Tax-Sheltered Accounts: What they are and Why you NEED them.

One big mistake I have made with my finances is failing to make regular contributions to my registered accounts. When I finally got my act together, I was shocked to see how much contribution room I had in both my RRSP (Registered Retirement Savings Plan) and my TFSA (Tax-Free Savings Plan). I was even more shocked when I understood the benefits they provide and what I had been missing out on all this while.

Dear friends, I don’t want you to make the same mistake I did, so allow me to explain what these accounts mean and how you can use them.

How to Find Extra Cash for Saving & Investing.

Many people struggle with saving for a number of reasons. The most common being that after paying the bills, they can’t seem to find the extra money to put away. Friends, I’m here to share with you one of the best places to find this “hidden” cash, so you can start saving and investing ASAP.

Remember, every little bit counts because the dollars and cents do add up. However, you must promise me that you will put this new-found money away FIRST, before paying for anything else. In fact, just set up an automatic deposit to your savings/ investment accounts, and schedule it for the day you get paid. That way the extra cash isn’t even accessible. Deal? Okay!

How Money Grows.

What is the most powerful thing that a forest of trees and a million dollars have in common? No, it’s not paper, and no it’s not the old saying that “money doesn’t grow on trees.” Lol.

It is… Compounding.

The Money Crisis in High-Income Households.

Hello friends!

Today I would like to introduce you to two families. Some of you may even know them quite well.

Decoding the Emergency Department: How to avoid the frustration of Wait Times!

As a Medical Doctor who has lived in Canada for 20 years, I completely understand how overwhelming the healthcare system can be. It’s hard enough trying to navigate it for yourself or another adult. BUT once you throw a child in the mix, an already confusing system can become even more daunting!

Why I stopped “Saving for Retirement”

For 20 solid years I have been a customer at the same bank here in Canada – one of the so-called “Big Five“. Despite my loyalty for two decades, I am here to tell you that I will probably be breaking up with my bank very, very soon.

20 Steps to A Better Me in 2020

The end of another year, indeed, another decade is upon us! And for many people, each year brings the hope of promises that we make to ourselves and those around us… in the form of RESOLUTIONS.

The Most Effective Way to Cut Your Spending

After taking a free personal finance course offered online by McGill University (click here for details), I have decided to finally gain control of my finances and put an end to the ridiculousness of my spending habits!

My (first) Labour and Delivery Story

If you are uncomfortable with all things related to bodily fluids, body parts and the like… please stop reading now! You have been forewarned!

Lessons from My Pregnancies

Hello Friends!

In the time I have been away, our family has grown by an ENTIRE human being!

I can’t believe it’s been a month since our Baby Boy was born and our lives were changed forever… for the second time around.