After the FED raised interest rates in the U.S., the Bank of Canada did the same. In July the central bank increased rates by 0.25%. This means the Prime lending rate at banks is now 0.25% more expensive for borrowers. What does this mean for Canadians in debt? It means we should reduce our debt balances to normalize our… Read More »
Is the 4% rule in retirement reliable? There’s a general rule of thumb that says if you retire you can safely withdrawal up to 4% of your nest egg every year without it running out before you kick the bucket. Financial advisor Bill Bengen, now retired, came up with this guideline after testing a variety of withdrawal rates… Read More »
Why too much cash not a good thing Holding some cash for emergencies or short term opportunities is a sound idea. But having too much cash sitting around instead of putting the money into investments can be financially unwise. Like most things in life, there is a cost component to cash. Usually cash produces lower returns than other… Read More »
It seems like every month the stock market is reaching new highs. Stock investors like myself have benefited greatly from the second longest bull run in history. 🙂 But it’s becoming very difficult to find value in traditional asset classes such as stocks, bonds, and real estate. So I’ve been looking at cryptocurrencies recently. As with any potential asset… Read More »
It was a slow month in July. But at least I’m back in the black. 🙂 Household expenses were pretty normal, but incomes were above average; I received $800 of interest payments from a variety of loans such as P2P lending contracts and mortgage investment corporation funds. Yay! Liquid’s Financial Update *Side Incomes: Part-Time = $1100 Freelance = $700 Dividends… Read More »
One of the best thing we can do with our incomes is to deploy it as efficiently as possible. This means spending money on the highest priorities before paying for less important things. In 2015 I created a priorities list detailing how to spend one’s income to maximize financial success. The last time I updated that was chart was last… Read More »