by Super User
on 20 June 2018
 Creating a budget may sound boring but taking the time to do so will have a huge impact on your future.  It is easy to overspend and with the amount of household debt at an all-time high, managing your finances can seem hopeless.  However, the more attention you pay to your spending habits, the easier you will find it to achieve financial success.
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by Super User
on 12 June 2018

 

Preparing for the eventual transfer of assets between generations has been the traditional purpose of life insurance.  Over time and with innovations in the insurance industry, life insurance has evolved to also include wealth creation, and income generation elements. 

Insurance products can be owned by an individual or inside a corporation depending on the unique situation of each person, family and business; that is, who pays the premiums (or deposits depending on the insurance type) is relevant.

Permanent (whole), Universal and Participating life insurance policies offer a number of potential benefits to individuals, businesses and families depending on who pays the premiums and who is the beneficiary.

In addition to the lump-sum death benefit that provides asset protection for beneficiaries, insurance policies offer various degrees of tax avoidance and deferral that contribute to their attractiveness.

 

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by Admin
on 12 June 2018

 

As many of us know, financial stress can impact many areas of our lives. A study conducted by Fidelity in collaboration with Stanford University found that the worse financial shape we are in the more likely we are to have severe stress-related issues in our lives. The study found that taking on more debt caused higher stress levels, worsened sleeping patterns, weight gain, and a general decrease in physical activity which in turn can lead to greater health problems.  With that information, minimizing money woes should be on everyone’s minds.

The Financial Planning Standards Council (FPSC) found that 42 percent of Canadians rank money as their greatest stressor and that number certainly doesn’t seem to be going down.

 

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