Budgeting and Cash Flow
Canadian Personal Finance
by CPF
2w ago
By: Joe Barbieri (Joe the Investor) Summary This series has described budgeting in 2 main parts. The first part is building your budget accounting for the income sources and expense sources which can be fixed or variable in nature. The budget is broken down into parts that you can control in the short term and parts you can control in the long term for you to see your options in adjusting your budget. The second part of the process is how to make changes to your budget and how to examine its various parts. The changes range from something incremental to a major life decision that can change ma ..read more
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Disability Insurance
Canadian Personal Finance
by CPF
2w ago
What Is Disability Insurance? When it comes to insurance, Canadians simply do not have a good enough understanding of what their needs and options are. Insurance can be both confusing and boring, meaning that you likely have not invested the time to research what coverage makes the most sense for you and your family, or what risks you remain exposed to. While it’s highly likely that you have heard of life insurance, you may not have heard about disability insurance. I am sure that you realize how important your income is, but have you taken the time to think about how your life would change if ..read more
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Personal Bankruptcy
Canadian Personal Finance
by CPF
2w ago
Series by Victor Fong Introduction: Finding Debt Relief and Rehabilitation Bankruptcy is a scary word. It conjures up images of losing your home, destroying your credit, and other unpleasant thoughts. But it can provide relief from a crushing debt burden, so for some people it can be the right move. Do you remember going to see the doctor when you were a child? You dreaded getting jabbed with a needle for a blood sample or having to take some awful-tasting medicine, but before you knew it, it was done and over with and the sting went away. One can think of the personal bankruptcy process in th ..read more
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Index Investing
Canadian Personal Finance
by CPF
2w ago
Written by John Robertson Part 1: What is a Stock Saving for the future is very important, but savings alone can make reaching your financial goals very hard. If every dollar you want to spend in the future – say, for retirement – you have to earn and hold on to first, it can make the idea of meeting your future goals seem daunting. For someone spending 40 years of their life working and planning for a retirement of 30 years, they would have to save a huge portion of their income to be ready. That or plan to have a big cut to their lifestyle in retirement, neither of which is an appealing choi ..read more
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Understanding Critical Illness Insurance
Canadian Personal Finance
by CPF
2w ago
Understanding Critical Illness Insurance By Glenn Cooke Introduction Critical Illness insurance seems pretty straightforward – if you get a critical illness, you get paid a flat benefit. Unfortunately when it comes time to claim, consumers often find that they weren’t covered for what they though they were. There’s also a number of important policy attribures that don’t get discussed that can lead to misunderstandings as to what’s covered and what’s not. In particular there’s a simple sales phrase used to sell critical illness which is “If you get cancer, you get paid a benefit. If you don’t ..read more
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Life Insurance as an Investment
Canadian Personal Finance
by CPF
2w ago
Introduction The financial triangle has a variety of stages – cash flow, insurance, retirement savings, estate and tax planning, and speculative investing. Using life insurance as an investment falls squarely in the upper estate and tax planning level. That means that you should only start looking at using life insurance as an investment AFTER you have cash flow, insurance, and retirement savings all looked after. At that time, life insurance is a very useful (i.e. financially astute) estate and tax planning tool. Prior to that time it’s a poor investment choice. Life Insurance As an Investmen ..read more
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Understanding Life Insurance
Canadian Personal Finance
by CPF
2w ago
Introduction Life insurance is confusing to many consumers. What product is best? Should I get cash values? Is life insurance a good investment? It’s overwhelming and difficult to know even where to start. In this e-book we’re going to clear up that confusion. We’re going to break the problem down into specific steps and educate on each step. For best results, you want to do these steps in order: How Much Life Insurance Best Type of Life Insurance Best Life Insurance Company By focusing on those steps, in that order, you will end up with proper insurance coverage. However before we get into ..read more
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It’s RRSP Season in Canada, here’s why you need to start saving now.
Canadian Personal Finance
by CPF
1M ago
It’s RRSP Season, and here’s why you should contribute NOW. It’s February in Canada, which means it’s RRSP season once again. Every year we can save money in RRSP’s, and receive a tax deduction for our contributions. The tax deduction alone makes this a great thing, but it’s not the only important part of your retirement savings. What is possibly the biggest factor in your retirement savings isn’t your interest rate earned, or your investment strategy. It’s your TIME. Starting to save earlier has a huge impact on your end goals – far more than most people realize. Let me illustrate. Let’s take ..read more
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5 Simple Ways That Personal Loans Help You
Canadian Personal Finance
by CPF
1M ago
Personal loans come in handy for all sorts of purposes. They can make things simpler and even help position you so that it’s easier to get another loan in the future. Would looking into the options for MagicalCredit personal loans help you with some kind of financial situation today? If any of the following applies, the answer is yes.  Reorganizing Your Debt You’re not having any problems paying your debts on time, but it would be nice to simplify the budget a bit. Fewer debts to manage is one way of making things simpler. You could look into options for Ontario loans  ..read more
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5 Measures You Can Take Now to Help Your Credit
Canadian Personal Finance
by CPF
1M ago
Achieving your financial and other life goals, like owning a house, acquiring a car, expanding your business, or even furthering your studies in college, are highly dependent on having a good credit score. Lenders use your credit score to predict your creditworthiness and how responsible you are with using your credit cards. They also use the score to determine the terms of lending you a loan or offering you other credit products, if they decide to do so. Some of the things that influence your credit score include your credit history, your amount of debt relative to your credit limit, and your ..read more
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