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 […]
Not a single one among us is born knowing how to use money perfectly. Our skill with money comes from making mistakes and learning from them. For my part, I’ve made several notable mistakes with money over the years. I’ve written before about how I failed to take action with my investment plan for 5 […]
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 […]
“Daddy, can I have some money?” asks a 6-year old Blue Lobster. “Sure – let me go pick it off the Money-Tree,” Daddy replied, in a tone I can now identify as sarcastic. “Wait! What? There’s something called a Money Tree?” Little Blue Lobster thinks to herself. “I need to get one of those.” And […]
I think I’ve made a money mistake. According to the personal finance blogs that I follow, the stock market has been on a bull-run since 2009. A “bullish” stock market is one where the stock market is rising. A “bearish” stock market is one where the stock market is falling. Since 2011, I’ve been busily […]
There’s no one perfect way to become financially savvy. Yet, I can promise you that you won’t obtain the knowledge you need unless you start today. There are very few people in your life who will care about your financial health as much as you do. If you’re lucky, your family will take it upon […]
This week, I heard a very sad story about how seniors in Canada are becoming increasingly impoverished as they age. They don’t have enough funds to support themselves in their dotage. Here’s the link to the article. I’d encourage you to read it for yourself. Here’s one of the main take-away’s from the article. If […]
This week, I had the pleasure of reading a fantastic article about saving for financial independence and early retirement that was written by Mr. Tako of www.mrtakoescapes.com***. In this magnificent article, Mr. Tako discusses his surprise that anyone would view his choices as “hardcore” on his pursuit to financial freedom. By following his own plan, […]
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, […]