Category: Personal Finance
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What are your financial goals?
Whenever I speak with a person and their finances, my first question is: “What are your financial goals?” Some people want a house, others want an education, and many want retirement. Here are some steps that will help you figure out your financial goals. Figure out Your net worth The first step to figure out…
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Turning Trash into Treasure: How to Make Money by Repurposing Old Belongings
If you have a bunch of old stuff lying around that you don’t use, you can use it to make money. Don’t just throw them away or let them collect dust. Instead, consider repurposing them to make some extra cash. If you’re strapped for cash or want to clear out the storage unit, here are…
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Warren Buffett hates bonds and so should you
Warren Buffett is one of the richest men in the world. He is self-made. He didn’t inherit his billions from his mom and dad, He didn’t get his billions from a divorce like Melinda Gates and MacKenzie Scott, he worked for them. We may be curious about his investment style. Well, he has been investing…
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Don’t waste your money on expensive wine
My wine budget allows me to buy wines that cost between $10 CAN to $15 CAN. I never spend more than that. I bring them to house parties where some of the better off people bring wines that costs about $50 CAN. No one can tell the difference. No one can tell which which wine…
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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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How to benefit from global income inequality
We are so lucky to earn money in Canadian and US Dollars. When I go to my country and spend my money in Colombian Pesos, I get a lot of value for my money. My mother is spending her retirement years in Colombia because she can spend her money on things that would be prohibitively…