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How to Use Fear to Manipulate People

By Kevin

What is fear? Why do we experience fear, and how does it affect us? Well, fear is quite simply one of the most basic and primal emotions that we are capable of experiencing. Most animals share this emotion with us, from mice to men. Fear is the drive that takes us away from danger, and… [Read More]

Filed Under: Avoiding Scams, Opinion, Saving Your Money Tagged With: active management, bond yields, bonds, deflation, dollar cost averaging, emotions, fear, fixed rates, home ownership, inflation, interest rates, manipulation, market timing, mortgages, mutual funds, variable rates, warranties

Why Should I Buy a Used Car?

By Kevin

When I first started driving, I drove a real beater car; one of those 80s American cars. The power steering didn’t work too well, the passenger side floor had a hole in it, and the head gasket blew after only a few months of driving. After repairing that, one of the pistons melted, and after… [Read More]

Filed Under: Growing Your Wealth, Opinion, Saving Your Money Tagged With: car ownership, depreciation, used cars

Becoming a Rich Man (or Woman)

By Kevin

Today, it is time to wrap up my review of “The Richest Man in Babylon” (Amazon affiliate link to the revised edition). Previously, I talked about getting started on the path to wealth, and seven wealth building strategies which will help you out on that path. The lessons taught in these posts are expounded in… [Read More]

Filed Under: Book Reviews, Growing Your Wealth, Healthy Living, Investing, Opinion, Philosophy, Saving Your Money Tagged With: Babylon, money, motivation, personal growth, riches, savings, self improvement, wealth

Have a Lump Sum? Should You Pay Off the Mortgage Faster or Invest It Instead?

By Kevin

I have recently been considering buying a property (yes, even with the still-high real estate prices up north) since I have been renting for many years now and our rent is quite expensive, and no need to risk losing money and having to borrow or get online payday loans. We have managed to save enough… [Read More]

Filed Under: Growing Your Wealth, Investing, Opinion, Real Estate, Saving Your Money Tagged With: debt, home ownership, interest rates, mortgages, planning

Fixed Rate and Variable Rate Mortgages: Which is Better?

By Kevin

Chart of the interest saved over 5 years for the first 5 years of a 25 year amortization by selecting a variable rate instead of a fixed rate.

With the recent “scary news” coming from economists and the Bank of Canada, it appears that interest rates will start going up this summer. Indeed, as I showed in Interest Rate Mania: Where is the Housing Market Going?, interest rates are at historical lows and it wouldn’t be prudent to expect them to stay this… [Read More]

Filed Under: Market Analysis, Real Estate, Saving Your Money Tagged With: home ownership, housing bubble, inflation, interest rates, mortgages

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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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