Explore the journey of a seasoned financial planner as he uncovers the truths behind industry norms. Discover how tax-exempt insurance contracts can offer superior benefits over traditional investments, and learn why rethinking financial strategies can empower your long-term wealth and security.
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.
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.
Let’s talk more about inflation. I continue to do so since it’s the biggest threat we face. Many don’t understand what inflation is. A lot is linked to how you…
I have a desire to leave my kids a legacy. But I also desire to live my fullest life. For some this seems like a conflict of interest. How can…
Much has been discussed about inflation recently. That’s because the cost of the things that we buy have gone up. The Chapwood Index reflects the true cost-of-living increase in America.…
If you think for one minute that people get rich by saving their money, you are sadly mistaken. Saving money, having a tight budget, and buying the cheapest quote all…
We say Canada is one of the great countries in the world. And it is. We say we have freedom. And we do, compared to other countries in the world.…
The April 2022 Federal Budget CommentaryI saw a quote that said, “a little inflation is a good thing”. They say more dollars translates to more spending, which equates to more…
We help people recapture lost money and grow better wealth – better than historic stock market returns, with guarantees, protection from inflation and economic tsunamis, ultra-low risk and fees, that generate additional passive tax-efficient income.