How do you determine your networth?

I have been regularly posting my net worth on this blog. But, actually, how do you determine your net worth? What is the standard for rich and poor? Is a person with $40,000 in assets and $1000 monthly expenses richer than the one who only has $30,000 but $500 monthly expenses?

Obviously, there are many ways to measure your net worth. Besides the numbers, I typically like this one: how many months you can live on without having a pay cheque? Using the example above, Person A would be able to go without having a pay cheque for 40 months while Person B will be able to do so for 60 months. Although Person A has higher net worth in numbers, Person B is actually has more net freedom.

This method not only measures wealth, but it measures wealth against lifestyle costs as well. It gives higher score to those who live below their means since they are truly more flexible than those who just live larger than life.

So, what is your score in terms of your pay cheque free month?

Online Baby CPR

Are you new parents or soon-to-be parents? Do you know that thousands of babies and toddlers die each year from drowning and choking and yet most Parents do not know CPR or have not been trained in CPR in the last couple of years? Do you want to learn the skills that you need to help your babies or young children in an emergency? Traditional CPR course will take about four hours to complete. Most of the parents or soon-to-be parents do not have the time and resources to do so. Online Baby CPR has provided a new way for new parents to learn the skills at home, at their pace, for an affordable price with online CPR course designed for parents.

Currently, Online Baby CPR is offering some demo courses which include topics such as Drowning and Choking Prevention, Infant Child CPR, What is AED, How to use AED and so on.. The lessons include pictures, video, and audio. I think every parent should learn the CPR skills and online course is a great way to learn it. If you would like to know more, please visit Online Baby CPR website

GCR Weekly Report

Great Canadian Rebate is offering 15.0% Cash Back Rebate, save 10% instantly and FREE shipping on orders over $37.00 from Yves Rocher this week. You can check it out here.

Get To Know Glenn

Do you know who is Glenn Beck? He is the funny guys who is known for his political comedy and hosts his radio program with a wide range of topics. I have never paid much attention to Glenn Beck before. Today, I watched several videos on his website. I like the way he talks about politics. In his video, "Real Story- Energy Independence", I am surprised that how those politicians make their promises but most of them were not able to keep it. Glenn Beck just tells it like it is!

There is going to be a summer political tour for Glenn Beck. He will be in Dallas on July 17^th. The Dallas show will be broadcasted to select movie theaters by FathomEvents. Make sure you check it out.

Do you check your pay stub?

I think most of the people got their pay directly deposit into their bank account. Therefore, many just do not bother to walk to the admin's cubical to get their pay stub. If you are on fixed salary each month, there should be no problem. I, however, am on the two weeks' on-call rotation. Therefore, once in a while, I will get the extra on-call pay. Surprisingly, my on-call pay for last month was not processed. I immediately noticed that when I got my pay stub from the admin. It turned out to be a error from the pay roll team and they assured me the pay will be processed next time and show up on my next pay stub. So, if you are like me and will sometimes get additional OT or other extra payment, it might be a good idea to check your pay stub because errors do happen.

Glenn Beck, The Funny Guy

Every one finds Glenn Beck funny. He talks about politics with his unique style and a sense of humor in his radio program. I do not consider myself a politics fan of any kind. But as I read through Glenn’s blog about the wearing of Dr.Oz in Oprah show, I had a good laugh and agree with him that in this society many people tends to judge others by his/her appearance or think others will judge them in this way.

If you are a fan of Glenn Beck, make sure that you check out his blog which he updates regularly with videos, articles and his radio shows with a wide range of topics. Moreover, Glenn Beck is doing a summer comedy tour. The Dallas show on July 17th of his will be broadcasted nationally to select movie theaters nationwide on that date. Make sure not to miss this event.

My Side Income - June

As my previous post stated, I have made my target to bring in additional $80 for June. I think it is interesting to see what amount of money I am able to generate besides my employment income. For now, it is pretty simple. All of my side income fall in two categories: Blogging income and money from investment such as interest and dividend. For the month of June, my blogging income is $120. The interest and dividends from my investment adds up to $80. Overall, I am able to bring in around $200 per month besides my regular pay cheque. $200 a month is enough to cover my monthly food expenses plus the cost of my car insurance with a little bit extra left. I am working towards two more ideas to generate a little bit more money each month. Both of the projects should go live in the month of July. Let's wish me luck. I will provide an update later on.