It used to be if someone said you had your head in the clouds they meant that you were dreaming. Today, however, it’s a totally different story. Why should you move you business accounting to the cloud (i.e. the internet). There are several good reasons. Flexibility to invoice and receive payments anywhere, anytime. Record expenses…
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I recently became a grandfather again (for the 10th time) and I thought it appropriate to talk about how you can have your children earning money towards their post-secondary education right from birth. All you have to do is open a Registered Education Savings Plan (RESP) for your child as soon as you register the…
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One of the biggest challenges to planning your financial future is predicting how long you will live. Let’s face it, if you knew you only had a year or two left you would do things very different than if you were sure you would live for another 50+ years. So how do you decide how…
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Being a good steward of your financial resources first requires that you accept the fact that you can’t take it with you. Your financial resources are entrusted to you to do good in the world. That means first looking after your immediate needs and those of your family. Everyone’s definition of their needs is different…
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If you are self-employed you probably went into business for yourself for one of two reasons. Either you were passionate about your chosen field and wanted to be in control of your own destiny or you couldn’t find work with an established company so you decided to go out on your own. In either case,…
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With all the talk these days about the CPP being improved to provide greater benefits, many are wondering whether they should postpone taking their CPP until age 70 rather than the usual age 65. As usual, the answer is not clear and depends largely on your unique financial situation. Since delaying taking your CPP until…
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When you hear financial advisers talk about providing you with a financial plan it usually sounds something like this. ” In order to meet your goal of being able to live on $xx,xxx per year when you retire you’re going to need to save $xxx per month based on your investment profile.” Well folks I…
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Most of the financial decisions we make regardless of our level of financial knowledge are based not so much on logic but on our habits and attitudes (or habitudes as one author phrases it) towards money. So it’s important that before we talk about finances we find out what our financial temperament really is. There…
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