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We are all different people. We experience life differently. We all will enjoy different things. This means that different expenses will matter more or less to each of us. The only way to know what is right for us is to intentionally pause and reflect on the money we spend.

I favour index investing and/or factor investing for myself over other types of active management. Examples of strategies I DON'T use: - Tactical Asset Allocation - Market Timing - Stock Picking - Picking active managers to outperform There are 2 main reasons for this: 👇🧵

How do you know if an asset class makes sense to invest in: 1) Determine the Gross Expected Return 2) Determine how factors like leverage, fees, and taxes play in 3) Take #1 and model the impacts of #2 If you can't actually show your work on this...you shouldn't invest.

Saying a policy loan on a whole life insurance policy is "tax free income" is like me saying my mortgage is "tax free income". Prove me wrong? 🤷‍♂️

Hilarious that they're celebrating this month's CPP and OAS payments lol This has happened every month since the 50s

If you have an incorporated business - sometimes you will be able to “income split”. This means instead of you having to incur all the income yourself and pay tax at higher rates - you can actually LOWER your tax bill by paying your spouse! This isn’t a clean cut “everyone can

Open call to the whole life insurance sales people out there. Who has a live policy that's been in place for 20 years...or even 10 - to show how the cash value has grown. Scrub client identity - but I would love to see some live data to back up these claims of WL's greatness.

A hard truth and limitation for financial planners: A financial plan can be of the utmost quality, with sound recommendations, and beautiful visual appeal. The ability to ACT on the vast majority of the planning items resides with the individual, not the planner.

What I imagine some Private Funds think when I read some investment documents and see the layers of fees in there. If your advisor doesn't know what the fees are on the investments you are paying and/or how they may affect your returns...you don't have a good advisor.

“Spend less than you earn and save money!” Young professionals hear it constantly. It makes perfect sense. But where? 401(k), Roth IRA, taxable brokerage account, high-yield savings? A mega thread on the features for each of these accounts (BOOKMARK THIS)🧵👇

This is nonsense. You're taking only the federal credit, ignoring the provincial credit, then saying your CPP is taxed at the top bracket in retirement. Why are you assuming CPP is the last income to be taxed in retirement given its guaranteed? Logically it should be the first

Questions to ask yourself. If you want to beat the index in your investments...how much do you "need" it? What are you giving up for it? (Time, effort, the chance of getting it wrong, etc) How much worse off will you be if it doesn't work out?

Where the party at concert with: - Nelly - Eve - Ja Rule - Chingy And man am I having a blast! Shake yo tail feather and Air Force one came on and man…is my undergrad soul fulfilled

Experiences>Things Happy I spent the money and time on this. 0 regrets

An example of privilege and generational wealth I haven't really stopped to consider. Work flexibility to stop working and attend my kids' sports, or take them on mini excursions. Not everyone has that luxury and if used well...can create amazing memories/foundation for growth.