It’s surprisingly easy to live life broke on a relatively high income. One of the reasons some high earners have no money is a simple concept known as lifestyle inflation. Put simply, the more they earn the more they spend, so their financial situation never really changes, although it certainly appears to. Their houses get […]
There’s no doubt about it. Living a nice life in the United States costs money. But how much exactly? How much money is enough to make you happy? That seems like an impossible question. Not least because there are a few things that make the concept hard to standardize. For a start, there will be […]
What if I could show you a way you could make your kid wealthy. For real. No get-rich-quick schemes. No summer jobs. No complicated financial shenanigans. All it takes is small gifts. What Do I Mean by Wealthy? If you’re expecting me to teach you how your kid can become as wealthy as Bezos, Gates, […]
In order to be as competitive as possible, along with high salaries, companies more so than ever need to also offer competitive benefits. Group RRSP plans, health care for the employee and their family, and various insurance coverages, help position employers to prospectus applicants. Insurance coverage that employers offer is fairly standard. They include disability […]
Every year the biggest companies in the golf industry come out saying this year’s drivers go longer and straighter than ever (they’ve been saying this for decades). It leads us (as consumers) to believe that by simply replacing our current driver with a nice, shiny, new one, we will be able to hit the ball […]
The National Foundation for Credit Counseling (NFCC) has released the results of its annual financial literacy survey. The findings are not that surprising, showing that most Americans carry credit card debt, many are concerned about their savings in general and retirement savings in particular, and a significant minority don’t manage to pay all their bills on […]
Why Do You Want to Retire Early or Dare I Ask at All? The answer could be that you’ve had a series of jerk bosses and want to be done with working for them. Or your boss has you working 60 hours a week, but only pays you for 40 and even that at miserly […]
The Consumer Financial Protection Bureau (CFPB) just released its annual report of the Private Education Loan Ombudsman, detailing statistics of complaints relating to student loans over the past two years (through August 2019) The report bases its findings on data from the CFPB’s Consumer Complaint Database. The database, typically updated daily, holds information on complaints […]
Hint: it depends on your personality… We’ve all been there. Student loans to help pay for tuition. A business loan to help rent an office space and furnish it before you see any paying clients. Credit card debt to cover expenses while you start building your practice. It’s tough to get your education and start […]