Drop the shame to go debt-free in 2019, money expert says

Drop the shame to go debt-free in 2019, money expert says

Investment manager Shannon Lee Simmons advises those who owe money on credit cards or loans to re-frame the debt by not being too self-critical about how it was accrued.

“Most times people take on debt because of normal things, job loss, kid in hockey, a reno gone wrong,” Simmons told CTV’s Your Morning.

“It’s not because of Gucci purses.”

Simmons’ new book, Living Debt Free, advises paying down debt as the first step to financial recovery.

A love letter to my wife...about money

A love letter to my wife...about money

This letter is not meant to be sappy or embarrassing, and hopefully doesn’t come across as too morbid. I got this idea from an article I read about writing a letter to your spouse regarding money matters in case something were to happen to you. As with many couples, one person (in this case me) takes care of most of the household finances. My hope is that this letter can help alleviate some of the stress on my wife if she was left alone (with our 3 kids) should something happen to me.

Can Yoga Make You a Better Investor?

Can Yoga Make You a Better Investor?

Yoga and mindfulness might seem like the opposite of the mental and emotional intensity that often comes with investing, yet these practices have parallels that may be useful to building wealth. Meditation is a technique for resting the mind and attaining a state of consciousness different from the usual waking state. It allows the mind to focus on something other than events around us. Similarly, Hatha yoga is a practice aimed at caring for the body and mind, helping us to develop focus, patience and calmness.

Canadians want $250,000 a year to live comfortably — experts say curb your expectations

Canadians want $250,000 a year to live comfortably — experts say curb your expectations

What would it take for you to be “financially comfortable?” For many, the answer might be lower than they think. A new survey conducted by Leger for investment firm Edward Jones found Canadians think they need an annual salary of $250,000 before tax to be financially comfortable. And they’d like $300,000 a year to have their “ideal” income, the survey of 1,565 Canadians said.