Thank you for joining the waitlist!
You’re on the list for early access!
We will contact you via email when we’re ready for you to start your self-directed financial plan. In the mean time here is a quick preview…
Check out our latest blog posts…
Reduce Your Investment Risk (For Little To No Cost)
Investing is risky. That’s the price you pay in exchange for higher returns.
If you wanted zero risk you’d put your money in high interest savings account. But then your returns wouldn’t even keep up with inflation. Over the long run, a no risk investment is essentially losing money because its worth less and less each year.
Buying bonds offer a slightly higher return, usually above inflation, but that comes with additional risk. Bond prices are sensitive to interest rates and the economy. There is also the risk of default.
Equities provide an even higher return. This is exchange for much higher risk.
So how do you go about reducing your risk for little to no cost? First let’s discuss exactly what we mean by risk.
Is It Even Worth Saving Money In Your 20s? Yes! For These Three Reasons
There was a great personal finance question from a user on Reddit the other day that basically asked if it was even worth saving money in your 20s. The user asked r/PersonalFinanceCanada “is it even worth saving money while you’re young?”
This is a GREAT question. The quick answer is YES!
There were few good responses that covered the three main reasons why saving now, even on a lower income, is still the right thing to do.
Let’s review the three reasons why saving while you’re young is so important…
How To Save Electricity At Home – Our 200kwh Electricity Bill
There are some things I hate to save money on. Things like entertainment, food, hobbies are at the very bottom of my savings list. These are the last things I’ll cut if I need to save money.
BUT on the flip side there are some things that I love to save money on. These are things that no one ever sees. These are things that no one ever cares about. It’s things like investment fees, car insurance, or utilities. No one cares how much you spend on that stuff, absolutely no one, so it’s the perfect way to save money.
If you can lower your electric bill by $20 per month, you’ll save an extra $240 per year and no one will have a clue.
When was the last time you compared electric bills? Never.
When was the last time you noticed the number of lights in a person’s home? Likely never.
Our electricity bill is down to around 200 kwh’s per month. The money we save goes directly into investments each month. Saving money on electricity is the perfect way to build stealth wealth.