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Latest Questions

 

Feb 15, 2012

Dr. Marion Somers, PhD

Dr. Marion Somers, PhD

Elder Care Expert

Q:

My father recently passed away, leaving behind my 85 year-old mother. Until recently, she was 100% self-sufficient, but now she’s in declining health and I need to hire an aide to help care for her. Do you have any helpful hints? asked by Michelle, Illinois

A:
Hiring an aide is a very important part of the caregiving process, and it’s worth taking the time to do it right. Don’t hire the first person that comes along. Your aide needs to be a good personality match with your mother. After all, they’ll be spending countless hours together. In the best-case scenario, an aide could become like a new member of your family. read more »
 
 

Feb 11, 2012

Lexie Magyar-Chapiel

Lexie Magyar-Chapiel

Online Business Expert

Q:

I have a local business but I don’t have my own website. I’m wondering if there’s any way for me to get my business listed on Google without a website? asked by Anonymous

A:
It’s great that you’re starting to look at ways of getting new customers online! A great first step is to create a Google Places page for your business. read more »
 
 

Feb 10, 2012

Lexie Magyar-Chapiel

Lexie Magyar-Chapiel

Online Business Expert

Q:

I work as a freelancer and I’ve been hearing more and more about LinkedIn. How can I use it to get new clients? asked by Anonymous

A:

LinkedIn is a great way to build your professional network and start to get referrals! You can create a free profile at linkedin.com.

The first step is to complete your profile. Make sure you select your industry and location and use lots of words that you think prospective clients would be searching for. For example, for me to have “SEO consultant” in my headline is a great way to attract new clients. Add a picture and specific skill sets by walking through the profile set-up steps. Remember, the more complete the better!

read more »
 
 

Feb 9, 2012

Lexie Magyar-Chapiel

Lexie Magyar-Chapiel

Online Business Expert

Q:

How can I get new customer leads through my website? asked by Anonymous

A:
The first step to getting new leads through your website is to set up a lead form. This can be a simple form on your contact page or via a ‘request a consultation’ page. I use GravityForms.com on my website but many people also use WuFoo.com forms because they are a little more user friendly. Have your webmaster set these up on your website. read more »
 
 

Feb 3, 2012

Jenifer Bartman

Jenifer Bartman

Business & Venture Capital Expert

Q:

How are online businesses funded? Is venture capital an option? How should a board of advisors be paid? For about 2 years, I have had an idea for an informative website on a topic that is really hot, but I still do not know how I can fund it and find partners. I have researched the topic and realized that there is a need; however, I do not have any personal finances to realize my idea. asked by M., financial advisor, Etobicoke, ON

A:
The questions you have asked are important ones and cut to the core of launching a new business venture: (i) Is there a market need for the business? (ii) Where could financing or investment capital be found? (iii) How could qualified advisors be attracted? (iv) What is the Founder’s financial role? read more »
 
 

Feb 1, 2012

Dr. Marion Somers, PhD

Dr. Marion Somers, PhD

Elder Care Expert

Q:

I am almost totally overwhelmed with having to be a caregiver for my father and work full time. I feel like I want to tell my boss and maybe even a co-worker about what's going on, but I'm really scared to bring it up. What should I do? asked by Julia

A:
Before talking to anyone, consider the following questions so you can individualize your situation. Thinking about these answers will help you move forward. read more »
 
 

Jan 30, 2012

Stephanie Holmes-Winton

Stephanie Holmes-Winton

Debt Expert

Q:

I have a question regarding my husband's credit score and how to improve it…We would like to purchase a home in the next 2 years and want to make sure that we can get a mortgage… asked by Anonymous, management consultant, Mississauga, ON

A:
First of all, you did exactly what I would have told you to do for the first step. Good work! The two big things to improving a poor credit score are time and good behavior; those together will heal your husband’s credit. As for items that went to collections, if they were written off, they will eventually drop off his credit; however, they may still show for some time which could affect a lender’s perception of your husband as a borrower, even if the three-digit number looks good. read more »
 
 

Jan 29, 2012

Stephanie Holmes-Winton

Stephanie Holmes-Winton

Debt Expert

Q:

I'm starting over at 47 and attempting to buy a house on my own. My only debt is credit card debt ($23,000) and my list of assets is low, since I sold everything to move. My current bank wants a co-signer and will not assume the debt from another institution. What are my options here? asked by G., emergency dispatcher, Edmonton, AB

A:
Please don’t buy a house, at least not now. I applaud your efforts to be independent, but $23,000 of credit card debt is, in my opinion, significant for one person to carry and not good footing upon which to enter home ownership, especially if you’ve got only one income. read more »
 
 

Jan 28, 2012

Jeanne Krahn-Matthewson

Jeanne Krahn-Matthewson

Accounting & Tax Expert

Q:

I plan to move to Germany in the spring to work for my Toronto-based company's German subsidiary in Frankfurt. I plan to live, work and study there for 2-4 years and then come back to Canada. What should I do with my RRSP, TSFA and savings investments while in Germany, to minimize double taxation on interest gains? asked by T., European Sales Manager, Toronto, ON

A:
For Canadian tax purposes, you are deemed to dispose of almost all of your property at its fair market value on the day that you emigrate from Canada. This will include all non-registered investments that you have. You are not, however, deemed to dispose of your registered investments (RRSPs and TFSAs). read more »
 
 

Jan 27, 2012

Stephanie Holmes-Winton

Stephanie Holmes-Winton

Debt Expert

Q:

How do you get away or break the cycle of payday loans? Help! asked by Anonymous, Toronto, ON

A:
The good news is you can break the cycle. The bad news is you’ve got to be willing to be financially uncomfortable for at least 30 days to do it. Here’s how… read more »
 
 
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