What’s Your Life Plan?

We had a plan- go to school, get good grades, get a good job, find the love of your life (or not), get married, buy a house, have kids. And so forth.  This is the course that most of us expected our lives to follow. It’s what our parents drilled into us.

Why wouldn’t we follow it? It makes sense on paper.

The reality is that we’re not a generation that follows the expected path, we tend to create our own rules. We do things that make sense to us right now, and we’re happy to find things that fulfill us- whether that’s starting our own businesses, taking time off to travel, risking it all and working for a startup, or inventing careers in sectors that didn’t even exist a few years ago.

We, also, do things out of order.

Who says that we have to get married to buy a house? I didn’t. I bought a house, quit my high paying job, and started my own company. Then I moved to Europe for 7 months and created a life that works for me.

And it’s not just me on this path. Take a look online and you’ll see tons of people changing the narrative of what our life plan is supposed to look like.

In fact, a recent TD survey found nearly six in 10 (58 per cent) Canadians have completed or are on track to complete their life’s milestones in a different order than they originally expected.

The generation nipping at our heels? They are doing it faster than us at a 64%. No wonder I get emotional watching my siblings take on the world with such passion.

WE CAN DO WHAT WE WANT

While the order of life’s milestones may vary, thinking ahead about your goals and putting a financial plan in place can help manage the financial impact of these significant life moments, whenever they occur.

5 Startup Business Ideas

The beauty of living in our time is that we LITERALLY have the ability to do anything that we want to do in any order that we want to do it in. BUT, we also have to be smart about our future.

And believe it or not, almost all of our big life choices require planning and saving, and regardless of our age, it’s never too early to build a financial plan and set goals for our future.  Things like a home, cars, retirement, and children all cost money.

KIDS COST MONEY

Kids_Future

I know, I know- SHOCKER. We don’t want to think about how much money it’s going to cost to have a child because children are a gift, and all that stuff.

However, when you think about how much money our parents spent on us- everything from school, to sports, to arts and everything in between, we cost them A LOT. And jumping into having a family without figuring our finances is just not  the best idea.

According to a recent TD survey only 4 in 10 Canadians say they have properly budgeted or are properly budgeting for having their first child (39 per cent) and for retirement (41 per cent); and millennials (28 per cent) are less likely than Gen X Canadians (42 per cent) to say they have properly budgeted or are properly budgeting for having their first child.

That means that we, the generation that thinks about being financially free as soon as possible, aren’t planning out the cost of something that we’re going to be responsible for- for the next 18 years.

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Cost Effective Things to Do before the Summer is Over

Summer is ending and you have realized most of the weeks have been wasted on doing sweet nothing. If you are like many people and you lack the funds to take the kids on a European vacation, never fear.

There are many cost-effective things to do before the summer is over, and we are going to show you some of them here.

Have a Barbeque

Nothing says summer like burgers in the yard with a slip ‘n’ slide out back. If you already have the grill, all you pay for is the food and the fuel to get the flames burning. It is the ultimate summer activity and it is a great way to get the whole family involved.
Think about inviting the extended family and create a summer to remember!

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Software Startup: Be one or help one?

My day job pretty much involves evaluating startup ideas all day, and then building a plan that makes them grow  really quickly. So it goes without saying that I live eat and breathe this stuff all day. That said, I still get questions about the Startup world, and am hoping that this will answer some of the questions.

Are you sitting on a piece of code that needs a little spit and polish to be the next big thing in the software industry? If you’re a talented developer with a particular vision, entering into the software fray today is a risky yet extremely rewarding proposition – if you make it.

You’re probably itching to bring your product to the forefront of people’s consciousness and turn it into a household name ala Facebook, but breaking into the industry is no easy feat. Just ask the thousands of new developers and startups who fail on their first few attempts and run out of funding for their next project.

You must have a Game Changer in your Hands

The first thing you have to consider is to make sure you have something that the public wants and needs, something that nobody else has been able to provide. The world doesn’t need another search engine or another email provider. Your idea or software has to be simple enough to be accepted and practical enough to be used. Your baby has to be a game changer. Lose sight of that and you’re pretty much screwed.

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 5 Ways to know if getting a Variable Rate Home Loan is for You

Every time interest rates fall to a new low, home owners can’t help but focus their attention on fixing their house mortgages to lock in the currently existing low interest rate. However, there is more to variable rate home loans than just having the option to switch to a fixed rate whenever you feel the need to. Although fixed and variable rate loans have their own share of pros and cons, knowing which type of loan is most suitable for your current financial situation is the first step to having a successful loan take out. So, is getting a variable rate home loan for you? Find out how.

  1. You always keep yourself updated with the latest interest rates

When your interest rate is fixed throughout the life of the loan, there is little motivation to read up market predictions. Variable rate home loans are ideal for people who want to take advantage of the lower-than-before-interest rate as the market crashes. These people can afford to be wrong with their predictions because they don’t mind paying a little extra and they know they can easily switch to a fixed rate. [Read more…]