Mutual Fun…ds – Part II

In Part I, we went through mutual fund basics; what they are, the different types, and what to keep in mind when certain mutual funds are being recommended to you by your friendly neighbourhood financial adviser or investment professional. So why buy mutual funds in the first place? -          Diversification is the main advantage. If […]

Mutual Fun…ds – Part I

Tis the season! RRSP season that is! If you haven’t heard from your financial planner or investment representative yet, expect a call from them pretty soon. I can only imagine what percentage of their annual business is completed during the first few months as people are rushing to make their RRSP contribution before the deadline […]

Income – December 2011 Update

Income can be earned in two forms: active and passive. Active income is money you earn during your job; you have to actually be working to receive the money. Passive income, on the other hand, is earned by the money you have invested (cash, stocks, etc.). Even if you are not working, this money is […]

Case Study 1: January 2012 Update

We first met our case study about a month ago. Even though I have met up with them a couple times since then, I figured a monthly update would be sufficient to monitor their progress and their unique journey to a better financial future. The following net worth summary is based on information that was […]

Emergency Fund

One of the initial financial goals I would recommend to people is to set up an emergency fund. This may seem counter-intuitive, especially if they are carrying hefty credit card debt at outrageous interest rates. Wouldn’t the money be better spent paying down the debt? I think a balance between the two is ideal. Life […]

Peanut Budget Jelly Time!

It’s time for the talk. It’s been almost two months into this relationship of ours. Some good times. Some tougher times. But before we go any further into the relationship, we have to have this talk. You knew it was coming as I’ve brought it up before, but I think it has reached the point […]

Credit Score Sucks A**; Now What?

After you read my previous post about credit reports, I’m sure ALL of you rushed out to order your free copy of your credit history! (I can hope, can’t I?) So what if your credit score is less than ideal? Here are some quick tips for using credit responsibly: All your bills should be paid […]

Registered Educational Savings Plan (RESP)

No, I’m not expecting any kids. No, there have been no changes to my ‘relationship status.’ This is not at all applicable to my situation, but it is something I had to do a bit of research to learn a bit more for one of my clients and thought I would share with those readers […]