Personal Finance

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Bitcoin, Marijuana or Warren Buffet Style?

I recently received some inquiries regarding Bitcoin and Marijuana investments. Since many people are attraced by the related headlines, I did some research. Below are some interesting pieces for your reference.  Pain continues for cryptocurrency investors BITCOIN MANIA! – Dave Ramsey Rant 6 reasons an investment in the pot industry will likely go…

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Tips to Fulfill Your New Year’s Financial Resolution

I did not write this post about New Year’s resolution until now on purpose. Some studies suggest most people would give up their New Year’s goal by now. We all have a list of things that we “should” do, we “should” lose some weight, we “should” do more exercise, we “should” spend more quality time…

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10 Tips for Canadians to Avoid Overspending During the Holiday

Christmas holiday is filled with joy and peace. It should be the moment where families and friends get together. However, rather than just spending quality time together, many Canadians often overspend their savings during the holiday season. According to an article from Global News in 2015, 58% of young Canadians between age 18 to 24…

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2016 Year-End Financial Strategies For Canadians

As we are approaching the end of 2016, most of us are probably focused on Christmas shopping, holiday parties and New Year’s festivities. However, this is still time to implement any final financial strategies that could help put more tax dollars back in your pocket. Here is a list of financial strategies that we obtained from the…

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Financial Products Should Not Be Forced To Be Tied Up Together

Many long-term readers probably know by now, I’m licensed in Ontario to assist my clients on multiple aspects of their finances, this includes to plan for their investments, mortgage and insurance coverage. Having broad spectrum of knowledge allows me to understand a lot more about the ins and outs of the financial industry. From time…

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KISS Your New Year’s Resolution

Happy New Year and Welcome to 2016! I always love this time of the year. Everything starts fresh, and I’m setting my goals for the year. Last year was a tremendous year for me, I obtained my mortgage license and was able to help out many of my existing clients. I learned a lot more…

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Tax Return For RDSP

10 Ideas To Put Your Tax Refunds Into Good Use in 2017

1) Build Up Emergency Savings We could anticipate regular expenses (i.e.: mortgage, car lease, groceries), but there are many others that could arise unexpectedly (i.e.: Car is broken down, furnace of the house suddenly not working).  There are also unexpected events which could stop you from generating income. For example, sickness, injury or simply got…

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10 Questions That Lead To Financial Success

1) What is your financial goal? Sample Answer: Accumulate savings so there will be enough lifetime income to retire 2) Why is it important for you to achieve this financial goal? Sample Answer: Achieving financial freedom so I could have more resources for my family and more time to do what I have always envisioned doing. 3)…

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What It Cost To Procrastinate In Making Financial Decision?

Yesterday, I did a financial workshop for the YMCA Business Center. One key idea that I emphasize is not about any of the financial strategies, rather is the human psychology when it comes to making financial decision. Although, I’m not a  psychologist, I do find that there is one particular problem which are very common…

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How To Build An Investment Portfolio That Aligns With Your Goals?

We’ve been talking about the importance to build a diversified portfolio for quite some time, but how do you determine what kind of investments should be included? and what’s the weighting of each asset class? To find out, there are many factors needed to be considered. For example, your investment duration, risk tolerance, the stability…

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