WHAT IS A TFSA & HOW DOES IT WORK?
Income taxes can shave off a significant portion of your returns, drastically reducing the amount available for growth. As such, if you can reduce or avoid taxes (legally, of course),…
INVEST MONEY
Making and saving money are excellent starting points on your financial independence journey. However, saving does not grow your money. Further, cash loses value over time due to inflation. To achieve your long-term financial goals, you need to invest money so that your hard-earned money can work hard for you.
Here are some of the top reasons why you should invest:
Harness the power of compound interest which allows the interest you earn to interest, ad infinitum
Achieve short-term goals such as taking a dream vacation, saving for a home down payment, etc., much faster
Secure financial stability and an enjoyable lifestyle in retirement as social security alone cannot fully meet all your future expenses
As Aya Laraya puts it, you are buying a day that you don’t have to work when you invest
Browse our best tips on investing to achieve your financial goals sooner and live life on your terms.
MUTUAL FUNDS, INDEX FUNDS & ETFs – WHICH ONE IS THE BEST FOR YOU?
Are you interested in investing in the stock market but don’t want to spend countless hours analyzing and picking individual stocks? What is the difference between mutual funds, index funds,…
THE FIRE MOVEMENT – HOW TO RETIRE EARLY & THE 4% RULE
Have you ever thought about how much you would need to achieve financial independence and retire? How about the age at which you would be able to retire? As it…
5 WAYS TO INVEST $1,000 TODAY
Big things often have small beginnings. While the rags-to-riches stories maybe a tad cliche, they inspire and speak to the potential that lies within humble beginnings. Investing, especially stock market…
12 MONEY RULES: HOW TO BE GOOD WITH YOUR MONEY
Becoming good with your money is essential to achieving financial independence. First and foremost, you need to learn the money rules. This article will address 12 important money rules you…
HOW TO INVEST: STOCK MARKET FOR BEGINNERS
Are you curious about the stock market but find it daunting and do not know where to start? Yes? Please keep on reading. This article will attempt to shed some…
WHAT STYLE OF INVESTING IS BEST FOR YOU?
If you have never invested before, the prospect may seem daunting to say the least. With all the fancy-sounding financial terms (stocks, bonds, mutual funds, REITs, options etc.) you might…
5 REASONS TO START INVESTING TODAY
Once you are ready to start investing, the next and certainly most exciting step is to START investing! Find out whether you are ready to start investing here. This article…
ARE YOU READY TO START INVESTING?
When should you start investing? At first glance the most reasonable response would seem to start investing right away. Well, investing as soon as possible may or may not be…