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
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?
Why you should QUIT more often
In our society, to quit often signals a feeling of defeat, loss and even failure. Meaning it is held in a negative light. Often looking back on what we have lost or wasted in the effort. Annie, in her more recent book Quit, the power of knowing when to walk away, highlights how we should embrace quitting and instead look to the future for the expected value and the potential future loss if we don’t quit.
Guide to Managing Student Loans: Strategies for U.S. and Canadian Healthcare Professionals
Tackling student loans might seem daunting, but it's like untangling a big knot—one step at a time. Remember “anything above zero, compounds”. Whether you're in the bustling cities of the U.S. or the scenic landscapes of Canada, being smart with your student loans can pave the way for a brighter financial future. This guide is packed with savvy strategies to help you understand your loans, find relief through forgiveness and repayment plans, and keep calm under the weight of debt
Investment Strategies for the Risk Averse
In the dynamic world of investing, the stock market's unpredictable nature can be a significant source of anxiety for the risk-averse, especially for healthcare professionals who've dedicated their lives to stability and care. The fear of market fluctuations often leads to hesitation, potentially hindering financial growth and the ability to outpace inflation.
Retirement Planning for Healthcare Professionals
For healthcare professionals, retirement planning carries its own set of complexities. Balancing the desire for a comfortable retirement against the reality of variable income, practice management costs, and personal financial goals requires a nuanced approach.
Canadian Taxes 101: What You Need to Know
They are only the largest expense we Canadians have in our lifetimes. Despite that, only a few of us actually truly understand how they work, what certain terms mean and what you can do to legally reduce your tax burden
My second year running an Airbnb in my home
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 2023 Year in Review
TFSA , FHSA RRSP, which one is right for me?
The age old question for Canadians, where should I invest my money and why? Let's take a closer look at the differences and provide some more insight on the TFSA,RRSP and FHSA
2023 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 2023 has treated my portfolio so far.
How to buy your first home the smart way!
You may be asking yourself ‘What the heck is an FHSA and how can I use it to buy my first home?’. Don’t fret, we will discuss the nitty gritty of the proposed FHSA plan and how you can use that, alongside an FHBP (RRSP) and TFSA to purchase your first home.
2023 Portfolio Mid Year In Review
Financial Transparency = Financial Literacy. Why are we so afraid about talking about our financial success and failures? Take a look at how 2023 has treated my portfolio so far.
Why are these major banks collapsing?
Headlines are screaming about a possible banking system collapse as three large institutions (Silvergate Capital, Silicon Valley Bank and Signature Bank) have failed over the last three weeks. This is even affecting a major player in traditional finance, whose tentacles reach all corners of the world, Credit Suisse.
There is a whole generation of people who are getting a crash (forgive the pun) course on how money works and the current affairs of our banking system. Likely, the question you are asking yourself is 'will it affect me, and what can I do about it?
Buying your first home with a FHSA?
You may be asking yourself ‘What the heck is an FHSA and how can I use it to buy my first home?’. Don’t fret, we will discuss the nitty gritty of the proposed FHSA plan and how you can use that, alongside an FHBP and TFSA to purchase your first home.
My first year running an Airbnb in my home
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.
2022 Portfolio Year In Review
Financial Transparency = Financial Literacy. Why are we so afraid about talking about our financial success and failures? Take a look at how 2022 has treated my portfolio. Hint… not well.
2022 Portfolio Mid Year In Review
Financial Transparency = Financial Literacy. Why are we so afraid about talking about our financial success and failures? Take a look at how 2022 has treated my portfolio so far.