Tuesday, November 30, 2010
Monday, November 22, 2010
RRSP vs. TFSA
Is one better than the other?
It really depends on who it is for and what they are looking for.
If you are looking for an immediate tax break then maybe an RRSP is better but maybe it would benefit you in the long run if you didn't have to pay taxes on your withdrawals from a TFSA, see it all depends on what you are trying to accomplish short and long term!
Check this out
RRSP vs. TFSA
Wednesday, November 10, 2010
This just shows you how much interest you will save if you do not have a car payment!
http://www.daveramsey.com/media/flash/elearning/drive-free/player.html
Sunday, November 7, 2010
The rule of 72
The Rule of 72 says that your money will
approximately DOUBLE at a specific point in
time, which can be determined by dividing 72
by the percent of interest that your investment
earns!Dave Ramsey's example of Ben and Arthur both getting a 12% rate of return until age 65
The earlier you start the better! When time is on your side it could make you millions!
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