Asset Management
Investing and increasing your wealth has many vehicles and products to choose from. However, depending on what you’re trying to achieve, the products offered for asset accumulation can feel overwhelming. Goal setting and in-depth education about the investment product and different scenarios can help with your decision making process.
Some people need money for retirement, but also want to leave part of their assets behind for family. No investment product will fit everyone the same way, and may require a few different options to achieve your goals. Insuring your investments to protect a nest egg is also paramount. However, your investment goals should also pass along as little tax as possible and protect yourself from a market downtown.
Throughout a person’s life of investing, it’s important to continuously review and implement changes as needed. Investing isn’t meant to sit unattended until retirement or when someone passes away.
Life Insurance
Insurance is so misunderstood in our world today. Many people feel the cost of insurance is beyond their budget, yet depending on your age and health, the cost is often lower than people realize. Buying daily coffee and lunch is easily $5 to $20 a day, proving more expensive than protecting their number one asset: Income.
The #1 foundation of financial planning is life insurance. It’s often cost effective with little to do until it’s needed. Life insurance also passes to your loved ones tax-free when you pass away. Forgoing life insurance could create a financial burden on your loved ones and complicate the grieving process. When life insurance is implemented properly, it allows your loved ones to focus on their loss instead of worrying about the lack of funds after your death.
We help individuals and businesses set up insurance to protect the loss of asset or income. Without proper insurance, people and businesses alike can lose their home or real estate assets.
Living Benefits
Health Benefits
Dental, prescription, physiotherapy, checkups, etc.
Critical Illness
Disability
Long Term Care
Four steps during our Give A Heck Financial Education Sessions
Goal-Setting
During the goal-setting step we gather numbers for assets (house, investments etc), liabilities (all debts), and the goal for retirement age and finances. At Give a Heck Financial, we calculate and provide a roadmap of how to tactically achieve your financial goals.
Accumulation & Distribution
We educate how money can accumulate over time in the different investment vehicles available in Canada. We also educate you on distribution, which is retirement. You’ll learn how money is affected and taxed while it is distributed as well as how long it will last for your needs.
Investment 101
This is important as it gives education on how the investment industry started and what is has become and the risk of the options out there. Highly important as people need to understand why the stock market exists and what is available to take away and diversify the risk and what their options are.
History Of North America
Understanding the History of North America, what is going on in the world, debt-wise, lack of tax-paying citizens in the future where more are taking out than putting in the markets are all significant financial learnings as they deeply affect people’s investments.
Financial Education
Spending Habits & Budgeting
Investing
Ready to get started with a complimentary 30 minute financial coaching call?
If you are new to financial coaching, some of the things we may discuss are goal setting, budgeting, debt management, life insurance and of course retirement savings and so much more.
You can also contact us by sending us an email at info@giveaheck.com We will respond within 24 hours.