Tags: financial planning, in maple ridge, life insurance, maple ridge, mapleridge, money, personal finance, registered retirement saving plan, retirement savings plan, rrsp
Originally posted on Allen LaRose, FMA, CIM, FCSI:
If there is one thing that I have a real “bee in my bonnet” about, it’s this!
Canadian banks (and other mortgage lenders) tacking on the sale of Mortgage insurance when you get a mortgage from them. Of course this isnt just for mortgages, they do this will all types of loans. They will sell you insurance on any and all loans.
They make it so simple, and they are great at selling you on the reasons why you need the insurance. One little check box and a signature on the credit/mortgage application and BANG! you’ve just bought one of the worst forms of insurance! As far as I’m concerned, a complete waste of money. Even worst then the wasting of money… The false sense of security you get thinking your family will be taken care of if something happens to you, when in fact odds are they will get…
View original 785 more words
Originally posted on Allen LaRose, FMA, CIM, FCSI:
When the economy (and financial markets) are at it’s extremes, either doing extremely well or extremely poorly, dangerous financial products and ideas become more prevalent.
Portus, Eron Mortgage Corp, Shire International Real Estate Investments, and Arbour Energy and just a few Canadian examples. The one common denominator they share, is they all are catagorized as Exempt Market Securities.
What are Exempt Market Securities?
…when companies (issuers) sell securities such as stocks, options, or bonds, they are generally required to file a prospectus. This document contains material facts about both the issuer and the security. However, in certain cases securities can be sold without a prospectus and these investments are called exempt securities; the sale is called an exempt distribution or a private placement.
What should I know about Exempt Market Securities?
These investments are not for everyone. A prospectus is meant to ensure an investor has key facts to be…
View original 430 more words
Whether we’re overwhelmed by that never-ending to-do list or simply distracted (thanks, Facebook), sometimes it feels like we just can’t get enough out of the day. Until 30-hour days are invented, follow these easy, effective tips for getting more done in the 24 we have.
Productivity Hero—Your Action Plan
1. Get enough sleep. Whoever coined the phrase “I’ll sleep when I’m dead” didn’t have all the facts straight. Not getting enough Zzz’s could hinder productivity at work, so try to get those recommended seven to nine hours of snooze time !
2. Create routines. Make a habit of, well, sticking to habits. Schedule actions like writing emails at a certain time or hitting the gym after work, and try to do them daily. Soon that routine will happen on autopilot.
3. Wake up earlier. As long as you’re still able to squeeze in enough sleep, try extending the day by getting up an hour earlier—when it’s still quiet and there are fewer distractions.
4. Step away from the inbox. Incoming emails can be a nuisance. Make a habit to only check the inbox at certain times of the day to avoid getting sidetracked with requests and responses.
5. Make a daily to-do list. Stay away from huge to-do lists. Instead, create a daily list of realistic jobs to tackle, like folding laundry, scheduling a doctor’s appointment, or paying the cable bill. Break up big goals into micro-tasks, like going to a yoga class over getting six-pack abs, or writing a page over completing a thesis. Soon, the small things will add up to big accomplishments.
Read the rest…. 27 Ways to Get More Sh!t Done | Greatist.
“When success is equated with excess, the ambition for excess wrecks us.” —Switchfoot, American Dream
We live in a complicated world—one that has confused excess with success.
We desire lasting significance and influence and impact, but spend most of our time chasing temporal possessions.
Consider how many of our resources are directed towards this accumulation of material goods. We spend our hours earning money. We spend our money buying products. We waste our energy caring for them. And then we punch the time clock on Monday to start the process again.
For an economy based on consumerism to thrive, goods must move. Money must be earned, money must be spent, and the demand for material possessions must continue to increase. Our economy must constantly create goods and manufacture needs.
The result is a world of excess. Even when basic physical needs are met (shelter, clothing, food), the cycle must continue. More goods must be created and more need must be manufactured.
Excess becomes the unintended goal of a consumeristic economy. (tweet that)
Somewhere, understandably, excess also became the goal of the individual. Whoever dies with the most toys wins became the reigning mantra of our culture.
This was an unfortunate turn.
Our souls long for greater accomplishments than the accumulation of material possessions. Nobody sits across the table from another human being and unequivocally declares their greatest goal is to own as much stuff as possible. We think and dream in much broader terms.
We long for something greater than material excess. Our hearts define success differently.
We desire significance. To be known as good fathers and mothers and husbands and wives and friends and citizens.
We desire influence. To use our gifts and make the world better. We want to know our lives mattered for something.
We desire freedom and opportunity. Not just for ourselves, but for others.
We desire love. To be fully known and fully accepted.
Unfortunately, too often, our unchecked pursuit of more stands in the way of this success. Excess material possessions steal our money, time, energy, and freedom. Our definition of true success gets lost in the noise.
Rediscover your greatest goals. Redefine your greatest pursuits. And refuse to equate material excess with lasting success.
Hell no, we won’t pay: How technology transformed our perception of value
Open Source. The backlash against Software Patents. Cloud Computing. Bitcoin. 3D Printing. Post-PC. Cord-Cutting. Electric Vehicles and Alternative Energy.
There are ideological and social drivers that are unique to every single one of these things, and yet there is a common thread that ties them together. I call this trend “anti-spendism”.
Anti-spendism is not necessarily a social movement that is tied to the betterment of society as a whole. It’s not like socialism or communism, where we are talking about a desire to more equitably distribute wealth to the have-nots.
It is by definition, the personal, self-centered desire not to expend capital at all. Or to put a more modern take on it, rapid advances in technology have so lowered our perceptions of what things should cost, that ultimately many goods and services have become devalued far below what people are willing to pay for them.
To put it bluntly, anti-spendism is “Hell no, we won’t pay” syndrome.
Tags: financial planning, in maple ridge, life insurance, maple ridge, mapleridge, mortgage insurance, personal finance, pitt meadows
How to transfer cottage ownership – and reduce the tax bite
Special to The Globe and Mail
Published Wednesday, Jun. 11 2014, 5:38 PM EDT
Last updated Thursday, Jun. 12 2014, 2:21 PM EDT
Cottage memories are like none other.
If you’re visiting a friend’s cottage this summer, here are a few tips that will be sure to create lasting memories for everyone: Bring four very large suitcases (store one in each bedroom if necessary), bring at least two dogs (those with digestive problems are best), start a fire (preferably outside the cottage, and big enough to burn a picnic table), roast marshmallows (bring those mini ones with toothpicks and see who can stand the heat) and scare the kids (ghost stories to give them nightmares for three days can add to the fun).
Originally posted on Prepared in Canada:
I have a great day job…I get to shop for a living! I work for a large, multi-national construction company and I head up the procurement operations for their Canadian division. Every year my team of 20 buys hundreds of millions of dollars worth of goods and services. And because our company has a profit share program there is a tremendous incentive to find the lowest cost.
However, finding the cheapest price is not always the best thing to do. What my department is always focused on instead is finding the best value. Understanding the difference is critical. We have to balance many items to find the best value and cost is just one of them. A particular supplier might have an incredibly low price but if I can’t get enough of the item or I can’t get it when I need it, then the low price is irrelevant. Or…
View original 158 more words