We live in a world where life moves quickly. Whether it’s rushing along the road to get to work on time, getting the kids to sports activities or attending meetings, everything seems to move us along quickly. There’s nothing wrong with living life quickly. Unfortunately, we’ve developed the poor habit of expecting quick results from … Read more
“How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.” — Robert G. Allen To paraphrase another financial guru – The main reason so few of us achieve what we truly want is that never having decided on our goals in life we therefore don’t work … Read more
Wise investment advisors often talk about having a margin of safety as part of their financial strategy. But what exactly does that mean? It’s a difficult concept to explain. However, by doing your due diligence before making investment decisions you can have some assurance of safety if the future brings an unpleasant surprise. For those … Read more
Don’t understand why your month outlasts your money? We explain your free personal financial habit tracker’s use as it is designed to help you solve that problem and find out exactly where your money goes. Most of us spend our money as the bills come in, and as we see things that we want or … Read more
The holy grail of investing is to get maximum return with minimum risk. Wise investors not only know this is impossible but in fact risk and reward share a contrary relationship. The higher the risk the higher the potential reward; low risk equals low reward. Since each investment type has a range of risk versus … Read more
Living together as a couple can be a wonderful journey, filled with shared moments, dreams, and, yes, financial decisions. But when it comes to unmarried couples sharing a home, there’s a different set of rules to follow. Let’s delve into the stories of two couples, each with their unique approach to managing their finances, and … Read more
I’ve been told that doing the same thing over and over and expecting a different result can be used to label a person as insane. If that were truly the case I suspect that more than half the population would qualify. We are creatures of habit after all. What that means is we often learn … Read more
It’s no secret that many Canadians are drowning in debt. With the average consumer debt soaring over $21,000, it’s a stark reality that confronts many households. But is there a way out? For some, the solution lies in debt consolidation. Let’s delve into what debt consolidation entails, its pros and cons, and whether it’s the … Read more
Meet John and John and Sarah. They were tired of living paycheck to paycheck and feeling stressed about money. They knew that they needed to take control of their finances, and create a step-by-step guide to budgeting, but they weren’t sure where to start. That’s when they decided to take the plunge and create a … Read more
As spring approaches and the weather turns warmer many of us are preparing our garden. Investing money is a lot like planting a garden. Both tasks require dedication, perseverance and attention to detail. The nice thing about investments is that they can grow in several different ways. The key is to maximize how your money … Read more
