by TallKirk | Jun 21, 2023 | Quick Reads
One of the worst financial practices that’s still super common is selling creditor insurance or balance protection to people when they’re getting some form of debt, like a credit card, line of credit or mortgage. Often these products are sold during the application...
by TallKirk | Jun 16, 2023 | Quick Reads
One of the biggest misconceptions about rich people is that they got rich by beating the market or by having some special access to investments with sky-high returns. In reality, that’s almost never the case. Many of the investment vehicles wealthy people have access...
by TallKirk | Jun 13, 2023 | Quick Reads
Over the next 80 years, if all goes well, I’m going to turn a $60,000 investment into $4 million for my future grandchildren. How? I took out two whole life insurance policies on my twins. I’ll pay $3k each year ($1.5k each) for the next twenty years for a total...
by TallKirk | Jun 11, 2023 | Quick Reads
Most people are not making the most of their Tax Free Savings Account (TFSA). Part of the problem is the name. It’s not a savings account. It’s an investment account and it should be used like one. Yet, a BMO study from last year found that: * 37% of Canadians don’t...
by TallKirk | Jun 9, 2023 | Quick Reads
If you’ve got screws, a hammer sucks. If you’ve got nails, a screwdriver is useless. Different investment accounts and financial products are the same: different tools with different uses. A common mistake people make is to start with a tool and then complain when it...
