There are many people who wind up taking out loans at one point or another. Perhaps they needed the funds to invest in their education, pay bills, cover a sudden emergency, etc. However, regardless of the reason, the ultimate reality is that borrowed funds must be paid back. Unfortunately, there are countless individuals who struggle with paying back loans which they took out. This ultimately doesn't bode well, seeing …

As the cost of living becomes increasingly expensive, many young adults are opting to live at home with their parents or other relatives. But for the most part, people reach a time when they wish to live on their own. This is understandable. However, leaving home and venturing into the real world requires serious, calculated preparation. This is not something that can be done on a whim.

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Nobody likes to think about recessions and their economic impacts on lives and finances. Nevertheless, many people have lived through and experienced the plights of recessions. Although they take a toll on virtually everyone, members of society who are most vulnerable and least prepared tend to suffer on considerably higher levels.

This is what makes financial preparation absolutely paramount. Failure to plan is ultimately a plan to fail. However, the …

Purchasing a car, especially for the first time, marks a monumental and significant (Sometimes stressful) milestone in any person's life. In many regards, a new car represents freedom and the ability to go wherever one pleases without having to rely on public transportation, rides from friends/family, or rideshare services such as Lyft or Uber.

Nevertheless, the freedom associated with car ownership simultaneously comes with responsibility. Before one can get to …

Purchasing a home can be an exciting and monumental event in any person's life, especially if it’s the first time. The anticipation of owning a house and enjoying all the associated benefits is understandably exhilarating. However, buying a home requires extensive preparation. As a result, purchasing a home is one of the most costly and time-consuming events.

Let's say you want to buy a home in Toronto. This requires a …

Most people enjoy traveling and would love an opportunity to pack a bag and go on a trip. However, one of the biggest barriers obstructing this desire is the lack of money.

Many individuals do not have the funds to travel consistently and simultaneously cover the extensive costs. It is a stretch to pay for airfare, accommodation, etc., while still paying their monthly rent and utility bills at home. Money …

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The ability to advance one's career is a critically paramount factor of success. However, furthering a career is often easier said than executed, depending on the given occupation. That is largely attributed to the fact that the natures of different careers maintain considerable variations. Moreover, each person has certain responsibilities, brands, and tasks that contribute to their current occupations. Despite the …

This article is part of our Finance Hub.

Virtually everyone has heard of passive income at one point or another. Wikipedia defines passive income as "income resulting from cash flow received on a regular basis, requiring minimal to no effort by the recipient to maintain it." Having a passive income can save you from financial distress. For example, if a person loses their main source of income, passive …

In many cases, when people choose certain career paths, they stick with these paths for the rest of their work life. However, this is not always how matters play out. There are various situations and circumstances which may prompt people to switch their current careers. If done properly, this transition can be relatively smooth; if not, the transition can be an absolute nightmare. Thankfully, there are a variety of …

As the popularity of various social media platforms continues to surge, more and more people are looking towards sites like Facebook as opportunities to make money and add an additional revenue stream to their roster. Similar to other social media platforms, Facebook users can do well for themselves and earn income.

However, achieving these feats is going to require some groundwork along with trial-and-error. Just remember that each (or all) …