In the last couple of years, there has been a group of people enthralled in the F.I.R.E. movement. I can see why many think that F.I.R.E. (Financial Independence, Retire Early) is a perfect life. Almost every personal finance site you go to will mention all the perks and joys of early retirement. I think most... Continue Reading →
A while back we talked about the 5 big mistakes to avoid during retirement. This week we want to focus on financial mistakes to avoid when you're younger. A lot of time younger people downplay financial decisions because "retirement is still so far away". However, the financial decisions that we make now can have an... Continue Reading →
In last weeks blog post we talked about a technical concept called "Upside/Downside capture" (If you haven't read that yet click here). In order for a portfolio to have good upside and downside capture, there needs to be proper diversification. What is diversification? Diversification is a way of systematically spreading your investment assets around so... Continue Reading →
In the world that we live in today, most people will carry debt at some point. Being approved for and paying for debt becomes a lot easier and more affordable with a high credit score (read about why your credit score matters). However, when someone doesn't have a good credit score, being approved for a... Continue Reading →
The American Social Security system has been under a lot of scrutiny lately, many questioning its sustainability. With the potential downfall of American social security, we thought it would be interesting to take a look at the current status of the Canadian government benefit system. The main government benefit in Canada is the Canadian Pension... 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 →
"Canadian Average Debt Load now up to $22,081, 3.6% rise since last year" "Canadian Household Debt reaches $1.8 Trillion..." "Canadian Consumer Debt Just Keeps Growing" These are just a few of the alarming headings that we see showing up in the mainstream press on a more frequent basis. But how much validity is there behind these statements,... 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 →
Last week we talked about Generation X and the tendency for them to be the overlooked generation. We also established that the average Gen Xer was rather ill-prepared for retirement relative to their stage of life. If you missed that blog post you can read it here. For those of you that felt uncomfortable thinking... Continue Reading →
