Personal Finance

Joint Bank Accounts

We’ve all had the family finances talk and we’re still alive right?  Good lets move onto one aspect of our finances that affects all of us. Joint bank accounts! Setting up joint accounts are important but so is having individual accounts so each of us still retains a bit of financial independence. The following is…

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The Family Finances Talk

You know when it comes to relationships; money is the hardest things to talk about.  How we see our individual and family finances is something we don’t like to talk about with our partners. It’s true money is a sensitive subject and it’s definitely a hard subject to bring up but if you see yourself…

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Canadian Housing: What we should know

A couple days ago I talked about Canadian housing premiums and the cost of life when purchasing a home.  A few of the points I brought up should have been obvious but the reality is many of us really are stuck in the monthly payment trap. I have no real answer when it comes to home…

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Canadian Housing premiums and the cost of life

A weird thing happened a few weeks ago, journalist were told in advance of a major announcement coming from the Canada Mortgage and Housing Corporation (CMHC).  We were all excited, what would this announcement be? We were hearing rumours that CMHC could become privatized or the minimum down payment for getting a mortgage would be…

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The Canadian Dream: What happened to middle-class?

The Canadian dream is a myth more than a reality.  This was the headline making the rounds this weekend and it was picked up by quite a few of the media outlets. The original story came from the Canadian Press and it focused on an internal Conservative government report prepared by the department of Employment and…

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Stop Over-Thinking Your Money! Book Review

The New Year is a great time to look at your finances and think about what goals you may have for the year ahead.  Arriving just in time to do just that is Preet Banerjee’s book Stop Over-Thinking Your Money! The Five Simple Rules of Financial Success.  Full disclosure, I have appeared on Preet’s podcast and I consider…

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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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Three Saving Rules I live by

After reading this interesting post Super Simple Ways to Save More Cash I was excited to find that I already followed 18 out of the 20 tips.  Some may find following all of My Own Advisor’s tips a bit much so I present to you; Three Saving Rules I Live By. Pay Yourself First I admit it, I’m…

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