Investing

RRSP Update – Jan. 1, 2015

Happy New Year everyone! First off, you may have noticed the new layout, it’s been a work in progress hence the lack of updates but I love the new look. Big shout out to my friend Andrew for helping me build it. I’m starting the New Year with an RRSP update. As mentioned previously, I plan…

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Compound Interest is my BFF

Compound interest is a beautiful thing. Albert Einstein called it “the greatest mathematical discovery of all time” and “the 8th wonder of the world”. I simply call compound interest my best friend forever

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TFSA Questions From New Grads

Tax Free Savings Accounts (TFSA) have been around since 2009 yet many people still don’t quite get how they work. The Canadian Revenue Agency does a good job explaining tax free savings accounts on their website, so I’m going to focus on answering some common TFSA questions that new grads have. When should I open up a…

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5 Money Management Tips For Your First Job

Congratulations on your first job! Your first paycheque will probably be the most money you’ve ever seen so figuring how to manage your new found wealth needs to be a priority. It’s a fine balance between paying off debt, saving for the future and of course spending a bit on yourself. Taking care of your money doesn’t…

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How The Wu-Tang Clan Teaches Us to Save Money

Its been 20 years since the release of the Wu-Tang Clan’s song C.R.E.A.M. and not only did the song influence the world of hip hop but in my opinion it is the only rap song that teaches us to obtain money vs. spending it. Here’s how interpretate the lyrics: Cash Rules Everything Around Me C.R.E.A.M. Get the…

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Saving for Retirement, Talk About it

Saving for retirement has become increasingly difficult for Canadians but it can be a lot easier as long as we’re willing to talk to our partners about it.  I was shocked to read that only one third of Canadians aged 50 and older have discussed how they plan to fund their retirements according to a survey done by…

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What is The Ontario Pension Plan?

Kathleen Wynne and the Liberals formed a surprise majority last week and one of her big campaign promises was a proposed Ontario Retirement Pension Plan (ORPP).   The Liberals are calling this Ontario Pension Plan “Security For All” but is it really? Here’s a FAQ I’ve put together on the Ontario Pension Plan based on the information…

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Maximizing Employee Stock Plans

It’s pretty obvious that free money is awesome but I can understand that maximizing employee stock plans can be tough. With all of our daily expenses, it’s hard to find some extra money for our benefits. But here’s the thing you don’t actually need to save more money, just look at what you’re saving now…

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How I Got My Deferred Sales Charges Waived

A while back I wrote Signs your advisor doesn’t know anything.  This was a controversial post as some of the things I brought up didn’t sit well for some readers, but I will say this; the same points that I brought up is ultimately what helped me avoid paying deferred sales charges (DSC). This is not…

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Signs Your Adviser Doesn’t Know Anything

This is a follow-up to my recent interview with Preet Banerjee which can be found here. After being disappointed with my once a year mutual fund check up at my bank I thought it would be a good idea to switch to a financial institution that dealt with just investments.  I figured my adviser would be looking out…

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