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…
Albert Einstein was fascinated with the motion of objects and had a famous saying “all motion is relative to your frame of reference”. What exactly does that mean? Well, the way you interpret the movement of an object is based on where you are viewing it from. So, for example, several people may observe a…
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,…
Is there a simple idiot proof way to invest for the long term without knowing anything about investing? I say yes. The Process So how did I simplify the process? With literally thousands of stock offerings to choose from and multiple markets the possibilities are overwhelming. I use the Toronto Stock Exchange (TSE), the main…
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…
I’m seeing a new trend these days that I believe is misleading and dangerous. With the popularity of artificial intelligence there are people promoting stock trading programs with advanced algorithms they claim will deliver superior market performance. Are They Wonder Programs? These wonder programs analyse a multitude of stock performance indicators to determine optimum buy…
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…