Money Management

The pain of loss

The pain of loss is real, and it is acute, and it lingers. And, importantly, it affects how you make money decisions. It’s just one of the ways that emotional decision making can result in irrational decisions. Brad Brain_ The pain of loss _ Alaska Highway News

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Homeowners, and those who want to be, take note

“While many homeowners were content with their interest rates around 3%, there is now a huge opportunity to refinance your current mortgage and save thousands of dollars in the remaining years of your term. In most cases, the penalty can be capitalized into the new mortgage, and your savings starts to accumulate. Many clients are…

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If we were to meet in three year’s time…

Let’s say that we were to meet for coffee three years from today. What are all the things that you would like to have happened in the time from now until then for you to feel happy about your progress? Don’t just think about money. Think about your health, your family, your time, your capabilities….

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Also posted in All Columns, Investment Management |

It Ain’t What You Don’t Know

When it comes to personal finances there is a little more to it than simply we don’t know what we don’t know. As Mark Twain supposedly said, “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” Brad Brain_ It ain’t what you don’t…

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Also posted in All Columns, Planning Encyclopedia |

Additional investment columns

For compliance purposes, going forward most of my investment columns will be located here… https://bradbrainfinancial.com/investments-acpi/category/investmentblog/

Also posted in Investment Management, Smart Money Blog |

The Great Goals in Life

Financial Planning is a process that can have a magnificent, meaningful impact on your quality of life.  Some people equate financial planning with getting an adequate rate of return on your RRSP.  That’s fine as far as it goes, but it’s and inadequate definition of financial planning. Financial Planning is a six step process that…

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Also posted in All Columns, Retirement Planning |

Underestimating the Severity of Your Own Situation

I think that is human nature to underestimate the severity of your own situation. In my own life I started putting on some weight in my thirties. It was no big deal, I thought. And I did nothing about it. I still ate everything that I wanted, and I wanted a lot. But my metabolism…

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Entertainment is not Wisdom

A few days ago I was asked for some recommendations on books to read by a person who was looking to learn a little more about the world of finance. Normally, that’s something that I can help with. I read a lot, and as it happens I was in the local bookstore just a few…

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The Secret to Financial Success

There is one thing that is of primary importance on the road to financial success. It’s not your income, or Registered Retirement Savings Plans, or home ownership, or negotiating a better interest rate from your bank. The most important thing that determines whether a person will be financially successful is controlling your cash flow.     What…

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Also posted in All Columns, Retirement Planning |

The Worst Plunge In Years

In late July North American stock markets suffered the worst decline in years. Or did they? I don’t mean to say that the markets didn’t come down. They did. What I mean is, was it really the worst downturn in years? Well, yes and no. And it’s mostly no. Here’s the thing about the financial…

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