How pension contributions affect your tax returns
Many employers offer registered pension plans (RPP) where employees contribute a certain amount and the employer contributes an amount in […]
Personal Finance
Why do currency values fluctuate?
We all know that currencies fluctuate in value. A European vacationer in the United States will be able to buy
Personal Finance
How peer pressure impacts your wallet
We are social animals and we have emotions. So peer pressure is a very strong force that impacts our lives
Investing Strategy
How to stop your emotions from driving financial decisions
We are humans. We have emotions. Our emotions entice us to make certain financial decisions. They get us to make
Personal Finance
Smart people use total cost of ownership (TCO) in their decision
Salespeople tend to avoid telling you about the total cost of ownership. Car dealers only want to talk about your
Personal Finance
Cheap vs Frugal
What is the difference between a cheap and frugal person. A cheap person is focused on maximizing retention of money.
Investing Strategy, Personal Finance
Opportunity Cost
Opportunity is a simple but a very important concept because it allows you to make wiser decisions. The cost of
Personal Finance
Sunk Cost
Bob’s new house was damaged in a storm. He spent $20,000 in insurance deductible and repairs not covered by insurance
Personal Finance
Rule of 72
The rule of 72 is an easy way to calculate how long it will take to double your investment. It
Smart or Greedy
A colleague of mine had invested in index funds through her bank. One of the fund tracked S&P 500. The
Why you need passive income
Light a candle. What do you see? The candle is burning away and when the fire reaches the bottom, the
Trade your time for compounded income
We all participate in the global economy. Even someone who is living on welfare checks is participating in the global