It’s not fair to you that you only hear about what we at CHB think when it comes to personal finance so we are going to do a monthly personal finance round up. Each month, we will ask all the other personal finance bloggers and thought leaders for their best piece for that month and share it with you here (they have to agree to provide us with a piece).
That said, we are not endorsing or, in some cases, might not completely agree with the piece. However, we want to make sure you are exposed to as many different perspectives as possible.
This is also the first time we’re doing it, so please leave us a comment as to what you think about this!
Build Wealth Canada
Mortgage Free and Financially Independent at 30. How Sean Cooper Did It.
Sean is the guy that bought his first house when he was just 27 and paid off his mortgage at 30 in 3 years. To make it even crazier, he did it with a single income in TORONTO. Tune into this podcast episode to hear how he was able to do it.
Cut Home Bills
0% Financing is a lie
Have you ever seen those car ads that claim 0% financing? It’s true that you won’t get charged interest, but you are paying a premium to get that offer.
The Ultimate Strategy for Millennials – Lifecycle Investing
If you are under age 40 and saving to become financially independent, the ultimate strategy for you to understand is Lifecycle Investing.
It has worked 100% of the time in the last 150 years and increased portfolios at retirement by an average of 63%.
Results are so consistent because it reduces one of your biggest financial risks, “Last Decade Risk”.
Lifecycle Investing is not for everyone, but understanding the concept can change your entire approach to managing your money.
To understand Lifecyle Investing, first you need to understand what is wrong with the traditional method of “bit-by-bit” saving…
How Millennials Can Get Started With Retirement Saving?
Canadians are worried about their retirement and rightly so. Science has backed it up. A report on senior’s finances from the Broadbent Institute produced several staggering numbers. One of them was half of Canadians aged 55 to 64 who don’t have an employer pension have less than $3000 saved up for retirement. (read more)