Emergency Reserve

Do you need three-month’s salary as an emergency reserve? It is conventional wisdom and practice in Canada to set aside 3-6 months of salary as a cash (or near-cash) reserve in case there are unexpected emergencies or issues which crop…

Cash Flow Dam Strategy

Do you own a proprietorship (home-based business or rental property)? When most small businesses get started, part of the excitement is going to the bank to open a business account. You order company chequebooks and deposit books. The money…

THERE ARE MANY STRATEGIES TO PAY OFF YOUR MORTGAGE FASTER…BUT ALL YOU’RE DOING IS USING YOUR OWN MONEY SOONER!

If we as Canadians are inclined to do a little research into how we can improve our financial condition, we will frequently come across pieces espousing a number of different strategies on how to eliminate our expensive mortgages faster than…