Before you can be financially independent, you need to be self-sufficient, meaning you’re earning an income, and you’re paying the bills to make ends meet. Having the resources to take care of yourself is important if you want to continue to build towards your goals, aspirations, and future.
The best financial planning advice at your fingertips.
- Cash Flow & Debt Management
- Risk Management
- Small Business Tips
- Support System
On August 17th, 2021, Grow Your Wealth attended a webinar on Canada’s fight against cybersecurity and how the government assesses and mitigates risks. Jason Greeley (Director of Cybercrime, Federal Policing Criminal Operations of RCMP) led the panel, alongside Manulife’s Kirsten Neumann (Director, Bank Investigative Services) and Simon MacRae (Inside Sales Manager). We learned quite a […]
What would you say to a young person who has given up on the idea of owning a house in today’s economy? If you’re in the BC or Ontario market especially, or any other market in Canada where prices have skyrocketed such that homes have increased in value between 2 and 5 times in the […]
Considering cash flow when owning rental property If you’re an investor and you’re looking to break into the rental property market, how much should you consider contributing as a down payment? Lenders have rules, cash flow management is essential, and knowing the supplementary costs of owning a property are essential to your success. Below are […]
The most significant purchase you make in your lifetime will likely be your home. Navigating the rules of home purchasing are complex and there is much to consider regarding down payment amounts, mortgage insurance, cash flow and resale. Read on for clarity on the home buying process. First, you need to consider an affordable down […]
One of the major hurdles for business owners when trying to grow their businesses is deciding whether an investment is going to be worth it or not. Unfortunately, nobody has invented a working crystal ball yet, so we can never be 100% sure if it’s going to be worth it when we lay down money […]
Welcome to 2021, everyone! As we begin the new year, many of us are seeking new beginnings. For some of you, that might mean selling your business. If you are in a position to sell your business, congratulations! The question when selling your business is how can you make it alluring to potential purchasers. To […]
What are High Interest Savings Accounts, GICs, and High-Interest ETFs? Many business owners pay GST or business taxes quarterly or annually. But what can you do with this cash that is sitting on the sidelines? Before I answer that, let’s make sure that you ARE setting aside money to pay your tax bill. If you […]
Check out this great article from The Globe and Mail, featuring our senior financial planner, Shyam Ganesh! For Shyam Ganesh, a financial planner with Grow Your Wealth Financial Planning, whose client base is comprised of 80 per cent millennials, do-it-yourself trading has only increased the perceived value of professional advice. “I really love new innovations […]
Today I want to share with you a tool that has helped me in managing my day-to-day financial expenses. If at the end of each month, you find yourself wondering where your money went, or if you are wondering how your credit card bill got to be so big, or if you aren’t satisfied […]