“It is not the strongest or the most intelligent who will survive but those who can best manage change.”― Leon C. Megginson Change is inevitable, unless the vending machine is broken. 😀 When things don’t go quite the way we want them to it’s tempting to want to change the system. But it’s often more favorable to just change ourselves than… Read More »
Today’s post is about something of interest to a lot of people. 😀 Earlier this week the Bank of Canada surprised just about everyone with an interest rate cut from 1.00% to 0.75%. The Canadian dollar dropped to the lowest it’s been in years. Over 20 economists were surveyed prior to the Bank’s bomb shell reveal and not a single one of them expected the… Read More »
What is a stress test? A stress test determines if you have the ability to deal with a financial crisis if things go pear-shaped. It makes the impact of unlikely, but plausible events measurable and transparent. This lets you predict potential problems your finances may face in the future so you can address them early and sleep at… Read More »
We teach kids to not begin a sentence with the word “Because.” We tell them the smallest things in the universe are atoms and molecules. But when the kids grow older they learn about proper grammatical structures and subatomic particles and inevitably realize that the information they were taught as children were simply inaccurate . Popular financial advice like “Don’t… Read More »
I have been battling a financial addiction since 2008. It has unfortunately gotten worse every year 😐 I just kept going back for more, and couldn’t help myself. The potential harm of this long term abuse came up in a discussion recently when a friend in Toronto asked me what would happen if I lost my job 😕… Read More »
After a few months of stagnation my net worth is finally starting to climb up again. This is largely thanks to a bonus check I got in June. We don’t get bonuses every year so we were lucky this time. I almost feel bad accepting it though because Italy (the world’s 8th largest economy, which is even larger… Read More »