Still no part-time job yet

I am so disappointed, I didn't find a part-time job yet and I am in need of one now. I went to a Linkin Park concert at the Bell Centre on February 22. I gave 40$ to my friend for the ticket, but to that 40 bucks, add money for beer(s), a t-shirt at 35$, and 10$ for stickers… At the end, it do cost a lot, and I gave 1 000$ this month to pay on my credit card. It’s a good thing I don’t go out too much often, it do cost a lot. I am just thinking about my New Year Eve, when I finish the night in an hotel room with the same friend because we couldn’t find a taxi….. or were too … to find one…….. “Taxi, taxi, we need a taxi….”, that’s the way I call for a taxi when I am … But the taxi never come, so we had to find a hotel room, which was easier to find than a taxi…lol!

My 1 000$ check for my credit card, had been taked. I had to say bye bye to a 1 000$. I have been with that debt for a long time now so it was about time I get serious about getting out of credit card debt.

I should be ok to get another 1 000$ on my next pay check. I just hope things will remain the same for the next 2 months. I really want to pay off that credit card debt for goods. But what appear difficult for me now is to remain debt free. Once that credit card is pay off, my student loan will remain. That one doesn’t bother me that much. There was a period of time, was before I start blogging, were I pay 1 000$ per month on my student loan. I did so for about 6 months. Which shortly after I invest in my first fund, Fidelity Frontière Nord. I know I can stay debt free, I just have to stay focus.

My search for a part-time job continues. I had found some part-time job; it could have work out if not of my work schedule. I didn’t really try that hard to find a part time job. I am going to look more seriously this evening. And than, I hope it will work out. I was thinking maybe just work on Saturday and Sunday. During weekdays, my shift at work only begins at 3 pm.

I am off today from my job, but I sleep most of the day. I begin my day at 3 pm, and I have a funny taught, I would like to invest 500$ in the CIBC Monthly Income Fund, non RRSP of course, I don’t want the nightmare to continue… (see previous post “RRSP nightmare” )

My TD 2007 RRSP Portfolio: the best of the best

I was so proud of myself to get what I wanted from TD. I follow day by day the performance of my TD 2007 RRSP portfolio. What I call portfolio is a mix of the following mutual funds:

TD Entertainment & Communications
TD U.S. Mid-Cap Growth
TD Latin American Growth
TD Precious Metals
TD Dividend Growth
TD Monthly Income
TD Canadian Bond
TD Emerging Markets
TD Energy

I wasn’t able to get those right away, but at the end, I finally got what I wanted and I was quite lucky, knowing just the little money I had invest in each of those funds (100$ initial investment in each, except for the TD Dividend Growth in which I invest 200$).

Since January 2008, the month I made my initial investment, the overall portfolio didn’t do so badly, it went down to 996$ once, and now, in date of yesterday, it’s up to a super 1 012.13$!!!

For me who like mutual funds that much, I find it very hard to pay out my credit debt instead of investing in mutual funds. I would like to have a similar portfolio in non RRSP. If I was able to get it once, I should be able to get it twice. Even outside RRSP investment, the minimum investment is only of 100$ per mutual funds. Which I wonder why, because it’s the only bank I think who ask for an as low minimum. And knowing what kind of funds have TD, I just find it great that someone can invest as low as 100$ in any of their best funds.

Missing 18 000$ to reach my first 50 000$: can I make it this year?

If I want to reach my first 50 000$ this year, I will have to save an average of 1 500$ per month, which I find quite difficult to do, since for now I have to work 50 hours each week to receive bi-weekly a 1 000$ paycheck. Unfortunately for me, I cannot live on 500$ monthly. My average expenses for a month is about 1 200$. So I am currently able to save something like 800$ per month for now, with the one and only job I have. I now only have one job.

Starting from next week, I will have a regular schedule, which I ask for a long time ago. I am supposed to get a regular schedule, with weekend off. It will make it much easier to get another job, a part-time one. I was also thinking about trying to make money from Internet. I try it before, but it didn’t work out. But I can’t say that I really try.

To be able to save 1 500$ per month, I will need to have a monthly income of 2 700$ per month, which is not impossible and it’s quite realizable to make an extra 700$ by having a second job.

But the problem is that we are almost at the end of February, and I know I won’t be able to save this month, March and April that much. I ma trying to pay that 2 381.17$ debt I have in credit card. I paid 1 000$ this week, I will pay 1 000$ in March and in April, I will pay the rest, which should be around of 400$ or so…. It’s even more difficult to save because of this credit card debt, but fortunately, it’s not a major credit card debt.

It will be quite difficult to reach my first 50 000$ this year, but it’s not impossible. First step is to find a part-time job as quickly as possible.

About the CIBC Emerging Markets Index Fund

I had invested 500$ at the end of January and ever since them, I just keep making money on that fund. At the date of January 22, I had 501.75$; January 23: 502.38$; January 28: 518.22$; February 1st: 505.94$; and February 15: 523.54$. In less than 2 months, I made 23.54$ with the fund, which is very good, considering the market crisis we are currently on.

Things are not so bad, but I still didn’t recover from the money lost in January. I had lost the amount of the initial investment for many funds.

I just keep thinking of what would have happen if only I could have invest about 10 000$ or more in the CIBC Emerging Markets Index Fund, instead of 500$. I would have made 470.20$. And than I keep thinking of why didn’t I invest more…. One thing I would like to do is to invest 10 000$ a little bit around, keep the money in the fund for the minimal period without getting any penalties, which is I believe 60 or 90 days, but I will have to verify that, and than, as soon as I begin to make money in the fund, sale my parts, all of them, and continue like that to invest for short period only… If I want to invest that way, I know I will probably tell to buy stocks and sell them whenever I want, but I still prefer mutual funds at this time.

When it will get to point where I will notice I have a lot of money, which will probably be when I will reach my first 50 000$, I than probably buy my first stocks. I don’t know how to proceed to buy and sell stocks.

I hit the magic 1 000$ on my pay check....

I work 100 hours in 2 weeks, but it had worth it, I just receive a little bit more than 1 000$ as pay and I really appreciate it. I am going to be able to pay 1 000$ on my credit card. After what I will only have left 1 300$ to pay. I plan to pay another 1 000$ next month, and the other month, 300$. In another 2 months, I will be done with this credit card debt. Finally!

I could pay it all immediately, but for security reason, I prefer to pay a little by little. And a 2 months basis is a good schedule. After what the next money will be put for RRSP.

I just refresh a little bit my blog. I believe it look better this way rather than the all pink blog.

RRSP nightmare

I just get through my papers for 2007 tax. I was scared that I put too much in RRSP.... The maximum I was able to put in my RRSP was 5 712$ for 2007....... I almost stop breathing yesterday when I went to get my mails.... I get a receipt for 2007 RRSP coming from London Life. I totally forgot that my late employer was putting money in my RRSP. I was with that employer until June 2007... Anyway, I totally forget about that one.

What I had in mind for my RRSP was to put 5 000$ in it. And I taught that I had put that about in so far... So when came that letter yesterday of 1 137.78$ that had been put from my late employer in my 2007 RRSP, I was shocked and I was really scared that I pass out the 5 712$ that I am eligible to put in for 2007.

I calculate and calculate again......

London Life: 1 137.78$
Canada Trust: 1 500$
CIBC: 1 000$
RBC: 1 500$
Desjardins: 500$

TOTAL: 5 637.78$

It was a short one... Since the advisors of the bank where I went to give my RRSP papers immediately after doing the transaction, if it's not of Caisse Desjardins, because I don't have an account in one of Montreal Desjardins Bank, I believe I am ok for this year, but it was a short one....... I was so sure that I already put in 5 000$ in my 2007 RRSP for whatever reason... But I know I only put 500$ at Desjardins because I can see it online, via my bank account.

If I would have passed out the 5 712$, I don't know what I would have done... Anyway, enough is enough. I have been working so hard, I don't even remember how much I have put where. In previous post, I was saying that it was 2 500$ that I had invested, in 2 separate times... I just corrected those posts. First time it was 2 500$, second time less..... But I don't want to calculate, I mess up so much around, it's hilarious.

I am so bad with the numbers and I am so tired of the 2007 taxes thing. I can wait it will be all done. I was off yesterday and I took time to place my papers in order so it will be easier when it will come time to see someone to do my taxes for me.

But I didn't receive all my taxes paper. I am missing 2 from employers, one from government because I receive a little tiny 300$ and something for the unemployed insurance and one from Desjardins, for the mutual fund I have, non RRSP. So I cannot do anything now. I also have to remember my banks paper from ING Direct and Desjardins.... what a nightmare lol.... I was all confused yesterday and I had one of those hard times...

I can't imagine what is like to be a millionaire and doing taxes. I already have so many problems to get through my little life the way it is right now. In my fifty, I am going to have a lot of fun. The problem will be that there will be money under my name all over the place, and if it's difficult now, what it will be in about 30 years... lol

Anyway, for good news, I receive the paper coming from RBC regarding the non RRSP mutual funds I have with them. I made around 700$ with those mutual funds, which is really good, but unfortunately, I just lost that money in January, with the crash we had.... The only place I didn't lost money is with a placement I did in 2005, at Desjardins, with my super Fidelity Frontière Nord.

Now that I am completely done with RRSP and that things don't look to good regarding mutual funds, I prefer to wait a little before investing again and I prefer to get off credit card debt, like I previously post about. Since I have more than 8 000$ in regular savings, plus non RRSP investments, the best thing I can do for now is pay out debt.

I receive by pay check today after midnight and I really hope to be able to get the famous 1 000$ pay check after taxes, for 2 weeks of work. I already pay all my expenses for February, and I was planning to give the totality of the pay check to pay off that credit card debt of mine. On that 2 000$ and something, I pay 17$ in interest, which irritated me. And knowing I am currently making no money from my investments right now, the best thing to do is to pay off that debts I believe, especially the credit card debt.

I didn't find a second job yet. I plan to get one, but I didn't do major searches. I am at a cafe right now and I am searching for job. I get some kind of tired and confused for now so I plan to search more seriously at the beginning of March, maybe earlier, but it's difficult for me at this time.