Dealing with Credit Agencies

Author Rishi Published June 1, 2016

Total Canadian Household Debt is at record levels. Here is some good on how to deal with Collection Agencies. A collection agency is hired to collect money for a third party, usually a company. To avoid being contacted by a collection agency, communication is the key. If you are having a difficult time paying a […]

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What’s in a Credit Report?

Author Rishi Published

Total Canadian Household Debt is at record levels. Here is some good information to help you understand your Credit Report. Your credit report contains the following information: Personal information such as your name, address, social insurance number, employers, date of birth and telephone number Information related to any loans you have such as a credit […]

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How you could become a Millionaire…Tax Free!

Author Rishi Published September 30, 2015

Can you save $10 a day? Great! Then you could be on your way to becoming a Millionaire! If you are around 25 years old then this is made for you. Here’s how: Step One: Open up a Tax Free Savings Account. Current maximum contribution limit on this account is $46,500**, if you have not […]

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Young Adults and Young Families: Getting Started Financially (It’s okay to be scared!)

Author Rishi Published July 30, 2015

So you have graduated from University or College and you’re now looking for a job or perhaps you just started one. Maybe you have been working for a few years now and are slowly starting to pay down your student loans and live a little. Or maybe you just got married, now dealing with the numerous responsibilities of owning a home, and paying multiple bills. Whatever your situation is, if you are in your 20’s or early 30’s you probably have just started getting into your personal finance. It’s okay to be scared, with everything that has happened to the markets in the past 6 years, who can blame you for being a bit apprehensive!

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Are Financial Advisors Worth It?

Author Rishi Published

According to a ground-breaking research study, the answer is a resounding yes. Advised households have approximately twice the level of financial assets as their non-advised counterparts, and this advantage grows over time. Canadians who rely on a financial advisor to guide their financial decisions are wealthier, more confident and better prepared for the financial implications […]

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Four Ways to Save for Your RRSP

Author Rishi Published February 27, 2015

It may seem like a massive effort to save for your registered retirement savings plan (RRSP) every year. However, there are a few simple and easy ways to put money aside without having to think too much about it. Here are four ways to better save for your RRSP: 1. Automatic Savings Programs An automatic […]

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Should you hire a Financial Advisor?

Author Rishi Published

Based upon the last few articles you can already tell there is great value to advice. A professional financial advisor can certainly help you with your investment decision. But what about the fees? There has been a lot of discussion regarding MERs recently. You should know that every investment fund has a fee associated with […]

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RRSPs in Your 20s: Reasons Why You Should Contribute

Author Rishi Published

If you’re in your twenties and you think it’s too early to start investing your money into a registered retirement savings plan (RRSP), think again. There are a plethora of reasons why RRSP contributions can benefit you if you start saving your money in your twenties. For those who don’t know, making RRSPs contributions reduces […]

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Why You Should Start Investing in Your 20’s

Author Rishi Published January 30, 2015

If these two charts below don’t convince you to start investing in your twenties, nothing will. If you want to have $1 million dollars by the age of 65, take a look at Chart 1. Here is how much you would need to save every month, if you invested in a mutual fund that earns […]

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RRSP vs. TFSA: Pay Tax Now or Later?

Author Rishi Published January 23, 2015

So you’re planning for your retirement, and you’re left with an all-important decision: should I contribute to my registered retirement savings plan (RRSP) or my tax-free savings account (TFSA)? In short, it would be ideal to contribute to both accounts, but we know that may be difficult for some people. If you don’t have the […]

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