I write about business, entrepreneurship, money, credit, mortgages, retirement, and financial planning for American and Canadian audiences. I also read, parent, homeschool, and travel. A lot.
If you’re a Canadian entrepreneur feeling uncertain about retirement, you’re not alone. According to a recent poll, 42 per cent of small business owners say they’re “unsure about their retirement planning.”
And that’s understandable. You don’t have a company pension, but you do have the financial responsibility of growing a business. So what’s an entrepreneur to do?
There are various retirement savings decisions to make. These can include:
Selecting where and how to invest
The average student loan debt for the class of 2017 was $39,400.
Budgeting and student loan consolidation can be a huge help for people in debt.
So you’ve just graduated, or you’re about to, and it feels good to be finished with college or university. If you’re among the approximately 44 million Americans who have debt from student loans, however, you might want to address your student loan debt situation before getting too comfortable with your post-education freedom.
Here’s a step-by-s...
This article was updated on September 11, 2018.
Retirement planning for millennials might not seem like a task that needs to be immediately addressed, but it's something that's likely on the minds of anyone between the ages of 20 and 37. Sixty-eight percent of millennial respondents to a 2015 study by the Insured Retirement Institute (IRI) and the Center for Generational Kinetics (CFGK) said they save for retirement. However, only 29 percent said they're actively planning for it.
If you emplo...
Did you get a tax refund this year? If so, you may want to think twice before heading out the door on a spring spending spree! Applying your tax refund to outstanding debt or savings may make better financial sense.
Here are 5 ways to make your tax refund work for you:
1. Pay off your credit card
If you carry a balance and pay monthly interest on a credit card, you aren’t alone – many Canadians don’t pay their credit card balances off in full each month. If you get a refund this tax season, u...
Is a joint mortgage part of your newlywed finances if one of you already has a mortgage before you get married? Here's what you need to know.
For most people, marriage is some combination of wonderful, confusing, and completely terrifying. That's not a judgment. Marriage is a big life change, and of course you're going to stress out about it! In fact, that may be why more Canadians are tying the knot later than ever before.
When it comes to money, waiting to get married means you both have a ...
Am I required to offer it? And if so, just how much paid time off are my employees entitled to? What are other companies of my size offering?
“I opted for a PTO system with my law firm,” says Jesse Harrison, founder and CEO of the Employee Justice Legal Team, a law firm that practices employment law and labor law matters. “Worthwhile PTO policies and a healthy relationship with your employees is the key to a positive workplace.”
When it comes to the crossroads of small businesses and paid tim...
Hiring the right employees at the right time has a huge impact on whether a growing business can make it in the long run, but many small business owners have little to no hiring experience. The first person they’ll ask to work for their business will be the first person they’ve ever hired. And to be successful long-term, these same entrepreneurs will eventually need to hire a whole host of employees with various skill sets and roles to support their operation. Unfortunately, there are some co...
Thinking of starting up a new business? Great!
In your excitement to launch and market your product, hire staff, secure financing, and set up your website or shop, it’s easy to miss or misjudge a few important startup costs. Yet neglecting these often-overlooked expenses could result in a cash crunch before your business even gets off the ground.
Don’t forget to budget for these six small business startup costs.
1. Business Insurance
While you hope nothing goes wrong when you’re launching a n...
Whether you’re a seasoned investor or a novice, you’ve likely heard of Warren Buffett, billionaire CEO of Berkshire Hathaway and world-famous investor. Investors want to know how the Warren Buffett portfolio continues to thrive through good economic times and bad — and even as interest rates sit at historic lows.
And now, negative interest rates are a possibility, as Federal Reserve chair Janet Yellen said in a February 2016 Congressional Hearing. With these five tips from Warren Buffett, you...
Today’s freelancers, work-at-home moms, and small business owners have more choices than ever when it comes to accounting and bookkeeping services. Gone are the days when you needed to collect your scrap receipts in a shoebox and deliver them to a professional bookkeeper each month.
The recent explosion of online cloud-based applications has widened the selection of easy-to-use, inexpensive, and even free online bookkeeping options for businesses of all sizes. However, wading through the feat...
Watch out for these fire hazards in your home. Being aware of the risks is the first step to prevention.
How many preventable fire hazards are hiding in your home? If you’ve heard of a house fire caused by a careless mistake or thoughtless act, you may have thought, “That’s awful — but it could never happen to me.” The truth is, there are many potential causes of house fires that homeowners often overlook.
Here are eleven sneaky fire hazards that may be hiding in your home:
1. Unattended Cand...