The New Wealth: It’s You. by John Hope Bryant Influencer, LinkedIn

The new wealth is not your personal income, your bank balance, nor your stock options. This new wealth is not your home equity, your net worth, nor your share of business ownership. The new wealth is you. This new form of wealth can be found rooted in what we all refer to as LinkedIn. But […]

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The Richest Man in Babylon – Summary and Review

This book is very well written in the style of parables. It offers sound financial advice for all time on personal finance, with simple analogies to grow personal wealth. It reminds us of the basic rules of money and prosperity.   Three more important concepts on attaining wealth are outlined here. One is the concept […]

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New Mortgage Price War?

Mortgage brokers reported that Royal Bank of Canada dropped its five-year fixed rate for qualified borrowers to 2.84 per cent over the weekend. While smaller, non-bank lenders have started offering even cheaper rates, RBC’s rate cut is likely a record for a major bank, said Drew Donaldson, executive vice-president of Safebridge Financial Group. The bank […]

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TOP 10 TAX CHANGES OF 2014

#1. GOODBYE, TAX-ADVANTAGED TESTAMENTARY TRUSTS Major changes to CRA’s treatment of testamentary trusts will take effect in January 2016. Graduated-rate taxation will no longer apply to these trusts (as well as grandfathered inter vivos trusts created prior to June 18, 1971). Instead, they’ll be taxed at the top rate. #2. FATCA This cross-border tax behemoth […]

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Is Canada In Serious Trouble?

I don’t think so; what do you think after reading this Huffington Post It was little more than a year ago that Deutsche Bank declared Canada’s housing market to be the most overvalued in the world, and on Thursday the German-based bank doubled down on its bearish assessment of Canada. Residential real estate in Canada […]

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Should I sell or rent out?

Have you ever thought of buying a second property, without selling the first one? Often people rule out that possibility, without exploring their options. Here’s an article to help such people. . This is the situation. You own a home and are planning to buy a new home. Now your options are: 1. Sell the […]

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19 Simple Ways to Find Daily Happiness as an Entrepreneur by Brandon Schaefer

Here are the nineteen success traits needed to find daily happiness as an entrepreneur. Believe in yourself Truly believe you can do it Continue to learn from your accomplishments Learn from your failures Make a game of life, make it fun Make sure you do something you are compassionate about for your job Keep an […]

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2015 Real Estate Predictions

  The CREA revised its forecast for annual housing sales in December, projecting national activity to reach 485,200 units, a year-over-year increase of 0.8 per cent. In December, Scotiabank predicted that interest rates will stay lower for at least another year, with the first increase not due until the beginning of 2016. The Bank of […]

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Reduce your risks and improve your returns Part 3 and Part 4.

If you have not read part 1 and part 2, check them out first. Part 3 explains how Participating (PAR) insurance is more attractive in some more instances. When you need accumulated cash (or huge cash) in your retirement for any purpose this policy comes handy. Cash value in the policy can be borrowed, during […]

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Reduce your risks and improve your returns Part 2

In part 1, we compared the Participating Life Insurance with GICs. In part 2, we compare it to an investment portfolio consisting of bonds and equities, which can be either aggressive or conservative If your goal is aggressive investments, then Participating Life Insurance as an investment is not an appropriate alternative. What is an aggressive […]

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