January 2024

It’s time for the CRA to implement an automatic tax-filing system

It’s time for the CRA to implement an automatic tax-filing system

Kim Moody: People with straight-forward income shouldn’t have to pay much, if anything, to annually prepare tax returns https://financialpost.com/personal-finance/taxes/time-cra-implement-automatic-tax-filing-system #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

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Pros and Cons of Paperless Bank Statements

Pros and Cons of Paperless Bank Statements

Forget old-school bank statements printed on paper. These days, more financial institutions are allowing customers to opt out of receiving paper statements and instead receive them electronically. While paperless statements offer pros such as less clutter from hard-copy statements, they also present some cons such as harder access to older records. Here, we explain what

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Inflation And Greed: The Biggest Wealth Destroyers For Families

Inflation And Greed: The Biggest Wealth Destroyers For Families

After publishing my post on no longer being financially independent, several media outlets picked up the story and thousands of comments on their respective platforms ensued. The main criticism was that my expenses were way too high and that I am greedy. As a result, I thought it would be useful to discuss the impact

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Prioritizing Your Calendar For Your Three Big Rocks

Prioritizing Your Calendar For Your Three Big Rocks

I’ve often said that being a business owner is not for the faint of heart. You’ll undoubtedly encounter setback after setback, and you’ll definitely miss out on some of those special moments in life. As an entrepreneur, you pour all of your time and energy into the business so that you can watch it thrive.

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More FAFSA Delays Likely to Slow Aid and College Decisions

More FAFSA Delays Likely to Slow Aid and College Decisions

Eliza Haverstock writes for NerdWallet. Email: ehaverstock@nerdwallet.com. Twitter: @elizahaverstock. The article More FAFSA Delays Likely to Slow Aid and College Decisions originally appeared on NerdWallet.

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Average Retirement Income 2024: What is a Good Monthly Retirement Income in 2024?

Average Retirement Income 2024: What is a Good Monthly Retirement Income in 2024?

How much do you need to have saved to enjoy a fruitful retirement? The answer is difficult. It’s hard to project how much you think you’ll be spending once you stop working. Will you eat out as much? Will you travel more? You may have heard of the 4% rule – that you can safely

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Why ‘loud budgeting’ is gaining ground

Why ‘loud budgeting’ is gaining ground

Watch: Personal finance expert Kelley Keehn unpacks what that is and why tracking your ‘financial calories’ works https://financialpost.com/personal-finance/loud-budgeting-gaining-ground #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

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How to Pay Off High-Interest Credit Cards

How to Pay Off High-Interest Credit Cards

To pay off high-interest credit cards, avoid adding to your debt, explore strategies to lower your interest rates, direct more money to payments and get expert help if you need it. If you’re struggling with credit card debt, you’re not alone. Credit card debt balances among U.S. consumers grew 10% between in 2023, according to

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What Is Banking & How Does It Work?

What Is Banking & How Does It Work?

The post What Is Banking & How Does It Work? appeared first on Millennial Money. Banks are financial institutions that provide a wealth of services to individuals and businesses, from deposit accounts to loans and investment services. They’re a staple in most people’s personal finances and the economy overall. Let’s look at the basics of

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Can You Buy a Car with a Credit Card?

Can You Buy a Car with a Credit Card?

For many of us buying a car is the second largest purchase that we’ll ever make. Since it often requires financing, it’s been compared to buying a home — which is commonly our first largest purchase in terms of total dollars spent. So you likely question yourself, “Can I buy a car with a credit

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Why the Chase Sapphire Preferred is Best for All-Purpose Travel in 2024

Why the Chase Sapphire Preferred is Best for All-Purpose Travel in 2024

Caitlin Mims writes for NerdWallet. Email: cmims@nerdwallet.com. The article Why the Chase Sapphire Preferred is Best for All-Purpose Travel in 2024 originally appeared on NerdWallet.

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The Best Credit Cards for Teens To Learn Financial Responsibility

The Best Credit Cards for Teens To Learn Financial Responsibility

Teens can establish and build up their credit with the right credit cards. Finding and choosing the best credit cards for teens can be difficult, so it’s essential to research the card’s benefits and features first. It’s also critical for teens to understand the concept of credit and how it works. After all, their credit

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A new way to use the old retirement laddering strategy to manage risk

A new way to use the old retirement laddering strategy to manage risk

Martin Pelletier: GIC strategy not that appealing for majority of income-seeking investors https://financialpost.com/investing/new-way-use-old-retirement-laddering-strategy-manage-risk #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

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How to strategically cut the financial cord with your adult children

How to strategically cut the financial cord with your adult children

Ida Khajadourian: Financial support should not come at the expense of a child’s path to financial independence https://financialpost.com/personal-finance/family-finance/how-strategically-cut-financial-cord-with-adult-children #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

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PocketSmith Review: The Best Freemium Budgeting App?

PocketSmith Review: The Best Freemium Budgeting App?

If you’re looking for a top-notch budgeting app, PocketSmith deserves a closer look. While it lacks some of the fancy add-ons of some other budgeting apps, like investment management tools, it’s got everything you need on the budgeting side. In this PocketSmith review, we’ll cover the key features, plans and pricing, and pros and cons.

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Blew Up My Passive Income, No Longer Financially Independent

Blew Up My Passive Income, No Longer Financially Independent

My family and I could have been set for life. Instead, due to my inability to beat back real estate FOMO, I blew up our passive income. And because our passive income is now much lower, we are no longer financially independent. Desire is the cause of all suffering. Due to my desire to own

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After-Tax Contributions to Your 401(k): A Complete Guide

After-Tax Contributions to Your 401(k): A Complete Guide

The post After-Tax Contributions to Your 401(k): A Complete Guide appeared first on Millennial Money. In order to have enough money for retirement these days, many people have to develop highly sophisticated savings strategies, including 401(k) plans. That said, you can’t save unlimited money for retirement. But with the right strategy, you can harness after-tax

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How Do Debt Consolidation Loans Work?

How Do Debt Consolidation Loans Work?

Jackie Veling writes for NerdWallet. Email: jveling@nerdwallet.com. The article How Do Debt Consolidation Loans Work? originally appeared on NerdWallet.

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Cutting costs not enough? Here’s how to start a side hustle that works

Cutting costs not enough? Here’s how to start a side hustle that works

If you are scrimping and saving all you can and still not making ends meet, there is a solution https://financialpost.com/personal-finance/how-to-start-side-hustle-that-works #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

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