Category Archives for "Finance"

How a 5% Increase per Year in Savings Can Double Your Money

Here is a video published by Canadian finance expert Preet Banerjee that discusses the impact simply increasing your annual contributions by 5% per year can have to your savings. Transcript How small increases to your savings can make a big difference to your nest egg. You’ve probably seen examples of how saving regularly can yield impressive results […]

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Saving for a Downpayment? Some Advice Along the Way!

If you are looking to purchase a property in the next while, you probably already know that you need at least 5% of the purchase price as a downpayment. Saving a bigger downpayment, let’s say 10%, certainly increases your chances of securing financing. While having a 20% downpayment allows you to avoid paying CMHC mortgage insurance […]

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2017, A Year of Possibility!

Over the last three years, Canadian financial blogger Sandi Martin from Spring Personal Finance has released a series of posts with her dreams for her clients in each 2015, 2016, and now 2017. It started with finding clarity, then taking ownership, and now the series is brought together by the idea of structure. Nothing to […]

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How To Save $1 Million For Retirement

Starting to save for retirement early is extremely beneficial in the long run, especially if you have the dream of retiring with $1 million as so many Canadians do. It’s not an easy feat, but for most Canadians, retiring with $1 million is a realistic goal. You most likely won’t be flying private or have […]

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1 Prime Rates? Not Apples to Apples Anymore.

Although the recent changes to mortgage qualification introduced by the government were intended to create stability in the Canadian housing market, the unintended consequences might have been to make the waters a little muddier. For the first time, it looks like Canadians weighing their mortgage options will have to be aware that not only do different lenders offer […]

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Don’t Get Squished: How To Survive The Sandwich Years

This article was written by Randy Cass of Nest Wealth and was originally published on January 15th, 2016. Your 40s and 50s bring a new, different kind of financial challenge. In your 20s and 30s, you probably struggled with the question of how to make enough money. You skimped on luxuries to pay college loans, save […]

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