Ready...Set...Money

For many of us, the decisions we make about what to spend our money on are our most direct participation in the world of finance.

Control over what we buy can sometimes feel like the only control we have, even if that control is limited by how much income we have and what the basic necessities of life cost.

Show notes & resources at https://readysetmoney.ca

Life expectancy is math. It’s a number that comes from how long other people have lived in the past, and it describes how many more years you might live from today. It’s important for financial planning, but it’s even more important for changing the world.

Updated to fix audio (thanks for the h/t John!)

Life expectancy is math. It’s a number that comes from how long other people have lived in the past, and it describes how many more years you might live from today. It’s important for financial planning, but it’s even more important for changing the world.

Credit histories and scores seem like a logical and inevitable part of our lives, and knowing how to build and improve your score is critical to your financial wellbeing. But just because it’s critical doesn’t mean it’s fair or that it says anything important at all about you.

Season Two of Ready…Set…Money is coming soon, and this season we’re looking at our money as a system - how everything about your finances touches everything else.

We’ll zoom in on smaller, individual systems and zoom out to look at bigger systems that feel invisible but impact us every day.

Watch for Season Two to drop in August.

If your basic needs are being met, and you have more than you need to get by, you have the luxury of deciding what to do with that extra money.

This is important, because–as the saying goes–you can have anything, but you can’t have everything. You have to decide what you want, and you have to decide what you’re willing (or not willing) to do to get it.

Show notes and resources at https://readysetmoney.ca

Whether you’re just starting out, or you’ve been investing for a long time, it’s important to know how much you’re paying to invest, and decide if it’s worth it.

Transcript, show notes, and resources at https://readysetmoney.ca

If you are eligible for the Disability Tax Credit, you can get up to $70,000 from the federal government by opening and contributing to a Registered Disability Savings Plan, and if you have low or no income, you can get up to $20,000 without having to contribute a single penny, just by opening an account.

Show notes and more at https://readysetmoney.ca

It can be intimidating and pretty scary to buy a home for the first time, not to mention pants-wettingly expensive. Squeezing every last tax-free dollar out of registered programs like the First Home Savings Account is worth doing.

If you have extra money that you can afford to save for your first home, or even if you don’t own a home and never will, this episode is for you.

A Defined Contribution Pension Plan is a mash up between a Defined Benefit Pension Plan and an investment account. Very little about it is guaranteed, so knowing how it works (and how it doesn’t), is the best way to get the most out of it.