Andy Erickson
#200 - 2899 30th Ave V1T 8G1 Vernon, BC, Canada

https://youtu.be/Fjzn5o3khBU

Investors Group out supporting the community of Vernon at the annual Chamber of Commerce Lunch. Thanks to all who have made this past year such a huge success and we look forward to 2017!!!!

Investors Group would like to thank their clients and friends for their generosity. Together we raised $12,200.00 in cash and food donations for the House of Ho...pe Food Bank at our annual Investors Group Comedy Tour in October. Pictured is Stefan Reid from our local Food Bank receiving the proceeds. See more

Investors Group would like to thank their clients and friends for their generosity. Together we raised $12,200.00 in cash and food donations for the House of Hope Food Bank at our annual Investors Group Comedy Tour in October. Pictured is Stefan Reid from our local Food Bank receiving the proceeds.

Investors Group out supporting the community of Vernon at the annual Chamber of Commerce Lunch. Thanks to all who have made this past year such a huge success and we look forward to 2017!!!!

I was a teacher....

Investors Group would like to thank their clients and friends for their generosity. Together we raised $12,200.00 in cash and food donations for the House of Ho...pe Food Bank at our annual Investors Group Comedy Tour in October. Pictured is Stefan Reid from our local Food Bank receiving the proceeds. See more

Investors Group would like to thank their clients and friends for their generosity. Together we raised $12,200.00 in cash and food donations for the House of Hope Food Bank at our annual Investors Group Comedy Tour in October. Pictured is Stefan Reid from our local Food Bank receiving the proceeds.

Managing your money: Wedding bells without wedding bills Love may be in the air but sooner or later someone has to pay the bills. Here are some simple strategies for enjoying a debt-free wedding day and a financially equal life with your new life partner. Wedding = one day; your life together = a lifetime Who doesn’t want a terrific wedding? But you really need to look beyond the confetti and those tinkling glasses to your long-term financial life. Plan for a happy wedding...Continue reading

I was a teacher....

Managing your money: Wedding bells without wedding bills Love may be in the air but sooner or later someone has to pay the bills. Here are some simple strategies for enjoying a debt-free wedding day and a financially equal life with your new life partner. Wedding = one day; your life together = a lifetime Who doesn’t want a terrific wedding? But you really need to look beyond the confetti and those tinkling glasses to your long-term financial life. Plan for a happy wedding...Continue reading

Reclaim debt control save time and money, too If you are carrying various forms of debt and making multiple, sometimes high-interest, payments each month debt consolidation could be the best way to manage your money, your time and your debt. Here’s how and why it works: Eliminates high-interest, high-cost loans -- by consolidating car payments, education loans, lines of credit and expensive credit card payments into one, lower-interest loan. Lowers your monthly interest... payments -- by consolidating your debts, you can seek out a lower overall interest rate than the combined rate you’re currently paying on all your debts. When you’ve consolidated all your loans, you then have two choices: o Keep your pre-consolidation payment amount because you’re paying a lower interest rate on your consolidated loan, by applying the same payment amount towards your debt you will be putting extra money towards the principal debt repayment and will eliminate your debt much faster. o Keep your amortization or debt payback period the same your new lower-interest consolidated loan means a reduced payment amount and the creation of additional cash flow that you can use to reach other financial life goals. Here are a few other debt management suggestions: Consider consolidating through a home equity loan you’ll pay a much lower interest rate than on many other types of loans and especially your credit cards that can range from 19 to 28 percent interest on outstanding balances. Keep amortization to a reasonable timeframe aim for repayment within five years. A line of credit is not for everyone although it provides added flexibility for your borrowing needs, if you have trouble sticking to a budget and typically have little money left at the end of the month to apply to your debt, a personal loan or a refinanced mortgage might be better options because they require a defined principal re-payment plan instead of allowing for interest only payments. Keep one credit card for emergencies and cut up all the rest until you have control of your debt. Be cautious about debt counselling companies be sure the company is reputable and is focused on your best financial interests. It’s a good idea to speak with a professional advisor about creating a debt management plan that works for you. And once you’ve done that, take steps to create a longer term financial plan. After all, with your debt under control and better cash flow, you can really start saving toward all your life goals. See more

Reclaim debt control save time and money, too. If you are carrying various forms of debt and making multiple, sometimes high-interest, payments each month debt consolidation could be the best way to manage your money, your time and your debt. Here’s how and why it works: Eliminates high-interest, high-cost loans -- by consolidating car payments, education loans, lines of credit and expensive credit card payments into one, lower-interest loan. Lowers your monthly interes...t payments -- by consolidating your debts, you can seek out a lower overall interest rate than the combined rate you’re currently paying on all your debts. When you’ve consolidated all your loans, you then have two choices: o Keep your pre-consolidation payment amount because you’re paying a lower interest rate on your consolidated loan, by applying the same payment amount towards your debt you will be putting extra money towards the principal debt repayment and will eliminate your debt much faster. o Keep your amortization or debt payback period the same your new lower-interest consolidated loan means a reduced payment amount and the creation of additional cash flow that you can use to reach other financial life goals. Here are a few other debt management suggestions: Consider consolidating through a home equity loan you’ll pay a much lower interest rate than on many other types of loans and especially your credit cards that can range from 19 to 28 percent interest on outstanding balances. Keep amortization to a reasonable timeframe aim for repayment within five years. A line of credit is not for everyone although it provides added flexibility for your borrowing needs, if you have trouble sticking to a budget and typically have little money left at the end of the month to apply to your debt, a personal loan or a refinanced mortgage might be better options because they require a defined principal re-payment plan instead of allowing for interest only payments. Keep one credit card for emergencies and cut up all the rest until you have control of your debt. Be cautious about debt counselling companies be sure the company is reputable and is focused on your best financial interests. It’s a good idea to speak with a professional advisor about creating a debt management plan that works for you. And once you’ve done that, take steps to create a longer term financial plan. After all, with your debt under control and better cash flow, you can really start saving toward all your life goals. See more

Having ‘the talk’ with your parents Maybe you’ve already had ‘the talk’ with your kids. Well, now’s the time to have ‘the talk’ with your parents. The anxious moments and uncomfortable feelings may be the same but the topic is decidedly different. You need to talk to your parents about their health and financial issues now before a crisis occurs that can reduce their estate planning options and increase costs. While their health allows it, your parents should be involved in m...aking decisions regarding their living arrangements, level of care, and estate planning. Your role is to be a supporter and information gatherer. Here are some tips for getting ‘the talk’ going: Offer an opening your parents may be waiting for an opportunity to have this discussion; you can provide it. Use ice-breaking strategies like offering help with their estate and retirement planning. Keep in mind that your parents want and need to maintain their independence and dignity. Listen try to understand their fears and anxieties. Here’s what you should include in the discussion: Sources of income including any changes in monthly income should one of them die. Investments as well as beneficiaries for their registered investments. Expenses will their income (including government aid) cover their expenses as they are likely to escalate with age? Insurance what coverage do they have; are there holes that need to be filled? Existing wills have they designated personal representative (executor/liquidator) to wind up their affairs and distribute their assets according to their wills? Enduring powers of attorney for property (in Québec, mandates in anticipation of incapacity) be sure they have appointed someone to make financial decisions on their behalf should they become incapacitated. Powers of attorney for personal care, living wills, health care directives be sure they have appointed someone to make personal and health care decisions on their behalf should they become incapacitated Location know where their wills and other legal papers are kept; know the location and content of their bank accounts and safety deposit boxes. Having ‘the talk’ with your parents can be difficult but the benefits of knowing their wishes can be extraordinary. There are many financial and estate planning strategies available to your parents. A professional advisor can provide a valuable outside perspective and help sort out the details and ease the awkwardness of ‘the talk’. See more