What Is Leverage?

When you learn about leverage in school, it usually entails using a lever of some sort to move something heavier that you could not normally move without it. In personal finance terms, the concept is essentially the same: you use debt (other people’s money) as a lever to help do something you couldn’t do without it.

Simply put, it will amplify a gain or loss from an investment you make in something.

A Tried and True Example

The most common form of this in personal finance is Read More…

With all the talk these days of impending high inflation, I find my thoughts turning to ways that I can reduce or avoid the impact of this, if it does indeed happen.  In many cases, it just isn’t possible to avoid the effects of inflation, but where there are ways to do so, I can show you how to go about it.

Let’s look at some common expenses most Canadians have and see what can be done to protect yourself. Read More…

Here’s an idea you likely won’t ever hear elsewhere…consider not buying a home until you have enough cash to pay for it outright.

You heard that right.  Yes, it would take you many years to do so, but if your personal situation and risk tolerance suits it, this could add a boost to your net worth in the long run.

Some may feel that this is unattainable. Fear not: there is a way that you can get the full amount! Read More…

Tough economic periods often have people searching for ways to make some extra income. It’s always nice to have a little cushioning for your finances.

Here are some ideas on how to do this: Read More…