It’s expensive out there. Staying at home with a cup of homemade coffee, snuggled under my favourite throw, and reading a long-anticipated book is a cheaper use of my time. And it’s just as satisfying to me as anything I pay for outside my home. I don’t know about you but it’s expensive to leave […]
When I was a kid, one of the things I learned from my mother was that interest rates are inversely correlated to housing prices. If interest rates are going down, then housing prices are going up. Over the last 12 months, I’ve seen this lesson play out in real life. By the time this blog […]
What the eyes don’t see, the heart won’t grieve… Anonymous Online Poster No matter how you look at it, retirement is coming. And if you’re fortunate, you’ll get to pick when you retire. Should Life have other plans for you, then retirement may arrive unexpectedly. Either way, retirement is in your future. One of the […]
Quick! What is your marginal tax rate? If you answered “I don’t know”, then welcome to the club! Pull up a chair and sit down for a spell. Most of us do not know what our marginal tax rate is… which is really too bad. It’s one of the more useful pieces of information to […]
If I can impart one nugget of wisdom to you today, it is this. You need not make every mistake yourself in order to learn a lesson. You’re always free to learn from others. I’m not promising that you’ll avoid making your own mistakes – that’s utterly impossible. What I am promising is that some […]
It’s once again the season to talk about your Registered Retirement Savings Plan – otherwise known as RRSP Season! Between Christmas and the end of February, there’s generally a plethora of advertising about the importance of funding your RRSP. So I’m putting my $0.02 into the mix too! An RRSP is a tax-deferred way to […]
I’ve been reading many articles about how people in their 60s, 70s and even in their 80s are still working because they can’t afford to retire. Invariably, the statement is made that the government pension is not enough to retire on and to have a comfortable life. For the record, I want it known that […]
As the warm days of spring roll in and push harsh memories of winter to the recesses of your memories, you may find yourself enjoying the sunshine and asking yourself: What is exactly is dollar-cost averaging? I’m here to tell you that DCA can be a powerful tool for investors. In a nutshell, dollar-cost averaging […]
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, […]
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 […]