Want to Destroy Your Wealth? Here are 10 of the Best Ways to Go About It

Want to Destroy Your Wealth? Here are 10 of the Best Ways to Go About ItIt was my worst financial mistake and left me in what seemed like massive debt at 18. Surprise, the problem started with a credit card. A teenager with a $1,500 credit limit in 1982 and on vacation with friends in New York City is trouble. (I was working part-time as a bank teller, which facilitated my ability to get credit at the time.) So what happened? Strangely enough it wasn’t Manhattan that…

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The Way Millionaires View Money Is Different From Everyone Else

The Way Millionaires View Money Is Different From Everyone ElseDoesn’t it seem like the rich keep getting richer while the middle class is stuck in the same old spot? Economic inequality is a hot topic right now, and many people go as far as accusing the wealthy of having some sort of unfair advantage. Those are easy accusations to make, and they resonate well with some people. But the truth is, there are no unfair advantages. Everyone has the…

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Taxing the Rich

Taxing the RichA reader of this blog, Chris, posed the following thoughtful question: What do you think the implications would be if Canada were to implement more tax brackets? For example, if federal tax tiers were added at $200k and $300k with a federal rate of say 33% and 37% respectively? I’m not sure why the government hasn’t gone in this direction because the majority of voters are not anywhere near these…

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