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Blogger Profile


BuddhaMoneyLama

Blog Info

Name:
BuddhaMoney
Category:
General Finance
Tags:
Early Retirement, Investing
Start Year:
2016

Blogger Bio

Location:
British Columbia, Canada
Age:
50s
Race:
Unspecified
Gender:
Male
Life stage:
DIK (Dual Income, Kids)
Profession:
Writer
Fave $ Books:

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Latest Blog Posts

After reading an article about the upcoming Initial Public Offering (‘IPO’) of Roots Ltd., a Toronto based clothing company, Mermaid, a friend of mine, called to ask for my thoughts. She was familiar with the Roots brand, had shopped there over the years, and wanted to know if this beaver sporting Canadian retailer presents a good investment opportunity? So I checked it out. Chewy Bit ‘IPO’ refers to the first sale to the ...
Posted: Sep 18 2017 @ 10:01 PM
Back in July, I posted an article titled, The Danish Way of Wealth. The article was a hit, with readers sending me oodles of positive feedback. And included in the feedback were comments from a few kind souls who were born and raised in Denmark. Not being an expert on the home of Hans Christian Andersen, I invited one such friendly, bicycle loving soul, Carl, (who maintains his own personal finance ...
Posted: Sep 15 2017 @ 1:31 PM
About one year ago, my cell phone contract expired allowing me to upgrade my phone. At the urging of my totally plugged in teenage son, who threatened incessant ridiculing of me for using ancient technology, I upgraded from an iPhone 5c to an iPhone 6. Sure, I had the option of choosing the current model, the iPhone 7, which offered the latest and greatest tech improvements. But I couldn’t fathom ...
Posted: Sep 11 2017 @ 4:59 PM
Financial experts aren’t shy about telling you which way the wind will blow. Confident, at times brash, they broadcast insights into the future. Deliver crystal ball readings. And talk as if predictions and reality are one and the same. As if they KNOW what will happen tomorrow. How kind. How thoughtful. How generous. To play nice and share such valuable information. How, um, uh … wait a second here! Unless comic ...
Posted: Sep 07 2017 @ 4:46 PM
When my first born son turned 12 or 13 (I really don’t recall his exact age – frazzled parent brain the likely cause), I caved to his relentless requests for a cell phone. Invoking the enormous power of rationalization, I convinced myself that although a phone at his tweeny age is far from necessary, as a matter of convenience and safety it’s not a bad idea. As telecom companies continue to ...
Posted: Aug 29 2017 @ 11:51 AM
I know a woman named Lily. She lays awake nights worrying that her bed will soon be a makeshift cardboard box on the street. This despite financial wealth that would have the 99% salivating. Lily owns her own home, a comfortably sized condo in a luxury building. She has an investment portfolio worth north of $5 million bucks. Annual revenue generated from investments? A tidy $200,000 before taxes. Oh yeah, as ...
Posted: Aug 25 2017 @ 12:23 PM
My father-in-law retired from the practice of medicine a few years ago. During his fifty-year career, not only did he establish himself as a highly skilled and dedicated physician, he also displayed a head for numbers as they relate to investments. And because he was smart enough to enlist the aid of a savvy financial advisor, to plan for the future and nurture his investment portfolio, him and his wife ...
Posted: Aug 22 2017 @ 3:25 PM
I was fortunate to grow up in a middle class home with parents who cared for my needs and occasionally indulged my wants. The cost of stuff, what we could afford, the value of a budget, however, was rarely a topic of discussion. Was their approach right, in the sense of being helpful, in preparing me to responsibly manage my own finances, and maybe pass along a nugget or two to ...
Posted: Aug 18 2017 @ 2:58 PM
It’s rare for a pop culture show to get to the heart of a financial issue better than the vast majority of so-called financial experts. And at the beginning of the first episode of the Netflix show, Ozark, which revolves around a financial planner caught up in a money-laundering scheme gone bad, that’s exactly what happened. Now, I’m not here to tout the show (full disclosure: I’ve watched only one episode ...
Posted: Aug 15 2017 @ 12:10 PM
Looking to buy an 8 x 10 rug for our family room, I visited a local rug seller. Before doing so, I knew full well that the rug selling business has a bizarre business model: first, rugs are marked up by a ridiculous amount; then the merchant touts a ‘50% off sale’, ‘going out of business sale’, ‘liquidation sale’, ‘time sensitive once in a lifetime sale’ – any promotional tactic ...
Posted: Aug 11 2017 @ 3:34 PM

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