There’s always that tempting thought: “If only I could win the lottery, all my problems would be solved.” We’ve all been there. But the truth is, waiting for a lottery win isn’t a financial plan. Whenever I ran into a financial situation that I thought I couldn’t solve, I would buy a lottery ticket. While … Read more
When it comes to managing your money, understanding the basics of personal finance can make all the difference between struggling with bills and living comfortably. Personal finance might sound complicated, but it’s really about mastering a few simple principles that can set you on the path to financial security. In this post, we’ll explore the … 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
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
The Four Categories of Personal Finance The four categories of personal finance are income, expenses, assets, liabilities Income
