It hit me the other day: I have money scattered all over the place—across 4 or 5 different institutions. While the core of my finances is handled by one main bank, I realized I’m also saving, investing, and managing money through TD, RBC, Wealthsimple, crypto wallets, and employer-based accounts. How Many Accounts Are Too Many?…
If you’re like me, not a day goes by without some reminder about the price of Bitcoin or a headline related to cryptocurrency developments. It’s almost unavoidable — especially if social media algorithms are feeding off your interest in Bitcoin and crypto-related news. While I’m happily invested with a small position I bought in Bitcoin…
Imagine you’re in your early 20s, having just finished your higher education, when a wise friend approaches you and says: “I know a somewhat easy — but not simple — way to become a millionaire. If you save and invest $1,000 biweekly for the next 20 years, assuming a 7% average return, you’ll hit that…
If your next vacation is costing you and the family over $5K but have almost none of that saved, and plan to put it all on debt, stop! Yes, stop! Cancel it if you have already booked it, assuming there are no big penalties. If you haven’t booked it yet, thank goodness, that was going…
When the Covid pandemic lockdowns forced us to stay home for months and months, one of the companies to benefit the most were food deliveries such as Ubereats and SkipTheDishes. They made it so convenient to order food and relieve you from all the hassle of having to go out for grocery shopping and making…
A few days ago, I received a letter in the mail—a great credit card offer from one of the Big Five banks. At first, I thought, “This is too good to pass up. I should go ahead and accept it.” But then I paused. A little voice in my head reminded me: You already have…
The 50/30/20 finance ratio – or a way to budget – is something we talked about last year, where you dedicate 50% of your income to needs, 30% to wants and the remaining 20% goes towards your savings and investments. This breakdown is simple, effective, and ensures that your essentials, lifestyle choices, and future financial…
Ever heard of ‘Attention Residue’? The idea is that after a distraction – say a phone call or checking social media – it takes the average person about 20 minutes (often cited as 18 to 23 minutes) to fully regain focus on the original task. This is commonly known as “attention residue” or context switching…
Next time you’re eyeing that fast-food drive-thru, pause for a moment and consider this: “Sure, this meal might taste good for a few fleeting minutes, but what happens after that?” The reality is, there will likely be health consequences, whether it’s the excess fat, sky-high sodium, or heavy carbs. It’s junk food, after all; what…
One of the dominant traits of wealthy and financially successful people is that they don’t care what others are doing, nor do they go out of their way to try and financially impress their friends and peers. If anything, their very success is often built on doing things with their heads down, nothing flashy, and…