Achieving high-net-worth (HNW) status is often seen as a pinnacle of financial success, marked by substantial assets and investments that afford a lifestyle of abundance and security. However, this transition comes with its own set of challenges and responsibilities.

Whether you’ve recently come into wealth through inheritance, entrepreneurship, investments, or a successful career, understanding how to navigate and manage this newfound status is crucial.

When it comes to protecting your assets and interests before or during a marriage, you have two options: a prenuptial agreement or a postnuptial agreement. Both serve a similar purpose, but the timing and circumstances surrounding each can make a significant difference.

Investing in a vacation home may be enticing to you, for the joy of a personal retreat and for the potential for financial gain. The appeal of owning a “place in the sun” that can also generate income through rentals is strong, but whether it’s a good investment or not depends on several factors.

Investing is a crucial aspect of financial planning, but needs to be approached with the right mindset and is best started as early as possible to avoid an investing mid-life crisis.

This article will cover what exactly an investing midlife crisis is, and tips for how it can be avoided or, if it happens, navigated.

Purchases of second homes in Canada have been increasing over recent years with more than 10% of Canadians now owning a second home.

However, there are distinguishing criteria for your second real estate property to qualify as your second home rather than an income property which is a property used for the sole benefit of generating additional income such as a rental property.