Ask the Money Lady: The Rule of 72
Dear Money Lady Readers, I want to share with you an investing magic trick: The Rule of 72. The Rule of 72 is a way for you to easily and quickly determine how long it would take for your money to double in value. Of course, this method is based on a fixed annual interest rate and therefore […]
Money Lady’s tips for creating good ‘work karma’
Dear Money Lady, I don’t have a question but rather a comment. I know you write about millennials a lot and I just wanted to add to that. We recently hired 12 new staff to our growing business and all of them were under 35. Maybe we just got lucky, but they are all great. We didn’t aim to hire all younger […]
The Money Lady: Check for signs that gambling is becoming a problem
Dear Money Lady Readers, Online gambling in Canada is way up in popularity among the Gen-Z’s and Millennials. Originally thought of to be popular with those aged 45+, now gambling online is something 14- and 15-year- olds do in the growing digital savvy population of Canada’s youth. Not to mention that we now see the […]
Ask the Money Lady: Shed the debt
Dear Money Lady Readers, December is the eat and spend too much month. January is the go on a diet and pay your bills month. So, have you decided to really create a budget this year to get your finances in order? Or is it going to be like that gym membership you’ll sign up […]
Ask the Money Lady: Renting in retirement
Dear Money Lady, I’ve owned a home throughout my whole adult life, and now that I’m in retirement I’m wondering if it’s worth keeping it. I still have a mortgage and I have had to always refinance my mortgage to consolidate debt in order to keep my house. Now that the interest rates are so high, I don’t think I can […]
Ask the Money Lady: Plan for end of year investing
Dear readers, I have received so many emails about what to invest in, how to invest, and what to ask advisors – so I wanted to give you a low-risk investment strategy and discuss what you can expect in the markets as we move through the last quarter of the year. Often investors who feel […]
Money Lady: Rewrite your story
Dear Money Lady Readers: Have you ever looked at the story of your life and decided you wanted a different one? Often times the new story to a new life is right in front of you, but for whatever reason we can’t see it, can’t feel it, and certainly can’t imagine making a change. Changing the course of […]
Ask the money Lady: Making ends meet after separation
Dear Money Lady, I have recently separated from my partner and am finding it really hard to figure out my finances and make ends meet. I am only making the interest payments on my credit line that is now maxed and I have cancelled my gym membership and even Netflix. I don’t even want to indulge in buying grapes at the store because I […]
Ask the Money Lady: should I invest in annuities?
Dear Money Lady: My advisor suggested investing in annuities and the way he made it sound I was really thinking of doing it. Could you tell me what you think? Vickie Vickie, annuities are a great way to save for the future and usually chosen by someone who does not want to be concerned with the […]
Ask the Money Lady: What should you pay an advisor?
Dear Money Lady, I received a large severance from my employer that recently eliminated my job after 38 years. I plan to find an advisor, but because I have never had one before I am wondering what I should pay for their services. Ed Ed, you are not the only one looking around for a […]