Sometimes there are situations in life where you want to increase your cash flow. These can include an emergency, a desire to continue your education or renovate your home, or make a big purchase such as more real estate or a vehicle. Loans or lines of credits are popular options but sometimes the interest rates on these are not favourable or lenders may not be able to provide the amount that you need.
As a result, some homeowners choose instead to take out a second mortgage on their homes. This consist of borrowing against the equity of your home, providing you ...
Bankruptcy is not an anomaly. It happens all the time to hard working Canadians who have been victims of circumstance. In fact, in 2016, more than 125,000 Canadians have been subjected to hard times, whether it was because they were inflicted with Mephistophelean consumerism or they lost a job and relied on credit to get by.
Let’s be honest: bankruptcy is never easy. No one will argue this fact. It is a bitter, heart wrenching, and arduous process that can make you feel as tiny as a bug.
One way to ensure you’re not going through this stressful affair alone is by ...
How to Make Passive Income?
Passive income opportunities require very little engagement from the person who is earning the income. When you're equipped with the knowledge of how to successfully produce passive income, you have the key to financial freedom. The professionals at Entrepreneur advise that over time you can build a substantial income from pursuing passive income opportunities. With the ideas listed below, you could make passive income upto $100 a day!
Forms of Passive Income
According to Investopedia, the field of passive income is becoming broader with time. So, don't fret if you don't have a lot of money to invest ...
It is true that interest rates are going up as the Bank of Canada (BOC) begins to gradually normalizing the overnight rate. This means that the average depositor will notice better returns on their cash deposits, term accounts, and savings.
However, when compared to the 1980s and 1990s, the returns are still pittance. You might be thinking that there must be some better way of getting your money to work for you without having to dip your toe into the Toronto Stock Exchange or the New York Stock Exchange.
There is and it’s called guaranteed investment certificates, or GICs.
By navigating the GIC ...
How many times have you had to wait months before you saw your first dollar from a real estate deal that was completed last autumn? If you’re like most real estate agents, then the answer is probably more than enough. And everyone hates going through this ordeal.
So, what can you do?
Well, instead of staring at your calendar, twiddling your thumbs, and continually checking your account balance, you can get your money now. How? By using a real estate advance commission service. These services have served as a life raft for so many professionals.
They provide alternative funding to your commission in ...
When something unexpected happens in your life, you might need extra cash that you don’t readily have. This can certainly take a toll on your daily life. It can also create additional stress for you as you ponder how to find the finances you need.