Author: Bloom Investment Counsel, Inc.

Know the Difference: Active Income vs. Passive Income

Written by Bloom Investment Counsel, Inc. on July 17, 2023. Posted in Financial Literacy. No Comments on Know the Difference: Active Income vs. Passive Income

Active income and passive income are two different types of income that can have a major impact on your financial well-being. Active income is income you generate through activities such as working, running a business, or providing services. Passive income is income generated by something that you own or have invested in such as savings accounts, real estate, stocks, or rights to something you have created.

This article will discuss the differences between active and passive income sources and how understanding them can help you make better financial decisions.

Bloom Investment Counsel, Inc. Q2/23 Investment Market Commentary

Written by Bloom Investment Counsel, Inc. on July 11, 2023. Posted in Investment Market Commentary. No Comments on Bloom Investment Counsel, Inc. Q2/23 Investment Market Commentary

The performance of the Canadian equity market last quarter was not nearly as robust as the performance of the first quarter.

5 Tips to Create a Stable Financial Future

Written by Bloom Investment Counsel, Inc. on July 10, 2023. Posted in Wealth Planning. No Comments on 5 Tips to Create a Stable Financial Future

For many, financial stability may seem elusive. You have bills to pay, your debt may be increasing, saving for the future is a struggle and planning your retirement remains an item on your to-do list. However, with commitment to a long-term financial plan, a stable financial future is attainable no matter your level of wealth.

The necessary components of a financial plan that will lead you to a stable financial future are explained below.

What to Consider When Buying a Home in Canada

Written by Bloom Investment Counsel, Inc. on July 10, 2023. Posted in Life Events. No Comments on What to Consider When Buying a Home in Canada

Buying a home in Canada can be a daunting task. There are many factors to consider, from location and budget to taxes and insurance, before making such an important decision.

In this article, we will discuss what you should look out for when purchasing a home in Canada. We will cover topics such as mortgages, home-buying incentives and closing costs. By understanding the process of buying a home in Canada and taking the necessary steps to ensure that you make an informed decision, you can be confident that your purchase is both safe and sound.

3 Tips to Save More Money for Retirement

Written by Bloom Investment Counsel, Inc. on July 3, 2023. Posted in Retirement. No Comments on 3 Tips to Save More Money for Retirement

Saving money for your retirement is an important part of your financial planning. With the right strategies, you can ensure that you have enough money to live comfortably in your golden years.

In this article, we will discuss some tips on how you can save more money for retirement. We will look at how budgeting and setting goals can help you save more money in the long run, as well as what kinds of investments are best suited for retirement savings. We will also discuss the importance of having an emergency fund and how it can help protect your retirement savings from unexpected expenses.\