Archive : Financial Education

One of my favorite personal finance bloggers, YoungAndThrifty, wrote a post titled “Take Advantage of Your Extended Health Benefits“.  In this post, she talks about using group extended health benefits, and questions why many people don’t use their benefits.  This is an very good question! Why [...]

“Compound interest is the most powerful force in the universe” – Albert Einstein While some may argue that this is a bit of an overstatement, there is no doubt that compound interest is a powerful force in determining your long-term wealth… or lack thereof. In my last blog post, “Double [...]

Do you know how long it will take for your money to double? Figuring this out is easier than you think! No super-computer, NASA rocket scientist, or even a calculator is required! All you need is the Rule of 72. The Rule of 72 is an equation discovered by Albert Einstein, but so easy a 3rd grader can do it. (Yes, [...]

You may have heard the phrases “Make your money work for you” and “Work smarter, not harder”. If you’re like the average hard-working Canadian, you probably work FOR your money, not the other way around, and bust your butt doing it. So how do we begin changing this around? We need to [...]

Are you in the know? Depending on your age, you know what someone means when they say CCR, NKOTB, BSB, or OMG. But do you know financial acronyms, like RRSP or the more recently-minted TFSA? Like most young people, I knew what the “cool” acronyms meant, but had no idea about financial ones. What I did [...]

“They should teach this in school. My whole life would have been different if I’d known this before.” How many of us have mirrored this sentiment at some time in our financial lives? I know I have. Like Harriet, who was working overtime and seeing a bleak financial future, I paused and thought to [...]