Nicole Simons Wealth Solutions

MOMFEST DIGITAL SPEAKER I’m thrilled to announce that I’ll be speaking at MomFest Digital brought to you by the good people at @momhalo MomFest is a 2 day conference created by moms and it’s just for moms! Your ticket includes access to an all star line up of speakers covering all things Body, Mind and Soul. ... Melanie from @moneymamato and I will be discussing how to Bring The Sexy Back to your relationship when talking to your partner about money. We’ll also be sharing tips on how to manage that extra cash you have sitting in your bank account while you’re stuck at home. MomFest is going down at night so you can put the kids to bed and pull up with your glass of wine to join the fun! VIP TIX ALREADY SOLD OUT Dates: May 12th-13th Time: 7:30pm -11:00pm Tickets: www.momfest.ca

I come across many people that tell me they see the value in life insurance but aren’t willing to get coverage due to their current finances. Once I review their finances it is pretty clear to me what their priorities are. Whether you are a single person or have a family at home make life insurance a priority today. Welcome to adult life, get it done.

I can tell you what it’s like to work with me but who cares what I think. I’ll let my clients give you the real deal!

Check out the latest episode of the More Money Podcast where I speak with Jessica about the importance of getting life insurance while you’re young and protecting your income with disability insurance.

There is no time like the present to start planning for your kids financial future. Be prepared to do what those before you didn’t do. Nicole

When is the last time you reviewed your insurance policy? Life insurance beneficiaries supersede the beneficiaries outlined in a will. Therefore, as life circumstances change, its your responsibility to keep your policy beneficiaries up to date.

The power of Life Insurance! If you love your family, prove it by making sure that your income and their financial security is adequately protected. No doctor or lawyer can financially provide for your family like Life Insurance can.... Need a quote? Link In Bio . . . . . . #moneybasics #buildingwealth #lifeinsurance #torontoinsurance #insurancelady #womeninbusiness #torontobroker #breakthecurse #lifeinsurancetoronto #bookedandbusy #melaninqueens #blackwealth #blackqueens #emergencyfund #leadersinheels #ladypreneur #blackwomenatwork #successhabits #womenhelpingwomen #moneymotivation #shepreneur #moneygoals #getoutofdebt #financetips #financialstrategies #investinyourself #investmenttips #takeaction #theblackfamily

Today!! Im going LIVE today with @davikalatoya at 2pm. Well be discussing creating wealth for the black family and so much more!... Join Us! . . . . . #iglive #blackfamily #wealthgap #buildingtogether #joinus #generationalwealth #lifelessons #lifeinsurance #investinyourself #womanhelpingwoman #breakthecurse #womaninbusiness #advisoronthego See more

Are you paying a monthly banking fee every month? Take your monthly fee and multiply it by 12. Thats the amount youd be saving each year if you switched to a no fee bank account. Think about how long youve had this account, these fees really add up! If youre someone who rarely goes into a branch and does all your transactions from your phone, no fee banking is for you! This is just another step to keeping more of your hard earned money in your pocket! ... Raise your hand if you have a NO FEE bank account! See more

You Are Not Alone Online Parent Retreat is almost here! Im so excited to be a part of this event. Dr. Ann-Louise Lockhart and Marlene Spence created the You Are Not Alone Online Retreat so parents can understand themselves, their children and their passion! Date: August 17th to August 20th... Your ticket includes: 17 amazing interviews Parent Guide Giveaways from amazing brands A supportive Facebook community More surprises! Price goes up on August the 16th $27 USD now! Get Your Tickets Here https://bit.ly/Yana2020Nicole

There will always be risk when it comes to investing but this risk can be managed. Dont let fear stop you from building wealth. The steps you make today will either propel you forward or keep you back. The choice is yours.

Given the costs of a post secondary education there is no time like the present to start saving for your child. The RESP is a tax deferred savings plan that helps parents save for their childs post-secondary education. The RESP can hold various eligible investment products such as GICs, mutual funds and even individual stocks.... If you have 1-3 kids and your net family income is below $47,630 the Canada Learning Bond will contribute $500 into your RESP and $100 per year every year until your childs 15th birthday. The Canada Education Savings Grant will contribute 20% to your annual contributions and depending on your income you could be eligible for an additional 20% ! Do you have an RESP? Drop a comment if you learned something new and dont forget to tag a friend that NEEDS to hear this info See more

There are many reasons why applying for life insurance earlier in your life can be beneficial! -Lock in your rates while youre healthy -Rates are not only more affordable, but underwriting can be more lenient... -The application process is very fast since you likely dont have a complicated medical history -Young people are getting diagnosed with illness/disease earlier in their lives

What is your plan?! Its easy to come up with a financial goal but making the necessary life adjustments to meet that goal is where the REAL work is. You want to be debt free?... You want to save for a home down payment? You want your kids to be OSAP free? DIDYOU RUN THENUMBERS!! If the answer is YES youve completed step ONE, now its time to create a plan and stick with it. Temptation will ALWAYS be there but what do you want more? NOTHING will feel as good as crushing your financial goal! So stick with it! Need some help? Book an Action Call and lets chat! See more

As a licensed life insurance broker its my mission to spread the gospel on how insurance can make sure your family is financially secure in the event you dont make it home. Ill always take the time to educate you on the different options available to you and show how you can take advantage of life insurance while youre alive! Ive put protection in place for a mere $20 a month that would drastically change a familys future if something were to happen. This coverage was ...not super expensive but it was super necessary! If youre interested in learning more about life insurance or would like me to review your current insurance policy lets talk! Book your Life Insurance Consultation.

Im Going LIVE on IG Join me and my special guest Siobhan "MortgageLady" Bent on IG LIVE this Thursday July 16th at 1:00pm! IG - @ advisoronthego... Ive had a few inquiries from clients this week that are interested in buying their first investment property. Mortgages are not my specialty so I thought NOW is the perfect time to bring in the expert to give you the investment property low down! Well cover these common questions and much more! How does credit affect the mortgage qualifying process? How much do I need to purchase another property? Can I use my primary residence as a financing source? Should I break my current mortgage to access the equity? How do I know if this purchase makes financial sense? Do you have a question you want answered? Send me a DM! Lets Grow Together

IG LIVE Chat Tonight at 8pm Join me and Tanya, the founder of the Black Moms Connection on IG Live tonight for a discussion on parenting during quarantine and MONEY! IG Page: Blackmomsconnection

Shout out to the amazing Tanya Hayles for her contribution to this weekends Toronto Star newspaper! In this article Tanya highlights the shared experience of myself and Toronto realtor Odeen Eccleston on what its like to be a Black woman in a white male dominated industry. Thanks Tanya for sharing our stories and continuing this much needed conversation.

Do you want More Money or More Things? As the world slowly opens back up for your shopping pleasure I want you to be mindful and REMEMBER what it felt like to spend less and have a little more in your pocket. This pandemic certainly helped me realize Im good without all the fluff! The nails, the hair done, eyebrows....the show had to go on! I was able to focus and pay off a large amount of debt and restructure my business so I could still service my clients virtually. ... The lesson here is, weve all been waiting for things to return to normal but not everything should. Whether you had excess cash or became strapped for cash due to job loss you now have a lesson to take with you going forward. Use that to fuel change! Start that emergency fund or continue to cut back on unnecessary shopping. ~ Your Advisor On The Go~

Getting financial advice and coaching makes a BIG difference when it comes to achieving your goals. Advisors review your investment profile, risk tolerance and financial goals to guide you,build and maintain a personalized financial plan. People who received advice for 4-6 years have 1.7x the wealth of those without advice.... People who received advice for 7-14 years have 2.9x the wealth of those without advice. People who received advice for fifteen years or more have 3.9x the wealth of those without advice. Do you NEED a FINANCIAL PLAN?! A written financial plan provides accountability that makes achieving long-run financial goals more realistic. Schedule your Blueprint Financial Plan consult See more

Please be sure you meet the eligibility requirements for the CERB. "Canadians who make fraudulent claims for the coronavirus emergency benefit could face a fine of up to $5,000, a penalty double what they received in improper benefits and jail time."

There is no time like the present to get your financial house in order. Your debt isnt going to pay itself off and youll never afford the lifestyle you want to live if you dont save! 1 Set A Goal If youre serious about saving you need to set a goal so you know what youre saving for. Whether its a trip to the Bahamas you hope to take in a few months or saving for retirement, having a very specific goal will help you stay motivated and on track. ... 2 Track Your Spending The best way to get on track to saving is to spend less than you earn. Tracking your spending either through a daily journal, excel spreadsheet or printing your statements can help you do this. 3Pay Less Tax Cut your taxes by making sure you use your TFSAs and RRSPs properly. Be sure to hold investments in these accounts instead of cash so you can take advantage of compound interest. Generally speaking if you make less than $50,000 annually TFSAs work best. If you make more than $50,000 then saving in an RRSP works best. 4 Automate It! Set up an automatic transfer of funds to your savings account or TFSA. This way its not a question of finding the willpower to save every month. Always pay yourself first and then spend whats left over. 5 Start the Snowball Try the debt snowball strategy! This is where you focus on paying your debts from the smallest amount to the highest by making minimum payments on all your debts and putting the remainder towards the one with the lowest amount such as a credit card. Paying off a small debt can lead to a feeling of accomplishment, which is an important motivational factor for those who may feel overwhelmed by their debts. Let me know in the comments if you use any of these strategies . . See more

$100 Giveaway Alert To celebrate the launch of our New Website we are giving away a $100 VISA Gift card to one lucky winner! If you could use an extra $100 right now dont miss your chance to win! Head over to my Instagram page @ Advisoronthego for details on how to WIN!!

Debt Break Up Alert Let me just say there is nothing sweeter than being debt free and I want you to experience this same feeling! Facts... The concept of living a financially healthy lifestyle is definitely not easy. It is very hard thing to accomplish in todays society because we live in a world where we are perpetually inundated with marketing campaigns designed to pull us away from being financially prudent. Missing monthly payments, making costly impulse purchases, and spending more in general are all consumer behaviours that credit card companies live for! If you do not make the conscious choice to eliminate your consumer debt quickly, it will balloon out of control. DEBT MANAGEMENT TIPS Once you DECIDE to be debt free make sure your actions match your goals Eliminate external influences to free up more cash flow to pay your debt down Start with your smallest debt balance first to give you that momentum for the larger balances Put yourself on a cash diet and leave your credit cards at home You can do this! The key is stay aggressive and dont stop! Schedule your appointment to get a solid debt repayment strategy! See more

Mastering your money is worth every minute of your time. You need to recognize that only you control your financial destiny! . . . .... . . . #thestuckinside #inthehousebored #needtogetout #lockdown #momlife #moneymaster #quarantinelife #advisorlife #girlgang #picoftheday #womenwithvision #blackgirlmagic #womenempoweringwomen #womentrepreneur #debtfreecommunity #advisoronthego #womenwithambition #sheeo #girlboss #ladiesinbusiness #femalefounders #lovewhatyoudo #madeformore

Havent you dated long enough? The stress, the unwanted late payment calls and all that extra money in interest! Its time to cut your losses and move on to your brighter financial future! Follow these steps to CUT DEBT OFF FOR GOOD.... Start with your high interest debt FIRST. If your credit card interest is 19% you are giving away that money for FREE. You can definitely direct that 19% else where. Stay laser focused on paying this debt off and then move on to the next balance! Leave all your credit cards at HOME! Temptation is the devil hunny so to avoid this keep those cards at home so you dont use them. If online shopping is your thing you may need to cut them up or put those cards in the freezer, just sayin Call your credit card company and negotiate a lower interest rate. Yes you CAN do this! They may suggest other cards with lower interest rates or from my experience theyll credit you back your last minimum payment. Every little bit helps! Dont forget to celebrate your Break Up success when that debt is gone! Each time you pay off a credit card balance you gotta celebrate and reward yourself! Pop open that bottle of wine, go to the movies or treat yourself to dinner(with cash of course) Debt really sucks and this WILL NOT be an easy break up but you can do it!

The last thing any family wants to deal with is financial stress while theyre mourning. This is just another reason why Life Insurance needs to be put in place. Remember your work insurance is rarely ever enough and is a taxable benefit. Your own personal policy outside of work pays a tax free benefit to your loved ones. Be smart and protect those you love

This week I sat down with Sinead from Rebuilding Healthy Homes to discuss how to manage personal finances during this ever lasting pandemic. This isnt an easy time for many people financially. Were all looking for ways to keep more money in our pockets. This may come a little easier to those who are able to work from home with full pay. Now that we are home more there should be LESS spending so where should that extra cash go? In this video I share a few tips on what you should do with that extra cash!

Excellent Video, I love how Paul broke this down! You dont need to have 10 jobs BUT its VERY important to have more than one source of income!

Imagine..... Youve survived your breast cancer diagnosis but need up to 2 years for a full recovery. Will your work benefits be enough to cover you while youre off? ... What happens when EI runs out? What if youre self employed? What would a cheque for $100,000 do for your family during this time? Pay for specialized medical treatment. Pay for private nursing or child care. Pay for out of country treatments not covered by government health insurance plans. Allow you to make alterations to your home or vehicle that accommodate your special needs. Sis, are you really going to wait until you get a positive test result before you apply for Critical Illness coverage?! YOU WONT QUALIFY Critical Illness Insurance provides a Tax Free lump sum benefit upon the diagnosis of several covered conditions. The top 3 being cancer, heart attack and stroke. Nearly 1 in 2 Canadians are expected to be diagnosed with cancer in their lifetime, so why do you have cell phone insurance and no coverage on yourself to protect your income?! Shoot me a DM to discuss your critical illness needs or a quote. Im here to help!

Tech Has Made The Difference The indexs biggest movers in 2020 have been Amazon (30%), Microsoft (12%) and Netflix (33%). The S&P 500 is cap weighted, meaning that the bigger a companys market capitalization, the more influence it will have on the indexs price. So even though Microsoft has gained less than Netflix, it has moved the index more because it is a much larger company.

Check out my latest IGTV video on Term Insurance Term Life Insurance provides financial coverage for a specific period of time, which is called a term.Term insurance is the most basic type of life insurance and is also typically the most affordable. Be sure to follow me @ Advisoronthego on Instagram.

For those that need some financial assistance from your banks, make sure that your arrangements are reported as deferrals and not defaults to the credit unions. A record of this arrangement is important to have on hand as proof of the agreement and deferred payments.

Life Insurance 101 You should review your life insurance policy every few years. By actively reviewing your policy you can ensure that you have adequate coverage to meet your current needs and lifestyle. The coverage you initially got may not meet your current needs anymore especially if youve had a major life change such as:... Marriage Became a common law spouse Had a baby Bought a home Feel free to contact me to discuss how these change in your life may have a significant impact on your life insurance needs. ~Your Advisor On The Go ~

Free Credit Report Due to covid-19 Equifax Canada is offering a FREE credit report to Canadian consumers. This report does not include your credit score but will contain all the credit lines being reported. Take advantage of this if youre in the market for a new mortgage, applying for credit or have never pulled your report before.

A lot of us have plenty of down time on our hands these days due to this Covid-19 pandemic. In the past we have begged to have an extra hour or two to read a book, to take a course or to watch that video. This circumstance isnt the greatest but please Dont Waste This Time!!! ... Successful people have one thing in common, they are constantly reading and educating themselves on a daily basis. The investment you make in yourself will always pay off in the end. The wiser you are the better decisions youll make. Make it a point to always keep improving yourself each day by learning new things. See more

Tips To Help You Navigate Market Volatility The number one threat to your investment portfolio is YOU! Keeping your emotions in check during this pandemic will definitely keep more money in your pockets in the long run. Here are some tips to help you out! If you found value in this video dont forget to LIKE & SHARE!

With everyone staying indoors due to the coronavirus there has definitely been a shift to non face to face life insurance. Message me to learn how you can get up to $750,000 of life insurance coverage with no medical exam. This application process is completely non face to face and submitted online. ~ Your Advisor On The Go ~

When it comes to repaying the increased debt load from a deferral, there may be other complications for mortgage holders. If youre not desperate for this financial help dont take it. The banks will get their money back with interest one way or another!

Who LOVES a GOOD sale? Weve all been watching the news and its very evident that the stock market is in a major decline right now. Seeing your stocks in the red every single day is terribly painful to watch but would you believe me if I told you there is a bright side?... If youre like me and LOVE a good sale now is the perfect time to buy those high priced shares youve been eyeing for months! I know the thought of you placing MORE money into what seems like a sinking ship is scary but 10 years from now youll marvel at the deals you got during this market decline. Word Of Advice To be safe you should DIP into the falling markets not DIVE. Use the dollar-cost average approach, where you make multiple purchases and avoid betting that the markets are at their low point. Dont expect to hit the jackpot right away, it could take a year or years for the market to recover. This is why you shouldnt invest any money you think youll need in the next 3-5 years. For my investors currently in the market dont panic and stick to your original investment game plan. Real value will be recognized in time! Whos buying off the Stock Sale Rack right now? See more

My face every time I get another cancelation email. Events- CANCELLED Youth Programs- CANCELLED Travel Plans - Restricted or CANCELLED... And were forced to be parents for a full 24 hours for 3 weeks?! This is madness! Damn Corona Virus steady ruining lives! What are you doing to keep your spirits up during this difficult time? . . . . #covid_19 #virus #difficulttimes #sendhelp #stillnotoiletpaper #marchbreak #sadface #marketcrash #recession #advisorlife #bossbabe #cancelculture #cancelled #momlife #helpme #marchbreakcancelled See more

The value of Life Insurance! "I continue to have huge peace of mind knowing that the term policies my now late (and former) father-in-law insisted we purchase will allow my children to remain in their childhood home with a good chunk of cash leftover should something catastrophic happen to me. All for what seems like pennies each month. "

Ladies there is no better time than NOW to take charge of your finances! Here are three very compelling reasons why women should find their financial voices and take action to secure their future.