The Impact of Different Interest Rates

Here is a brief example that explain the impact of interest rates. We’ll assume two periods for simplicity sake. Period 1 (Year 1) will be the CURRENT period, and Period 2 (Year 2) will be the FUTURE period. Other notes for this example: A consumer who earns...

Tips for Saving Money This Post-Secondary School Year

It’s tough, rising tuition costs will never cease, books will always be new every year, and rent in your city is poised to increase. The opportunity cost of going to school is more than these costs, but the loss of your income for the year as well. So why bother...

RRSP Tax Benefits and Hints – Get Ready to Buy

RRSP Tips and Benefits Now is the time to buy buy buy into some respectable mutual funds (or perhaps stocks if you have guts). The market is all time lows, which means folks who have money can invest into quality companies at 1/2 to 1/3 of the price. Here are some...

Personal Budget Basics for Beginners

DON’T say the B-word. What caused this stigma I have no idea, but one thing is for certain, people who don’t know how to handle their money in the most basic ways know one thing for sure, don’t tell me to ‘budget’. The fact of the matter is...

You Don’t Need to be Rich to Invest

Some say, “all but the most sophisticated people will spend a life time paying off their debt.” Is that true? If so why? Is debt a fact of financial life? Can only the rich afford to invest? The word ‘sophisticated’ does NOT mean rich or well...
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