June 23, 2023
Which holds more value: $100 today or $100 a year from now? Does it depend on whether you’re making or receiving the payment? Your answer might hinge on your understanding of ‘the time value of money.’ So, let’s explore this financial concept and understand why is the time value of money important for making savvy Read more
April 25, 2023
April 7, 2023
Are you tired of living paycheck to paycheck or feeling trapped in a cycle of debt? Becoming financially independent is a dream for many, but it can be challenging to know where to begin. In this post, we’ll explore three crucial steps you can take to start your journey toward financial freedom. By implementing these Read more
October 18, 2022
Saving money is one of the necessary steps to building wealth and gaining financial independence. There are three simple money-saving tips you need to follow down the path of financial success. Tip 1: Realize that You Have Control There are so many things begging for your financial attention. What you purchase is determined by your Read more
March 23, 2022
Chrysler calls balloon payment loans “Customer Choice Financing.” That might sound great, but the truth is, it’s practically the worst way you can finance anything! Today, we’re discussing the risks of balloon payments in two different but equally essential financing areas: Car loans Commercial mortgages Definition of Balloon Payments Loans or mortgages with a balloon Read more
March 22, 2022
What is the best way to invest $1,000? If you’re in business for yourself, the answer might seem simple. Investing in the success of your business can deliver greater returns than simply playing the stock market—although business investing is equally risky. That’s because investing in your business isn’t passive income earning like the stock market—succeeding Read more
March 17, 2021
Last Updated: March 17, 2021 Just how big of an expense are taxes? On average, you can be expected to spend 25-35 percent of your salary on taxes each year. That means 3-4 months of each year (or 13 years of your life) goes towards paying off your tax obligation. Unfortunately, as long as you’re Read more
November 18, 2020
How to Measure Your Portfolio Return We wanted to calculate and understand the return on Wealthsimple Portfolio vs. S&P 500 performance. First, we ran into a few issues understanding what exactly different return metrics mean. If you are just as confused, hopefully, this video can give you tools to understand your reports and compare your Read more
September 17, 2020
Invest $1000 in Stock Market: 3 Ways. If you want to invest $1000 after you have paid off high-interest debt and have an emergency fund, this video is for you. Overview Invest $1000 Prerequisites Investment Considerations Robot Advisors One Diversified ETF Build Your Portfolio Useful Links 💰Get $50 in FREE Trades💰 How to Value Stocks Read more
August 6, 2020
Updated: August 6, 2020 Financial independence is a goal that many of us want to work towards. Wealth creation is one of the factors to becoming financially independent. Many people believe that you need to have a lot of money to create wealth. This isn’t true: you can build wealth with the income you currently Read more