man who wins at bingo

Sudden Wealth Syndrome | Pitfalls and Possibilities

Curtis Haigh Blog

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 …

man jumps into water

Your biggest financial asset is your ability to earn an income

Curtis Haigh Blog

  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 …

man holding out bank card

Household debt in Canada, brace for reckoning

Curtis Haigh Blog

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 …

Investment Fees Mini Series | Part 2 | Sales Charges

Curtis Haigh Blog

  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 …

Why it is so important to get out of debt NOW

Curtis Haigh Blog

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 …

woman_holding_credit_Card

Many women are investment decision makers in their household

Curtis Haigh Blog

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 …

adults walking on beach

Why “Buying Experiences, Not Things” Gets You Nowhere

Curtis Haigh Blog

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 …

bookkeeping lady looking over paperwork

Back to Basics – The Brilliance of Bookkeeping

Curtis Haigh Blog

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 …