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 [...]

By |2020-03-15T14:54:14-04:00March 16th, 2020|featured, Investing, My Money, Personal Finance|

How 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 [...]

By |2020-03-28T21:04:22-04:00March 9th, 2020|Investing, My Money, Personal Finance|

LBC Digital Review

The best high interest savings accounts in Canada just got a new player as Laurentian Bank has just launched LBC Digital, an online bank that helps Canadians improve their financial health. Like many other digital banks, you’ll pay no fees and get a high interest rate which is currently at 2.25%. This is one of [...]

By |2020-03-14T13:41:04-04:00March 1st, 2020|Investing, My Money, Personal Finance|

WealthBar Review

When it comes to affordable investing, robo advisors just might be the way to go. They offer an easy, low-cost option for investors of all levels of experience. WealthBar is one of Canada’s original robo advisors. They’re based in Vancouver, BC and have recently partnered with CI Financial which is the largest independent asset manager [...]

By |2020-02-20T08:21:36-05:00February 20th, 2020|Investing, Personal Finance|

The Best High-Interest Savings Accounts in Canada

**This post contains affiliate links With Canada having some of its lowest interest rates in the last decade the thought of a high-interest savings accounts in Canada may seem absurd. To complicate things, there are so many different banks in Canada and they all have various accounts that come with different features. If you're not [...]

By |2020-03-20T14:41:25-04:00February 17th, 2020|Investing, My Money, Personal Finance|

Investing in Toronto Real Estate

If you didn’t know, the 2020 GTA Home and Reno Show is happening from February 14-17, 2020 at the International Centre in Mississauga. It’s now formally known just as the Home Show and features more than 300 vendors and speakers including investment coach Irene Lee, who has built a significant portfolio for herself and others with [...]

By |2020-02-05T16:49:37-05:00February 5th, 2020|Investing, Personal Finance, Real Estate|

RRSP 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 [...]

By |2020-03-01T20:07:18-05:00February 3rd, 2020|Investing, My Money, Personal Finance|