12Apr2024
Personal Finance
April 12, 2024
As parents, we are constantly looking for ways to secure our children's future. One powerful tool in this endeavor is the Registered Education Savings Plan (RESP). In this blog post, we'll delve into how RESPs work and explore the compelling reasons why parents should consider opening one for their children.
15Mar2024
Personal Finance
March 15, 2024
You've been diligently squirreling away money into your Registered Retirement Savings Plan (RRSP), preparing for golden years ahead. But what happens if you accidentally overdo it? Do men in black suits and dark sunglasses come knocking on your door? Is everything lost? Let’s unravel this mystery together.
1Mar2024
Personal Finance
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March 1, 2024
The North American Financial landscape is constantly shifting and changing. There are some really great books out there that will teach you the fundamentals of investing and personal finance, and they’ve been around a long time for a reason. That said, most of them haven’t been updated to look at new realities of the world. In Canada, for example, we’ve got a full-blown housing affordability crisis on our hands, to the point that a full generation has all but given up on the dream of owning a home. We’ve also got the government’s attempt to help with that, in the form of the First Home Savings Account (FHSA). Older finance books sometimes miss out on modern concepts, and so I’ve got an updated list of recommended reading for you today.
18Jan2024
Earning Extra Cash
January 18, 2024
It’s the New Year, and as many of us take time to reflect on the year we’ve had and plan for the year ahead, starting a side hustle is one goal that I’ve noticed is on the list for many. It’s a fantastic goal – after all, who doesn’t want to earn more money so they can live better or retire faster? Like any entrepreneurial pursuit though, it comes with its fair share of challenges. In today’s post, we'll explore some of the common pitfalls faced by side hustlers, along with tips on how you can avoid them.
20Oct2023
Investing
October 20, 2023
It’s a crazy question to ask. I mean, $2 million is a LOT of money, right? You should absolutely be able to retire comfortably with that much money! Except that it isn’t as much as it used to be. Over the years, inflation eats away at the value of our money, and the purchasing power of a number as impression as $2 million gets lower and lower. But is it still enough to retire on? Let’s take a closer look.
8Sep2023
Investing
September 8, 2023
Cryptocurrency has taken the financial world by storm over the past decade, offering unprecedented opportunities for profit and innovation. That said, a raging debate surrounds the nature of crypto: is it really a form of investing, or nothing more than a high-stakes gamble? In today’s post, we'll delve into the arguments on both sides of the spectrum.
11Aug2023
Investing
August 11, 2023
For many of us, investing can feel like a chore. It’s generally thought of as something you have to do, not something you want to do. But what if we could change that? Wouldn’t investing in your future be easier if it were something you actually looked forward to doing? Luckily, there are ways to do exactly that. Here are three easy ways to gamify your investing efforts and hack your psyche so that you actually look forward to doing it.
28Jul2023
Personal Finance
July 28, 2023
The decision to rent or own is one that faces many young adults at some point. For some, the reality of their local housing market means the decision is made for them. For others though, the road is a little less obvious. So how to decide between renting and owning a home? Here are five things to keep in mind.
30Jun2023
Investing
June 30, 2023
Say you’re an investor who’s just starting out. You don’t have a ton of money to invest, but you know that you want to own individual shares of companies you admire. Think you’re out of luck? Think again. Today we’re going to dive into the topic of fractional shares, which are a game-changer for beginner investors.
16Jun2023
Personal Finance
June 16, 2023
If you live in Canada, it’s a frustrating time to be buying your first home. Even with interest rates being the highest they’ve been in over 20 years, home prices are rising, having gone up by over 2% in May of this year. For the younger generation, the promise of building wealth through homeownership feels like a dream that’s all but faded after waking up to reality. The implications of this go far beyond affordability though. Here are 6 other negative impacts that Canada’s red-hot housing market has on our young adults.
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