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 →
With all the ups and downs in the market and all the doom and gloom in the headlines, it is hard not to wonder if all the headlines are true. If some form of recession were to happen, it is best to be prepared. Before we get into how to prepare for a recession, we... Continue Reading →
With the new year now just underway, we have decided to start a new segment on our blog. Each post will focus on a specific age group. As we age and journey through life we also go through very different financial stages. There are five general financial life stages: Early Earning Years (20-30), Family Commitment... 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 →
When considering the impact personal finances have in one's life, its hard to believe that many never consult financial professionals. In a survey conducted by Harris Poll, 62% of respondents claimed to have no financial advisor of any kind. An astonishing number, since financial decisions are some of the biggest and most emotionally impactful decisions... Continue Reading →
