Risks In Real Estate

Recently there have been a lot of news articles talking about real estate deals gone bad. First there were the Mattamy homes in Whitby that dropped almost $100,000 in price this year. Buyers from last year had remorse and begged to get their home prices readjusted but to no avail. Then came another Mattamy story…

Budgeting Below Your Means

I’ve read a lot of articles teaching people how to budget properly, but every article I read always assumes that the entire budget represents your monthly income. Why not change it for once? Let’s assume you make way less! It might seem logical to most people that if you get a raise it means you…

Failing Hard

This might seem stereotypical, but through my own personal experiences of talking to individuals about personal finance, there are drastic differences between the two genders. Women tend to repeat the following: “What are mutual funds? I don’t know anything.” “Stocks are too risky” “I just want to buy a home” Men tend to be on…

Reset Your Financial Goals

It’s not unusual for us to to want to spend our money when we are flushed with extra cash. Everyday we are bombarded with advertisements on television, Facebook and our mobile phone games. We live in a consumerist society. There’s no wonder why Canadians are so much in debt and many homeowners fund their lifestyles…

What is FIRE?

There’s a growing trend with younger Canadians to stop following the “Canadian dream” of home ownership and deciding to take the road of FIRE instead. Just what is FIRE? It stands for Financial Independent and Retiring Early. Perhaps popularized by the writer of Mr. Money Mustache, the idea is to reach financial independence at an…

Making The Right RRSP Choice

The RRSP deadline for Canadians that want to make a contribution is on March 1, 2018. That leaves just under 2 weeks away if you want to make a contribution this year. As RRSP goes, Canadians are making less and less contributions towards their retirement. In fact, as reported by the CBC, Canadians have been…

Becoming The Shareholder Class

Everyone bashes corporations for generating record profits. Each year corporate profits are getting higher and higher, yet costs to live keep going up and up and wages are not going anywhere. So what gives? Why are corporations allowed to keep profiting on the backs of the little guy? What benefit does it provide the little…