Not many of you know this, but I consider myself quite the handyman when it comes to woodworking and carpentry. Mind you, I would never build my own house  as I tend to make things of lesser quality when they are for myself. I have no idea why I do this. You would think I would put more effort into things I do for me, but it is quite the opposite. I am more inclined to put hours of work into someone else’s project than my own. However, I have made myself a few night stands, tables, desks, and chairs. And to get to the point; I have saved tons building furniture for myself.

I am not sure about in the US but here in Canada furniture is expensive. Even Ikea gets expensive when you need to replace things every few months. I prefer to buy things that will last a long time. The only downside to this – the cost. When I moved to my new apartment I searched high and low to find myself a living room table. I found many models I liked, but was pushed away by the insane price tags of $400, $500, and even $600 for a living room table table. I only wanted a simple design so I could not understand how such a simple table could cost so much.  I use to help my father build quite a few things for our house when I was younger. I know that for a living room table $400 is extremely steep.

Anyways, these prices did not work for me. So with the knowledge I learned from helping my father make various things I headed off to my friends place who has all the tools I could ever need. However, if you do not have a friend with a bunch of tools this is what you will need to build furniture for yourself!

*Prices taken right off of the Canadian Tire website quickly. You could get these items at a farmers market or yard-sale for MUCH cheaper (sometimes 90%) and they will work just the same. However, if you insist on new you can still get most on these items on sale. Just wait for the specials.. Who buys anything for full price at Canada Tire anyways?*

  • A hand saw - $12. Do not let anyone fool you, you can still make amazing things with just a regular hand saw. It just takes a tad more time and patience.
  • A screw driver – $3-6 (This is one item you should borrow if you do not have it already)
  • Screws - 2 1/2in $1.59 and 1 1/2in $1.59 for a total of $3.18
  • Stain - $5.99
  • Clear Coat – $5.99
  • Sand Paper – $1-2 you only need the cheap stuff.
  • Tape Measure – A tape measure is something you can spend a lot of money on. Despite this you can get away with buying one of those cheap $1 ones. However, I suggest you spend at least $5-$10.
  • Wood - I was lucky enough to get my wood for free. But you shouldn’t need to spend more than $100 on wood. If you have a distribution center, a retail store, or a grocery store I suggest you ask them for their pallets. This is a great source for wood that is normally treated.\

So for no more than $136.16 (+ taxes) it is possible to acquire all the materials you will need to make yourself a table. And to be honest, with the materials above you should have enough to build a few furniture pieces.

 

I take the ideas for pieces by walking into furniture stores with my tape measure. From there I look for pieces that I like and start taking measurements. People may look at your strangely but keep it in your mind that you are saving money! When taking measurements make sure you pay attention to how the table is made. If there is anything on the table you feel that is above your skill level, omit it. A table you make yourself could be as easy as 4 legs with a piece of plywood on top. Although this is basic and won’t look good, could easily cost you only $40. If you spend the time looking and designing you can, even at a basic skill level, make a very attractive table that you will fall in love with.

If you already have basic tools, and have spare time to pick up a new hobby this is a perfect way to start. If you wanted (and got good enough) you could start selling your pieces for a huge mark-up. Perhaps your first few items will be a tad rough, but you will notice right from the beginning that they are much stronger than what you would normally buy in a store. They also have the great benefit of being fixable. No fiberboard snaps and bends, or panels so small that you can only fix them once. You will have long lasting furniture you will not have to worry about breaking every time you use it.

I am lucky enough to have a few connections that allow me to get most of my supplies for free. My pieces, no matter how big, usually end up costing around $20 to make.

 

Have you ever dabbled in woodworking/Carpentry? Or do you have a hobby that saves you money? Leave your answer in the comments.

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Have you ever had any questions about ETF Investing? Have you gotten lost in technical jargon concerning these funds that you said screw it and went with a mutual fund with a high MER instead? Well today I have a great read for you guys! I was very excited after reading Teacherman’s ETF INVESTING – Low Maintenance & Stellar Returns. Not only because this is my first eBook review, but also because even a young teen could read, and understand the importance of NOT buying into high MER mutual funds.

One of my greatest frustrations in my day-to-day life is how people truly believe that mutual funds are the best investments known to mankind. I believe this is false. This eBook does a much better job at explaining why than I ever would.

Anyways, enough of my ramblings, on to the review!

 

Upon reading the introduction I quite liked how Teacherman (to be known as TM in the rest of this post) specifically states many times over that the eBook is NOT a get-rich-quick guide. And even goes on to say that:

“…. If you’re looking for “PENNY STOCKS THAT WILL YOU MAKE MILLIONS” then do yourself a favour and just go light your money on fire (the warmth will give you more pleasure than watching your portfolio spontaneously combust).” Pg4

This hit home for me as I have fallen into the trap of the penny stock ploys. I agree, if I would have lit my money on fire I would have probably enjoyed it more.

The next 3 chapters goes on to explain TM’s Story, what a ETF really is, and how it is not a good expectation to think you will beat the average. After the great introduction to TM, the chapter ‘What the heck is ETF?’ is where the eBook really starts to get interesting with one of the best explanations I have seen of what an ETF actually is.  However, if I had to recommend only one chapter it would be Chapter 4. Seriously. Read it. This chapter explains how you will most likely not, as an untrained person, beat the stock market.

TM points out on pg 22 that yes, he is human, and is susceptible to human emotions. He allows for this by having 5% of his portfolio as his ‘fun fund’ (he used the name ‘play money’. I like my name better :-p).  This fun fund allows him to indulge in whatever kind of investment he so desires. I think it is important for everyone to have a little bit of money they can play with, if you do not have any kind of fun while doing your finances you will most likely go insane.

In Chapter 6 TM shares what makes up his portfolio and the reasons behind having most of his portfolio in US ETFs. He does state some very strong arguments for investing in US ETFs as a Canadian, but I am still not sold. I have always been a big supporter of Canadian businesses and I guess this will follow me into investing. I doubt that I will be investing a large amount into US markets. Probably no more than 10%. This will greatly limit me with my choices (and diversification). And as TM points out I will also miss out on the phenomenal ETF fees that only US ETFs can provide but I am OK with this.

TM truly gained my respect not for something he said, but instead for something he did not say. I love how he refrained from giving too much detail on ETFs he did not believe in. He provided just enough information so that if we were interested we would know what to look for.

 

This is a great eBook. If you know someone (friends, family, co-workers, random strangers on the street) that has false beliefs on how mutual fund investing is the only investment. You should show them this eBook right now. It offers solid arguments as to why ETFs are just as easy of an investment as mutual funds. However, there are arguably better investment strategies for people who wish to put more time into their portfolios. But for the average Joe who invests and forgets this is a must-read.

As for me I will definitely be an ETF investor.

 

So head on over to MyUniversityMoney and subscribe to receive the eBook!

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Please do not hesitate to comment or e-mail me through the contact page with any topics you would like me to cover.

Now in the spirit of sharing! This weeks link round-up includes:

1. The Dividend Guy Blog with A 100% Dividend Stock Portfolio is a Safe Portfolio

I love dividend stocks! Enough said.

2. Money Infant with Expenses for Moving to Thailand 

Reveals Money Infant’s true cost of moving to Thailand.

3. Make Money Make Cents  With Ways I Save Money

An article on how Paul discovered what worked for him.

4. Work Save Live with Beginner Blogger Challenge – Q&A

Jason talks about his time as a Beginner Blogger, something I am going through right now.

5. Step Away from the Mall with 10 Rules for lending money… and one better one

Best rules for lending money. My favorite is by far the last one!

 

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