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Why Young People Trust TikTok for Financial Advice + MORE May 30th
When Courtney Croucher, 23, first stumbled upon “FinTok,” i.e. financial TikTok, she owed $40,000 in student loans and had no idea what her future held. It was May 2020 and she was living at her parents’ house in Cambridge, Ont., after graduating from media studies at Western Universit.... More »
The best RRSP investments 2021 + MORE Feb 24th
A registered retirement savings plan (RRSP) is an investment that is registered with the Canadian federal government. RRSPs are often described as being “tax-advantaged.” That means you don’t pay income tax on the amount you are contributing to an RRSP, in the year you earn that contribution. .... More »
Nvidia stock pops 7% to top $1,000 after earnings beat forecasts, it announces stock split and dividend hike - Yahoo Canada Finance May 23rd
Nvidia stock pops 7% to top $1,000 after earnings beat forecasts, it announces stock split and dividend hike Yahoo Canada FinanceNVIDIA Announces Financial Results for First Quarter Fiscal 2025 NVIDIA BlogAI Boom Drives Chip Stock Rally After Nvidia Smashes Wall Street Expectat.... More »
The best TFSAs in Canada for 2021 Sep 20th
As the name suggests, tax-free savings accounts (TFSAs) offer a tax break on contributions—meaning that, unlike with a regular savings account or non-registered investment account, what you earn inside your TFSA isn’t taxed, even when you make a withdrawal. TFSAs are flexible, too, allowing you .... More »
Buying a second home: How it works in Canada + MORE May 9th
What does it take to buy a second home in Canada? There’s a lot to consider, from figuring out whether you can afford to buy a second property (and whether it’s worth it) to navigating the down payment requirements and mortgage rules. To help you get started, we’ve answered these questions and.... More »
3 Secrets to Building Your Wealth
– investitwisely.com
Is there a secret to building wealth? Yes and no. Yes, there is a secret that wealthy individuals have used over the centuries. No, there is no secret because the information has been hiding in plain sight.There are three parts to this secret.
First, you must work hard at a profitable trade. Unless you can offer people genuine value, people will not pay you. Still, it’s not easy to do good work. It takes years of study and practice to get good at anything.
Second, you must keep some of what you earn. If you spend all that you earn, then you won’t be able to save enough to invest.
Third, you must study the fascinating world of investments and risk some of your savings. When you learn how to invest, then your money begins to make money for you. When that happens, you no longer have to trade in your time to generate an income.
There is more to this story, of course, but these are the three kernels that will sprout your wealth tree.
Let’s take a closer look at the third kernel: investments…
A court-appointed monitor for the Sears Canada bankruptcy process says it opposes a proposal that would effectively allocate all the failed retailer’s remaining assets to the company’s underfunded pensions.
