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Should I Convert My Variable Rate Mortgage to a Fixed Rate Mortgage?

By Kevin

Chart of variable mortgage @ 2.30% versus a fixed rate mortgage @ 2.99%, 4 years, interest payments. Variable rates increase by 100 basis points per year

With recent bank promotions of 2.99% fixed for four years (some even for five years!), there have been a lot of discussions on whether it’s a better deal to go for a fixed-rate or not. What do you think? Better to go for a fixed-rate, or a variable-rate? In this post, I’ll compare both scenarios,… [Read More]

Filed Under: Growing Your Wealth, Paying Down Debt, Real Estate, Saving Your Money Tagged With: Basis point, Canada, Fixed interest, Fixed rate mortgage, Floating interest rate, Interest rate, Mortgage loan, mortgages

How to Get Out of Student Debt

By Guest

The following is a guest post from Marissa at Thirty Six Months where she talks about getting rid of her student debt and becoming financially independent. It is very unusual to find a graduate student in their 20’s these days without a mountain of debt, regardless of whether they worked through university or not. I… [Read More]

Filed Under: Growing Your Wealth, Investing, Miscellaneous, Paying Down Debt, Philosophy, Saving Your Money, Stories

The 3 Stages of Financial Freedom

By Kevin

Last week, I talked about the three stages of financial despair. We all want to get out of the rat race, but before we get there, we need to get out of the hole and onto level ground. Financial freedom Financial independence is one of my life-long dreams. I don’t really believe in the “traditional… [Read More]

Filed Under: Economics, Growing Your Wealth, Healthy Living, Investing, Market Analysis, Miscellaneous, Opinion, Paying Down Debt, Philosophy, Precious Metals, Saving Your Money, Stories Tagged With: business, finance, Financial freedom, Financial independence, Financial Services, personal finance, rat race, Saving, wealth

The 3 Stages of Financial Despair

By Kevin

The road to financial independence isn’t always smooth and straight. There can be stumbling blocks along the way, and it’s also possible to end up on the road to financial despair. How do you know if you are on the right road? What are the three stages of financial despair? Neutral stage The neutral stage… [Read More]

Filed Under: Miscellaneous, Opinion, Paying Down Debt, Philosophy, Saving Your Money Tagged With: business, Credit card, debt, finance, home, personal finance, Snowball effect, time

What Debts and Bills Should You Pay First If You Run out of Money?

By Guest

The following is a guest post by Frank Collins. Most people run into financial difficulty at one time or another, when the money they have just does not stretch far enough to pay for all of the bills and expenses. Unfortunately, there is a tendency for these difficult times to snowball especially during more difficult… [Read More]

Filed Under: Opinion, Paying Down Debt, Saving Your Money Tagged With: Credit card, debt, debt consolidation, Loan, money, Payment, personal finance, Unsecured debt

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About Invest It Wisely

Invest It Wisely is about evaluating the choices that each of us face everyday. It’s about investing your time, your money, and your energy wisely, in order to achieve your goals. The end goal is maximizing your life expectation, and exploring the ways to get there.

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