by Michael Hemmings | Nov 8, 2012 | Business | Tech
Albert Einstein was in awe of the concept of compound interest. We are all affected by it, whether we understand it or not. Einstein said, “Compound interest is the eighth wonder of the world. He who understands it, earns it . . . he who doesn’t . . . pays it.”...
by Michael Hemmings | Oct 25, 2012 | Business | Tech, Finance
In my last article, I asked you to do an exercise: to take a sheet of paper and divide your monthly expenditures into what you need to spend your money on, what you want to spend your money on and what you could save. If you were honest with yourself in making these...
by Michael Hemmings | Sep 27, 2012 | Business | Tech, Finance
This article concerns a set of related concepts behind three swear words. “F—.” No, no, not that one. They are naughty financial words, unspoken in polite conversation and considered gauche in principle, if not strongly counter-cultural. They are “thriftiness,”...
by Michael Hemmings | Sep 13, 2012 | Business | Tech, Finance
Congratulations! If you’re reading this, there’s a good chance you’re a student at UVic this year. Today is a great time to make decisions and develop resolve. Today is the opportunity to build a foundation for your future. This is my third financial advice column for...