In this post, I talk about where lawyers can put their money for short-term savings goals e.g. down payment, vacation, vehicle, an emergency fund, and new suit. There are options when it comes to where you can store your money when saving for a short-term goal. You can invest it, put it in a…
I learned about financial independence through a chance conversation with a friend. In this post, I share my discovery of financial independence, learning how to invest and pursuing my passion for personal finance. The following is a guest post by Mr. OYP (“Owning Your Profession”) who posts on this site from time to time. …
This post may contain affiliate links. For more information, see the disclaimer policy here. The below post is written with young lawyers in mind (as I can only speak from experience), but I think it applies to many other professions. Also, full disclosure: Ms. OYP and I have made many of the mistakes below…
This time of the year is a great time to sit down and look at your finances. I like to set aside a few hours and look at my last year’s budget, expenses and savings and then forecast my next year’s finances / goals. I get it that some people would rather pull out…
The following is a guest post by Mr. OYP who will be posting on this site from time to time. The stock market. To some, that evokes images of people in coloured jackets waving papers in the air and shouting buy and sell orders on the floor of the stock exchange. To others, it…
The following is a guest post by Mr. OYP who will be posting on this site from time to time. Here in Canada, we have two great options available to us to save for our futures / retirements. These savings vehicles are the TFSA (Tax Free Savings Account) and the RRSP (Registered Retirement Savings…