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When is a Side Hustle Really Worth it?
By Ryan Goldsman, CFP®, PAIP®
Side hustles often sound attractive to those who are unhappy with a part of their lives. The extra money is definitely appealing to those facing a cash crunch, or may have a few weddings to attend in the next year, but it’s not always that clearcut.
The Long and the Short of It
Why Wine Tastings can be Good for your Budget
By Ryan Goldsman, CFP®, PAIP®
This past weekend, I was lucky enough to be invited to a friend’s home for a wine tasting, followed by dinner. In total, eight people were invited (four couples), and the requirement was for each individual to bring a bottle of wine, preferably red, between $20 and $30. In total there would be eight bottles.
When Higher Interest Rates are Profitable
By PAIP Canada staff
After an eventful 18 months, many Canadians are starting to fear their mortgage renewals. Higher interest rates mean higher borrowing costs and higher monthly payments. In Canada, there are very few mortgages that go beyond the standard 5-year term.
Who Really Bears the Brunt of Inflation?
By Ryan Goldsman, CFP®, PAIP®
In August of 2021, Canada’s inflation crossed 4% for the first time in a long time. What that means is that when comparing a basket of goods from August 2020 to August 2021, the cost of the same basket of goods increased by a rate of 4.1% (to be exact). But there’s more; the fun didn’t stop there. Instead, inflation continued its upward trajectory to hit a high of 8.1% in June of 2022, and came in at 6.8% for the 2022 calendar year.