Things to do to kick off 2015 en route to financial savvy and a kick-ass semi-retirement:
- Max that $5500 per year TFSA contribution for yourself and your spouse
- Drop $2500 into your child's RESP and get $500 free from the Government right away. Where else can you make an immediate 20% gain for just filling out some paperwork completely risk-free?
- Make this year the time your revenues (income) far exceed your expenditures and consider yourself a business. Make a profit (savings) every month. Start thinking this way and you will be a Jedi Master in no time and people will beg you to teach them this incredibly tough thought process (not!).
And for goodness sakes, stop putting your money in GIC's - grow a set already and learn about the markets and a portfolio of assets. Not just real estate and bank deposits.