On the journey to financial independence or building wealth, there are only 2 main ways: either you increase your income, or reduce your spending and save more. There are not many shortcuts around it unless you get into some get rich scheme, or win some lottery, or your crypto coins explode ...
The Ultimate Guide to Improving Your Credit Score
Imagine this: you are trying to buy a new car, but the finance department tells you that your credit score is too low to get a loan. You know that you have the money to pay for the car outright, but you want to take advantage of the lower interest rates that are available with a loan. In this ...
The basics of budgeting for beginners- Budgeting 101
Having a budget is one of the most important things you can do in order to keep your finances in order and looking after your family. There are many reasons why you should budget, from knowing how much money you have coming in, to maintaining a healthy cash flow, to monitoring where your money goes! ...
Everything you need to know about TSFA and RRSP accounts
When it comes to saving for retirement, or even financial independence, you cannot afford to overlook the effect of tax on your portfolio. For people who have never invested (even on their own or with the support of a broker), understand the different type of accounts - along with acronyms and ...
Top 5 Money Mistakes I Wish I Hadn’t Made
Money mistakes are something that we all wish we hadn't made at some point in our lives. Unfortunately, learning from our own money mistakes can be costly and sometimes downright devastating. Even though I am a CFA and used to work in the finance industry, personal finance is not the domain I have ...