Seven Reasons for Renting over Buying

House | Source: Noa_Schek on FlickrYesterday, I was in my local public library, and I picked up a magazine focused on the local  real estate market. One of the articles was written by a couple who had recently sold their house in the city and started renting again. They claim that life has never been better. I devoured the rest of the article with rapt attention. I’ve been renting in the city for years now, ever since I moved here, as the Toronto housing market just seems unattainably expensive. But I’ve always had that nagging itch to buy and to own, to not have to deal with irresponsible landlords and leases. The article, though, reminded me of a lot of the good reasons to rent…
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Stop Price Shopping for Groceries Now!

Groceries | Source: mjb84 on FlickrAs people find increasing opportunities to be frugal, I hear more and more stories about people who advocate price shopping when it comes time to buy anything. What do I mean by price shopping? I mean shopping at the place that offers the product you want at the lowest price. In some cases, where you are making a one-time purchase such as an electronic device, this can make sense. But, in the case of buying groceries, going to multiple grocery stores to take advantage of sales on different items is a complete waste of time and resources.

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Why I’m Quitting My PhD – An Economic Argument

Big Red X Over a Degree and Graduation CapMeet Jill. Jill has a Master’s degree, works an average job and makes $60,000/year. She is loyal to her company, and they reward her with an annual average increase of 3%/year over the course of her 30 year career. Jill is a diligent saver, and every year saves 20% of her gross income. Over the course of 30 years, through financial up and downs, she earns an average 5% annual return. At the end of a 30 year career, Jill has a retirement portfolio valued at $1.14 million dollars.

Meet Sarah. Sarah is a PhD student at a Canadian university. She is funded and receives $20,000/year over the course of her 5 year degree. Because she is essentially making minimum wage and just barely supporting herself, she doesn’t accumulate any significant savings. Continue reading

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