Month: November 2012

Financial Literacy Day

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November is Financial Literacy Month for Canadians. This national media campaign was spearheaded by Glenn Cooke, of LifeInsuranceCanada.com. Last Thursday on November 15th, thirty-five Canadian bloggers, who took part, published their best financial tip. As Glenn points out on his Blog For Financial Literacy post, financial literacy is important! “…financial literacy IS important. Educating Canadians about our finances is one of the greatest things we can do for others both individually, and as a country.  Many Canadians are not preparing financially for their future, many are spending beyond their means and mortgaging their future, and many have not even taken …

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Why People Don’t Invest

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Many Canadians are inundated with debt through their mortgage, lines of credit, or personal and credit card debts. Many Canadians also live paycheque to paycheque, with minimal savings or investments, and have no idea how to get off the tread mill. And yet many are making a solid income. So why aren’t more Canadians investing? Here are the reasons I usually hear why people don’t invest: I have a mortgage (or rent) so I can’t afford to invest. I have a defined pension plan, so I’ll be okay in retirement. I have lots of debt, so I can’t invest right …

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Why You Should Start Investing Now!

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November is Financial Literacy Month! That’s right a whole month dedicated to educating and helping Canadians to become more financially independent, and more aware of their finances.  I was asked last month if I would like to participate in this national media campaign, spearheaded by Glenn Cooke, and present my best financial tip to readers. Of course I said yes! As a financial blogger, helping to educate Canadians about their finances is one of the reasons why I write. Many Canadians are not prepared for their golden years. Many are spending beyond their means, and many are carrying huge amounts …

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Canadian Investors and the Fiscal Cliff

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Written by Rob, The Dividend Apprentice It seems that nearly every major news article over the past couple of weeks has been talking about the U.S. and its impending fiscal cliff. This “cliff” refers to the ending of several tax cuts (which will, upon their expiry, act effectively as tax increases) along with several major spending cuts by the U.S. government. All of this is set to happen on or around January 1st, 2013. If left unresolved, these issues will combine into the perfect economic storm. It would force the average American household to become more cautious about spending, and …

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