Want to build billionaire habits? Here’s what Canada’s wealthiest are buying — and how you can invest like them
This year, the Forbes Billionaires List revealed a staggering 3,028 billionaires worldwide, their combined wealth surging by nearly US$2 trillion. Among them, over 60 are proud Canadians, hailing from diverse sectors like technology, media and retail. Names such as crypto pioneer Changpeng Zhao, media magnate Sherry Brydson, tech visionary David Cheriton, Shopify founder Tobi Lütke […]
Dave Ramsey ranted about 3 ‘illogical’ money mistakes Americans make that ‘baffle’ him — here’s how you can avoid these common financial errors
We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links. Across 32 years of giving people financial advice on the airwaves, Dave Ramsey has probably seen it all. But on an episode of "The Ramsey Show" earlier this year, […]
I’m 60, ready for retirement with $1.2M saved. I plan to live off dividend income — not sell assets. Is this really more risky than a ‘total return’ approach?
At 60, if you have $1.2 million saved for retirement, you have more than double as much as most of your peers, according to Statistics Canada. But even though that’s a lot of money, it’s important to manage your sizeable nest egg carefully. You could try to live off of dividend income from your portfolio, […]
I’m 65, have $120,000 saved, collect Social Security of $1,700/month — but monthly expenses total $3,900. How can I make sure money doesn’t run out without sacrificing lifestyle?
We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links. At age 65, a $120,000 nest egg isn’t going to produce as much income as you might hope. Assuming you follow the 4% rule, you’ll only be able to […]
‘It’s a little crazy’: Car loan defaults in the US hit an all-time high as consumers grapple with higher costs — here’s how to manage your auto loan responsibly
As of January, over 6% of auto loans were delinquent by 60 days or more, according to Fitch Ratings. With the recent trend of vehicle prices rising and car payments surging, the outbreak of delinquencies might have only been a matter of time. But this uptick offers an insight into the fact that many households […]
I have $2,700 in extra retirement income each month. Is it enough and what should I do with this money?
Before you retire, you want to make sure you have plenty of income to cover your spending needs. But, you may want to retire with more than the minimum amount necessary to fund your lifestyle. In fact, many people hope to leave work with more than the ability to cover the bare essentials. If you’re […]
Can you pay CRA taxes with a credit card in 2025? Fees, risks, and better options explained
If you owe the taxman money this year, paying on time is the best way to avoid penalties and interest. As Canada’s tax law administrator, the Canada Revenue Agency (CRA) makes it easy to pay your taxes in a number of different ways — including by swiping your credit card. If you’re thinking about using […]
‘It’s outrageous’: Colorado condo owners face $8,341 fee thanks damage from a hailstorm last year — here’s why HOAs can do that, and what your options are if the same happens to you
When a severe hailstorm hit the First Creek Farm condominium complex in Aurora, Colorado, residents of the building had no idea the bad weather could end up costing them thousands. Unfortunately, that’s exactly what has happened, as the storm did $4 million in damage to the condo. While there was insurance on the building, the […]
Ray Dalio warns Americans the current chaos is much bigger than tariffs — claims the era of US dominance is over and sees ‘big disruptive’ shifts ahead. 2 simple ways to protect yourself
We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links. A fresh wave of tariffs from President Donald Trump — despite a temporary pause on many — has unleashed chaos across global markets, reigniting trade tensions and rattling investors. […]
‘No going backwards’: As Donald Trump’s tariffs fuel rising U.S.-Canada tensions, dual citizen feels the ‘strain’ — how international relations can affect your wallet
As political tensions rise between the U.S. and Canada, partly fuelled by President Donald Trump’s tariff policies, some people are caught in the middle. Denise Amato, who currently lives in Tonawanda, New York, is a dual citizen of both countries. She says the current political climate has been challenging to navigate with her family and […]