The You First Blog

10 ways to stay broke – forever

November 29, 2011
Odette Morin

10 ways to stay broke forever.  I could not have said it better.  Click on the link below for the full story. Finance everything Pay the minimum on what you owe Spend it all and save nothing Buy a huge house Buy a new car – every few years Take vacations on credit Pay full… Read More

“Everything We Do From This Day Forward is About Doing Better” -Wally Buono A Down Week for the Market The Toronto stock market closed lower at the end of a losing week as the European debt crisis continued. The S&P/TSX composite index lost 23.26 points to 11,462.06 while the TSX Venture change edged 7.96 points… Read More

Weekly Update November 18 2011

November 18, 2011
Financial Planning
Terry Broaders

“November Always Seemed To Me The Norway of The Year” -Emily Dickinson The Value of Advice The Investment Funds Institute of Canada Wednesday released is second report on the value of advice. IFIC says the 2011 report provides additional evidence supporting the value of advice and what a relationship with an advisor can mean for… Read More

The new PRPP introduced today

November 17, 2011
Odette Morin

The Harper Government introduced today the much-anticipated Pooled Registered Pension Plans (PRPP) Act to address concerns over declining pension coverage for Canadians. The new plan is primarily intended to provide an efficient, effective and low cost retirement savings vehicle for the many Canadians without employer pension programs. Minister of State for Finance Ted Menzies officially… Read More

The Liquidity Ratio formula will establish what is reasonable. Total of cash and short-term savings divided by your short-term debts should be about 1 or 2. This means that you should have at least 100% or 200% the amount of liquid cash as you have debts due soon. This is for short term debt. If… Read More