As a small investor with less than a couple of million dollars in the market, you should not be losing money. There’s no reason for people to lose money yet time and time again, I see exactly that. Investors have every tool to make good investment decisions, but they still buy a stock when it’s…
Every day, people look for options for how to get out of debt. I started this get out of debt series with my personal story a few weeks ago, and today we will discuss options anyone can do when looking to get out of debt. It isn’t complicated, but they will definitely help you get…
In some ways, publicly traded companies are not that much different from individuals. They must generate income and a positive cash flow in order to operate just like you and I need a cash flow to survive and pay our bills. Not unlike individuals, a company can also file for bankruptcy if its obligations become…
I don’t think people intentionally take on debts they can’t afford. People borrow with the best intentions but sometimes find themselves in a debt cycle of borrowing more than they can pay back. The debt cycle starts innocently but can quickly spiral out of control. My Debt Cycle Story My debt cycle started with my…
Money anxiety is something that can affect anyone and can show itself in many different forms. The stresses of budgeting, debt, paying for a child’s post secondary or reaching financial goals can all cause money anxiety. How to Avoid Money Anxiety: Address the Stress The first step to decreasing or avoiding your money anxiety is…
I find, especially in the personal finance niche, to be surrounded by negative connotations about money. I know I’m bad for usually focusing on monetary negatives. When you’re as in debt as I am, it’s hard to see the calm while your within the storm so-to-speak. The world is full of stories about people who…
“My friend told me about this mining stock that will spike from $0.001 to $5 over the next 6 months.” WOW, this is a great investment right?…wrong. Almost everyday someone calls me to talk about some hot penny stock that they know is going to take off. They got this “tip” from some co-worker that…
In a perfect world, we enter our years of retirement debt free and ready to enjoy all the fruits of our many years of hard labour. Unfortunately this isn’t always the case. According to a study collected by Statistics Canada, one in three retirees have debt. Though this was a Canadian study, it is probably safe to…
Debt consolidation is topic I know a lot about. My husband and I are currently enrolled in a debt management program, just one of many debt consolidation options. When we first started seeking out different options our emotions ranged from being overwhelmed, angry and finally, relieved. If you don’t do your homework on different debt…
You’re credit score is one of the most important aspects of your financial well-being. Though there are ways other than credit cards to build, repair or maintain your credit score, nothing is as easy as swiping your credit card. A Closer Look at Credit Score Your credit score is a mathematical calculation used by lenders to assess your…