J.Ford Financial Newsletter

We all say it.  Some variation of "I need to make more money".  It often starts out as "if only I made more money, I could..." and then you insert your desired situation "save for retirement, get a bigger house, afford a vacation".  It's natural to focus on income when you're feeling strapped for cash but how about the other side of the equation - what you're spending.

The majority of the time people cannot control their income greatly. Yes, you may be able to work more hours or take on a se...

You bought a house or you’re renewing your mortgage at the bank. This means signing a litany of documents and amongst them a mortgage insurance application. Usually this is a one page form with a few medical questions and the monthly premium at the bottom. You’re in a daze of paperwork and of course the security of mortgage insurance seems to makes sense, so you sign at the bottom of the page. Done deal, right? Think again. Cred...

After years of saving a couple hundred dollars of each pay cheque into an RRSP you’ve got quite a bit of money accumulated. When your retire the Canada Pension Plan and Old Age Security will cover your basic needs, but your RRSP will allow you to actually enjoy your retirement: travel, relaxation and hobbies hobbies. Unless you got sick and I mean really sick like cancer or suffering a heart attack.

Suddenly you are off work. Your ...