Building wealth

Financial independence is a goal that many Canadians aspire to, but few actually achieve. It means having enough wealth or passive income to cover all your living expenses for the rest of your life without needing to work. Sounds amazing, right?   But how do you get there? What are the steps you need to […]

Compound interest is often referred to as the “eighth wonder of the world.” This is because it has the power to turn small amounts of money into large sums over time, without any additional effort on your part. Understanding the power of compound interest is an important step towards financial independence, and can help you

1. Rental Properties Investing in rental properties is one of the oldest and most tried-and-true methods of generating passive income. This involves purchasing a property, such as a house or apartment, and then renting it out to tenants. The rental income received from the property is considered passive income because it requires little to no