Normal people can become millionaires.
Becoming a millionaire shouldn’t feel unrealistic to you. Because the reality is that with the rising cost of living, most people are going to need to be millionaires to retire comfortably. The exact number is going to depend on how old you are now, how much income...
What would you do if your kids got sick?
When my twins were first born, they were too small to immediately come home. They were born prematurely, so my wife and I spent weeks just being there with them in the hospital. That was all we could really do. Going through that experience made me realize that if...
Taking on risk is like finding a bowl of porridge. It needs to be just right.
Are you taking too much risk with your investments? Or not nearly enough? You hear a lot about risk tolerance. But I think it’s far more important to be able to calibrate your risk. To understand whether you need to be more aggressive or less aggressive to get the...
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An investment portfolio is not a financial plan.
An investment portfolio is not a financial plan. Lots of people think it is though, because they work with an advisor who manages their portfolio and does almost no financial planning. That’s a huge missed opportunity. There is so much value to be added outside of the...
How to Create a Financial Tailwind
When it comes to your finances, do you ever feel like you’re always struggling against the wind? Like it’s constantly blowing in your face? One thing we talk about a lot at Tallkirk Financial Group is creating a financial tailwind. Because when it comes to building...
Building wealth is about living a better life.
At Tallkirk Financial Group, we help people build wealth. But it’s easy to get the wrong idea about what that means. We’re not talking about being able to buy fancy watches and fast cars, yachts, mansions, fur coats and all that nonsense. We care about helping people...
Driving a wedge between your income and expenses is the name of the game.
Lots of personal finance boils down to driving a bigger and bigger wedge between how much you make and how much you spend. The bigger you can make that gap, the more you can save, the faster you can reach your goals. To drive that wedge, you have three options: 1....
Quick Read – Jul 04 2022
Talking about money can be hard at first for many people. It makes them feel uncomfortable, awkward and anxious. Lots of times it means facing reality and figuring out what’s realistic when it comes to buying a home or retiring or what they’re able to afford. Other...
Quick Read – Jun 30 2022
In case you haven’t heard, the pandemic hasn’t been fantastic for the local economy. That’s why the Ontario government has introduced a new staycation tax credit. Here’s the short of it: for trips in Ontario taken during 2022, you can get 20% off your accommodations,...
Quick Read – Jun 27 2022
Lots of people have all the wrong ideas about investing. They think it’s like gambling at a casino, playing poker or blackjack or the slots, hoping to hit the jackpot. They think it always involves picking stocks, watching them go up and down, and making trades every...
Quick Read – Jun 24 2022
Waiting until you’re rich to get financial advice is like waiting until you’re ripped to get a personal trainer. Or waiting until you’re a pro athlete to get a coach. Or waiting until you’re wicked smart to start reading books.
Quick Read – Jun 22 2022
How do you get better investment returns? When most people think about this question, they immediately think about what they’re investing in: which stocks, which markets, which bonds or GICs. And to some extent, getting this right matters. Setting up a diversified,...
Quick Read – Jun 19 2022
One of the scariest things about planning your financial future and getting everything on track is that you actually have to look at your current reality. How much is coming in? How much is going out? What are the things you want to buy and how much are they actually...
Quick Read – Jun 16 2022
It’s still super common for the first investment account people open to be an RRSP. They think it’s the only option (or obviously the best) and that any money they’re saving for retirement should go directly into an RRSP. Parents commonly give this advice (often...
I used to think Life Insurance was only valuable when you die. I was wrong…
Life Insurance is one of the most misunderstood tools and overlooked opportunities in personal finance. Once I wrapped my head around how it could be used to grow my net worth, I completely restructured my own system for building wealth. Honestly, I’m mad the...