Predictions for 2022
2022 is really uncertain. What will happen in financial markets next year? Here’s my take.
How to approach asset allocation and risk tolerance.
Figuring out how much of your net worth to invest in different assets is challenging. It is very personal. Take the time to figure out where your comfort level is and what makes sense based on your goals and your age.
How to get started growing your wealth
A common question from young investors is “how do I get started?”. Why the sooner the better, what account to use, what investments to invest in, how to make it easy and more within this blog post.
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…
Opportunity Cost and what could have been
Every decision we make comes with a cost. Not just the cost of the thing we acquire, but the cost of what could have been. Opportunity cost is the concept that there are alternatives to the decisions we make that have different outcomes. Being aware of opportunity cost is critical to sound decision making.
Time as your biggest financial ally
I really don’t think I can emphasize enough the value of time to a successful wealth creation process. Money multiplies over long periods of time, and it does so exponentially. In other words, the longer you have to leave your money invested, the faster its pace of growth will accelerate. How? Compounding returns They used…
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…
How to approach your first job
You’ve graduated from school, and it’s time to start looking for work. How you approach this important decision is critical to success in your career and therefore your finances. In this blog post, I want to run you through my first job, what I learned from it and how I leveraged it to grow in…