My wife and I could only afford to put 5% down on a new $400K home this year — now that we’ve come into cash, should we throw it all at our mortgage?
Imagine this hypothetical situation: Greg and Maya are in their early 30s and recently made a significant financial move: They bought a new $400,000 home, but only put down 5%. At the time, they hadn’t yet sold their previous home — a decision that left them with a $380,000 mortgage at a steep 7.5% interest […]
5 of the best low-risk investments for Canadians that protect your cash — and earn you more in 2025
One of the keys to building wealth is understanding the relationship between risk and reward. Canadians are always on the lookout for low-risk investments, but you must understand that free lunches do not exist. A risk-free investment (like a GIC) has a lower expected return than a high-risk investment (like an individual stock). As an […]
Rising costs push 3 in 4 Canadians to skip restaurants and rethink eating out as a luxury
Canadian restaurants are facing a perfect storm in 2025. Rising operational costs and shifting consumer habits are squeezing margins, while families are reconsidering dining out — often cutting it from their budget and considering it a discretionary expense. A recent report from Restaurants Canada shows three in four Canadians are eating out less due to […]
Trump says Americans will get $2,000 each from tariffs, but experts warn ‘dividends’ might cost households more than they pay
President Donald Trump is again promising to put cash in Americans’ pockets. This time through what he calls a “tariff dividend” of at least $2,000 per person. In a Truth Social post on Sunday, Trump claimed that because of his administration’s sweeping tariffs on foreign goods, “a dividend of at least $2,000 a person (not […]
Whoopi Goldberg says she relates to Americans ‘having a hard time’ — admits she’d leave ‘The View’ if she had ‘all the money in the world’
This article adheres to strict editorial standards. Some or all links may be monetized. Whoopi Goldberg has been co-hosting ABC’s “The View” since 2007, making her the longest serving member on the successful daytime show’s panel. However, the celebrated actor and comedian with EGOT status has admitted on the show that her tenure would have […]
Melinda French Gates refuses to fund her daughter’s shopping business — despite a $29 billion net worth. How do Canadian businesses find financing?
With an estimated net worth of US$29.3 billion (1), Melinda French Gates can easily bankroll her daughter’s business without breaking a sweat. But at a recent summit, the billionaire philanthropist confirmed she’s not funding the new venture. Gates didn’t say which of her two daughters she was referring to, but 22-year-old Phoebe Gates recently launched […]
Almost half of Americans ‘aren’t ready to retire’, a study reveals — why making a plan for income in retirement is crucial for your golden years
This article adheres to strict editorial standards. Some or all links may be monetized. Without a well-defined plan for spending in retirement, Americans could be facing unexpected and unnecessary stress. Allianz Life Insurance’s study reveals that only 44 % of Americans have a retirement income plan. Must Read Thanks to Jeff Bezos, you can now […]
Rhode Island sheriff told he can’t access the money in his retirement account under any circumstances — why quitting may be his only option
Jason Allaire, a captain with the Rhode Island Division of Sheriffs, is sounding the alarm on a much-scrutinized retirement plan managed by TIAA Financial Services after he found that the 401(a) plan, which had been sold to him and his colleagues as being nearly identical to a 401(k) plan, came with some caveats. Allaire has […]
I was reckless and saved practically nothing for retirement. Now I’m 60 and laid off with no real plan except Social Security — how can I survive?
Still feeling broke at 60? You’re not alone What do you do when your 60th birthday rolls around and you haven’t saved much, if anything, for retirement? Image Ryan, a single man from Little Rock, Ark., who found himself in this situation shortly after he lost his job during a company restructuring. He was looking […]
Famous fund manager sounds alarm over big bubble in major US sector — why your nest egg could be in ‘fragile state’ right now (and how to protect it)
This article adheres to strict editorial standards. Some or all links may be monetized. Is the AI market about to crash? Recent reports have led some to speculate that the AI bubble is about to go the way of the dot-com bubble circa March 2000 and burst. Must Read Thanks to Jeff Bezos, you can […]