Canada Money

5 Ways to Pay Off Your Mortage Faster

David Lester | Posted 07.28.2015 | Canada Business
David Lester

When I was a banker we had this tool to show you how much you'd pay in interest over the amortization. When you look at the bottom of the chart I always liked to point out that you basically pay the same amount in interest as you took out on a mortgage at an average mortgage rate.

5 Money Lessons to Teach Your Kids

David Lester | Posted 07.22.2015 | Canada Parents
David Lester

These five lessons made me a personal finance expert and provided the foundation for an awesome life. Money is a fuel for all the things that you want to be do in life and being smart with it makes things easier. Get your kids to understand and love money as soon as you can. Hard work and mastering money will take them the distance.

Transition Tips for High School Grads

Mandy Mail | Posted 07.21.2015 | Canada Living
Mandy Mail

Statistics Canada reports that more than 2 million students are enrolled in post-secondary education? That's a lot of transitioning. If you're one of the students on that path, or the parent of one heading in that direction, here are some tips to help make the transition successful transition.

How to Make the Most of the Universal Child Care Benefit

Peter Lewis | Posted 07.20.2015 | Canada Parents
Peter Lewis

Many Canadian families will find they have a bit more money in their pockets this month thanks to the increase in the Universal Child Care Benefit. This will be a pleasant boost to many families' bottom lines! As a dad, I get that there are a myriad of enticing ways to use that money.

7 Steps to Debt Freedom for Millennials

David Lester | Posted 07.16.2015 | Canada Business
David Lester

When you're falling asleep isn't it always the thought of credit card debt that comes to mind? The best way to deal with that anxiety is with a plan. A plan to stop the bleeding money, set spending thresholds and eliminate that debt!

5 Money Hacks for Millennials

David Lester | Posted 07.10.2015 | Canada Business
David Lester

Happy halfway through the year! How has your year been going financially? Did you get the promotion you were hoping for? Have you been paying down your debt and getting on top of your money? If the answer is no, that's OK, because we still have six more months to go until next year!

5 Ways to Save Money With Your Smartphone

David Lester | Posted 07.03.2015 | Canada Business
David Lester

I love my smartphone! I go to bed after scrolling through Facebook and LinkedIn posts. It tells me how many calories I've consumed and calculates how many calories I've burned based on how much I've walked. But most importantly it helps me save and make money!

7 Tips to Come Out of University Financially Set

David Lester | Posted 06.22.2015 | Canada Business
David Lester

The start of summer is the last time that students want to think about university and their future, but the time is right to start building a plan. With school getting more expensive and good jobs hard to get when you graduate it's crucial to put some strategies in place.

Canadian Millennials Are Taking a Cautious Approach to Investing

Cindy Crean | Posted 06.12.2015 | Canada Business
Cindy Crean

Millennials are a cautious bunch when it comes to their money. It's not surprising given the economic downturn of 2008 is still fresh. For many young Canadians, this market chaos was their first experience with investing. But it's important to let cooler minds prevail: avoiding the markets altogether is not wise, especially with so much time on your side.

8 Ways to Travel on a Budget

David Lester | Posted 06.07.2015 | Canada Living
David Lester

It's aid that people are more genuinely happy through experiences rather than things, so pick your ultimate travel location and go! I'll show you how to do it for the most bang on a budget. Did you think of where you wanted to go? Did it pop in your head? Book it boo! Make sure you have the money first. I'll show you how.

How I Got My Money Back From the Boogeyman

Shelagh Meagher | Posted 06.06.2015 | Canada Living
Shelagh Meagher

I was at a workshop the other day about personal finances. Instead of the usual blah blah blah about investment opportunities and admonishments to save more for retirement, this one took a very different tack. The moderator wanted us to consider our emotional relationship with money. The first question she asked was who's in control?

How to Live Abroad on a Dime

David Lester | Posted 06.02.2015 | Canada Living
David Lester

Have you ever dreamed of living in another city? Royal London? Beautiful Paris maybe? Ancient Istanbul? New York or L.A? Do it today! I've lived in a bunch of cities across the globe to absorb their culture and heritage and you should too. Most countries will let you stay for at least six months so you can have time to immerse yourself in your new city. Here is how I do it on a dime!

Take Advantage of the "Big Rocks" That Can Make You Rich

David Lester | Posted 05.25.2015 | Canada Business
David Lester

It's the good "Big Rocks" that can actually make you wealthy (or poor) so let's concentrate on the big rocks! Large items that can make you poor are things like expensive dinners, cars, boats and big ticket clothing. And then things like business equity, investments, and property are the big items that make you rich.

Millennials: Stop What You're Doing and Start Saving for Retirement

The Reply | Posted 05.22.2015 | Canada Living
The Reply

When it comes to planning for retirement, you should be focusing on one crucial piece of advice: the earlier you start saving, the better. "The longer you save for retirement, the more money you build," says financial security advisor Kirk Bowden in an interview. "Even if it's something small."

Ten Tips on How to Become Filthy Rich

David Lester | Posted 05.17.2015 | Canada Business
David Lester

Think about how you feel about money vs. how wealthy people feel and if your belief system is serving you. If you currently have a positive belief system on money, ah-mazing. Keep it up! If you have a negative association with money, wouldn't it serve you better if your habits were one of a money maverick?

How to Budget for All the Items on Your Bucket List

David Lester | Posted 05.06.2015 | Canada Living
David Lester

When creating a budget for your bucket list you have to keep in mind a bunch of things. The first thing is that there will always be more items to spend on vs. how much you bring in. We have one kick at "the bucket" so let's all make sure that we use our money as a fuel to get everything we want in life. This is how you do it.

Turn Features of Your Home Into Moneymakers

David Lester | Posted 06.28.2015 | Canada Business
David Lester

There are many ways to turn everyday features of your home into income generating assets (appreciating assets) and often they are things that you will need to buy anyway. It is all about being smart about how you structure your home and how you shop for it. Here are some things you can invest in for your home that will make it a money maker for life.

I Learned About Value and Privilege From My Immigrant Parents

TamilCulture | Posted 06.06.2015 | Canada Living
TamilCulture

Despite all their blessings over the last 30 years in Canada, my parents still live a frugal lifestyle etched in the shadows of the carnage of their war-torn past. I know the value of what I have, because of the price THEY had to pay. What happens to children of successful first and second generation Tamil professionals, who no longer need to say "We just don't have money for that"?

What Do We Mean When We Say Someone Is "Successful"?

Sarah Vermunt | Posted 06.01.2015 | Canada Living
Sarah Vermunt

I have nothing against the word success or even it's traditional definition. It's just a word, after all. But let's call it what it is. It's a benchmark for performance and attainment -- a measuring stick. Tangible metrics are important and have their place, particularly in the business world. But if you're looking for personal fulfillment, it's not likely that traditional measures of success are going to get you there.

When it Comes to Your Money, Make Decisions With Intent and Joy

Anita Saulite | Posted 05.11.2015 | Canada Business
Anita Saulite

The reality is that what we do with our money every day, matters, and could have long-term implications for our financial security. Every day, we are making trade-offs with our money. Living with intent and purpose creates meaning in our lives, and this creates joy. We need to connect the idea of living a joyful existence with our money.

Ditch Your New Year's Resolution Day Is January 17: 5 Digital Tools To Keep You In Check!

Blake Connoy | Posted 03.16.2015 | Canada Living
Blake Connoy

Did you know this Saturday, January 17 is officially "Ditch Your New Year's Resolutions Day"? Most people start the New Year with the best of intentions, but after returning from holidays and getting back into the busyness of life, resolutions have a tendency to be dropped.

How to Make Sure Your New Years Resolutions Are Accomplished

Coreen T. Sol, CFA | Posted 03.01.2015 | Canada Business
Coreen T. Sol, CFA

Predictably, the success or failure of your plans may be determined even before the strike of midnight. 'Tis the season for peak gym-membership sales and promises of budgeted spending. Whatever your goals are for 2015, there are a couple of safeguards you can implement to ensure that you aspirations are accomplished.

10 Tips From a Millionaire

Alana Hurov | Posted 02.10.2015 | Canada Business
Alana Hurov

What does it take to become a millionaire? I posed that question to 52-year-old, self-made millionaire Bobby Genovese. With a net worth of over $200 million dollars, the venture capitalist seems like a pretty perfect person to offer up some valuable advice.

Buying Less Stuff Can Actually Make You More Happy

Carl Duivenvoorden | Posted 01.26.2015 | Canada Living
Carl Duivenvoorden

Most people who follow these simple steps soon discover they can live on much less. They turn away from consumerism, and lead happier, more focussed lives. They stop being human doings and once again become human beings. Some even discover financial independence. Equally important, their impact on the planet is dramatically reduced. Win, win, win.

Why I Will Never Invest in a Pre-Construction Condo Again

Lisa Colalillo | Posted 01.26.2015 | Canada Business
Lisa Colalillo

The biggest lessons I've learned about investing have come from the biggest mistakes I've made. I bought a pre-construction condo unit in a popular Toronto neighbourhood. I forked over a 20 per cent deposit to make the purchase. That was four years ago, the property still hasn't been built so I can't sell it or rent it out.