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What Are Some Common Challenges High-Net-Worth Individuals Face?

While some may consider a large financial surplus as the solution to most problems, the complexity that accompanies significant wealth can present new challenges in its own right. Fortunately, with thoughtful planning and collaboration with the right professionals, these challenges can be overcome. In this article, we explore some of the key areas of concern high-net-worth individuals and families face.

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3 Realistic Ways Millennials Can Save More Money In 2022

You’ve likely heard of the phrase you only live once (YOLO), but have you heard of the term “YOLO Economy”? The so-called “YOLO Economy,” coined by the New York Times (2021), is a phenomenon in which millennials are reimagining their professional lives — some abandoning stable 6-figure jobs to start a new business, others turning a side hustle into a full-time gig or simply taking a break from the urban rat race altogether — and there is absolutely nothing wrong with that. After all, you do only live once.

However, while the financial consequences of this professional reimagining may be insignificant in the short term (due to fattened stay-at-home savings), the absence of a stable monthly paycheck may increase the financial consequences over the longer term. For those millennials who have abandoned their day jobs in pursuit of creative ways to reach the same goals through entrepreneurship with an au revoir to the corporate career treadmill, here are 3 realistic ways to save more money in 2022.

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Are You The Beneficiary Of Sudden Wealth—What Should You Do?

You’ve unexpectedly received a large sum of money—what should you do? You may find yourself overwhelmed—perhaps even paralyzed—as you try to work out how to deal with the significant surplus you now have over your everyday needs. This article highlights 3 key steps in planning how to handle sudden wealth in ways that are fulfilling and meaningful to you.

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The Ultimate Guide To Philanthropy In Canada

When you strategize and plan your philanthropic efforts, you not only control how and when your time and resources will be allocated, but you might also be able to add real value to your overall wealth through significant tax savings, which can be allocated back towards philanthropy.

In this article, we will break down the process of formalizing your philanthropic vision, touch on how to choose which organization to give back to in Canada, and highlight one powerful philanthropy strategy with the opportunity to minimize tax.

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