With a record $28 billion in profit last year alone, big banks are continuing to profit while the average Canadian suffers the burden. We think there’s a better way and are working hard to bring you products that are alternatives to traditional banking. But we can’t disrupt this massive and entrenched industry on our own. We need startups attacking the problem from all angles. Our CEO David Feller is featured over on Huffington Post Canada today talking about the huge opportunity we have to change the consumer finance game for the better. It’s up to startups to bring new solutions — solutions that will benefit consumers and not the big banks. Head on over to Huffington Post to read his full commentary.
If you’re anything like me, the notion of attempting to get your personal finances in order is scary as scary can be. Like many young Canadians, I never learned about the nuances of finance in school (side note: shouldn’t we be teaching our kids this? I would like to see a personal finance class overtake those stupid CAPP career classes we were all subjected to in high school. I took about ten personality tests that all said, “writer/teacher/creative-type” when I could have used some lessons about investment, RSPs, even simple savings! Grr!). So now that I’m an adult, in most senses of the word, it’s become extremely difficult for me to handle my debt, and to even understand basic things like interest (seriously, and I know I’m not alone in this). Recently, I was chatting up a rather financially well-adjusted friend of mine—he even has a mortgage! Whoa!—and he told me, in ten minutes, more than I’d learned in ten years. Another friend of ours who was there agreed that she’d learned a lot in that brief conversation. Which got us to thinking: hey! If we did this once
Money: you can’t take it with you when you die, and it can’t keep you out of jail when the judge swings the gavel. Straight up billionaire and hedge fund manager, Raj Rajaratnam, is heading to prison for 11 years after being convicted of insider trading – for those of you scoring at home, that’s the longest insider-trading sentence ever laid out in the United States. In addition to the 11 years of jumpsuit time, he’s being fined $10million and giving up $53.8million. I mean, the guy can probably find that kind of money in his luxury leather couches, but I don’t think he’ll find 11 years under the cushions. What is insider trading? Rajaratnam has been convicted of using a series of informants that work inside other companies to inform his trading. Tipsters at consulting firms, IBM and Intel are listed amongst his information-givers. Basically, Rajaratnam would know what a company was going to do before that became public knowledge. This made it possible for the funds he managed to either buy while stocks were cheap, or sell while they were high. This is 100% illegal. The wheels of justice took some time
As I told you last time, getting a store-bought Halloween costume can turn into a sweaty, expensive, candy-coated mess, so here are 10 nearly free costumes that are either: • easy • awesome • cheap • kind of funny • all of the above As you’ll see, this list doesn’t cover everything, but hopefully you’ll be able to find something in there to boost your Halloween trick or treat cred. 1. Sexy _____ Girls have this one locked down. You can turn ANYTHING into a sexy version for Halloween. Other than Arbor Day, Halloween is easily our most provocative holiday. 2. A Formal Apology This one is sort of high-level. You wear that black suit you drag out of your closet once a year and you dress as formally as you can. Then you have a sign that says ‘I’m sorry’. Boom. FORMAL APOLOGY. English nerds will love it. 3. Robots What’s more fun than taping together cardboard boxes and spray painting them with silver spray paint? Nothing. (similar, and awesome: these lego men costumes). **4. **Last year’s Halloween costume Chances are, no one remembers what you were last year. Dig that thing out, take the kids out trick or
I plan Thanksgiving dinner around the leftovers. As I mentioned before, I’m really doing my best to not ruin Thanksgiving this year. Whether it’s a success or not, will probably come down to how much wine we have at the table. Realistically, it should just be an easy dinner with my folks and wife – what I’m really concerned about is the post-Thanksgiving leftovers. I doubt I’m alone here, but I prefer the leftovers-experience to the actual sit down dinner. I’m the same with cold-pizza. Since I’m in charge of the meal, that means I’m leader of the leftovers. Here’s the attack plan I’ve got setup to make the most out of the week long feast I’m planning*. Sandwich central When I’m carving the turkey, I lay out three different piles: light meat for the table, dark meat for the table and light/dark meat for sandwiches. With a big enough bird you can have choice meat for your late night snacking and week-after-Thanksgiving sandwiches laid out with proper meat proportions. You don’t want to be stuck on Tuesday at noon with white meat only. Don’t let it