Leverage: Think of it as using "other people's money" to make money more quickly. Probably another topic that is best explained with an example. Greg has $1,000 a year to invest for 10 years. …
What is a GIC?
GIC: Guaranteed Investment Certificate. In the US these are known as CD's (Certificate of Deposit). This is pretty much as safe as you can get when it comes to investing. You buy a GIC at an …
What is a "Line of Credit"?
A Line of Credit is basically like a credit card in that you apply to have the ability to borrow money whenever you want and have a set limit that you are authorized to use (let's use $10,000 as an …
Refinancing your home
I'm going to offer up an example in a following post, but this post is to deal with the psychological aspect of refinancing your home to consolidate debt. First, let's just make sure we're on the …
Your savings account choices could save you $100,000 over your working life!
Let's take a look at how a relatively simple decision can make such a huge impact. Many traditional banks charge monthly account fees. My personal account with my previous bank charged $11/month and …