Comments on: Interview with Margot Bai – Part II http://www.canadiancapitalist.com/interview-with-margot-bai-part-ii/ Helping you invest and prosper Sun, 12 Feb 2012 00:54:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Nancy http://www.canadiancapitalist.com/interview-with-margot-bai-part-ii/#comment-219011 Nancy Sat, 08 May 2010 18:30:35 +0000 http://www.canadiancapitalist.com/2007/02/06/interview-with-margot-bai-part-ii#comment-219011 The concept of "saving money" is easier said than done for most people. I understand that it is 'easy and logical' for some people, but I also understand it can be a difficult habit to break for others. If you're looking to save money or change your lifestyle, my advice is to take it in "baby-steps" because it won't happen overnight. Here are some tips that helped me out. 1. Always pay more than the minimum on any credit card payments - if you don't believe me you can calculate it for yourself (<a href="http://www.csgnetwork.com/creditcardmincalc.html" rel="nofollow">http://www.csgnetwork.com/creditcardmincalc.html</a>) 2. Use coupons when grocery shopping 3. Try online shopping - it's saves on gas & they have bigger markdowns (<a href="http://www.shoptivity.com" rel="nofollow">http://www.shoptivity.com</a>) 4. Read a book - it's cheaper than going to a movie (<a href="http://onlinebooks.library.upenn.edu/" rel="nofollow">http://onlinebooks.library.upenn.edu/</a>) 5. Know your budget! (<a href="https://www.dl.ed.gov/borrower/BudgetCalculator.do" rel="nofollow">https://www.dl.ed.gov/borrower/BudgetCalculator.do</a>) Good luck and happy savings! The concept of “saving money” is easier said than done for most people. I understand that it is ‘easy and logical’ for some people, but I also understand it can be a difficult habit to break for others.

If you’re looking to save money or change your lifestyle, my advice is to take it in “baby-steps” because it won’t happen overnight. Here are some tips that helped me out.

1. Always pay more than the minimum on any credit card payments – if you don’t believe me you can calculate it for yourself (http://www.csgnetwork.com/creditcardmincalc.html)
2. Use coupons when grocery shopping
3. Try online shopping – it’s saves on gas & they have bigger markdowns (http://www.shoptivity.com)
4. Read a book – it’s cheaper than going to a movie (http://onlinebooks.library.upenn.edu/)
5. Know your budget! (https://www.dl.ed.gov/borrower/BudgetCalculator.do)

Good luck and happy savings!

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/interview-with-margot-bai-part-ii/#comment-19866 Canadian Capitalist Thu, 08 Feb 2007 02:51:16 +0000 http://www.canadiancapitalist.com/2007/02/06/interview-with-margot-bai-part-ii#comment-19866 There was a bit of misunderstanding the last time I picked a winner, so I'll explain how I picked the winners. I use the random number generator from random.org to generate two random numbers between 1 and 94. If one of them is invalid, I'll pick randomly again till I have a winner. This time, the random number generator picked #64 and #53. Congratulations Patricia and Bob. I'll contact you via the email address you have provided. There was a bit of misunderstanding the last time I picked a winner, so I’ll explain how I picked the winners. I use the random number generator from random.org to generate two random numbers between 1 and 94. If one of them is invalid, I’ll pick randomly again till I have a winner.

This time, the random number generator picked #64 and #53. Congratulations Patricia and Bob. I’ll contact you via the email address you have provided.

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/interview-with-margot-bai-part-ii/#comment-19861 Canadian Capitalist Thu, 08 Feb 2007 01:57:27 +0000 http://www.canadiancapitalist.com/2007/02/06/interview-with-margot-bai-part-ii#comment-19861 The giveaway is now closed. The winners will be announced shortly. The giveaway is now closed. The winners will be announced shortly.

]]> By: anjo http://www.canadiancapitalist.com/interview-with-margot-bai-part-ii/#comment-19860 anjo Thu, 08 Feb 2007 01:43:59 +0000 http://www.canadiancapitalist.com/2007/02/06/interview-with-margot-bai-part-ii#comment-19860 CC, please include me in the draw for this book. Sounds like another good one. CC, please include me in the draw for this book. Sounds like another good one.

]]> By: karen v http://www.canadiancapitalist.com/interview-with-margot-bai-part-ii/#comment-19858 karen v Thu, 08 Feb 2007 00:56:58 +0000 http://www.canadiancapitalist.com/2007/02/06/interview-with-margot-bai-part-ii#comment-19858 Count me in. Count me in.

]]> By: hepman http://www.canadiancapitalist.com/interview-with-margot-bai-part-ii/#comment-19857 hepman Thu, 08 Feb 2007 00:55:43 +0000 http://www.canadiancapitalist.com/2007/02/06/interview-with-margot-bai-part-ii#comment-19857 Everytime you give a book away you get more entries! Everytime you give a book away you get more entries!

]]> By: Karen Waddell http://www.canadiancapitalist.com/interview-with-margot-bai-part-ii/#comment-19856 Karen Waddell Thu, 08 Feb 2007 00:40:58 +0000 http://www.canadiancapitalist.com/2007/02/06/interview-with-margot-bai-part-ii#comment-19856 Sounds like a great read!! Sounds like a great read!!

]]> By: Chris http://www.canadiancapitalist.com/interview-with-margot-bai-part-ii/#comment-19850 Chris Thu, 08 Feb 2007 00:11:15 +0000 http://www.canadiancapitalist.com/2007/02/06/interview-with-margot-bai-part-ii#comment-19850 Just a thought about fund managers being paid for performance. Although the MER stays the same no matter how well the fund does, people tend to buy funds based on past performance. If the fund performs well, more people tend to buy it thus increasing the overall assets and hence the management fees and hence rewarding the fund managers. That said, I don't buy mutual funds and tend to go for the market sector based ETF approach (plus a small percentage of the portfolio dedicated to fun stocks). I'd really like to read this book and living in Quebec, it'll probably be awhile before my local library buys it. Just a thought about fund managers being paid for performance.

Although the MER stays the same no matter how well the fund does, people tend to buy funds based on past performance. If the fund performs well, more people tend to buy it thus increasing the overall assets and hence the management fees and hence rewarding the fund managers.

That said, I don’t buy mutual funds and tend to go for the market sector based ETF approach (plus a small percentage of the portfolio dedicated to fun stocks).

I’d really like to read this book and living in Quebec, it’ll probably be awhile before my local library buys it.

]]> By: Julien R. http://www.canadiancapitalist.com/interview-with-margot-bai-part-ii/#comment-19849 Julien R. Thu, 08 Feb 2007 00:03:41 +0000 http://www.canadiancapitalist.com/2007/02/06/interview-with-margot-bai-part-ii#comment-19849 Cheers from another Canadian Capitalist in NL! Cheers from another Canadian Capitalist in NL!

]]> By: Dave http://www.canadiancapitalist.com/interview-with-margot-bai-part-ii/#comment-19846 Dave Wed, 07 Feb 2007 22:42:05 +0000 http://www.canadiancapitalist.com/2007/02/06/interview-with-margot-bai-part-ii#comment-19846 Great site. My philosophy is 1. Automatic transfers from your pay cheque to buy ETF's or low cost index funds. RRSP unless you have a great pension plan. 2. Choose an asset allocation appropriate for you and stick to it. 3. Other than mortgages, avoid non-deductible interest like the plague. 4. Buy high quality goods and use them until they self destruct. 5. Take 2 vacations a year with all the money you make from #1 Great site.

My philosophy is

1. Automatic transfers from your pay cheque to buy ETF’s or low cost index funds. RRSP unless you have a great pension plan.

2. Choose an asset allocation appropriate for you and stick to it.

3. Other than mortgages, avoid non-deductible interest like the plague.

4. Buy high quality goods and use them until they self destruct.

5. Take 2 vacations a year with all the money
you make from #1

]]>