The Hidden Role of Luck in Building Wealth
|
When it comes to money and investing, a lot of people fall into the same trap: chasing what’s "hot” right now. If a certain stock, sector, or trend is making headlines, many will jump in–hoping they’ve found a "sure thing.”
The funny thing is, that’s the exact opposite of how real planning works. Whether it’s a financial strategy, goal setting, or life in general, lasting results come from acting before the proof is obvious.
Think about New Year’s resolutions. When you commit to exercising three times a week or finding a new job, you’re betting on something you want, not something you already see. At first, there’s no evidence it...
|
|
|
Smart Tax Tips for Small Business Owners
|
Running a small business is exciting and rewarding–but it also comes with plenty of challenges. Between managing cash flow, building your client base, and keeping customers happy, taxes can easily slip down the priority list. With some planning, though, tax season can be less stressful and even work to your advantage.
Keep Records Year-Round
The number one rule for stress-free tax filing? Stay organized all year long. Keep receipts, invoices, and statements in one place–whether that’s a file folder or a cloud-based accounting system. Regular bookkeeping not only saves hours at tax time but also gives you a clear view of your business performance.
As year-end approaches, run a quick estimate of your income and expenses. If you’ll owe taxes, set aside funds now to avoid a last-minute scramble. If a refund is coming, filing...
|
|
|
When Retirement Savings Meet Healthcare Realities
|
Ted and Martha had always planned well for retirement–about $600,000 in their RRIFs, which gave them nearly $4,000 a month before taxes. Everything seemed secure–until Ted began experiencing cognitive impairment.
For a year or so, Martha managed to care for Ted at home. But eventually she had to make a heart-breaking decision: move him into an extended care facility.
Today, depending on your province and whether you’re using publicly subsidized or private care, costs can vary dramatically. For example:
In British Columbia, the maximum monthly rate for long-term care services (publicly subsidized) is $4,073.40 in 2025, while the minimum is about $1,466.20.
Across Canada, private long-term care can cost anywhere from $6,000 to $15,000 per month...
|
|
|
|
|
|
|
|
| |
| Online Resources
|
|
|
|
Not having the best situation, but seeing the best in your situation is the key to happiness.
|
|
Marie Forleo
|
|
|
|
This newsletter was written and produced by AdvisorNet Communications Inc. and is information provided for your convenience only, and is not an endorsement of any product or information provided by any other party. Your financial security advisor makes no representation, warranty, or guarantee of the information offered. Consult a professional before investing in, or buying any financial product. Any indicated rate of return is for illustration purposes only and is not intended to reflect future values of returns on investment. Any amount allocated to a mutual fund or a segregated fund is at the risk of the contract holder and may increase or decrease as it is not guaranteed. Borrowing to invest can magnify the risk of investing. You should not act on, or make any decision based on any information in this publication, as it is meant for general purposes only and it may not accurately apply to your specific circumstances, nor should it be applied as professional advice for the reader. References in this publication to third-party goods or services or trademark names are not endorsements. The publisher and any other party presenting this material to the reader do not guarantee the accuracy and will not be held liable in any way for any errors or omissions, including statements or statistics in this publication, though we seek to present information based on material believed to be precise, reliable, and complete. Quadrus, Quadrus and design, Quadrus Investment Services Ltd. and design, Quadrus Group of Funds are trademarks of Quadrus Investment Services Ltd. used with permission. 
|
|
Visconti Financial Group
110 - 200 Cachet Woods Crt, Markham, ON L6C 0Z8
Ph: (289) 301-4249
|
|
|
|
|
