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Money Diaries
"UNTIL 44 YEARS OF AGE, I NEVER HAD ANY KIND OF SAVINGS ACCOUNT. I’D ALWAYS BEEN UNDER THE GUN. I’D ALWAYS OWED MONEY."
Anthony Bourdain
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Money Diaries: The (Kinda) NSFW OnlyFans Edition
Money Diaries
How to Break Up Financially When You Break Up
Finance for Humans
Karen Russell: A Brutally Honest Accounting of Writing, Money, and Motherhood
Money Diaries
A Man Known As Beeple Made $3.5 Million Selling His Digital Art in a Weekend
Money Diaries
GME, Doge, Supreme: How Getting Rich Went Full Internet
Money & the World
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The latest news from Wealthsimple
Listen to Our New Podcast!
We call it the Wealthsimple Magazine Podcast. How did we come up with the name? We’ll explain, but the short answer is: high-priced naming consultant.
We Raised $750 Million. We’re Using it to Make Money Easier for Everyone
It may be the largest tech investment ever in Canada. And it’s not just a huge vote of confidence, but a challenge to revolutionize the finance industry on behalf of all of us.
Building a Better Wealthsimple: A Diversity & Inclusion Update
It’s the start of a new year, and it’s a good time to check on what we’re doing to make good on the promises we made last year to be a more diverse, inclusive company. Here’s where we are.
The Best Path to Financial Literacy? Build Products People Actually Understand
It’s Financial Literacy Month, which means banks and other institutions will trot out apps and courses to help people learn more about how to manage their money. But they won’t address the real problem: their own needless complex and opaque products.
Wealthsimple Has the First Regulated Crypto Trading Platform in Canada. But What Does That Even Mean?
We believe Black lives matter. We are committed to building a more diverse team, and to supporting our Black communities.
We Were Not Living Up To Our Principles. Here's What We Are Doing About It
We believe Black lives matter. We are committed to building a more diverse team, and to supporting our Black communities.
The Wealthsimple Experience Is About to Get Even Better
When you log in to Wealthsimple in the next week, things are going to look a little different. Our new experience gives you a clearer picture of where you are, so you can make better decisions about where you want to go.
Your Portfolio Just Got Even Smarter
We’ve made some really important tweaks to our investment mix, designed to help protect you in a downturn and leave you poised for better returns in the future.
Our New Round of Investment Means Smart Financial Services Are Coming for Everybody
Can a $100 million investment help change the financial industry?
Our Investing Master Class Will Make You Smart Three Minutes at a Time
In ten episodes we make learning if, how, and when you should invest as painless, entertaining, and actually inspiring as possible.
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Money Diaries
Candid money stories from interesting people
The TikTok Economy, Explained by Snarky Marky
In 2020, he was just a college student living with his parents in Toronto when a TikTok he made went viral. Now he has 4.3 million followers and a one-person business. He tells us how it all works, down to the dollar.
It’ll Work Itself Out (It Actually Won’t)
He’d finally achieved what he’d always wanted. He was a writer, in New York, people knew his name. But under his bed was a plastic bin that contained — in the form of bills and notices — another man entirely. An addict and a debtor. And that man had come calling.
Money Diaries: The (Kinda) NSFW OnlyFans Edition
OnlyFans is a kind of digital revolution in sex work that purports to give the power to the workers instead of the overlords. @thatfatbabe, @chloevenom, and @andywithabig🍆 tell us the truth about life inside the naked social economy. (Warning: explicit content.)
A Man Known As Beeple Made $3.5 Million Selling His Digital Art in a Weekend
Meet Beeple. Born Mike Winkelmann in small-town Wisconsin. For thirteen years he’s been making digital art, often for free. Then, thanks in part to the technology that powers cryptocurrencies, he made $3.5 million selling his art in a weekend. He tells us his story.
How to Go From Working in a Steel Mill to Being the Highest Paid Actor on TV
Ed O’Neill made his career during the era when networks dominated TV, starring in “Married... With Children” and “Modern Family.” He also gives a stunning performance in the recently released film “The Last Shift,” a new comedy about working-class life. He opens up to Wealthsimple about earning $300 a week in a steel mill in Youngstown and getting a $3-million bonus in Hollywood.
Karen Russell: A Brutally Honest Accounting of Writing, Money, and Motherhood
The novelist didn’t realize how fervently society wants to turn us into calculators — every action has a payment or a fee — until she had her first child. Here she reckons with motherhood’s ticking meter: every minute with her kids is work lost, and each minute writing subtracts from precious, un-price-able joy.
Friends with Money: Playwright Jeremy O. Harris
In the second installment of her series, Tori Sampson talks to her friend from grad school, who has become a TV writer with an HBO deal and the author of the play that this year received the most Tony nominations ever.
Friends with Money: Comedian Sam Jay
In her interview series Friends with Money, playwright and writer, Tori Sampson, talks to people she knows (and some she doesn’t) about money, what it’s like to have it and to be without it. Here, in her first installment: stand-up comedian, Saturday Night Live writer, and star of the Netflix special “Sam Jay: 3 in the Morning”, Sam Jay.
Joel Kim Booster Was in Massive Student Debt Until Last Year
Before he was cast in Sunnyside or had a Comedy Central special or wrote for Billy on the Street, he was raised working class in Illinois, saddled with huge student debt, and worked marathon hours doing customer service for Groupon. Joel Kim Booster shares his money story.
Tynomi Banks’s Big Break Was Probably Getting Fired From a Corporate Job
On the heels of her elimination from Canada's Drag Race, the world-class drag performer talks about inequality in the drag world, her mother’s lessons in hustle, and drag during the time of covid.
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Finance for Humans
How to be a better money person
How & Why to Break Up with Your Financial Advisor
They might be nice and have a cool business card and wear comfy sweater vests, but they are probably charging you four times more than they need to for things you don’t use. Here’s how to know if you really need your friendly neighbourhood financial advisor.
How to Break Up Financially When You Break Up
It’s not just a matter of packing up all his weird old underwear, it’s also a matter of “wait, who just rented ‘Miss Congeniality’ on iTunes for $3.99 because I sure didn’t.” Here’s our guide to changing passwords, discontinuing joint accounts, and all the stops on your financial break-up checklist.
Ask Lizzie: Can I Personal Finance My Way Out of a Career of Discrimination?
Lizzie got a question from a friend: if you sense you've been the victim of pay discrimination, what do you do? Which begs the question: how do you even know if you're being underpaid, how do you ask for more, and why is it up to you to solve this problem in the first place? Here's what she says.
How To Pick a Charity That Does The Most Good
You have until December 31st to make a tax-reducing contribution to a charity. But not all charities are created equal. Some are inefficient, or ineffective, and some are even scams. Here are four simple ways to make sure you’re giving to the right one.
How Do You Invest When Interest Rates are at 0%? A Wealthsimple Guide
Interest rates are historically low. Savings accounts earn almost nothing. So how do you help your money make money? We get slightly nerdy with Ben Reeves, Wealthsimple Chief Investment Officer.
Crypto Quiz Part Two: The Flippening
OK, so you passed our first quiz and know that hodl is not short for “hot noodle.” Now, in part two, it’s time to find out whether you know if a flippening is a hairstyle or if Mt. Gox is a ‘shroom spa.
The Crypto Quiz! (Part 1!)
How well do you know crypto terms? Test your skills, grill your Zoommates, and become a world-champion cryptographer with our first ever crypto quiz.
Ask Lizzie: Can I Stop Being Friends With Rich(er) People?
This week, our columnist talks to a reader who is fed up with people who have more and is wondering if it’s ethical to just erase them from your life.
The Five Worst Reasons to Be Trading Crypto
Wealthsimple Crypto is Canada’s first regulated crypto exchange. But that doesn’t mean everyone should use it.
Help! This Is a Super BFD!
How do you make a Big Financial Decision (BFD) — like buying a house or starting a business or selling an asset — in the middle of a hurricane of uncertainty? Here’s a guide to deciding (and deciding if you should decide) in a time when no one wants to.
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Money & the World
How money shapes the world we live in
We Discovered the True Identity of the NFT Artist “Pak”
In our latest podcast episode, investigative reporter Alex Palmer tracks down the elusive artist, interviews them, and wonders: what do you do when you know the answer to art’s greatest mystery?
The Wealthsimple Explainer: NFTs
NFTs are suddenly trendy, minting overnight millionaires letting people turn LeBron dunks into assets. But they’re actually more revolutionary than you might think. Here’s what they are, how they work, and why they’re important.
The Pandemic Economy: Why Parenting Inequities Make Mothers Leave the Workforce
Jessica Calarco, a sociologist at Indiana University, has been studying the effects of the pandemic on mothers. What she’s found is that entrenched inequities, when it comes to stuff like housework and parenting, have created an invisible employment crisis for women.
GME, Doge, Supreme: How Getting Rich Went Full Internet
The idea has always been that value — in stocks, art, precious metals, whatever — is inextricably tied to “fundamentals.” But it seems the internet changed that (hello, GME and Dogecoin!). Felix Salmon explains that if you want to understand finance now, you’d be better off studying Supreme than an annual report.
Tesla Invested Billions in Bitcoin. But That May Not Be the Biggest Crypto News
What does it mean when a giant company parks billions in cryptocurrency? It’s a vote of confidence, sure. But maybe not the kind you’d imagine. We unpack what it means, who it’s going to affect, and what it portends for the future of Bitcoin.
We Fact-Check Theories About Meme Stocks and Online Brokerages
Brokerages stopped trading on stocks like GameStop, issued warnings when people tried to trade, and even had to raise billions to shore up their businesses. There’s a hurricane of misinformation about why all that happened. Here we weigh in on what’s true, what’s false, and what we just don’t know the answer to.
How the GameStop Phenomenon Happened. And Why the Losers May Not Be Who You Think
A conversation with Ben Reeves, resident market genius (and Chief Investment Officer at Wealthsimple), who explains what happened, the changes it shows in the world of investing, and how, in some ways, it reflects the same problems individual investors have always faced.
The Market Value of My Father
When the novelist Joshua Ferris’s family blew up, his mother revealed a truth: his father was worthless, a con man. A bad investment in their lives. But years later, a mysterious book about Wall Street showed up—a gift from his father—that began to change the story.
How to Buy Fleeting Moments in Sports History
Digital collectibles may bring crypto and blockchain to the masses, one LeBron James moment at a time.
The Code That Controls Your Money
COBOL is a coding language older than Weird Al Yankovic. The people who know how to use it are often just as old. It underpins the entire financial system. And it can’t be removed. How a computer language controls the financial life of the world.
