This week we answer another fan question and talk about what to do when your income goes up significantly. Find out how to find new was to defer or deduct expenses, find new opportunities for even more income and how to protect everything you’ve worked towards.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Hey Margaret from the Facebook page… this one’s for you! This week we tackle the age-old question about mortgage pre-payments but with a twist. How does your strategy change between being a homeowner versus being a landlord, is it better to be debt-free or tax advantageous?

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Useful Resources:

CRA rate of return calculator: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/rental-income/completing-form-t776-statement-real-estate-rentals/rental-expenses-you-deduct.html

CRA Capital expenses examples: https://www.canada.ca/en/revenue-agency/services/tax/businesses/definitions-letter-a-business.html#Cptl_xpns

The less you spend the happier you are, or is it the more you spend the happier you are? This week we talk about the dark side of frugal living and the trappings of the FOMO movement, aka the fear of missing out on things, experiences or just falling behind your peers and neighbours. Learn how to determine what is truly important in your life and how to best manage your spending.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Useful Resources:

Average Canadian Wage Info: https://www.insurdinary.ca/average-income-in-canada/

We’re not going to charge it, no we ain’t going to charge it, we’re not going to charge it anymore! This week we talk about how to prepare for a 7 day no spend challenge so you can take back control of your finances. Be it the everyday things you spend money on or on the little things you have forgotten about that are lurking on your credit card statement.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Useful Resources:

FP Canada’s “Quiet Spend” survey: https://www.fpcanada.ca/news?Id=canadians-struggle-to-curb-unconscious-spending-habits-amid-rising-cost-of-living

Society has created an environment where people are chronically overstressed. This week we take a look at Cary Nieuwhof’s book “At Your Best,” and find out how to better manage and maximize our time so that the weight of stress is lifted off our shoulders by learning learn how to best use the hours in our day.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Useful Resources:

Cary Nieuwhof’s Podcast, The Art of Leadership: https://careynieuwhof.com/mypodcast/

With 2023 in full swing that means we’ve been inundated by mountains of opinions, charts and predictions on how the economy in 2023 will fair. So this week we wade through all of the information we've been receiving and distill it down to something usable for you. We will cover the expectations facing the bonds and stocks found in your funds and portfolio’s and how we feel the coming recession will impact Canadians, spoiler alert: less doom and more gloom!

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Thirty Helen’s agree 57.6% of the time that the average Canadian misunderstands their finances 40% of the time, so it’s best to order a new credit card to make life easier. Wait what are we talking about again, oh, that’s right. This week we talk about Darrell Huff’s classic book, “How to Lie with Statistics.” Learn how to better protect your wallet by understanding all of the tricks of the marketing trade used to influence your decision making and to accept what they say as cold hard facts.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Four out of five Dogtors agree that it's best to keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

We have a love hate relationship with mortgages, they allow us to buy a house (or 4), but they hang over us like a dark cloud of interest payments and a 20+ year obligation. This week we talk about the in's and out's of mortgages in this already crazy time of 2023. Is fixed or variable better? What is amortization, how does it impact your finances and so much more.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Useful Resources:

Christine's book "The Debt-Free Lifestyle": https://a.co/d/h7n3kll 

We're back for another year of podcasting about personal finance in Canada! This week we have our gratuitous talk about New Year's resolutions and how they can actually work and become a positive impact in your life and finances. Learn how to prioritize your goals, deal with the post-Christmas credit card shock and other tips to help you start the year 2023 off right.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada