TK Dale Wealth Management Inc.

Did you know that there is critical illness insurance that will pay you back if you DON’T get sick? That’s right, if you don’t have a claim then they will give you your premiums back. It’s called a return of premium rider and this will make sure that you don’t pay for insurance that you don’t use. Therefore if you get a covered critical illness - you get paid the prescribed benefit. If you die, your estate/beneficiary will get paid a death benefit. If you remain healthy, you ...will receive back all the premiums paid! You pay money to be covered for critical illnesses and if you remain healthy then you get the premiums that you paid returned to you. How amazing is that? Coverage without waste! #TheFamilyCFO #newmarketontario #auroraontario #criticalillnessinsurance #lifeinsurance #insurance #criticalillness #healthinsurance #financialplanning #family #financialadvisor #health #insuranceconsultant #insuranceagent #incomeprotection #disabilityinsurance #investment #retirement #money #mortgage #financialfreedom #homeinsurance #discoverunder1k #personalaccident #incomeprotection#investment

This book was something that has been read and complemented by so many successful industrialists. It was something that has stuck with me ever since reading it during university. It highlights exactly how to make money and some of the broader social and economic issues in society. It’s incredibly relevant still today and it was first published in 1776! Imagine an economics book being relevant 245 years later!!! The division of labour was a breakthrough at the time and is even... more relevant with everything having an app for that! If there is something you need to do today then you can probably find some sort of software to take care of it for you! This increases productivity and allows for a quick escalation in wealth. Check it out! #TheFamilyCFO #newmarketontario #auroraontario #thewealthofnations #adamsmith #freemarket #libertarianism #davidricardo #friedman #socialtheory #politicaleconomy #sowell #hayek #locke #politicalwriter #drsteele #capitalist #politicalphilosophy #classicalliberal #politicalbooks #libertarianscholar #jsmill #marketfundamentalist #classicaleconomist #politicalessayist #politicalphilosopher #hayekian #politicalideologies

Here’s something that you may not have known that existed. There is a feature on many life insurance and critical illness policies called a return of premium rider. This allows you to get the premiums you paid into the policy back after a certain period of time. For example, imagine a critical illness policy that you pay into for 20 years. You want the coverage and know a lot of people who have had one type of critical illness or another. If you get sick you will get a lump s...um cheque to help you through the illness. If you die you will get a death benefit. The return of premium rider allows you to get the premiums you paid back if you remain healthy. I can’t imagine a better form of wealth protection. Want to know more? DM me today. #TheFamilyCFO #newmarketontario #auroraontario #lifeinsurance #returnofpremiumrider #insurance #healthinsurance #insuranceagent #financialplanning #businessinsurance #financialfreedom #autoinsurance #homeinsurance #carinsurance #retirement #insurancebroker #lifeinsuranceagent #entrepreneur #investment #retirementplanning #insuranceagency #financialadvisor #financialliteracy #finalexpense #commercialinsurance

I’m forced to look through headlines and read lots of news stories. The headline is important but not for the reasons you think. Example: Global news had this headline Canadian economy sheds 213K jobs in January as lockdowns hit part-time workers. There is a lot of fear in this headline. While I agree that the report doesn’t look very rosy, I can’t get caught up in the initial hype and emotion of it all. I need the data: labour force participation rate, unemployment rate.... Month to month comparisons, year over year comparisons. What is the number composed of? Part time or full time jobs? Were they in areas affected by shut-downs or is this a more broad recessionary tale? As a consumer it is hard to look past the story and come to our own conclusions but this is our job. Their job is twofold. 1: Report the news. 2: Gain viewership. Every job has conflicts of interest and as a consumer we need to be aware of them and mitigate them. Look for the facts and make your own conclusions. #TheFamilyCFO #newmarketontario #auroraontario #investornews #investmentnews #businessnews #investment #finance #money #startup #economy #investing #investmentportfolio #stockmarket #financenews #dailynews #marketnews #financialnews #stockmarketnews #sharemarket #mutualfunds #millionaire

When I’m trying to not spend and save more here are 5 things I do: 1 Have a cooling off period. Don’t buy today but wait one day. 2 Revisit my goals and see if they are in alignment with them 3 Review my bank account and credit card transactions. Be aware and cut unwanted items.... 4 Look for items on sale but don’t buy them because they’re on sale. Only buy them if I truly need them. Revisit #1. 5 Gamify money. Make it a game and see how much I can win. Whether its saving money or not spending, make it a game and know if you’ve won or lost that day/week/month. Happy budgeting! #TheFamilyCFO #newmarketontario #auroraontario #budget #budgeting #debtfreecommunity #financialfreedom #debtfree #personalfinance #debtfreejourney #daveramsey #savemoney #financialliteracy #financialindependence #frugal #savingmoney #frugalliving #business #investing #debtfreegoals #credit #budgetplanner #wealth #moneygoals #saving #budgetlife #moneymanagement

I've found that life feels like the same day repeating itself recently. Here's how I turned it around and brought the passion back.

Do you have a monthly plan setup to contribute to your RRSP’s? You can also top up with a lump sum contribution in order to make the most of the tax deduction. The lump sum can be done this year or wait until the first 60 days of 2021. My suggestion is to make the top-up as soon as possible. The 4th quarter is historically strong and so is the beginning of the first quarter as people rebalance portfolios. #TheFamilyCFO #newmarketontario #auroraontario #rrsp #tfsa #insurance #retirement #resp #investment #investing #lifeinsurance #financialadvisor #financialplanning #rdsp #financial #retirementplanning #canada #toronto #criticalillness #financialfreedom #mutualfunds #estateplanning #savingmoney #wealthmanagement #entrepreneur #savings #stocks

Many people don’t understand the concept of an RRSP when it comes to selecting investments inside an RRSP. I illustrate it by describing RRSP’s as a backyard. Once you put your money in the back yard (your RRSP) then you can invest in mutual funds, ETF’s, stocks, bonds, GIC’s and more. People wonder if there will be a tax consequence for moving their RRSP’s to another advisor. If you put them in the RRSP backyard and change who the supervisor or manager of those RRSP’s is the...n there is not tax consequence. You are free to move them around to another provider provided that they stay registered in the RRSP. Some providers will have fees and penalties for leaving so be aware of those prior to making any changes. We can review your portfolio to let you know of any potential charges before making a choice. Find out more at tkdale.com/plan #TheFamilyCFO #newmarketontario #auroraontario #rrsp #tfsa #insurance #retirement #resp #investment #investing #lifeinsurance #financialadvisor #financialplanning #rdsp #financial #retirementplanning #canada #toronto #criticalillness #financialfreedom #mutualfunds #estateplanning #savingmoney #wealthmanagement #disabilityinsurance #savings #stocks

Have you ever wanted something but it was so outside of your current reality? I’m finding myself in that position right now. There is a house that is worth 4x my current house and I’m in love with it. It has everything I’ve ever wanted and it’s outside of my budget. So here’s what I’m doing about it. I’m getting hyper focused on what would be required to afford it. What down payment will I need and what type of income do I need to support the mortgage? Then I’m breaking the ...down payment and income requirements into smaller chunks. First step: make $1,000 more. Then $10,000 more. Then $100,000 more. Can I make $1,000 more this month? Yes. Next month can I make $10,000 more? Maybe. Either way I’m going to set the pieces in motion to get me to those goals. Keep expenses low and increase income consistently with laser focus. What are you reaching for? #TheFamilyCFO #newmarketontario #auroraontario #goalsetting #goals #motivation #success #mindset #inspiration #motivationalquotes #entrepreneur #noexcuses #goalgetter #business #workout #goal #positivevibes #successmindset #personaldevelopment #youcandoit #goalsetter #dreambig #selflove #lifestyle #believe #growthmindset #discoverunder1k

Ad you’re going through the rest of your weekend, try and think about what the different areas are that make up your money. They are your ability to MAKE money, KEEP what you earn, GROW the money you make and protect what you keep, grow and your ability to make money. #financialfreedom #success #newmarketontario #auroraontario

The tax deferral benefits of an RRSP are enormous. A long time horizon and deferring taxes can have massive benefits. Having said that, you should look at all the sources of expected income in retirement. There may be other ways to make the most out of retirement while also putting in prudent estate planning. Some of these methods include insurance, holding companies and trusts. Find out more at tkdale.com/plan #TheFamilyCFO #newmarketontario #auroraontario #rrsp #tfsa #insurance #retirement #resp #investment #investing #lifeinsurance #financialadvisor #financialplanning #rdsp #financial #retirementplanning #canada #toronto #criticalillness #financialfreedom #mutualfunds #estateplanning #savingmoney #wealthmanagement #disabilityinsurance #savings #stocks

The last day to contribute to your RRSP for your 2020 tax year is March 1, 2020. You need to have contributed by then in order to use that contribution as a deduction towards your 2020 income. I find the best way is to do the best that you can but be sure to setup a regular contribution for the rest of the year. If you’re finding it difficult to pay yourself first, I work with many people on budgeting and cash flow so that their money goes where they want it to go. Find out m...ore at tkdale.com/plan #TheFamilyCFO #newmarketontario #auroraontario #rrsp #tfsa #insurance #retirement #resp #investment #investing #lifeinsurance #financialadvisor #financialplanning #rdsp #financial #retirementplanning #canada #toronto #criticalillness #financialfreedom #mutualfunds #estateplanning #savingmoney #wealthmanagement #disabilityinsurance #savings #stocks

The maximum RRSP contribution that you can contribute for the 2020 tax year is $27,230 subject to your earnings as they can’t go above 18% of your earnings. You can also use past years’ unused contribution room. If you’re unsure, consult a financial advisor or accountant. Find out more at tkdale.com/plan #TheFamilyCFO #newmarketontario #auroraontario... #rrsp #tfsa #insurance #retirement #resp #investment #investing #lifeinsurance #financialadvisor #financialplanning #rdsp #financial #retirementplanning #canada #toronto #criticalillness #financialfreedom #mutualfunds #estateplanning #savingmoney #wealthmanagement #disabilityinsurance #savings #stocks See more