Money Blogs

What Makes a Good Investor Day?

What Makes a Good Investor Day? Welcome to another My Money Moves YouTube video. Here I discuss what makes a good investor day as part of our free investor education series with Todd MacSween. The content was produced for my employer but it is likely applicable to many readers here too. Enjoy! For more on investing basics check out Investing…

Continue Reading

Money Blogs

Free Macro Economic Resources

Free Macro Economic Resources Welcome to My Money Moves third video. Here I discuss free macro economic resources and what websites I use personally. The content was produced for my employer but it is likely applicable to many readers here too. Enjoy! For more on investing basics check out Investing for Beginners and Make the Most of Your Investments, or…

Continue Reading

Money Blogs

How to Research Stocks

How to Research Stocks Welcome to My Money Moves second video. Here I discuss how to research stocks and what websites I use personally. The content was produced for my employer but it is likely applicable to many readers here too. Enjoy! For more on investing basics check out Investing for Beginners and Make the Most of Your Investments. If…

Continue Reading

Money Blogs

Annual Financial Review and Goal Setting

As the year draws to a close, I have started my annual financial review and goal setting process for the year ahead. This is an important step in any financial planning. For me, the exercise helps me determine where my family’s finances stand and if adjustments are needed. It also gives me a clear picture of our current accounts and…

Continue Reading

Money Blogs

Make the Most of Your Investments

Introduction How do you make the most of your investments? Once you’ve mastered the basics, this is the next big question. In my experience, there are four main areas to consider to maximize your investments. This is true regardless of whether you’re a DIY investor or working with a financial advisor. In this article, we’ll take a look at all…

Continue Reading

Money Blogs

Power of Attorney

Understanding the basic tenets behind power of attorney is important for good financial planning. Here, we’ll explore what it is, why it’s important, and how it relates to other aspects of estate planning. What is power of attorney? Power of attorney, or POA, is a legal document or set of documents where you grant another person (called the agent of…

Continue Reading

Money Blogs

Writing a Will

Writing a will can be overwhelming, but it is an important foundation of good financial planning. In this article, we’ll take a look at why it is so important, how to get started, and what to consider when writing it. What is a will? A “last will and testament” is a legal document that explains how to divide your assets…

Continue Reading

Money Blogs

Investing for Beginners

Intro Investing is a broad and far-reaching topic, and one that can be completely overwhelming for beginners. Over the years, I’ve had so many friends and family members ask me how to get started. In this piece, I’ll try to break it down for you, and share the steps that I went through myself. What follows is a summary of…

Continue Reading

Money Blogs

Liquid Net Worth

Liquid net worth is an unfamiliar term for most people. Many know about net worth, but few understand liquid net worth, what it means, and why it is important. This article will explore the term and unpack its usefulness. What is liquid net worth and how is it calculated? While net worth measures the value of all the assets you…

Continue Reading

Money Blogs

How to Live on Less

Are you wondering how to live on less? A lot of people are these days. COVID-19 has resulted in record unemployment claims, and the economy is facing an ugly recession. Whether you’ve lost your job, had your hours reduced, or are just uncertain regarding your future finances, it never hurts to think about how to live on less. Below are…

Continue Reading

Money Blogs

Personal Finance and the COVID-19 Coronavirus

Introduction: COVID-19 is a real wake up call for how we should be managing our finances. Aside from the health impacts, COVID-19 may result in real financial hardship for many. Quarantines, school closures, and lockdowns could result in lost time at work and reduced incomes. In the bigger picture, employers may be forced to lay off workers and reduce staff.…

Continue Reading

Money Blogs

Building a Budget

If you’ve already started to track your spending, you might be asking, “Now what?” The answer is, “Now build a budget!” This blog post will go through the basics of setting a personal budget to help get you started. If you haven’t already, you can also check out the Tracking My Spending post, which goes hand-in-hand with this one.  …

Continue Reading

Money Blogs

Tracking My Spending

This blog post details how I go about tracking my spending, and why it’s important. Do you know how much you spend? It may be more than you think. Once you’re done, check out the Building a Budget post that goes along with this topic. Why is Tracking My Spending Important? Tracking your spending lets you see how much money…

Continue Reading

Money Blogs

Having an Emergency Fund

What is a financial emergency fund? A financial emergency fund is cash you’ve stashed away in case of unexpected expenses. It’s often the first line of defense in your financial safety net, and you can also use it as a source of money to pursue opportunities when they arise. Why is an emergency fund important? There is no telling what…

Continue Reading

Money Blogs

Net Worth 101

What is Net Worth? Net worth measures how much money you have. The formula for net worth is very easy: Assets – Liabilities = Net Worth Remember, assets are things you own, and liabilities are things you owe (e.g. debt). Here’s a simple example: If all you have is $10 in your pocket, but you owe your friend $3, your…

Continue Reading

Money Blogs

Why I Always Carry Cash

Learning the Hard Way: Why do I always carry cash? Way back when, in my first year of university, I was on my way home for Thanksgiving. It was my first trip after starting my undergrad. At the time, I was at school on Vancouver Island, and was taking a ferry back to Vancouver. Getting to the ferry using my…

Continue Reading

Money Blogs

Seven Financial Rules I Live By

Personal finance can be complicated. For me, I’ve found that simplicity serves me best. Here are some of the basic financial rules I use with my money: 1. Budget & Track Your Spending No matter what your finances are like today, they’ll probably be better if you start tracking spending each month and building a budget. This will let you…

Continue Reading