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Wealth

Should You Delegate Everything?

For many years I have had the opportunity to coach and train numerous financial advisors and high net worth entrepreneurs. One of the biggest challenges is helping them calculate what an hour of their time is worth. Truly understanding this concept is incredibly valuable for executives.  Something all these successful folks have in common is […]

Wealth

Congress Just Passed the Biggest Bill in a Decade – The SECURE Act: 7 Things You Need to Know

On December 19th, the Senate passed the most sweeping retirement bill since the Pension Protection Act of 2006. The SECURE Act, whose progress had stalled until lawmakers tacked it onto a spending bill to keep the country running, aims to make saving easier amongst a bevy of changing rules. The House already passed the legislation, […]

Wealth

How Much Should I Contribute to My RRSP?

Figuring out how much to contribute to your RRSP is important. Do it right, and you maximize your tax savings now, while setting yourself up for a good income after retirement. Do it wrong, and you could find yourself paying more taxes than you have to. Luckily, planning how much to contribute to your RRSP […]

Wealth

20% Of Millennials Will Die With Debt?

In a shocking recent study on www.cnbc.com, the average millennial (aged between 18 to 34) is currently carrying $36,000 in personal debt excluding any home mortgage they have.  While this debt is certainly crushing this generation, just over 60 percent of millennials with debt have absolutely no idea when they are going to pay this […]

Wealth

RRSP vs. TFSA: Which is right for me?

Which is better—a TFSA, or an RRSP? That’s kind of like asking, “Which is better—a t-shirt, or a sweater?” Fundamentally, they do the same thing—t-shirts and sweaters both keep you covered, Tax-Free Savings Accounts (TFSA) and Registered Retirement Savings Plans (RRSP) both let you save money for the future. But the way they do it […]

Wealth

Should You Be Self-Gifting On Black Friday

As the holiday season approaches us, one of the trends that is growing is called self-gifting.  Have you been annoyed in holiday seasons past because you end up getting gifts that you’ll never use or a drawer full of gift cards from stores you don’t really like?  We get so cautious about telling people what […]