Financial Survival Amid Uncertainty It has been said that the only certainty in life is uncertainty. Well we are definitely living in uncertain times. Having been through a devastating pandemic we’re all returning to normal, but it really isn’t the normal we left behind. The future certainly holds some surprises that will make financial planning…
Imagine owning a machine that creates money and provides you with an income forever. This machine would be perfectly legal. I’m not talking about printing counterfeit money or stealing. The trick is to save enough money to allow you to live off the money it can earn. Money Earns Money You see, the greatest miracle…
When it comes to managing our finances, it’s easy to get caught up in the day-to-day expenses and forget to look at the bigger picture. But here’s a thought-provoking question: What changes can you make today that will have a lasting effect on your financial situation? Let’s explore practical steps to set long-term financial goals…
In my books and posts I constantly harp on the concept of living sensibly. So what exactly do I mean by this? Living Sensibly Living sensibly is the concept of allowing oneself to enjoy life but also prepare for the future, by establishing a balance between wants and needs. Life is to be enjoyed, but…
Follow some or all of the ten suggestions below to start your financial new year off right! You’ll be amazed at how much these little ideas can save you in a year. Meal Plan Planning meals not only curbs impromptu pizza deliveries but also cuts down on food waste. Make a list, stick to it,…
In Canada there are several varieties of pension plans and all have the same goal to help you fund a long and secure retirement. Pension plans fall into two main categories: government and private plans. Canadian Pension Plan If you have worked in Canada you most likely have contributed to the Canada Pension Plan (CPP)….
The Benefits of Living Sensibley: How to Save Money and Live Modestly Without Compromising Your Lifestyle Living sensibly is not just about tightening your belt; it’s a practical approach to managing your finances wisely. While there may be times when living frugally is necessary, it’s important to view it as a tool rather than a…
What is an investment account and how can it help you save for the future? An investment account is an online platform that links you to the stock markets, usually through a bank or similar financial institution. Your bank accounts will be linked to the investment account. Setting up the account requires enrolling with a…
Financial experts define a recession as a sustained drop in economic activity that lasts more than a few months. Many financial gurus are predicting a recession or significant downturn in the economy within the next two years. Are you prepared to survive this financial storm? In the face of economic downturns, surviving a recession requires…
Somethings Gotta Give Looking at the current situation in the United States we see an interesting concept called the debt ceiling. The debt ceiling is the maximum amount of money that the United States can borrow cumulatively by issuing bonds. If the U.S. government can’t meet the interest payment obligations to bondholders the United States…