If you’re a Canadian investor, you may have heard that Canadian banks are great long term investments. Those of you who regularly follow this blog know that I love my dividends and if you look at my dividend income reports closely, you’ll see that the majority of my dividend … [Read more...] about Why Everyone Should Own Canadian Banks
Saving and Investing
5 Steps to Growing Your Wealth
Here are 5 steps to growing your wealth. Many people struggle with their finances and never achieve the level of wealth and financial security that yearn for. Part of the problem is that, for many, they don't know where to begin. This post is designed to give a blueprint to … [Read more...] about 5 Steps to Growing Your Wealth
TFSA Contribution Now $10,000! And Other Goodies in the Federal Budget
After weeks of delay the Federal Government finally tabled its budget and it is full of goodies for Canadians. I must say I haven't been a huge fan of this government but let's face it anytime a government returns some of our hard earned tax dollars is always a good thing. Here … [Read more...] about TFSA Contribution Now $10,000! And Other Goodies in the Federal Budget
Become A TFSA Millionaire!
In this post I look at how anyone...that's right I said ANYONE...can become a TFSA millionaire. If you don’t know anything about investing then this post is for you. This is the time of year when everyone’s focus and attention are on their RRSP contributions so they can get a … [Read more...] about Become A TFSA Millionaire!
How To Save Money
People always want to know how to save money. If you follow financial news you probably already know that one of the biggest obstacles to saving is that people are spending too much money and are carrying too much debt. Anyone with large amounts of debt are being told that … [Read more...] about How To Save Money
How to Get Rich…Eventually in 2015
How to get rich eventually? Why not follow some of the tried and true habits of the world's richest people. I recently read a Bloomberg article that reported that the 400 wealthiest people on earth (all billionaires) were worth a combined $4.1 trillion – that’s up $92 billion … [Read more...] about How to Get Rich…Eventually in 2015
Pay Down Mortgage or Invest?
One of the major debates of personal finance has been the question of whether it is better to pay down your mortgage or invest your money instead. Of course, there is no simple answer to that question and the fact that the media is constantly reminding us that we have too much … [Read more...] about Pay Down Mortgage or Invest?
Top 10 Warren Buffett Quotes
Welcome to my top 10 Warren Buffett Quotes! For those who may not know, Warren Buffett is the world's most successful investor and one of the top 5 richest people on the planet with a net worth of over $58 billion according to Forbes. He's been investing since the 1940s and is … [Read more...] about Top 10 Warren Buffett Quotes
Pay Yourself First!
After reading the Canadian Payroll Association (CPA) survey on how dismal personal savings rates are, I thought I'd write a post on the "pay yourself first" principle. First off, in case you missed it, the CPA report found that: More people are living … [Read more...] about Pay Yourself First!