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Let’s talk our favourite acronyms! RRSP
Registered Retirement Savings Plan (RRSP) - let’s cover the basics as to what it is, why you may or may not need it and how it helps you.
Investing vs Saving
Investing vs Savings
Should you be investing or saving? Should you do both at the same time or just one? Short answer: you should be doing both as there is a time and a place for both!
The Effect of Time
An important thing to keep in mind when planning for your financial future is the effect of time.
If you start investing now rather than waiting a decade or 2 can help you significantly in the long run. Evaluating two different scenarios, one with a retirement goal and the second with a monthly investment goal.