We Think Money

Making Money Goals That Get You There Setting financial goals is like hanging a map on your wall to inspire and motivate you to accomplish your travel bucket list. Your map might have your future adventures outlined with tacks and twine. It may be patched with pictures snipped from travel magazines. You would know every twist and turn by heart. But to get where you want to go, you still have to make a few real-life moves toward your destination. ... Here are 5 tips for making money goals that may help you get closer to your financial goals: 1. Figure out what’s motivating your financial decisions. 2. Control Your Money. 3. Track Your Money. 4. Keep an Eye on Your Credit. 5. Know Your Number. ........................................................................... What plans do you already have for your journey to your financial destination? Do you know how much you can set aside for retirement and still have something left over for that Hawaii trip? And do you have any ideas about how to raise that credit score? Looking at where you are and figuring out what you need to do to get where you want to go can be easier with help. Plus, what’s a road trip without a buddy? Call me anytime! ........................................................................... #Wethinkmoney #canada #makemoney #makemoneyathome #makemoneyfast #makemoneynow #makemoneyonlinefree #makemoneytoday #makemoneyonlinenow #makemoneydaily #makemoneyonlinefast #makemoneyontheinternet #makemoneywhileyousleep #makemoneynotfriends #makemoneyfromyourphone #makemoneymoves #makemoneyeasy #makemoneyquick #financialgoals #financialgoal #financialgoals2020 #financialgoalsetting #financialgoalsamust #financialgoalplanning #financialgoals #financialgoals #financialgoalsetter #nancialgoals #financialgoal2020

Emergency Fund 101: Protecting and Growing Your Fund Over 50% of Canadians and nearly 60% of Americans report that they don’t have savings to turn to in the event of an emergency. If something unexpected were to happen, do you have enough savings to get you and your family through it and back to solid ground again?... As you begin to save money to build your Emergency Fund, use these 5 rules to grow and protect your I did not see THAT coming stash: 1. Separate your Emergency Fund from your primary spending account. 2. Do NOT touch this account. 3) Know your number. 4) Avoid bank fees. 5) Get started immediately. .............................................................................................. There’s always going to be something. That’s just life. You can avoid that dreaded phone call to your parents (or your children). There’s no need to apply for another credit card (or two). Start growing and protecting your own Emergency Fund today, and give yourself the gift of being prepared for the unexpected. ............................................................................................. #Wethinkmoney #canada #millennialsretireyoung #millennialsberkarya #millennialspeaker #financial #financialliteracy #financialadvisor #financialindependence #financialgoals #financialfreedom #financialplanning #financialservices #financialplanner #financialpeace #spendingtimewithfamily #spendingqualitytime #spendingtimewithfriends #spendingmytime #spendingspree

The Millennials Are Coming, the Millennials Are Comin Didn’t do so well in history at school? No worries. Here’s a historical fact that’s easy to remember. Millennials are the largest generation in both Canada and the US. Ever. Even larger than the Baby Boomers. In Canada, those born between the years 1980 to 2000 number over 9.5M and in the US, 92M. These numbers dwarf the generation before them: Generation X at 7.2M in Canada and 61M in the US.... When you’re talking about nearly a third of the population of North America, it would seem that anything related to this group is going to have an effect on the rest of the population and the future. Here are a few examples: Millennials prefer to get married a bit later than their parents. (Will they also delay having children?) Millennials prefer car-sharing vs. car ownership. (What does this mean for the auto industry? For the environment?) Millennials have an affinity for technology and information. (What traditional ways of doing things might fall by the wayside?) Millennials are big on health and wellness. (Will this generation live longer than previous ones?) ............................................................................. Ultimately, this shift toward Millennials and what they’re looking for is an exciting time to gauge where our society will be moving in the next few decades, and what it’s going to mean for the financial industry. ............................................................................. #millennials #dgmillennials #millennialsewing #blackmillennials #millennialstyle #megamillennials #childlessmillennialsofdisney #millennialsuccess #millennialschoice2019 #millennialsforbernie #1kmillennials #millennialsabroad #millennialsforenvironment #spiritofmillennials #brimillennials #millennialsretireyoung #millennialsberkarya #millennialspeaker #financial #financialliteracy #financialadvisor #financialindependence #financialgoals #financialfreedom #financialplanning #financialservices #financialplanner #financialpeace

Are You Going for ‘Normal’ Spending? When planning your budget, what’s your definition of ‘normal’ spending? For example, how much would you spend on a meal at a restaurant before it moves into lifestyles-of-the-rich-and-famous territory? $100? $50? $20? To some, enjoying a daily made-to-order burrito might be par for the course, but to others, spending $10 every day on a tortilla, a scoop of chicken, and a dollop of guacamole might seem extravagant. Chances are, there may be... some areas where you’re more in line with the average person and some areas where you’re atypical but don’t let that worry you. Read on In case you were wondering, the top 3 things that Americans spend their money on in a year are housing ($18,186), transportation ($9,049), and food ($7,203). The top 3 things Canadians spend their money on are in the same exact order: housing ($18,033), transportation ($11,815), and food ($8,784). Those top 3 expenses might very well be about the same as your top 3, but everything else after that is a mixed bag. Your lifestyle and the unique things that make you, well you greatly influence where you spend your money and how you should budget. ................................................................. #wethinkmoney #canada #spending #spendingtime #spendingtimetogether #spendingmoney #spendingtimewithfamily #spendingqualitytime #spendingtimewithfriends #spendingmytime #spendingspree #spendingtimewithmylove #spendingplan #spendinghabits #spendingtimewithhim #spendingmoneyidonthave #spendingtimewithmom #spendingallmymoney #livingwellspendingless #spendingproblems #spendingtimewithyou #spendingcash #spendingsomequalitytime #spendingtracker #spendingallmytime #spendinglog #spendingmoneywisely #financial #financialfreedom #financialplanning #financialadvisor #financialgoals See more

Have you ever wondered how someone could actually retire? The main difference between a strictly unemployed person and a retiree: A retiree has replaced their income somehow. This can be done in a variety of ways including (but not limited to): Saving up a lump sum of money and withdrawing from it regularly Receiving a pension from the company you worked for or from the government (Social Security in the US and Canadian Pension Plan in Canada) ... Or an annuity you purchased that pays out an amount regularly For the example below, let’s assume you don’t have a pension from your company nor benefits from the government. In this scenario, your retirement would be 100% dependent on your savings. The amount you require to successfully retire is dependent on two main factors: 1. The annual income you desire during retirement 2. The length of retirement .................................................................. All of this info may be hard to hear the first time, but it’s the first real step to preparing for your retirement. Knowing your number gives you an idea about where you want to go. After that, it’s figuring out a path to that destination. If retirement is one of the goals you’d like to pursue, let’s get together and figure out a course to get you there no math degree required! ................................................................. #Wethinkmoney #canada #savings #daylightsavings #bigsavings #savingspecies #savingsaccount #savingschallenge #savingsgoals #lifesavings #taxsavings #savingstips #savingsouls #supersavings #couponsavings #teamsavings #savingstar #luxlifesavings #savingsoles #savingstracker #savingsbank #localsavings #fuelsavings #savingstip

Savings Rates Need Some Serious Saving Ever hear the old story of the 7 years of plenty followed by 7 years of famine? In the years when there was an abundance of crops, it was wise to store up as much as possible in preparation for the years of famine. However, if instead of saving you ate it all up during the 7 years of abundance, the result would be starvation for you and your family during the 7 lean years. This might be an extreme example in our modern, First World socie...ty, but are you eating it all up now and not storing enough away for your retirement? The definition of retirement we’ll be using is: An indefinite period in which one is no longer actively producing income but rather relies on income generated from pensions and/or personal savings. ..................................................................... So unless you’ve found the elixir of everlasting life, we’re going to need to do some serious saving of the personal savings rate. Is there a solution to this dilemma? Yes. If you’re looking for possible ways to store up and prepare for your retirement, I’d be happy to have that conversation with you today. ..................................................................... #Wethinkmoney #canada #savings #daylightsavings #bigsavings #savingspecies #savingsaccount #savingschallenge #savingsgoals #lifesavings #taxsavings #savingstips #savingsouls #supersavings #couponsavings #teamsavings #savingstar #luxlifesavings #savingsoles #savingstracker #savingsbank #localsavings #fuelsavings #savingstip #watersavings #targetsavings #travelsavings #energysavings

Resolutions: 3-Month Check In Can you believe it? It’s almost April! Since 2018 is really ramping up, here’s a question for you... How are your New Year’s resolutions holding up? Can’t even find the list you made on December 31st? Take heart: Approximately 80% of New Year’s resolutions fail by the second week of February. And for financial resolutions, the unexpected can derail many people’s plans. In 2016, 73% of those surveyed said that they couldn’t stick with their financial resolutions because of a surprise expense like sudden unemployment or emergency health care costs. ........................................................................ Contact me, and together we can review your financial strategy to make any additions or adjustments so that you and your loved ones can breathe a little easier for the rest of 2018. As for 2019 the New Year is getting closer every day ......................................................................... #wethinkmoney #canada #financecanada #canadafinance #canadafinancial #canadafinancing #canadafinancialliteracymonth #canadafinancials #canadafinances #financialadvisor #financialplanning #financialdistrict #financialservices #financialgoals #financialplanning #financialadvisor #financialindependence #financialpeace #financialservices #financialpeaceuniversity #financial #lifeinsuranceagent #lifeinsurancematte

6 Financial Commitments EVERY Parent Should Educate Their Kids About Here are 6 critical financially-related lessons EVERY parent should foster in the minds of their kids: ......................................... 1. Co-signing a loan... ......................................... 2. Taking on a mortgage payment that pushes the budget ......................................... 3. Financing for a new car loan .......................................... 4. Financial retail purchases .......................................... 5. Going into business with a friend .......................................... 6. Signing up for a credit card ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: The Lesson: ‘Learn to discipline yourself to save for things you want to buy and then pay for them with cash. Focus on paying off debt like student loans and car loans not going further into the hole. And when you have to get a credit card, make sure to pay it off every month, and look for cards with rewards points. They are, in essence, paying you! But be sure to keep Lesson 5 in mind!’ :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: #wethinkmoney #canada #financecanada #canadafinance #canadafinancial #canadafinancing #canadafinancialliteracymonth #canadafinancials #canadafinances #financialadvisor #financialplanning #financialdistrict #financialservices #financialgoals #financialplanning #financialadvisor #financialindependence #financialpeace #financialservices #financialpeaceuniversity #financial #lifeinsuranceagent #lifeinsurancematte

Millennials: Getting Your Money to Work for You If you feel like you make less money than your parents did at your age You’re probably right. A new report from Young Invincibles revealed that Millennials have a median income of $40,581 20% less than what Baby Boomers were making in the same life stage. It’s probably no great surprise that Millennials have less Less money to spend. And less money to save.... You know that saving is important for your future. Retirement may seem far away, but it’s coming. So what do you do with the money you should be saving now? This is where a little-known formula called The Rule of 72 comes in Here’s how it works: Take the number 72 and divide it by the annual interest rate. The answer is approximately how many years it will take for money in an account to double. For example, applying the Rule of 72 to $10,000 in an account at a 4% interest rate would look like this: 72 4 = 18 That means it would take approximately 18 years for $10,000 to grow to $20,000 ($20,258 to be exact). This formula really shows the value of finding a higher interest rate, doesn’t it? .................................... If you start early, you have the potential to be well-prepared for your retirement. Contact me today, and together we can discuss how to get your money to work for you! .................................... #millennials #millennialsretireyoung #millennialsforbernie #millennialsforenvironment #millennialsuccess #millennialsewing #megamillennials #millennialsblog #millennialsbelike #millennialsandmoney #millennialsmom #millennialstruggles #millennialstore #financecanada #canadafinance #canadafinancial #canadafinancing #canadafinancialliteracymonth #canadafinancials #canadafinances #financialadvisor #financialplanning #financialdistrict #financialservices #financialgoals See more

Who Can Be My Life Insurance Beneficiary? Here are some simple tips that can help point you in the right direction: Choosing Your Life Insurance Beneficiary Who you name as your beneficiary is a deeply personal decision, and there’s no right or wrong answer. Here are some areas to consider:... 1. Family: Spouses, children, siblings, and parents are all very common choices as life insurance beneficiaries. However, children under the age of 18 are a special case. Life insurance companies won’t pay a death benefit to a minor, so you may want to choose a responsible adult whom you trust with the welfare of your child. 2. Legal guardian: If your life insurance policy does name a minor as your beneficiary, your insurer may require that you designate a legal guardian. 3. Business / Key Person Life Insurance: In business partnerships, other partners can be a named beneficiary. Businesses also sometimes insure the life of a key employee with the business as the beneficiary. 4. Friends, etc: You can also name a friend as a beneficiary assuming your friend isn’t a minor. Note: Contrary to popular belief, you can’t name a pet as your beneficiary but you can name someone you’d trust to care for your pet. (Sorry, Fluffy.) Choosing a life insurance beneficiary isn’t necessarily complicated, but there’s some room for error in certain situations. While the decision is always yours to make, it’s best to discuss your options with your financial professional to help make sure the settlement goes smoothly and your wishes are honored. ................................................................ #wethinkmoney #canada #financialplanning #financialadvisor #financialindependence #financialpeace #financialservices #financialpeaceuniversity #financial #lifeinsuranceagent #lifeinsuranceawarenessmonth #lifeinsurancematters #lifeinsuranceawareness

So You Want to Buy Life Insurance for Your Parents... A few extra considerations when buying a life insurance policy for your parents: 1. Insurable interest still applies. If your parents already have a significant amount of life insurance coverage, you may find that some insurers are reluctant to issue more coverage. Insurable interest requires that the amount of coverage doesn’t exceed the potential financial loss. (In other words, if your parents already have enough cover...age, a company may not want to insure them for more.) 2. Age can limit coverage amounts. Assuming that your parents are older and no longer generating income, coverage amounts will be limited. If your parents are younger and still have 20 or more years ahead of them before they retire, they can qualify for a higher amount of coverage. 3. Age can limit policy types. Certain types of life insurance aren’t available when we get older, or will be limited in regard to the length of coverage. Term life insurance is a good example. Your options for term life insurance will be fewer once your parents are into their sixties. The available term lengths will also be shorter. Policies with a 30-year term aren’t commonly available over the age of 50. .............................................................................. How Can I Use The Life Insurance For My Parents? Depending on the amount of coverage you buy or can buy (remember, it may be limited), you could use the policy to plan for any of the following: >. Final expenses: You can expect funeral costs to run from $10,000 to $15,000, maybe more. >. Estate taxes: Estate taxes and so-called death taxes can be an unpleasant surprise in many states. A life insurance policy can help you plan for this expense which could come at a time when you’re not flush with cash. #wethinkmoney #canada #financialplanning #financialfreedom #financialadvisor #financialindependence #financialpeace #financialservices #financialeducation #financialgoals #financialtips #financialfitness #financialhealth #financialpeaceuniversity #financial #financialliteracy #financialplanning #financialfreedom #financialadvisor #financialindependence #financialpeace #financialservices #financialeducation #financialgoals #financialtips #financialfitness #financialhealth #lifeinsurance #lifeinsuranceagent #lifeinsuranceawarenessmonth #lifeinsurancematters #lifeinsuranceawareness

3 Easy Ways To Save For Retirement (Without Investing) Our retirement years will be here sooner than we think. Ideally, you’ve been putting away money in your IRA, 401k, or other savings accounts. But are you overlooking ways to save money now so you can free up more for your financial strategy or help build your cash stash for a rainy day?... ..................................................................... 1. Pay Yourself First. 2. Got A Bonus From Work? Great! Keep it. 3. Pay Down That Debt. But keep this in mind life is about balance. It’s okay to treat yourself once in a while. Just make sure to pay yourself first now, so you can treat yourself later in retirement. ...................................................................... #wethinkmoney #canada #financialplanning #great #help #cash #make #accounts #savings #money #retirement #think #ways #investing #easy #personalfinance #want #financialfreedom

Top Reasons Why People Buy Term Life Insurance Some Basics about Term Insurance Many of life’s financial commitments have a set end date. Mortgages are 15 to 30 years. Kids grow up and (eventually) start providing for themselves. Term life insurance may be a great option since you can choose a coverage length that lines up with the length of your ongoing financial commitments. Ideally, the term of the policy will end around the same time those large financial obligations are ...paid off. Term policies also may be a good choice because in many cases, they may be the most economical solution for getting the protection a family needs. As great as term policies can be, here are a couple of things to keep in mind: a term policy won’t help cover financial commitments if you or your spouse simply lose your job. And term policies have a set (level) premium during the length of the initial period. Generally, term policies can be continued after the term expires, but at a much higher rate. The following are some situations where a Term policy may help .................................................................................. >Pay Final Expenses >Pay Off Debt >Income Protection Term life insurance can provide income protection to help keep your family’s financial situation solid, and help things stay as normal as they can be after a loss. .................................................................................. #banking #cash #mortgage #financial #luxury #tax #creditrepair #blockchain #lifestyle #education #loans #millionaire #daytrader #financialliteracy #forextrader #investments #businessowner #bank #insurance #follow #financialplanning #rich #budget #economy #financialadvisor #accountant #like #broker See more

How to Avoid Financial Infidelity If you or your partner have ever spent (a lot of) money without telling the other, you’re not alone. This has become such a widespread problem for couples that there’s even a term for it: Financial Infidelity. ... Calling it infidelity might seem a bit dramatic, but it makes sense when you consider that finances are the leading cause of relationship stress. Each couple has their own definition of a lot of money, but as you can imagine, or may have even experienced yourself, making assumptions or hiding purchases from your partner can be damaging to both your finances AND your relationship. Here’s a strategy to help avoid financial infidelity, and hopefully lessen some stress in your household: Set up Fun Funds accounts. A Fun Fund is a personal bank account for each partner which is separate from your main savings or checking account (which may be shared). .......................................................................... It might be a little easier to set up Fun Funds for both of you when you have a strategy for financial independence. Contact me today, and we can work together to get you and your loved one closer to those beloved B movies and magic growing dinosaurs. ........................................................................ #Wethinkmoney #canada #retirement #canadians #lifeinsurance #financialplanning #retirementplanning #lifeinsurance #personalfinance #wealth #saving #wealthmanagement #retirementsavings #peaceofmind #budget

Improve Your Love Life... With a Financial Strategy? Who knew that having a financial strategy in place has the potential to improve your love life? Here’s the proof:84% of Americans think a romantic relationship is not only stronger but also more satisfying when it’s financially stable, and 99% of Canadians surveyed think it’s important to discuss the financial future before they say I do.... So what does it mean to be financially stable and ready for the Big Financial Talk? ................................................................ Here’s a simple 5-point checklist to let you know if you’re on the right track: 1. You aren’t worried about your financial situation. 2. You know how to budget and are debt-free. 3. You pay bills on time better yet, you pay bills ahead of time. 4. You have adequate insurance coverage in case of trouble. 5. You’re saving enough for retirement. If you didn’t answer ‘yes’ to all of these, don’t worry! Contact me today, and together we can work on a strategy that could strengthen your peace of mind and perhaps your love life! ....................................................................... #Wethinkmoney #canada #retirement #canadians #lifeinsurance #financialplanning #retirementplanning #lifeinsurance #personalfinance #wealth #saving #wealthmanagement #retirementsavings #peaceofmind #budget

The Shelf Life of Financial Records When you finally make the commitment to organize that pile of financial documents, where are you supposed to start? Maybe you’ve tried sorting your documents into this infamous trio: the Coffee Stains Assortment, the Crumpled-Up Masses, and the Definitely Missing a Page or Two Crew. How has this system been working for you? Is that same stack of disorganized paper just getting shuffled from one corner of your desk to the top of your filing... cabinet and back again? Why not give the following method a try instead? Based on the Financial Industry Regulatory Authority (FINRA)’s Save or Shred ideas, here’s a list of the shelf life of some key financial records to help you begin whittling that stack down to just what you need to keep. (And remember, when disposing of any financial records, shred them don’t just toss them into the trash.) 1. Keep These Until They Die: Mortgages, Student Loans, Car Loans, Etc. 2. Seven Years in the Cabinet: Tax-Related Records. 3. The Sixers: Property Records. 4. The Annually Tossed: Brokerage Statements, Paycheck Stubs, Bank Records. 5. The Easy One: Rental Documents. 6. The Check-‘Em Againsts: Credit Card Receipts/Statements and Bills. .................................................................................................... So even if your kids released their inner Michelangelo on the shoebox of financial papers under your bed, some of them need to be kept for more than just sentimental value. And it’s vital to keep the above information in mind when you’re considering what to keep and for how long. ...................................................................................................... #Wethinkmoney #canada #loan #debt #cashout #personalfinance #millennial #loans #retirement #money #financialplanning #financial #wealth #bank #millennials #bankingservices #financialfreedom #investing #managing #valuation #studentloandebt #downpayment #income

Help Yourself! Get an Instant quote today for:- Cash Value Life Insurance (upto 400% premiums back) ...................................................... Disability Insurance (50% premiums back) ................................................... Critical Illness (100% premiums back) ................................................... TFSA, RRSP, RESP (Secured Investments) ................................................... Health, Dental & Medical Benefits ................................................... Travel & Super-Visa Insurance ................................................... Home - Financing: 1st, 2nd or 3rd Mortgage ................................................... ................................................... ................................................... Best Regards, Nitin Dhawan ( @nitindhawan.v ) CEO We Think Money Ph: 647-226-1177 (Call, Text or Whatsapp) Rich people believe "I create my life". Poor people believe "Life happens to me". ................................................... #wethinkmoney #money #lifeinsurance #insurance #disabilityinsurance #criticalillness #tfsa #rrsp #resp #healthbenefits #dentalbenefits #medicalbenefits #Brampton #mississauga #ontario

Tap the Brakes! Life Insurance and Your Driving Record Oh boy. It happened again: You hit the snooze button one too many times. After a frenzied dash around your house one sock on, a toothbrush hanging out of your mouth, and your kid asking why there’s a can of tuna in his lunchbox you kiss the family goodbye and finally dive behind the wheel of your car.... The GPS says 20 minutes to your office. The problem is you need to be there in 15. It may seem like a good idea to go over the speed limit to get to work on time. (But just a little.) Say, maybe only 10 miles per hour over. But in reality, speeding doesn’t actually get you where you want to go all that much faster. ........................................................................... You might not be aware of this, but during the life insurance underwriting process, the underwriter takes everything on your Motor Vehicle Report (MVR) into account. Accident reports Traffic citations DUI convictions Vehicular crimes Driving record points Just like looking at your health history, occupation, and personal hobbies, an underwriter will examine your driving record as a factor in determining how risky you will be to insure. Even some violations that you might consider to be minor can have drastic consequences for your life insurance application. Any indication of reckless or risky behavior can be a red flag to an underwriter. The more negative activity on your driving record, the worse your insurance classification will be. (And the higher your life insurance rate will likely be.) #Wethinkmoney #canada #finance #money #business #investing #investment #entrepreneur #financialfreedom #success #stocks #wealth #trading #realestate #stockmarket #invest

A New Season of Life Insurance Does it seem like only yesterday that you were welcoming your first child into your family? How quickly the years go by How amazing it is to see your children growing and maturing as they hit milestone after milestone! Before you know it, that kindergarten diploma will be traded in for a high school one! In every new season of life, your family’s needs change and evolve as quickly as your kids do.... '''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''' If you choose to help finance your child’s tuition, make sure you’re not doing it at the expense of saving for your own retirement. It can be a challenge to save for a college education and your own future. Here’s a thought. If it gets difficult, imagine the look on your child’s face if she gets into her dream college and doesn’t have to turn it down because of the cost. ''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''' The proper life insurance policy can help cover expenses including your child’s college tuition and replace income for your spouse to continue down their road to retirement. One quick phone call with me is all you need to get the ball rolling. Let’s review your existing policy or get you started on one that can help your family meet their needs in all seasons of life. ; ; #Wethinkmoney #canada #finance #money #business #investing #investment #entrepreneur #financialfreedom #success #stocks #wealth #trading #realestate #stockmarket #invest #motivation #forex #bitcoin #investor #accounting #cryptocurrency #marketing #wallstreet #startup #trader #personalfinance #entrepreneurship #credit #smallbusiness #goals

Headed in the Right Direction: Managing Debt for Millennials Three simple words can strike fear into the heart of any millennial: Student. Loan.... Debt. The anxiety is not surprising: In 2015, US college graduates had an average of $30,100 in student loan debt. Nearly $30 grand? For that, you could travel the world. Put a down payment on a house. Buy a car. Even start a new business! But instead of having the freedom to pursue their dreams, there’s a hefty financial ball and chain around millennials’ feet. ............................................................................. Debts can become overwhelming remember that stat up there? But with a strategy in mind for the quick and consistent repaying of your loans, so much of that stress and burden could be lifted. Contact me today. A quick phone call is all we need to help get you rolling in the direction YOU want to go. ............................................................................. #Wethinkmoney #canada #loan #debt #cashout #personalfinance #millennial #loans #retirement #money #financialplanning #financial #wealth #bank #millennials #bankingservices #financialfreedom #investing #managing #valuation #studentloandebt #downpayment #income

Well, a few things probably separate you and me from Bill Gates, but he has a habit that may have contributed to his success in a big way: is a voracious reader. He about 50 per year. His reason why: [R]eading is still the main way that I both learn and test my understanding. On his blog , recommended Hillbilly Elegy by J.D. Vance, the of a man who his way out of poverty in Appalachian Ohio and Kentucky into Yale Law and casts a light on the cultural divide in our... nation. ............................................................................. Contact me today, and together we can review your current and work on a to get you where you want to go including some that can help you in your journey to financial independence. ............................................................................. #Wethinkmoney #canada #finance #money #business #investing #investment #entrepreneur #financialfreedom #success #stocks #wealth #trading #realestate #stockmarket #invest #motivation #forex #bitcoin #investor #accounting

3 BIG Advantages to start saving EARLY for your Retirement Savings: Less to put away each month Power of compounding Lower life insurance premiums .......................................................................... Contact me today, and together we can work on your financial strategy for retirement, including what kind of life insurance policy would best fit you and your needs. As for your journey to the brain-boosting benefits of being bilingual just like with retirement, it’s never too late to start. And I’ll be here to cheer you on every step of the way! ....................................................................... See more

Avoid this #unhealthy #financialhabits#unhealthy #financialhabits As well-intentioned as we might be, we sometimes get in our own way when it comes to #improving our #financialhealth. Much like #physicalhealth, #financial health can be affected by #binging, #carelessness, or simply not knowing what can cause harm. But there’s a light at the end of the tunnel as with physical health, it’s possible to reverse the downward #trend if you can break your harmful habits. >Not #bud...geting >Frequent use of #creditcards >Mum’s the #word Taking the time to understand your #money situation and getting a #budget in place is the first step to put #yourfinancial house in order. As you #learn more and apply changes even small ones you might see your efforts start to make a difference! #Wethinkmoney #canada See more

#TravelInsurance: What to know before you go Postcard-worthy sunsets. #Fascinating #cultures and customs. Exotic people and maybe a new language to learn. At least enough to order food, #pay for souvenirs, and find the #nearestbathroom. #Travel can leave us with #amazingmemories and cause us to grow simply by being exposed to different ways of seeing the world. However, going far from #home can be fraught with peril much of which we may not consider when daydreaming about ...our trip. ##insurance has the #potential to provide #protection if the daydream turns into a nightmare in a number of ways. An auto or life #insurancepolicy is designed to provide a limited set of coverages, making the #fairly easy to understand. Travel insurance, by #comparison, can cover a wide range of unrelated #risks, making the coverage and its exclusions a bit more #difficult to #follow. Depending on your travel #insuranceprovider (and possibly your credit card and/or #employee benefits plan), #yourtravel insurance may cover just a #fewrisks or a wide gamut of #potential mishaps. So how do you know what kind of travel insurance you should #purchase? Read on >Trip #CancellationInsurance >#BaggageInsurance >Emergency #MedicalCoverage >Accidental #DeathCoverage >Other #TravelCoverages #Wethinkmoney #canada See more

Ways to pay off your #mortgage faster It’s #paradoxical how #owning a home might make you feel more #secure. But it may also be a #constantsource of worry, particularly if you still have a hefty mortgage #payment each month. For some, having a mortgage is simply a part of life. But for others, it can be an #encumbrance, #especially once you realize that your #interest expense might cost as much as the home itself over the #course of a 30-year loan. Whether your goal is becomi...ng mortgage-free or you just don’t want to #payinterest to your lender for any longer than necessary, there are some effective ways you can pay off your #mortgagefaster. >Make bi-weekly #payments instead of #monthlypayments >Make an #extrapayment each year >Round up #yourpayments The key is consistency. #Making one extra #mortgagepayment and then never making any #extrapayments again won’t make much difference, but sending a little extra with #everypayment may help make you mortgage-free a little faster. #Wethinkmoney #canada See more

Save the #money or #pay off the #debt? If you come into some extra money a year-end #bonus at work, an #inheritance from your aunt, or you finally sold your rare #coin collection for a tidy sum you might not be quite sure what to do with the extra #cash. On one hand, you may have some #debt you’d like to knock out, or you might feel like you should divert the money into your emergency #savings or #retirementfund. They’re both solid choices, but which is better? That depen...ds largely on your interest rates. > #High_Interest Rate > #Low_Interest Rate >Raw #Dollar #Amounts >The Best for You While it’s always important to reduce debt as fast as possible to help achieve #financial #independence, it’s also important to have some money set aside for use in emergencies. If you do receive an unexpected windfall, it will be worth it to take a little time to think about a #strategy for how it can #best be used for the #maximum long term benefit for you and your family. #Wethinkmoney #canada See more

How to live without #credit #cards Our #parents, uncles, aunts, and maybe even our grandparents tried to warn us about #creditcards. In some cases, the warnings might have been heeded but in other cases, we may have learned the #cost of #credit the hard way. Using credit isn’t necessarily a bad thing, but it may be a costly thing and sometimes even a #risky thing. The interest from credit #cardbalances can be like a ball and chain that might never seem to go away. And your ...#financialstrategy for the #future may seem like a distant horizon that’s always out of #reach. It is #possible to live without credit cards if you choose to do so, but it can take discipline if you’ve #developed the #credithabit. >It’s #budgeting time >Hide the plastic >#Pay down your credit card debt >Save for things you want to #purchase >#Save one card for occasional use Living without credit cards #completely, or at least for the most part, is #possible. Sticking to a #budget, #paying down debt, and having a solid #savingsstrategy for the #future will help make your discipline worth it! #Wethinkmoney #canada #finance #money #business #investing #investment #entrepreneur #financialfreedom #success #trading #wealth #bitcoin #stocks #stockmarket #motivation #invest #forex #realestate #accounting #investor #startup #cryptocurrency #entrepreneurship #marketing #trader #personalfinance See more

Why you need an #insurance review Insurance is #intended to #protect your assets and to help cover certain #risks. Policies may have #standardized language, but each #insurancepolicy should be #tailored to your needs at the time the #policy is written. A lot can change in a short #amount of time so an annual #insurancereview is a good habit to develop to help ensure your coverage still addresses your needs. Life changes, and then changes again, and again... There are some obvious reasons to review your #lifeinsurance coverage, like if you’re getting married or having a baby but there are also some less obvious reasons that may change your coverage requirements, like changing jobs or experiencing a significant change in income. Here are some of the reasons you might consider adjusting >your coverage: >You got married >You got divorced >You started a family >Your income changed >Your health improved >You lost weight or quit smoking >You bought a house >You paid off your house >You started a #business >You borrowed money >You retired Depending on what has changed, it may be time to increase your coverage, supplement coverage with another policy, change to a different type of policy, or begin to move some money into savings or update your retirement #strategy. #Wethinkmoney #canada #investing #investment #entrepreneur #financialfreedom #success #trading #wealth #bitcoin #stocks #stockmarket #motivation #invest #forex #realestate #accounting #investor #startup See more

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The starter kit for building #goodcredit Having a good #creditscore is one of the most #important tools you can have in your #financialtoolbox. Your #creditreport may affect anything from how much you #pay for a cell phone plan, to whether you would qualify for the mortgage you might want. Getting and maintaining a #goodcreditscore can be advantageous. But how do you achieve a good credit report? What if you’re starting from scratch? The dilemma is like the chicken and the eg...g question. How can you build a positive credit report if no one will extend you #credit? Read on for some useful tips to help you get started. >Use a cosigner to take out a #loan >#Buildcredit as an authorized user >Apply for a store credit card to build #yourcredit >Keep #studentloans in good standing >Good credit takes time #Wethinkmoney #canada #trading #wealth #bitcoin #stocks #stockmarket #motivation #invest #forex #realestate #accounting #investor #startup #cryptocurrency #entrepreneurship #marketing #trader #personalfinance #credit #smallbusiness #goals #wallstreet See more

When is it ok to use a #credit #card? Some could say never! but there might be #situations in which using a credit card may be the option you want to go with. Many #families use credit with #goodintentions and then #life happens surprise expenses or a change in #income leave them struggling to get ahead of #growing debt. To be fair, there may be times to use credit and times to avoid using credit. >#Purchasing big-ticket items >#Travel and car rental... >#Onlineshopping >#Legitimate emergencies Using credit isn’t necessarily a bad thing. In fact, if you #plan carefully, you may reap several types of benefits from using credit cards and still avoid paying interest. You’ll have to #pay off the balance right away to avoid #finance charges, though. So, always think twice before you charge once. Some credit cards offer consumer benefits, like extended warranties, #extrainsurance, or even rewards. There are some situations in which using a credit card may come in handy. #Wethinkmoney #canada #business #investing #investment #entrepreneur #financialfreedom #success #trading #wealth #bitcoin #stocks #stockmarket #motivation #invest #forex #realestate #accounting #investor #startup #cryptocurrency #entrepreneurship #marketing #trader #personalfinance #credit #smallbusiness #goals #wallstreet See more

4 fundamental #homebuying guidelines Over the course of a 30-year mortgage term, a humble #home may save you thousands of #dollars as opposed to a more opulent one. Even if you abide in a #smallerhouse than you might have envisioned as a kid, it could still provide wonderful memories while offering a haven for #yourfamily. #Homeownership can be a desirable goal, but it may become a burden, however, if the home makes you house poor. Imagine if every spare penny had to go tow...ard your mortgage or upkeep of your home with nothing left over. That’s the definition of things owning you instead of you owning things. Thankfully, there’s a different way. If you’re in the market for a new home, there are four areas to consider before you start your serious search. 1.Save first 2.Think smaller 3.Keep your budget under 25% 4.A 30-year mortgage may provide flexibility All in all, it’s worth considering your long-term outlook before you even begin your new home search. #Wethinkmoney #canada #banking #tax #cash #blockchain #luxury #creditrepair #fintech #savings #financial #financialplanning #bhfyp #budget #lifestyle #financialadvisor #taxes #bank #cars #education #follow #broker #loans #like #millionaire #bookkeeping #economy #accountant See more

Debit or #Credit? What's the difference? For many people, when #purchasing items with a #debitcard or #creditcard, the only difference for them may boil down to simply entering a #PINcode or scribbling a signature. But what really is the difference? The answer may be a little complicated, largely due to misnomers and a blending of terms used by the public. Read on to see what the difference actually is. A clarification of terms The #words credit, #debit, and #cash seem to be ...used so loosely by the general #public that many people seem confused by what the difference is between them. But in accounting and finance, they have very specific meanings. For our purposes, cash is #money that you can spend immediately. It can be cold hard currency of course bills and #coins which you might have in your hand or in #yourwallet or cash can refer to the balance in your checking #account. This is money that you own, and you can #withdraw all of it right now, electronically or physically. #Wethinkmoney #canada #banking #tax #cash #blockchain #luxury #creditrepair #fintech #savings #financial #financialplanning #bhfyp #budget #lifestyle #financialadvisor #taxes #bank #cars #education #follow #broker #loans #like #millionaire #bookkeeping #economy #accountant See more

Sizing them up how do four generations compare #financially? It’s probably safe to say that how we see the world financially is partly due to our age, but also a product of how we see the world itself, including our prospects for the #future. Perspectives drive #financial decisions just as much as the math and may perhaps have an even greater effect than we realize. Here’s a quick #breakdown on how recent generations are grouped by birth year: Boomers: 1946 to 1964... Generation X: 1965 to 1976 Millennials: 1977 to 1995 Generation Z: 1996 or later With Boomers #leading other #generations by up to 50 years or even longer it’s not surprising that there are some stark differences in #financialstatistics including net worth, #savings rates, #homeownership, and #household debt. #Wethinkmoney #canada #finance #money #business #investing #investment #entrepreneur #financialfreedom #success #trading #wealth #bitcoin #stocks #stockmarket #motivation #invest #forex #realestate #accounting #investor #startup #entrepreneurship See more

Even before we leave #childhood behind, we become aware of a decrease in #buying power. It seems like the candy bar in the check-out lane has doubled in #price without doubling in size. Unlike the value of stocks, real estate, or similar assets, candy doesn’t appreciate in value. What has happened is that your money has depreciated in value. #Inflation has a sneaky way of eating away our #money over time, forcing us to either find a way to earn more or to get by with less. ...Even for the youngest of Generation Z, now in their early teens, #consumerprices have increased about 30% since they were born. It seems like the candy bar in the check-out lane has doubled in price without doubling in size. Unlike the value of stocks, real estate, or similar assets, candy doesn’t appreciate in value. What has happened is that your money has depreciated in value. Inflation has a sneaky way of eating away our money over time, forcing us to either find a way to earn more or to get by with less. Even for the #youngest of Generation Z, now in their early teens, consumer prices have increased by about 30% since they were born.[i] demand, and more efficient production and distribution all contribute to a lower price than expected with the egg example. The #Canadian #government uses what is called a Consumer Price Index (CPI) to measure inflation, but many say it still does not truly reflect the modern cost of living[iv] making the true rate of inflation more difficult to determine. #Wethinkmoney #canada #banking #tax #cash #blockchain #luxury #creditrepair #fintech #savings #financial #financialplanning #bhfyp #budget #lifestyle #financialadvisor #taxes #bank #cars #education #follow #broker #loans #like #millionaire #bookkeeping #economy #accountant have increased by about 30% since they were born. See more

In some industries, the competition for good employees is as big a battle as the competition for customers. As part of a benefits package to attract and keep talented people, many employers offer life insurance coverage. If it’s free as the life policy often is there’s really no reason not to take the benefit. Free is (usually) good. But free can be costly if it prevents you from seeing the big picture. Here are a few important reasons why a life insurance policy offered ...through your employer shouldn’t be the only safety net you have for your family. 1. The Coverage Amount Probably Isn’t Enough. A group life policy through an employer may only pay a $50,000 death benefit, of which $10,000 to $15,000 could go toward burial expenses. That leaves $35,000 to $40,000 to meet the needs of your spouse and family who will probably still have a mortgage, car payment, loans, and everyday living expenses. But they’ll have one less income to cover these. If your family is relying solely on the death benefit from an employer policy, there may not be enough left over to support your loved ones. 2. A Group Life Policy Has Limited Usefulness. The policy offered through an employer is usually a term life insurance policy for a relatively low amount. One thing to keep in mind is that the group term policy doesn’t build cash value like other types of life policies can. This makes it an ineffective way to transfer wealth to heirs because of its limited value. 3. You Don’t Own The Life insurance Policy. Because your employer owns the policy, you have no say in the type of policy or the coverage amount. 4. If You Change Jobs, You Lose Your Coverage. This is actually even worse than it sounds. The obvious problem is that if you leave your job, are fired, or are laid off, the employer-provided life insurance coverage will be gone. Your new employer may or may not offer a group life policy as a benefit. . . As with most things, it’s best to look at the big picture with life insurance. A group life policy offered through an employer isn’t a bad thing and at no cost to the employee, the price is certainly attractive. But it probably isn’t enough coverage for most families. See more

Can you actually #retire? Anyone who #experienced the past two #decades as an adult or was old enough to see what happened to #financialmarkets might view #discussions about #retirement with understandable suspicion. Many people who #planned to retire a decade ago saw their nest eggs shrink. Some of those people are now working part-time or full time to hedge their bet or to make ends meet. #Fortunately, the #markets have #recovered, but that doesn’t help if your #investments... were moved to less-volatile #investments and you missed the big gains the #market has seen in recent years. You might feel that #planning for #retirement will be an episode in futility, but it just requires some careful #analysis and discipline. If you’re #relatively young, time is in your favor with your retirement #accounts, and the monthly #amount you’ll need to contribute may be less than you think. If you’re closer to retirement age, the question revolves around how much you have #saved already and how you may need to change your monthly expenses to afford retirement. #Wethinkmoney #canada #finance #money #business #investing #investment #entrepreneur #financialfreedom #success #trading #wealth #bitcoin #stocks #stockmarket #motivation #invest #forex #realestate #accounting #investor See more