Why Do You Care So Much About Your Neighbours Income Levels?

THE TALK OF THE NEIGHBOURHOOD WILL BE YOU AT SOME POINT AND HERE’S WHAT YOU SHOULD KNOW   A good conversation starter often begins with the weather but in neighborhoods the neighbours talk careers, income levels and the business of everyone around them. Does money really make you happy if you have more than your neighbour does? For some of you reading this, YES and others not so much. There is peace of mind for some people knowing the income levels of their neighbours and for others it’s simply a war on who earns more and who gets the upper-hand on conversations. Have you ever driven down the street making your way home only to notice a congregation of neighbours chatting away. What are they talking about? Probably other neighbours, real estate or general gossip. Perhaps they are just friends planning the next get together but I’ve yet to run into many of those neighbourly conversations. Making more money than your neighbour may make you feel like the happiest person on the block but why do we care so much? You might tell yourself that you don’t and perhaps that is the truth but how often have you wondered what […]

10 Pointers When Considering A Pay Cut For Career Change

NEVER GET USED TO THE MONEY YOU EARN   If I asked you whether you’d leave your current job for a new job that comes with a pay cut, what would you say? Most people would be on the fence not sure what to do and others might drop everything and dive right in. There are lots of things to consider before making a career change and it starts with the financials.   There’s no way I would take a pay cut   Sometimes you may have no option whether you get a pay cut or not so before you dismiss earning less money remember you are owed nothing and can lose it all in an instant. Perhaps a better way to view a pay cut is that it would take adjusting to but eventually it will work out. What does it mean to take a pay cut? It is what it is, a pay cut. It means you get less money for a job you perform whether it be your current job, a new role with-in a company or a 360 degree role change into something entirely new. It happens every day and to be honest more people need […]

Yearly Banking Fees of $1000 Seniors Could Have Avoided : Net Worth Update 2018 March (+0.51%)

MONEY OUT THE WINDOW OR MONEY WELL SPENT- THE CHOICE IS YOURS!   You might be paying banking fees for every bank account you own whether it’s with the same financial institution or not. I know plenty of people who bank with several Big 5 banks and I’m not sure if they understand the costs of monthly banking fees and how it may be affecting their overall yearly savings power. Banking in Canada seemed fairly straight-forward to me when I arrived as a permanent resident. I was fortunate to set up my bank account at the time through President’s Choice Financial since my wife banked there but before I moved to Canada. It made life far easier for me especially when I needed to transfer money from my UK bank account to my Canadian bank account. What I loved about PC Financial what is now known as Simplii Financial Canada was that there were no banking fees. We didn’t have to pay for cheques either. If we had any issues we could make a phone call or visit any Canadian Imperial Bank of Canada (CIBC) for help. In total since I moved to Canada over 10 years ago now we’ve […]

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