Sorry for being so quiet the last few weeks. I’ve actually been on a huge sprint to finish a program called money 101. This program will show you how to have thousands more each year without sacrificing your lifestyle.

Anyway, the program is moving along really smoothly and I’m projecting it to be fully available for you to go through completely free by the end of next month.

This program is the reason I was able to buy my first investment property 6 months after graduating and also the reason why I’ve been able to do so much travelling this year (about 2 months). It is also something that you will also have the option of doing if you follow through with the lessons. Anyway, I’ll talk more about it the weeks leading up to the release 🙂

From Our Own Site

Nothing this week.

From Traditional Media

Higher interest rates, debt putting pressure on Canadians’ finances

Increasing debt levels coupled with rising interest rates meant the average Canadian household spent $544 more on interest charges last year.

Luckily for me, my investments have all been doing better than the rise in interest rates which means that I haven’t really felt it.

Have you been personally feeling any sort of pinch with the rising interest rate?

From a few Canadian Bloggers

Wealthsimple Review: Simple Investing on Autopilot

I’m more invested in real estate (well one property), cannabis, tech and most recently, Tesla (always been a goal of mine to own some portion of the company). That said, Wealthsimple isn’t something that makes sense for me.

However, I know it would be the perfect thing for both my sisters to consider along with those who have no interest in getting active with investments (which is perfectly okay because there’s still so much more to life).

So for those who fall into that camp, check out the world of robo advisors and how they can help grow your net worth without you having to do anything.

From a Few International Bloggers

What You Don’t Know About Insurance Is Costing You

This article is from the US and talks primarily about homeowner’s insurance and liability insurance (since people can sue for practically anything there). I won’t go into the details here since I’m not too familiar with how insurance works in Malaysia.

However, it is one of the topics I’m thinking of spending more time on now that I’m done with the money 101 program. So a question for you: what are some of the insurance questions you have?

Let me know in the Facebook group!

The Magic of Getting a Month Ahead & How to Do It

The way that they are thinking of money here is quite unique! The idea is that instead of timing your bills to come in after your paycheck (or what they call your bills waiting for your income), you would have your paycheck wait for your bills.

In the first scenario, it feels as if you have no control over the situation. However, in the second scenario, you are in full control. The money is already there and waiting.

The key in being able to do this is to be living off your previous month’s income so that this month’s income is fully ready to be used. And who knows, maybe after some time, you’d have 6 months of expenses saved up (which means you’ve built up your rainy day fund!)

Millions of Americans are still trapped in debt-logged homes 10 years after the housing crisis brought the nation to its knees

I am a personal fan of investing in real estate as a means to wealth. However, that doesn’t mean every property out there is a good investment. Heck, it still means 90%+ of the homes out there are terrible investments.

And this is a good reminder as to why the fundamentals are still important. The 2008 housing crisis happened 10 years ago, but the prices of some of these homes are still way lower than the loans that were taken out to buy them in ‘08.

Investing in property is definitely something I will cover in the future but until then, feel free to leave questions about it in the Facebook group!

I’m a Financial Planner. Here’s How I Invest My Own Money.

If you ever wonder how financial advisors would invest their money, here is a good example of what they do. Nothing fancy and very simple (just 5 different things that can be bought on the stock market).

If you wanted to replicate it, you’ll need access to the US stock market as all the investments he makes are listed on the US stock market. I personally use Interactive Brokers as they charge the lowest fees (as low as $1 per trade) and have access to a wide range of markets.