You Should Always Be Saving Money!
There is no way around it. You should always be saving money – some way, some how. Life is expensive, and it only gets more so. Name one essential thing in your life that has gotten cheaper over the...
View ArticleCan You Save Too Much Money?
This question recently came up, and I’ve been noodling on it ever since. My whole adult life, I’ve been following the habit of maxing out my RRSP, my TFSA, and saving another chunk of my paycheque in...
View ArticleMoney Habits Ought Not to Be Underestimated
When I first delved into the world of personal finance, I came across the idea that savers have trouble spending their money. Basically, the belief is that those who have saved all their lives are...
View ArticleTake Action Today – Don’t Wait for New Year’s Eve!
As you may know, I’m not a fan of New Year’s resolutions. To my mind, if something is good for me, I should start doing it today if it’s in my power to do so. Waiting for some arbitrary date on which...
View ArticleGo for Growth – Maximize Your TFSA
Starting on January 1, 2023, the contribution room to the Tax Free Savings Account will increase from $6,000 to $6,500. If you’re fortunate enough to have any money to invest, take advantage of...
View ArticleDepending on the Kindness of Strangers is Risky
Have you seen the article about the 82-year old Walmart employee who received over $100,000 from strangers so that he could retire? This story makes me very, very sad. I’m not sad because people...
View ArticleDo Your Parents Have a Pension?
Most of the time, I talk to you as though you’re the only person you have to support with your income. The reality is that many people support their parents to some degree. If your parents are still...
View ArticleRetirement Is Not An Age. It’s A Bank Balance.
Truth be told, retirement is a bank balance. People commonly think that of retirement in terms of an age. Traditionally, it’s been age 65 and lately it’s been cropping up to age 70. For a little while...
View Article30 Years of DIY-Investing Has Paid Off
When you know better, you do better. Maya Angelou This past weekend, I celebrated a rather significant birthday. It was also the 30-year anniversary of when I started my investing journey. As I’m wont...
View ArticleIncreasing my Passive Income in a Few Clicks
This week, I gave myself a $600 annual raise. No, I didn’t get a promotion or take a different job. Instead, I simply increased my passive income by buying some bank stock. As I’ve said before, salary...
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