In an article posted during the winter holiday season, Melissa Leong of the Financial Post noted that many of us were probably watching more television during our down time.
What TV can teach you about personal finance
2. Don’t let your debts bring down your kingdom (via Game of Thrones)
3. Plan for illness or death (via Breaking Bad)
4. Make your money work for you (via The Sopranos)
5. Conserve your resources (via The Walking Dead)
6. Diversify (via Downtown Abbey)
7. Take control (via The Sopranos)
Could debt make you lose the Game of Thrones? Money lessons from your favourite TV shows.
Take TV financial advice with a big grain of salt
The problem, he says, is that “the amount of new, useful intelligent things to say about finance and investing is drastically less than [the] time/space that needs to be filled.” People keep tuning in, so the experts keep talking and writing.
Read more: Good investment advice doesn’t need updating all that often.
Stay tuned for these important finance stories
1. Stephen Harper may double the Tax-Free Savings Account (TFSA) limit - from $5,500 a year to $11,000, as he promised in the last election. We’ll find out in the spring when the budget is released.
2. ORPP (Ontario Retirement Pension Plan) - Ontario has started creating its own retirement pension plan, which will be paid in addition to CPP (Canada Pension Plan). Watch for how this unfolds.
3. Inflation - The Star predicts only modest rate hikes and inflation, saying “the steep drop in oil and most metal prices may keep a lid on inflation in the short term.”
4. Housing prices - “The housing boom shows no sign of letting up in the GTA this year,” affecting real estate investors, first-time homebuyers, and anyone moving to or within the GTA.
Read more: Four things that will affect your personal finances in 2015.
Shut down critics and build confidence by building investment wins
Kim Kiyosaki of Rich Dad says it’s important for new investors to set themselves up for early success. That will help you build confidence and shut down critics.
“The more your confidence builds from those early wins,” she says, “the more willing you’ll be to trust your judgment when investing. And the more you trust yourself, the less fear will be a factor in your decision-making process.”
Read more: Setting Yourself Up to Win.