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Save $200 A Year With These 4 Free Chequing Accounts

Save $200 A Year With These 4 Free Chequing Accounts

I have a confession.

I'm a new grad and I still pay monthly fees for my chequing account.

And I have to watch how many transactions I do per month so I don’t go over my limit, resulting in even more fees...

And every month, I ask myself, "Why do I still pay fees when no-fee alternatives exist?"

And today, that’s what I’m asking you, too Keep reading » about Save $200 A Year With These 4 Free Chequing Accounts

Living Like A Millionaire With The Millionaire Next Door

Living Like A Millionaire With The Millionaire Next Door

Holding true to the trend that all the highest acclaimed personal finance books seem to have been written before the year 2000…

The Millionaire Next Door (1996) by Thomas J. Stanley is one in a long list of books on generating wealth.

Stanley offers straightforward advice on how to gain wealth as he takes a very sociological approach to this process. I remember reading this book about a decade ago, when I was just starting out as a teacher and thought:

"This is great, but I don’t have money to invest. All I have is debt."

But reading it again all these years later, I have found a renewed love for the simple advice that it offers. Keep reading » about Living Like A Millionaire With The Millionaire Next Door

Should I Take Personal Finance Advice From A Barber?

Should I Take Personal Finance Advice From a Barber?David Chilton has written two books about personal finance, The Wealthy Barber and The Wealthy Barber Returns.

The Wealthy Barber was first published in 1989 and was given a 3rd edition in 1997. The Wealthy Barber Returns was published in 2011.

Admittedly, a lot can change in personal finance in a decade or so, and for that reason, I read both books. I wanted to make sure I wasn’t missing any great advice that Chilton had to offer.

I'm hoping this review will save you time and money. Not to give anything away, but you will only need to buy one of these books (if you do intend to buy either of them at the end of this review).

So let’s start at the beginning! Keep reading » about Should I Take Personal Finance Advice From A Barber?

Your Free Money - 14 Ways To Claim It Now

14 ways to claim your free money

Is free money too good to be true?

If someone comes up to you and offers you free money, no strings attached - what would you do?

I know. You’d probably keep walking in the other direction…But here’s the thing:

There is actually a ton of free money available to most Canadians just waiting to be taken advantage of.

But first - let’s answer a couple of questions...

Where does (legit) free money come from?

It could come from the government, your employer, a business looking for new customers - or simply by choosing to give your bank less money (because they have enough of it for goodness sake!).

What do I require from you to get access to all this money?

The willingness to spend a little time and take ACTION. You need to get organized and follow through on making some simple changes to your life. Then, watch the free money and savings start rolling in.

If that sounds good to you - then let’s get started.

A Note About Claiming Your Free Money

Keep reading » about Your Free Money - 14 Ways To Claim It Now

The Scotia Momentum Visa Infinite 4% Cash Back Credit Card

Last updated: November 2, 2018

The Scotia Momentum Visa Infinite 4% Cash Back Credit Card

The Scotia Momentum Visa Infinite has been a favorite among cash back loving Canadians for a while now, but there were two big things stopping many of us, including myself, from applying for one.

  • There are categories for earning cash back, as opposed to a flat rate across all spending.
  • No sign up bonus for applying, so why switch?

However, with the recent MBNA de-valuations, now might be the perfect time for the switch. Keep reading » about The Scotia Momentum Visa Infinite 4% Cash Back Credit Card

‘Money Master the Game’ Review

‘Money Master the Game’ Review

Tony Robbins seems like he knows a few things about confidence, health, and mental and spiritual growth.

But does he know anything about money?

I bought Money: Master the Game by Tony Robbins about three years ago and it sat on my bookshelf for just as long. (I just looked at it, hoping that I could absorb 600 pages of information through osmosis.)

Originally, my friend, Greg, had recommended the book to me. He was in the process of buying his sixth or seventh new income property when he had read the book and started raving about it.

This seemed like a strong recommendation from someone who knows his stuff, so I took his word for it. He said he had learned some simple, but important investment principles, and he was using them to to his advantage.

Then I started reading...

Keep reading » about ‘Money Master the Game’ Review

A Search For The Best High-Interest Savings Account In Canada

Last updated: October 26, 2018

A Search For The Best High Interest Savings Account In Canada

With the Bank Of Canada raising interest rates, a strange event may be taking place and it’s one Canadians haven’t seen in a long time.

In fact, I don’t think I’ve witnessed it since becoming an adult.

Savings accounts might soon become a viable place to put your money to help earn interest. But the question remains whether or not now is a good time to start using one.

So grab that stashed cash under the mattress – or more preferably from your investment account – as it may be time to drive down to your local bank and trust them with some of your hard-earned money. Keep reading » about A Search For The Best High-Interest Savings Account In Canada

The One Major Move To Increase Your Net Worth

The One Major Move to Increase Your Net Worth

You may think that, in order to increase your net worth, you need to start investing in the stock market, try and make more money online or even get your foot in the door with a new and exciting business opportunity.

But one of the biggest ways to add more cash flow to your budget is simply changing where you live.

Whether it’s moving to a more affordable home or to a city with more employment opportunities, if this is the year you’re serious about growing your net worth and having a higher savings rate…

...think about moving to a lower cost area.

To help get you started, I've compiled a list of the most affordable cities to live in throughout Canada. Keep reading » about The One Major Move To Increase Your Net Worth

Buy It For Life: Are Quality Products Worth the Investment?

Buy It For Life: Are Quality Products Worth the Investment?

"Oh, I totally get it! BIFL!" my friend said.

As I read the transcript, I asked the question: "BIFL? What does that mean?"

"Buy It For Life," was the answer I received in the chat window.

This was the first time I had ever heard the formalized construct of buying something that was higher quality in the hopes that it would last longer, but it was actually something I had considered for quite some time.

I think my awareness of this issue first came at a very early age.

One day in elementary school, we were introduced to the concept of sweatshops. At that young age, I felt that buying products that were produced in substandard conditions to be sold to consumers for a cheap price was wrong.

As I reflect on this many years later, I also consider the aspect of transactional costs:

What is the real cost of getting things cheap? Keep reading » about Buy It For Life: Are Quality Products Worth the Investment?

How To Consign Like A Boss: 12 Ideas to Maximize Your Profits and Savings

How To Consign Like A Boss: 12 Ideas to Maximize Your Profits and Savings

Thrift shops. Second hand stores. Garage sales.

When it comes to saving money, buying used and second-hand items are the smart saver’s bread and butter.

A great way to not only save, but EARN a bit of extra cash is through the world of consignment.

Like a thrift store, pre-loved goods are resold at a fraction of the price they were purchased for.

However, unlike thrift stores, consignment stores pay the seller for their goods.

There are various types of consignment businesses ranging from children’s clothing and gear, to sportswear and household goods. So take a look through your closet, declutter and trade in your forgotten-about items for quick cash. Keep reading » about How To Consign Like A Boss: 12 Ideas to Maximize Your Profits and Savings

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