Einstein: The Rule of 72
Einstein may not have invented the rule of 72 but he did make it popular. A very useful heuristic to estimate compound interest growth.
Einstein and Your Money: Why Doing the Same Thing Keeps You Broke
Einstein once quipped that insanity is doing the same thing over and over and expecting different results, an idea that applies beautifully to your financial life. Whether it’s paying only the minimum on credit cards, letting lifestyle creep drain savings, or pretending debt will magically shrink, the truth is simple: unless your habits change, nothing else will. Using the concept of “Einstein finance,” this updated reflection highlights how Canadians can rethink debt, understand the Rule of 72, and escape the cycle of repeating the same financial mistakes. A smart, humorous nudge toward actually changing what isn’t working.
Sunday Thought: Lent is coming
Yup, that happy time in the Christian calendar when we can choose to change ourselves for the better. We can remove something we know we shouldn’t be doing, remove something we like doing to show… Read More »Sunday Thought: Lent is coming
Rant: Ontario Clean Air Tests
What was the point of the Ontario Clean Air tests for cars? Not really sure, at first it was a tax grab, but after that it wasn’t so clear.
Is the Smith Manoeuvre Still Worth It? A Canadian Perspective
The Smith Manoeuvre is a controversial Canadian tax strategy that converts non-deductible mortgage interest into tax-deductible investment loan interest. This article explores the basics of the Smith Manoeuvre, discusses why some financial professionals caution against it, and reflects on how interest rates and risk tolerance influence its viability. Originally written in 2007, this piece remains relevant today as more Canadians look for aggressive tax strategies. We also explore what insiders joke about behind the scenes and why many DIY investors misunderstand the complexity and risk behind the maneuver.
