there's lots of upward room to reach next resistance 11200 for TSX (GSPTSE).
RICKLEE

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RICKLEE
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Celebrating an important anniversary this weekend...

Postby RICKLEE » Sat May 30, 2009 5:21 am

...gonna act like dinks, for just a day or so. :D

Hope we don't miss the little one too badly!
RICKLEE


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