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Why I love Generation Z. First, who is Gen Z? Generation Z are generally accepted as those individuals who were born between 1995 and 2012. Why do I love them so much? They get it. Generation Z is ‘woke’, especially when it comes to money. I talk to a lot of different people, and the most optimism I have seen …
Almost 3 months into 2020 and we’ve seen a wild ride so far. No matter where you look, there always seems to be some force of nature making news whether that be media, politics, environment or social issues. All of this information can overload us at times and detract from our long-term financial goals. As this is a financial blog, …
This is a topic that comes out of the woodwork, almost every three or four years. Almost like clockwork, at least since I’ve been in the business. The scenario is this, I get a call from a client or a prospective client and they proceed to tell me about this new strategy that they are being pitched that usually …
Most of us know somebody who has “struck it rich”. Whether that be a high income promotion, winning the lottery, a divorce settlement; or an inheritance. Sudden Wealth Syndrome is a typical effect after a financial windfall. It can cause a sudden and unexpected life transition for individuals and families. For the most part, many people are not prepared or …
For many of us, we wake up every day and take our ability to earn an income for granted. We go to the office or the work site, put in a days work and come home. For those with a disability preventing them from performing their previous occupation, life can become pretty hard financially very quickly Imagine for a …
Household debt in Canada has reached a ballooning 2.16 Trillion dollars. That is Trillion spelled with a “T”. Where is all of this debt coming from? Well, its not just your traditional mortgage debt – it is credit card debt, consumer credit debt, vehicle loans, and home equity lines of credit (HELOC’s). The potentially damaging factor in rising home equity …
This blog is a continuation of our Precision Financial Mini Series on investment fees. As an investor, it is important that you understand what sales charges and investment fees you will pay once you and your financial advisor or financial planner agree upon an investment plan. In our previous blog, we spoke about a recurring annual fee called a …
This blog is part of our Precision Financial Mini Series on Investment Fees Understanding investment fees is no small feat. Fee questions are often met with confusing explanations that leave even a savvy investor feeling frustrated. At Precision Financial, we want you to understand what you are paying for and why, so we’ve created a blog mini-series on investment fees. …
The bank of Canada gave Canadians in debt a “gift” this past week. They gave Canadians the luxury of time. But just how much time do we have? It is no secret that the Canadian economy has been propped up for many years by extremely low interest rates. Canadian consumers have been buying new homes, vacation property, vehicles, and borrowing …
In a poll conducted in March by the CIBC, it found that Ninety-Two per cent of Canadian women with investment portfolios are primarily or equally in charge of household financial decisions. Interestingly enough, only half said they feel confident or have the knowledge to actually invest. The Decision Maker In this same poll, Forty-six per cent of women said they …
Most of us have likely seen the saying “Spend money on experiences, not things” show up in our social media feeds. The saying is often accompanied by a gratuitous photo of a scenic landscape, or a photo of an individual facing away from the camera while they ‘gaze’ (squint?) into the distance. This saying is propagated as a holistic living …
Life as a business owner is exhilarating and rewarding, but lets get back to the basics for a moment. With many factors to consider, such as branding, financing, company structure, and hiring employees, it’s no wonder that bookkeeping becomes an afterthought, viewed more as a necessary part of filing taxes and less as part of an effective business strategy. Here …
I wanted to share a submission from one of our guest bloggers with regards to checking and reviewing your credit card statements! I will admit, I am just as guilty as the next person for relying too much on technology to save me from myself. Keep an eye on those statements! This post takes me back to the day …
Juvenile Critical Illness Insurance What is Juvenile Critical Illness Insurance? Being told your child has a life threatening illness is the worst news a parent can get. I’m sure you have seen or heard of friends or family going through the pain of having a seriously ill child. We hope to never be in that situation ourselves, but the truth …
Image courtesy of Pixabay Financial Tips and Practical Advice for Parents When you have a child, suddenly your priorities shift. Your perspective on the future changes, viewing everything through a lens held by a small person’s hand. You want to ensure the best possibilities for your youngster, but how do you make that happen? Here is some advice for …
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