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This is the third and final instalment of our Thursday bubble series. The first part looked at Canadian housing, while the second looked at gold. This one is a little more, shall we say, contrarian in nature. These days, I don’t know anyone who will discourage a young person from going to college. (Except me….
Back in 2008, there was a bit of a financial crisis. You may have heard about it. Of course you did. To recap, the bursting of the American housing bubble helped lead to a liquidity crisis around the world, culminating in the collapse of Bear Stearns and Lehman Brothers, as well as the bailout of the…
After eight years of monthly payments, we finally managed to pay off our student loans last month. Even though it’s a nice feeling to rid ourselves of student debt, we deliberately chose to make the minimum payments for years in order to get the rest of our finances in order. Very few students can afford…
Your credit report is important and because of that, a lot is written about it as well as talked about over dinner or as topics of water cooler conversations. Although some of the advice comes from well meaning people trying to help, misinformation or failing to go to trusted sources could make for some unfortunate…
When we think about the lessons we as parents want to teach our children we think of things like religious beliefs, values, and encouraging them to attain the highest levels of education but we don’t often think of practical lessons on money management. Schools don’t teach money management. They teach algebra, calculus, and geometry and…
We hear about it all the time. There are few things in the financial world that are givens but even in the most uncertain environment, interest or in terms of stocks, dividends are one of those income streams that make us feel good. Often seen as unchanging, nearly all consumers understand interest because they often…
There are many beliefs about personal finances that are sometimes unfounded and often not interpreted correctly. As people’s relationship with money can vary a great deal, when it comes to personal finances there are unfortunately no magic formulas for ‘getting rich’, ‘saving’, or ‘eliminating debt’ that can be applied to everyone. Here we’ll look at…
