The politics of spending: How government budgets differ from corporate ones
Peter Watson discusses how politicians prioritize power retention over responsible spending for Canada, while businesspeople focus on profit. Motivations for politicians versus businesspeople is why Canada continues to overspend, writes Peter Watson. What strategy is needed to create a budget for the Canadian government versus a budget for a large Canadian company? We will consider […]
Here’s why Canadians are entering the ugly stage of the normal economic cycle
Peter Watson discusses the challenges facing homeowners in the softening real estate market. The real estate market is getting soft, and many challenges lie ahead for homeowners. We notice that houses listed for sale do not sell or take significantly longer to sell than normal. Some homeowners are selling because they are having financial problems. […]
Does your career have a Plan B in case your job disappears because of AI?
The rapid growth of AI means you need to have a back-up plan for employment, writes Peter Watson. Most people enjoying a solid career based on their qualifications and ability cannot imagine being suddenly unemployed. Under normal circumstances, sudden unemployment is very unlikely. However, now we are in the new world of artificial intelligence and […]
The risk of AI taking your job calls on us to be proactive during these changing times
More people are unemployed and looking for work. Based on our current economy that could spread and affect more in the years ahead, writes Peter Watson. The new world of Artificial Intelligence (AI) is threatening to absorb jobs previously done by humans. When people lose their jobs they lose their paychecks, which can be an […]
Good Federal Politics Can Lead to Canadians Financial Success
Good decisions from federal politicians can enhance the odds of Canadians achieving financial success, writes Peter Watson. A strong foundation provided by the federal government contributes to the financial success of Canadians. Prime Minister Mark Carney’s leadership? Time will tell how he is judged. I liked the elbow up posture at the start of the […]
Why you should think twice about post-secondary education
Getting an education in the trades could lead to a successful career, writes Peter Watson. University education in the past offered prestige and a pay cheque. Now it can lead to a weak job market and a mountain of debt. Forget the dream of owning a house when your financial challenge for the next decade […]
Credit Rating is Key to Your Ability to Arrange a Loan
The downgrade of the US credit rating should be a lesson to us all, writes Peter Watson. There is a similarity in how both individuals and countries qualify to borrow money. It is based on the risk of the loan. For example, if you are living within your means and your income is sufficient to […]
Canada Needs to be Brave and Bold
Our country needs a brave and bold fiscally responsible future, writes Peter Watson. Canada has a huge opportunity and that comes with challenges. Let’s consider both from a financial perspective. A new world order for trade is evolving. The one thing we do know is that our future will be different. We are a young, […]
Our Youth Are at The Crossroads of Their Life
Young adults must proactively steer their career towards success, writes Peter Watson. This generation of youth faces massive challenges and as a result people in that age group will have divergent career outcomes. Many will have a disappointing adult life. They will not be able to achieve financial success and therefore their desired standard of […]
Financial Concerns are Growing for Many Canadians
Economic uncertainty is a reality, so this is a good time to reevaluate your personal finances, writes Peter Watson. There are early warning symptoms that more Canadian borrowers are starting to struggle with their finances. It’s a combination of increased difficulty keeping up with mortgage and credit card payments. Plus, we are living in a […]