Category: Riches & Rags

When you borrow money, coming up with a solid repayment plan is a smart step toward financial stability. Whether it’s a loan, credit card debt, or any other borrowed amount, having a clear repayment strategy helps you stay organized and on track. Crafting a repayment plan after borrowing money involves organization, strategy, and commitment. Setting […]

Choosing a credit union has many advantages compared to traditional banks. Credit unions stand out as institutions that care about their members’ financial well-being and satisfaction, making them a great choice if you seek a more personalized and community-driven banking experience. From member ownership and not-for-profit status to community focus and personalized service, credit unions […]

The rise of family offices has been attributed to shifting economic forces, market trends, and the increasing complexity involved in managing high-net-worth family wealth. In the face of a globalized society, commerce, and regulation, many families with significant wealth have struggled to adapt independently. They rely on family offices to advise and make the necessary […]

If you’ve reached fifty and have been unable to save much for retirement, you may be concerned about how you will support yourself after leaving the workforce. Rest assured that no matter your age, saving is never too late. It might not be possible to change the past or how much you have managed to […]

Buying insurance is one of the most important decisions in your adult life. In fact, there are different stages to the insurance-adulthood connection. Auto insurance can be viewed as something you do in your 20s, then home and life insurance are what you obtain in your 30s, and long-term care insurance is something you think […]

Despite its often dubious reputation, the foreign exchange market is a fairly straightforward, decentralized, global market for the trading of currencies. Determining the foreign exchange rate, it includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of volume, it is by the far the largest market in the […]

If you are in the early stages of starting a company, you know the importance of having cash on hand. From payroll to rent to material costs, there are plenty of reasons you’ll need money available, often on short notice. As your business grows and the bills roll in, you’ll quickly realize that your company […]

One of the biggest complaints that business people make is trying to keep their cash flow even. When customers use credit, business owners have to wait for their payments in order to free up more cash for important purchases, expansions and other business decisions. Traditional ways to get around cash blocks and cash shortages include […]

The travel industry is nothing short of humongous. Almost every single day, you will see a seemingly never-ending passage of travellers moving from destination to destination. Within this industry, some things can vary, while others may not. One of the main things that can be considered a combination of those two factors? Currency.

Payday loans have become a necessity for a lot of households in recent years. With the coronavirus pandemic decimating the national economy and negatively impacting millions of Canadians, payday loans might be more important than ever before. Although the industry has been given a black eye by the mainstream press, the financial product can be […]

Regardless if you spend a lot of money or not, you’re likely to have financial obligations you must meet. Some of these financial obligations may range from making car payments to keeping a roof over your head. You need to find effective ways for you to lower the costs of your day-to-day life. Keeping your […]

A guaranteed investment rate (GIC) is a type of investment where you agree to lend a financial institution a specified amount of money for up to 10 years. When the term ends, you receive the money back plus any interest that was earned within the time period. It is considered a low-risk investment because you […]