15 FINANCIAL TERMS TO CHANGE YOUR LIFE
As immigrants, we all want to be financially independent and make the most out of our salaries to support our families back home. Nevertheless, it is tough to reach this goal without basic knowledge of how the financial industry works in Canada. Especially when there are so many financial terms and complicated jargon. Keep calm! […]
TIPS TO SAFE TIME WHEN SENDING MONEY TO IRAN
Whenever you transfer money to Iran using LUMENWIRE, sending money instantly to Iran is a piece of cake. You can send money to Iran in just 2 minutes from the comfort of your home. All you need to create your verified account is one piece of government ID and a secondary piece of ID, access […]
Is it legal to send money to Iran from Canada?
Sending money to Iran from Canada is challenging due to the sanctions imposed by the Canadian government. For the past 10 years, people in Canada and Canadians outside of Canada have not been allowed to transfer funds to Iran. Canadian banks, financial institutions and independent money transfer services like Western Union will not process money […]
What are the Common Approaches to Investing?
Investment Vs Speculation Before we even start discussing the types of investing it is important to notice how common it is today to cover gambling and investing under one shared blanket. When many are asked to define investing the most common response is putting money away today to earn more tomorrow. Although this is partially […]
TAKE STOCK OF YOUR CURRENT FINANCIAL SITUATION
Discovering yourself Financially The prospects of high returns and daily stock quotes can be overstimulating at times , and for many this can be confusing. Many have come to believe that investing is difficult because of the copious amounts of websites and information available. Some common myths are that investing is just the same as […]
HOW TO SEND MONEY FROM IRAN TO CANADA?
When sending money abroad to your loved ones, there are two critical factors: Firstly, timeliness. Sending money to Canada or Iran often takes a long time. When paying your tuition or other time-sensitive expenses, it is imperative that the money transfer service is done as fast as possible. At LUMENWIRE we understand the need for […]
THE BEST WAY TO PAY TUITION FEES FOR IRANIAN STUDENTS IN CANADA?
Studying abroad in Canada is a dream opportunity that brings along great learning and professional opportunities. Many international students including students from Iran continue to choose Canada as a study abroad destination. While studying in Canada, your parents or guardians will need to send you money for your tuition fees. Sending money transfers from Iran […]
HOW TO OPTIMIZE YOUR SAVINGS IN CANADA?
The current economic state has been financially challenging for everyone. Job losses, business closures and financial insecurity have happened so quickly. The federal and provincial governments of Canada have offered emergency financial support for Canadians to cushion the impacts of COVID -19 on the economy. Though government stimulus is essential during an economic slowdown, there […]
4 TIPS ON SAVING MONEY WHILE LIVING IN CANADA
Canada is one of the most sought-after destinations for immigrants and international students due to its friendly multicultural environment and social welfare benefits. However, like any developed country, living in Canada can be a little challenging especially when you are still finding your way. We have put together 4 tips that can help manage the […]
WHAT TO DO WITH MY RENT OR MORTGAGE DURING COVID-19
COVID-19 is a health crisis, but it can potentially have a short and long term financial impact on your life. This blog provides you with useful tips and tricks you may need to keep in order to stay safe. We will be sharing these tips and tricks weekly. Some of this information may change with […]