Category: Borrowing and Debt
Understanding the mechanics of a loan
How does a loan really work? What goes into determining whether a lender will lend to a borrower? How does the loan get repaid? How does the bank make money? Determine the answers to these questions and more in this article.
How to underwrite a rental property
How to underwrite a rental property. Real estate investing isn’t rocket science, but it does come with some significant risks to understand. Read about how to study rental income and regular expenses to see whether a property is a good investment.
INFLATION – The Silent Killer
One of the concepts which we all need to be acutely aware of when it comes to managing our finances is inflation. Inflation is that silent killer that over long periods of time can have a very detrimental impact on our net worth. So much so, that we need to constantly be fighting against its…
Book Launch Press Release
A Fighting Chance: The High School Finance Education Everyone Deserves has launched on Amazon. This is the book you wish you were given in high school to set you up to succeed. This book makes a perfect gift to the teenagers in your life. Or, buy for yourself to brush up on your financial literacy.
Risk – What could go wrong
How much risk is in your portfolio? Do you understand what will happen to your net worth if different economic events occur? Read this article to find out how you can manage risk and protect yourself against unexpected downturns.
Challenging the goal of retiring with no mortgage
How many times have you heard advice to pay of your mortgage by the time you retire? That having a paid off house is setting you up for success in retirement? The argument would be that when you retire, your income reduces substantially such that paying a mortgage payment each month could impact your ability…
Creating a budget that works for you
Everyone knows that successful businesses always stick to their budgets. In an entrepreneurial setting, where a company has raised money through investors and banks, every dollar needs to be carefully deployed to resources that give the business additional value. Making frivolous decisions with investor money is a recipe for disaster and the CEO is accountable…
Components of Real Estate Income
Rental real estate is an asset class which only finds its way into peoples’ portfolios if they learn about it through their network. Traditional 401k / RRSP plans aren’t suitable for investing in real estate direct. There are of course indirect ways to invest in real estate in traditional investment accounts via Real Estate Investment…
Why I use my credit card for everything!
Let’s start with a clear statement on consumer spending. If you can’t pay off your credit card every month with income from your salary after you have already contributed to investments, you are spending too much. Spending too much means you will carry a consumer debt balance on your credit card which will be very…