INVESTING VS. PAYING DOWN DEBT
It’s one of the most common questions we hear as financial advisors: I only have a limited amount of money left after paying my monthly bills. Should I pay down my debt first or save for the future? First things first. We can avoid this decision altogether by being smart about taking on debt. Many […]
Vs. The Banks
Over the past 2-3 years, all 4 of the Big Banks (BMO, TD, CIBC and Scotiabank) have been found guilty of overcharging clients on management fees associated with their Mutual Fund sales (see article below). The level of overcharging, misrepresenting compensation and fees, is disgraceful. Collectively, in the first quarter of 2017, the Canadian banks […]
Mortgage Insurance versus Life Insurance
Have you ever asked yourself what the difference is between mortgage insurance and life insurance? Let me tell you, the differences are great and they are something you need to know about. How does this scenario sound? You have been paying for mortgage insurance through your bank for many years, only to face a life altering […]
The Money Treadmill
With the cost to borrowing being at all time lows, you’d think that most Canadians would be paying down their debt faster than ever. That just isn’t the case. This article talks about the disturbing trend among Canadians, and hopefully will help us with our own financial decision making. Read the article here: More Canadians […]