Please comment on my strategy.....

[gman]

My own version of "wisdom",

Hi,

I have been reading about this forum for a while, and this is my first post.

My wisdom collection says,

1. It's not how much one earns that matters, but how much one saves.

If it not how much one earns or how much one saves that matter, but where one invests the money (earned or not earned yet) to.

2. Having a monthly positive cashflow is the first step to build up your networth.

Education is the first step to build up your net worth.

3. The first step to invest is to *SAVE* money

The first step to invest is "education". The 2nd step is to understand how tax works.

[ziploc]

It means he holds someone's mortgage in his RRSP ...

Arms-length just means that it's not his own mortgage, or that of a spouse, etc.

Thanks for the answer