Apple recently became the first US company to surpass $1 trillion in market value, wowzers! 😀 It’s hard to imagine that merely 2 decades ago the company was on the verge of bankruptcy. But then Steve Jobs came back as CEO and turned the whole company around. I didn’t have the foresight to buy Apple stocks in 1998… Read More »
According to a Fox article, millennials now make up the largest generation in America, and we’re seeing some troubling trends as they are increasingly turning away from capitalism and favouring socialism instead. Based on a study of over 2,000 people, nearly 45% of millennials polled said that they would prefer to live in a socialist country compared to the… Read More »
I transferred my pension from my previous employer to my personal investment account. The amount is about $20,000, which I currently hold in my TD RRSP as cash. This money exists because I saved 4% of my income and put it towards the company RRSP group plan for 7 years. It’s not a huge amount of money but… Read More »
Five years ago I acquired a variable rate mortgage from CIBC. It was the cheapest rate I could find at the time. I was quite pleased with the rate but that mortgage term expired a couple of months ago. So I shopped around to see if I can find another good deal. I expected my mortgage to become… Read More »
Are you getting ready to retire? If so, hopefully you’ve been saving throughout the years so that you can comfortably retire and enjoy your time spent off work. But, unfortunately, there are always unwelcome things that pop up from time to time that prove to be unavoidable. Some of these things can significantly impact your retirement and put… Read More »
Lifestyle inflation is when we spend more money when our income increases. This can feel natural because the more we earn the more we can afford to spend. But this can make it very difficult to save for retirement or meet other financial goals. Lifestyle inflation is what causes many folks to get stuck in the rat race… Read More »