Category: Personal Finance
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Kids: How to talk to them about money
None of us knew anything about money When I was a little kid, I didn’t know anything about money. All I know is that if I wanted something, I would say: “Mommy, I want this…” and sometimes my mother would buy it. If she didn’t buy it I would cry. After the crying, sometimes she…
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Index funds is the active manager’s worse nightmare
Index Funds: My Experience as a Financial Adviser My first job after college, was as a financial advisor, in reality I was a door-to-door insurance sales person. The company offered many financial products, but the only one the company really cared about was the sale of life insurances. Since I was interested in investments I…
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Beyond RRSPs: Understanding RRIFs to Secure a Comfortable Retirement
Why We Should Not Neglect Registered Retirement Income Funds The number one piece of financial advice most Canadians hear is to buy a house and/or invest in RRSPs. But what often gets overlooked is the crucial step of managing that money once you reach retirement age. That’s where Registered Retirement Income Funds (RRIFs) come into…
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How Canada’s Old Age Security Program Provides Stability and Dignity for Seniors
I am now 57 years old. As I am approaching retirement age I am beginning to take a second look at all the government programs that are available to me. If I was going to turn 65, these are government benefits that would be available to me. Quebec Pension Plan: $102. I have always been…
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Saving for your kids’ education or for your own retirement?
Your Kids’ education or your retirement? The best of both worlds would be to pay for both your retirement and your kids’ education, but in a world of limited resources… In my eyes, an individual’s retirement takes priority. Kids can get scholarships, work while studying, work during the summer and study during the regular semester,…
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Personal financial lessons from Bill Gates to the average man
Few billionaires have the brand name recognition of Bill Gates. If you work with a computer, most likely at one time or another, you have used a Microsoft software. Bill Gates has lived at least three recognizable lives: from technological genius to ruthless capitalist to global philanthropist. He changed the technology world, the financial world,…