A good traveler has no fixed plans, and is not intent on arriving. ~Lao Tzu Just before the turn of the century, I started to become interested in finance. My university background was in English literature, education and psychology so the world of money and markets was completely foreign to me. I harboured some prejudices about… Continue Reading
Tag Archives: savings
The Richest Man in Babylon Book Review
Our prosperity as a nation depends upon the personal financial prosperity of each of us as individuals. ~ George S. Clason If you’re at all interested in personal finance, you’ve likely heard of a book entitled The Richest Man in Babylon. I’ve known about it for years now. I bought it almost 2 years ago.… Continue Reading
GIC or Savings Account?
I recently had two reasons to look up the going rates on GICs and savings accounts. I thought I’d share what I found with you today and raise the question: Is it worth it to put cash into a 5-year GIC when some savings accounts are paying almost as much while offering the same safety and… Continue Reading
Millionaire Teacher Book Review
To stay out of harm’s way financially, we need to build assets, not debts. One of the surest ways to build wealth over a lifetime is to spend far less than you make and intelligently invest the difference. But too many people hurt their financial health by failing to differentiate between their “wants” and their… Continue Reading
Never Too Late: Book Review and Giveaway
It’s about taking control of your future so that when you finally get there you’re not surprised at what it looks like. And it’s about making sure you know the truth and deal from a place of fact, not fear. ~ Gail Vaz-Oxlade Planning for retirement can be confusing – so much so that many… Continue Reading
Are Low Interest Rates a Solution or a Problem?
Even nectar is poison if taken to excess. ~Hindu Proverb If low interest rates are good for the economy, it should be booming by now. After all, rates have basically been falling for 30 years. Over the last 10 years or so, short term rates have been held low by central banks. Just a few… Continue Reading
Putting Money In Its Place
Tell your money where to go. Don’t ask where it went. ~ Unknown We spend a lot of time here kicking around different ideas on how to manage your money. What’s the best way to spend it, save it, and invest it? It’s all about controlling your money rather than letting it control you. From… Continue Reading
The First Rule of Personal Finance and Investing
Confidence is preparation. Everything else is beyond your control. ~Richard Kline Update: This article was included in the Carnival of Wealth #26 – Stock Investing Edition posted at Value Stock Guide as well as the Carnival of Money Stories #94 hosted at Invest It Wisely. Thanks! Forgive me for the title of today’s article. I… Continue Reading