I don't think many people explain it this way, but it is probably the best analogy I've heard. Rent is paying for the "use" of something: like renting a movie, an apartment or …
What is a "Line of Credit"?
A Line of Credit is basically like a credit card in that you apply to have the ability to borrow money whenever you want and have a set limit that you are authorized to use (let's …
The Magic of Compound Interest
Albert Einstein was a pretty smart guy - I think we can all agree on that. The man who gave us the Special Theory of Relativity and the General Theory of Relativity famously said …
CRA: The Canada Revenue Agency
The Canada Revenue Agency (CRA for short) can be thought of as Canada's collector of taxes for the government... because that's what it is. :) It is the equivalent of the IRS (The …