Try A 30-Day No Spending Challenge

Try a 30-Day No Spending Challenge

The rule is simple. Cut out all non-essential spending for one month. No dining out. No trips to the craft or home improvement store. No new clothes or gadgets. No movie theatre, local pub, or sports event. Absolutely no credit card purchases. You still need to pay your normal bills – rent or mortgage, utilities,…

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Easter Weekend Reading

Work Hard Now So I Can Play Later

Long weekends for most people are a time to rest and relax with loved ones, maybe get away for a couple of nights to a hotel or out to the cottage. I enjoy R&R as much as the next guy, but for me nothing beats a long weekend to work on my side hustle and make some…

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It’s Time To Overhaul The Finance Industry

Time To Overhaul The Finance Industry

Canadians have been abuzz with the news of shady bank practices and the “what’s in a name?” controversy over advisors vs advisers instigated by the CBC. But the real problem is how the entire financial industry is regulated. Provincial regulators need to overhaul the requirements for the financial industry to better protect investors. Sure, they’ve…

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Which Accounts To Tap First In Retirement?

Which Accounts To Tap First In Retirement?

Retirees, or those close to retirement, might have several buckets from which to withdraw income in retirement. There may be assets in RRSPs, taxable or non-registered investment accounts, TFSAs, and possibly corporate or small business assets. At retirement you need to consider which of these accounts to tap into first. To further complicate matters you might also…

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Building Your Wealth: Employee Stock Purchase Plans

Employee Stock Purchase Plans

I regret to say I didn’t participate in my employer’s pension plan. However, I did join the employee savings plan – now called employee stock purchase plans. The resulting investment eventually became the backbone of my retirement plan. Many employers have stock plans that allow their employees to purchase shares in the company at a…

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A New Way To Look At Sustainable Investing

ScotiaiTRADE ESG Sustainable Investing

It’s not often we can equate green and sustainable business practices with the oil and gas sector but at a recent leadership summit I had the pleasure to hear Imaginea Energy founder Suzanne West share her ambitious vision to ‘green’ the oil business. Ms. West attended Richard Branson’s leadership gathering at Necker Island where she…

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