What is net worth? If you're just beginning to learn about personal finance you may come across that term and wonder what it's all about. This article examines the term "net worth," how it's calculated and, most importantly, how to grow it! What is Net Worth? Simply put, a … [Read more...] about What is Net Worth?
Personal Finance
My Financial Strategy
To meet our goal of achieving financial freedom in 10 years, we needed to come up with a financial strategy to manage our household income and expenses. Unless we're very lucky and manage to come into some kind of large inheritance or lotto winnings, we need to have a plan to … [Read more...] about My Financial Strategy
The Danger of Mutual Fund Fees
Welcome to this post on the danger of mutual fund fees. One important aspect of learning how to invest, and one that is often overlooked, is the role that high fees play in derailing a person’s financial plan. There are costs associated with owning investments. Anytime a person … [Read more...] about The Danger of Mutual Fund Fees
Grow Your Assets, Grow Your Income
Should you grow your assets or should you grow your income? I recently came across an article in the Financial Post that discussed that very question. What struck me about it was that it framed the question in such a way as to suggest that people need to make a choice … [Read more...] about Grow Your Assets, Grow Your Income