One of my REIT holdings has just declared a distribution of 1.90 cents per unit.
I have 17,000 units of it in my portfolio.
This means that I will be getting a windfall of $323.00 sometime in November.
Donald Trump's New Son-in-Law
So it seems that Donald Trump has gotten himself a son-in-law. And it looks like this son-in-law will get along very well with Donald as he himself comes from another major real estate family. See the article below to find out more:
IVANKA Trump has wed the son of another major New York area real estate family.
The daughter of Donald and Ivana Trump married Jared Kushner at Trump National Golf Club in Bedminster, New Jersey, on Sunday. The Orthodox Rabbi Haskel Lookstein performed the ceremony.
Trump, 27, is the co-host of Celebrity Apprentice, a vice president at her father's real estate company, and has a jewelry company.
The 28-year-old Kushner is publisher of The New York Observer and an executive at the Kushner Companies, which owns and manages commercial real estate and apartments.
Kushner's father was a prominent Democratic political donor who pleaded guilty to campaign and tax law violations.
Wedding guests included ex-New York Mayor Rudy Giuliani, Barbara Walters and actress Emmy Rossum. -- AP
IVANKA Trump has wed the son of another major New York area real estate family.
The daughter of Donald and Ivana Trump married Jared Kushner at Trump National Golf Club in Bedminster, New Jersey, on Sunday. The Orthodox Rabbi Haskel Lookstein performed the ceremony.
Trump, 27, is the co-host of Celebrity Apprentice, a vice president at her father's real estate company, and has a jewelry company.
The 28-year-old Kushner is publisher of The New York Observer and an executive at the Kushner Companies, which owns and manages commercial real estate and apartments.
Kushner's father was a prominent Democratic political donor who pleaded guilty to campaign and tax law violations.
Wedding guests included ex-New York Mayor Rudy Giuliani, Barbara Walters and actress Emmy Rossum. -- AP
Financial Freedom Art Gallery
There are days when I go a little eccentric and I just need to express myself through my blog. For those who are wondering where I got all these pictures from, you ought to check out Photofunia. It allows you to do really cool stuff with pictures that you upload.
Today I allowed myself to spend some money buying certain accessories for my house.
I was pretty happy with the results and I would say it was definitely money well spent. Looking at the stuff I bought makes me happy everytime I get home.
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Why You Should Quit Smoking
All smokers should quit smoking. Logically, I guess everyone knows the health reasons why. Today, I will like to show the financial aspect of smoking.
Smoking Raises Your Insurance Premiums
Insurance companies know that smokers have a higher risk of falling ill and perhaps dying young. This is not based on guess work but on actuarial studies where they study statistics and stuff. As such, a male in his 30s who is a smoker will pay a higher premium for insuring himself compared to another guy who is not a smoker.
Overall, this premiums might seem only slightly more but add it up over the years and it could amount to a tidy bit of money.
A Pack of Cigarettes Costs Like A Meal?
If you smoke a pack of cigarettes a day, you would be spending easily $5 over dollars per pack. This is good enough to pay for lunch or dinner!
Why would you want to spend an additional $5 a day when compounded over 30 days, that amounts to $150.
Over 12 months, it is equivalent to $1800!! That is easily half a month's pay for a graduate that just started working.
If you are in your twenties, just invest $150 a month at 8% returns and you will be amazed at how much money you will have when you retire.
Smoking Accessories
Smoking stinks. And I mean literally. That is why smokers often have to buy a pack of cool mints to suck on after they have had their fix so as to make their breath fresh.
This pack of cool mints again costs them $$$.
Read Related Articles:
1. Car Insurance Money Saving Tips
2. Leaving Assets for Future Generations
3. Independent Financial Advice
4. Health Equals Wealth
Smoking Raises Your Insurance Premiums
Insurance companies know that smokers have a higher risk of falling ill and perhaps dying young. This is not based on guess work but on actuarial studies where they study statistics and stuff. As such, a male in his 30s who is a smoker will pay a higher premium for insuring himself compared to another guy who is not a smoker.
Overall, this premiums might seem only slightly more but add it up over the years and it could amount to a tidy bit of money.
A Pack of Cigarettes Costs Like A Meal?
If you smoke a pack of cigarettes a day, you would be spending easily $5 over dollars per pack. This is good enough to pay for lunch or dinner!
Why would you want to spend an additional $5 a day when compounded over 30 days, that amounts to $150.
Over 12 months, it is equivalent to $1800!! That is easily half a month's pay for a graduate that just started working.
If you are in your twenties, just invest $150 a month at 8% returns and you will be amazed at how much money you will have when you retire.
Smoking Accessories
Smoking stinks. And I mean literally. That is why smokers often have to buy a pack of cool mints to suck on after they have had their fix so as to make their breath fresh.
This pack of cool mints again costs them $$$.
Read Related Articles:
1. Car Insurance Money Saving Tips
2. Leaving Assets for Future Generations
3. Independent Financial Advice
4. Health Equals Wealth
Where Did My Money Go Today?
Today, I tracked my spending for the entire family:
The total spending was $42.90
Meals Cost the Most
70% of the money spent today went into food. A breakdown as shown below
Breakfast (takeaway)= $2.70
Lunch (takeaway)= $8.00
Dinner at Ikea = $17.00
Snacks at Ikea = $2.00
Miscellaneous Items
30% of the money went into buying miscellaneous stuff and carparking
A Stool from Ikea = $9.90
Carparking at Ikea = $3.30
Read Related Articles:
1. Why People Buy the Stuff They Buy
2. Top 10 Money Saving Tips
3. Save Electricity, Save Money
4. Retire Young, Retire Rich
5. 3 Key Lessons from Rich Dad Poor Dad
The total spending was $42.90
Meals Cost the Most
70% of the money spent today went into food. A breakdown as shown below
Breakfast (takeaway)= $2.70
Lunch (takeaway)= $8.00
Dinner at Ikea = $17.00
Snacks at Ikea = $2.00
Miscellaneous Items
30% of the money went into buying miscellaneous stuff and carparking
A Stool from Ikea = $9.90
Carparking at Ikea = $3.30
Read Related Articles:
1. Why People Buy the Stuff They Buy
2. Top 10 Money Saving Tips
3. Save Electricity, Save Money
4. Retire Young, Retire Rich
5. 3 Key Lessons from Rich Dad Poor Dad
Why People Buy the Stuff They Buy
Choice Overload
I was walking along one of those huge supermarkets today when I made a few interesting observations.
There were a few elderly lady that were simply staring at 1001 different types of can food displayed on the ceiling high shelves.
All of them seemed to be deep in thought and had no idea which to buy. I was standing there and wondering what was going through their heads. What would make them choose one product over another?
Logic Versus Emotions : The Psychology of Buying
Can you remember what was the last item that you bought recently? Was it today? Good!
Now think about the thought processes that went through your head as you made the decision to buy that item.
I believe that certain factors compels us to buy something. However, I believe that LOGIC has nothing to do with it. When it comes to buying stuff, people are totally not logical. Even the most logical person that you know of will become illogical when it comes to spending his money.
I made another interesting observation:
Ever noticed that a 1.5 L bottle of softdrink is sold at say $1.40 while a 0.5L bottle is sold at $1.10 . One just has to pay 30cents more to get 3 times the amount of soft drink.
However, you will most probably find people choosing the 0.5L bottle as it is simply more convenient to carry around. This is especially so if they are not heading home straight and they're just looking for something to quench their thirst.
In the above example, we can clearly see that people buy things based on a host of factors and not based on price and value for money alone. It is what I would term the "psychology of buying".
It is my view that when it comes to buying, people often buy based on emotions and not on logic.
I hope to expand further on this post at some later date.
Read Related Articles:
1. Top 10 Money Saving Tips
2. Save Electricity, Save Money
3. Retire Young, Retire Rich
4. 3 Key Lessons from Rich Dad Poor Dad
I was walking along one of those huge supermarkets today when I made a few interesting observations.
There were a few elderly lady that were simply staring at 1001 different types of can food displayed on the ceiling high shelves.
All of them seemed to be deep in thought and had no idea which to buy. I was standing there and wondering what was going through their heads. What would make them choose one product over another?
Logic Versus Emotions : The Psychology of Buying
Can you remember what was the last item that you bought recently? Was it today? Good!
Now think about the thought processes that went through your head as you made the decision to buy that item.
I believe that certain factors compels us to buy something. However, I believe that LOGIC has nothing to do with it. When it comes to buying stuff, people are totally not logical. Even the most logical person that you know of will become illogical when it comes to spending his money.
I made another interesting observation:
Ever noticed that a 1.5 L bottle of softdrink is sold at say $1.40 while a 0.5L bottle is sold at $1.10 . One just has to pay 30cents more to get 3 times the amount of soft drink.
However, you will most probably find people choosing the 0.5L bottle as it is simply more convenient to carry around. This is especially so if they are not heading home straight and they're just looking for something to quench their thirst.
In the above example, we can clearly see that people buy things based on a host of factors and not based on price and value for money alone. It is what I would term the "psychology of buying".
It is my view that when it comes to buying, people often buy based on emotions and not on logic.
I hope to expand further on this post at some later date.
Read Related Articles:
1. Top 10 Money Saving Tips
2. Save Electricity, Save Money
3. Retire Young, Retire Rich
4. 3 Key Lessons from Rich Dad Poor Dad
How to Achieve Financial Freedom
Over the past one year, I have shared a lot on how one can become financially free. I think I have come to a point where it's difficult for a new reader to find a certain post.
The following are links on certain of my suggestions on how one can become financially free. I hope that you find them useful.
Introduction to Financial Freedom
The following are links on certain of my suggestions on how one can become financially free. I hope that you find them useful.
Introduction to Financial Freedom
- My Definition of Financial Freedom - a simple introduction on what I believe financial freedom is and my own personal goals.
- Financial Freedom Number - another method of determining how far you are away from financial freedom is by calculating this number.
- How to Calculate Your Networth - some people do not want to build up passive income and instead look to increase their overall networth. You can find out how much your networth is and compare it with mine.
- Are You Wealthy? - your networth alone might not give you a true picture of whether you are wealthy. The authors of The Millionaire Next Door came up with this method to determine whether you are truly wealthy.
Journey towards Financial Freedom
- Road to Financial Freedom - a 10 part mini-series on the ten steps you can take to kick start your very own journey.
- Four Steps to Financial Freedom - A simple 4 step guide to how anyone can achieve financial freedom
- Contemplative Thoughts - some of my very own personal thoughts on my journey. It also includes some useful articles from elsewhere. Most of them written when I was thinking of giving up.
Increasing Your Income
- Income Investing - a 5 part series on the various investment tools that you can use to increase your passive income.
- Investing in Canadian Royalty Trusts - a short article on what Canroys are and how one can invest in them.
- True Potential of Passive Income - an article off the web that discusses the true potential of passive income
Saving Money
- Top 10 Money Saving Tips - a simple post on how to save money.
- 2 Easy Steps to Build An Emergency Fund - a simple two step strategy one can take to save up for that rainy day.
Other Useful Articles
- 3 Key Lessons From Rich Dad, Poor Dad - a post on three simple lessons I learnt from Rich Dad Poor Dad
- Lessons from Donald Trump - a post on some of the lessons I have learnt from Donald Trump
- Conversation With A Millionaire - my very own conversation with a self made millionaire who is only in his 30s
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