This Eastern Ontario woman got scammed out of $20,000 after falling victim to fraudsters claiming to work for Scotiabank — here’s how the scheme works and how to protect yourself ASAP
In 2022, Canadians reported losses exceeding $6.7 million due to ‘bank investigator’ frauds, highlighting the growing sophistication of such scams, according to the Canadian Anti-Fraud Centre annual report. The Anti-Fraud Centre lists it in its Top 10 of frauds in the country. In 2022, there were 4,255 reports filed. The average dollar loss per victim […]
Canadian snowbird retirees are being forced to sell their Florida homes amid skyrocketing insurance costs, plunging loonie — is this temporary or long-term exodus from the Sunshine State?
For years, Ontario retiree Cesidia Cedrone and her husband escaped Canada’s brutal winters by retreating to their cozy Florida condo. But this year, instead of packing their bags for the sunshine, they packed up their belongings in Florida — for good. “Things changed so drastically. The Canadian dollar is not at par with the US […]
I’m 39 years old, my mom passed 7 years ago, and I live with my elderly dad in our family home — but now my broke sister wants to force a sale so she can get some cash. What are my options?
Family inheritances can lead to complex emotions, especially when it comes to real estate. This is a common situation many Canadians face. In this case, a reader finds herself torn between caring for her elderly father and dealing with her sister, who wants to force the sale of their family home to access her share […]
A 50-year-old Seattle woman found out she owns $18M in a single stock, but has ‘no idea’ what to do with it — this is why Dave Ramsey instructed her to seek ‘safety’ for her savings ASAP
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. Imagine checking a long-forgotten account and discovering it’s worth multiple millions of dollars. That’s what happened to Sarah, a 50-year-old mom from Seattle, recently. Sarah, who says she’s been […]
Tips from the late Charlie Munger on how to safeguard your financial future with alternative investments
Even though inflation may be cooling and interest rates dropping, many people are still trying to cope with the impact of higher living costs and how to adequately budget for everyday expenses, let alone long-term or retirement savings. It’s at these times, many investors — beginners and experienced veterans of the equities market — will […]
I’m 65, tired of working and have very little savings — is it possible to live off CPP alone? Yes, but you’ll need to make these 3 big sacrifices
If you plan on retiring and rely primarily on the Canada Pension Plan (CPP) you may have heard you will end up being perpetually cash-strapped. So, does that mean you should stay at your job? Learn to survive on noodles? Or work more to build up savings? To help you decide, you first need to […]
Putting off “the uncomfortable talk” — Many Canadians are avoiding discussing their final years
According to the recent Scotiatrust: Wills and Estate Planning Survey, 41% of Canadians don’t have a power of attorney document that names someone to manage their finances or other assets if they become incapacitated. What’s more, 47% lack a power of attorney regarding their personal and medical care. "As we continue to live longer, and […]
‘Get rid of it’: Kevin O’Leary backs Trump on eliminating the US penny — calls it ‘stupid’ unless you’re ‘putting them in your loafers.’ Here’s 1 shiny alternative if you really love mint
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. The U.S. penny has been in circulation for more than two centuries, but its time may soon be up after President Donald Trump directed the Treasury Department to halt […]
‘He’s a coward investor’: Grant Cardone says Warren Buffett’s big investments have 1 crucial trait in common — it makes money ‘while you sleep’ so you don’t have to ‘work until you die’
Real estate mogul Grant Cardone isn’t known for holding back, even when sharing his views on investing legends like Warren Buffett. “Warren Buffet does not buy stocks,” Cardone declared in a YouTube video. It’s a bold claim, considering Buffett is one of the most successful stock market investors of all time. But Cardone quickly clarified […]
‘Hard to swallow’: Robert Kiyosaki cringes as he pays $14 for an egg salad sandwich, warns of ‘everything bubble’ and ‘major stock market crash’ — here’s what he likes for protection
While inflation may have slowed as of late, that doesn’t mean prices have dropped — they’re just not climbing as quickly as they were in 2022. Prices remain so high that even Robert Kiyosaki, author of Rich Dad, Poor Dad, is feeling the squeeze. “I just purchased an egg salad sandwich for my dinner in […]