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Tag Archives: Interest
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May 10, 2013
- Masters of Money
Raising Financially Literate Children
From a very early age, my parents talked to my siblings and I about money. We helped my mother count money at the grocery store, my father took us to the bank machine and we were only given allowances if we showed my parents a “budget,” which included giving, saving and spending. MORE
April 24, 2013
- Masters of Money
Teaching Kids about Credit and Credit Cards
If you’re like me, you probably use your credit card often. Using a credit card to pay for your daily purchases is much more convenient and secure than using cash. MORE
Tagged credit, Credit Cards, Fees, Interest
January 3, 2013
- Masters of Money
The 3 Types of Investing Profits
There are three types of profits available to investors. Aim for some of each when building a portfolio. MORE
Tagged capital gains, Dividends, GICs, Interest, Investing
December 17, 2012
- Masters of Money
Be a Saver, Not a Borrower
“Neither a borrower not a lender be,” is a long-established saying going back to Shakespearean times. However, as universal truths go, this one is only half appropriate for modern investors. Forced to choose between only one of two fates – being a borrower or a lender – I would unhesitatingly choose the latter. MORE
December 13, 2012
- Masters of Money
Encouraging Kids to Save
How can you encourage your kids to be good savers? It starts with being a good financial role model and adopting healthy financial habits. One of the best habits you can adopt and model for your kids is to “pay yourself first”. Make savings a priority by paying yourself before paying a cent to anyone else. MORE
