Compound Interest Definition and Explanation
Compound interest is a common term you hear when it comes to investing. But, what exactly is compound interest, how does it work, and how can you best take advantage of it? I’m sharing what you need to know in this compound interest explanation. Compound interest definition So, what is compound interest? Compound interest is…
Read MoreHow to Build a Relationship With Your Financial Advisor
I’ve worked with a handful of financial advisors over the years and I can honestly say I’ve never had a relationship with any of them until I connected with a fee only financial advisor. This shouldn’t be too surprising as many financial advisors (who are associated with a bank or investment firm) don’t exactly have…
Read MoreHow Trip Cancellation Insurance Works
I always tell people that having travel insurance is a must whenever you travel. Not only should you have travel medical, but you should also have travel insurance that covers things such as trip cancellation, flight delay, baggage delay, car rental theft, etc. Having travel insurance covers you in the event that you need medical…
Read MoreThe Credit Cards I Use
Quite often people ask me what credit cards I use. It’s not a weird question since I love talking about credit cards, so it’s only natural that I share what’s in my wallet. I actually wrote this post back in January of 2015, but it’s time for a much-needed update. It’s been 3 years since…
Read More5 Reasons You Need to Create a Will Before Your Next Trip
Whether you’re a seasoned traveller or taking your first big trip, the key to a stress-free vacation is planning ahead. But before you start packing your flip flops and swimsuit, make sure you’ve got this one essential travel item: a will. Why do you need a will before heading out on your trip, you ask?…
Read More4 Ways to Save Money on Your Taxes When You Have a Side Hustle
**This is a sponsored post written by me on behalf of Turbotax. All opinions are my own. Side hustles have become a big thing over the last few years. If you’re unfamiliar with the term, it’s when you do some extra work on top of your day job that brings in a little bit of…
Read MoreThe Cost of Travel: See the world without spending a fortune
As a budget travel expert, I’ve come across a ton of ways to save money over the years. I’ve written about them in multiple posts, but now I’ve put all those tips together in an eBook. The Cost of Travel: How to see the world without spending a fortune is available to you for free!…
Read MoreIs an RRSP Loan Worth it?
Should you get an RRSP loan? That’s a question that I’ve been getting a lot as of late. At first, I was like this is a very specific question for new investors to be asking, then I realized that banks advertise RRSP loans all over the place. They make it sound like it’s an excellent…
Read MoreThe Easiest Way to Start an RRSP
Your podcast feed and Youtube stream are often interrupted by promises of dreamy retirements and passive-aggressive shaming about how you really need to get started saving. Yup – it must be “RRSP season” again. I have never liked RRSP season. There is no logical reason why the date for which you can “count back” RRSP…
Read MoreRRSP Mistakes to Avoid
Although registered retirement savings plans (RRSP) have been around for more than 50 years, many people are still confused about them. Understanding the basics is one thing, but people often struggle when deciding between using their RRSP vs. TFSA. To complicate things, there are many RRSP mistakes that you can make. That can be something…
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