Traits of the Wealthy: Discipline and Consistency

Key attributes to achieving financial success and creating wealth for your family are 1) discipline and 2) consistency. Its not luck or good fortune. Its not winning the lottery or inheriting money. It isn't spending on posh cars and clothes. Its the ability to be financially disciplined on a consistent basis. Financial discipline comes in … Continue reading Traits of the Wealthy: Discipline and Consistency

TFSA vs RRSP

In a recent Financial Post article, "Are RRSPs really work it? The answer may surprise you" linked below, the author gets into the math of compounding with pre and post tax investments. Its an interesting exercise to see how best to grow net worth and tax implications for your heirs. https://business.financialpost.com/personal-finance/retirement/are-rrsps-really-worth-it-the-answer-may-surprise-you The trouble with using … Continue reading TFSA vs RRSP