Gail Vaz-Oxlade to the rescue

We received some snow in Montreal today and the weather got a bit warmer. I went for a walk under the snow and I took some nice winter pictures. Montreal can turn real pretty under the snow. The pictures were mostly took at Lafontaine Park. I continue my walk downtown. I must admit, I cheat on my $100 food challenge by eating a Big Mac and a small fry. It was the most delicious Big Mac I ever tasted in my whole life.

I continue my walk downtown. I was cold so I stop by the Chapters.

And its when that I notice a new book by Gail Vaz-Oxlade. Or maybe its one of her book that been published a while ago. I don't know. I was happy to read Gail Vaz-Oxlade book because it was like a oh finally, someone with common sense! First of all, let's start with RRSP loan. I did pay off my RRSP loan not too long ago, remember?

Getting a RRSP loan was a complete mistake coming from my part. I did save massively on taxes on the year I took the loan, yes. It worth it because I was earning and I still earn today more than 40k a year, including dividend, salary and freelance. I earn a bit more than 40k a year, but because I do, I pay massive taxes, especially while living in Quebec province. Quebec government is only good at one thing: sucking the tax payers.

And I am seriously wondering why I am paying all those taxes for. I don't have access to a valuable health care system. Quebec education system is terribly poor. I mean, I completely understand the decision of Jacques Villeneuve for leaving Quebec province. Someone like Jacques Villeneuve, a so honorable personality, who always been true to himself, to is passion for the automobile sport, someone so loyal, authentic cannot be wrong. He needs to protect his fortune from Pauline Marois rats. I wish him all the best. A good education for his children and all the best in his projects. When come a time where taxation is too high and the quality of the services provided by the government is so low, individuals have to do what they need to do to protect themselves and their love ones. As a true Canadian, living in Montreal, in a Quebec province dominated by Pauline Marois et sa fameuse bande de caves.

Well you know, its no surprise that the good of the good ones wake up and have the courage to express themselves on a situation that is really not normal. The extreme arrogance of Pauline Marois is going to burn Quebec down on the long run. Its not normal to be living in the highest taxes place in North America. We are paying for what? For the future of a province who's selfish and hypocrite.

Ok, let's move on again on that RRSP loan thing. I was so extremely please to read in Gail book that she doesn't recommend to get enroll in a RRSP loan. The RRSP loan that I used to have represented a payment of $108 per month. This is quite some money! I am very glad to have it completely paid off. There's only one thing I found strange about Gail book, its when she talked about the interest of a student loan.

Gail said that the interest of a student loan is 2% + prime rate + 5%. Well, I may be lucky, but the interest of my student loan is less than 6%. So knowing its so low, I never care about owning money on my student loan. Especially knowing that I received a tax credit every year for it. Another interesting thing with Gail book is when she talked about the benefit of renting instead of owning. We share the exact same opinion on this one. Owning a house or a condo is ok when you are already a millionaire, but if not, if you cannot afford paying for your living out of your investment, how in the world are you going to be able to afford owning your own place. It make me laugh because the guy who laid off me in New Brunswick was the father of 2 young children, wasn't even married and had a house of his own with a mortgage on it. And the poor fool was having problem to make ends meet. Now that the organization is completely running out of money. I can only smile. First, you act like a fool, you have responsibilities, you take a big mortgage in a small town where the economy is at 0. Right there, I have my revenge.

My force is being able to understand more than you can even imagine. Getting a mortgage, paying the mortgage, the home insurance, the electricity and everything else that come with a home. I mean, you must understand me when I say that owning a home - and a fancy big one - is for people who are financially independent. Mortgage is a product that banks came with a long time ago so they could make money out of the middle class who are only living to own they very own place. BMO Bank of Montreal is making the big bucks on mortgages. Other banks too but it is particularly true with BMO Bank of Montreal. A mortgage won't bring any cash in to build the future of your portfolio. A mortgage = salvation and poverty.

The trick with the investment game is to come and elaborate the sexiest portfolio you can ever come with so little by little, the portfolio become a source of income and eventually, the income become more and more important. That way, you get in control of your life. Once you become financially independent, once you have enough to pay your minimum living expenses - no one else than you have control over your life. You can lose your job, get sick whatever else. No matter what happen, you are protected from everything bad that can come from the outside society.

Being independent financially is the key to an excessive and sexy freedom. With their reforms and new taxes, Quebec government of Pauline Marois is killing the dream. Individuals have become the milk cows of Quebec rich society. And not only the middle class, but also the millionaires like Jacques Villeneuve. No one should be paying the price. While facing oppression, the best thing to do is to fight back and leave. Personally, it wasn't a surprise for me when I read that Jacques Villeneuve was leaving Quebec. Quebeckers don't see clearly and don't have the judgement it take to build something good for themselves and their descendants. Quebec has become the land of perfect corruption. Just take my personal example. I am being insulted at work. I was giving a permanent status after spending 7 long months where I am.

Quebeckers are simply laughing in front of my pretty face. As a Canadian, I don't like Quebec province and I don't belong here. I will get revenge.