ONE of the easiest ways to make money is to seek opportunities where others are complaining about something. There is often a silver lining to every financial problem, and learning how to take advantage of that can be very profitable. 🙂 Here are 4 common financial problems I hear people constantly complain about and my solution to each… Read More »
Last month a reader asked for my take on RRSPs (401K plan equivalent.) This topic is long so I’ve broken it up. The truth is, I like the RRSP, but probably not for the same reasons as other people. The basics of how RRSPs work is they defer our taxable income to another year when we’ll hopefully be in… Read More »
There are many advantages to investing while we’re young. There isn’t a specific best starting age though because our circumstances vary. I started at 21 because that’s when I got my first real job and started making money. It’s only been a few years but I can already see lots of benefits of investing in my twenties rather… Read More »
Building up an Asset Column When I started my career in 2008 my salary was in the mid $30,000s, and all I had for assets were a few thousand dollars in mutual funds. When I moved into my own place the following year I was excited to learn as much as I could about the the real world, and how… Read More »
The dividend reinvestment plan (drip) offered at most brokers is a tool for investors, it takes company dividends paid to shareholders and automatically buys more shares for them. For example if today you bought 100 shares of Bank of America for $10 per share, you would have 100 x $10 = $1000 worth of stocks in BoA. This… Read More »