Comments on: 6 Rules of Thumb Everyone Should Know

By: Tax Guy

Tax Guy — Wed, 25 Nov 2009 01:37:17 +0000

@ Tom:

Maternity leave can definitely be a financial strain!

By: Tom @ Canadian Finance Blog

Tom @ Canadian Finance Blog — Tue, 24 Nov 2009 22:15:29 +0000

I was almost dead on with the 3.5x income for home ownership. Now with the wife on maternity leave I’m not so good, but that’s just temporary at least.

The 20/4/10 car is interesting, though I’m not a fan of debt for car loans. I’d prefer 100/0/10!

By: High Risk TFSA, Financial Rules of Thumb and More « Real Estate Investment

High Risk TFSA, Financial Rules of Thumb and More « Real Estate Investment — Wed, 07 Oct 2009 20:08:52 +0000

[...] Canadian Tax Resource lists 6 rules of thumb everyone should know. [...]

By: High Risk TFSA, Financial Rules of Thumb and More | Million Dollar Journey

High Risk TFSA, Financial Rules of Thumb and More | Million Dollar Journey — Sat, 26 Sep 2009 15:32:39 +0000

[...] Canadian Tax Resource lists 6 rules of thumb everyone should know. [...]

By: Friday Links | The Canadian Finance Blog

Friday Links | The Canadian Finance Blog — Fri, 18 Sep 2009 09:03:33 +0000

[...] Canadian Tax Resource lists 6 rules of thumb everyone should know. [...]

By: as

as — Tue, 15 Sep 2009 12:08:49 +0000

I always found the World Wide Words site pretty British and good at digging up etimologies. Here’s what it says on the thumb rule question:

http://www.worldwidewords.org/qa/qa-rul1.htm

By: Tax Guy

Tax Guy — Mon, 14 Sep 2009 16:46:48 +0000

@ Karen:

Actually, the specific phrase did not originate from either the written or common law nor did apparently it have anything to do with a man beating his wife. If such a rule had existed, it would have been written in the English law or in the rulings provided by the English judges.

The actually term appears to have had its origins in woodworking and may have been used for measurements.

Although not authoritative, this article summarizes what my understanding of the term is http://www.debunker.com/texts/ruleofthumb.html

By: Karen Bradford

Karen Bradford — Mon, 14 Sep 2009 16:03:42 +0000

FYI – Interesting bit of trivia…Rule of Thumb originated in colonial New England. Legally, it was how large of a whip, based upon diameter, a man could legally use to beat his wife.

Now that I know this I avoid using the phrase.