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Paralysis by analysis

“It is the decision and commitment to start planning for the future that matters. The two bucks a month price difference is merely optimizing that decision. If you are prone to paralysis by analysis, then it might be time to stop overanalyzing two-dollar decisions and just get started.” Brad Brain_ Paralysis by analysis – Alaska…

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Also posted in Planning Encyclopedia |

COVID-19 vaccine will not compromise your life insurance

“We live in an age of polarization, where people are quick to make up their minds and slow to change their opinion. Even when a point of view has absolutely no basis in reality, people can be reluctant to let go of an idea. There is a rumour going around that taking the COVID-19 vaccine…

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Also posted in Insurance Columns |

How to live your best financial life

“The very first, most important thing: live within your means. As Charles Dickens wrote, “Annual income twenty pounds, annual expenditure nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.” Protect your finances from catastrophic health events. Buy term insurance when you are young and have mortgages…

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Also posted in Insurance Columns, Money Management |

Where do you get your advice?

“I recall a specific incident of what I would classify as the wrong way to seek advice. A lady was wondering if she should cash in her RRSP to go travelling. So she asked her friends on Twitter. Her friends are telling her about taxes, and opportunity cost, and saying “YOLO!!!” “ Brad Brain_ Where…

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Retirement not just about money

“For many people, retirement is going to last for a long time. A long retirement is great, but that is assuming you are healthy and happy. Connectivity will do wonders for your happiness, and exercise will do miracles for your health. And if you want some motivation, consider how dreary a lengthy retirement would be…

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Also posted in Retirement Planning |

Your family deserves proper insurance protection

“Creditor insurance is better than no insurance at all, but that’s like saying flip flops in winter are better than no boots at all. It might be true, but just go get some proper winter boots. If you have insurance on your mortgage and you are in good health do yourself a big favour and…

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Also posted in Insurance Columns |

Investing should not be a beauty pageant

“Consider Buffett’s approach of partnership and focusing on business fundamentals versus the current crop of fads and speculations that are so rampant these days. Consider simplicity in the context of the types of complicated and opaque investment options that are popular today.” Brad Brain_ Investing should not be a beauty pageant _ Alaska Highway News

Also posted in Investment Management |

Looking for some tendies

““Tendies” are what the cool kids are calling the big, windfall profits that you are supposed to make from your investments. Tendies are easy money and they roll in quick. At least, that is how the story is supposed to play out.” Brad Brain_ Looking for some tendies _ Alaska Highway News

Also posted in Investment Management |

Meme stocks are not a sound investment philosophy

“Stocks may require some time to show a return on investment, but not stonks. And while stocks may involve some downside risk, that’s not the case for stonks. Stonks only go up. In other words, stonks are a fantasy. But stonks have become a meme. And, as thin as that is, nowadays people are investing…

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Also posted in Investment Management |

The battle of the heavyweights

“The bottom line is that RRSPs and TFSAs are both great planning tools, but neither is intrinsically superior to the other. Which one is right for you will be determined by your objectives and your personal circumstances, including; what do you want to use the money for, when do you want to use the money,…

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Also posted in Income Tax Planning, Money Management |
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