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Before You Buy Cryptocurrency, Understand What You are Investing in

cryptocurrencies

Cryptocurrency (“crypto”) is digital money based on blockchain technology—a decentralized, distributed digital ledger. Therefore, at its core, crypto is a decentralized digital medium of exchange that is designed to be used over the internet.

Unlike other currencies such as the Canadian dollar, no central authority (such as a government or bank) manages and maintains the value of a cryptocurrency. Its value is driven entirely by supply and demand.

Before you buy crypto, understand what you are investing in. What can you buy with crypto, and should you invest in it?

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Financial Responsibility Amongst Teens

Teaching teens can be challenging as they become more independent, especially when it comes to educating them about managing their money and finding the right balance between saving and spending. This article outlines some strategies you can use to teach your teen how to be financially responsible, so that they develop the self-confidence and skills needed to successfully manage their money.

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The Future Cash Flow Strategy You Probably Didn’t Know Existed

the future cash flow strategy

Between rental, earned, profit, royalty, dividend, capital gains, and interest income, there are a plethora of passive income (i.e. requiring minimal effort on your part) strategies that you can engage in to ensure you are always getting the most out of your capital. Let’s briefly go through the highlights of seven streams of income before diving into an EIGHTH stream of income which we like to refer to as the “secret” income stream.

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The Secret Income Stream You Probably Haven’t Heard Of Yet

Life insurance is often thought of as only providing a benefit to those receiving the proceeds on the death of the insured. The truth is, insurance policies can be structured to provide an additional source of cash flow. 

This guide is courtesy of David Rubin, Estate & Insurance Advisor.

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