How often do you purchase something and hope you never have to use it? Term life insurance is one of those things.
While not always fun to think...
Opportunity costs
What is opportunity cost?
Opportunity cost is the loss of the benefit that could have been enjoyed if the best alternative choice was chosen instead. Directly or indirectly, opportunity cost underpins the majority of day-to-day economic decisions...
What the banking system isn't telling you about credit and credit cards
Have you ever been told that you can't survive without credit? That everyone that is older than 18 years old must have a credit card?
Well, I was taught this same thing until I started learning what the facts were. I will share the top credit...
The best way to start investing if you are just starting out
If you haven’t read my eBook: A Basic Guide to Investing (click here) please do so before diving into this information below. It provides a fantastic foundation on what we are about to cover.
Once you are completely debt free, except for...
5 Reasons You Need Life Insurance
Do you need term life insurance? Here are 5 reasons you probably do.
What Identity Theft could cost you...
Scammers are targeting people just like you and me!
Scammers will stop at nothing to try and trick you into giving them your personal information.
Understand the tax office will not call you directly
Don't be scared if the "tax...
3 Steps to Help Prevent Fraud
Do you know the 3 security steps to take now to help prevent hackers from getting access to your bank accounts?
Majority of banks will monitor your accounts and automatically send email or text alerts when there is "unusual"...
Comparison is the thief of joy
We all have needs and we all have wants!
What one drives your decisions more?
If you are reading this, then over 90% of what you have is wants!
Our basic human needs:
1) Food (and that is not eating out!)
2) Clothing...
Do you know why you are doing what you're doing with your money?
I want to share a story about a Thanksgiving Turkey.
A newlywed couple were hosting their first family Thanksgiving. Family was arriving in a few hours and the wife was preparing the turkey to be put into the oven. She proceeded by getting the...
Real Estate: Renting vs Buying
RENT OR BUY?
"Why would you rent? You are throwing away money with rent!"
"Buying a house to live in is an investment."
If you ever talk to someone that has been house shopping, have you ever noticed how they try to justify their spending on...
The fastest way to get out of debt
I remember getting into debt quite quickly when I was out of my parents house and new into adulting. I kept getting brand new things because I could "afford it" meaning that I could squeeze yet another payment into my month.
It finally came to a...
Recent Posts
Opportunity costs
Jun 18, 2021
Author
Mike Staunton
Financial Coach
Coaching people on how to handle their money better has lead to being more than just a coach. I have been counselling people how to set boundaries, how they treat money and empower them with the tools to have hope, confidence and certainty moving forward!