As we continue to build our family emergency fund, I often think about what is the right amount. For the longest time I’ve heard from financial gurus you need to have a minimum of 3 months and possibly up to 6 months. We’re now hearing 9 months up to a year since the economic crisis [...]
Tuesday, August 24, 2010
This is a guest post from Rick Todd who writes at Expat Investing on such topics as to whether retiring abroad is right for you and if you can afford to live abroad on social security alone. For many, retirement is seen with fear and trepidation rather than optimism and happiness. Why? For many it will [...]
Tuesday, August 3, 2010
How do you find objective financial advisers? Believe it or not, you really need to know something about how financial advisers operate and how compensated before you can make a good decision on the right adviser. I think people tend to think all financial advisers are objective and have our best interests in mind, but [...]
Wednesday, July 14, 2010
If you think about it, hiring a financial adviser is an extremely important financial management responsibility. Think about all the wild news stories you hear these days about ponzi schemes and people losing money because of unethical behaviour by brokers and advisers. These were financial professionals people thought they could trust. Of course, the news [...]
Saturday, July 10, 2010
I found this video interesting in which Brett Arends, Wall Street Journal columnist discusses some practical investing tips we can pick up from this year’s World Cup. Sports can teach us a lot about life as you may have gathered growing up playing your favorite team. But more narrowly, the World Cup and other sports [...]
Wednesday, July 7, 2010
This is a guest post from Zach over at Dividend Stocks Online where his blog helps investors find the highest yielding dividend stocks. While OMD isn’t an investing blog, we do try to cover the basics and benefits of investing. This post provides a good overview of dividend paying stock investing (with a Canadian focus). I’ll note as [...]
Tuesday, July 6, 2010
In general, the 401K is a great tool. Most people who invest for retirement start with their company 401K. And this is a great place to start. It’s easy, contributions are automatic, annual contribution limits are high ($16,500), and usually there is a company match (i.e. free money) to be had just for participating. But [...]
Monday, June 28, 2010
What if you could travel back in time 10 years and give yourself a lesson about money? Certainly, you don’t want to dwell on mistakes today and always think about what could be better if you only had done X. But, perhaps such thoughts could be used in positive light. If you could identify a few lessons learned about money, then [...]
Friday, June 25, 2010
Instead of a personal finance article roundup post today (as I typically do on Fridays), I want to tell you about some research a friend of mine, who is a voluteer with Crown Financial Ministries, is doing to create a Wise Advice retiree curriculum. There is a need out there to develop a curriculum for those who are in their retirement [...]
Monday, May 31, 2010
Your life after college can be challenging especially when it comes to managing money and your personal finances. You may or may have not had financial responsibilities during school. For those who worked their way through school had to learn very early how to earn and manage money to meet expenses. But many graduates were either [...]
Just as the rich rule the poor, so the borrower is servant to the lender. (Proverbs 22:7 TLB)
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Wednesday, August 25, 2010
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