What About Low Investment Returns and High Interest Rates? – Pay off Debt or Invest Early Series

(This is a post series on a complicated topic. I will be the first to say debt is an incredibly emotional concept and there is no “right answer” for anyone. Similar to my discussions around asset allocation to bonds/equities, each individual has to reflect on their own behavior when it comes to both debt and stock market volatility. These posts are not blanket advice on debt management to everyone. Despite the above, I believe there is typically a theoretical optimal

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Pay Off  Debt or Invest Early? The Intro

(This is a post series on a complicated topic. It will focus on traditional “good debt” forms such as student and mortgage debt. I will be the first to say debt is an incredibly emotional concept and there is no “right answer” for anyone. Similar to my discussions around asset allocation to bonds/equities, each individual has to reflect on their own behavior when it comes to both debt and stock market volatility. Despite the above, I believe there is typically

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Building Your Financial Plan Part 3 – Budgets and Cash Flows

This is the 3rd post in building out a proper personalized financial plan. Budgets and cash flows are one of the most important determinants to a sound plan since your spending determines a number of the inputs we will calculate around retirement needs, insurance and savings requirements. Tracking Your Spending and Creating A Budget The first step to saving is to understand where your money goes. The bad news is that if you have never done a budget, the first

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Building Your Financial Plan Part 2 – Understanding Your Financial Personality, Values and Goal Setting

This is our second post in the steps to building your comprehensive financial plan. See Part 1 here. Identifying how you feel about money and the role it plays in your life is an important first step to then evaluate what your financial goals are. Emotions and personality type can have a significant effect on your relationship with money and how it works for you. A few common behavioural categories have been identified when it comes to relationships with money and

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Building Your Financial Plan Part 1 – Assets/Liabilities,Debt Consolidation and Net Worth

The core tenets of a proper financial plan should cover the following topics and we will discuss them over a few individual posts to chunk the whole topic into manageable portions. For those of you with financial planners, hopefully they have gone over all these topics and these posts are just a refresher. Unfortunately, it isn’t uncommon to have many of these areas skimmed over and not given the appropriate due diligence. 1.Current Financial Position or Net Worth 2. List

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