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Smart Investing

Reader Questions – Essential Saving and Investing Advice

Thanks good readers, I appreciate hearing from you and receiving your saving and investing questions. I’ll be the first person to acknowledge our saving and investing approach might not be suitable to everyone however I believe things are working out for us so far.  Before I get into the latest set of reader questions to My Own Advisor here’s a brief look at our financial priorities: Very high priority on saving, contributing and maxing out our Tax Free Savings Account (TFSA) every year. High priority on contributing monthly to our Registered ...
Cutting cable

Why Golf Channel, TSN and traditional cable are worth my $40 per month

Alright, I get it.  Paying for cable is foolish because Over-The-Air (OTA) TV, subscribing to Netflix or using other online service providers to get content on your TV is fun, cool and less expensive than cable.  I can’t tell you how many blogposts and news articles I’ve read over the last couple of years that provide how-to-instructions and compelling “whys” for cutting the cable cord, largely for financial reasons.  Before I slam those arguments entirely, let’s review the benefits presented in some of those articles, things I agree ...
Lessons Learned

3 personal finance lessons learned from Detroit’s bankruptcy

I’m not sure if you caught this news, but Detroit, Michigan is now officially bankrupt.  After decades of overspending, Detroit has now become the largest U.S. municipality ever to file for bankruptcy.  The city faces $18-billion in debt and that number climbs higher every day.  Sadly, for the residents of The Motor City, Motown, and for sports fans, Hockeytown USA, everything has officially collapsed. How did this happen?  How could what was once the country’s 4th largest city go flat broke? Well, from what I’ve read, extreme city government ...

Three Saving Rules I Live By

The following article is a guest post by Barry Choi, a passionate DIY investor with no formal financial training.  When not finding more ways to save cash and manage his investments, Barry is a Director for CityTV Toronto.  Barry can also be caught daydreaming about his next travel adventure.  You can follow him on Twitter @BarryChoi. After reading last weeks’ interesting post Super Simple Ways to Save More Cash I was excited to find that I already followed 18 out of the 20 tips.  Some may find following all of My Own Advisor’s ...

Best Discount Beers in Canada Eh

Just in time for Canada Day and Independence Day celebrations!   While this is first and foremost a personal finance and investing site, you might already know by now I enjoy beer.  Why not a post about discount beers?  I know, what the hell took me so long?  Without further ado here are the best made beers in Canada that won’t break your wallet. 5.Brava Brava is a lager that is light and crisp.  Think refreshing when paired with munchies while watching sitting on a patio in the summer.  5% alcohol content.  Made by Lakeport Brewing ...

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