An overwhelming portion of Canadians do not need whole life insurance. It’s expensive, complicated, and more difficult to apply for than its more approachable peer, term life insurance.
But for those who need it, boy is it a wonderful wealth building tool!
First, Term Insurance
Term...
When you buy an investment and the value of that investment goes up over time, you are going to pay tax on it. There's no way around it. I don’t care if it is a stock, a piece of artwork, shares in your own business, or a 10-unit commercial building, the tax man will cometh, eventually.
...
Above is a graph of a typical retiree’s spending over time. It’s not scientific; it’s not derived from a famous study, but it is a trend that I have found to hold true with almost all retired clients.
Let me explain.
The upward slant
Life costs more every year. The...
This should not be a controversial take, but it is:
You should not care what ‘the markets’ are doing.
Focus on you and your plan.
The market is not a logical place
Stock markets are notoriously irrational places; they can go up or down based on a tweet, a war...
I get it, bearing your financial details can make you feel exposed and vulnerable, maybe even judged.
Giving someone access to your finances feels vulnerable, whether you have a little, a lot, or have no idea how much you have. Even (especially) with family and friends, sharing financial...
Be honest, when’s the last time you slowed down?
Hear me out. Maybe you started your business 15 years ago with a couple of shovels and a beat-up truck, a laptop and a dream, or using your kitchen as Grand Central for your shipping operations. Although it still might feel like you’re...
There is an investment firm in Calgary called Mawer Investments and they are VERY good at what they do.
The company's slogan is 'Be Boring. Make Money' and that resonates with me at my core! Having been through a fair share of market dips in my 11ish year career, I LOVE boring (and you should...
๐๐ข๐ฌ๐๐ฅ๐๐ข๐ฆ๐๐ซ: ๐ ๐ฎ๐ฌ๐ ๐ญ๐ก๐ ๐ญ๐๐ซ๐ฆ ‘๐ง๐๐ซ๐’ ๐ซ๐๐ฌ๐ฉ๐๐๐ญ๐๐ฎ๐ฅ๐ฅ๐ฒ ๐๐ง๐ ๐๐ง๐๐๐๐ซ๐ข๐ง๐ ๐ฅ๐ฒ ๐จ๐ฎ๐ญ ๐จ๐ ๐๐๐ฆ๐ข๐ซ๐๐ญ๐ข๐จ๐ง.
To hire a team of CFAs, MBAs, and even PhD’s to manage your hard-earned retirement dollars, you need to only pay as little as 1% per...
Accounting is arguably as boring, if not more boring (or 10X more boring if you ask me) than investing and life insurance. It is so boring, that 'being an accountant' is my standard litmus test for the most boring job on earth
When I met the crew @truenorthaccounting my perception...
The top 5 reasons why paying an advisor roughly 1% per year is worth it:
1 ๐๐ค๐ช ๐ฌ๐ค๐ฃ'๐ฉ ๐ข๐๐ ๐ ๐๐ช๐ข๐ ๐๐๐๐๐จ๐๐ค๐ฃ๐จ. When your rec hockey buddy tells you he's mortgaging his house to buy a penny stock or a cryptocurrency that you don't even understand, someone will be there to talk you down or at...
First and foremost, how cute is Quinn?! She was just about two in this photo and it is one of my all-time favourites.
She's cute. I love her to death. But she does not need $100,000 to go to school with! Hot takes on RESP savings below...
RESPs are great – taking free money from the...
First, we determine how much you spend; without knowing what your ideal quality of life now looks like, it’s impossible to predict the future.
Next, how many years until you retire? What will your life cost you at that point?
๐๐ผ๐ ๐บ๐ฎ๐ป๐ ๐๐ฒ๐ฎ๐ฟ๐ ๐๐ถ๐น๐น ๐๐ผ๐ ๐น๐ถ๐๐ฒ? No crystal balls here, but we...
