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.
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.
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.
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.
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.
When most people think of 20-somethings and disposable income, they picture a group of young adults disbursing money frivolously and leaving their futures behind. But in reality, most youth want to ha...
Quick Study [kwik stuhd-ee]: The Huffington Post Canada's tips to make your life a little sweeter, five minutes at a time. Think of it as a cheatsheet for your general well-being. As the tax deadline...