How to Find the Best Financial Planner Financial planning can be simple, but it can also be very nuanced. So who is the best person to help you create your perfect financial plan? The answer is simple. That person is you. 😀 Here’s why. Unlike a meal plan or other short term aspirations, a financial plan isn’t an event… Read More »
Insolvencies by Age and Province A lot of money is tainted. It taint yours, and it taint mine. 😀 That’s why it’s important to make the most of the money we do have and spend it responsibly. But sometimes if we don’t have enough money to buy what we want, we’ll need to use debt. There’s nothing inherently… Read More »
If money didn’t exist, we’d all be rich. However the reality is that society needs a simple and effective medium of exchange so the economy can run efficiently. Since money is so ubiquitous, yet also finite, we should try to maximize its utility by controlling and spreading our spending over time. Sometimes this means delaying a purchase until a future… Read More »
We often become what we repeatedly do because we are creatures of habit, and usually the best way to form a habit is to start early. 🙂 In a book I once read, Secrets of the Millionaire Mind, there’s a story about a successful professional who makes a six-figure salary and lives in a nice house with expensive cars. But… Read More »
Rich people value financial security while the middle class focuses on job security. There use to be a time when these two terms meant the same. When I was going through school my parents wanted me to have a good education, so I could go on to get a high paying job someday. But that was the old way of… Read More »
There are certain lending rules that banks are expected to follow when they approve someone for a mortgage. In Canada, the lending rules are… 1) No more than 32% of our gross income can go towards housing related expenses like mortgage, heating, property tax, etc.. 2) No more than 40% of our gross income can to towards making… Read More »