I was browsing through the archives yesterday and came by a gem of an interview with a 36 year old millionaire. Not only did QCash accumulate $1.5M by age 36, he retired at the age of 35!
Norbert’s Gambit is a way to save on currency exchange costs at discount brokers. The process varies by the institution; Michael James on Money wrote about how to do a Currency Exchange with Norbert’s Gambit at BMO InvestorLine.
Most, if not all, financial institutions provide a questionnaire for a potential investor to fill out; this helps them (and the investor) gauge the risk tolerance. Boomer & Echo touched upon this subject through the post Are You a Risk-Taker?.
Withdrawing from an RRSP should be a last resort for any individual. However, when life’s curve balls necessitate such an action, it will be useful to remember The Blunt Bean Counter‘s post on RRSP Withdrawals – Two Tax Traps.
Although it is great to get started on an RRSP and TFSA at a young age, it becomes important to decide on the goal for the money. This may include retirement (e.g. RRSP), buying a house (e.g. TFSA), etc. Canadian Dream discussed about focusing on the details (e.g. spending in retirement, size of house, etc.) to create and achieve a realistic goal: What’s It For?.
It is likely that a few of us view housekeepers as a luxury reserved for the elite population. Young and Thrifty quashes such a notion with personal examples and wondered about Lifestyle Inflation Threat: Housekeeper or No Housekeeper?.
Sometimes, a debt spiral can end in bankruptcy. However, as with other things in life, many situations can be salvaged. The Canadian Finance Blog showed How to Avoid Bankruptcy with a Consumer Proposal.
There are many alternative currencies floating around these days. Cryptocurrencies such as Bitcoin have probably gained in popularity in a short time. Nevertheless, Sustainable Personal Finance went to the tried and tested alternative and asked readers: Should you pick gold as your alternative currency?.
There is likely to be more than a handful of discontented parents who would like to see a change in the school system. Mr. Money Mustache expressed his views on the topic by discussing about homeschooling: If I Ran the School, Things Would be Different.
With tax season around the corner, My Own Advisor arrived in time with Tax tips every Canadian should know about.
Saving and investing prudently is a path to success, at least financially. Nonetheless, there are other forms of investment such as these Three Lifestyle Investments for success as listed by the Retire Happy blog that are worth keeping in mind.If you would like to read more articles like this, you can sign up for my free weekly money tips newsletter below (we will never spam you).