It’s like night and day when you’re called to the bar and the paycheques start rolling in. Make your first year count by forming three habits that could set you up for a lifetime financial advantage.
There’s a saying about lawyers that doesn’t exactly bode well for retirement planning: “Most lawyers live well, work hard and die poor.” And there’s more of that middle part – the working part – for lawyers than for most.
If you’ve ever tried to sleep while a car alarm goes off outside your window, you know: if the alarm lasts long enough, you kind of get used to it. (Unless, of course, it’s your car). But just because you get used to stress doesn’t mean it isn’t there.
There are tax-efficient structures in place to give Canadians of all ages a bit of help – but too few of us are taking advantage of them. Here’s a list of differences between RRSPs and TFSAs to help you decide which one makes more sense for you.
Many Canadians arrive at a financial crossroads in the middle of their career. A stable income and a successful practice make it possible to pay off your mortgage faster. It seems like a straight forward financial decision but it’s anything but …