My Awakening – Dear BHD…
The numerous challenges and changes that seemed overbearing weren’t without reason. When you log on to BHD you are witnessing my growth, which is essentially how BHD came to be. I figured if I kept writing I would get over my then heartbreak and post by post my laptop and wordpress would nurture me into...
Life Insurance: Safe, Secure & Not Broke
“What I should be looking for in an affordable family life insurance plan”? When it comes to affordable life insurance, there are a variety of strategies available to ensure proper coverage without breaking the bank. For example, looking at term vs permanent insurance is a way to have greater insurance coverage at a lower...
Take advantage of a tax-free savings account
We hear about it and see it all the time, but what’s the best use for a tax-free savings account? Here are some tax-free opportunities you should take advantage of: -Young people, who are usually in lower tax brackets, could use a TFSA to build an emergency reserve or save for a car or a...
Tax-free “Investment” Account
As of January 1, 2009, the government introduced what is known as the “tax-free savings account, (TFSA)”. This is an account that allows you to save/invest up to $5,000 a year and earn tax-free interest. You can also withdraw up to $5,000/year without being taxed, and if you don’t withdraw, the withdrawal limit carries over...
Financial Empowerment
When creating a financial/investment portfolio, you want to have multiple investment buckets available. This is because each bucket has its advantage and disadvantages. The key is to ensure you are increasing each bucket’s advantages and not allowing their disadvantages to eat away at your capital. So what are these buckets? These are: Pension/RRSP/non-Reg/TFSA. Not everyone...
Mortgage Insurance, what’s the point?
Mortgage insurance protects your beneficiary from any outstanding cost or capital gains cost on your property in the event of your death. There are many varieties of mortgage insurance, making it harder to choose one. I always recommend having individual life insurance and incorporating the value of your mortgage into your death benefit. Reason being...
Decisions, Decisions, Decisions
We all want to save but we also want to have fun. The choice between how much to save and what to cut out seems to be one with no happy medium in sight. When dealing with clients facing this issue, I always tell them that this decision starts off with clearly setting present and...
Disability won’t hold me down
The rate for women going on disability due to an accident or illness is increasing annually, but very few of us protect our income or family with proper insurance. The reality is that most of us have settled with our company benefits. But if a disability claim happens, a coulda shouda woulda is not going...
Money Talk: The B Word
Have you wondered where all your money goes at the end of the month? Is it the bills swallowing up all of your income? Or is it eating out, going to the mall, and entertainment habits? The only solution is one we all hate to hear. You know, the B word – Budget. A budget...
I am Woman
Since we at BHD are celebrating women who are empowered and fearless this month, I had to re-visit ‘why’ I decided to change my career path. I went from teaching children to have great careers and be model citizens, to educating adults on the power of investing and adding value to the money they work...
FOR THE LOVE OF HEALTH
There are so many types of insurance products that are available to Canadians that it can be slightly overwhelming. From standard life, critical illness to disability, what insurance is right for you? One thing is for sure; you are nothing without your health. We all work hard to build wealth, but what is wealth when...
Planned Giving Program – Leave a legacy to the charity or non-profit you LOVE
Most of us have a church or non-profit organization that we hold dear to our hearts and would like to give back to but don’t have the assets to do so. Leaving a legacy helps such organizations expand, stay in business and allows the donor be part of its future existence. With insurance, one can...
Embrace and LOVE our tax system
Canada is known as the country of taxes, but if you know how to work the system, you’ll love Canadian taxes. There are a variety of ways we Canadians can reduce our tax bite. A common way of achieving this is through your annual contributions to your RRSP. This is achieved based on your annual...
