Money – it’s something we all use every day, but rarely think about, except to lament that we don’t have enough of it.
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Tag Archives: money
America Is Richer Than We Think
As mentioned earlier, the US Commerce Department will soon release recalculated GDP numbers that will reclassify “intangible” asset spending as investment, particularly research and development spending. Also, as Bloomberg BusinessWeek notes, “intellectual property, original works of art such as films, music, and books will be treated for the first time as long-lived assets.”
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Canadians wish they’d talked about money before marrying
Most married Canadians regret not discussing their financial situation with their partner before their marriage, according to a survey released today by BMO Wealth Planning Group.
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ENOUGH MONEY TO LIVE UNTIL WE DIE
What is our biggest fear? Embarrassment? Death? Public speaking? According to an Allianz Life Insurance poll, the greatest fear of older Americans is outlasting their savings. We fear living longer than our bank accounts by a margin of 22
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Alberta economic snapshot for June 29, 2013
CALGARY, AB, Jun 29, 2013/ Troy Media/ – Employees in Alberta are known to be hard workers. Not only do Albertans participate in the labour market in greater proportions, they tend to work more hours per week than employees elsewhere. But on the measure of weekly hours of work, one other province now takes top spot.
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The best tax advice you’ll ever receive
CALGARY, AB, May 25, 2013/ Troy Media/ – Recently, a long-time colleague of mine sent me a link to some promotional material that a charitable tax shelter had recently distributed. The material was trumpeting a “win” in the Federal Court regarding a procedural matter for a taxpayer involved in a charitable tax shelter. To celebrate the co-called “win,” the tax shelter was offering a discount, for a limited time to subscribers of its latest offering. As I read the material, my stomach turned because, for those of you who know me, I despise charitable tax shelters.
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Chris Hadfield phones home to help unveil Canada’s new plastic money
OTTAWA – Chris Hadfield phoned home to help unveil Canada’s new plastic money.
The Canadian astronaut commanding the International Space Station made a cameo via satellite Tuesday as outgoing Bank of Canada governor Mark Carney and Finance Minister Jim Flaherty introduced the latest in polymer currency.
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With one-cent coin to retire early next month, is nickel next to go?
OTTAWA – As the penny is set to begin retirement next month, there are already calls to put the nickel out to pasture as well.
The Royal Canadian Mint starts collecting one-cent coins on Feb. 4 for melting and recycling of the metal content, with some six billion pennies expected to be surrendered by Canadians over the next six years.
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The best “investment” of all
Many people worldwide have acquired great wealth through different methods and the question sometimes comes up as to what the best investment of all really is. The answers range from gold, real estate, colored diamonds to futures, stocks and intellectual property. There are pros and cons to every investment and there is no one size fits all which works for everyone at every time.
In my case, I used to believe that mutual funds were the answer. I then changed my mind to real estate, then business. I have met many investors who have weighed in their opinions on this matter and against all the odds, I believe I have found the ultimate investment which will stand the test of time worldwide.
The greatest investment of all is in educating yourself about money. The vehicle you choose is not as important as how you empower yourself. If stocks interest you, then attend a seminar and network with those who are like minded. Your network is your net worth and can greatly expand your horizons.
I did not know how to balance a checkbook until I was 30 and that basic bookkeeping knowledge (which I had procrastinated for 15 years in learning) has assisted me to this day. If it wasn’t for my initiative to learn that tried tested and true knowledge, I would still not be able to form a budget.
Educate yourself and keep expanding to truly have the greatest investment of all!