Building Your Wealth: What Makes Sense for You?

A pink piggy bank and, with the word "save" on it and a bag filled with money, with the word "invest" on it, sit on a table surrounded by piles of gold coins. The title reads, "Building Your Wealth: What Makes Sense for You?

Just to recap, over the last few weeks I have discussed controlling your finances—from tips to control your spending, keeping control of our currency, to controlling your borrowing. What about controlling how we build our wealth? Building our wealth is good but I don’t want you to take my word for it, take it from … Read more

Who decides what you owe?

A bag of money, a car and a home all sat atop a balance scale, with the title, "Who decides what you owe?"

The last couple of weeks I have been speaking about controlling your money. From using cash for day-to-day expenses, to avoiding digital currencies. Many Canadians don’t realize that they can take control of their borrowing as well. For example, when it comes to most people’s largest borrowing, our mortgage, we defer all the decisions to … Read more

Does Canada need digital currency?

The picture is two cell phones laying on a table with coins arcing between them, with the title, "Does Canada need digital currency?"

Last week I wrote about the benefits of using cash for our day-to-day purchases. As mentioned, studies have shown that we tend to spend 17% less by using cash than by using credit or debit cards. Unfortunately, the Bank of Canada is currently exploring the creation of a Digital Canadian Dollar. At this time the … Read more

Cash is King!

Canadian money lying on a table with the title, "Cash is King!"

With the first long weekend of the summer upon us, I thought I would share a secret that will keep 17% more money in your wallet AND make it easier for you to keep looking slim and trim and keep that summer bikini beach body. Sound good? This may sound too good to be true, … Read more

Who do you listen to?

A white do with a black nose with his ears perked up as if listening. The title reads, "Who do you listen to for financial advice?"

After last week’s post about being careful who you get financial advice from, here are four things to look for when deciding who to get financial advice from: 1.      Competence and Professionalism. The quickest and easiest way to identify their competence and professionalism is their industry designations. This tells you if they have taken the time and spent … Read more

Tax Refund Ahead

Yellow caution sign with the sords, "Tax Refund Ahead."

We are coming to the end of tax season. Are you excited about getting a tax refund? Most Canadians are because they feel good that they are getting something for nothing, and the refund cheques are often used to buy treats or luxuries. Consider that getting a tax refund is just you giving an interest … Read more

6 Streams to Pull Retirement Income From

6 Streams to Pull Retirement Income From

The way I see it, Canadian’s are not taking full advantage of their entitlements to create a comfortable and secure retirement.  How are you supposed to have your dream retirement if you don’t plan for it? I am a firm believer that you should have multiple streams of income throughout your lifetime, including retirement, as … Read more