Everyone wants their very own money tree. Financial problems would be so much easier to solve if you could just pick money off a tree and pay whatever needs to be paid. Well, I’m here to tell you that you do have the power to do this. All it takes is a little bit of […]
Yay! The time has finally come. You’ve opened your brokerage account and you’re ready to start filling it with money-makers. It’s time to ask yourself if you want dairy cows or beef cattle? Steers are grown to become beef. You buy the calves, grow them up, then send them to slaughter. If you’re very lucky […]
I have a secret to share with you… I think that a little bit of pessimism goes a long way towards achieving financial independence. When most of us start working, we’re chipper and happy and excited to be getting a paycheque. It’s lovely to have some spending power! And most of us use that power […]
I think it’s important for you to have money milestones, some kind of target that you want to achieve with your money. Maybe it’s getting the first $100 into your emergency fund. Maybe it’s paying off your debt or getting to positive net worth. Perhaps you want to ensure that your portfolio kicks off enough […]
Most of the time, I talk to you as though you’re the only person you have to support with your income. The reality is that many people support their parents to some degree. If your parents are still working, then you should find out if your parents have a pension. Will it be enough to […]
This year, I will have been engaged in DIY-investing for 3 full decades. Wow! It sounds like a long time, doesn’t it? Believe me when I say it went by quicker than two shakes of a lamb’s tail. Have I made mistakes? Plenty! Did I have too much hubris along the way? Probably. Could I […]
Starting on January 1, 2023, the contribution room to the Tax Free Savings Account will increase from $6,000 to $6,500. If you’re fortunate enough to have any money to invest, take advantage of tax-free growth and invest it under the TFSA umbrella. It should be obvious but I’ll say it anyway. Investments grow faster when […]
I’ve enough life experience to know that life gets in the way of the best laid plans. And since this is a personal finance blog, I’m going to try and expound on this idea as it impacts your money decisions. It’s easy to tell people to invest consistently. Showing others how to set up automatic […]
One of things that I’ve always understood about investing is that money works harder than people are able to. Money never gets tired, sick, distracted, or unmotivated. It literally works around the clock once it has been invested. People can’t do that. People need food, rejuvenation, sleep and time with loved ones. Those items are […]
One of the ways to ensure that you meet your goals is to review your progress along the way. Doing so involves taking stock and making tweaks as necessary. No journey is perfect for all people in all circumstances. That’s simply not possible. As a matter of fact, there is no such thing as a […]