Archive for April 2024
Financially Smart Divorce
Divorce is never financially smart! As a financial planner, I don’t recommend divorce. It’s bad for your finances! However, you can go through it in the most financially smart way – to leave both of you in the best possible position. We have seen quite a few people go through divorce. We’ve seen some total…
Read MoreTenant for Life by Choice: 5 Steps to “Tenant Freedom”
Many people today feel they have no choice but to be a tenant, however, what if you actually choose this? You can choose to be a tenant forever and it can be a great life! I’m going to introduce you to the concept of “Tenant Freedom,” to show you how great of a life it…
Read MoreGold Goes Down on Inflation. Why Doesn’t the Industry Know This?
Gold goes down on inflation. Why doesn’t the industry know this? This is one of the most common and wrong conventional wisdoms. The conventional wisdom is that Gold protects you from inflation, so if we have high inflation Gold should be up. It should maintain its value. The problem is – this isn’t true and…
Read MoreFinancial Post Article: Middle-aged woman who just lost her high-income job wonders when it’s ‘safe’ to retire
The Financial Post asked me to review the finances of a 47-year-old woman who lost her high-income job, and wants to know when it’s “safe” to retire. A successful professional, she was well on her way to an early retirement at age 52 or 53, but now she’s wondering if that will still be possible,…
Read MoreWhat is a Hedge Fund? Inside the Semi-Secret Hedge Fund World
20 years ago I took the most fascinating investment course, and by far the most in-depth. The course made me a “Certified Hedge Fund Specialist” (CHFS). I loved it so much I received the top mark in Canada. From the course and meeting with hedge fund people, I’ve learned the ins and outs of the…
Read More6 Key Lessons Learned as a Fee-For-Service Financial Planner – Talk With Ellen Roseman’s Investment Club
I was honoured to be invited by Ellen Roseman to speak with her Investment Club about the 6 key lessons I have learned as a fee-for-service financial planner. They have had investment guest speakers, but never someone just talking about financial planning. Ellen Roseman is a journalist who sticks up for ordinary Canadians. Her personal…
Read MoreYour Corporation – What You Need To Know (If You Don’t Understand Your Accountant)
Do you own a business? If yes, then you’ll love my latest video and podcast episode. I cover the few things that you really need to know about corporations. You’ll learn: I hope you enjoy it! Ed
Read MoreCanadian Press Article: Renting for life? Here’s what that means for your financial planning
Nina Dragicevic from The Canadian Press recently interviewed me about renting for life as a real option and what it means for your financial planning. In today’s housing market, many young people and even people in their 40s see purchasing a home as unattainable. I work with high-income clients who don’t always own their home,…
Read MoreShould I start my CPP early? – Real-Life Examples
The most common CPP question I am asked is: “Is it smart to take my CPP early?” Prefer an overview? Like videos? Check out our whiteboard video, podcast episode or read the full post below! A quick review of the facts: The simple breakeven calculation misses many important factors. For example, if John starts receiving…
Read More