Building Your Wealth: What You Need To Know Before Investing In Mutual Funds
An investment is an asset or item that is purchased with the hope it will generate income or will appreciate to create future wealth. There are lots of types of investments – from stocks and bonds, antiques, art and collectibles, and real estate. All investments have different ways of being selected and purchased, and each…
Read More5 Keys To Becoming Financially Free
We want to be financially free by the time I reach 45. That freedom will allow us to pursue our passions much earlier than traditional retirement age. To get there we’ll need to be debt-free and have sufficient assets and other income producing endeavours to allow me to leave full-time employment behind. Unlike some early…
Read MoreWeekend Reading: End Of Summer Edition
Our kids go back to school next week and so this officially marks the last weekend of summer for parents. We’re very excited to have a brand new elementary school open this year right down the street from us, which means no more early mornings waiting for the bus. Our oldest enters grade three this…
Read MoreBanks Dropping The Ball On Children’s Banking Options
Children start saving money at an early age. Eventually they will need an alternative to their piggy bank to stash their cash. One of the best ways to teach children basic money skills is to have them open a bank account. Once upon a time, youngsters would leave the bank branch proudly clutching a passbook…
Read MoreRedeem Aeroplan Miles For Flight Rewards: 7 Experts Share Their Secrets
I’ve earned a ton of Aeroplan miles over the last 24 months from credit card sign-up bonuses and Air Canada flights. With my balance now hovering around 165,000 miles, I’m starting to ponder how to extract the most value from the loyalty program. From years of research I know it’s best to redeem Aeroplan miles…
Read MoreWeekend Reading: Canadian Financial Summit Edition
The good folks at Young & Thrifty have put together an awesome initiative called the Canadian Financial Summit. It’s a unique online conference taking place September 14-16 with more than 25 Canadian personal finance experts sharing their insights, tips, and secret money hacks. The conference is completely free to view during that time, or you…
Read MoreFrom The Boomer & Echo Mailbag: Repaying The Home Buyers’ Plan Loan
Q. Last year (2016) my husband and I bought our first home. For part of the down payment we withdrew from our RRSPs under the Home Buyers’ Plan – $25,000 from mine and $10,000 from his. We’ve had a lot of expenses this year and money is a bit tight. What happens if we don’t…
Read More25 Money Savings Tips
Running a household can be expensive. Big savings on things like mortgage rates and large purchases are worth more dollar wise, but you can also save by cutting back on smaller stuff. A lot of what we do are just habits. With just a little thought you can easily minimize costs. Here are some real…
Read MoreWeekend Reading: Simplii Financial Edition
President’s Choice Financial will end its 20-year banking agreement with CIBC beginning November 1st. CIBC, which managed the personal banking services for Loblaws under the PC Financial name, will now take direct control of the roughly $2 million PC Financial bank accounts under the new name – Simplii Financial. PC Financial is keeping its credit…
Read MoreThe Problem With Core And Explore
A core and explore investing approach can give you a taste of both passive and active strategies. The idea being that you put 90 percent of your portfolio into a low-cost, broadly diversified set of index funds or ETFs, and then put the remaining 10 percent of your portfolio into investments that have potential to…
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