To many people, $200k is a life-changing amount of money. Perhaps you're well aware and in desperate need of advice regarding how to invest a $200k inheritance wisely. Or maybe you've saved that much money over the course of several years and would like to do something with it. Whatever the case may be, keep reading as I share some options and tips for evaluating them.
A sinking fund is simply a pool of money built up over time to cover a significant future expense. It dilutes the impact of that expense, spreading it out over a longer period. Learn more (including how to set up sinking funds of your own) in this article.
"Should I pay off student loans or invest?" is easily among the most common questions I've seen while browsing online personal finance discussions. While there's no universal answer, keep reading as I provide 10 points you should consider before making this decision.
Have you ever wondered what happens to stocks when a company goes bankrupt? It's every investor's worst nightmare. While you can cling to hope if a still-functional company's stock falls sharply, bankruptcy means things are hopeless, right? Well, not exactly. Keep reading as I explain what happens to a stock when the underlying company goes under.
Did you know there's a difference between being rich vs. wealthy? In this article, I'll explain the nuances that separate these two classifications.
Wealthsimple Trade is an app that lets Canadians trade stocks and cryptocurrencies with zero commissions and no minimum balance. But is it really any good? Or would you be better off trading with your Big Five bank brokerage account? Keep reading this Wealthsimple Trade review to find out.
We've all heard the saying "money can't buy happiness." Taken at face value, it makes sense. You needn't look very far to find examples of rich people who are absolutely miserable. However, I'd argue those people usually aren't miserable because of their wealth.
Whether you're rebellious, frugal, or both, keep reading as I share a few affordable and unique alternatives to traditional weddings.
Sometimes, there are very clear signs you should drop out of college. Keep reading as I share these points and discuss why they warrant walking away.
While we often look at wealth in terms of haves and have nots, there's more nuance than that. In particular, discussions of old money vs. new money reveal wealth's complexities. Keep reading as I dive into this comparison and explain how the differences between old money and new money can influence your financial planning for the better.