Not Your Traditional Financial Advisor

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🛑🛑THE #1 MISTAKE THAT HOMEOWNERS MAKE!!🛑🛑
Mistake #1: Buying Mortgage Insurance.

Buying a mortgage insurance seems like the right thing to do - but it’s not.
Some banks will make it seem like buying mortgage insurance is a prerequisite to qualifying for a loan. This is not true.

The purpose of mortgage insurance is to pay back your mortgage in the unfortunate event of your death.

Why buying a mortgage insurance is bad:
🚫YOU ARE OVERPAYING for traditional life insurance
🚫 NO INSURABILITY CHECK - you may pay your insurance yet not even be insurable (This means that upon death your mortgage wouldn’t be payed off and instead the premiums you have paid to the bank would be reimbursed.
🚫You are paying a FIXED RATE for a coverage amount that is CONSTANTLY DECLINING.
🚫In the even of death your mortgage is payed off but THE BANK IS THE BENEFICIARY.

Why you should buy traditional lif insurance instead:
✅One insurance policy to cover all your needs - Including your mortgage
✅Instantly find out if you are insurable
✅You pay a fixed rate for a fixed amount of coverage that won’t decrease.
✅The benefits of your premium are payed out to a BENEFICIARY OF YOUR CHOICE instead of a financial institution.
✅The price for life insurance is less expensive than for mortgage insurance.

MESSAGE ME TO LEARN MORE👇

When you think of investing, do you get overwhelmed with the thought of charts, trends, stocks, and all the complicated lingo?

I remember before I started investing, I was so intimidated by all the information I thought was necessary in order to start investing.

The reality was that I spent SOOO much time learning about investment related concepts that didn't actually help me get started.

Instead I dove down a rabbit hole and started concuming what seemed like never ending information which just slowed me down from my goal: To start investing.

I learned that we tend to make things out to be more complicated than they actually are.

When it comes to investing as a beginner, there are only really a few important concepts that are important to understand before you can invest confidently.

I wish I had a competent advisor to guide me. Today I aim to be the advisor I never had so I can help you begin your investing journey.

So tell me, what questions do you have relating to investing? I'll answer them down below!

Do you know the difference between saving and investing ? 💸💰

Warren Buffets Rules to investing:

#1: Don’t lose money
#2: Don’t forget rule #1

This is really the basics to investing. Don’t take money out of the market if you’re at a loss.

The market is volatile which means it goes up and down. That’s part of the game, that’s the whole ride.

If making money off of investing was easy, everyone would do it.

The hardest part is to not sell off your position when the market is negative/falling.

We tend to be emotional and act impulsively. We think that when things are bad they’ll be bad forever, and when things are good they’ll be good forever…

This is why people buy high and sell low!

Investing is for the long term. You need to have that in your vision in order to overcome the temporary market losses.

Keep buying when the price is low and come out on top.

The market ALWAYS goes up over time. Sometimes that time is longer than others but be patient and you will see your profits.

Before you start investing:

1. Determine your net worth (Assets-Liabilities). If your net worth is negative, you need to find a way to get that debt on the lowest interest rate possible and pay it off ASAP.

2. Determine a budget. The power in investing isn't when you invest one time and forget it, but rather when you invest consistently and automatically. Set aside a portion of your income that will go towards your investments automatically every week.

3. Determine your risk tolerance. How much volatility can you stomach? Are you so nervous that you will sell everything if the market drops by a small percentage? This will help determine which assets are right for you.
Before you figure these three things out, you shouldn't be investing.

Investing your money should not be taken lightly and should be done properly to maximize your gains and optimize your lifestyle!

Let's talk about the "Latte Factor''

This is a popular anecdote when it comes to personal finance and it goes like this:

Think of the little luxuries that you treat yourself to on the daily. For a lot of us, we may enjoy a Starbucks Latte (5$). Maybe some of us eat out for lunch every day (10$).

We think that the money spent on these little luxuries is trivial and that it doesn't make a difference in the long run...

The truth is, if we invested those amounts on a daily instead of splurging on coffee or lunch, we could build up a sizable nest egg.

Here's what happens if you decide to invest 5$ a day in the S&P 500 from the age of 18 until the age of 65.... You would have 1,794,687$ for when you retire!

And that's just for investing a "trivial" amount over time.

Now this anecdote isn't here to make you feel bad about consuming coffee, on the contrary, enjoy your little luxuries but make sure that you are investing a portion of your income regularly!

Pay yourself first! And enjoy with what's left over! :)

Hello my friends! Today I wanted to share with you some fears I had before I started investing. There were quite a few:

- What if I get scammed?
- What if I lose all my money?
- What if I lose my logins and lose my money forever😭?
- What's the best investing platform?
- Which has the lowest fees?

And on and on and on with questions. AKA analysis paralysis. I was PARALYZED. So what did I do? I ANALYZED and I read and learned for over 6 months before I invested for the first time🤦‍♀️

It's completely normal to want to know EVERYTHING before you invest your money. It's good to do your own research...

But if I could have had a competent financial advisor who understood the basics to help walk me through my first investments, I would have stressed so much less and probably would have invested a lot more, a lot earlier.

As a financial advisor, I'm passionate about helping others take control of their financial future. Everyone should know how to invest and I'm here to teach you!

Don't be shy and say hi! :)

Time in the market is always better than TIMING the market.

One of the biggest mistakes I hear from new investors is that 'now is not the best time to invest, I'll just wait for a correction'

The truth is that no one can accurately predict when the next correction will be. So many times I see people who are certain they are making the right decision, but the truth is they are now almost 60 years old and spent their whole life waiting for the right moment to enter the markets.

Take advantage of the fact that investing is just at your fingertips. Compound interest is one of the most powerful tools in the universe.

This is the story of Theodore Johnson. He worked for UPS and never made more than 14,000$ a year.

Despite his low income, he understood the power of compounding and managed to invest 20% of his salary in company stocks.

At the end of his 28 year career, he had managed to build up a net worth of 700,000$ in 1952. He remained retired for 39 years until he passed away at the age of 91.

He amassed a fortune of 70 MILLION dollars!

If you think you don't earn enough to start investing, you couldn't be more wrong!

It's not about what you earn, it's about what you keep!

What's my TFSA again?

AKA Tax-Free savings account. Despite its name, the TFSA should not be viewed as a savings account but rather an investing account.

This is an account offered by the government that allows you to not pay capital gains taxes on the gains made from the stock market!

If you were to invest in the stock market outside your TFSA, you would need to pay capital gains taxes on 50% of your gains!

Take advantage of this account, ask me how🤓

So many people think that investing is risky.
The truth is it can be risky if you don't know what you're investing in.

Luckily, there exists a fund that is very beginner-friendly and easy to understand. This fund is called the S&P 500.

What is it??

The fund contains shares of the 500 best-performing companies in America.

When you buy this fund, you are thus investing in 500 of the best companies in America and this allows you to take a relatively 'safe' bet while still diversifying your risk.

The best part is that this fund is an index. This means that the list of companies is not fixed - if one company begins to underperform, it will be kicked off the list and replaced by a better one.

Because of the nature of the index, this fund is not actively managed and therefore has some of the lowest fees for funds you could ever find on the market!

So ok, but how much money can you make?
Historically, and conservatively, this fund has yielded an average return of 10% per year for the past 100 years.

This means that if you put your money in here, it will double without you having to touch it in a matter of 10 years!

The best part is that the longer you leave your money in this fund, the more money you will have!

Share this post if you learned something!

Thank you for liking my page! I just finished my internship and am now officially a financial advisor!

Taking control of our finances is a basic need that is important to help us get to where we want to be in life.

What are your goals for the future? Do you want to start a family, travel, start a business?

Let me guide you through the first steps you need to take on your journey to financial freedom.

My services are for anyone, no matter how much money you have or make!