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Over the past several years, there has been a tremendous shake-up in the way that people are going about saving for retirement. Traditional thinking says that you will need to work for about 40 or so years before you will have enough money saved to retire (at around age 65).  However, many Millenials have been […]

The idea of retiring in just 1500 days, around four years, with a cool $1 Million in the bank might seem like a fantasy, but that’s what one couple recently did, according to CNBC.  The anonymous couple, known as Mr & Mrs 1500 on their blog, decided to do it in 2013 and set about […]

Nowadays, accounting software is essential for small business owners as it goes beyond just generating tax forms or year-end statements. These software solutions offer real-time insights into your business’s financial situation and make it effortless to record expenses, reconcile bank accounts, business credit cards statements and track mileage. Gone are the days of worrying about […]

Securing the appropriate funding can be a difficult task for many small businesses. While small business loans are a great option to get additional financial resources for your business, you will have to repay them sooner or later. Fortunately, small businesses registered in Alberta have access to an abundance of grant programs aimed at encouraging […]

Have you heard about FIRE? It’s an acronym for Financial Independence, Retire Early. For the thrifty at heart, here’s your calling! Perhaps you already apply some of the movement’s principles without even knowing it. And if you’re a big spender, all is not lost. Many of the movement’s enthusiasts were just like you before making a […]

Canadian markets have been good to investors in 2021. It is very easy to miss out on market-beating stocks as equities keep hitting new highs almost every week. There’s a lot of confusion in terms of what are actually good stocks and which ones are surging because of the rising tide. During such times, it […]

If you have seen the movie Wolf of Wall Street, you have some kind of idea regarding penny stocks. These were the stocks that Jordan Belfort, portrayed by Leo DiCaprio, sold to his clients. The premise of the sale was that the stocks would deliver returns like no other stock and that the client would […]

Investing in the stock market isn’t child’s play. There are emotional pitfalls that can hit you hard and lead you to make investment mistakes. Even with my experience, I’ve already fallen into one of these traps. We’re only human! Here are five of these traps and how to avoid falling into them. 1. The illusion […]

If you’re already investing in the stock market or want to begin doing so, it’s in your best interest to choose an online broker that best meets your needs. In fact, Canadian online brokers, also called discount brokers, have a variety of service offerings. There are several factors to consider in order to determine which […]

No one enjoys spending their time contemplating what could happen if they went broke. But if (really, when) an emergency occurs and you’re not financially prepared, the fallout is not only nerve-wracking but can have serious financial repercussions. This is why you need an emergency fund to make a difficult future situation a little easier. […]

Bonds are an essential ingredient in most investment portfolios. They are negatively correlated with the stock market, so they reduce the risk inherent in a portfolio. In addition, they provide consistent returns with low volatility, so they’re generally a safe, predictable investment as well. But do you really know what a bond is? What is […]

The Registered Retirement Savings Plan (RRSP) was created in 1957 and is the oldest of the registered accounts. In fact, you can deduct the amount you invest into an RRSP from your annual taxable income, up to 18% of the previous year’s income, or $26,010. Unused contributions can also be accumulated. However, when the money […]