Q. I am a single 61-year-old and my concern for my nest egg is simply maintaining the capital. I’m not optimistic about the world economies and wonder if Treasury bills or guaranteed investment certificates (GICs) are enough of an investment to simply keep my principal intact over the next few years. I make about $60,000 […]
Are GICs enough to keep Silvia’s nest egg going? Read More »
In poker, having position means you act last. And acting last is one of the most powerful advantages in the game. You can raise with nothing to push opponents into folding, call with a weaker hand without fear of getting re-raised, or simply check and do nothing when your cards are mediocre. Every option costs
Having Position Is Only Valuable If You Use It Wisely Read More »
In this episode of the DecaMillionaire Decoded podcast, host Justin Goodbread breaks down the exact framework he used to take a startup Registered Investment Advisor (RIA) from inception to an eight-figure valuation in just 49 months. He challenges financial advisors to move past mediocrity and embrace the systems required to achieve DecaMillionaire status -an enterprise
Why 80% of Financial Advisors Never Break $1M Read More »
You’re about to sign the papers for your new car when the dealer solemnly advises you to buy an extended car warranty to cover repairs after the included warranty expires. You squirm. The idea of more coverage sounds nice, but is this a good deal? In fact, there really isn’t an easy or quick answer about…
Extended Warranty Scams: What Car Owners Need to Know Read More »
Making money is often painted as a simple climb, but some paths demand far more grit than people expect. Across the U.S., certain careers and business ventures offer impressive earning potential. Yet they’re notoriously tough to break into and even harder to thrive in. For anyone considering a major career shift or launching a new
15 Lucrative Paths Few Can Actually Handle Read More »
Canadians continue to run into trouble with their tax-free savings accounts ( TFSAs ), as evidenced by the steady flow of e-mails I get from readers complaining about being charged overcontribution tax by the Canada Revenue Agency for situations often beyond their control. For example, just this week, a reader wrote to me about the
CRA refused to cancel TFSA overcontribution tax Read More »
Bella Avila writes for NerdWallet. Email: [email protected]. The article Can You Invest in the S&P 500 but Leave Out Some Companies? originally appeared on NerdWallet. https://www.nerdwallet.com/investing/learn/avoid-companies-in-sp500 #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
Can You Invest in the S&P 500 but Leave Out Some Companies? Read More »
The universe has always sparked curiosity, and for those who feel drawn to its mysteries, there are careers that turn that passion into real opportunity. Today’s space‑driven fields offer not only the thrill of exploration but also impressive earning potential. 1. Astrophysicist These starry-eyed scientists earn around $120,000 for unraveling the universe’s mysteries. Their work
12 Lucrative Space Careers Worth Exploring Read More »
Now that both of their children have started their careers, are married and purchased their first homes, Timothy,* 57, and Margaret, 53, are ready to retire. Ideally, they both want to leave the workforce in two years when Timothy can retire with his full defined-benefit pension after 30 years of work. “We’ve helped the kids
Should couple in their 50s who want to retire tap into RRSPs or apply for CPP? Read More »
Due to the U.S. and Israel’s bombing of Iran, oil prices temporarily shot up to $120 per barrel (WTI crude). If the Strait of Hormuz gets completely shut down, perhaps oil prices might go to $150+ a barrel. This would create a tremendous tax on consumers everywhere. With yet another increase in a core living expense,
How to Survive Higher Oil Prices After The Bombing Of Iran Read More »
In this episode of the DecaMillionaire Decoded podcast, Justin delivers a wake-up call to financial advisors and business owners who are still using outdated marketing strategies. 80% of financial advisors struggle to break the $1 million revenue mark – this is usually because the owner is still acting as the primary technician rather than a
Financial Advisors: The Robots Chose This Firm Over You (Here’s Why) Read More »
Sam Taube writes for NerdWallet. Email: [email protected]. The article Curious About Stock Lending? Here Are the Best Brokers for It originally appeared on NerdWallet. https://www.nerdwallet.com/investing/learn/stock-lending-pros-cons-best-brokers #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
Curious About Stock Lending? Here Are the Best Brokers for It Read More »
Building wealth can sometimes feel like navigating a world full of hidden doors and insider shortcuts, especially when the rich seem to have access to strategies most people never hear about. The financial landscape often looks exclusive from the outside, but many of these methods are more accessible than they appear. 1. Investing in Collectibles
15 Wealth Hacks Most People Never Hear About Read More »
I used to impose what my kids jokingly called the “Dad tax” when they were younger. If we went out for dinner and they ordered something that looked particularly appealing, I would demand a small sample as my tax for paying the bill. Over time, they figured out how to avoid the tax by ordering
Chase Ultimate Rewards® are some of the most valuable transferable points available. Points can be redeemed for travel through the Chase Ultimate Rewards® portal for about 1.25 cents each if you have a Chase Sapphire Preferred® Card or about 1.5 cents each if you have a Chase Sapphire Reserve®. However, you can get more value…
I Ate Dinner on an NBA Court with a Little-Known Chase Perk Read More »
Coming into a sudden windfall can feel exciting, but it also brings a wave of decisions that can shape your financial future. Taking thoughtful steps early on can help you protect that new wealth, avoid common pitfalls, and build long‑term stability. With the right approach, what feels overwhelming at first can become a powerful foundation
15 Money Moves Most New Millionaires Miss Read More »
Money decisions are hard because they always involve the future. If you’re trying to save for retirement, your lizard brain has difficult understanding that putting $500 away each month for 40 years at an 8% rate of return will result in $1.61 million. Your lizard brain wants to get that pizza. Or grab a beer
The HALT Rule Will Help Make You Rich Read More »
Fifth anniversaries are traditionally celebrated with wood, but five years after mortgage rates hit an all-time low, some homeowners are probably wishing for stone, with a rate etched in it. About a million Canadians got the rate of a lifetime on a mortgage in 2021, but today find themselves married to homes that will cost
Recently, a home in the beautiful Forest Hill neighborhood of San Francisco was listed for $2.4 million. It had four bedrooms, three bathrooms, and a modest 2,250 square feet. The home had been remodeled about 15 years earlier. As we do with every open house, my wife and I made bets on what we thought
The Pain Of Selling A Home Too Soon In A Rising Market Read More »
Whether you have fond memories from prior visits or are looking to create some new ones, Disney World is a popular choice for travelers seeking some magic. What’s not magical, however, is the cost — with park tickets costing hundreds of dollars and overpriced theme park food around every corner, you may be feeling the…
10 Trips for Disney Adults That Aren’t Disney Read More »