Millennials Don’t Get The Latte Factor
Financial author David Bach introduced the Latte Factor as a metaphor for all the small indulgences we regularly treat ourselves to that add up over time. It wasn’t meant to single-out Starbucks as the main culprit for our financial woes, but somehow millennials feel the need to stand up for their beloved coffeehouse and defend…
Read MoreHow To Invest Like A Pro
I began working in the financial services industry when I was 24 years old. A few – um – decades later, I feel I have learned a thing or two. However, like others who have been in a particular career for a length of time (I’m thinking here specifically of anyone who works with computer software,…
Read MoreHow To Think About Money: Book Review and Giveaway
I love a good personal finance book so when A Wealth of Common Sense blogger Ben Carlson mentioned that his favourite book of the year was Jonathan Clements’ How To Think About Money, I had to check it out. The book is full of common sense advice and financial wisdom, but Clements goes beyond the ubiquitous ‘pay yourself…
Read MoreWeekend Reading: You Know What Really Grinds My Gears Edition
Two Globe and Mail articles got my personal finance blood boiling this week. First up, a seemingly innocent article suggesting an advisor can help investors make sound decisions and stick to their plan. Nothing wrong with that. But read on and you’ll find this piece, which reads like a bad ad for money coaches, makes some baffling…
Read MoreOur Top Credit Card Picks For 2017
Credit cards are a fact of life and depending on your point of view they’re either a necessary evil or a useful tool for building credit and earning rewards. We prefer the latter, which is why I’m always on the lookout for the best credit card offers. But with seemingly hundreds of credit cards on the…
Read More7 Money Mistakes To Avoid This Year
I’m on a mission to help people get a better handle on their money. Of course, you may be someone who doesn’t make mistakes. However, in the thirty plus years I’ve worked in the financial services industry, I’ve seen lots of things that people do wrong when it comes to their money. This is a…
Read MoreInvestment Return vs. Investor Return: How Did Your Portfolio Stack Up In 2016?
It’s been two years since I sold all of my Canadian dividend stocks and switched to a two-ETF investing solution in my RRSP. I love the hands-off approach, capturing market returns minus a very small fee, plus the instant diversification of owning thousands of stocks from around the world with just two funds. The downside…
Read MoreWeekend Reading: More Books To Give Away Edition
We had such an incredible response to our Victory Lap Retirement book giveaway last week that I thought we should run another book giveaway contest! This one is easy. We’re using Rafflecopter once again to collect entries and the winner will receive his or her choice of books from the bookshelf of my own personal finance home library…
Read MoreFinancial Planning For Couples: What Are You Worth?
Couples become financially secure by building their net worth. Net worth is calculated by subtracting your liabilities (what you owe) from your assets (what you own). It is a snapshot of where you currently stand. There are lots of net worth calculators online, such as this one from Get Smarter About Money or, you can…
Read MoreFrom The Boomer & Echo Mailbag: Help! I Overspent My Christmas Budget
Q. Once again, I spent way over my Christmas budget. How can I prevent that from happening next year? The financial hangover left by Christmas spending is all too familiar. Every year you resolve to stick to your holiday budget and every year you find yourself caught up in a marathon of spontaneous and extravagant…
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