mikehassard 120 120aMy personal blog covers a variety of financial topics, debt, insurance, and investing. I might not have all the answers but I do my best to find them. From the serious to the hilarious all financial topics are open for discussion.

Great to have your feed back, so make sure to leave your comments below. Enjoy!

How Credit Cards Make Money

Credit Card Companies make billions of dollars every year. We all know this and except this reality when we choose to use plastic. But just how is all this money made? You maybe surprised to find out that a credit card company makes money in four ways. (Make sure to check the diagram below for a complete illustration)(…)

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Shopping on Facebook

Christmas in just two months away and there will be a new way to shop and it as close as your favorite social media site. Target and Facebook are working together to offer gift cards just in time for the holiday season.  As it was with Google, Facebook has found a way to make money using(…)

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Life Insurance for Baby Boomers

One thing I really enjoy about living in Kelowna is the great out doors. In our own back yard you can participate in kayaking in Okanagan Lake, cross country skiing near Crystal Mountain and even mountain climbing at Skaha Bluffs. The life style of the modern baby boomer is much different than their parents.Can you imagine your grandmother(…)

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The Worlds New Middle Class

Image by Getty Images via @daylife I have been accused of being an eternal optimist. But how can I be so sure things will get better when the United States economy is in the dumpster, the Canadian real estate market is showing sign of collapse and employment seems to be going now where. The  solution to the world’s economic(…)

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How high is too high?

Interest rates are starting to rise … how will you deal with increase on your cost of living? For many with substantial size mortgages and balances on credit cards an small increase can mean the difference between dinner out and paying the hydro bill. The impact of increasing interest rates is one of the most overlooked(…)

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Inflation is Knocking

I had a great discussion with my daughters about the increasing cost of everything when talking about the monthly bills. The stark financial reality of price increases become more apparent as you move out, but it is even more of an issue in retirement.Inflation is just a nuisance when you are working because the solution(…)

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Back to School with a Credit Card

This year is first for us … no one is going to school this year. But for many in Kelowna,  kids are back to school next week and life is getting back to normal. Time to put away the beach towel and open the text book. And for many post secondary students it also means(…)

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Spies on Facebook

Are you on Facebook? Maybe you prefer Linkin or Twitter? Social Networking  is replacing  the phone as the preferred form of comunication today. Now you can update your family on your son’s graduation, show off your new born baby or share your pictures from  your family vacation. If you are like me things like Facebook(…)

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Downsizing in 3 Easy Steps

As a financial professional most of time I only get calls when someone is in a financial transition (that is financial speak for a change that has not been planned for).The loss of a job, forced retirement, dealing with aging parents and the dreaded sale of family home or now referred to as “downsizing“.The idea(…)

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Credit Cards Made in China

The world is getting smaller every day even in the financial world. The desire for a better life is starting to grow and driving a need for access to financial products. All the things we have come to expect in Canada’s financial banking system like lines of credit, mortgages, debit and credits cards are gaining(…)

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Life Insurance Saving Tips

I still remember my first meeting with a life insurance salesman when I was in my 20’s. I was newly married, we had a daughter and I did not want to buy life insurance. At the time I had never really thought about my responsibility to my family if I died prematurely (and of course(…)

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New Adventures For a New Point of View

Living in Kelowna is a real treat. We have everything … 5 ski hills, a huge lake and endless amount of trails to see. (Thanks to Union Cycle Kelowna for the picture). You name it we have are excellent restaurants, music and events galore. We move here because it has everything we want why go(…)

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Financial Decisions vs Washing Dishes

My wife thinks I’m crazy, because I can draw parallels between two completely different things. I am of the option that behavior in one area of life recreates it self in other areas … hence my comparison with doing the dishes and dealing with planning in financial matters. See if you see the similarities …(…)

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