Financial Advice

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Retirement Advice From An Ex-Hockey Pro

Canadians are living to 81 on average, which means you'll have plenty of time to sit in a rocking chair if that’s what you want. But, we’ve got some ideas to help you embrace change and make the most of a brighter post-work life.
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Save for a Rainy Day With an Emergency Fund

From repairing a leaky roof to replacing a car engine, these unexpected costs can add up fast. But more important than unexpected costs, an emergency fund is your safeguard against a sudden loss of income. That's why financial experts stress the importance of having an emergency fund.
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The Financial Truth Shall Set You Free

In 2015, personal finance is still a taboo topic. We might live in a liberal country, but Canadians are not very open-minded when it comes to talking about our pocketbook. In fact, many of us downright lie. I think one thing is clear: The more openly we discuss our finances, the more opportunity we have to gain financial literacy and take control of our financial outlook.
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'Tis the Season...for Identity Theft

It's the most wonderful time of the year -- especially for online scammers. With holiday shopping also comes the downside of scams that are aimed at frugal shoppers trying to stretch their dollars. Contrary to the season of giving, these fraudulent tricks are aimed at taking your identity and financial information, and for scammers to thrive.
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How to Make Peace with Your Financial Situation

Whenever you feel stressed or anxious about your financial goals, take those breaths and just accept where you are. In finally accepting my own financial situation for what it is in this exact moment, I also aim to remove all the guilt from mistakes I made in the past and just move forward from where I am right now. I hope some of you can do the same.
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You Might Be Sitting On a Goldmine

The experts say that the average career in one company is less than seven years. Essentially that means you could be at four or five companies throughout your career. And like you've just discovered, that could mean you may have several RSPs, pensions, employee stock plans or other savings accounts associated with those old jobs.
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Does Your Financial Plan Make Any Sense to You?

Is your financial plan just a bunch of numbers crunched to the point of no return? I often wonder if the general public has any idea about what really goes on within the financial services industry. When they take the step towards planning for their financial objectives, are they receiving the best advice available or simply the most available advice?

5 Ways Students Can Access up to $15 Million In Unclaimed Funding

There are various reports about the amount of scholarship and bursary money that goes unclaimed each year. Some reports suggest that it could be over $15 million. While the exact number is hard to quantify, the point is there are millions of dollars that can be leveraged towards your future education. But where is the money, and how can you find it?
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Give Me Liberty, or Give Me Debt

Conventional wisdom says that debt used to purchase something of lasting value, like an investment, or a house, or a car, is good debt, because you benefit from the purchase. An example of bad debt would be borrowing to go on vacation, because when the vacation is over you have nothing to show for it. In some cases both of these examples are true.
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Financial Planners May Not Have Your Best Interests in Mind

There is a major battle going on in the financial services industry, and your welfare is at stake. What's the war over? Whether or not the person you're trusting to invest your money is legally required to act in your best interest. Right now, they only have to make sure the investments they're selling you are "suitable." I would like to see legislation for fiduciary duty and I'll tell you why.
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Bottom Line, You Need Math in Business

Recently I was asked for advice from a couple of women -- a small business owner and a would-be entrepreneur and in each instance, the answer was the same -- they needed to do the math. In fact, it really was all about the bottom line.
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The First Step to Talking Money With Women

Women relate to each other though stories, and through this process they learn and grow. Money is one of the last taboos and is something many of us are uncomfortable discussing. Creating safe and open spaces for women to talk about money is one of the missing gaps in financial and investor education.
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Why Women Trust Women With Their Money

A lack of understanding of how women do business is one of the reasons so many women are demanding female financial advisors. The industry, however, is sadly under-served by women. In 2012, less than 25 per cent of advisors are women. As a result, the business is neglecting the needs of women and is thus ignoring hundreds of millions of dollars of potential revenue and profit.