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Investing in the stock market can be rewarding, but it's important to understand the risks involved. This post will guide you through buying your first stock on U.S. and Canadian exchanges while highlighting potential risks. The principles discussed can be applied to other stock markets as well. What Organization to invest in?Choosing your first stock … Continue reading 3 simple steps on how to invest in the Stocks Today!
As a first-time investor, you wonder when the best time is to start investing and maximize your returns. Investing involves buying various assets and holding them to earn interest or profit from their growth. Starting early is a good strategy because it allows your investments to compound over time. So, the second-best time to start … Continue reading When is the Perfect Time to Invest? You Might Be Surprised by the Answer!
The most crucial part of your financial journey is understanding that reaching your financial goal takes time and requires periodic investing, where the magic happens. This brings us to the concept of the time value of money, a significant tool to add to your financial toolkit. It can help you stay motivated by seeing the … Continue reading The secret to financial freedom and boosting your finances is to understand the time value of money
The world economy continues to navigate rising inflation after the 2019 pandemic. In response, the state’s monetary policy adjusts interest rates to control the prices of goods and services by decreasing or increasing rates as needed. Recently the “Bank of Canada reduced the policy rate by 25 basis points to 4.25%”. What does this mean … Continue reading How Interest Rate Fluctuations Impact Your Finances and How to Stay Ahead
The US News report ranks Canada in 2023 as one of the top three countries in the world for quality of life. Additionally, the City of Toronto is ranked globally as the 92nd most expensive city to live in, according to Mercer’s 2024 Global City Cost of Living report. This analysis is tailored for newcomers, … Continue reading Surprising Truth: How Much Income Does an Average Canadian Worker Actually Keep?”
Proven Tips to Pay off Debt and Stay Debt-freeThe cost of living in Canada has skyrocketed post-pandemic, negatively affecting young Canadians who are relying on their credit cards to augment daily expenses and gradually falling into perpetual debt. Recent data from Equifax shows that the average credit card balance owed by young Canadians has increased … Continue reading Soaring Debt crisis: The rise of credit card debts among young Canadians
A life-changing trip begins with planning, preparation, anticipation, anxiety, and sometimes fear. Not knowing what lies on the other side could easily overwhelm one with all these moving parts. This guide covers three stages of essential things to do before travelling: before, during, and after arrival in Canada. These three stages will be covered over … Continue reading Part 3: Things to know before coming to Canada
A life-changing trip begins with planning, preparation, anticipation, anxiety, and sometimes fear. Not knowing what lies on the other side could easily overwhelm one with all these moving parts. This guide covers three stages of essential things to do before travelling: before, during, and after arrival in Canada. These three stages will be covered over … Continue reading Part 2: Things to know before coming to Canada
A life-changing trip begins with planning, preparation, anticipation, anxiety, and sometimes fear. Not knowing what lies on the other side could easily overwhelm one with all these moving parts. This guide covers three stages of essential things to do before travelling: before, during, and after arrival in Canada. These three stages will be covered over … Continue reading Part 1: Things to know before coming to Canada
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