It's Personal Finance Canada

The desire for freedom, flexibility and financial independence is greater than ever and it shows no signs of stopping while the world keep turning. This week we talk all about FIRE Movement aka the Financially Independent and Retire Early Movement see how these philosophies can help us manage not only our personal finances but how we live our everyday lives. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com

Is your retirement number an age, the number on your ivnestment statment or something else? This week we talk about all of the moving parts that go into determining your retirement number and how Chrisinte helps her clients find their happy number. This isn't a one time calculation as the stock marketn inflation and a host of other factors will impact your comfort during retirement If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com Useful Resources: FP Canada Projection Assumption Guidelines for 2022: https://fpcanada.ca/docs/default-source/standards/2022-pag---english.pdf 

Your income is the most important number in your budget – all of your lifestyle, ability to achieve goals stems from it. This week we talk about how your career is the most important part of your budget and how you can maximize it to better your finances and personal life. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com

You wouldn't think that goals and lifestyle could be at odds in your life, but when your goals and lifestyle disagree with each other you'll find yourself stuck in life. This week we talk about the balance needed between our short-term goals and our overall lifestyle that we are trying to cultivate. We also talk about how both goals and lifestyle can work with and against each other is we don't know what we truly want in life. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com

Over 40% of Canadian couples get divorced, and money issues are the leading cause. This week we talk about the true cost of divorce and what happenes when irreconcilable financial differences drive people apart. Everything from child support to seperating assets, it all has a long term cost on your financial future. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com Useful Resources: BMO's 2014 survey on Divorce in Canada: https://globalnews.ca/news/1144095/top-reason-for-divorce-money-says-bmo-poll/  Federal Child Support Calculator: https://www.justice.gc.ca/eng/fl-df/child-enfant/2017/look-rech.aspx Federal Spousal Support Calculator: https://www.justice.gc.ca/eng/fl-df/spousal-epoux/index.html

Renting is becoming harder, more expensive and for many people their only option. This week we talk go over some tips you help you through all stages of this process. Making the right decisions is key as housing for many is the biggest part of their monthly budget. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com Useful Resources: Info on tencancy agreements from the BC Government: https://www2.gov.bc.ca/gov/content/housing-tenancy/residential-tenancies/starting-a-tenancy/tenancy-agreements  Sample Tenancy Agreement from the BC Goverment: https://www2.gov.bc.ca/assets/gov/housing-and-tenancy/residential-tenancies/forms/rtb1_chrome.pdf  Sample Roomate Agreement: https://tenants.bc.ca/wp-content/uploads/2020/05/Roommate-Agreement-Template.pdf  Renting 101 from the CMHC: https://www.cmhc-schl.gc.ca/en/consumers/renting-a-home

This week we follow up our talk on wills and go into detail about how a person's assets are transfered after they die. How property, investments money and other items ends up in the hands of those your love can be complicated but we unpack things so you can better understand how to structure your assets today so that more gets transfered to others later. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com Useful Resources: BC- WESA info: https://www.bclaws.gov.bc.ca/civix/document/id/complete/statreg/09013_01  Pecore vs. Pecore supreme court of Canada ruling: https://scc-csc.lexum.com/scc-csc/scc-csc/en/item/2355/index.do 

Don't be one of the 50% of Canadians who don't have a will and leave their fortunes in the hands of the courts. This week we talk about the reasons you need a will so you can continue to take care of the people you love even when you're gone.  If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com Useful Resources: - Link to estate law resources by province https://www.canada.ca/en/financial-consumer-agency/services/estate-planning/resources-estate-law.html - The Government of Canada web site provides a great deal of help in dealing with the many tasks to be handled in the event of a death: https://www.canada.ca/en/financial-consumer-agency/services/estate-planning.html  

Our goals are often sacrificed to our desires. This week we talk about the power that spending can have on our lives and how it can derail our dreams for our future and our goals in general. Learn how shopping is used to squeeze happiness out of our lives which feel more and more out of control, and what we can do about it. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com Useful Resources: Forbes article about how happiness being tied to being able to spend money: https://www.forbes.com/sites/traversmark/2020/01/21/why-showing-off-our-wealth-makes-us-happier-than-wed-like-to-admit/?sh=7c50f5c12c1b 2014 study from the Journal of Consumer Psychology on retail therapy: https://www.sciencedirect.com/science/article/abs/pii/S1057740813001149  Ipsos Reid “ Understanding Retail Psychology to maximise conversions”: https://www.ipsos-retailperformance.com/en/insights/g-understanding-retail-psychology-maximize-conversions/#:~:text=Retail%20psychology%20is%20the%20study,to%20boost%20their%20own%20performance

This week we go over some of the top options available to invest in during this down market, ranked from highest risk options like stocks to lowest risk like GIC"s with a little surprise in the middle. Plus Cameron talks about why paying attention to a stocks Beta is so important in how you value stocks and funds and why so many people miss out on big gains when they don't. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com Useful Resources: Harvard Business School - "The Low Beta Anomaly: A Decomposition into Micro and Macro Effects" https://www.hbs.edu/ris/Publication%20Files/FINAL%20Decomposition%20of%20Low%20Risk_36c1e488-c814-496a-bd3b-113e54b3be1d.pdf