Alex Suno

This is a complete ripoff.

As an immigrant myself, the sound of earning in dollars felt like freedom. My relatives back home would boast about how previlege we were, if only they knew.
Sheesh… 😬

This $100 bill still shows 100 even though it’s only worth about $58 now. 😭

$100 in 1999 is equivalent in purchasing power to about $171.03 today, an increase of $71 over 25 years. The dollar had an average inflation rate of 2.17% per year between 1999 & today, producing a cumulative price increase of 71%.

This means that today’s prices are 1.7 times as high as average prices since 1999, according to Statistics Canada consumer price index. A dollar today only buys 58.5% of what it could buy back then.

In my entire lifetime the Canadian Dollar has lost 41.5% of its purchasing power.

I hope my relatives back home understands, I’m not so rich after all. Ouch.. 🫣

If you knew it was going to continue to go down what would you trade it for?

My services

Reasons I chose Greatway.

How do I know if my insurance is expensive or not?

The answer is, health.

When you apply for any kind of insurance. It will go through underwriting. They will determine how risky you are.

The healthier you are the cheaper your insurance will be.

If not, then you are at risk of paying more than you should.

Example above do not count for the type of hobbies or job you have.

To know more about it, please read this article.

Life Insurance Underwriting Classes Explained If you’re applying for life insurance, you might have heard the terms “underwriting” and “risk class” used. Those words can sound intimidating—especially if they make you feel like someone’s going to be scrutinizing all the risks you’ve taken in your life. But the process of underwri...

Purchasing a life insurance policy is one of the most responsible things you can do for the people you love.

➜ Download our comprehensive one-pager “Life insurance means security” today: https://ow.ly/RcA550QpmQy.

And remember that if you purchase a policy from a member life and health insurance company, you are automatically protected by Assuris!

Why LIFE INSURANCE is NOT a cool product?

Why?

1. You cannot wear it on your wrist and say, it's Swiss made.

2. You cannot drive around town and say, it's German technology.

3. You cannot wear it on your arm and say, it's Italian leather.

Life insurance is not a cool product because you cannot brag about having one.

But when the time of crisis comes, the people in your life who matter the most, your spouse, your children, and your parents will be the one to brag about how responsible you were; about how you prepared for their future.

Educating is not simply providing financial product or solution,

Educating is helping to build new habits.

Written by someone in the internet.

"I don't like both, TFSA & RRSP are Bad",

"Let me tell you why",

As an advisor, I do get these comments sometimes saying this is better and that is worse, TFSA is a scam, RRSP is a scam, and the government is trying to trick you into getting these accounts.

A lot of people likes to talk bad about these account and I'm not sure why.
I'm assuming they lack financial literacy, perhaps someone else scammed them, and or they've been misinformed by social media.

Here is a quick run down of the pros and cons of these registered savings account. Many financial advisors complicate these accounts leading people to be confuse. These account are in fact complicated if you're trying to take advantage of them. So lets keep it simple for now,

Speak to an advisor if you need clarification and to figure out which is best for you!

TFSA:
Advantages:
- Tax-Free Growth
- Flexible Withdrawals
- Contribution Room Accumulates
- No Age Limit
- No Impact on Government Benefits
Disadvantages:
- Contribution Limits
- No Tax Deduction
- Limited Investment Options
- Overcontributions Penalty

RRSP:
Advantages:
- Tax Deductions
- Tax-Deferred Growth
- Spousal RRSPs
- Homebuyer's Plan (HBP)
- Lifelong Learning Plan (LLP)
Disadvantages:
- Tax on Withdrawals
- Contribution Limits
- Mandatory Withdrawals
- Limited Flexibility
- Impact on Government Benefits

Your local Vancouver advisor.
Here to help.

How to reduce your Insurance policy cost.

Doing this will help you save money and lower the cost of your Insurance.

Keeping your heart healthy by showing it some love, lead to long-term financial benefits for both individuals and insurance providers.

1) Smoking will spike up the cost of your insurances. So stop it!
2) Obesity is a red flag many underwriters look out for. Go to gym!
3) Stress can lead to depression and mental illness, providers can deem you risky. Get off social media! Take a break!
4) Alcohol consumption and fast foods leads to obesity, liver disease, and other questionable health issues. Getting coverage may give you difficulties.
5) Regular check up with your doctor helps live a healthier life. Doctors statements can also help underwriters and providers approve your application and maybe even give you lower cost or higher insurance coverage.

Being unhealthy without insurance can severely impact financial well-being due to high medical expenses, including emergency care, preventive services, and prescription medications. Additionally, it can lead to lost income, debt, bankruptcy, and limited access to timely and quality healthcare. Health insurance coverage is crucial for protecting individuals from the financial consequences of illness, injury, and medical emergencies.

Speak to an advisor now for help!

The disadvantages of Life insurances.

The more you know the better choices you make! 🌝

Here’s a quick summary,
there are 3 types of life insurances.

▪️Term Life Insurance,
Advantages:

- Affordability
- Flexibility in coverage length
- Simplicity
- Convertibility options

Disadvantages:

- Temporary coverage
- No cash value accumulation
- Potential for premium increases (renewal)
- Limited features beyond death benefits

▪️Whole Life Insurance,
Advantages:

- Lifetime coverage
- Cash value accumulation
- Fixed premiums
- Guaranteed death benefit

Disadvantages:

- Higher premiums
- Limited flexibility
- Complexity
- Potentially lower investment returns

▪️Universal Life Insurance,
Advantages:

- Flexibility in premiums and coverage
- Cash value growth potential
- Investment options
- Tax advantages

Disadvantages:

- Complexity
- Cost variability
- Market risk (for policies with investment options)
- Surrender charges

✅ The best type of life insurance policy for you will depend on your current financial situation, goals, and preferences. Carefully consider your options and seek advice from a financial professional.

Let’s shake it up, for valentine’s day, lets learn how to Invest, Budget, and be Insured.

Happy Valentine’s Day Everyone

Work hard and play hard!

Work hard so that your future children can inherit a legacy they, too, can pass on to their own offspring, ensuring a lasting impact for generations to come.

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Public service announcement

Make sure you are adequately protected!
Follow for more info

Fight your old ones and create a new one.

💯

Are you adequately protected?

Richness is life.

❤️

I don't believe in Insurance",

"I don't have life insurance",

If you fail to plan, you plan to fail. As a result, many families struggles financially.

This leads to many disadvantages such as.
* Placing a financial burden on the family for funeral expenses & debts,
* Lacking income replacement for dependents,
* Limiting resources for education.
The absence of life insurance may also result in difficulties in,
* Preserving assets,
* Providing inheritances,
* Maintaining business continuity.
To address these challenges, individuals should assess their financial needs and consider obtaining life insurance coverage.

Details on Mortgages:
https://lnkd.in/gd4rGf9h

Details on ChildCare & Education:
https://lnkd.in/g6stFZuR

Details on consumer debt:
https://lnkd.in/gp98kYnj

Details on Insurance Income coverage:
https://lnkd.in/gT3sRBXt

Details on funeral cost:
https://lnkd.in/gSy4my8P

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Life insurance provides peace of mind by offering financial protection to your loved ones in the event of your passing. Knowing that there is a financial safety net in place can alleviate concerns about the well-being and future financial stability of your family. It allows you to face life’s uncertainties with the confidence that, in the unfortunate event of your demise, your beneficiaries will receive a financial benefit to help cover expenses like mortgage, education, or other financial obligations. This reassurance contributes to a sense of security and peace of mind for both you and your family.

Follow for more financial knowledge and Inspiration

Promoting a healthy mind involves a multifaceted approach. Regular physical exercise enhances both mental and emotional well-being by releasing endorphins and reducing stress. Prioritizing sufficient and quality sleep contributes to cognitive function and emotional resilience. A balanced and nutritious diet provides essential nutrients for optimal brain function.

Positive social connections, such as maintaining supportive relationships, contribute significantly to mental health. Engaging in activities that bring joy and fulfillment, whether hobbies, creative pursuits, or relaxation, fosters a positive mindset. Mindfulness practices, such as meditation or deep breathing, can also contribute to mental well-being by reducing stress and promoting a sense of calm. Overall, a holistic approach encompassing physical, social, and emotional well-being is key to nurturing a healthy mind.

Financial literacy encompasses the skill to effectively comprehend and handle one’s finances, involving aspects such as budgeting and investing. It’s an ongoing journey that proves more advantageous when initiated early in life.