Archive for January 2022
Indexed Family Education Fund (RESP) Portfolio Update – 2022 Edition
Welcome to the annual Registered Education Saving Plan (RESP) update where I show transparency on our indexed investment strategy to help pay for our children’s future education costs. Since we’ve been posting about these accounts since my kids were born (my oldest was born in 2008), it shows the power of long-term compounding of a…
Read MoreThe RESP Strategy
An RESP, or Registered Education Savings Plan, is a tax-deferred investment account designed to help pay for a child’s education. RESPs are eligible for government grants (re: Free Money) of up to $7,200 and are a great way to help minimize a young adult’s student loan debt. In this post, we’ll fill you in on…
Read MoreHow to Earn Passive Income in Canada 2024
Whether you are a beginner or a long-time passive income earner, we have some great passive income ideas for you in 2024. The good news is there are a variety of ways to earn passive income, and we’ll be explaining how to generate passive income with little money to start. The pandemic has jump started…
Read MoreVanguard Canada Index ETFs vs Mutual Funds
When Vanguard Canada first approached me about doing an interview in regards to their two new mutual fund products, I have to admit that my response was: “Wait, Vanguard still has mutual funds? They’re introducing new ones? Are we sure that’s a good idea?” What followed was an interesting back and forth email interview with…
Read MoreBook Review – Balance: How to Invest and Spend for Happiness, Health, and Wealth
Huh… this guy really gets it – I remember thinking to myself when I picked up Andrew Hallam’s first book Millionaire Teacher back around 2011. I mean, it was never going to be a hard sell. There’s preaching to the choir… …and then there’s one money-nerd personal finance teacher preaching to another money-nerd personal finance…
Read MoreStudioTax Review 2024
StudioTax is certified tax preparation software for Canadian personal income tax returns. It is provided by BHOK IT Consulting and is now also available for Quebec residents. I have been a user for the last few years and have not found a reason to change or try a free or paid tool. StudioTax suits my…
Read MoreHow To Track Your Net Worth
This post was originally published in early 2009, but brought to the forefront as I believe it’s one of the more important strategies for growing wealth. For those of you who have been following my journey, you’ve probably noticed that I’m a big believer in tracking and managing progress to help achieve desired goals. I…
Read MoreTop Premium Cash Back Credit Cards in Canada 2024
A premium cashback credit card with an annual fee is a great way to maximize your cashback rewards – especially if you make most of your purchases on credit cards. The best paid cashback credit cards in Canada feature high earn rates and some truly excellent perks – significantly better than Canada’s best no-fee credit…
Read MoreVolatility Index – Trade The VIX And VXX
On this article we’ll be looking at how and when to invest in VIX and VXX, aka: the Volatility Index. We’ll tackle how to buy and sell VIX and VXX, whether it deserves a spot in your portfolio, and what exactly the VIX and VXX even are! While investing in the VIX or VAX is more…
Read MoreHow Do I Maximize RESP Withdrawals?
With my oldest child turning 11 this year, my mindset and strategy for our family RESP is starting to shift from accumulation and growth to a more balanced portfolio. This has many similarities to retirement planning but on a smaller scale. In your younger years, there is a focus on growth, but as retirement approaches,…
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