After speaking with our broker, and before we met our realtor, we decided to check out an open house by ourselves. There was a place right around the corner from where we are renting that was at the very top of our budget, but we wanted to see what our budget would get us in our current subdivision.
Reality set in with a text from the landlord – “can we have a chat tonight?”
An increasing number of Canadians are facing an uphill battle just trying to save enough and earn enough on their savings to be able to retire on time.
At a dinner with friends last week, the conversation turned to dog cloning. Yes, you read that right, dog cloning. A friend had read an article about an Ontario man who is cloning his 20 year old pet for the nominal fee of $50,000 US! Of course, me being the money guy I am, respond with “I can think of quite a few better things to do with $50,000!” and here we are now.
Recently a prospective client asked us the simple, straight-forward question:
Approximately 5% of the population is born into wealth.
About 50%-60% have the opportunity to create wealth and through wealth transfer strategies, allow the next generation to join the 5% above.
If you've ever been to a financial website, you'll know there are many topics that are often debated in the financial industry. The most popular topics include: Will the stock market go up or down? When will interest rates rise? Which type of insurance is most important to have? One topic that has come up in a few conversations in the last week or so has been: