Raiding Your Piggy Bank Could that “interest-free loan” from your RRSP come back to bite you? On the surface, it feels like a win—you borrow your own money, avoid paying interest, and solve a short-term problem. But what if dipping into your RRSP today quietly steals from your tomorrow? Let’s unpack how these RRSP withdrawal … Read more
Improving your financial mindset is all about taking smart, consistent actions. With the right systems in place, anyone can achieve financial stability and even prosperity. Today, we’ll explore three essential systems to help you get there: budgeting, spending tracking, and net-worth tracking. Let’s dive in! The Power of Budgeting Budgeting is the cornerstone of any … Read more
Someone told me a joke a long time ago that had to do with me avoiding my problems. When I said I had it all under control they told me I was spending too much time next to that river in Egypt. Looking at my puzzled face they responded “you know, de nial”. It’s always … 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
Warning: this post contains numbers and simple mathematics. A lever is a simple machine that allows you to amplify an input force to provide a greater output force. That extra force is called leverage. The same principal can be applied to investing and is referred to as financial leverage. Traditionally financial leverage requires you to … Read more
If you are living paycheque to paycheque, wondering where your money goes, you need this post. In almost every case that I have seen, when people say, “How can I manage my money, when I don’t have any?” They are mistaken. They just don’t pay attention to what they do with the money they have. … 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
Many people believe that their past governs their future. They believe that they are destined to a fate determined by the accumulation of their past experiences. Is Failure Inevitable? Do you believe that you have always been short of money, and always will be? Do you believe that you have little control of your life … Read more
