The Tax-Free Savings Account (TFSA) was introduced in Canada in 2009 as a means of encouraging residents to save. This account offers tax advantages, as all contributions, income from investments, and withdrawals made through the TFSA are tax-free. Imagine this: you get your paycheck from your employer and pay a portion of this income to …
SETTING YOUR Q2 GOALS
Hola Hola!!! It's a great year already, and we missed you (just as you missed us). As usual, we are here to help you take your personal finance game to the next level. Stay with me! Entering the second quarter of 2023 presents another opportunity to assess your finances, review your first-quarter financial goals and …
Pitch Deck: A Finance Perspective
There comes a time when a business needs to upscale by becoming a bigger and better version of itself. The business ecosystem is a highly competitive and demanding one globally. This in fact allows entrepreneurs two options; “Thrive” or “Die”. Mostly the only way to keep a business running is to expand operation. Evidently, the …
Tidying your Finances in the Afterlife
Dostadning is a Swedish word that means decluttering that begins as people age. Death is inevitable and many families fail to prepare for this eventuality which could lead to financial and emotional implications due to the loss of the breadwinner. Organizing our financial lives serves as protection for the survivors. The purpose of this article …
FINANCIAL PLANNING
As the new year comes with new surprises and excitement, it is easy to lose yourself in over-spending. This article will help you understand the need for a financial plan and ways to set one up. We all want to have good money management skills. This includes creating and sticking to a financial plan, whether …
UNRAVELLING THE MYSTERY OF NET WORTH
Over the years, a culture has been created around the net worth of celebrities and the elite in our society. The addition of new members to the Forbes list creates a lot of hype on social media. There have also been scandals involving celebrities falsifying their net worth. So, what really is net worth and …
SAFEGUARDING YOUR FINANCIAL INFORMATION
Identity theft involves the method of stealing a person’s personal or financial information by another person with the intention of making unauthorized transactions. This can be committed through fraudulently obtaining financial information such as their bank account number, debit and credit card PINs and/or bank verification number (BVN or Social Security Number, as known in …
PREPARING A FINANCIAL PLAN
A financial plan is a blueprint for effective money management. It gives a thorough picture of your current financial state, financial goals and plans to achieve these goals. Everyone needs to have one irrespective of their level of income, assets, or wealth. WHY DO YOU NEED A FINANCIAL PLAN? It gives broad information on income, …
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