Financial thoughts, tips and tricks for you to consider.
There is this thing that financial services industry does that irks me to no end. Whenever they see an RSP Portfolio … and use this information in building a financial plan we use the balance at face value … and it is worth in fact … considerably less. Canadians need...
Option traders should invest in insurance. Many of my connections in the real estate world took the initiative this year to learn about option trading and are actively relying on this strategy for income and wealth creation. Congratulations if you have taken the...
I have been getting a lot of inquires lately about infinite banking life insurance. Firstly, infinite banking is not life insurance. But rather, infinite banking is a concept. There are many other descriptions for the same idea. Be your own banker. Circle of...
Jack is 45 and he just purchased $1,000,000 of Term 20 insurance. He pays $1,930 to the insurance company every year. The plan is to drop the insurance after 20 years. His family won't need it. Mortgage will be paid off. Wealth will be amassed. Children are through...
In retirement we enter the distribution phase of our economic life from the accumulation phase. We move from “Working for Dollars” to “Dollars at Work” During the distribution phase there is only a finite pool of resources. Adding new financial assets during...
Would you like to own your first rental property but don't know exactly where to start? Not sure if you can afford it? Not sure if it should be a condo, townhouse, duplex? Not sure of how to analyze the numbers? This is different ... Why would a financial...
When it comes to retirement planning there are really only two approaches: The Probability Based Plan Approach which uses the Safe Withdrawal Rate OR The Safety First Plan Approach The problem with the Probability Based Planning Approach Probability Based Planning...
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