6 Ways Businesses Can Use Money Wisely + MORE Nov 19th

The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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3 Canadian stock to own in Feb 2022 Feb 1st

Many popular growth stocks have fallen more than 20 percent or more over the past few weeks. However, assuming a company’s business is intact, volatility over the short term could turn into long-term wealth if investors keep a level head. If you’re trying to take advantage of this drop.... More »
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Is taking on debt always bad? Or is there such a thing as ‘good debt’? Sep 5th

Not all debt is bad. Good debt is when you borrow money to buy assets that tend to increase in value over time, which can help build wealth..... More »
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Making sense of the markets this week: May 28, 2023 + MORE May 26th

Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors. Hitting our head on the U.S. debt ceiling By far, the dominant force influencing markets this week was the completely illogical far.... More »

TFSA vs RRSP: How to decide between the two + MORE Mar 29th

One of the most common questions out there is whether to invest in a registered retirement savings plan (RRSP) or a tax-free savings account (TFSA). Both will help you save, and save on taxes, but each works in a different way. Understanding how these accounts work will help you decide which is best.... More »
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Five core financial principles that lead to wealth — for anyone Dec 16th

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Expedia for TD: How to maximize your TD rewards credit cardYou’ve surely heard of travel site Expedia, and you’ve heard of TD Bank. But have you ever booked travel through the Expedia for TD website? The program, which marries the travel service with the banking brand, delivers substantial earnings and deals to travellers who book through their branded portal and pay with a TD credit card. Let’s take a look at how the program works, and how to reap the most rewards.
About Expedia for TD
Expedia for TD is a segment of the TD Rewards environment, so the “currency” you’re collecting is TD Points that can be redeemed for merchandise, gift cards, cash and, importantly, travel. One of the major benefits of the TD travel program is that it’s flexible. It allows you to book your flights, hotels, cruises and excursions through any provider you choose and use your points against the expense, even up to 90 days after your purchase.
When you log into Expedia for TD, you’ll see a TD-branded version of the Expedia site. Here, you can redeem your TD Points for flights, hotels, car rentals and more, but the real incentives come by way of redemption rate, flexibility and earnings…

Continue Reading On moneysense.ca »

6 Ways Businesses Can Use Money WiselyOf the many moving parts that go into running a business, the financial structure is arguably the most important one to manage. This stems from the fact that this structure is what dictates in what direction business can go. Also, it dictates how quickly they can go in that direction. For example, if a business has the goal of expanding to a new market, the amount of financial backing they have will determine when they can do so when it’s most efficient or if they can do it at all. This is just a small example of the many processes the financial structure of a business dictates. Other notable processes include payroll amount, the number of business expenses they can acquire, and other similar financial obligations. As for how a business can better manage this structure, that will mostly come through their cash flow.
More specifically, businesses have to balance having enough funds to cover these obligations with other processes through an industry that tends to provide inconsistent revenue sources…

Continue Reading On investitwisely.com »

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