This week, I managed to save myself $250 per year for the next two years simply by sitting on hold for roughly 15-20 minutes. I think the resultant $500 that will stay in my wallet is a good reward for navigating the phone tree, talking to three different people, and asking for what I want. […]
It’s Registered Retirement Savings Plan season! From now until the last day of February, there will many advertisements all over the place exhorting you to make a contribution to your RRSP. If you need more detailed information about the rules, then I would suggest that you visit the website for the Canada Revenue Agency. Alternatively, […]
One of the reasons why I write this blog is because I have this deep-seated belief that someone out there might learn from my experiences and avoid making the same mistakes that I’ve made on my journey to wealth. I’m narcissistic enough to think that my words will have an impact if I share them […]
“You can’t become financially independent with someone else’s money.” – Farnoosh Torabi of the So Money Podcast The frankness of this statement amazed me. While being interviewed by Jamila Souffrant at Journey to Launch, Ms. Torabi spoke of the need for women to control their own money. She posited that a woman without her own money could not truly be independent […]
What are your priorities for your money? I’m not asking to be airy-fairy. It’s simply been my observation that people who know what their priorities are allocate their money in a way that ensures that their priorities are met. Speaking for myself, saving for a comfortable – and hopefully early! – retirement has been one […]
Well, 2019 is here and nearly two weeks are under our collective belts. How are you doing with those new year’s resolutions? Or as a witty little photo on Instagram called them: your casual and in-no-way-legallly-binding promises to yourself? Personally, I don’t make resolutions. Hats off to those of you who do, but I prefer […]
Cherished Readers, I have come to an uneasy decision and I’m not sure if I’m right. I used to buy units in the XDV exchange traded fund (ETF) issued by iShares. When Vanguard came to Canada, I stopped buying units in XDV and started buying units in VDY. Why did I make the switch? Both […]
Christmas 2018 has come and gone, which means that a brand new year is nearly upon us. Does anyone else wonder how an entire year can pass by quicker than two shakes of a lamb’s tail??? And does it also not seem like the holidays cost money every single year? I don’t know about you […]
This week, I read an article on the Globe and Mail website that had me shaking my head. Essentially, there’s a new trend among retailers to charge clients a membership fee to shop in their store. My first thought was WTF?!?!! It seems that Costco’s membership model is a bit too seductive for regular retailers […]
In 2019, the contribution room for the Tax Free Savings Account increases from $5500 to $6000. This is great news! There’s a big debate about whether it’s best to invest in a TFSA or in a registered retirement savings plan. I’m not going to weigh in since I’m not certified to give expert advice in […]