As a relatively new dad, I speak from experience when I say that having a child is one of most life-changing events I’ve faced in my life to date. All parents know this. All parents also know that raising a child isn’t cheap these days.
As most of you may know, my wife Stephanie is a teacher and we have a 15 month old son, Elliott. What that translates to financially is 12 months of maternity leave, 3 months of teaching, and now a summer with Steph earning zero income (by choice). Below are the steps we took to make sure our plan could be accomplished.
Congratulations on the grand opening of your very own business! You’re ready to open your doors and have customers crashing through!
As you prepared for this day, you were certain you had everything in order: the cake ordered, the ribbon to be cut, the scissors, the media booked, etc. Everything is awesome.
It happens more often than we think.
In the video series I run on my Facebook page, someone asked me to explain the difference of term insurance and permanent insurance. Since I try to keep the videos short and use everyday language, I thought this blog would help explain the differences in greater detail (even though it uses a little financial jargon).
In retirement, most Canadians will have 3 sources of income. The government, their group pension, and what they are able to save themselves. The problem is, many expect that the government and their pension will support them at their desired lifestyle. What we know, however, is that plans change.
If you’ve ever thought of buying a home and making the biggest purchase of your life, you may get that feeling of being overwhelmed.
Take a breath.
We’re here to help you with the process.
Last week we shared what Scott loves to spend money on, hates to spend money on, and what’s he currently saving for. This week Rob gives his input from a more senior point of view. For the younger readers, this may give a little insight into how your parents think.
As part of our onboarding process, we often ask clients what they love spending money on, what they hate spending money on and what they are currently saving for. This gives us the opportunity to truly understand your unique situation and values before we start planning for anything.
The recent death of pop icon Prince brings to the forefront the need to have all of your financial affairs in order. Obviously no one ever wants to think about their own death, but when we see situations like this, it just breaks our hearts. Prince was worth millions and supported many charitable causes through his lifetime, but he died without a will.