New Year’s Resolutions that stick

If you have a love/hate relationship with New Year’s Resolutions, you’re not alone.

We’re supposed to make them every year. They’ll make us better people, and if we only stuck to them we’d be richer, thinner and smarter. But we don’t stick to them. New habits are tough to create and sustain, and the rewards are often too far out. Continue reading…


The most important number in your financial life…

It’s tough to argue that the most important number in your financial life is your net worth. You calculate it by adding up all your cash, assets, house value, investment statements and cash surrender value of your life insurance and subtract from this sum all of your debt, mortgage, and any other amounts owing. Put another way, it’s all your assets minus all your liabilities. Continue reading…


Mortgage Insurance: A good idea or not?

There is one financial product that many people purchase without even remembering they said ‘yes’. It is offered at a stressful and emotional time for an individual or couple who are about to make the biggest purchase of their life. The price seems paltry compared to the mortgage payment they’ve just agreed to, and the answer to the question posed seems like a no-brainer. Continue reading…


“Why is there no money at month’s end?”

I hear this question perhaps more than any other. “Why is it that, no matter what we do, there is never any money left at the end of the month?”

I typically answer this question in one of two ways. First, “what is so magical about month-end that you think there a pile of cash on the counter left for you?” And second, “who in this world truly wants you to succeed with your money?” Continue reading…


Thinking about gifting money to your adult child?

A topic that often comes up with my clients in their 50s, 60s and 70s is that of assisting their grown children (aged 20-40) financially.

There are many good reasons to help out your adult children these days, especially if you can afford it. Whether it is assisting with a down payment on a home, helping out with a grandchild’s RESP or just a well-meaning gift of money to help with bills, it’s a common refrain that those approaching retirement want to help. So is there a problem? Continue reading…


Do you know what you are invested in?

For most people I know, deciding how to invest hard-earned dollars to fund a distant retirement is more painful than a root canal. How could there possibly be more options? And products? And promises? How do you sort through all the myriad of investment alternatives available? Continue reading…