Monthly Archives: July 2016
TAX – My Biggest Financial enemy
This post will come off as a bit of a rant. I want to share my point of view on one of my most hated financial enemies. To begin, when I refer to tax, my buddy Ben Franklin says it best: “In this world nothing can be said to be certain, except death and taxes.” He couldn’t be more right! Taxes grind my gears. I mean ALL forms of tax. Income, property, land transfer, welcome, airport, sales, Air conditioning, excise, lunch money tax etc!
RESP vs RRSP – What to prioritize? what works for me?
RRSP vs. RESP: Which should I prioritize? A question I have often asked myself. This time, a long time friend was the one to bring it up. Let me take your through some of the key differences of each to better help you make your own decision.
Should I prioritize contributions to an RRSP or should I choose to max out my children’s RESP first? This can be a fairly long and complex article, so I will do my best to summarize and possible do a deeper dive in the near future.
the answer?: IT DEPENDS!
Tips On How To Be Financially Stable
Sadly, many people all over the world have let their personal financial situation get out of control. A lot of the time, this is due to misinformation or lack of knowledge about the topic. In this post, we will address the budget side of the equation. don’t worry because the following tips can get you headed in the right direction when it comes to managing your personal finances successfully.
The best way to manage your personal finances in the short-term is to maintain a monthly budget. Yes, budgeting can be annoying and difficult, but nothing else will let you see where your money goes. Tracking your spending and keeping a budget will help you build a savings account and limit unnecessary spending.
Trying To Improve Your Personal Finances? Follow These Basic Steps for Best Results
In today’s difficult economic times, everyone is looking for ways to improve their personal financial situation. The key to successfully managing your personal finances, is knowledge. This article is jam-packed with tips and advice that, if applied correctly, will help you to get a handle on your personal finances and upgrade your life.
You should never risk more money on a trade than you can safely afford to lose. This means that if you lose any money it should not have the potential to destroy you financially. You have to make sure to protect any equity that you might have.
