Why do you need spare cash to cover emergencies? Won’t the government take care of you? Aren’t there others watching out for you? Well, not always. Today, just like at every point in history, the person most motivated to care about you is yourself, and sometimes, a bit of spare cash can make a world… [Read More]
Why I Wish I Controlled My Pension
The following is a post by staff writer Teacher Man. This is his first post for Invest It Wisely; please join me in welcoming him to the site! There has recently been a spate of articles on the internet about how jealous people are of public sector “gold-plated pensions” in Canada. I’m fairly certain that… [Read More]
An Archive of the Lost Comments from Guest Commentators
I have now switched back to WordPress comments from LiveFyre (see Weekend Reading: Snow Storm Edition to learn more); unfortunately, some of the comments have been lost along the way. A nasty bug in LiveFyre prevented these comments from getting posted back, and I cannot seem to resync them. LiveFyre’s support has been great, and I have nothing… [Read More]
The Importance of Buffering Your Life
One of the things that attracted me to personal finance and economics is just how many parallels that can be drawn between personal finance and life. There are so many lessons that we can bring over from one sphere to the other. Do you really need an emergency fund? An important lesson that I have… [Read More]
Sudden Bankruptcy Syndrome – When You Blow All Your Money Fast
The following is a guest post by Tino, a lottery blogger. The pursuit of happiness. The American dream. It usually involves money. Lots of it. Yep, we associate money with a great life. Do you dream about being rich? I know I do. But, you know what P. Diddy says about money? He says, “mo… [Read More]
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