November 2024

Should you let day-to-day news affect your investing? Plus, when will stock valuations normalize?

Portfolio Manager John De Goey answers readers’ questions about rate cuts, a soft landing versus a recession, and irrational markets https://financialpost.com/fp-answers/news-affect-investing-stock-valuations-normalize #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

Should you let day-to-day news affect your investing? Plus, when will stock valuations normalize? Read More »

What You Need to Know About Bank Account Beneficiary Rules

When you name someone as a beneficiary on a financial account, you’re giving them permission to inherit your account assets upon your death. This can make it easier to pass your wealth on to your loved ones after you’re gone. You can choose beneficiaries for life insurance policies, investment accounts and retirement accounts, as well

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How One Lucky Financial Break Can Change Everything For Good

I firmly believe that above-average wealth is largely a result of luck. If we fail to recognize our lucky financial breaks, we risk confusing our abilities with good economic times. This overconfidence can lead to poor decisions and increase the likelihood of financial ruin. Since starting Financial Samurai in 2009, I’ve witnessed fortunes rise and fall. Time

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12 Ways People Turn Their Gaming Passion Into Profit

Turning a gaming passion into profit is an exciting way to combine what you love with earning money. These creative methods not only help you make extra income but can also open the door to a fulfilling career. Understanding these options can inspire gamers to turn their hobby into something rewarding, both financially and personally.

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Three cases where the CRA denied COVID-19 benefits, and what they tell us

Jamie Golombek: A day trader, a fitness club owner and an injured worker all had their appeals rejected by the court https://financialpost.com/personal-finance/taxes/three-cases-covid-19-taxpayers #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

Three cases where the CRA denied COVID-19 benefits, and what they tell us Read More »

Do Credit Unions Offer Better Rates on Car Loans?

Buying a car is a big financial decision, whether you’re purchasing a new vehicle or a used car. Auto loans are available from car dealerships, banks and credit unions—and credit unions might offer better interest rates than other options. That could translate to big savings over the life of your loan. If you’re in the

Do Credit Unions Offer Better Rates on Car Loans? Read More »

Smart Money Podcast — From Eggflation to Ghost Jobs: Roasting 2024’s Biggest Financial Turkeys

Sean Pyles writes for NerdWallet. Email: spyles@nerdwallet.com. Twitter: @SeanPyles. Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com. Twitter: @sarakrathner. The article Smart Money Podcast — From Eggflation to Ghost Jobs: Roasting 2024’s Biggest Financial Turkeys originally appeared on NerdWallet. https://www.nerdwallet.com/article/finance/smart-money-podcast-from-eggflation-to-ghost-jobs-roasting-2024s-biggest-financial-turkeys #financialliteracy #financialfreedom #finance #financialindependence #personalfinance #money #financialeducation #investing #financialplanning #entrepreneur #debtfree #wealth #creditrepair #budgeting #investment #debtfreecommunity

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13 Clever Ways Budget-Savvy Parents Create a Rich Family Life

Creating a happy family life doesn’t have to mean spending a lot of money. Budget-savvy parents find clever ways to make the most of their resources while focusing on what truly matters—time together, meaningful experiences, and building strong connections. By being creative and resourceful, parents can provide rich memories and opportunities for their kids while

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Ready for a GST holiday? The low-down on tax breaks, rebates and other government giveaways

Everything you need to know about federal and provincial measures to help Canadians with the cost of living https://financialpost.com/personal-finance/taxes/everything-you-need-know-ottawa-gst-cuts #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

Ready for a GST holiday? The low-down on tax breaks, rebates and other government giveaways Read More »

Why Is There an Inquiry From the IRS on My Credit Report?

You might see an inquiry from the IRS on your credit report if the IRS asked you to verify your identity, you owe back taxes or you’re working for the IRS. However, the inquiries will be soft inquiries, which don’t affect your credit scores. Why Is There an IRS Inquiry on My Credit Report? A

Why Is There an Inquiry From the IRS on My Credit Report? Read More »

The Santa Claus Rally Phenomenon And Its Origins

The Santa Claus Rally refers to a historically observed stock market phenomenon where U.S. equity markets tend to perform well during the last five trading days of the year and the first two trading days of the new year. Historically, the average gain during this seven-day period is around 1.3%. As time has gone on, largely thanks to

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What Is a FAFSA Contributor?

Eliza Haverstock writes for NerdWallet. Email: ehaverstock@nerdwallet.com. Twitter: @elizahaverstock. The article What Is a FAFSA Contributor? originally appeared on NerdWallet. https://www.nerdwallet.com/article/loans/student-loans/what-is-a-fafsa-contributor #financialliteracy #financialfreedom #finance #financialindependence #personalfinance #money #financialeducation #investing #financialplanning #entrepreneur #debtfree #wealth #creditrepair #budgeting #investment #debtfreecommunity #credit #financialadvisor #creditscore #financetips #financialgoals #realestate #debtfreejourney #moneymanagement #creditrestoration #invest #wealthbuilding #creditrepairservices #moneytips #passiveincome #finances #generationalwealth

What Is a FAFSA Contributor? Read More »

13 Affordable Ways Couples Can Keep the Romance Alive

Keeping the romance alive doesn’t have to cost a fortune. In fact, finding affordable ways to spend quality time together can make your relationship stronger and more meaningful. With a little creativity, couples can keep the spark alive while saving money for the future. 1. Picnic in the Park Pack a basket with finger foods,

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What Is the Standard Deduction for 2025?

New, larger standard deductions for 2025 could help you save a few dollars on your federal tax return in 2026. Standard deductions are adjusted each year for inflation. For the 2025 tax year, the standard deduction is increasing to $15,000 for single filers, $22,500 for heads of household and $30,000 for married couples filing jointly.

What Is the Standard Deduction for 2025? Read More »

The Best Pet Insurance in New Jersey for 2024

Sarah Schlichter writes for NerdWallet. Email: sschlichter@nerdwallet.com. The article The Best Pet Insurance in New Jersey for 2024 originally appeared on NerdWallet. https://www.nerdwallet.com/article/insurance/best-pet-insurance-new-jersey #financialliteracy #financialfreedom #finance #financialindependence #personalfinance #money #financialeducation #investing #financialplanning #entrepreneur #debtfree #wealth #creditrepair #budgeting #investment #debtfreecommunity #credit #financialadvisor #creditscore #financetips #financialgoals #realestate #debtfreejourney #moneymanagement #creditrestoration #invest #wealthbuilding #creditrepairservices #moneytips #passiveincome #finances #generationalwealth

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12 Rewarding Night Jobs Offering Ultimate Flexibility

Night jobs with flexible schedules are a game-changer for people who need work that fits their lifestyle. Whether you’re a night owl, juggling family responsibilities, or pursuing other goals during the day, these jobs let you earn money on your own terms. Choosing a night job with ultimate flexibility helps you balance work and life

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Best High-Yield Online Savings Accounts: 4.80% APY (November 2024)

The best savings accounts offer high-yield interest rates and don’t require you to maintain a huge minimum balance (or any balance whatsoever) to avoid fees. If you are using a brick-and-mortar bank as your savings account, you need to switch. They don’t pay anything. And the banks on this list pay many many times that.

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The sugar rush from ill-advised tax breaks is not healthy now nor for the future

Kim Moody: Proposed GST/HST holiday and the Working Canadians Rebate will have zero lingering benefits https://financialpost.com/personal-finance/taxes/ill-advised-tax-breaks-not-healthy-now-future #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

The sugar rush from ill-advised tax breaks is not healthy now nor for the future Read More »

What Is Loan Principal?

The principal on a loan is the original amount you agree to repay. It can affect how much interest you owe with each payment, and a portion of each loan payment generally goes toward the principal. Over time, the principal balance decreases—and making extra payments could help you save money and pay off the loan

What Is Loan Principal? Read More »

Mega Backdoor Roth IRA: Supercharging Your Retirement Savings

Ever since I started saving for retirement in 1999, I’ve been a proponent of tax-deferred retirement vehicles like the 401(k) and skeptical of tax-now vehicles like the Roth IRA. Working in banking, I was already being taxed out the wazoo and had no desire to pay even more. Frankly, I wasn’t even familiar with the

Mega Backdoor Roth IRA: Supercharging Your Retirement Savings Read More »

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