Christine’s Latest Blog Posts

Read all of Christine’s latest content below, so that you can always stay up to date with her latest columns.

Christine writes for 630 newspapers across the country, and is committed to increasing financial literacy, no matter what your age, background, or income level.


Dear Money Lady,  My adult daughter just moved back home to save money and brought her boyfriend with her.  I like the boyfriend, but right now he doesn’t have a job…

I always told my kids I would help them as best I could – but I never thought they would come back to live with me.  I am 74 and I like living on my own and I don’t think I can afford to keep them here.  Please help.      (PS: they also have two big dogs and I have a 12-year-old cat – ouch!).     Margaret   I feel for you Margaret – you need to set some ground rules – NOW !! Today there are many parents like Margaret.  While [...]

By |22 January 2023|Categories: Daily Advice Tips|

Why not consider diversifying your portfolio in part with structured notes?

Dear Money Lady Readers, Many of you have sent me emails with genuine worry about your retirement portfolios as we ride the waves of high inflation, lending rates, and low stock market returns.  I want to introduce you to an alternative to securities, mutual funds or exchange traded funds (ETFs).  Why not consider diversifying your portfolio in part with structured notes?   There is something for everyone in the Structured Notes (SN) arena because they vary by complexity and risk.  They are certainly not for everyone; however, are still a [...]

By |22 January 2023|Categories: Daily Advice Tips|

Dear Money Lady Readers: I have written about legacies before, but wanted to share it with you again as we enter a new year.

I often travel across the country doing speaking events and had the privilege of speaking to a charity in December.  After the event, I spent some time with a group of ladies, (all over 70 years), who were very active in their communities.   As I worked my way through the group, meeting all these wonderful women, I realized each one had single handily enriched their retirements by supporting a cause they believed in.  They seemed younger than their years, they were happy, vibrant and all beautiful women.  All from various [...]

By |22 January 2023|Categories: Daily Advice Tips|

Have you heard about the tax free First Home Savings Account, FHSA?

Many first-time home buyers have cooled off and ceased their house hunting searches as the market levels off with interest rates still climbing.  Home prices have still not dropped down as low as some buyers were hoping for; and as we sit poised for another year, it is now anyone’s guess what will happen. Many economists say the interest rates will climb even higher especially with the Canadian prime rate inching it’s way closer to 7%.  But there are also those, like myself, who approved mortgages for clients in the [...]

By |22 January 2023|Categories: Daily Advice Tips, In the News|

Dear Money Lady Readers: According to a recent Stats Canada study, 1 out of 5 Canadians have saved over $300,000 for their retirement. That means, there are still 4 other Canadians that obviously have less than $300,000 saved.

So, let’s talk about what to do if you have low-income or maybe the occasional no-income situation and are finding it hard to save. What can you do to budget and save for future expenditures, let alone a retirement fund? It is much harder for those impoverished to improve their situation than it is for those in our middle-class, especially today. That being said, there are many poor that have much more drive, determination, and fortitude than some who have money. I can guarantee you; many low-income Canadians struggle with [...]

By |30 December 2022|Categories: Daily Advice Tips|

Dear Money Lady, I am in my 70’s and remember when rates were 18%. I wondered if you think we are headed for a recession in 2023?

To answer you honestly – I’m not sure. Let me tell you why. Currently no one knows for sure where inflation is headed or whether it will continue to be volatile. The three-month trend is averaging 5.8% so there is no denying that it is a force to be reckoned with in 2023. Basically, economists and analysts, have very little experience with true inflation other than what we witnessed in the late 70’s and early 80’s, when you witnessed interest rates at 18%. I will agree, that Canadians should indeed [...]

By |30 December 2022|Categories: Daily Advice Tips, In the News|

Dear Money Lady Readers: Do you unknowingly sabotage your prospects for the future?

As you head into the balance of this year and make plans for 2023, we all challenge ourselves to do better in the new year. Lose weight, get more fit, balance your budget, pay off consumer debt, save to buy a home, the list can be endless with our self-improvement goals. Whether changes to your health or your wealth, the methodology is the same. In fact, I guarantee that if you follow these three steps, you will lower your debts, increase your bank account, and maybe even improve your diet [...]

By |30 December 2022|Categories: Daily Advice Tips|

Dear Money Lady: I need some help with my investments, I have lost so much money in the market this year. I have an advisor, but he doesn’t seem to know what to do.

Another great question! There are many different viewpoints on how to invest so let’s cover the basics and some questions you can ask your financial advisor to get you making money. Not everyone acts the same with loss and although we like to think we are rational in our decisions, the research and evidence suggests that all investors (and some advisors) tend to sometimes act irrationally with errors in judgment caused by greed, emotion, and the fear of loss. Basically, there are two ways that most Canadians invest in the [...]

By |30 December 2022|Categories: Daily Advice Tips|

Dear Money Lady – I have not topped up my TFSA, should I do it now in December or wait until January?

Great question! – I think a lot of people are wondering this too. I don’t believe in timing the stock market; however, December and January have specific attributes that the other months of the year just don’t have. So, let’s talk about that. For those of you that regularly invest in the equity markets, you may have noticed that your portfolio always takes a bit of a hit at the end of November.  This is due to the month-end pension fund portfolio rebalancing done by large mutual fund companies and [...]

By |30 December 2022|Categories: Daily Advice Tips, In the News|

Have they said you’re too old to start a business? Here are 5 business ideas to do over 60.

There are many people over 60 wanting to retire from their conventional jobs and finally work for themselves.  There are even those that may be older and now retired who want to return to work but require a flexible schedule.  So why shouldn’t you consider working in retirement?   Today we look at five options that you can do it on your own terms, as a self-employed entrepreneur, with your own rules and work arrangements that now fit into your schedule and not that of a demanding employer. Working virtually has [...]

By |3 November 2022|Categories: Daily Advice Tips|

Traditional Advertising vs. Social Media Advertising!

I have 3 radio shows that play across Canada with over 14 million listeners and my broadcasting partners sell ad space on my shows.  Recently, with the economic changes I have seen many sponsors leave their advertising campaigns, recoiling and reining in expenditures, to hunker down for an economic pullback.  This is surprising to me every time it happens – and I have witnessed it many times in different markets.  Everyone has lots of bravado and motivation when the going is easy, but when it gets harder, they cave, fold, [...]

By |3 November 2022|Categories: Daily Advice Tips, In the News|

Dear Money Lady Readers: Are You a Good Judge of Someone’s Character?

Being a good judge of character is a unique and valuable skill.  One that will advance your career, increase your net worth, give you more personal friends, as well as make you more money.  If you can be a good judge of character, you will be able to avoid hiring mistakes, size up first impressions with your new boss and correctly focus on what matters to potential decision makers.  Judging someone on their skill and accomplishments is relatively objective and straightforward, but gauging their attitude is much harder and it [...]

By |3 November 2022|Categories: Daily Advice Tips|

The mystery behind Preferred Shares – should you consider them ?

I often have people ask me whether they should include preferred shares in their portfolio and although I am not a great fan of this investment product, I have many peers who use them exclusively in their client’s portfolios.  So, today let’s talk about all the different types that are available and you can see for yourself if this is an investment style you would like to entertain. What are they?  Preferred shares are corporate shares that are not classified as common or restricted.  Preferred shares usually receive a fixed [...]

By |3 November 2022|Categories: Daily Advice Tips|

Dear Money Lady, I’m in my late 30’s and don’t have a Will. I’m married and have only one child. When should l get one – do I really need it?

You are not alone.  Many Canadians put off getting a Will because they either don’t want to spend the money or they don’t want to think about the possibility of dying.  This however is a big mistake.  Dying without a Will, means you will have absolutely no say about any of your assets or care for your children or pets once you die. Let’s just look at some of the immediate issues that will arise should you die without a Will.  First, the Canadian Government will immediately become the Executor of [...]

By |3 November 2022|Categories: Daily Advice Tips|
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