Owning A Home Vs. Renting

Since I left high school to pursue undergraduate studies, I can’t remember exactly how many times I moved from one place to another. If my memory is correct, it’s about 18 times or it could be more. Of the 18 times that I moved, 3 times we bought our own…

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RRSP vs. TFSA: Which one is ideal for me?

Registered Retirement Savings Plan (RRSP)  and Tax Free Savings Account (TFSA) are both registered accounts available to all Canadians. What’s the difference between RRSP and TFSA? RRSP has no minimum age. As long as a Canadian, has employment income and files a tax return. This contrast with TFSA which requires…

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What are blue chip companies?

Blue chips companies are generally the market leaders or top performer in their particular sectors. They normally represent the major market indexes in each country. If you have read my post on stock fundamentals you get some idea of what type of companies, I will invest in. It’s not sufficient…

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Give Yourself A Pay Raise

A greater number of working population, the desire how to make more money and getting a pay raise is one of an employee goals and aspirations. This means you have to prove to your employer that you can be an exemplary worker able provide results, able to create and sell…

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Do Not Rely On Your Pensions

Pension is a deferred compensation for employees who worked in government or private companies. You will receive monetary funds depending on the number of years you have been working. Some received it as early as 50, 55 or 60 years old and perhaps could even be earlier in some pensioners….

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My Personal Top Three No Fee Checking Accounts

  If you held an account with one of the five big banks in Canada it’s more likely that you have to maintain a certain amount from $1,000 to $5,000 to avoid the monthly fee. In an event that your balance dips down even just for a few dollars, as…

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My Dividend Stock Investment Fundamentals

Every investor has developed their own way of picking and selecting individual stocks. I will share my own fundamentals and criteria of stock investing. If you feel that some terms are not familiar and quite new I would suggest pick yourself a book of investing in the library or buy…

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How to make money using credit cards?

I used to think that credit cards are sources of financial disease and will drown you in debt if you are not savvy.  That was very true at the beginning when unknowingly I accepted and applied every card the banks offered me. I only pay the minimum balance each month…

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My Investing Journey

  When I started learning how to invest, I haven’t read any books and internet was my only resource. Equally important, I visit personal finance websites and joined their forums and actively posting questions and taught myself along the way. Notably, Couch Potato strategy was the model that was easiest…

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Debit Cards vs. Credit Cards

DEBIT CARDS Advantages: 1. You can easily take out from any ATM depending on your daily limit. You don’t have to bring cash or a checkbook around. 2. Use your debit card to purchase anything using the chip-enabled card terminal if you have enough funds. 3. On many grocery outlets…

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