Index Funds – Sample the Whole Market With One Click

a picture of a dollar sign versus a cents sign

Index funds are the foodie equivalent to a tasting menu. This balances your chances of getting stocks that increase in value as you have a little of everything. And index fund mirrors the whole market so when you hear on the news the markets are up chances are your index fund is also up. Rather than worrying about which company to invest in an index fund opens up the whole Canadian market. Need an extra bonus? Index funds are passive so they have lower management fees.
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Spend Now… Pay a Lot Later – Debt

A bill with an overdue waring

Debt – borrowing money so you can buy today what you can’t afford on your own.

If you don’t have money to buy an expensive TV now you likely wouldn’t have that money in 30 days when your credit card payment is due. Now you are not only paying for the TV but also paying to borrow money to buy that TV. These payments are making someone else rich and preventing you from saving. Pretty easy to agree this is something to avoid when trying to save.

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