Today, people are starting their own home based businesses to supplement their income. With inflation, the costs of things rise usually each year. The cost of things that are essential such as food, water, and shelter rise almost each year. The rent people pay for apartments continues to go up, usually once a year, as their landlord's cost increase. Some individuals try to find a second job to supplement their income. This can affect you taxes in a negative way as not as much taxes are taken off your check. As taxes from jobs are the highest, an informed person realizes there has to be a more efficient way to increase there income. These individuals might look for a different option then working a second job.
Some individuals start side businesses at home. A popular thing to do is businesses that involve network marketing. Some common examples are Arbonne, Avon, Scentsy and Grace Adele. People become independent distributors starting off. They get a percentage of their own sales as commission. To increase there income, they try to get people to sign up to be independent distributors who are underneath them. In turn, they a small commission on the sales from the people they signed up. Next, then these people will try to recruit people also. A majority of the population refer to this as a pyramid scheme. One book that is about network marketing is Flip Flop Ceo.
Individuals could also start home-based businesses that do not involve network marketing. With a home based business, there are tax deductions an person can take advantage of.
Disclosure: I do not have a network marketing business and recommend individuals to do thorough research about the industry if they are interested in that type of business.
DISCLAIMER:
Sunday, March 30, 2014
Saturday, March 22, 2014
Recent Trade
It has been a while since I wrote a post. This past week I took on a trade in my margin account. I purchased 100 units @$20.10 plus commissions of BPF.UN (Boston Pizza Royalties Income Fund) based on the Toronto Stock Exchange. I also own this income fund in my TFSA since March 2010.
In July 2002, Boston Pizza International Inc. sold the BP Rights to the Fund. These Rights include trademarks used in operations of the Boston Pizza Restaurants in Canada. BPI then entered into an agreement with the Fund which gives BPI the exclusive license to us the BP Rights for a period of 99 years in exchange for a monthly royalty payment of 4% of the franchise sales of Boston Pizza Restaurants in the Royalty Pool. Any new stores opened during the Calendar year are added to the Royalty Pool on January 1st the following year. (Annual Report 2012)
The 4% royalties from sales at all the restaurants in the royalty pool go into the fund. The fund is not responsible for capital expenditures of the restaurants. The fund has administrative expenses and interest charges on its debt only. That means the fund can have high payouts to its unit holders.
The franchisees pay a royalty greater than 4% from their sales. Franchisees pay 7% royalties on gross food sales and and additional 2.5% on gross food sales to a national advertising fund.
BPF.UN was created as the owners of Boston Pizza did not want to give up equity but wanted to share some profits with other people. The current owners of Boston Pizza are George Melville and Jim Treliving ( who is also on Dragon's Den).
For more information on BPF.UN, go to Boston Pizza Royalties Income Fund.
For more information on Boston Pizza, go to Boston Pizza's website.
Disclosure: Long BPF.UN (in my TFSA)
;
DISCLAIMER
In July 2002, Boston Pizza International Inc. sold the BP Rights to the Fund. These Rights include trademarks used in operations of the Boston Pizza Restaurants in Canada. BPI then entered into an agreement with the Fund which gives BPI the exclusive license to us the BP Rights for a period of 99 years in exchange for a monthly royalty payment of 4% of the franchise sales of Boston Pizza Restaurants in the Royalty Pool. Any new stores opened during the Calendar year are added to the Royalty Pool on January 1st the following year. (Annual Report 2012)
The 4% royalties from sales at all the restaurants in the royalty pool go into the fund. The fund is not responsible for capital expenditures of the restaurants. The fund has administrative expenses and interest charges on its debt only. That means the fund can have high payouts to its unit holders.
The franchisees pay a royalty greater than 4% from their sales. Franchisees pay 7% royalties on gross food sales and and additional 2.5% on gross food sales to a national advertising fund.
BPF.UN was created as the owners of Boston Pizza did not want to give up equity but wanted to share some profits with other people. The current owners of Boston Pizza are George Melville and Jim Treliving ( who is also on Dragon's Den).
For more information on BPF.UN, go to Boston Pizza Royalties Income Fund.
For more information on Boston Pizza, go to Boston Pizza's website.
Disclosure: Long BPF.UN (in my TFSA)
;
DISCLAIMER
Saturday, March 8, 2014
Dividend Update - Feb 2014
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| www.mipaq,co.za |
This is post is coming a little later than I would like. The month of February 2014 is another money of increasing dividend income. This money is used to help pay my expenses if it is needed. If the money is not needed it is ALL used to purchase new investments to further increase my cash flow.
Non-registered Account
- Killam Properties (KMP) - $5.75
- Shaw Communications (SJR.B) - $17.00
- Just Energy (JE) - $47.53
- Enerplus (ERF) -$ 45.18
- Emera (EMA )- $ 36.25
- Killam Properties (KMP) - $ 14.00
- Dundee REIT (D.UN) - $ 16.61
- Cominar REIT (C.UN) - $5.28
- Boston Pizza Royalties Fund (BPF.UN) - $23.87
This total represents a 4.15% increase from 3 months ago and 47.72% year over year.
I also received another distribution payment of $56.00 for my swing trade in Dundee REIT in my non-registered account. This is not listed above since it is a trade, so I keep the money in the account and do not pay myself first with this payment. I have received $427.47 in distributions so far on this trade.
I will update my dividend income tab with the new amount.
Disclosure : Long all securities above.
DISCLAIMER:
Tuesday, March 4, 2014
Portfolio Update Feb 2014
Feb 2014 has come and gone. It is time to update my portfolio. There was no purchases made this month except shares being dripped.
The following stocks were DRIPPED.
- Enerplus 2 shares @$22.11
- Just Energy 6 shares @ $8.455
This past month BCE (Bell Canada Enterprises) and THI (Tim Horton's) increased their dividend. BCE increased theirs by 6% whereas Tim Horton's increased theirs by 23%.
The current value of my portfolio is $60822.90. This represents an increase of 4.51 percent.
I will update my investment tab spread sheet.
Disclosure: Long ERF, JE
DISCLAIMER:
The following stocks were DRIPPED.
- Enerplus 2 shares @$22.11
- Just Energy 6 shares @ $8.455
This past month BCE (Bell Canada Enterprises) and THI (Tim Horton's) increased their dividend. BCE increased theirs by 6% whereas Tim Horton's increased theirs by 23%.
The current value of my portfolio is $60822.90. This represents an increase of 4.51 percent.
I will update my investment tab spread sheet.
Disclosure: Long ERF, JE
DISCLAIMER:
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