Make Money, Save Money, Manage Money
Check out the blog posts here to learn the best tips and tricks to manage your money. Topics include budgeting, money management resources, ways to maintaining a healthy balance between your wants and your money goals, and more!
Investing is an important part of your financial plan. However, you must be careful not to fall into any pitfalls. Below are some common investing pitfalls that you must look out for. 1. Investing more than what you can afford to lose Investing is inherently risky. After all, nobody can predict with 100% certainty whether … Read more
Nowadays, many banks charge fees for having a bank account or using their services. Here are some tips and tricks on how to avoid bank fees. 1. Maintain a (slightly above) minimum balance Because banks charge fees even if you dip below the minimum balance for a day, it’s best to always have a balance … Read more
Building wealth is almost everyone’s goal, but it might seem impossible, especially if you’re living on a low income. However, financial empowerment is within your reach with strategic planning and disciplined actions. Regardless of your paycheck’s size, there are effective ways to set yourself on a path toward prosperity. Whether looking to earn more through … Read more
Are you looking to increase your credit score? Here are the best tips on how to raise your credit score by 200 points. Let’s begin! 1. Know what your current credit score is If you want to raise your credit score by 200 points, the first thing you should do is to get to know … Read more
If you’re dreaming of a spontaneous vacation, but you’re worried about your finances, you can fund your adventure without breaking the bank with some creativity and determination. Whether you want to cash in your credit card travel rewards, use loyalty points, or apply for a short-term loan from sites like My Canada Payday, there are … Read more
Today, I’d like to take this opportunity to demystify TFSA, a great savings vehicle that the government of Canada has provided to its residents since 2009. It is a vast topic, so I’d like to first focus on what this vehicle is and its benefits and common pitfalls. First thing first: What is TFSA? Nice … Read more
Many people, myself included, have started side hustles to either pursue a hobby or supplement our main sources of income. As your side hustle grows, however, you may start asking yourself this question: Should I and Why should I incorporate my business? As a small business owner, what are the advantages and disadvantages of incorporation, … Read more
Bank loans are not always guaranteed. Out of the 37% of small businesses that apply for the loans, 80% get rejected. The process is also lengthy, demanding, and unsuitable for resolving emergencies. Banks can decline a loan request for many reasons, such as bad credit, unsteady revenue, or high DTI (debt-to-income). Fortunately, you have other … Read more
No matter what stage you are in life, you must always think about your financial goals. If you don’t have any, you might want to take a moment to write them down. Most people are not financially literate and are always in a pinch. Did you know that only 24% of millennials understand basic finances? … Read more
Why you should be focussing on how much you’re contributing to your investments, as well as how much it’s growing! As a Financial Freedom Coach and Financial Educator, a lot of my clients ask me for my juicy secrets on creating financial freedom. Over the past 16 years, I’ve been investing in property and shares, … Read more
