Author Archives: Jim Yih

Marginal Tax vs Average Tax

In Canada, we operate under a marginal tax rate system which simply means the more money we make, the more tax we are privileged to pay. Marginal tax is simply the amount of tax paid on an additional dollar of income. As income rises, so does the tax rate. This is different than a flat

Psychology plays a big role when it comes to saving money

I’ve often said that achieving personal financial success is 80 per cent psychology and 20 per cent math. Every financial decision you make involves both emotion and logic.  It’s been said that when emotion and logic come into conflict, emotion usually wins.  One example of this is why we tend to chase performance in investing. 

Finding Financial Balance

Finding financial balance in life is never easy.  I’ve been talking to a lot of individuals lately in my financial education workshops and I recently sat down with Jake who is 23 years of age and trying to do the best with the money he makes.  In fact, he makes pretty good money working up

Advantages of Self-Directed RRSPs

The investment industry has now grown exponentially over the last 20 years. Equity investing has become more popular than ever and investors are more knowledgeable than ever. We now have more investment choices than we have ever had and our access to information is infinite.  How are investors to comprehend all their options like Mutual Funds,

TFSA or RRSP: Why not do both?

Since TFSAs were introduced in 2009, there has been a lot of great debates over the RRSP and the TFSA.  Here are some examples of the TFSA or RRSP debate: My article on the new debate between RRSPs and TFSAs Canadian Capitalist surprised by some recent reports that suggest that a lot of Canadians would be better off

Principles of Investing

Lately, the stock markets remind me that everything goes in cycles and what goes down also comes up.  You hear a lot of different predictions, opinions and forecasts but really no consensus. There’s so many different investments to choose from.  All this can lead to more confusion and anxiety.  What should you do with your investment portfolio?