Do you feel like you need to be a banker, accountant, economist and stock market analyst just to keep the family finances in check? Should it really be so hard to cover the household bills, make the payments on the car and mortgage, put away a little for the kid’s education, and make some solid investments that will hopefully leave […]
An investment (or rental) property, can be a great option for generating additional monthly income and growing your wealth over time, if done properly. This strategy has multiple options and outcomes that can benefit Canadians such as: Supplementing income now and boosting pension in the future creating more financial freedom Allowing you to buy your dream retirement home now and […]
If you are a Canadian living in debt, you are not alone. According to Statistics Canada, household debt grew faster than income last year, with Canadians owing $1.83 for every dollar of household disposable income to debt(1). • Canadian households use almost 13.48% of income for debt re-payment(2). • Rising inflation and interest rates (1). • The cost of living is projected to […]
So! You think you’ve found your dream home, and you can’t wait to check it out in person. Before you go, here are a few things that are important to look out for during a home tour: Odor: Unusual smells can indicate problems, especially mold or mildew issues. Plumbing and Electrical: Check water pressure as well as electrical systems to […]
It’s difficult to find timeless advice in the ever-changing world of personal finance but these five are about as close as you can get. 1. Start small and start early with investing Only around 5% of Canadians under 25 have a TFSA, which means 95% have already missed out on 7 years of compounded returns. Starting small could be as little […]