Posts by Boomer
5 Things You Shouldn’t Put Off Until Retirement
We’ve all had times when we’ve dreamed about our eventual retirement when we’ll have all the free time available to pursue whatever we want to do. We don’t have the time to do everything while working full-time, so we have a long list of things we’d like to do later on. But why wait until…
Read MoreIs Charitable Giving Part Of Your Financial Plan?
Charitable giving is often an important part of a sound financial plan. In fact, philanthropy is one of the top four characteristics of wealthy people (the others are – spending wisely, investing for the future, and having multiple streams of income). Many people have a cause they care deeply about – specific charities, research organizations,…
Read MoreTell Us Your Frugal Dating Stories
It can get expensive when you’re dating. Going out to a fancy restaurant, movie and overpriced bars for drinks afterwards can really do a number on your finances if you do it often. Do you: Really need to maintain an image of having plenty of money? Always dress to the nines on a date when…
Read MoreCreating Retirement Income: A Fixed Payment Strategy
Once you stop working you may want to simplify your investment strategy. Your objective shifts from growing your investment portfolio to generating income. Flat and unpredictable markets, combined with historically low interest rates, can make this a challenging time in terms of creating retirement income. One idea for creating a reasonably consistent level of monthly…
Read MoreFinancial Planning For Couples: Buying A Home
Buying a home will probably be the most expensive one-time purchase you’ll ever make. It can also be one of your best investments (housing values have historically increased over the long run) as long as you choose wisely and pick a house you can afford. Saving for a down payment How much money do you…
Read MoreTeaching Young Kids About Money
The most influential teacher your young child will ever have is you – their parent, especially Mom. Your children are considerably affected by how you use money on a day-to-day basis. Kids are watching and listening to you all the time, and they learn a lot through their observations. Your children’s future habits are being…
Read More5 Rules Of Thumb That Need An Update
We love to have rules of thumb to guide us. They are designed to give you a rough idea of what to aim for so you can get started on your goals. A rule can sometimes help make decisions easier. However, it likely will not give you an accurate answer for your own personal situation…
Read MoreBook Review: Psych Yourself Rich by Farnoosh Torabi
The title of this book is unfortunate – Psych Yourself Rich will not teach you how to sit on a cushion and attract wealth through meditation. Rather, the author combines the latest behavioural psychology with practical advice on how to develop the mindset, discipline and habits that are needed to build a strong financial foundation. Torabi…
Read MoreBartering for Goods and Services
There was an interesting post some time ago in the Financial Uproar blog called The Financial Planning Affordability Paradox which noted that the people who could most benefit from financial planning advice are the least likely to be able to afford it. I fully agree with Nelson that when someone is up to his or…
Read MoreFinancial Planning For Couples: Dealing With Debt
Chances are good that one or both of you will have brought some form of debt with you when you entered into your relationship. You may also have accrued some debts together, or racked up more on your own since. Of all the financial issues you’ll deal with as a couple, debt is one area where…
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