I used to run an Airbnb. Here are a list of easy to implement tips and tricks that I learned which you can also use to help run your Airbnb business! Tip: Create Your Own Welcome Message Template Sending a welcome message is a very simple yet effective strategy to help you achieve that 5 […]
Managing liquidity is a challenging task and much more important than we realize. But what Is Liquidity? Liquidity is the ease that an asset can be converted into cash without incurring significant costs. Cash, by definition is the most liquid asset. On the other hand, something like a 1st edition base set PSA 10 Charizard […]
When it comes to investing, retail investors have always been playing a game of catch-up against the big institutional investors. While this trend is not going away any time soon, we should still work towards closing that gap.The means we should use to close that gap should be through education, not regulation. What Advantages Do […]
In 2017, I decided to test the waters of running an Airbnb. I had a condo that I did not stay at on a full time basis. This started me on a journey to discover a new appreciation of being able to work for myself. After almost a year of hosting on Airbnb, I decided […]
On the surface, it may appear that short sellers only profit off the failures of others, or specifically, the failure of a company. Although one can interpret it this way, the idea that short selling is unethical is rejected by almost all academics, practitioners and policy makers alike. The ability to short sell serves a […]
If you are running your own business in Canada, your family members can help you reduce the overall tax incurred as a family unit! This strategy can be used if you are running your business as a sole-proprietor and have a family member who is in a lower income tax bracket than yourself. For example, […]
Our financial decisions have a huge impact on the quality of our life. Here we explore 5 of the most important financial decisions and questions you should consider while making those decisions. 1. Your Car Purchase A car purchase is not the biggest financial decision on this list, but it is often the first major […]
What Is Short Selling? The concept of short selling is actually quite simple. The short seller borrows a stock, and proceeds to sell it immediately, receiving the proceeds up front. The short seller has the intention of buying the stock back at a later date for a lower price to return to the lender. Why […]
What Is The Purpose Of Having An Emergency Cash Reserve? When there is a leak in your home, it's important to act quickly to minimize the immediate damage before you can deal with the source of the issue. Having an emergency cash reserve works the same way as a bucket would to contain the water […]
Have you ever tried to convert your Canadian dollars (CAD) into US dollars (USD) or vice versa? You may have noticed the exorbitant fees that is charged to you on top of the exchange rate. Most banks are either charging you a direct fee or a spread that amounts to 1.5% to 2% of the […]
Many of us have faced the struggles of saving money at some point in our lives. Outdated and mismanaged budgets can drag you down and make it feel like you aren't reaching your financial targets. The good news is that it doesn't need to be difficult. Here are some steps you can take help you […]
You might have an extra room, separated suite or investment property and wondered if you should rent it out long term or short term. It is a good question to think about, especially because most people tend to think of long term rentals as the default option. In this article I will break down long […]