The Canadian Money Magazine

By Big Cajun Man | Some of the better places to find information about Personal Finance in Canada (and the world)

Blackmail as a Financial Motivator

I read this on another site but thought it might fit well for folks that are thinking about setting up some financial resolutions for this year, and …

How Index Funds Compare To Equity Mutual Funds

<i>This article was originally published more than seven years ago and remains of the most widely read investing pieces on Boomer & Echo. I’ve updated</i> …

Investing

US Economy Excellent Rest of World Not So Much

I took a few economics courses in my university days: micro, macro, etc. However I am not an economist. But I've been thinking...<p><i>Why is the US</i> …

Economics

Ben Rabidoux and Preet Banerjee discuss Canadian Real Estate in 2019

Good friend of the show, Ben Rabidoux, returns to share his insights into what’s been happening in Canadian real estate in 2019 so far.<p>You can follow …

Canadian Real Estate

#FinancialAdviceFriday: If you want to achieve financial freedom, just follow these 10 easy steps! https://t.co/eZVOllEn9l

Avoid Going Broke In Retirement — Don’t Make These Mistakes

It’s entirely possible that you could live for 25 to 30 years after you retire. Planning to be financially secure for the rest of a potentially long life requires making a series of complex decisions, each with high stakes. And you often won’t have a “do-over.”<p>If you can avoid making these seven …

Retirement

Lifestyle Creep

About a year ago I asked Do You Make More than You Did 5 Years Ago and I got some interesting responses on the question, so let us delve a little …

The debt, the deficit – and other things this election isn’t about

Elections are about money – who will pay more in taxes and who should pay less; how much revenue government will raise; and how, where and on what it will be spent.<p>Over the past few days, the parties have been rolling out promises of new spending, new tax cuts and new benefits. Some of these ideas …

Lifestyle (Canada)

Canadians' average net worth shrinks for first time in almost a decade amid Bank of Canada rate hikes

The net worth of the average Canadian household fell for the first time in almost a decade as growing debts, shrinking pensions and declining liquid …

Investing (Canada)

Difference Between Phishing and Spear Phishing

I have mentioned phishing previously, but let me give you some explanations about two associated terms for this type of fraud.Phishing is trying to …

She Won Athletes' Hearts. And Robbed Them Blind

This story appears in the Sept. 23, 2019, issue of Sports Illustrated. For more great storytelling and in-depth analysis, subscribe to the magazine …

The Infinite Income Fallacy

Understanding what Infinity means was one of the fun things in my Mathematics education.<p>The first time I started to really understand it was after a …

RESP Sometimes Doesn’t Make Sense

Tweet <b>RESPs</b> are a great savings tool for parents (or Grandparents) who want to help young folk with the always rising costs of a <b>post-secondary</b> …

Loans

Pattie Lovett-Reid: Canadian seniors still haven't slowed the spending bonanza - BNN Bloomberg

Canada

Financial Anti-Bucket List

I have previously railed against the concept of the Bucket List with Buck the Fucket list (yes a little bit of an <b>NSFW</b> title), however someone on the …

When Should you Try to Pay Down Debt?

That is a question that seems to come up a lot so I figure I’d help folks out with some scenarios and when it might be a good time to start thinking …

More Buyers than Sellers

We often hear that stock prices rise because there are more buyers than sellers. Critics like to mock this way of thinking by saying that in every …

Investing Like Your Grandmother (or Grandfather). The Results May Surprise You

• They were fairly well diversified.<br>• They very rarely turned over.<br>• They contained stocks that generally paid dividends that grew over time.<p>So why am I …

Stocks

Compromise – makes it moribund

This site is possibly the most amazing site on the Internet. The spirit of these posters captures my views on life as none others have. These guys …

Posters

Today Do Something for Yourself ( Financially )

Tweet You have worked hard for your pay, and you deserve to do something for yourself with all that cash you earned, so here are some of the best …

Money

Debt-to-income picture improved slightly in 2nd quarter

Canadians took on slightly less new debt last quarter compared to what they earned, but they still owe $1.77 for every $1 they make, according to …

Canadian News

We Are All Three Pay Cheques From Living On The Street

Those were the happy thoughts told to me one day at Church. The minister giving the sermon, worked with homeless people and such, so his view might …

China's new digital currency could encourage worldwide use of the yuan, says CEO

China's proposed digital currency could trigger global use of the yuan, according to the CEO of American cryptocurrency financial services firm …

People's Bank of China

The True Cost of Credit Counselling

Credit counselling is a program to repay your debts in full. Many people choose credit counselling because they think the program is less harmful to …

Counselling

The Secret To Retirement Income Drawdowns

If you’re like most pre-retirees, retirement planning starts by asking if you’ll have enough income during your retirement. If it appears you’ll generate adequate income, the focus shifts to tax and investment techniques that will maximize this income. In other words, “given my income, how can I …

Retirement

MoneyTalk: Individual or Family RESP... Which is right for you? - BNN Bloomberg

That old demon debt

There have been many changes in the bond market since the financial crisis, but one constant remains: Debt is big business.<p>My colleagues articulate …

Retirement

Hasan Minhaj Testifies Before Congress About Student Debt Crisis That’s Seeing Fans Beg Taylor Swift To Pay Off Their Loans

Taylor Swift, Nicki Minaj and Drake are among the numerous stars who have generously paid the student loan debt of some of their fans.<p>Former “Daily …

Hasan Minhaj

Financial First Date Questions

Tweet Given my amazing relationship skills (yes, like my investing, blind luck can be passed off as a skill), I figured I’d help out some folks with …

Cajun Culture