My mom is 50 years old and only has $15,000 saved for retirement. How can I get her on the right track?
As you get older, it’s important to have more retirement money saved so you can start preparing for the day when you leave the workforce. Canadians believe they need $1.54 million saved to retire comfortably, according to a study by Bank of Montreal. However, over three quarters of Canadians surveyed are worried they will not […]
Robert Herjavec revealed where he’d invest his last $1M. Here’s how Canadians can “build a foundation” of stable income
This article adheres to strict editorial standards. Some or all links may be monetized. Shark Tank star Robert Herjavec is doing pretty well for himself — with a net worth estimated at more than US$300 million (1). But during a live conversation, financial influencer Grant Cardone hit him with a provocative question. “If you were […]
NYC grandma, 86, loses entire life savings of $700K in twisted scam — now she’s suing Bank of America, Merrill Lynch for negligence. Who’s at fault?
The fraud started in August 2023 as fear dressed up as urgency. Pop-up warnings began flashing across 86-year-old Nina Mortellito’s computer screen, claiming her bank accounts had been hacked. What followed was a months-long tale of manipulation that ultimately drained her of $700,000 — her entire life savings. According to a lawsuit filed against Merrill […]
Warren Buffett’s 4 financial rules for building lasting wealth — and how to apply them to your life
This article adheres to strict editorial standards. Some or all links may be monetized. He started out with $9,800 in savings after college. He’s now worth a staggering $150.2 billion, making him the 10th richest person in the world. That’s Warren Buffett. His secret? Not luck or risky bets, but a consistent, long-term approach built […]
Ramit Sethi says you should hit these 9 ‘money milestones’ before 40 if you want to be rich — how many have you crossed off the list?
This article adheres to strict editorial standards. Some or all links may be monetized. Money mastery isn’t always taught in school. In fact, a >survey by Intuit found that 73% of Canadian high school students wish they understood more about personal finance but don’t know where to start (1). But Ramit Sethi’s goal in life […]
Beware this new ‘high-pressure’ Social Security scam targeting US seniors — here’s what you need to know to protect yourself
We’re always warned to keep our Social Security number secret, but what if you were told it wasn’t? The Office of the Inspector General (OIG) for the Social Security Administration is warning seniors about a new scam that uses fake U.S. Supreme Court letterhead and forged signatures from Chief Justice John Roberts and Justice Sonia […]
Texas mom, 22, declares her $91K bankruptcy is ‘not as bad as it’s made out to be’ in viral TikTok. Here are the true consequences of filing
When a 22-year-old mother living in a camper in Texas posted a video about her decision to declare bankruptcy, she likely knew people would have feelings about it. But with over 4.7 million views and thousands of comments, everyone seems to have an opinion on her choice (1). In her video, Gracey Wilkerson, who goes […]
Warren Buffett was once asked if college in America is still worth it. How you can make investing in your kid’s education a little easier
This article adheres to strict editorial standards. Some or all links may be monetized. The question of whether a college education makes sense in this day and age isn’t an easy one to answer. Indeed, when investing giants like Warren Buffet have difficulty answering the question of whether a university degree will pay off over […]
I’m 35 years old with just $15,000 in my 401(k) — how do I turn up the dial and get my savings on track so I can actually retire one day?
Saving for retirement is critical, but it’s not something the majority of Americans are doing well. Vanguard just released its annual survey on retirement savings and found that 58% of Americans are not on track to retire comfortably. (1) Must Read Real Estate: Thanks to Jeff Bezos, you can now become a landlord for as […]
Locked out of opportunity: 59% of new Canadians say credit barriers are holding back their future
According to a new TD Bank survey, 59% of new Canadians who have applied for credit believe they would have a better living experience if they had improved access, and 79% say it’s difficult to build credit history in Canada (1). The poll focused on people who have arrived within the past five years, a […]