No matter how you slice it, the basics don’t really change. This blog is about money, so I’ll stick to the financial basics. Live below your means so you have some money to save and invest. Invest your money so that it grows over time. Go back to step one and repeat. Everything else is […]
The TFSA contribution amount for 2022 is $6,000. And the very best day to make that contribution is January 3, 2022, so that your money is invested as soon as possible. The sooner you contribute to your TFSA, the better since tax-free growth only starts once the money is deposited. What’s that, you say? You […]
For those about to invest, we salute you! There is now one less impediment between you and your financial goals. Back in the dark ages, which is when I first started my investment portfolio, buying securities through a brokerage was expensive. For many years, I had automatic contributions withdrawn from my bank account by a […]
Today, I read a Twitter thread about inflation and its impact on money. So many people feel that their paycheques are not going as far as they did before. Their net income is going to shelter, groceries, and utilities. Yet, they feel that it’s harder and harder to survive from one paycheque to the next. […]
Two thirds of 2021 are in the rearview mirror. You should probably spend a few minutes figuring out if you’re doing what you want with your money. have you built a solid-sized emergency fund? if you’re in a toxic work environment, have you bought horrible-boss insurance? are you investing for the future while also living […]
The chatter in the system is that inflation is coming. Hardly surprising. I would venture to say that inflation is already here. Groceries are more expensive than they were a year ago. Gas prices have risen in my corner of the world. Friends who need lumber are sharing horror stories about the price. There’s not […]
As I’ve said before, you need not make every mistake yourself. You can learn from the mistakes of others and make better choices for yourself. Luckily for you, my hindsight is 20/20. If you’re facing the choice between paying off your debt or investing your money for growth, perhaps my experience can offer you some […]
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 […]
When I was younger, I was convinced that student loans are an anchor. I believed that the best course of action was to eliminate them as soon as humanly possible. Full stop – no further discussion needed. Paying off student loans ASAP was a sign of being a mature adult. One did not carry debt […]
The question often arises about whether it’s better to invest your money or to pay down debt. My position is that you should do both. The reality is that the younger you are, the more time your money has to compound if invested. From the tiniest acorn did the mighty oak grow, and all that. […]