Even if the interest rates change your still going to be paying the same 5 year payment

Someone who helps you find the best mortgage with the lowest interest

App/ Au that invest your money automaticly based on your goals, age, and risk tolerance for free. (0.7% MER)

Where you give a chunk of your money and get a guaranteed payment every year until you die

Mix of stocks and bonds

one ETF that invests in 4 different funds (bonds, stocks, us stocks, int stocks)

Someone who never or is unwilling to pay their debt

Good: borrowing money. Bad: saving money

Do you do the investment or pay someone to manage the investment

Good: saving money. Bad: people with debt

Info on a person's credit rating helps lenders in making decisions to help them see if they should lend you money

The annual payment that you have to make for certain credit cards you have

Someone who pays their debt late but still pays

management expense ratio

Digital alternative form of currency that's not regulated by any central bank

variety of different investments that suit individuals

Mix of stocks

A loan for properties finance

Losses value over time

revolving loans similar to bank accounts that can go into a negative balance

Exchange traded fund that lets you buy a large pool of individuals stock and bonds

Where you get interest and you don't reinvest

Where the stocks are traded

Mutual fund that keeps all stock in a particular market

You borrow money for personal needs not for companies or businesses

Raw materials like gold, gas, oil

Where stocks and bonds are grouped in a single investment

Shows the money you have on your credit card, how much you have borrow, owe, spent

The interest rates change meaning that your mortgage will get higher or lower

Registered education savings plan for saving money for college and university without paying tax ***rhe government gives annual money each year

(low interest in better than high interest) Real estate income trust where you buy and rent out properties

Mix of bonds

no monthly fee and you get small amount of interest

You don't have to be rich to start investing and you can start by little by little

(5/7%) you own a house and live in it without paying for rent and could sent out your basement

Sell and buy with relative ease

1. Your financial goal 2. Risk profile 3. Younger mean more time for investment 4. Older mean you are safer 5. Assets Allocation (what type of investment) RULE OF 100: 30 mean 70%, 40 means 60% 6. Choose your individual investment 7. Review your risk profile, assets allocation, and investment every few years

Saves you time, stress, and makes you money

Any ground profile material

(1/5%) High interest ravings account where it's the same with GIC but your moneybisnt locked in so you can spend it

account with monthly fees that allow you to get free transactions

The bank are legally allowed to take over your property or things that you own

Grows in value over time

You get interest and reinvest

RRPS. RESP. TFSA.

registered retirement savings plan that's tax sheltered so you don't pay for tax and grow your assets ***cant take out the money until you retire

The rise in price over time caused by interest rates

(1/5%) Guaranteed investments certificate where the government or company borrows money and says that they'll pay you back after x years with interest ***your money is locked in until that x years

(6%) when you lend companies or governments money and they promise to pay you back in x years and pay you with interest every year

You put your money in an account and leave it their for x years

Someone who agrees to pay for your debt if you can't or don't

Invest in GIC

Tax-free savings account

Different investments that'll suit any individual that they can invest in and grow their assets

Professional management, lots of different options, convenience, liquidity, diversification

Allows you to pay for it but over time

How much money you have to pay for mortgages/ loans or the money that you own from interest

(7, 8%) shares of a company listed on a stock market for people to buy

Can be payed at any time

A score given that shows if you paying your debt ( high means you paying your debt in time, middle means your a late payer, and a bad score means you are a default payer)

Have to go the same 5 year payment

Base rate set by financial institutions to determine the interest rate on mortgages and loans

The amount of money you can spend on the credit card ( changes depending on your credit card)