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Learning the Hard Way and Being Ready to Learn

T his is a column by regular contributor Clark. I’ve read that unless a person is ready to learn something, any advice offered is virtually useless. I say virtually because the advice makes the receiver aware that there is a different way to their present path (for better or worse – not all advice is good!). But, the knowledge…

Can British Petroleum (BP) Go Bankrupt?

W ith all the news these days about the oil spill, one has to wonder if BP will find a way out of the hole that they dug themselves into. It’ s difficult to estimate what the total cost of the spill will turn out as no one really knows how bad it will be when it’s all said…

The Importance of Paying Attention to Financial Statements

T his is a column by regular contributor Clark I’ll relate my experience to underscore the significance of paying attention to your finances – not just the saving and investing parts but also the all-important records of those money transfers/contributions. I contributed to my TFSA account for 2009 in May of that year and rested in content that I…

Are You Financially Sexy?

T he following guest post was written by Mike @ Green Panda Treehouse . All right, first off I must admit that I was inspired in great part by one of my blogger friends (J Money) for the title of my article. J writes for Budgets Are Sexy and I always thought it was such a great name for…

Best of Money Blogs 2010: Vote for Million Dollar Journey!

O ver the past few years, The Globe and Mail has held a voting event for the coveted title of the Best of Money Blogs. This year, Million Dollar Journey again has the honour of being nominated. The competition has been kind to us as we’ve reached the top 3 in all years that we’ve been nominated. If you…

Backing Up Your (Personal Finance) Data To The Cloud

R eaders would be aware of the significance of backing up their data. Personal finance is as much about saving and investing as it is about keeping proper records of progress or regress. Maintaining an excellent budget and/or net worth spreadsheet is only useful if it is available when needed. There are several files that may be of interest…

How Big is Your Financial Safety Net?

T he healthcare debate going on south of us has me thinking. I’m grateful that I’ll never be denied basic healthcare for a pre-existing condition. I’m thankful that no matter how sick anyone in my family gets, the choice to see a doctor or go to the emergency room, will never be a financial decision. In Canada we have…

5 Ways to Reduce Financial Clutter

1. Pick a bank, any bank I ’ll confess, we have too many bank accounts. Our main chequing account is at one bank. Our RESP s are at another. My RRSPs through work are with one financial institution and my husband’s are with another. It’s too many accounts! I often see worse. Many people I meet with have multiple…

Happy Holidays from Million Dollar Journey

H appy Holidays to you and your family! I hope that you are spending the day with those you care about most. We’ll be taking a little break from writing over the holiday, but we’ll be back on Dec 29th in full force. For you new (and regular) readers out there, here is our Million Dollar Journey User Guide…

Write for Million Dollar Journey

A little while back, I experimented in having new financial perspectives writing for MDJ. Namely Kathryn the Personal Finance Coach, Ed Rempel the CFP and CMA, and QCash the self made millionaire in his 30’s. I wasn’t sure how well the new voices would be received at the time, but the positive feedback has been overwhelming. Having a fresh…