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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Kept one debt below recent increase levels. NT

Postby RICKLEE » Mon Jun 08, 2009 3:09 pm

NT
RICKLEE

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RICKLEE
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Researched MERs of a mutual fund I own..

Postby RICKLEE » Mon Jun 08, 2009 3:10 pm

I think it is below average in cost, but is there a better way?

I looked at the main portfolio and I am starting to evaluate these companies.
RICKLEE

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RICKLEE
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Cancelled unused Cell Phone number..

Postby RICKLEE » Tue Jun 09, 2009 7:59 am

..after years of having a great and memorable phone number for my wife, she no longer had use for it.

I was reluctant to lose the number since it was so easy to remember. But I was paying a standby charge per month which was unavoidable. So, today I cancelled it and put it back into "The Matrix".

Savings: $11 per month.
RICKLEE

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RICKLEE
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Disputed 3 month old charge on my Amex..

Postby RICKLEE » Tue Jun 09, 2009 8:00 am

..for $226 for Fido accessories which should not have been charged to begin with, as I was using points to purchase the accessories.

And, I did not even get the accessories. So, double whammy.

Amex will investigate.
RICKLEE

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RICKLEE
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Updated family balance sheet..nt

Postby RICKLEE » Wed Jun 10, 2009 3:56 am

nt
RICKLEE

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RICKLEE
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Paid down $350 on RYLC debt leaving $83,600 NT

Postby RICKLEE » Wed Jun 10, 2009 3:56 am

NT
RICKLEE

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RICKLEE
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Listened to Charles Brandes, Value Investor, for 1 hr..

Postby RICKLEE » Wed Jun 10, 2009 3:57 am

..good guy. Glad we're partnering with him.
RICKLEE

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RICKLEE
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Found great source of Benjamin Graham materials..

Postby RICKLEE » Wed Jun 10, 2009 3:58 am

..proudly Canadian!

www.bengrahaminvesting.ca
RICKLEE

sandi_k
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Postby sandi_k » Wed Jun 10, 2009 9:09 am

Rick, what does "NT" mean?

Sandi

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RICKLEE
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NT means No Text...no further info in body of message...

Postby RICKLEE » Thu Jun 11, 2009 3:45 am

..hope that helps! :D
RICKLEE

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RICKLEE
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Updated family Balance Sheet NT

Postby RICKLEE » Thu Jun 11, 2009 3:46 am

nt
RICKLEE

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RICKLEE
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Worked out + read Benjamin Graham's Intelligent Investor..

Postby RICKLEE » Thu Jun 11, 2009 3:47 am

..his 2 company comparison chapter is very instructive into his analysis of stocks. The book is great!
RICKLEE

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RICKLEE
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Listed an item on eBay..

Postby RICKLEE » Thu Jun 11, 2009 3:49 am

..still have about 20+ pcs in stock.

Part of my 2009 goal to address business slow moving inventory.

Retail is tough! :shock:
RICKLEE

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RICKLEE
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Paid down $100 on TDLC debt leaving $9500 NT

Postby RICKLEE » Thu Jun 11, 2009 3:50 am

nt
RICKLEE

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Asked my mentor why he uses a Trust..

Postby RICKLEE » Thu Jun 11, 2009 3:55 am

..he mentioned he bought a house for his daughter and put it in a Trust.

I asked him after the session, why put it in a trust?

He said, in case he ever got sued, the asset would not belong to him. It belongs to the Trust. They cannot get at it. The beneficiary is his daughter.

I was surprised and delighted at the sound thinking regarding such a large asset. I asked him "so can you put other things in the trust?". He smiled and said he puts almost everything in a trust.

That's what rich people do. That's what I will do. I will call my lawyer about setting up a Trust for my daughter.
RICKLEE


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