Discover the underlying problems: Nelson Nash’s words resonate with the importance of being aware of the issues before seeking solutions. What challenges are we currently facing?
Did you know RRSPs violate a major rule of investing? Learn how and why from a 40-year financial planning veteran.
The Canadian Federal Government has launched the First Home Savings Account (FHSA) to assist first-time homebuyers. The account allows tax-free savings of up to $40,000 with annual contribution limits and tax deductions. Qualifying withdrawals for home purchase are non-taxable, but there are conditions for eligibility and withdrawal. The FHSA differs from RSP and TFSA in various ways.
A new study has revealed that you may pay up to 23 times more in tax than the tax you saved!
In “Secrets of a Wealth Creator: How to Buy, Borrow, and Pay Smarter,” the key to financial success is revealed as not what you buy but how you choose to pay for things, particularly major capital purchases. Major capital purchases are those that cannot be paid for in full with your regular monthly cash flow. Instead, they often require financing, for example purchasing a car, going on vacation, or even buying new tires. Therefore, the focus is on buying smarter, borrowing smarter, and paying smarter. This book provides tips and tricks on how to make smarter financial decisions and manage your money more effectively. By being mindful and strategic with your purchasing, borrowing, and payment habits, you can create financial stability and build wealth over time.
A good attempt to cover the topic of Infinite Banking® in a November 21, 2023, Moneysense.ca article by Jonathan Chevreau. I quite enjoy Jonathan’s opinions, however, this one missed the mark.
A question you should ask your financial/investment advisor: Do you invest my money in “sound money” investments?
A down day doesn’t have to be this way. There’s a safer way to grow and protect your assets.
Do you know the key to solving problems? It starts with identifying that you actually have one! As the saying goes, “If you don’t know you have a problem, how much time are you going to spend looking for a solution?”
Can you answer these four questions? Most can’t. Contact us to get the answers in as little as 10 minutes.