Category: Alain
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Challenges and Opportunities of Declining Birth Rates
Fertility rates are falling worldwide, across all income levels, education backgrounds, and labor force participation rates among women. According to the World Bank and UN estimates, the current global fertility rate is approximately 2.4 children per woman—down from about 5 children per woman in the 1950s. A replacement fertility rate (the rate needed to maintain…
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Are you House Rich, Cash Poor?
What does it mean to be house rich cash poor? To be “house rich, cash poor” refers to a situation where a person owns a valuable property, typically a home, but struggles with day-to-day financial liquidity. Essentially, they have a significant portion of their wealth tied up in their house, leaving them with little available…
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Why Wealthy People Are Running Away From High-Tax Jurisdictions
The Progressive Tax System is unjust Many jurisdictions impose high taxes on their most productive members of society while offering minimal taxes to those who contribute the least or nothing. Imagine an accountant, an engineer, or a nurse who has spent years studying and working long hours, only to face tax rates of up to…
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From Flashy Sports Cars to Financial Freedom
When I was a teenager, I dreamed of having a fancy car. I devoted all my energy and effort to owning a sports car, and I finally succeeded. That car was my biggest pride, but it was also the main reason why I was broke. I was constantly improving it, making it flashier and faster,…
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We can help the planet and reduce inflation by consuming less
When I came to Canada, as an immigrant, I had very little money. I struggled to pay for rent, food, and tuition and at that time I learned to be frugal and to ask myself if every item I bought was a want or a need. Now, after 22 23 years in Canada, I am…
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Amazon.com: A great investment, a great service, and a great employer
Amazon.com as an investment I am a happy investor in Amazon.com, a happy client, and I think Amazon is a great employer. No, I wasn’t smart enough to buy Amazon when it was a small internet company operating from a garage, but I am smart enough to buy the S&P 500 index and and I…