Should You Cut Your Children’s Allowance in a Recession?

I suppose a better way to frame that question is: Should you cut your children’s allowance in a recession even if your income may not have been affected?
I’m looking for opinions and comments on this because I don’t know the right answer, but I’m inclined to think that depending on the age of your spawn [...]

The Credit Crises Explained For Beginners

My brother found this link and shared it with me, so in turn I thought I would share it with you. This is a 10 minute video (embedded below) that attempts to explain the crisis of credit from absolute scratch. It does a fairly good job and is certainly worth a view. Enjoy!

The Crisis of [...]

Fee-Only versus Fee-Based… Continued

Below is an excerpt from an email I received from a financial advisor who regularly reads this blog. His comments were in reference to last week’s post which highlighted a few sources for finding a fee-only investment advisor or financial planner:

Regarding fee-only advisors, I really hope you will highlight Jonathan Chevreau’s comments which were [...]

How Much Of An RESP Should Be Invested In Fixed Income?

With all the suggestions for topics to write about (as part of last week’s contest), I thought I should start putting a dent into some of them. Invariably, I won’t get to answer all of them in a timely fashion but I’ll do my best.
One question came from DJ, who asked:
Do you have a rule [...]

$700,000,000,000

A person earning $35,000 per year would need 20 million years to earn $700 Billion.
$700 Billion would effectively wipe out Canada’s national debt (and then some).
$700 Billion could provide universal healthcare in the US for those without coverage (most).
$700 Billion is more than the cost of the Vietnam war.
$700 Billion would buy 233,333 super bowl [...]

The Benefits of a Professional Executor

Today is a group writing project conducted by a few blogs on the topic of estate planning. I’ve written about The Benefits of a Professional Executor today, but the following bloggers have written articles about estate planning as well please feel free to check them out:
The Quest for Four Pillars wrote: “My last will and [...]

Dying Intestate with No Living Blood Relatives? Your Estate Goes To The Government

There are many Canadians who don’t update their will and estate plans on a regular basis or upon significant life changes, but even worse there are those of us who do not have a will at all! I thought I would point out that if you die intestate (without a “last will and testament”), and [...]