Kristian Borghesan, Author at 51³Ô¹Ï±¬ÁÏ /blog/author/kristian/ Free personal financial plan Thu, 16 Jan 2020 19:45:45 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 /wp-content/uploads/2018/06/favicon.png Kristian Borghesan, Author at 51³Ô¹Ï±¬ÁÏ /blog/author/kristian/ 32 32 10 types of insurance (and 3 we recommend) /blog/10-types-of-insurance/ /blog/10-types-of-insurance/#respond Thu, 08 Aug 2019 14:27:35 +0000 http://planswelldev.wpengine.com/?p=11720 When you boil it down, insurance is really just the science of managing risk. Here are 10 common types of insurance, including 3 that we regularly recommend.

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]]> If at all possible, save in advance for your renovation project. If you can, spend this spring cleaning and polishing (you’ll be amazed at what some elbow grease and fresh paint can do for your space), and plan to take a hammer to it next year. Not only will that leave you with 12 months to save in advance, it will also give you a chance to think carefully about your renovation plans and keep an eye open for sales on items you’ll need.

For home renovations, there are two savings tools that work particularly well.

The first is a high interest savings account. Unlike the regular savings account at your bank that probably pays next-to-no interest, a pays in the neighbourhood of 2.3% interest and allows you to withdraw your money at any time.

The second is a (TFSA) which, despite the name, can be used as a container for all sorts of investments. The advantage of using a TFSA is that you don’t have to pay tax on your investment income, and you can take out your money without penalty at any time.

Even though there’s a program in place that allows you to , it’s not recommended to withdraw money from your RRSP to fund a renovation. You won’t get the contribution room back and you’ll pay expensive tax on the withdrawals. Leave your retirement fund alone and consider other choices for home improvements.

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]]> /blog/10-types-of-insurance/feed/ 0 How to be a successful long-term investor /blog/how-to-be-a-successful-long-term-investor/ /blog/how-to-be-a-successful-long-term-investor/#respond Tue, 28 May 2019 06:30:04 +0000 http://planswelldev.wpengine.com/?p=11121 Thinking long-term can feel daunting, annoying, or, frankly, boring. But it doesn’t have to be any of those things. Read these 5 strategies you need to adopt to become a successful long-term investor.

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]]> If at all possible, save in advance for your renovation project. If you can, spend this spring cleaning and polishing (you’ll be amazed at what some elbow grease and fresh paint can do for your space), and plan to take a hammer to it next year. Not only will that leave you with 12 months to save in advance, it will also give you a chance to think carefully about your renovation plans and keep an eye open for sales on items you’ll need.

For home renovations, there are two savings tools that work particularly well.

The first is a high interest savings account. Unlike the regular savings account at your bank that probably pays next-to-no interest, a pays in the neighbourhood of 2.3% interest and allows you to withdraw your money at any time.

The second is a (TFSA) which, despite the name, can be used as a container for all sorts of investments. The advantage of using a TFSA is that you don’t have to pay tax on your investment income, and you can take out your money without penalty at any time.

Even though there’s a program in place that allows you to , it’s not recommended to withdraw money from your RRSP to fund a renovation. You won’t get the contribution room back and you’ll pay expensive tax on the withdrawals. Leave your retirement fund alone and consider other choices for home improvements.

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]]> /blog/how-to-be-a-successful-long-term-investor/feed/ 0 7 must do steps before buying a house /blog/7-must-do-steps-before-buying-a-house/ /blog/7-must-do-steps-before-buying-a-house/#respond Tue, 07 May 2019 06:23:47 +0000 http://planswelldev.wpengine.com/?p=10904 The home buying process can be lengthy and stressful; Taking the right steps makes it a little more bearable Here are 7 must-do steps before buying a house.

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]]> /blog/7-must-do-steps-before-buying-a-house/feed/ 0 3 things you need to consider during your mortgage renewal /blog/3-things-you-need-to-consider-during-your-mortgage-renewal/ /blog/3-things-you-need-to-consider-during-your-mortgage-renewal/#respond Tue, 19 Feb 2019 06:17:52 +0000 http://planswelldev.wpengine.com/?p=10265 Mortgage renewals can be a little bit of work but they're great opportunities to reassess your financial situation which can lead to saving thousands.

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]]> /blog/3-things-you-need-to-consider-during-your-mortgage-renewal/feed/ 0 51³Ô¹Ï±¬ÁÏ’s top 15 best movies about money and business /blog/top-15-best-movies-about-money-and-business/ /blog/top-15-best-movies-about-money-and-business/#respond Fri, 15 Feb 2019 06:35:34 +0000 http://planswelldev.wpengine.com/?p=10089 Kick your feet up, get the popcorn ready and enjoy your night. Here’s our list of the top 15 best movies about money.

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]]> /blog/top-15-best-movies-about-money-and-business/feed/ 0 51³Ô¹Ï±¬ÁÏ reviews: What our clients say about us /blog/planswell-reviews/ /blog/planswell-reviews/#respond Thu, 07 Feb 2019 13:15:33 +0000 http://planswelldev.wpengine.com/?p=10223 How many stars would it be worth if you could feel like a financial genius? These happy clients gave us five stars and we're proud of that :)

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]]> /blog/planswell-reviews/feed/ 0 What you need to know about critical illness insurance /blog/what-you-need-to-know-about-critical-illness-insurance/ /blog/what-you-need-to-know-about-critical-illness-insurance/#respond Fri, 21 Dec 2018 06:38:02 +0000 http://planswelldev.wpengine.com/?p=9297 What would happen if you got sick and your illness required expensive treatments or time away from work? Critical illness insurance is an inexpensive way to protect yourself.

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]]> /blog/what-you-need-to-know-about-critical-illness-insurance/feed/ 0 What you need to know about disability insurance /blog/what-you-need-to-know-about-disability-insurance/ /blog/what-you-need-to-know-about-disability-insurance/#respond Mon, 17 Dec 2018 06:30:47 +0000 http://planswelldev.wpengine.com/?p=9299 If you depend on your paycheque to pay the bills, you need something to fall back on if something unexpected happens. That’s why disability insurance is a basic building block of a good financial plan.

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]]> /blog/what-you-need-to-know-about-disability-insurance/feed/ 0 What you need to know about term life insurance /blog/what-you-need-to-know-about-term-life-insurance/ /blog/what-you-need-to-know-about-term-life-insurance/#respond Wed, 12 Dec 2018 20:26:11 +0000 http://planswelldev.wpengine.com/?p=9295 If you have people who depend on you financially, you need a safety net in case something goes wrong. That’s where term life insurance comes in.

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]]> /blog/what-you-need-to-know-about-term-life-insurance/feed/ 0 Top 10 myths about financial planning /blog/top-10-myths-about-financial-planning/ /blog/top-10-myths-about-financial-planning/#respond Mon, 12 Nov 2018 07:03:37 +0000 http://planswelldev.wpengine.com/?p=8839 The financial industry has traditionally been flooded with myths, lies and untold truths - making it hard for most people to figure out what’s what.

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