Can I afford a second home away from Canada?
The amount of the mortgage loan depends on the lender’s assessment of your borrowing capacity, which determines the affordability of the house you can purchase. The 29/41 Rule for Home Affordability The 29/41 rule advises limiting housing expenses to 29% and total debt payments to 41% of your gross income, guiding lenders in evaluating mortgage […]
Investing in Yourself: The Key to Unlocking Financial Success through Personal Development
In the pursuit of financial success, many individuals focus solely on traditional investment strategies such as stocks, bonds, and real estate. However, one of the most overlooked yet powerful investments one can make is in oneself. Personal development plays a pivotal role in shaping not only our professional capabilities but also our mindset, habits, and […]
What is the difference between Net worth vs. liquid Asset?
What is a liquid asset? Just as a liquid is easier to drain than a solid, a liquid asset can be drained more easily than a fixed asset. “A liquid asset is anything that can be easily converted into cash,” Craig D. Allen, president of Allen Wealth Management in Santa Barbara, California, said in an […]
Exploring the Future of Housing: Real Estate Trends You Need to Know
The real estate market is a constantly evolving field, influenced by a variety of economic, technological, and social factors. In this article, we will explore in detail some of the most prominent trends shaping the market in 2024, supported by verifiable data and expert analysis. 1. Rise of Secondary Cities: According to a recent report […]
Investment Options in Real Estate
Investing in real estate is always a good investment opportunity. Here are the options available to you based on your budget and preferences: Direct Real Estate Purchase: Depending on the type of property you buy, you can invest anywhere from USD 50,000 to USD 2,000,000. The challenge lies in the capital you have available to […]
Navigating the World of Money: Keys to Successful Personal Finance
Money plays a crucial role in our lives, impacting not only our basic needs but also our aspirations and quality of life. Learning to effectively manage our personal finances is essential for building a solid financial future. In this article, we will explore key aspects of the world of money and provide practical tips for […]
From Banking Hours to Anytime, Anywhere: The Rise of Digital Finance
In today’s digital age, new generations of consumers are leading a revolution in how they access and use financial services. The growing demand for real-time and accessible financial services from anywhere has driven a significant shift in the consumption habits of digital customers. In this article, we will explore how these transformations are shaping the […]
What is nearshoring and how does it benefit Mexico?
Nearshoring” refers to the practice of a company transferring its business operations or services to a nearby country, often one that shares a border or is in close geographical proximity. This strategy is adopted to take advantage of lower production costs, favorable business environments, and proximity to the company’s home country. Following the disruption caused […]
The rising expenses in Canada are causing a unique shift in immigration patterns.
Instead of people coming into the country in larger numbers, there is a noticeable trend of individuals choosing to leave. The high cost of living, particularly in terms of housing, is prompting newcomers to reconsider their plans of settling down in Canada. Despite the country’s efforts to attract more people, the challenging financial landscape is […]
Financial Empowerment: Navigating Life Transitions with Smart Money Moves
Life is a series of transitions, each presenting unique financial challenges and opportunities. In this guide, we’ll explore how strategic financial planning can empower you to navigate significant life changes successfully. From career shifts to family milestones, discover smart money moves that align with your aspirations and secure your financial future. Whether you’re switching careers […]