Money Fools, Ronnie, and #MoneyStories

I was saddened to read the passing of Ronnie Corbett, a noted English comedian and one half of the Two Ronnies. I grew up with his humor, and still enjoy watching the Two Ronnies skits on Youtube (look up Four Candles). Watching this show was very much a family event in our house (whereas my Mother refused to watch Monty Python with us, as it was much lower brow humor).

Ronnie Corbett

And it’s Good Night From Him

I suppose I could stay with tradition and write a swerve paragraph about financial planning, given it is April Fools Day, but given how things are going in the world, I can’t write anything that would sound implausible. The U.S. Elections seem to be ruining any attempt at ironic humor, as it is just flat-out Nuts!

I guess I could write a Debt is Good post, but no one would believe anything like that coming from me.

My Writings for Week Ending April 1st

I continue to work on my backlog of articles, and found a couple I could work with.

I suppose I am showing how paranoid I am about the financial world with Advice From a Rich Man, but if I knew how to make a bloody fortune, do you think I’d share that information? Not likely.

Advice from a Rich Man

“There was a fire at the main Inland Revenue office in London today, but it was put out before any serious good was done.” –The Two Ronnies

All Daddy really wants is the big piece of chicken, but the problem is there are too many Daddies out there trying to get that big piece of financial chicken.

Wanting the Big Piece of Chicken in the Financial World

“All those who believe in psychokinesis raise my right hand.” –The Two Ronnies

An After Easter Thought

Everything happens for a reason. Sometimes that reason is you are stupid and you make horrific choices. Stop doing that.

👇 For more great financial articles from this week click here 👇

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Michael James, inspired me to write another rant/commentary on the financial industry. He wrote about Mouths to Feed in the Financial Industry and it reminded me of a very funny monologue by Chris Rock: Bigger and Blacker (Amazon Link) about how Fathers don’t ask for much in life.

What does daddy get for his hard work? The big piece of chicken at dinner! My mamma would kill us if one of us ate the big piece of chicken by accident!

Daddy's piece of chicken

That is a BIG piece of Chicken

What does this have to do with the Financial System? Everybody in the financial system thinks they are Daddy, they all want the big piece of chicken.

  • Mutual Fund managers want you to pay the front-end, back-end and high MER fees because they are doing that much work to invest for you. That is a whole chicken, not just part of it.
  • Banks think they are the Daddy, just for taking care of your money. There are banks in Europe giving negative interest on your money (the money shrinks if you leave it in the bank).
  • Any Cell Phone Company (in Canada) is your Daddy, how much do you think their service really costs, but they are making sure you get quality service.
  • Internet Service Providers are plumbing, but they want a big piece of Chicken for the way they count your packets (and charge you if you use too many)

Let Daddy have that big financial piece of chicken? No way! They get enough, without taking the big piece of chicken too!

 Image courtesy of piyato. at FreeDigitalPhotos.net

 

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Advice from a Rich Man

Why don’t I trust advice infomercials about money, or better still alleged interviews about money on “news” shows? I think my overlaying point of view is a simple one (if not overly paranoid), that, if I knew how to make money (unfailingly) I wouldn’t tell anybody about it, until I couldn’t make any more money from it.

Financial Scam

Wonder if Fish Realize It’s a Scam?

Example, if I devised an algorithm that could beat the market every time, if I told a whole bunch of folks about it, I would then be competing with them and with the market. Unless (of course) my whole scheme was to manipulate the market, by having “dupes” buy the wrong thing.

Under the same reasoning as Groucho Marx’s line, “I would never join a club that would have me as a member” (I am paraphrasing), I cannot believe any “make money fast” scheme, because I think the real scheme is to get you to buy the scheme, not the scheme itself (and from what I can tell there is a lot of money in flogging stupid investing schemes to unsuspecting folk). I guess I am a, “glass is half full (of poison)” kind of guy when it comes to that kind of advice.

Any scheme that claims to be fool-proof, yet they are trying to fool you into buying it, seems to be the greatest dichotomy, isn’t it?

Image courtesy of Stuart Miles at FreeDigitalPhotos.net

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Easter is Here and some #MoneyStories

The season of Easter is here, time for you to restart, renew and reestablish things in your life. Being a religious type Christian person, this is what it is all about (Christmas is nice, but without Easter the whole Christianity thing doesn’t quite hold together). I hope you enjoy the time off (if you get time off) to reconnect with Family and friends. Please remember on the stewardship side of things, this time and Christmas are where the Church collects about 1/2 of their income (just saying).

Sugar kaboom

Remember that Lent is Over as Well, time to feast !

We had a budget this week, and many different bloggers have voiced their opinions on it, and it has a pretty hefty price tag too (reminiscent of Mr. Trudeau’s father), but I suppose there were a lot of things that were left undone, that need to get done. I will try to recap how it affects my life, didn’t see if there were any changes for parents of disabled children, but if you have kids, things will change (if you make less than $150K that is).

If you are more of a Chocolate Bunny Easter person, that is OK, you can still use the season as a good reason to restart your financial plans, or start them. The best time to start a financial plan is 5 years ago, however, the 2nd best time is now, get to it, call it your Easter Financial Plan.

 

Happy Easter

 

 

My Writings for Week Ending March 25th

I spent the week in Toronto enjoying the Ice Capades, OK, it was an ice storm, and it wasn’t something to be enjoyed either. There sure are a lot of condos down here too.

Stats Canada noted last week that Food Prices Continue to Rise especially in the area of fresh fruit and veggies. Gas prices seem to be moving back up, as are oil prices, so we shall see what happens with interest rates with this information (my guess is not much for now, however, remember the Canadian Dollar is recovering, and that might slow interest rates as well).

Food Prices Continue to Rise

It was my son’s birthday this week, and with that I revealed one of the reasons for The Origins of the Canadian Personal Finance Place. It hasn’t turned into the cash cow I had hoped, but it has been cathartic.

The Origins of the Canadian Personal Finance Place

An Easter Thought

Bunnies are cuddly
The large and the small
But I like chocolate ones
The best of them all.

👇🏾Click here for many more great financial articles 👇🏻

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The Origins of the Canadian Personal Finance Place

About 11 years ago I started writing this site, but today is the real reason behind why I started writing. Today is my son’s birthday, and if you have read through my RDSP section and a few other choice articles, you will know that it has been an “action packed” 11 years (to quote Ronnie Corbett).

Twitter Icon

When both of us were much younger

Initially I started writing to “make a few bucks” or as a “side hustle”, not because I had any great acumen when it came to money (as you have learned if you have read more than 3 of my articles). As we realized the challenges that Rhys (my son) was going to have in life, I kept hoping that writing about it, might allow us to give him the help he needed. So far, while this site does make a little extra money, it only helps a little (for now). My wife has taken a job, and we are doing the best we can (which is pretty good) to help my son as he grows up.

In terms of how to make money on-line I have had a lot of advice, which I may follow one day, however, I also feel that I don’t want to “sell out” for a few bucks. Robb Engen from Boomer and Echo did a very good talk on his goals (in terms of income) for that site, and he actually helped me feel less “slimy” for trying to make a buck on this site, so I thank him for that.

Will you suddenly see ads for Money Mart or other places plastered all over this site, in a word NO! However in the immortal words of one of my favourite 80’s wrestlers, “Everyone has a price”, but I somehow really doubt anyone would be willing to give me that kind of money.

 

 

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