When it comes to creating an emergency fund, saving for retirement, or paying down debt the standard solution seems to be “I’ll get to it when I get to it”. So when is the right time to deal with your finances? The best time is always! Saving a small percentage of your current income to … Read more
Regardless of your current financial situation, there are several strategies you can use that can make you rich. There are no guarantees in life, but you can greatly increase the odds in your favour. Intelligent decisions and consistent behaviour are all you need. These strategies needed to create wealth are available to everyone: Have multiple … Read more
The easiest job any person can have is to be a critic. It takes no actual experience or training. You simply look for flaws in any plan and attack away. We love to criticise everything. Lately the brunt of our criticisms is centred on hot topics like inflation, government debt, and taxes. A Love-Hate Relationship … Read more
Money management is a lifelong journey, and understanding the timeless principles of handling your finances is essential. I have learned that there are 10 money rules that never go out of style. Whether you’re just starting your financial journey or looking to refine your money habits, these rules will guide you as you navigate the … Read more
Buying your first home is an exciting milestone, but it can also be financially challenging. That’s where the Tax-Free First Home Savings Account comes into play. This plan offers a practical and tax-efficient way for Canadians to save for their first home. Let’s explore how this registered savings account can be the key to your … Read more
Hey there, fellow adventurer on the path to becoming an effective manager of your money! Buckle up because we’re about to embark on a journey that will equip you with the skills and strategies to take control of your financial destiny. Whether you’re new to the money management game or looking to level up your … Read more
Life between the ages of 25 and 40 is an exhilarating period filled with personal growth, career milestones, and exciting adventures. Yet, amidst all the hustle and bustle, it’s essential to establish a solid foundation for your financial future. This comprehensive guide for beginning your financial planning aims to help you navigate the world of … Read more
Before you start any financial journey, you need to know four things: Where are you now, Where do you wish to end up, What is your current cash flow, and What is your plan to achieve your goal. We have some free spreadsheets to help you with this. Calculate where you are now with this … Read more
Are you yearning for a financial strategy that doesn’t require deciphering complex stock charts? We explore this idea in “The Balance: An Old Guy Offers Some Random Thoughts On Money” Kindle Edition by David Penna (Author). Meet David, a former mining geologist whose unique background has shaped a simple financial strategy for a secure retirement. … Read more
Recently, my wife’s aunt passed away and left us a decent windfall. Our big problem was clearly, the best way to use our windfall. Fortunately, we were able to work through our choices fairly quickly. In this article, I will lay out the choices available to most people, and how to sort through them. When … Read more
