According to Statistics Canada's latest report (released 01 May, 2008) the "Median earnings of Canadians employed on a full-time basis for a full year changed little during the past quarter century, edging up from $41,348 in 1980 to $41,401 in 2005 (in 2005 constant dollars)."

This means an increase of only $53 over the past 25 years. Talk about sharing the wealth:

http://www12.statcan.ca/english/cens...ase/income.cfm

Haven't UK and US wages dropped in real terms over that time? I'm pretty sure that real US wages peaked in the 70s.

In that case, even a $53 increase would be better.

Dunno about that but the minimum wage sure has:

http://www.infoplease.com/ipa/A0774473.html

What they dont say in the press release is that:
The median male earnings for a full time employee are $46,000
The median female earnings for a full time employee are $35,000
If you look at the table, for all the jobs listed women earn less than men. Even in areas that are predominantly women.

Male earnings have increased 2.5% and female 3.9%.

So, maybe one day women will earn the same as men for doing the same job.

Does any one have an idea of the annual salary of An MBA holder? Am in the middle of an MBA program should be rounding up before relocating, will like to know how much am worth out there.

Why not look at the stats we have been talking about. You will find median salaries for a variety of jobs.

I guess the fact that he had to be told that gives you an idea of the worthlessness of that qualification.

I held back. I am trying to be a nice person. Its a struggle.

Those statistics don't hold true for Alberta where wages continue to be paid well beyond reasonableness due to the shortage of workers

So worthless that when I completed mine I got a 20% pay rise.....

was that in Alberta?

In my opinon, wages are irrelevant. It doesn't matter if they stay the same, go down, go up, or go on a rollercoaster ride.

Anyone who spends his/her life relying on wages is financially illiterate. For most of my life, I did that, and I regard myself as an idiot for having been duped into that way of thinking.

Sure, when you first get out of school, you probably need a job. That's likely the most effective way of earning some initial capital that you can invest.

But, if you spend your whole life in that mode, you are -- as I said before -- financially illiterate.

You need to diversify your sources of income. You could invest in a second house, and rent it out. You could start a part-time business, and supplement your income. There are umpteen ways of leveraging your time, earning more money, and investing.

If you achieve financial literacy and implement what you've learned, you'll attain financial freedom. That is to say, you'll reach a point at which you're earning enough passive income from your investments to be able to afford your desired lifestyle.

I woke up from my stupor at the beginning of 2007, and since then have read heaps of books, done several online courses, and attended some seminars. The most powerful seminar that I've attended was the Millionaire Mind Intensive. It was designed by T. Harv Eker, a Vancouverite who wrote a bestseller, Secrets of the Millionaire Mind.

I was fortunate enough that the Millionaire Mind Intensive was held in Calgary in April. But there were people who had travelled from all over Canada to attend it. There also were three or four people from South America. There was even one man who had flown from Australia to attend it. I am convinced that even those who paid considerable air fares to reach the seminar got more than their money's worth.

What set the Millionaire Mind Intensive apart from other courses and seminars in which I've participated is that it offered an experiential process that engaged all five senses. I got the message at an emotional level, not just at an intellectual level, as has been the case when I've read books and listened to lectures.

Eker's contention is that everyone has a money blueprint that he/she picked up during childhood, from the things that significant adults said, from the ways in which significant adults handled money, and sometimes also from impactful events.

A person's money blueprint is like a thermostat that keeps your wealth at a pre-set level. You can see examples of money blueprints in action. Donald Trump can lose not just millions but billions of dollars, and he'll make that much and more again. A broke person can win a lottery, and within a few years he or she can be broke again. There are numerous actual examples of this.

As long as you are unconscious of your money blueprint, it will control you. When you become conscious of your money blueprint, you can assess whether or not it is serving you well. If it is serving you poorly, you can choose to change it. But you can do that only when you're aware of what your money blueprint is. One of the things that the Millionaire Mind Intensive accomplishes is to assist you in becoming conscious of your money blueprint.

Eker says that the universe won't send you more money until you're managing your current money well. And, even if the universe does send you more money, by letting you win a lottery for example, you won't keep that windfall unless you already are in the habit of managing your money well.

The Millionaire Mind Intensive is going to be held in Toronto from Friday, June 20th to Sunday, June 22nd. It's the last time it's going to be FREE. From the autumn of 2008 onwards, Eker is going to charge for it. If you are dissatisfied with your financial situation, I urge you to participate in a Millionaire Mind Intensive. It will change your life. I guarantee you will walk out a different person from the one who walked in. Even when Eker starts charging for the MMI, it's still going to be worth it. Whatever money you spend in getting to the MMI and attending it, will come back to you many times over.

Eker's company, Peak Potentials, already holds seminars and workshops in various American and Canadian cities, and it's now in the process of expanding its seminars and workshops into Asia and Europe. So, if you're still in the UK, you'll be able to attend them there.

If you want to find out a great way of improving your financial situation right now, you can read my blog entry called $1 million from 6 jars : what a bottle refund! Don't just implement the system for yourself. Teach your kids to implement it too. It's amazing what kids can do if they learn this stuff when they're young. At the Millionaire Mind Intensive, I met a Calgary guy who was in grade twelve (equivalent to first year of A-levels) and who owned two houses. I also met a 17-year-old guy from Medicine Hat, Alberta who was on his fourth business (having started as an entrepreneur at the age of eight!!!). Are those two young fellows ever going to worry about wage levels? I don't think so.
x

another great bit of advice, and help. I`m sure Kaniyang feels so at ease now

Well... err... yes... point taken. But it is maybe a bit of a stretch to say that anyone who relies on a salary is financially illiterate.

Me too. to bazzz