Steven Porrello, Author at The Motley Fool Canada

Recent Articles

Personal Finance

Don’t Count on Low Mortgage Rates Forever: a Rate Hike Could Come Sooner Than You Think

December 28, 2021 | Steven Porrello

Will a mortgage rate come early next year, or will the Omicron variant postpone it?

10 Different Ways to Understand Just How Big Elon Musk’s US$11 Billion Tax Bill Is

December 27, 2021 | Steven Porrello

Elon Musk's tax bill is US$11 billion. Here's what that sum could buy.

From Uber to Alcohol: These Deals Could Help You Get More Aeroplan Rewards for Everyday Shopping

December 24, 2021 | Steven Porrello

How can you amass more Aeroplan points? Easy -- shop at these retailers.

5 Questions to Ask Before Opening Your First Brokerage Account

December 24, 2021 | Steven Porrello

It pays to do your research before you open your first brokerage account.

How to Stack Canadian Tire Offers (And Earn a Tonne of Rewards)

December 24, 2021 | Steven Porrello

How does stacking work? Below, we'll show you how to stack personalized offers with flyer discounts to help you earn…

Personal Finance

Here’s Why You Should Use Your Credit Card for Every Holiday Purchase (Hint: It’s Not Reward Points)

December 23, 2021 | Steven Porrello

Do you use cash for holiday purchases? If you don't want to miss out on these benefits, use a credit…

If You’re One of These 4 Types of People, You Should Wait to Buy a Home

December 22, 2021 | Steven Porrello

Who's ready to buy a home? If you're one of these four types of people, then it's probably not you.

5 Things No One Tells You About Early Retirement

December 22, 2021 | Steven Porrello

Early retirement is a popular idea. But here are five things early retirees don't tell you.

If You’re Using Your Side Hustle to Fund Your Lifestyle, You’re Totally Missing the Point

December 21, 2021 | Steven Porrello

Here's how a side gig can become both a waste of time and money.

Is 2022 Really the Worst Year to Be a New Investor? Possibly, But Here’s Why You Should Invest Anyway

December 20, 2021 | Steven Porrello

Why are investors so pessimistic about 2022? If you're a new investor, what should you do? Let's take a look…

Personal Finance

Canadian Tire vs. CIBC Costco Mastercard: Which Rewards Card Is Better?

December 20, 2021 | Steven Porrello

The CIBC Costco Mastercard and the Canadian Tire Mastercard have entered the rink. Which one will come out victorious?

1 Thing Everyone Gets Wrong About Early Retirement (And 1 Thing They Get Right)

December 20, 2021 | Steven Porrello

It's not about not working. It's about having the financial security to find a job you love.

close-up photo of investor Warren Buffett

Personal Finance

Warren Buffett to New Investors: Don’t Invest Like Warren Buffett

December 18, 2021 | Steven Porrello

Buffett is the kind of investor you want to emulate, right? Well, if you're a beginner, maybe not...

Could Working in Your 70s Be the New “Dream” Retirement?

December 18, 2021 | Steven Porrello

Let's face it: most of us are freaking out about retirement. Last month, in fact, the Global Retirement Index told…

How to Turn a Side Hustle Into a Million Dollar Retirement Fund

December 18, 2021 | Steven Porrello

Can your side hustle help you retire a millionaire? It's certainly possible, but you'll have to apply these things to…

How to Travel Around the World With 150,000 Aeroplan Points

December 17, 2021 | Steven Porrello

Here's how to use 150,000 Aeroplan points to fly from Canada, around the world, and back to Canada. Twice.

Personal Finance

The One Cash Back Secret Everyone Is Missing: Double-Dip With Cash Back Apps

December 17, 2021 | Steven Porrello

Maxing out your cash back has never been simpler, and it comes to us in the form of cash-back apps.

Personal Finance

Rewards Points Become Worthless Over Time. Here’s What Happens When You Don’t Use Them

December 17, 2021 | Steven Porrello

Credit card rewards aren’t like stocks: you don’t want to hold on to them for the long-run. Though amassing rewards…

Personal Finance

How to Earn Double the Rewards on the CIBC Costco Mastercard

December 16, 2021 | Steven Porrello

With a Gold Star Executive Costco membership, you earn 2%. Stack that with a Costco Mastercard, and you'll earn even…

3 Mortgage Mistakes Every First-Time Homebuyer Makes (And How to Avoid Them)

December 16, 2021 | Steven Porrello

Mortgages can be fairly complicated, and if you're blinded by low rates, you could make some pretty costly errors.

Will House Prices Level Out in 2022? Here’s Why Homebuyers Shouldn’t Hold Their Breath

December 16, 2021 | Steven Porrello

Could home prices level out in 2022? It's possibly, but here's why I'm skeptical.

5 Life Hacks From Elon Musk That Could Help You Reach Your Full Potential

December 14, 2021 | Steven Porrello

What can we learn from Musk about meeting our full potential? He has a lot to say on this topic,…

5 Ways You’re Wasting Your Aeroplan Points

December 13, 2021 | Steven Porrello

If you don't understand how the Aeroplan program works, it's fairly easy to redeem your points for the wrong things,…

Here’s What I Don’t Like About the Canadian Tire Mastercard (Hint: How Much it Earns)

December 11, 2021 | Steven Porrello

Thinking about getting the Canadian Tire Mastercard? Consider these three drawbacks first.

First-Time Homebuyers, Watch Out: This Is How You’ll Lose Money on Your First Home

December 10, 2021 | Steven Porrello

With home prices high, you don't want to lose money on these common mistakes.

No Time for a Side Gig? Try These Passive-Income Ideas Instead

December 9, 2021 | Steven Porrello

If you're looking for a simple passive-income strategy, these three can certainly point you in the right direction.

3 Things I Really Don’t Like About the New CIBC Costco Mastercard

December 8, 2021 | Steven Porrello

Find out what this writer dislikes about the new CIBC Costco Mastercard.

Personal Finance

Here’s Why December Might Be the Best Month to Apply for a New Credit Card

December 8, 2021 | Steven Porrello

If you're in the market for a new credit card, here's why you should get one before December ends.

12 Simple Ways to Earn Cash Back This Christmas

December 7, 2021 | Steven Porrello

Apply these 12 strategies, and you can amass more cash back this Christmas.

Want to Retire Early? Use an RRSP First, Not a TFSA

December 7, 2021 | Steven Porrello

Both RRSPs and TFSAs can help you with your early retirement strategy. But the RRSP has a leg up on…

No Retirement Savings at 40? Do These Things ASAP to Catch Up

December 7, 2021 | Steven Porrello

Hey, don't worry -- you still have time to save. Do these things now, and you'll be back on track.

New Tax Breaks Are Coming in 2022: What Does That Mean for Your Income?

December 7, 2021 | Steven Porrello

What tax changes can you expect in 2022?

Why Is Elon Musk So Productive? Here’s How He Gets More Work Done Than the Average Person

December 6, 2021 | Steven Porrello

How does Elon Musk manage three major companies? These three productivity tips might help us understand his drive.

These Beginner Stock Trading Mistakes Could Stop You From Long-Term Success

December 6, 2021 | Steven Porrello

If you're new to stock trading, and you don't want to go broke, here are three common mistakes to avoid.

Personal Finance

3 Passive-Income Myths That Could Get in the Way of Making Some Serious Money

December 6, 2021 | Steven Porrello

To earn serious money, you have to see through the myths.

3 Round-the-World Trips That Will Help You Get the Most Out of Your Aeroplan Points

December 6, 2021 | Steven Porrello

Ever since Aeroplan revamped their rewards program last year, travelers have had a unique opportunity to travel around the world…

Personal Finance

Feeling Short-Staffed? Bring More Employees to Your Small Business With These Hacks

December 4, 2021 | Steven Porrello

Here are just three hacks that could help you draw some much-needed employees to your small business.

Bank of Canada to Homebuyers: Don’t Buy Right Now!

December 3, 2021 | Steven Porrello

Let's take at the primary reason why the Bank of Canada is suggesting now is not the best time to…

Finally Revealed! Perks for the New CIBC Costco Mastercard

December 1, 2021 | Steven Porrello

Finally -- the CIBC Costco Mastercard's perks have been revealed.

Personal Finance

Is That Credit Card Welcome Bonus Really Worth it? Here’s How it Could Come Back to Haunt You

December 1, 2021 | Steven Porrello

Credit card bonuses don't always live up to their reputation. Here's how a welcome bonus can go wrong.

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