May 16, 2008
Bills, Bills, Bills
Ever wonder what hundreds of thousands of dollars looks like? These 41 Division officers pose with almost $400,000 in cash recovered during the execution of a search warrant in the Danforth and Birchmount area on Wednesday. A 62-year-old man was arrested and charged with trafficking cocaine, and these guys (photographed with their battering ram) got a rare opportunity to see what most of us only dream of when buying a lottery ticket or playing the slots.
Photo courtesy of the Toronto Police Service.
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wtf happened to that lady's face?
The TPS anonymized it, for whatever reason—probably because s/he might still be undercover.
I guess I'll have to find somewhere else to buy my cocaine now.
You know why they're smiling?
Because they know how much there was *before* they turned in $400k of it...
Anyone can build up a fortune of $400000 in their lifetime if they are smart. All you need to do is save $2 a day, or about the cost of a coffee and donut at Tim Hortons (substitute them with the cheap stuff from the grocery store). Put that money into an index fund yielding 10% per year on average, and in 40 years when you retire you will have about $400000 in cold, hard cash. Save more, and you will have even more when you retire.
And start an RSP early. One of the smartest things I ever did was start an RSP at the age of 21—plus, it went a long way to buying my first home (you can borrow interest-free against your RSP once). I was shocked recently when I found out two of my friends in their mid-thirties didn't even know what an RSP was. They should teach that in high school, if you ask me.
I would also like to take this opportunity to slam Mackenzie, because I had my RSPs with them and couldn't for the life of me get anyone to return my calls or answer my emails, so I had to pay a significant penalty—like, in the thousands of dollars—to transfer my RSPs to another company because I was dissatisfied with their service. I couldn't just transfer—I had to cash them out and immediately establish a new RSP account, and they couldn't care less that I was pissed at them. Too small a fish.