investing

RDSP vs. RESP?

RDSP vs. RESP? Many parents open up a Registered Education Savings Plan (RESP) soon after their child is born even though post-secondary education is years away.  People initiate the savings process early on because the expense is so significant.  As parents of a child with a...

Is Financial Planning, Investing?

Is Financial Planning, Investing? “The focus of financial planning is about investing.” Investing is an important aspect, but it is not the only one.  Financial planning is about protecting assets and income from loss and misuse as well.  This includes tax reduction strategies, insurance...

Is it Better I Manage My Own Finances?

Is it Better I Manage My Own Finances? “If I manage my finances on my own instead of spending the money on a financial expert, I will be better off.”  Maybe.  This maybe true for some, but not many.  Remember, financial advice does not necessarily drain your pocket (if it does, you are probably...

Is Financial Planning For Everyone?

Is Financial Planning For Everyone? “Financial planning is not worthwhile if you don’t have much money.”  Even those living on a meager income have to make choices. Financial planning is about making choices and it isn’t all about investing, which is only one part of the puzzle. It is not...