“An investment in knowledge pays the best interest. When it comes to investing, nothing will pay off more than educating yourself.” – Benjamin Franklin
We couldn’t agree more with Benjamin Franklin’s comment. What many perceive to be the reality about investing is often full of misconceptions.
Let’s review 6 common misconceptions about investing in the stock market—because your future will thank you for it.
Philanthropy is a manifestation of a deep personal desire to help others. We can participate through donations of both tangible (wealth or assets) and intangible (time) resources to organizations and causes that support, among others, humanitarian, medical and social needs.
For those who feel the pull towards philanthropy, there are impactful wealth planning strategies to consider.
While giving back evokes happiness and fulfillment, and is a great reminder to be grateful for what we have, it can provide a number of wealth building and planning opportunities too—anyone can do well by doing good through philanthropy in Canada.
In this article, we explore how being philanthropic can add real value to your wealth plan as an individual and as a business owner.
Cryptocurrency (“crypto”) is digital money based on blockchain technology—a decentralized, distributed digital ledger. Therefore, at its core, crypto is a decentralized digital medium of exchange that is designed to be used over the internet.
Unlike other currencies such as the Canadian dollar, no central authority (such as a government or bank) manages and maintains the value of a cryptocurrency. Its value is driven entirely by supply and demand.
Before you buy crypto, understand what you are investing in. What can you buy with crypto, and should you invest in it?
For high income earners and high-net-worth families, taxes can pose a significant impediment to preserving and growing wealth, particularly in cases where income or wealth is concentrated in the hands of one individual or held within an entity. Fortunately, thoughtful tax planning can help you, your business and/or your family keep more of what you have worked so hard to accumulate. In this article, we highlight 3 tax saving strategies that can be used without sacrificing the ability to build wealth.
Purchasing property has become a popular method of both holding and building wealth in Canada. Whilst real estate investing could merely be seen as heightened interest triggered by media coverage in recent years, in truth real estate investing is not new—billionaire Andrew Carnegie famously said many years ago that 90% of millionaires acquired their wealth by investing in real estate.
Let’s explore some common real estate investing methods, including some newer investment vehicles enabling anyone to invest in real estate.