Most Canadians, around 66%, own the homes they live in and owe over $1.5 trillion in mortgage balances. Despite mortgages being this common and widespread, they’re poorly understood by many. And it’s not their fault. Mortgages are complicated, by design. They’re not meant to be easily understood by the average person. Luckily, the internet has […]
How do Mortgages Work in Canada? Read More »
Americans owe almost $1.5 trillion in car debts, which is 9.4% of all consumer debt, and equal to the nation’s student debt. That’s a massive amount, but it’s not necessarily bad to have car debt if you’re aware of the costs of car financing and can afford it. That being said, lots of folks are neither, which
Car Financing Explained: Understanding the True Costs Read More »
Your FICO score is just a 3 digit number, usually between 300-850, that impacts your long-term quality of life. Banks and lending institutions primarily use your FICO score to decide whether to lend to you, and if so than on what terms. Naturally, the worse your FICO score, the worse deals you’ll get on mortgages
How to Get a 760 FICO Score With Credit Cards Read More »
Few things are as terrifying as inflation. It eats away the value of your savings, and it’s currently making life difficult for most people. Worst of all, it could even reduce your investments to nothing if you’re not careful about which ones you pick. Not all investments are equally affected by inflation. Some are devastated
Which Assets Should You Buy During High Inflation? Read More »
Python is excellent for building complex financial models. The language can form recursive functions, unlike spreadsheets like Ms. Excel. You also get version control and peer review with a Python cash flow model. Again something that Excel can’t provide. Plus Python is also one of the easiest programming languages because it was designed to mimic
How to Use Python to Build a Cash Flow Model? Read More »
More than 95% of small American businesses close down after just 5 years. Of these, 85% fail because of cash flow problems. The plain fact is that in the face of such difficult market conditions, your business can’t afford to not optimize its cash flow. Everything from how early you pay your vendors to how much leniency you give
Cash Flow Optimization: Managing Risk for Small Businesses Read More »
Return on investment (ROI) and return on asset (ROA) are both common metrics used in personal and business accounting. You’ll find both metrics on income statements and other financial statements. While both ROI and ROA help measure a company’s performance, they have multiple key differences. The difference between both is in what they measure. ROI
ROI vs ROA: How do they impact business profitability? Read More »
Investment is all about identifying the right place to put your money in. Unfortunately, you can’t time travel and learn which ventures succeed. So you’ll never truly know whether an investment decision was right until after you make it and see what happens. That said, you don’t have to shoot in the dark and hope
How to use capital budgeting to make investment decisions Read More »
