John Ferris

225 Flips | 4 Magazines | 1 Like | 13 Following | 41 Followers | @johnferris50 | Keep up with John Ferris on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “John Ferris”

How Can I Earn Tax-Free Income? Here Are 3 Ways

If you're looking for ways to generate tax-free income, look no further.<p>Everyone wants to generate as much income as they can. Whether you're on a fixed income and trying to maximize every dollar, planning for your long-term future, or looking to reduce how much you pay in taxes today, there are …

How Are Options Traded?

Much like other asset classes, options are traded on active exchanges that provide liquidity, matching up buyers and sellers. Option contracts are standardized, where each contract represents 100 shares of the underlying stock. Contracts may be subsequently adjusted to accommodate various types of …

Millions of Americans are facing a serious financial problem that has no name

Today, many are suffering from another problem that has no name, and it's manifested in the bleak financial situations of millions of middle-class — and even upper-middle-class — American households.<p>Poverty doesn't describe the situation of middle-class Americans, who by definition earn decent …

I’m a financial planner, and here are the 11 best pieces of advice I can give you about money

As a financial planner who specializes in working with Gen X and Gen Y clients, I've come to learn a few basic facts about money.<p>I'll share those with you today in hopes that it provides you some insight to what, from a professional standpoint, you can do to be smarter with your money.

Personal Finance

Investment advice for millennials: Four ways to help get you up to speed

Many financial advisers are not able to take on clients whose portfolios are below a certain threshold, leaving lower-income investors – particularly millennials – in a bind for professional investment advice.<p>Canadian investors seem to know this: It's not that they don't appreciate the advice but …

The best way to encourage your teen to exercise (from experience)

<i>Kathleen Trotter has been a personal trainer and Pilates equipment specialist for 10 years. Her website is</i> www.kathleentrotter.com<i>.</i><p><b>The question:</b> I really want to encourage my teenage daughter to be more active, but I don't want her to think I am being critical of her. Any advice?<p><b>The answer:</b> On this …

Why it's important to know what's on your credit report

<i>Excerpted with permission from The Nine Rules of Credit: What Everyone Needs to Know by Richard Moxley, Published by Self-Counsel Press.</i><p>It is also important to know what is on your credit report. Suppose you find yourself in a financial bind and you have to choose which bills you're going to pay …

Canada’s housing boom has no demographic legs to stand on

<i>Ben Rabidoux is president of North Cove Advisors, a market research firm. His Canadian Housing, Macro, and Credit Newsletter is read by institutional investors around the world.</i><p>If you read the headlines, you'd be inclined to believe that Canada's population is booming. And, as the story goes, it's …

Seven Rules of Debt for Investors

<i>There are three reasons why you might willingly run up liabilities, and four why you might not. Study debt from both angles.</i><p><b>Rule 1: Buy liquidity</b>. Liquidity—the ability to come up with cash in a hurry—is valuable. It gives you the power to survive unpleasant surprises. It’s worth paying for. …

Should You Pay Off Your Mortgage Before You Retire?

<i>Rebekah Barsch is executive officer and vice president of Planning and Sales at Northwestern Mutual.</i><p>Should you pay off your mortgage early? It’s a question I get a lot, especially from people who are getting close to retirement. I’m not surprised: Who doesn’t dream of the day when they own their …

Don't Fall for These 12 Mental Money Traps

Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>Most of us were brought up poor or in the middle class -- and then continue the rest of our lives plagued by the thoughts, ideas and actions of the poor and the middle class. If you were brought up like I was, by parents that had great …

How to buy a home when you can't afford it

Ian Boyd started to think about buying a home in his late 20s, as he and his friends completed graduate school, coupled up, and started to think about children.<p>During that time in 2009, Boyd knew that purchasing a home would pose a financial challenge. He had about $35,000 in student debt and …

Even if you borrow to carve out rental space, you can get ahead financially

When Don Campbell married in 1987, he took a look at his new home's basement and saw a whole lot more than concrete and pipes.<p>He saw opportunity.<p>Building a rental unit in the basement just made sense for the Vancouver-based senior analyst of the Real Estate Investment Network and author of <i>Real</i> …

One Of The Only Ways To Get Really, Really Rich

It's a simple investment. You only have to invest almost all of your money. On the upside, after a year you might earn 3 percent more. The downside? Any day you could lose it all, for reasons usually outside your control and that you will almost never see coming.<p>Would you make that investment? Of …

Here's Four Reasons Why You Should Never, Ever Finance A New Car

Owning a desirable car is a rite of passage that nearly every adult hopes to experience at least once in their lifetime. It's the gratifying feeling …

9 Good Pieces Of Advice On Dealing With Infidelity

There's no right or wrong way to respond when someone cheats on you. It's a painful, deeply personal experience and only you know what course of action you should take to get beyond the affair.<p>Still, advice from people who've experienced the same betrayal certainly helps. Below, our readers on …

You can’t be Warren Buffett, but you can be a better investor

Financial markets are complex dynamic systems, populated by irrational and biased participants. Because of this, we have a tendency not only to …

6 Things You Should Never Borrow Money To Buy

Meanwhile, there are some items that you should never borrow money to purchase. Despite the apparent urgency that surrounds a few of these purchases, learning to wait or lower your expectations will undoubtedly save you money, and likely many headaches, in the long run.<p>Never borrow money for the …

Why Tax Refunds Are a Bad Thing (and How You Can Avoid Them)

There are many jokes about how terrible tax time is, but the truth is that many people actually enjoy tax time. While the paperwork is never a good …

Save Thousands in Interest by Increasing Your Mortgage Payment

Many Canadian consumers make it a goal to pay of their mortgages as soon as possible. This makes sense because, no matter how favorably society views …

How To Claim Business Income and Business Expenses

One of the best ways to improve your income overall is starting a home business as a sole proprietorship. The good news is that you can take …

How to Check Your Credit Reports for Free

When you apply for a credit card, loan or mortgage, the bank will check your credit history before making a decision to lend you the money. In some …

What Is The Old Age Security (OAS) Pension?

Canada is a country that is devoted to ideals of supporting its population in old age. Canada’s retirement system, though not perfect, has a number …

Underwater Mortgage? Ways to Deal with a Home That Won’t Sell

The rate of foreclosures down in the US is certainly bad news but some economists believe that before the housing market can rebound, the balance of …

Are You Planning for Your Retirement Lifestyle?

When saving for retirement, it’s easy to get caught up in the dollar figure you’re aiming for. If you are trying to build your nest egg, it’s only …

How Much Money Do I Need to Retire?

We’re all looking for a way to secure a future. It’s common to have dreams of a good retirement, with plenty of money to enjoy life. However, you …

The Best 0% Balance Transfer Credit Cards of 2017

Best 0% Balance Transfer Credit Cards <b>MBNA Platinum Plus MasterCard Credit Card</b>Longest 0% interest rate Apply NowOn MBNA's Secure Website <b>MBNA Best</b> …

Heirs To Inherit $36 Trillion For Doing Nothing

The greatest wealth transfer in history is underway, according to a new report.<p>A study from the Boston College Center on Wealth and Philanthropy projects that $59 trillion is expected to be passed down to heirs, charities and taxes between 2007 and 2061.<p>The study said heirs will receive $36 …

Medical bills will eat your Social Security - Encore - MarketWatch

By Anne Tergesen<p>Here is a stark reminder that Medicare covers only a portion of retiree medical expenses: According to a retirement health-cost index …