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...
by Michael Kim | Apr 6, 2020 | MAXIMIZE
** Disclaimer: There may be affiliate links in this blog post ** Traditional businesses are risky! If you wanted to start a restaurant business, you’d have to invest a lot of money for something that is likely to fail! If you are a risk-adverse individual like me,...
by Michael Kim | Jan 14, 2020 | MAXIMIZE
I’m not sure about you, but one of my happiest days of the month is PAYDAY! As a recent grad and now, slave to the workforce, it’s great to be finally making some $$. However, at first you may think you are making a lot of money, until you actually read your pay...
by Michael Kim | Dec 11, 2019 | MAXIMIZE
As a recent grad, saving for retirement is probably the last thing on your to-do-list. I mean, retirement is in like 30/40 years you got lots of time to save for retirement… Right? Life Expectancy in Canada Well 50 years ago, the life expectancy was 70 years...
by Michael Kim | Nov 25, 2019 | MAXIMIZE
Tax is one of the main reasons preventing you from being financially independent. If you’ve taken a look at your paycheque, you know that taxes takes a huge cut from your pay and it can even take up to 52% of your annual income! However, the Tax Free Saving Account...
by Michael Kim | Nov 4, 2019 | MAXIMIZE
Do you think successful business people like Bill Gates and Steve Jobs became successful by spending 50% of their time working for someone else? The answer is NO! In this article, I will answer how people get rich and how you can too! Lets first differentiate between...
by Michael Kim | Oct 29, 2019 | MAXIMIZE
If you have a full-time job, you work about 40 hours per week for 52 weeks a year to make a living, but are you really working for yourself? To answer this question let’s look at this example: With a $50,000 salary you are making about $24.00 per hour which is nice,...