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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.

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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.

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