My third year running an Airbnb
Have you ever wondered about renting out a bedroom and bathroom of your house for short term rentals? That’s what I did in 2022. My platform of choice is Airbnb, learn how I became a super host and house hacked my way to living close to mortgage free. Check out my 2024 Year in Review
2024 Portfolio In Review
Financial Transparency = Financial Literacy. Why are we so afraid about talking about our financial success and failures? Take a look at how 2024 has treated my portfolio so far.
Riding the Roller Coaster: Managing Unpredictable Income in Private Practice
Struggling with unpredictable income in private practice? Discover actionable budgeting tips, strategies for building financial stability, and the importance of Return on Time (ROT). Learn how to handle income fluctuations, create a safety net, and make informed financial decisions.
Leasing vs. Owning a Vehicle for Healthcare Professionals
Whether you’re commuting between clinics or driving to patient homes, your car is an essential tool. For healthcare professionals, the decision to lease or own has unique considerations.
How a Strong U.S. Dollar Impacts Your Portfolio
When the U.S. dollar strengthens against other currencies, its effects reach portfolios across the globe. For Canadians, this could mean changes in the value of U.S. stocks within a portfolio, while American investors may see impacts on global purchasing power and the performance of multinational companies.
Reevaluating Debt Repayment Strategies Amid Interest Rate Changes
Interest rates are still significantly higher than in recent years, which impacts how we should be thinking about debt repayment. For many, especially health professionals juggling both personal and business debt, this high-interest climate demands a serious rethink on how we approach debt.
Preparing for a Possible Economic Recession: A Guide to Financial Resilience
As economic indicators begin to suggest the possibility of a looming recession, it’s more important than ever to prepare your finances for potential turbulence ahead. While the stock market hits all-time highs, Bitcoin soars, and the Federal Reserve cuts rates, there’s a widespread feeling of optimism in the air.
Inflation-Proofing Your Finances: A Healthcare Professional’s Guide
The rising cost of goods and services impacts everyone, but for healthcare professionals—whether employed or self-employed—it presents unique challenges. Inflation erodes the purchasing power of your money, making it essential to implement strategies that not only protect but also grow your finances in this volatile environment
Timing vs Time In the Market
There are always those people who profess that they can time the market. I’m definitely not one of those people. Instead I use a tried and true approach backed with evidence to shape my investing decisions.
How Inflation is Eroding Your Wealth
Your savings account pays you 0.5% but the inflation rate is 5%, so your real rate of return is -4.5%, and you're wondering why you can't get ahead?
We are drowning in Debt. Which generation carries the most?
Do you know which Canadian age group carries the most amount of debt? Or, could you tell me if mortgage debt tends to increase or decrease with age? How about this, true or false, credit card debt increases for Canadians as they age?
I broke down a recent article that takes a deep dive into Canadians’ financial situation. More specifically the article investigates how much and what kind of debt we carry, what age cohorts carry the most debt, and what kind of debt to expect to carry as we age.
The Rules to Life
Over the first five months, I have come across several “rules to life” They are from several individuals; experts in their respective fields. Each with their own view on how to live a meaningful and impactful life.
Through that search, I have compiled several ‘rules’ to live a good life, which I will outline (and provide resources) for you to explore on your own.
Why the BANK said NO
You applied for your first mortgage and you got denied. Are you sure you put the best application forward? Find out three mistakes you may be making that are reducing your ability to get an approval.
Unlocking Your First Home: Tips to Get the Bank to Say YES
Don’t make buying your first home more stressful than it actually is. Get yourself organized and prepared for securing your first mortgage. Find out what documents most lenders are looking for as they review your application to see if you’re a suitable candidate for a mortgage
What is Bitcoin and why you should learn about it!
The Bitcoin conversation has infiltrated some facet of our lives, whether it be through mainstream business news channels, social media, or even our holiday gatherings, the talk of Bitcoin is becoming more common. Although occurring more often in our lives, I believe it is something that is poorly understood and susceptible to unfair discrimination due to inadequate surface-level knowledge.
ETFs Explained: A Guide for Healthcare Professionals
ETFs are investment funds that trade on stock exchanges, similar to individual stocks. They hold a collection of assets such as stocks, bonds, or commodities, and aim to track the performance of a specific index or sector. The key feature of ETFs is that they combine the diversification of mutual funds with the tradability of stocks.
How I plan to retire at age 40
Retirement is a word with many meanings but few agreed upon definitions. For some, it means, absolutely doing nothing, sitting back, sipping mojitos on the beach while watching the world pass by. Truly relaxing. For others, it is taking a step back from a full-time career and spending more time with the family, while pursuing a hobby or an interest that was put on pause for several decades. For me, it is having the CHOICE between WANTING to work vs NEEDING to work.
5 Insurance Must-Haves for Health Professionals
As healthcare professionals, we understand the importance of thorough planning and assessment in our work. Just as we diagnose and treat our patients, we must also diagnose and protect our financial health. In this article, we'll explore how health insurance, life insurance, disability insurance, auto insurance, and homeowners/renters insurance can benefit us, using real-life examples from both Canada and the US to illustrate the importance of each type of coverage.
My Biggest Financial Mistakes
Fear Kills More Dreams Than Failure Every Will- Suzy Kaseem
After losing tens of thousands of dollars, I’ve realized the magnitude of that quote.
Is Your Primary Residence the Best Investment?
I hope to challenge another conventional norm. That home (primary) ownership is the best investment. Yes, there are a lot of moving parts to consider when making this case (geography, size of the home, opportunity cost, interest rates, housing appreciation, etc)
Regardless, I believe it is a useful exercise to dig down to the numbers and objectively evaluate the true costs of home ownership and the opportunity cost of purchasing a home.