The Good and Bad Kind of Dollar-Cost Averaging
Dollar Cost Averaging (DCA) refers to two different investment strategies, one of which is hardcore and one of which is not hardcore. Sometimes when people say DCA, they’re talking about regularly investing a set amount into the market every two weeks or every month,...
What happens when your motivation disappears?
Motivation to improve your financial situation comes and goes, just like with dieting, exercise, reading, and just about everything else in life. You decide it’s time to make a change, you open up a spreadsheet and start tracking all your expenses. You open an...
Dream big. Think long term.
When you’re not making progress toward your financial goals and you’re struggling to keep up with your bills, your world tends to get smaller. You slowly start thinking in shorter and shorter periods, about making it to next week, and gradually give up on your bigger,...
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Renting VS Buying Your Home
In theory, owning your home isn’t always better than renting. It’s always worth running the numbers with your financial situation and local rents and real estate prices in mind. But there are a bunch of practical reasons why owning your home is almost always a good...
You can see your TFSA contribution limit in your CRA account.
You never need to use a TFSA calculator to figure out how much room you have to contribute. Just go to your CRA account and you’ll see your limit for this calendar year at the bottom. The only thing to note is that it won’t include any deposits or withdrawals you’ve...
Cutting back sucks. Taking on bad debt sucks worse.
This has been a tough financial year for a lot of people. Rising gas and food prices. Rising interest rates and mortgage payments. A poorly performing stock market. There’s been a lot of bad news. But the toughest part for most people is having to adjust their...
Why would my kids need life insurance?
People often wonder about why or whether they should bother to get life insurance for their kids. Let’s talk about two reasons why, and then tackle whether it makes sense for you. The first reason is to guarantee their insurability later in life without the need for...
Your life insurance company wants you to live forever.
Your life insurance company doesn’t want you to die. If you have a term life insurance policy and you die tragically early in life, the life insurance company loses money. That’s kind of the whole idea. You get insurance to protect against this risk and make sure your...
Why You Don’t Need 100k to Get Started
There is no minimum amount of money that you need to become a client with us. You don’t need to have 100k ready to invest and you don’t need to have thousands for an upfront fee. And that’s because we’re in the business of helping people build wealth, regardless of...
Are you too confident about money or not nearly confident enough?
When it comes to their finances, it’s common for people to either have way too much confidence or way too little. People with too much confidence tend to: - Pick stocks - Invest too aggressively - Take on too much leverage - Overspend on cars and trucks and luxury...
The Secret to Guilt-Free Spending
When you don’t have a foolproof system in place for handling your cash flow, you can end up feeling like you’re always overspending and never saving enough. Every time you order food or buy something online, every dollar you spend gets tinged with shame and guilt....
Car Buying Tips
Some car buying tips: 1. Don’t buy more cars than you need to (when the pandemic hit, for instance, my wife and I sold one of our vehicles and saved a ton of money) 2. On a related note, don’t buy cars to impress people (they’re never that impressed and they aren’t...
Emergency funds aren’t just for defence. They help you play offence.
Lots of people think having an emergency fund sounds boring. But the truth is that having a few months of expenses saved up and ready to go is actually pretty sexy. First off, it’s huge for peace of mind, and using money to relieve stress is almost always a bargain....
The Good and Bad Kind of Dollar-Cost Averaging
Dollar Cost Averaging (DCA) refers to two different investment strategies, one of which is hardcore and one of which is not hardcore. Sometimes when people say DCA, they’re talking about regularly investing a set amount into the market every two weeks or every month,...
Real Things People Have Said About Working With Us
“Fantastic to deal with.” “No-pressure approach.” “Wonderful to work with.” “Welcomes all kinds of questions.” “Talks to you like you're a person.” “Super approachable and honest.” “Explains everything in an understandable way.” “I do not feel like just a number...