Investing Archives - 大象传媒 /blog/category/investing/ Free personal financial plan Fri, 20 Nov 2020 03:55:03 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 /wp-content/uploads/2018/06/favicon.png Investing Archives - 大象传媒 /blog/category/investing/ 32 32 Adulting 101: Finance for Beginners /blog/adulting-101-finance-for-beginners/ Sat, 05 Sep 2020 00:29:10 +0000 http://planswelldev.wpengine.com/?p=13387 Do these words send you into a mini panic attack? Finance. Savings. Retirement. Debt.Take a deep breath and keep reading.

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]]> The post Adulting 101: Finance for Beginners appeared first on 大象传媒.

]]> How to keep your data safe online (and how 大象传媒 helps) /blog/how-to-keep-your-data-safe-online/ /blog/how-to-keep-your-data-safe-online/#respond Sat, 20 Jun 2020 11:23:50 +0000 http://planswelldev.wpengine.com.staging.wpengine.com/?p=574 how do you make a password that鈥檚 so easy to remember that it doesn鈥檛 need to be written down, but still so hard to guess that nobody will crack it?

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]]> The post How to keep your data safe online (and how 大象传媒 helps) appeared first on 大象传媒.

]]> /blog/how-to-keep-your-data-safe-online/feed/ 0 Budget vs financial plan: What’s the difference? /blog/budget-vs-financial-plan/ /blog/budget-vs-financial-plan/#respond Mon, 23 Sep 2019 14:42:49 +0000 http://planswelldev.wpengine.com/?p=12681 Do you know the difference between a budget and a financial plan? Here are some of the key differences between your budget and your financial plan.

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]]> If at all possible, save in advance for your renovation project. If you can, spend this spring cleaning and polishing (you鈥檒l be amazed at what some elbow grease and fresh paint can do for your space), and plan to take a hammer to it next year. Not only will that leave you with 12 months to save in advance, it will also give you a chance to think carefully about your renovation plans and keep an eye open for sales on items you鈥檒l need.

For home renovations, there are two savings tools that work particularly well.

The first is a high interest savings account. Unlike the regular savings account at your bank that probably pays next-to-no interest, a pays in the neighbourhood of 2.3% interest and allows you to withdraw your money at any time.

The second is a (TFSA) which, despite the name, can be used as a container for all sorts of investments. The advantage of using a TFSA is that you don鈥檛 have to pay tax on your investment income, and you can take out your money without penalty at any time.

Even though there鈥檚 a program in place that allows you to , it鈥檚 not recommended to withdraw money from your RRSP to fund a renovation. You won鈥檛 get the contribution room back and you鈥檒l pay expensive tax on the withdrawals. Leave your retirement fund alone and consider other choices for home improvements.

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]]> /blog/budget-vs-financial-plan/feed/ 0 The cost of owning a pet: 4 questions you should be asking /blog/the-cost-of-owning-a-pet/ /blog/the-cost-of-owning-a-pet/#respond Fri, 13 Sep 2019 06:21:41 +0000 http://planswelldev.wpengine.com/?p=12285 Owning a furry companion can be one of the most rewarding experiences, but it can also be an expensive one. Are you financially ready for a pet?

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]]> If at all possible, save in advance for your renovation project. If you can, spend this spring cleaning and polishing (you鈥檒l be amazed at what some elbow grease and fresh paint can do for your space), and plan to take a hammer to it next year. Not only will that leave you with 12 months to save in advance, it will also give you a chance to think carefully about your renovation plans and keep an eye open for sales on items you鈥檒l need.

For home renovations, there are two savings tools that work particularly well.

The first is a high interest savings account. Unlike the regular savings account at your bank that probably pays next-to-no interest, a pays in the neighbourhood of 2.3% interest and allows you to withdraw your money at any time.

The second is a (TFSA) which, despite the name, can be used as a container for all sorts of investments. The advantage of using a TFSA is that you don鈥檛 have to pay tax on your investment income, and you can take out your money without penalty at any time.

Even though there鈥檚 a program in place that allows you to , it鈥檚 not recommended to withdraw money from your RRSP to fund a renovation. You won鈥檛 get the contribution room back and you鈥檒l pay expensive tax on the withdrawals. Leave your retirement fund alone and consider other choices for home improvements.

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]]> /blog/the-cost-of-owning-a-pet/feed/ 0 RESP 101: Everything you need to know /blog/resp-101-everything-you-need-to-know/ /blog/resp-101-everything-you-need-to-know/#respond Thu, 29 Aug 2019 06:28:04 +0000 http://planswelldev.wpengine.com/?p=12180 The Canadian government introduced RESPs in 1974 to encourage Canadians to save for their children鈥檚 education. Here's everything you need to know about them.

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]]> If at all possible, save in advance for your renovation project. If you can, spend this spring cleaning and polishing (you鈥檒l be amazed at what some elbow grease and fresh paint can do for your space), and plan to take a hammer to it next year. Not only will that leave you with 12 months to save in advance, it will also give you a chance to think carefully about your renovation plans and keep an eye open for sales on items you鈥檒l need.

For home renovations, there are two savings tools that work particularly well.

The first is a high interest savings account. Unlike the regular savings account at your bank that probably pays next-to-no interest, a pays in the neighbourhood of 2.3% interest and allows you to withdraw your money at any time.

The second is a (TFSA) which, despite the name, can be used as a container for all sorts of investments. The advantage of using a TFSA is that you don鈥檛 have to pay tax on your investment income, and you can take out your money without penalty at any time.

Even though there鈥檚 a program in place that allows you to , it鈥檚 not recommended to withdraw money from your RRSP to fund a renovation. You won鈥檛 get the contribution room back and you鈥檒l pay expensive tax on the withdrawals. Leave your retirement fund alone and consider other choices for home improvements.

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]]> /blog/resp-101-everything-you-need-to-know/feed/ 0 The power of compound interest: How to win at investing /blog/the-power-of-compound-interest/ /blog/the-power-of-compound-interest/#respond Fri, 02 Aug 2019 06:15:36 +0000 http://planswelldev.wpengine.com/?p=11709 Einstein once described compound interest as 鈥渢he eighth wonder of the world鈥. He also said it was 鈥渢he most powerful force in the universe鈥. But what exactly is compound interest and why is it so powerful?

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]]> If at all possible, save in advance for your renovation project. If you can, spend this spring cleaning and polishing (you鈥檒l be amazed at what some elbow grease and fresh paint can do for your space), and plan to take a hammer to it next year. Not only will that leave you with 12 months to save in advance, it will also give you a chance to think carefully about your renovation plans and keep an eye open for sales on items you鈥檒l need.

For home renovations, there are two savings tools that work particularly well.

The first is a high interest savings account. Unlike the regular savings account at your bank that probably pays next-to-no interest, a pays in the neighbourhood of 2.3% interest and allows you to withdraw your money at any time.

The second is a (TFSA) which, despite the name, can be used as a container for all sorts of investments. The advantage of using a TFSA is that you don鈥檛 have to pay tax on your investment income, and you can take out your money without penalty at any time.

Even though there鈥檚 a program in place that allows you to , it鈥檚 not recommended to withdraw money from your RRSP to fund a renovation. You won鈥檛 get the contribution room back and you鈥檒l pay expensive tax on the withdrawals. Leave your retirement fund alone and consider other choices for home improvements.

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]]> /blog/the-power-of-compound-interest/feed/ 0 Funding your education: should you pay your own way or take out an ISA? /blog/funding-your-education-should-you-pay-your-own-way-or-take-out-an-isa/ /blog/funding-your-education-should-you-pay-your-own-way-or-take-out-an-isa/#respond Thu, 25 Jul 2019 17:54:14 +0000 http://planswelldev.wpengine.com/?p=11657 With all the press around education ISAs (income share agreements), it鈥檚 worth asking if they are the right kind of educational investment for you to make.

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]]> If at all possible, save in advance for your renovation project. If you can, spend this spring cleaning and polishing (you鈥檒l be amazed at what some elbow grease and fresh paint can do for your space), and plan to take a hammer to it next year. Not only will that leave you with 12 months to save in advance, it will also give you a chance to think carefully about your renovation plans and keep an eye open for sales on items you鈥檒l need.

For home renovations, there are two savings tools that work particularly well.

The first is a high interest savings account. Unlike the regular savings account at your bank that probably pays next-to-no interest, a pays in the neighbourhood of 2.3% interest and allows you to withdraw your money at any time.

The second is a (TFSA) which, despite the name, can be used as a container for all sorts of investments. The advantage of using a TFSA is that you don鈥檛 have to pay tax on your investment income, and you can take out your money without penalty at any time.

Even though there鈥檚 a program in place that allows you to , it鈥檚 not recommended to withdraw money from your RRSP to fund a renovation. You won鈥檛 get the contribution room back and you鈥檒l pay expensive tax on the withdrawals. Leave your retirement fund alone and consider other choices for home improvements.

The post Funding your education: should you pay your own way or take out an ISA? appeared first on 大象传媒.

]]> /blog/funding-your-education-should-you-pay-your-own-way-or-take-out-an-isa/feed/ 0 Home Buyers’ Plan 101: Everything you need to know /blog/home-buyers-plan/ /blog/home-buyers-plan/#respond Tue, 18 Jun 2019 17:37:34 +0000 http://planswelldev.wpengine.com/?p=11411 The RRSP Home Buyers鈥 Plan (HBP) is a tax-free way to fund your mortgage down payment and an awesome tool to help you get closer to owning your first home.

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]]> If at all possible, save in advance for your renovation project. If you can, spend this spring cleaning and polishing (you鈥檒l be amazed at what some elbow grease and fresh paint can do for your space), and plan to take a hammer to it next year. Not only will that leave you with 12 months to save in advance, it will also give you a chance to think carefully about your renovation plans and keep an eye open for sales on items you鈥檒l need.

For home renovations, there are two savings tools that work particularly well.

The first is a high interest savings account. Unlike the regular savings account at your bank that probably pays next-to-no interest, a pays in the neighbourhood of 2.3% interest and allows you to withdraw your money at any time.

The second is a (TFSA) which, despite the name, can be used as a container for all sorts of investments. The advantage of using a TFSA is that you don鈥檛 have to pay tax on your investment income, and you can take out your money without penalty at any time.

Even though there鈥檚 a program in place that allows you to , it鈥檚 not recommended to withdraw money from your RRSP to fund a renovation. You won鈥檛 get the contribution room back and you鈥檒l pay expensive tax on the withdrawals. Leave your retirement fund alone and consider other choices for home improvements.

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]]> /blog/home-buyers-plan/feed/ 0 Emergency Fund 101: Do I really need one? /blog/emergency-fund-101/ /blog/emergency-fund-101/#respond Thu, 30 May 2019 06:14:27 +0000 http://planswelldev.wpengine.com/?p=11125 Big or small, people experience financial emergencies all the time. One of the best ways to get through a financial emergency is to build an emergency fund.

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]]> If at all possible, save in advance for your renovation project. If you can, spend this spring cleaning and polishing (you鈥檒l be amazed at what some elbow grease and fresh paint can do for your space), and plan to take a hammer to it next year. Not only will that leave you with 12 months to save in advance, it will also give you a chance to think carefully about your renovation plans and keep an eye open for sales on items you鈥檒l need.

For home renovations, there are two savings tools that work particularly well.

The first is a high interest savings account. Unlike the regular savings account at your bank that probably pays next-to-no interest, a pays in the neighbourhood of 2.3% interest and allows you to withdraw your money at any time.

The second is a (TFSA) which, despite the name, can be used as a container for all sorts of investments. The advantage of using a TFSA is that you don鈥檛 have to pay tax on your investment income, and you can take out your money without penalty at any time.

Even though there鈥檚 a program in place that allows you to , it鈥檚 not recommended to withdraw money from your RRSP to fund a renovation. You won鈥檛 get the contribution room back and you鈥檒l pay expensive tax on the withdrawals. Leave your retirement fund alone and consider other choices for home improvements.

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]]> /blog/emergency-fund-101/feed/ 0 How to be a successful long-term investor /blog/how-to-be-a-successful-long-term-investor/ /blog/how-to-be-a-successful-long-term-investor/#respond Tue, 28 May 2019 06:30:04 +0000 http://planswelldev.wpengine.com/?p=11121 Thinking long-term can feel daunting, annoying, or, frankly, boring. But it doesn鈥檛 have to be any of those things. Read these 5 strategies you need to adopt to become a successful long-term investor.

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]]> If at all possible, save in advance for your renovation project. If you can, spend this spring cleaning and polishing (you鈥檒l be amazed at what some elbow grease and fresh paint can do for your space), and plan to take a hammer to it next year. Not only will that leave you with 12 months to save in advance, it will also give you a chance to think carefully about your renovation plans and keep an eye open for sales on items you鈥檒l need.

For home renovations, there are two savings tools that work particularly well.

The first is a high interest savings account. Unlike the regular savings account at your bank that probably pays next-to-no interest, a pays in the neighbourhood of 2.3% interest and allows you to withdraw your money at any time.

The second is a (TFSA) which, despite the name, can be used as a container for all sorts of investments. The advantage of using a TFSA is that you don鈥檛 have to pay tax on your investment income, and you can take out your money without penalty at any time.

Even though there鈥檚 a program in place that allows you to , it鈥檚 not recommended to withdraw money from your RRSP to fund a renovation. You won鈥檛 get the contribution room back and you鈥檒l pay expensive tax on the withdrawals. Leave your retirement fund alone and consider other choices for home improvements.

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]]> /blog/how-to-be-a-successful-long-term-investor/feed/ 0