Choosing a mortgage is one of the biggest financial decisions you will make in your life. Getting it right can mean thousands of dollars saved, years of pressure-free living – yes, it really affects your well being and standard of living! But on top of being costly, mortgages can get easily confusing. There are hundreds …
5 Things You Need to Know When Going for a Mortgage Read More »
My Fixed or Variable Mortgage Rate Decision Back in 2008, I opted for a variable mortgage rate and it has proven to be the best decision ever. My rate is currently at 2.50%, a substantial drop from the starting point of 4.25% in 2008. With less than a year to go before I get to …
Back in the summer of 2008 I bought my house and went with a variable rate mortgage at prime 0.50. When I picked my mortgage I did not expect seeing the subsequent economic events unfolding. I did not think I would go through 50 bps rate cuts and end up with a rate as low …
Why I choose to pay down the mortgage faster instead of investing Read More »
Investors in the oil and gas sector, must stay plugged in (pun intended) to the transportation market. After all, it accounts for 70% of oil demand. In the last few years companies like tesla have been making quantum leaps in Electric Vehicle (EV) technology. While I expect EV technology to become predominant in the future, …
Electric Cars are Cool – But They Simply Don’t Make ANY Financial Sense Read More »
Car insurance is a significant expense but it is one area your household can easily save on with minimal effort on your part. Whether your insurance is up for renewal or you’re currently looking to buy a new car, chasing down the right insurance provider will have a significant impact on your wallet. The insurance …
It’s been almost a decade since the deepest of the dark days of the 2008 housing crisis and its subsequent recession. While it may seem that the worst is over, let’s not kid ourselves. The recession has had far reaching consequences that will take many years to finally lay to rest. If we were to …
The holiday season is known for being a huge budget drain. In fact, many people will rack up so much debt on their credit cards while shopping for the season that they spend the better half of the following year paying it off. So before you max out your personal and small business credit cards …
Sponsored Video ? Tips for Surviving the Holiday Season Shopping Read More »
Whether you are in the process of purchasing a home for the first time or are simply tired of overpaying for your current home owners insurance, you may very well find yourself shopping around for the best home insurance rates on the market today. After all, owning a home comes with the further responsibility of …
Shopping for Home Insurance? How to Find the Best Rates Read More »
The Conference Board of Canada’s Compensation Planning Outlook is forecasting Alberta will be the province with the highest average salary increases in 2013. The oil and gas industry is projecting the highest average increase at 4.2 per cent in 2013. Excluding oil and gas, the natural resources sector comes next at 3.6%. These numbers are …
The following post is brought to you by autoblog.com. Are you in the market for purchasing a new car, or maybe a used car? Either way, I’m sure that you want to find the best deal possible on your next ride, but where do you go to find a deal? And how do you even …
Back in 2008, I opted for a variable mortgage rate and it has proven to be the best decision ever. My rate is currently at 2.50%, a substantial drop from the starting point of 4.25% in 2008. With less than a year to go before I get to renew the 5 year term, you will …
If you’ve put money into a life insurance plan then you want to know that it’s going to be paid out should anything happen to you. You don’t want to lose the money you’ve paid in or risk the chance of your dependents being left with no pay-out. So what happens if your life insurance …
What Happens to my Premiums and my pay-out if my Life Insurance Company Goes Bankrupt? Read More »
Car insurance is a significant expense but it is one area your household can easily save on with minimal effort on your part. Whether your insurance is up for renewal or you?re currently looking to buy a new car, these few tips could have a significant impact on your wallet: Choose your car wisely: Not …
Last Saturday I was invited to Paul’s (coworker) house for his daughter’s birthday. Our daughters enjoy playing together since they are of the same age. I
Should I refinance? When do I refinance? some tips on helping you answer these questions about mortgage refinancing.
Just a couple of days ago I visited my “Personal Banquier” to discuss some investment options. Remember back in May I fired my financial planner for lack of
Why insurance and financial freedom go hand in hand in order to protect your retirement .
Yesterday, the bank of Canada went ahead and raised the prime rate for a second time in a row. The prime rate is now 2.75%. Regardless of what the rate
This post is my reply to the Globe and Mails article posted today titled “saying no to the home-ownership dream”. The author Noreen Rasbach uses several reasons
There’s a good chance you are actually deluded about the age you expect to be debt free. Based on the latest poll by CIBC, average Canadians expect to be
To rollover a former 401k to gold is a method used by savvy investors to exchange money type assets such as, stocks or bonds that are in their 401k accounts
BeatingTheIndex is featured this week! I would like to give a big thank you to Larry MacDonald for featuring BeatingTheIndex in the “Me and My Money” sectio
financial tips
Downgrading your position is almost equivalent to losing your job. Here are tips to search for a new job.
