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Wealthsimple review 2022 + MORE Jun 28th
After eight years on the marketplace, the Wealthsimple brand has developed a strong reputation for offering easy-to-use, low-fee financial services online. But it’s come a long way since its humble beginnings exclusively as a robo-advisor, branching out to include a discount brokerage (Wealthsimpl.... More »
‘Death by a thousand cuts’: How to take stock of your subscriptions + MORE Dec 29th
With subscription services offered in almost every category these days, it can be hard to keep track of exactly how much you’re spending on a monthly basis..... More »
Compare the best GIC rates in Canada 2022 Jan 5th
How to use this tool: Simply scan the table below to view GIC interest rates offered by financial institutions across Canada. Click on one of the tabs at the top of the table to focus on your choice of non-registered, registered, TFSA-eligible or U.S. GICs.
Or, follow the prompts in the six fields a.... More »
Making sense of the markets this week: January 16 + MORE Jan 14th
Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors
Growth vs the Fed: the battle of 2022
This year’s battle for the markets is shaping up. In one corner we have ongoing economic growth. In the other corner we have the Fed.
.... More »
Happy finances, happy couples. Six steps to ensure financial happiness in 2023 Dec 26th
Set aside your emotions, budget and curb overspending and work as a team to ensure your financial future, writes personal finance columnist Lesley-Anne Scorgie.... 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.
