The cost of living in Canada is growing and one of the most drastic examples of this is property values. People are not only paying outside their price range on their homes, but also their cottages. It may be time to evaluate if your recreational property is worth the investment.

Stages | Simple advice to help you win financially

Can your family afford to keep their cottage?

These days, with lifestyle expenses soaring, everyone should be creating multiple revenue streams. One income just doesn’t cut it any more. On top of your job, two more ways you can bring in money are developing a side hustle and creating a passive income strategy. Let me tell you about our team of advisors. As a client, you need an advisor to trust when it comes to your future. Your financial plan. We’re all in different stages of life; starting a business or a family, saving for your new home, restructuring your debts, optimizing your cash flow, building your investments or transitioning into retirement. We have to start somewhere. Set up a virtual or in-person meeting with your advisor today.

Everyone should have multiple income sources

As soon as you’re working, it’s a good time to launch some long-range money goals. At the beginning of your career, you might not have a lot of cash flow after the bills are paid ̶ but that will change. Your Carte Financial Advisor can show you how to prepare for your rising success.

What does financial planning looks like at different life stages?

Have you insured your greatest asset? You ̶ your financial income potential and your ability to leverage money to create wealth ̶ this is your greatest asset. You have wisely insured the other valuables in your life. Protect your own value with long-term disability (LTD) insurance. Doing this today will safeguard your future.

How to Win With Higher Investment Risk

Make cash flow your personal monarch. It is essential for a prosperous future. Because a key part of any wealth strategy involves using your money to make more money. Cash flow management is central to financial planning. Think about how you lived last month. Calculate your personal cash flow by adding up your income. Then, subtract all your expenses. Did you spend more than you made? This is negative cash flow. It means you are going to waste money on hefty credit card interest or loan charges. You also don’t have extra funds available for investing in your future. This month, calculate your cash flow by tracking where your paycheque goes. Create a clear, detailed budget. Learn the difference between fixed expenses and variable expenses.

Treat Cash Flow Like Royalty

Do you know about Responsible Investing? Let me tell you about our team of advisors. As a client, you need an advisor to trust when it comes to your future. Your financial plan. We’re all in different stages of life; starting a business or a family, saving for your new home, restructuring your debts, optimizing your cash flow, building your investments or transitioning into retirement. We have to start somewhere.

You Can Have It All! Invest Responsibly and Profitably

Good Estate Planning Keeps Your Family Safe You want to fully protect your loved ones when you’re gone. That’s what estate planning does. Learn why you need a Will and how the probate process works. Also, how setting up a Trust can help when family affairs are complicated.

Good Estate Planning Keeps Your Family Safe

Filing your income taxes can be confusing. Avoid these 10 mistakes and keep yourself on track for success.

Avoid These 10 Common Tax Mistakes

Why has the Registered Retirement Savings Plan (RRSP) remained so popular over the years? Because it continues to be a tax-efficient way to save money. No matter what point you are at, professionally, the flexibility of this plan offers benefits. Your Carte Financial Group Advisor can help you leverage the power of an RRSP throughout your career. Here are six ways it can help reduce taxes and grow that important nest egg.

Six ways to power up your RRSP throughout your career

If you are considering the full picture of your financial health, it’s likely you have quite a few insurance policies. In addition to auto and homeowner or tenant insurance, you may have life and disability or critical illness insurance, and possibly creditor insurance and even pet insurance. 

Are you over insured?

Post-secondary education has never been more important to a secure livelihood. Canadians with a university degree earn significantly more than their counterparts without one. This is particularly true for young women. A female with a bachelor’s degree, for example, earns 60% more than one with a high school diploma. 

Why saving for your child’s education is more important than ever

The COVID-19 pandemic has accelerated the rate at which everyone — individuals and businesses alike — has adopted technology. Those companies who are able to incorporate new technologies are more likely to survive the pandemic and succeed in the years to come. 

Using technology to help your business thrive during COVID-19 and beyond

COVID-19 has affected most aspects of our lives, including where we’re choosing to live. Many city dwellers are looking to get out of the high-density downtown core and switch to suburban or rural living. 

How COVID is influencing home ownership

It’s tougher than ever for young adults just starting out to establish themselves, with many facing reduced employment or job layoffs due to COVID-19. As a result, some young people are turning to their parents for help covering expenses.

How to Help Your Kids Without Hurting Your Bottom Line

Staying on top of finances and everything around it can be daunting; we have filtered and produced only the most relevant pieces for your success at every stage of your life while keeping it fun, short and creative! Our team of advisors across Canada are ready to help you win financially, visit www.cartefinancial.com today!

hubhopper

Stages | Simple advice to help you win financially

hubhopper