It's Personal Finance Canada

Get ready for the financial hustle as the year wraps up! Unpack crucial year-end strategies for capital gains and tax planning that could save you money. Learn how to maximize the new TFSA limits while fine-tuning your savings approach. Reflect on your past financial goals and gain insights to set fresh targets for the New Year. It’s all about seizing opportunities and preparing for a prosperous 2025! Don't forget to review your financial paperwork and consider seeking expert advice for a smoother transition.

This week we talk about the pros and cons of the First Home Savings plan and how it can work with other programs to help you buy your first major debt burden. When is an FHSA better than the RRSP Home Buyer plan, how much is really available and more ways to avoid the bank of mom and dad. If you live in British Columbia, Alberta, Saskatchewan, Manitoba or Ontario let us help you take care of the people you love and visit braunfinancial.com  DIY Investing at: https://get.modernadvisor.ca/braun-financial/ Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada Useful Resources: Gov website for FHSA: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/first-home-savings-account.html

I must not fear. Fear is the wallet-killer. Fear is the little debt that brings financial obliteration. I will face my fear and I will permit it to pass over me and through me. This week we learn how Tim Ferriss uses “Fear Setting” to help him take control of his life. Learn the simple strategy of Define, Prevent, Repair and avoid procrastination and failure in your own life. If you live in British Columbia, Alberta, Saskatchewan, Manitoba or Ontario let us help you take care of the people you love and visit braunfinancial.com  DIY Investing at: https://get.modernadvisor.ca/braun-financial/ Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada   Useful Resources: Tim Ferriss Article/TED talk: https://tim.blog/2017/05/15/fear-setting/

Dive into the compelling debate around the FIRE movement and its role in combating inflation. Explore investment strategies that outpace rising costs, including the pros and cons of owning versus renting. Learn how annuities and bonds can build wealth over time, especially during inflationary periods. The discussion also covers retirement planning, emphasizing the importance of managing withdrawal rates and savvy budgeting. Discover key financial strategies tailored for small business owners to thrive amid economic challenges.

What goes up must come down, except for taxes of course. This week we make sense of the most recent rate cut by Bank of Canada and what that means for your wallet. Plus we look at contributing factors such as recent GDP and inflation numbers to see how healthy our economy actually is. If you live in British Columbia, Alberta, Saskatchewan, Manitoba or Ontario let us help you take care of the people you love and visit braunfinancial.com  DIY Investing at: https://get.modernadvisor.ca/braun-financial/ Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada   Useful Resources: Bank of Canada Press Release: https://www.bankofcanada.ca/2024/10/fad-press-release-2024-10-23/

And to my loved ones, “You get nothing, you loose, good day sir!” This week Christine shares valuable tips from a recent Estate Planning conference that she attended. Why are wills important, how to make life easier for beneficiaries and a host of different strategies to pass on wealth with less hassle. If you live in British Columbia, Alberta, Saskatchewan, Manitoba or Ontario let us help you take care of the people you love and visit braunfinancial.com  DIY Investing at: https://get.modernadvisor.ca/braun-financial/ Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

When I was young I played a computer game called “Lemmings,” little did I know then, it was a documentary. This week we talk about several ways investors follow others off the proverbial cliff into the gaping maw of the stock market. Perils such as selling at the bottom, timing the market, and miscalculating the role of human behavior all come with a great financial cost. If you live in British Columbia, Alberta, Saskatchewan, Manitoba or Ontario let us help you take care of the people you love and visit braunfinancial.com    DIY Investing at: https://get.modernadvisor.ca/braun-financial/

Turns out the story of the Tortoise and the Hare was about investing all along. This week we’ve collected some of the best advice from Warren Buffet and see if everyday people like us can also succeed in investing. Hear personal tips like investing in yourself and how all of that plays into building a mentality based on patience and properly understanding what your are investing in. If you live in British Columbia, Alberta, Saskatchewan, Manitoba or Ontario let us help you take care of the people you love and visit braunfinancial.com  DIY Investing at: https://get.modernadvisor.ca/braun-financial/ Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada  

My commitment to change is unchanging… or is my commitment to being unchanging changing? This week we explore several of the hurdles that keep us from making real progress with our personal finances. See  how procrastination, uncertainty, feelings of being overwhelmed and unwillingness to change keep us trapped in financial ruts and stop us from doing more with our lives. If you live in British Columbia, Alberta, Saskatchewan, Manitoba or Ontario let us help you take care of the people you love and visit braunfinancial.com  DIY Investing at: https://get.modernadvisor.ca/braun-financial/ Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

The more we spend together, together, the more we spend together,  the happier we will be! This week we conclude our two part look into combining your finances along with all of the pro’s and con’s involved. Find out what your common law status is, how to work towards a common goal, sharing economic benefits and some tax and investment advantages to help you get your relationship agreement renewed at the end of the year. If you live in British Columbia, Alberta, Saskatchewan, Manitoba or Ontario let us help you take care of the people you love and visit braunfinancial.com  DIY Investing at: https://get.modernadvisor.ca/braun-financial/ Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada