## Rental Property Purchase Analyzer & Mortgage Calculator

 Rental Property Cash Flow Analysis

 Mortgage Calculator

### To change and adjust the values, go to:

\$
Rental Property Purchase Analyzer
\$
Mortgage Calculator

## Sunday, January 4, 2015

### 25k a year = 100k in 4 years

\$25,000 per year ------- \$2100 per month (\$70 per day)

\$701
+ \$702
+ \$703
-------------
\$2100

\$2100 x 12 = \$25,000 per year

2016 = \$25,000
2017 = \$25,000
2018 = \$25,000
2019 = \$25,000 ------------ \$100,000  per  4 years

2020 = \$125,000
2021 = \$150,000
2022 = \$175,000
2023 = \$200,000 ----------- \$200,000 after 8 years

2024 = \$225,000
2025 = \$250,000
2026 = \$275,000
2027 = \$300,000 ----------- \$300,000 after 12 years

2028 = \$325,000
2029 = \$350,000
2030 = \$375,000
2031 = \$400,000 ----------- \$400,000 after 16 years

TOTAL  after 16 years

\$400,000

(cost of house)

## Monday, December 23, 2013

### How to change primary paypal email address - full bank account number

Changing a primary email address in paypal is very important especially if your primary email is compromised or disabled.  This is the email address where transaction information is sent.  Unfortunately, Paypal has inaccurate terminologies regarding bank account numbers.

The message says that before changing your primary email address, the system wants to make sure that you are the owner of the account and thus it is asking your full bank account number.

The word "FULL" that was used is misleading and incorrect.  I have tried putting in the complete 5 digit branch code, the 3 digit institution code, and the 7 digit account number. This failed.

Next I tried to input only the branch code and the account number, it failed again.

I have to wait for one day for fear that after 3 attempts, the system might lock out my account.

So the next day, I just entered the 7 last digits of my account number, and lo, and behold, it is finally a success.

How to change primary Paypal email address:

2. My Account
3. Profile
6. Go to your new email and press to Confirm
7. In Paypal, My Account
8. Profile
10. Select the (confirmed) new email address
11. Confirm
12. After it is confirmed, select this new email address
13. Make Primary

* At this point, it will ask you to enter the "Full" bank account number"

14. Enter the last 7 digits of your bank account number

Note:

Some people said they have succeeded in putting just the last 6 numbers of their bank account.

Conclusion:

Paypal should define precise formatting of the required bank account numbers.

## Saturday, August 24, 2013

### Example of Authorization Letter to Withdraw & Deposit Money

Sample FINANCIAL AUTHORIZATION LETTER

24 Aug 2013

To: ABZ FAMILY BANK - Legaspi Branch

Re: Authority to Withdraw and Deposit Funds

Dear Sir/Ma’am:

This letter is to authorize Jane Smith to act on my behalf regarding my bank account number 1234-5678-90.

I am giving my authorization to the above mentioned representative to withdraw and deposit money while I am out of the Philippines.

Sincerely Yours,

signature

John Smith
234 Queen Rd.
Victoria, BC

## Sunday, December 16, 2012

- Save money regularly
- Setup your investment goals and financial objectives
- After your financial adviser understood your financial objectives and goals, he/she should come up with a printout that outlines your financial plan indicating your financial goals, current financial situation, personality, age, degree of conservativeness, level of aggressiveness, and risk tolerance.
- Your financial adviser should come up with an investment strategy and investment portfolio tailored according to your financial situation, preferences, risks levels, expectations, goals, plans, and objectives
- Ensure a regular automatic investment amount taken monthly, bi-weekly, or weekly debit from your bank account
- Diversify. This is an essential investment strategy as it allows a reasonable asset mix of the types of investment for your portfolio allowing you to compensate for loses as well as take advantage of substantial gains
- Contribute regularly to your Registered Retirement Savings Plan (RRSP) as its growth is sheltered from tax
- Ask for recommendations, solutions,  and strategy on how to meet and attain your financial goals and investment objectives
- Feel free, open and honestly bring out questions and concerns to your financial advisor and make sure you understand his or her answers, explanations, and solutions

## Saturday, December 15, 2012

### How to stay financially healthy and stable (Do's and Don'ts)

Do's:

- Pray. It takes away your worries.
- Take care of yourself and your loved ones. Health is wealth!
- Love your job. Once you found a great job, you enjoy it, and extremely happy with your work, stick to it unless you have a far better alternative and absolutely sure it's worth it
- Save money on a regular basis and set it up automatically by direct debit from your bank account
- Save extra money for sudden financial emergencies and contigencies
- Be insured. Get life insurance, home insurance, auto, car (vehicle) insurance, and other necessary insurances to ensure peace of your mind
- Fund a registered retirement savings account
- Eliminate your debts. The longer they stay, the more painful it is for you
- Prepare for the unexpected
- Buy only what you need
- Monitor and keep track of your income and expenses. Record daily expenditures so that you know exactly where your money is going
- Have only one credit card and keep your credit limit as low as possible
- Pay the full balances of all your credit cards to avoid those sky-rocketing interest rates which brutally rob you
- Pay your bills on time to maintain a good credit rating and excellent credit history
- Setup pre-authorized monthly debit to pay your bills and get rid of headaches and hassles
- Develop and implement an effective realistic monthly budget
- Set your financial goals on the short term (less than 5 years), intermediate (5-10 years) as well as long term (over 10 years) objectives
- Know your financial priorities. Avoid temptations
- Invest and diversify your investment portfolio
- Invest on things that appreciate in value over time (such as education, real state, property)
- Whenever you plan to loan or borrow money, make sure you have a working plan to repay it on time and thus minimizing interest rates and avoiding unwanted fees
- Seek the advise and help of financial advisers, counsellors, and financial experts
- Ensure that you have an up to date Will and Power of Attorney
- Do whatever it takes for the good of yourself, your family, relatives, community, country, and to the world. All good works will never bear bad fruit.

Don'ts:

- Don't cheat yourself and others
- Don't buy what you can't afford
- Don't spend more than you earn
- Don't use money set aside for something to use it for another thing. Never do this!
- Don't take it for granted. Avoid those "Buy now, pay later", "No payments 'til next year" schemes and traps
- Don't borrow from one creditor to pay another debt. Don't use a credit card (or withdraw cash advance) to pay another credit card company

*** :) ***

Relax. Time is your friend. Grow old gracefully with peace of mind! Enjoy the rewards of your hard labour throughout those years!!!

### How to diversify on the types of investments for your personal investment portfolio

Types of investments:

1. Cash investments
2. Fixed income investments
3. Equity investments

Cash investments

- ease of withdrawal whenever a need arises
- lower rate of return
- very little risk of losing

Examples of cash investments:

- GIC (Guaranteed investment certificate)
- Savings accounts
- T-bills (Treasury bills)
- Money market funds
- Money market mutual funds

Fixed income investments

- fixed rate of return on your investment
- lower investment risk
- generates a fixed amount of money for a certain amount of time (term)

Examples of Fixed income investments:

- Bonds
- Savings Bonds
- Government Bonds
- Mutual funds
- Fixed income mutual funds

Equity investments

- more risky than fixed income investments
- unpredictability of future growth
- although they are risky, equity investments have also the potential for bigger returns

Examples of equity investments:

- Local company or foreign stocks
- International stocks
- Global stocks
- Stock mutual funds
- Equity stocks
- Equity or Balanced mutual fund

How to diversify on the types of investments for your personal investment portfolio:

Investment strategy:
Diversification is the key. In order to diversify, you must have a balanced and correct mix of cash investments, fixed income investments, and equity investments so that you can achieve success on your financial goals. By diversifying, the potential gains from one type of investment will cover the probable loses of another type of investment. To learn more about how to diversify your investments and receive expert and professional advise, speak and discuss with your financial adviser.