by Tao | Feb 18, 2015 | Finance
So, as you might know, we live in Canada in the Great White North. That means purchasing a house is actually quite a reasonable and financially prudent option. You see, the cost of renting here is very, very high – we are talking between $1,100 – $1,500...
by Tao | Feb 18, 2014 | Finance
Let’s talk about the Canada Pension Plan or the CPP. What is it? It’s a government backed retirement plan that provides funds after 65 (or 60 at a lower rate) if you have worked in Canada. The amount you get is dependent on the amount you contributed...
by Tao | Feb 15, 2014 | Finance
It’s strange, the question of an emergency fund rises up a lot. If you don’t know what an Emergency Fund is, it’s a pool of cash you set aside for emergencies. Most financial advisors recommend between $1,000 to $5,000. The reasons for an emergency...
by Tao | Oct 22, 2013 | Finance
So, saw a post going around about raising the welfare rate in BC from $610. What a lot of people don’t read and they don’t list in the petition is that they want to raise the rate from $610 to $1,300 (found on the website for the ‘Raise the...
by Tao | Oct 14, 2013 | Finance
10% sounds like a huge return. It is. In fact, it’s higher than most mutual funds will be able to provide, higher even than most hedge funds. However, it is possible to do so, I have for nearly 8 years now. Yes – even through the huge market crash in...
by Tao | Sep 20, 2013 | Finance
So, I want to discuss something that is dear to me. Compound interest and retiring. Did you know that if you can get a 10% return on your investments, your initial investment will double every 7 years? Or flip it around, if you get 7% interest; your money doubles...
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