Financial Planning Wisdom
Tax Planning for Parents
Are you a parent? If yes – you’re probably paying a lot more tax. Parents are often in higher tax brackets than non parents. This means your planning must be diligently looked at, as it can affect your RRSPs, deductions, and more. I’ve talked about this topic before on my blog, but this is the…
Read MoreWhy Simple Investment Stats Don’t Give You Good Returns
If you’re investing in equities, you may be using various investment data software like Morningstar. The problem? Investment data often gets misused. This is because you may be looking at short-term stats and ratings from only the last 1-5 years. It takes a lot of effort looking at investment stats, but most people who do…
Read More5 Steps for You to Become Wealthy
One of the really cool things about my job is that I get to meet a lot of wealthy people. I get to see what kind of people they are and what their life is like. What I find really rewarding though is to take people whose lives are struggling or just regular income earners…
Read MoreWhy You Need an Emergency Plan, Not an Emergency Fund (Moolala: Money Made Simple With Bruce Sellery) Sirius XM Radio Channel 167
You may have heard that you MUST have an Emergency Fund. And yet how many of you actually have one? I was recently interviewed about this topic on the Sirius XM Radio Channel 167, which is now out on the Moolala: Money Made Simple podcast with Bruce Sellery. As you know, I’m all about unconventional…
Read MoreTFSA or RRSP? Cutting through the Confusion (as seen on Money.ca)
Here is my article from Money.ca… When it comes to choosing between a Tax-Free Savings Account (TFSA) and a Registered Retirement Savings Plan (RRSP), there are plenty of details to keep you up at night. It’s important to look at the pros and cons of each plan, so you can develop a financial plan that’s…
Read MoreDividend Investing Is a Brain Fart
Dividend investing is a brain fart! The entire concept is your brain playing tricks on you. I know that thousands of people like dividend investing. In fact there are hundreds of blogs dedicated to it. Dividend investing may sound like a solid and steady way to invest. But it’s a brain fart! In my latest…
Read MoreWhat’s Important About Money to You?
Money: it impacts so many aspects of your life. How you handle it, save it, and spend it can say a lot about you. Ask yourself: “What’s important about money to me?” 1 Prefer an overview? Like videos? Like podcasts? Check out our whiteboard video, podcast episode, or read the full post below! I have…
Read MoreSmall Print “Gotcha” in Credit Card Interest (Hint It Can Be 20,000%)!
You probably think credit card interest is pretty high. It can be far higher than you think! If you or your kids ever do not pay your credit card balances in full by the due date, this is the video to watch and podcast to listen to. Credit card debt is the single most common…
Read MoreWhen can I Retire with the Lifestyle I Want?
Financial freedom. It is what we really want. You need a Retirement Plan to get there. It will not happen on its own. Creating your Retirement Plan is fun. It makes you wealthier. It’s not about your money – it’s about your life. Prefer an overview? Like videos or podcasts? Check out our whiteboard video,…
Read MoreHow To Live Off Your Investments and How Much Do You Need? BuildWealthCanada Podcast featuring Ed Rempel
How much do you need to be financially independent? That is just one of the many questions posed by Kornel Szrejber of Build Wealth Canada. He recently interviewed me for his podcast, where I go into depth about financial planning practices I use with my clients, as well as complex tax questions. You can watch…
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