Do I need a Personal Finance Coach?

by Michael Kim | Jun 30, 2020 | MANAGE

In the past, the person to help with your personal finances was a financial advisor. But when people started to become more educated about their finances, they realized that many advisors were not making the best decisions for them. So regular people couldn’t trust...

The TFSA is not a SAVINGS ACCOUNT

by Michael Kim | Jun 23, 2020 | MAXIMIZE

Your Tax Free Savings Account (TFSA) is one of the best tools to save on taxes. But a TFSA should not be called a savings account, and instead it should be called an investment account. In this article, I’ll be sharing why you should use your TFSA as an investment...

The Opportunity Cost of Not Investing

by Michael Kim | Jun 16, 2020 | GROW

It’s easy to not do something because we don’t see the long-term impacts that in-action has. To get our butt off the couch, we need to figure out the cost of not doing something, also known as opportunity cost. In this article, I’ll explain what is the opportunity...

Review of the EQ Bank Savings Account

by Michael Kim | Jun 9, 2020 | SAVE

Did you know your money in your chequing account is losing in value every year? In Canada, inflation is about 2% every year. That means every year, the money in your chequing account is worth 2% less than the year before. That’s why instead of holding your emergency...

5 Steps to Create a Financial Plan

by Michael Kim | Jun 1, 2020 | MANAGE

I always hear people say, “I’m not making enough money” or “I need to invest my money.” I 100% agree with you, but in most cases these aren’t the first things you should be focused on. If you don’t have a budget or if you’re still paying off your credit...