Canada Money

10 Tips From a Millionaire

Alana Hurov | Posted 12.11.2014 | 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 11.26.2014 | 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 11.26.2014 | 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.

What Does Success Look Like for You?

Anne Day | Posted 11.25.2014 | Canada Living
Anne Day

According to the Oxford Dictionary, the definition of success is "the attainment of wealth, fame or position." That seems a very masculine and narrow ...

The 12 Wild Phases of Entrepreneurship

Sarah Vermunt | Posted 10.28.2014 | Canada Business
Sarah Vermunt

Face-saving entrepreneurs will call this a "pivot," which basically means, "I was doing this one thing, and now I realize I should be doing this other thing instead." You might feel like a fool for not getting it right the first time around, but I challenge you to find any entrepreneur who got everything right from the get-go.

Why Aren't People Engaging in Conversations About Money?

Anita Saulite | Posted 12.13.2014 | Canada
Anita Saulite

Finance, money, debt planning, retirement saving etc., there is sufficient reading material out there on these subjects and experts in the industry for advice. Yet we continue to see record debt levels, low savings rates and lifestyles being extended through borrowed money. Why haven't we been more successful in increasing financial literacy and promoting better financial behaviours?

Women Need To React Sooner and More Aggressively When It Comes To Finances

Douglas Hoyes | Posted 12.10.2014 | Canada Living
Douglas Hoyes

Looking at our study, the percentage of women filing bankruptcy who were living on their own, either because they were single, divorced or widowed, increased over the four year study period. The largest growth occurred in women who were divorced or separated. We also saw an alarming increase in the percentage of female single parents declaring bankruptcy.

Carve Out Time to Talk Money With Your Kids This Thanksgiving

Melissa Jarman | Posted 12.04.2014 | Canada Business
Melissa Jarman

With Thanksgiving just around the corner, many students and parents are about to have their first holiday meal together since post-secondary school began about six weeks ago. For students, it has been a crash course in time and money management, and one thing is almost certain: there's never enough of either. This Thanksgiving, parents and students should carve out some time to talk finances and revisit the budget to determine if spending is on track.

Follow This Money Do Checklist To Change Your Life in Six Weeks

Anita Saulite | Posted 11.20.2014 | Canada Living
Anita Saulite

Put your saving strategy and bill payments on auto pilot. We all know it, but saving money each month is saving for the future. Just know, savings are what you pay yourself, and if you want to secure your golden years and worry less, then pay yourself first. Set up automatic bill payments.

Are You Spending More Than Your Relationship Can Afford?

Tim Paziuk | Posted 11.19.2014 | Canada Living
Tim Paziuk

In most households, one person takes responsibility for the household finances. This can work well as long as the person controlling the finances isn't the one with the problem. I think it makes sense that if you're living as a couple and you have joint bank accounts that both partners know what's going on.

LOOK: The Queen Is Not Amused As She Ages

The Huffington Post Canada | Posted 08.22.2014 | Canada Living

Canadians are well used to seeing the Queen featured on their money, but when was the last time you stopped to take a good hard look at how she's agin...

We Are Living Longer and Not Saving. Let's Change That

Anita Saulite | Posted 10.12.2014 | Canada
Anita Saulite

The fact is we are living longer and not saving. And most of us have no idea how much to save in order to have a care-free retirement that reflects our lifestyle needs. Recent research suggests that a nest egg of $750,000 is required.

Estate Planning Will Give Your Loved Ones Peace of Mind

Andrew Sheppard | Posted 10.06.2014 | Canada Business
Andrew Sheppard

Being the executor of a loved one's estate can be a very difficult task. With an estate plan in place and by taking a few basic steps to prepare, you can reduce the stress and loss of estate value considerably. Estate planning involves tough questions that ultimately give you and your loved ones peace of mind.

8 Tips to Teach Young Kids About Money

Dr Dina Kulik | Posted 10.04.2014 | Canada Living
Dr Dina Kulik

Are your kids dying to go on a special trip? Want a new computer or basketball net? Try 'saving' as a family. Have your kids help you save, and let them help you make smart choices so that you can save towards the common goal.

What To Consider When Lending Money To Loved Ones

Jeffrey Schwartz | Posted 09.28.2014 | Canada Business
Jeffrey Schwartz

Have you ever had one of your friends ask to borrow money from you? Most of us are willing to oblige when the amount is small -- like $10 or $20 -- but what about when the amount is more significant? You are placed in an extremely difficult spot when a friend or family member is asking for $1,000, $5,000 or more.

We Need to Talk About Seniors and Money

Yvonne Ziomecki | Posted 09.13.2014 | Canada Business
Yvonne Ziomecki

We've found that there's just not enough conversation around health and aging and its impact on money. It's extremely important that all ages, but especially seniors, prepare for major life changes -- from divorce to illness and everything in between.

Sting Is Right to Deny His Kids A Big Inheritance

Samantha Kemp-Jackson | Posted 09.01.2014 | Canada Music
Samantha Kemp-Jackson

You think that kids of celebrities have it easy? Think again. Sting's surprising announcement that he's not leaving any of his vast fortune to his children was a shock to many. How could this multimillionaire leave his kids to have to *gasp* work for a living? It just didn't seem right.

LOOK: $7.4-Million Cottage Proves You Can't Afford The Outdoors

The Huffington Post Canada | Maham Abedi and Daniel Tencer | Posted 07.16.2014 | Canada Business

Those wild hikes in house prices in Calgary, Toronto and Vancouver are beginning to spill over into cottage country, real estate agency Re/Max says in...

Music Auctions Gone Wild: Dylan's Lyrics, Lennon's Car, Elvis' Hair

The Huffington Post Canada | Joshua Ostroff | Posted 06.25.2014 | Canada Music

The hand-scribbled lyrics to Bob Dylan's "Like a Rolling Stone" just sold for $2 million, a world record for a popular music manuscript and the "the o...

ALL-TIME HIGH

CP | Posted 06.19.2014 | Canada Business

TORONTO — The Toronto stock market closed at a record high as traders received reassurances from the U.S. Federal Reserve that it likely won't move ...

Before Your Debt Gets Out of Control, Make a Plan

Shaun Goolcharan | Posted 08.16.2014 | Canada Business
Shaun Goolcharan

For the average person, debt management seems like a simple strategy. But it is easy for debt to get out of control -- the sooner you make a plan and stick to it, the better it will be for you in the long run.

Can Money Really Buy You Happiness?

Anita Saulite | Posted 11.17.2014 | Canada Business
Anita Saulite

The answer to the age old question is in: money can buy you happiness. But not so fast, because it's not that simple or straight forward. The reality is, what we do with our money each and every day matters.

How To Worry Less About Money

Anita Saulite | Posted 07.12.2014 | Canada
Anita Saulite

Life experiences will enrich your life. Things won't. Each time you reach into your wallet to spend, think about what it is you are actually doing. You will acquire greater respect for your money when you follow the money trail. Don't let your money lead you down a dead end street.

Top Five Tips For Manifesting Your Dream Life

Sacha DeVoretz | Posted 06.23.2014 | Canada Living
Sacha DeVoretz

In the early 2000s I started to read about the Dalai Lama. It was a revelation to view the world through the eyes of compassion. Venturing to the grocery store, driving in traffic, all became a practice of kindness. Then after I became comfortable with the concepts of Buddhism. I embarked on yoga. This extended my mindfulness. Now I continue to bring these concepts together and combine them with visualization.

How to Spend Money Mindfully

Anita Saulite | Posted 06.23.2014 | Canada Living
Anita Saulite

Making mindless decisions with our money may create short term bliss or satisfaction but can have long term impacts on our financial well-being and financial security. When we make mindless decisions with our money, we don't take the time to really understand our thoughts, feelings and actions around our choices.