Life is filled with decisions, and each decision comes with its own set of risks. When making a decision it can be difficult to determine what risks you are comfortable taking. It becomes even harder when making decisions on topics you're not well informed on. When it comes to life, and specifically wealth management, how... Continue Reading →
Just under a year ago we wrote an article on the posted inflation rates. That article can be found here. Now that 2018 is in the rear-view mirror, we thought we would look at inflation with a new set of stats. Before we get ahead of ourselves, lets make sure everyone understand what inflation is.... Continue Reading →
In January we talked about Finance Tips for the Millennial. In this week's post, we dive into the next financial life stage. There are 5 general financial life stages, that occur in the following order: Early Earning Years (20-30), Family Commitment Years (30-45), Peak Earning Years (40-55), Pre-Retirement Years (55-65), and Retirement (65+). Note: There are always exceptions to the rule. Around... Continue Reading →
In life, a lot of value is given to performance. In sports, good performance merits more playing time. On the job, good performance can be rewarded with promotions, raises, and formal and informal leadership. How well someone or something performs can be very important. No matter the scenario, there are many different ways of measuring... Continue Reading →
Inflation is a key factor when evaluating an economy. If inflation is at abnormally high levels, there are many negative side effects. These side effects may include the BoC (Bank of Canada) raising interest rates, which as we know, decreases the purchasing power. Inflation can be defined as a 'sustained increase in the general level... Continue Reading →
Money is an important topic in relationships, no matter if your Jeff Bezos (CEO of Amazon and richest person in the world), or someone barely able to scrape enough dollars together for their next meal. Personal finances and money spending habits are one of the most widely misunderstood points in our relationships. We all know... Continue Reading →
With much media attention given to millennials and baby boomers, each for their respective reasons (millennials supposedly being entitled and lazy, and boomers because they supposedly ruined the economy), there is one generation that seems to be forgotten. That generation is, of course, the one sandwiched between boomers and millennials; Generation X. Gen X-ers, as they... Continue Reading →
If we look back at recent history, we can all remember the global economic crisis of 2008. Of course, many of us know that this crisis was triggered by a bubble in residential housing propped up by the availability of sub-prime mortgages. The collapse of the housing market had such a widespread effect that there... Continue Reading →
Grainews is an agricultural based publication written for farmers, and often by farmers, in a style they understand. Don and Erik work closely with author Andrew Allentuck, providing the background financial plans and theoretical analysis for Andrew's Farm Financial Planner column. Celeste, as we'll call her, is 75. She lives in south-central Manitoba and owns... Continue Reading →
