Category Archives for "Finance"

As readers of this blog will already know, I am not much of a believer in life insurance–it’s costly and its financial returns are low. Still, if you have a family to take care of and debts to pay (like, say, mortgage balances), term insurance might be a better choice. For a healthy non-smoker in […]

The city of Ottawa has an ambitious goal–to craft an official plan (OP) that is suited to a modern 21st century economy and get buy-in from the community for something that is substantially different from anything that has gone before… Not an easy task. As part of this effort, I was tasked, as host and […]

Young clients of mine refused to meet with me last week to learn about how they could rent a house for free or close to free (via an augmented tenancy) and they said, “No we just want to rent!” No wonder they’re poor. Are they stupid for saying this? Maybe. But I think not… it’s […]

Here’s an excerpt from a book I wrote (Jenna’s Story, https://brucemfirestone.com/product/jennas-story/) in which Jenna McConnell launches into a diatribe on how stupid zoning regulations help the top .01% (which she calls “Big Mules” or “Equity Lords”) control almost all the levers of political and economic power. Jenna is from South Carolina and proudly speaks like […]

Try this: reduce your amortization period from 35 years to 30, from 30 to 25, from 25 to 20, even down to 11 years if you can afford it pay your mortgage every two weeks (not twice a month)—you’ll make 26 payments a year instead of 24 rent out a room on Airbnb or other […]

If you talk to many developers like I do, the answer to this question is often, “No one” or “Not many.” I disagree. Market segments which need the extra income or space include: -seniors who need extra income for their retirement-millennials who need extra income to help pay their mortgages -investors who need higher cap […]