Budget Like A CEO: Focusing On What Matters
Introduction: Budgeting Starts with Cash Flow Planning Before you can budget effectively, you need a cash flow plan. (If you haven’t done this yet, first.) Why? Because once you’ve accounted…
Credit Cards for Immigration: How to Avoid Fees and Maintain Financial Flexibility
Introduction: The Hidden Costs of Using Credit Cards Abroad When you emigrate, your credit cards don’t automatically adapt. For example, most Canadian-issued cards operate in CAD, meaning every foreign transaction…
Cash Flow Planning (Part 2): An Example
Let me put the sample up again and we’ll jump right into the key elements to think about. For an introduction to cash flow planning, click here. Key Lessons From…
Cash Flow Planning Part 1: A Road Map For Financial Success
“If you can’t measure something, it’s difficult to improve it.“ Why Cash Flow Planning Matters Most people budget by tracking expenses, but that’s only half the picture. Cash flow planning—planning…
The Folly of Moving Purely for Tax Savings
If you’re considering emigrating to save on taxes, this article will help you weigh the pros and cons carefully. In this article, I focus on general taxation. Taxation for businesses…
Tax Residency Explained: Key Differences from Legal Residency and Citizenship
What Is Tax Residency? Tax residency determines which country has the right to tax your income – a concept separate from where you legally live or hold citizenship. Real-World Example:Imagine…
Net Worth: What Assets and Liabilities to Include?
What is an Asset? An asset is something that has value and can be converted into cash. As mentioned earlier, some assets might only have an estimated value. For example:…
Importance of Net Worth: What is It and How to Calculate?
What is Net Worth? Imagine you were to sell all your assets and turn them into cash. At the same time, you need to settle all your debts. If, after…