Investing made simple: The basics you need to know

When it comes to investing, I used to have no idea what I was doing. I would give my husband access to my funds and put my trust in him. However, I recently decided I should start to learn a thing or two about investing, since it is one of the smartest things anyone can do with their money.

 By investing in assets that will produce income, you are setting yourself up for a more secure future. However, before you start investing, there are some basics you need to know. I wanted to share some important concepts that I have learned about investments and a foundation of knowledge that will help you make an informed decision about your money. 

Compounding

Compounding is the process of earning interest on your investment, as well as on the interest that has been accumulated over time. This can be a powerful tool for building wealth, but it only works if you reinvest your earnings back into your investment. For example, let’s say you have an investment that pays you $100 in interest each year. If you reinvest that $100, then the next year, you will earn interest not only on the original investment but also on the $100 from the previous year. This can quickly snowball into a large sum of money over time. Compounding is one of the most important concepts to understand when it comes to investing, yet it is often misunderstood or overlooked by novice investors. When you are first starting out, it can be tempting to cash out your earnings and spend them. However, if you want to build wealth through investing, you need to let your money work for you by reinvesting it.

 

Risk and Return

All investments come with some degree of risk, which is the chance that you could lose money. In general, the higher the potential return on an investment, the higher the risk. For example, investing in stocks generally has a higher potential return than investing in bonds, but it also comes with a higher degree of risk. Before making any investment, you should always consider your risk tolerance. This is your ability and willingness to lose money in pursuit of a higher potential return. If you are someone who is comfortable with taking on more risk, then you may be willing to invest in assets like stocks that have the potential for high returns but also come with a greater chance of loss. On the other hand, if you are someone who is not comfortable with taking on much risk, then you may want to invest in assets like bonds that have a lower potential return but also come with a lower chance of loss. No matter what your risk tolerance is, it is important to remember that all investments come with some degree of risk.

 

Diversification

Diversification is a risk management technique that involves investing in a variety of assets in order to offset the risk of loss. By investing in a mix of asset types, you can minimize the impact that any one investment may have on your overall portfolio. For example, if you invest only in stocks and the stock market crashes, then your entire portfolio will lose value. However, if you have a diversified portfolio that includes stocks, bonds, and other assets, then the crash in the stock market will not have as big of an impact on your portfolio’s value. Indices are a type of investment that can offer diversification and help manage risk. Diversification is an important tool for managing risk, but it is not a guarantee against loss. Even a diversified portfolio can lose money if the markets decline sharply. However, diversifying your investments can help to reduce the overall risk of your portfolio and make it more likely to weather market fluctuations over the long term.

 

These are three key concepts that every investor should understand. Compounding, risk and return, and diversification are important tools that can help you build wealth over time. By understanding how these concepts work, you can make informed decisions about your money and invest with confidence.

 

4 Reasons to go into business as a young parent

Becoming a new parent has definitely changed my life in many different ways. It has brought unconditional love that I didn’t even know existed, but at the same time my life now completely revolves around the needs of another human, which can be tiring and difficult, and has made me appreciate  working parents especially those momma bears even more ( I know my mat leave will end eventually so I need some serious tips). I have barely found a way to balance sleep and feeding myself, let alone balancing your job with your child and the emotions that come with that. It has been such a blessing to be able to spend every minute of the day watching my son grow, but the thought of daycare and then school and not having this time is definitely guilt inducing.

The thing is, it’s a really good thing that your children can see you achieve. It’s good for them to grow up with a family that has a strong work ethic as well as parents to care for them. Financially, it’s not always possible for parents to stay at home, but if you went into business as a parent that could be different. Choosing to startup your own business with homecare101.ca for example is going to help you to be more flexible with your hours. It’s going to allow you to be present while still working hard for something to develop. So, here are 4 reasons you should go into business after parenthood.

There’s less at stake 

There are high stakes in every business, but when you are a young parent, you don’t really have to worry about failing too hard. Most parents who go into business will start a business alongside a secure job. This means that while you’ll be working hard to bring your business into profit, you’re still bringing in an income. 

You have something to profit for 

As a parent, you have children to think about. You have their health and education and their future wedding, and all of the ways that you’re going to support them to become healthy and functioning adults to consider. When you are a parent, you have something to work for, so while this is going to take a lot of your time and you’re going to get very little sleep (what else is new?), you’re going to push yourself to the limit and you’re going to be determined to achieve. 

You are more calculated 

 When you’re a parent, every decision you make is crucial. You’re going to be more calculated in all of your decision-making so that you don’t make the wrong decisions. You know that you can’t just be frivolous, which means that when you are working towards something in a business, you are going to have your children in mind the whole way.

The idea of early retirement becomes a real goal 

If you have an epic idea and you manage to make it profitable, you can retire early and spend more time with your kids!

 

Why the Sunshine Coast should be on your summer bucket list

Summer is right around the corner, which means it is time to get out and explore, and I might be a bit biased, but I think British Columbia is one of the most beautiful places to explore. One of the places I love exploring is the Sunshine Coast. I make a trip out there every single summer. Recently I had a chance to explore with Destination BC and wanted to share some of the top things to see and do.

 

Traveling to the Sunshine Coast

One of the reasons I love the Sunshine Coast as a vacation spot is the fact that it is easy to get to. The ferry from Horseshoe Bay to Langdale is just 40 minutes and you only have to pay for one way (some of the other BC islands I want to travel to require multiple ferries and hours of travel).

Where to stay

I have had the chance to stay in 3 different areas on the Sunshine Coast, Gibsons, Sechelt, and Egmont. Each area offered a unique and different experience. I loved the cute shops and restaurants of Gibsons, the outdoor adventure in Sechelt, and the tranquility and relaxation in Egmont – the best thing is you can explore all 3 in one trip.

There are many different options for lodging on the Sunshine Coast and I have been lucky enough to stay in different areas and places. There is a wide variety of Airbnb options, including ones right on the water. There are also adorable B&B and Cottages. One of my favourite stays was at the West Coast Wilderness Lodge. The lodge was gorgeous with rooms offering ocean views. The restaurant on site was fantastic and there was a beautiful patio where you could watch the sunset and search for whales. They also offer a ton of packages that include meals and tours.

What to do

There is so much to see and do across the Sunshine Coast. Like I mentioned there truly is something for everyone – for the foodies, and the outdoor enthusiasts, and the ones that want to just relax. Here are my top must do activities to do on the Sunshine Coast.

  • Hike to Skookumchuck Narrows: I have seen some incredible natural wonders in B.C. but this might top them all. Twice a day nature dances as the tides at the narrows change and the water actually reverses direction. The difference in water levels between on side of the rapids and the other is sometimes 9 feet high. Come at the right time and you can catch kayakers daring the waves the tide creates. Another highlight is the gorgeous forest you walk through to get to the narrows – make sure to grab a coffee at the Skookumchuck Bakery and Cafe before your walk, it is the cutest cafe I have ever seen and you can pack a picnic to eat while watching the show.
  • Princess Louisa Inlet: The float plane ride to the inlet was enough to make this trip a must do. You soar over the beautiful fjord beside snow capped mountains landing at what has been dubbed the  ‘most beautiful anchorage in the world’ and for good reason. The granite walls of the inlet are powerful, but what will truly take your breathe away is the beautiful Chatterbox Falls – a stunning 120 foot waterfall. Because of the risks the tides cause in the area it is recommended you travel here with an experienced guide. I loved the plane tour with Sunshine Coast Air.
  • Take a canoe or kayak on the water: When I stayed in Egmont we teamed up with the Egmont Adventure Centre for a day of kayaking. We went on the Sechelt Inlet Kayaking Tour. It was so peaceful to be out on the water and a big highlight was stopping by a rock that was famous for its seal population. There were more than a dozen of them, including some new pups.
  • Take a hike: The Skookumchuck Narrows is just one of the beautiful hikes on the Sunshine Coast. There are so many beautiful trails to explore. A must see is Smuggler Cove. The hike takes you through a lush forest that then opens up into a beautiful cove. Pack some snacks because the rocks overlooking the cove offer the perfect spot for a picnic.
  • Mountain Biking: While I am definitely not a mountain biker my husband and his friends absolutely love a day at Coast Gravity Bike Park. Known for it’s trails built by riders for riders.
  • Take a sip on a brewery tour: Our first trip to the Sunshine Coast we stayed in Gibson and decided to do a little bike brewery tour. There are some great spots that are part of the Sunshine Coast Ale Trail. We started at the 101 Brewhouse for lunch and a drink before enjoying the sunshine and even some whale watching on the patio of Tapworks Brewery  and then we finished off the tour at the ever popular and beautiful Persephone. Sometimes during the summer there is even a market at Persephone.
  • Shop until you drop: Both Sechelt and Gibson had some adorable local shops. I loved supporting some local businesses, and every time I visit the Sunshine Coast I make sure to come home with some delicious olive oil. Both towns have their own olive oil shop!

 

Where to eat

The different towns might be small but mighty when it comes to restaurant and food options. Here are some of my favourite spots to dine on the Sunshine Coast.

  • Buono Osteria (Gibsons): We went for dinner here for my husband’s birthday who loves pizza, and he said this is potentially the best pizza he has ever had. The owner is first generation from Italy and they make their pizzas in  a wood burning oven.
  • Lunitas Mexican Eater (Gibsons): You cannot beat this location – right on the water the patio is beautiful and the tacos are delicious
  • Smitty’s Oyster House (Gibsons): Another oceanfront location with delicious food and drinks and just a really fun vibe.
  • Beachcomber Coffee (Gibsons): Locally roasted coffee, this is a quaint little cafe and a must stop to start the day
  • El Sugundo (Sechelt): This place is a must visit. They are famous for their delicious tropical cocktails and their delicious pan pacific fusion food
  • The Bakery (Sechelt): The name says it all. A delicious bakery that serves up simple yet savoury breakfast treats

 

My experience with Lovevery play kits

Being a new mom is extremely challenging. You have to get into a good feeding routine, and sleep training, and then there are those milestones that even though everyone tells you not to worry about them too much, you still worry way too much. Because of this I did a lot of reading and research into toys that could help my baby’s development and hopefully help him reach those milestones – although again I try to tell myself daily that every baby is different and will develop in their own time.

In my endless google searches I came across Lovevery. On the website it states that the play products are designed by child development experts to help children get what they need at every stage of development. If you read further, the website has more information on exactly who those experts are. Different doctors that specialize in neuroscience, experts in Montessori learning, and psychologists to name a few. And so I ended up connecting with Lovevery after Max was born to see if I could give their products a try.

The first kit that we got was the 3-4 month play kit. When the kit arrived it came with instructions on how to use each toy that was included and at what stage to introduce them into playtime. In the box we found contrast cards, a soft book, a mirror card, a rubber teether, crinckle bag, silicone teether, wooden rattle, framed mirror, rolling bell, and hand to hand disk. I was surprised at just how much came in the kit.

The instruction book came with talking points for 3 and then 4 months. Different things to expect from your baby and things your baby may like at this point in their lives and then went into detail about each play thing. Why it is useful at this given age and how to use it. It really took the guess work out of how to help my baby develop with these items and as a new mom made the hours and hours of play time each day (which don’t get me wrong I love but sometimes don’t know what to do) make more sense.

And as soon as Max hit three months he  started to thrive with these toys. He loved looking at the mirror for tummy time, grabbing the soft book, and rolling the bell. It was amazing to see the wonder and enjoyment in his eyes but also see developmental leaps start to happen. Grabbing with both hands at just three months, rolling onto his side around that time too. I was impressed to see his progress in such little time.

Takeaways from working with Lovevery:

  • It takes the guesswork out of play time 

I never had to take time to do my own research when it came to toys. They sent them straight to my door each month with a guide on how to play with them and when.

  • There is a variety of toys 

You don’t just get one or two toys each month, you get a handful that all have different uses which I really loved. We had rattles to work on our hearing senses, teethers for touch, and mutli-coloured toys for sight.

  • They are child safe and sustainable 

If you watch my work on the Weather Network you know how important sustainable products are to me. I love that these toys are built to last and made with sustainably harvested wood and nontoxic paint.

I am a big fan of Lovevery and cannot wait to watch max continue to grow with these toys.

Happy play time mommas,

xo

Mia

 

How to know if you’re doing a good job as a parent

Last night we spent 4 hours in the ER because Max had a spider bite that wasn’t looking great. It turns out it got infected and he had cellulitis. I cried the whole way home saying I was a bad mother for letting this happen to him – full well knowing there was nothing I could of done to prevent it.

Becoming a parent is one of the most significant decisions you will ever make in your life. So far these two months have been the hardest yet most rewarding of my life, and since there is no handbook on it – it can be hard to  know if you are doing a good job or not, trust me most times you are even if it doesn’t feel like it. So I wanted to share some tips I have picked up in the short few months I have been a mom that I believe show you are doing a great job! 

1) You Are Loving And Supportive

One of the most important things a parent can do is provide love and support to their child. If you are always there for them, both emotionally and physically, then you are doing a great job! Children need both emotional and physical support to thrive. If you can provide that for your child, they will be very grateful!

 

2) You Are A Good Role Model

Children learn by watching their parents. If you want your child to grow up to be a good person, it is essential to set a good example for yourself. Be kind, patient, and understanding with your child, and they will likely follow suit. It is also essential to teach them right from wrong; this will help them make good decisions when they are older.

 

3) You Are Looking After Their Health

It is essential to look after your child’s health, both physical and mental. This means ensuring they are eating healthy foods, getting enough exercise, and getting enough sleep. It is also vital that their vaccinations are up to date and that they visit the doctor regularly. If you can do all of these things and take them to clinics, like CBD medical, then you are doing a great job as a parent!

 

4) You Respect Your Child’s Privacy

It is essential to respect your child’s privacy, even if they are still young. This means that you should not invade their space or read their diary without permission. It is also essential to allow them to have some independence and make their own decisions, as long as they are not putting themselves in danger. Respecting your child’s privacy will show them that you trust and care about them.

 

5) You Are Involved In Their Life

Another sign of a great parent is being involved in their child’s life. This means attending school functions, knowing what they are interested in, and being there for them when they need you. It is also essential to provide guidance and support and allow your child to make their own mistakes. If you can do all of these things, then you are doing a good job!

 

6) You Are A Good Listener

A good parent is a good listener. If you are always there for your child and will listen to them without judgment, then you are definitely doing a great job! It is essential to be patient and understanding when your child is talking to you. This will help them feel comfortable coming to you with anything they need to talk about.

These are just a few things that have helped me so far – this and trying to have patience and forgiveness for myself as well as I learn and navigate this new chapter in my life. Parenting can be difficult, but it is also enriching. Be patient, and never give up on your child! They will appreciate everything you do for them.