Jeorey Downey

'In December 2019, total insolvencies in Canada (personal and business) grew to just over 140, 000 cases; a 9.3% increase over the previous year:'

By taking into account the interest rate and amount of debt, debt stacking identifies a way for you to pay off your debts. You begin by making consistent payments on all of your debts. The debt that debt stacking suggests that you pay off first is called your target account. When you pay off the target account, you roll the amount you were paying toward your next target account. As each debt is paid off, you continue this process. Debt stacking allows you to make the same tot...al monthly payment each month toward all of your debt and works best when you do not accrue any new debts. You continue this process until you have paid off all of your debts. When you finish paying off your debts, you can apply the amount you were paying towards your debt toward creating wealth and financial independence! #financetips #creditscore #loan #baddebt #debtconsolidation #refinance #debt #finance

forcée à la retraite à 65 ans, hélas ~Les connaissances augmentent les économies, comment est votre conseiller? #conseilsfinanciers #scoredecrédit #prêt #créancesirrécouvrables #consolidationdettes #refinancement #dette #finances #Québec #Montréal #impôt #épargnefiscale #comptedépargne #épargnevie #chèques #épargne #argent #vie #vacances #premièremaison #maison #rates #cash #college #santé #deals #retraite #plannifier #retraitementplan #maisonderetraite #impôt #épargneretraite #assurance

According to the Theory of Decreasing Responsibility, your need for life insurance peaks along with your family responsibilities. When you're young, you may have children to support, a new mortgage payment and many other obligations. Yet, you haven't had the time to accumulate much money. This is the time when the death of a breadwinner or caretaker could be devastating and when you need coverage the most. When you're older, you usually have fewer dependents and fewer financi...al responsibilities. Plus, you've had years to accumulate wealth through savings and investments. At this point, your need for insurance has reduced dramatically, and you have your own funds to see you through your retirement years. #IncomeInsurance #MortgageInsurance #Insurance #Health #HealthInsurance #Life #LifeInsurance #Policy #Coverage #Money #Protection #Estate #Quebec #Montreal

Cher, l’impôt au décès! ~Les connaissances augmentent les économies, comment est votre conseiller? #conseilsfinanciers #scoredecrédit #prêt #créancesirrécouvrables #consolidationdettes #refinancement #dette #finances #Québec #Montréal #impôt #épargnefiscale #comptedépargne #épargnevie #chèques #épargne #argent #vie #vacances #premièremaison #maison #rates #cash #college #santé #deals #retraite #plannifier #retraitementplan #maisonderetraite #impôt #épargneretraite #assurance

Two out of five Canadians say they do not expect to escape debt in their lifetime:

Le paiement minimum des cartes de crédit passe à 2,5% du solde ~Les connaissances augmentent les économies, comment est votre conseiller? #conseilsfinanciers #scoredecrédit #prêt #créancesirrécouvrables #consolidationdettes #refinancement #dette #finances #Québec #Montréal #impôt #épargnefiscale #compted'épargne #épargnevie #chèques #épargne #argent #vie #vacances #premièremaison #maison #rates #cash #college #santé #deals #retraite #plannifier #retraitementplan #maisonderetraite #impôt #épargne-retraite #assurance

It now costs $350,000 a year to live a middle-class lifestyle in a big city:

Does your financial institution profit off your lack of knowledge in investment? Do they coach you for free, meet with you to teach you financial concepts and prepare a comprehensive global savings plan every year? Remember, interest rates at 3.75% takes 19 years to double your money, and at 9% 8 years. How many doubling periods does your financial institution have given you? How much can this impact your quality of life at retirement, a child's educational savings plan, or indeed your heritage? https://rebrand.ly/872qo8