Uncategorized

Here’s one of the many lessons we should be taught in school but aren’t… If you want to get rich, you’ve got to break the law – Parkinson’s Law! Fifty years ago, British writer C. Northcole Parkinson stated that most people retire poor because no matter how much they earn, they spend the entire amount […]

Before you consider refinancing your existing mortgage, it’s important for you to determine the break-even point, which represents how soon the cost of the refinance will be recaptured through lower monthly payments. The answer to this question depends on multiple factors. These factors include your current interest rate, the new potential rate, closing costs and

As you may know, Equifax and TransUnion are the two main credit reporting agencies in Canada. They collect all the data on your loans, lines of credit and credit cards to create your credit report and calculate your credit score. This information is then used by lenders — including mortgage lenders to determine whether you’re

According to MoneySense magazine, experts forecast thtat the cost of a four-year university education in Canada, including tuition and accommodation, will run upwards of $130,000 by the time today’s toddlers graduate from high school. But if you start planning while your kids are young, the costs can still be aggordable. Plus, you’ll save them from

Have you ever wondered what your credit score is and how it’s calculated? Here’s the skinny… Your credit score is a three-digit number that lenders use to predict your creditworthiness. Credit reporting companies calculate your score based on your payment history, how much you owe, how long you’ve had credit, and how often you apply

If money’s a bit tight right now, here are six tips for empowering yourself to create a breakthrough… Tip #1: Take responsibility for results. As Winston Churchill said, “The price of greatness is responsibility.” While external forces may have made things worse, face the fact that the solution is now in your hands. Tip #2:

If you’re thinking of selling your home any time soon, here’s a little secret to help you sell it FASTER and for top dollar… “Staging” is the latest buzzword in real estate, but it simply means to present your home in its best and most appealing light. If you are preparing your home to sell,

Contrary to popular opinion, a recession is actually the BEST time to invest in revenue properties. Why? Regardless of market conditions people always need a place to live, and with today’s lower prices, you’ve got the perfect money-making opportunity! The first thing to keep in mind is that real estate in a recession is a

If this doesn’t apply to you, perhaps you know someone 55 or older who might find it helpful… A reverse mortgage lets you turn your home’s equity into cash without having to move or make monthly payments. It’s designed for homeowners 55 and over who want to “spend down” their home equity. If you or

Lower savings rates due to rising home values It’s no secret that more and more Canadians are retiring house rich and cash poor. This is perhaps due to the fact that many of us have followed the traditional approach of paying off our mortgages before beginning to save for retirement. And in the face of