TSX getting you down? There are always sound investment alternatives.
Latest News
Top 10 most expensive homes in Metro Vancouver (PHOTOS) - Daily Hive + MORE Jan 2nd
Top 10 most expensive homes in Metro Vancouver (PHOTOS) Daily HiveIt should be no surprise that Metro Vancouver's most valuable residential real estate is located in the Westside area of the city of Vancouver, but here is a ...View full coverage on Google News.... More »
Podcast 16: Common Sense With Ben Carlson May 5th
In Episode 16 of the Canadian Couch Potato podcast, I’m joined by Ben Carlson, the author of A Wealth of Common Sense and creator of the excellent blog of the same name. Ben is also Director of Institutional Asset Management at Ritholtz Wealth Management in New York.
As someone who works with bot.... More »
Canada’s best credit cards for grocery purchases 2020 Sep 3rd
Everybody’s got to eat, which makes groceries a spending category with a lot of earning potential. How you capitalize on those purchases is up to you, but whether you’re looking for cash back, rewards or points to use at your favourite supermarket, we’ve got your best bets right here. Select t.... More »
Confused by how to pick a realtor? Here are our top picks from pros + MORE Nov 6th
While researching Marketplace's recent report on double-ended deals in Canada's housing market, we asked a few real estate experts for their best tips on what to ask a realtor before signing up in the first place. Here's what they told us..... More »
How to file your taxes when you own ETFs Dec 19th
Ask MoneySense
Is it possible to handle investments without having an accountant or tax professional? I do my own income taxes and have used the tax receipts without any issues from my bank for mutual funds. Is it possible to invest in ETFs without hiring a professional at tax time? If they are in a.... More »
4 key retirement planning decisions: Roseman
– thestar.com
Whether you retire early or late, you will make some big financial decisions. So, plan ahead and think things through.The strange case of the $748 hydro bill: Mayers
– thestar.com
When an Ottawa mortgage broker’s electricity bill went through the roof, she learned how tough it can be to take on your local utility.Investors see warmth beyond a frigid outlook
– theglobeandmail.com
First-quarter earnings expected to fall but profit warnings have failed to dent investor sentiment
How to kill your retirement plan in 3 easy steps
– myownadvisor.ca
Over the years I’ve read a number of personal finance and investing books to mature my financial acumen. For today’s post I’ll collate what I think are three great ways to kill your retirement plan.
Retirement plan killer # 1 – always living with credit card debt
Unless you have a healthy and rising stream of cash flow (good on you by the way), I’m convinced consumer debt is a great way to kill your retirement plan. Consumer debt, such as credit card debt is a HUGE retirement plan killer; who on earth pays 18% interest for months on end for money they don’t have? It’s like the Grim Reaper is holding your retirement plan in his hand.
On a personal note, my wife and I avoid most consumer debt. We don’t have any credit card debt but we do have a bi-weekly car payment. This is not ideal but we’re working on it. This brings me to my next retirement killer point…
Retirement plan killer # 2 – always having a car payment
Again, unless you have a healthy and rising stream of cash flow, borrowing money all the time to pay for a depreciating asset is not a good idea…
Retirement plan killer # 1 – always living with credit card debt
Unless you have a healthy and rising stream of cash flow (good on you by the way), I’m convinced consumer debt is a great way to kill your retirement plan. Consumer debt, such as credit card debt is a HUGE retirement plan killer; who on earth pays 18% interest for months on end for money they don’t have? It’s like the Grim Reaper is holding your retirement plan in his hand.
On a personal note, my wife and I avoid most consumer debt. We don’t have any credit card debt but we do have a bi-weekly car payment. This is not ideal but we’re working on it. This brings me to my next retirement killer point…
Retirement plan killer # 2 – always having a car payment
Again, unless you have a healthy and rising stream of cash flow, borrowing money all the time to pay for a depreciating asset is not a good idea…
