Mortgage Blog - Investments
The Millionaire Teacher's 9 Rules of Wealth
December 21, 2011 by Gordon McCallum
As we go into the holiday season many of us are enjoying the fruits of our labour over the past year. Unfortunately January 1st is often a day of reckoning when the reality of Christmas spending comes home to roost. Credit card bills come in higher than expected, dinners out and lavish gifts all add up, and with all of the macro-economic uncertainty out there in the world people often take a good long look at their finances and make a decision to improve things.
We see certain trends developing early in the New Year every year. For example, debt ...
Read more »Ever Thought About Making an Extra $10 Payment on Your Mortgage?
November 16, 2010 by Jennifer Cookson
Just by making a small increase to your monthly mortgage payment, you can save enough over time to buy a (albeit inexpensive) car, send a child to university or boost your retirement savings. This is something we all know in the back of our minds, like putting away 10% of your paycheck and eating green vegetables, but how do we actually make it happen.
According to an article on star.com, it may be easier than you think to put together an extra payment or two…
Read more »Take your lunch to work more often, iron your shirts instead of dry cleaning ...
Pay Off Your Mortgage or Invest in RRSP's?
May 20, 2010 by Dania Spillett
There are so many options and decisions to make regarding where your money should go. Which debt should you pay off first? Should you pay extra payments on your mortgage or invest the excess cash in RRSP‘s? Mike Watkins of the Times Colonist shared his perspective in a news article on Tuesday.
If you choose to put more money towards paying down the principal of your mortgage you will benefit in a few ways. Firstly, you will end up paying less interest which can save you thousands of dollars over the course of your mortgage. Check out First Foundation ...
Read more »Planning for Retirement: Are Canadians Saving Enough?
November 7, 2007 by Shayla Damery
According to a study conducted in April 2007 by the University of Waterloo’s Department of Statistics and Actuarial Science, only one in three Canadians that are expecting they will retire in 2030 will have sufficient funds to meet basic household expenses.
The Canadians that are saving enough are using a combination of home equity, company-sponsored pension plans, RRSPs and person savings, on top of what they expect to receive from Old Age Security and the Canada/Quebec Pension Plan. The study also marks home equity as a valuable retirement savings tool.
Please continue reading to see the press release ...
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