http://www.sustratestrategies.com/

Sustrate Strategies, Duffield, AB (2026)

02/22/2022

RRSP deadline for the 2021 tax season is March 1st. This means that if you have a large tax bill and would like to lower that tax bill or eliminate it you can deposit money into an RRSP.
Now, it’s generally a 1:3 ratio so for example if you owe $1k in taxes in order to eliminate that tax bill you’d have to deposit around $3k into an RRSP. The plus side of this is you are keeping more of your money in your pocket. The downside of this is RRSP’s are 100% taxable on the gains upon withdrawal meaning it’s the highest tax vehicle for investments and you’ll pay the most tax out of this category and it increases your income in retirement which may put you into a larger tax bracket and may lower or eliminate your OAS pension if you are receiving it.
These decisions should be weighed upon and having an advisor and accountant look at your financial situation to help you make this decision is a good idea.
If you’d like a second opinion or know that you would like to deposit some money into an RRSP I’d be happy to help. You can message me here or contact me on my website at www.sustratestrategies.com.

02/17/2022

I have to share this story with you! I’ve had this client invest with me for a period of 12 years now. She’s given me multiple lump sums over those years and we’ve put them in a variety of investments including TFSA, RRSP and Non Registered Accounts. Based on her risk tolerance she’s in a conservative/balanced portfolio. Over those 12 years she’s made $44k just in interest!!! Now that’s not going to be everyone’s story but I wanted to share with you that even in ups and downs in the markets you can still make good money. In fact, when markets are low it’s a great time to buy so you can profit on that upswing and having fund managers and financial analysts on your side looking after your money is key during these periods. If you’re looking to invest I’d be happy to help. You can message me here or contact me on my website at www.sustratestrategies.com

02/10/2022

Most people have a TFSA however most people have that account at the bank getting little to no interest on their money. That is not how a TFSA is supposed to be used. That is how a savings account at the bank should be used. A TFSA is meant to be invested and it’s one of the best savings vehicles due to tax free growth and no tax upon withdrawal! The only other place you can get that is building up cash in a whole life insurance policy and then borrowing against it but that’s another story for another time. Most people are using their TFSA wrong and completely missing out on all the benefits it has to offer. If you’d like to open up a TFSA and use it to its full potential I’d be happy to help! You can DM me here or contact me on my website at www.sustratestrategies.com.

01/31/2022

Are you using your TFSA to its fullest potential? Did you know all the money you grow in their you can grow TAX FREE and access it TAX FREE?!!
Did you also know that this is one of the best retirement vehicles out there? It can give you the same rate of return as any investment; it doesn’t have to be .5% from the bank.
It also doesn’t increase your income upon withdrawal and will not affect your OAS pension if you are receiving that in retirement.
Did you know that your TFSA has an accumulative amount of room and if you have never used your TFSA room as of yet then you have $81,500 worth of deposit room! Tax free room!
It’s incredibly easy to set one up and start saving. Even $100 a month can make a huge difference in your retirement. If you’d like to open one up and start saving I’d be happy to help. You can DM me or contact me on my website at www.sustratestrategies.com.

01/28/2022

Two of my clients lost their husbands this year shortly before Christmas....
Both instances were fairly sudden and unexpected.
I am one of the first calls they make after all the other important calls have been made. “We have a life insurance policy with you....(pause...breathe) how do we go about collecting that?”
My heart breaks for my clients when they lose the most important person in their life. I know how hard this is. I watched my mom go through this in 2013. It was horrible.
Both of these life insurance claims have paid out to these women. I’m happy I could be there for them in that way; to offer a little bit of comfort and relief that not all the bills, debt and estate costs will be on their shoulders alone. That perhaps they have enough money from the life insurance that they can rest if they need to and not worry about going back to work right away. Whatever it looks like for them, I’m just happy I was able to help.
This is why I do what I do. Knowing that this made a difference in someone’s life is what keeps me at it.
If you don’t have life insurance yet and are thinking about getting some I’d be happy to help. You can DM me or contact me on my website at www.sustratestrategies.com to set up a phone consultation.
Take care, everyone and have a good weekend!

01/17/2022

How much money are you bleeding out? By bleeding out I mean paying interest on high interest rate debt like credit cards and non secured loans as an example. We all know that by just making those payments we can afford to have the things we need such as a new vehicle for example. Perhaps it’s a hot tub or a toy. Do you know how much money you’re spending extra on that due to the accumulated interest? That’s money that could be going to your savings or to some other area of your life. So I’m going to teach you a little trick on how to pay that off faster. It’s called the snowball effect. You look at your total debts and you’re going to pay off the smallest one first. So put minimum payments on all the other debts and start putting some extra money into the smallest one. Once that is paid off take the payment you used to pay off that one and put it onto the next smallest debt. Keep doing that until it’s all paid off. Then put all those payments into something like your TFSA and watch your wealth build! Sometimes we have no choice but to bleed a bit of money in order to get the things we need but we do have a choice about how much bleeding happens. It’s up to you to choose the lifestyle you want. Make 2022 the year you take back control of your money the best you can.

01/16/2022

Ok real talk. Let’s say you are 35 and you want to save $100 a month until retirement at age 65. Every year you increase your savings by 3% to adjust for inflation. Let’s say you get a conservative 5% annual return after your MER fees. At the age of 65 you will have accumulated $116,488. Now if you wait 10 years and start saving at 45 that same $100 a month at the age of 65 you will have accumulated $52,086!! This is the cost of waiting. You lose time value of money and compound interest. So at 45 you need to save $2700 a year to get the same result. Now, is that enough money to retire on? Yes, you will get CPP and perhaps a pension from work but what does that look like monthly and can you live on it until you are in your 80’s, 90’s or if you live into your 100’s. Life gets expensive as we age with home care, assisted living, homes, medication, transportation if you can no longer drive, etc. Not including the amazing retirement you want to have up until then. So, the point is start saving. Cash is King. The more cash you have the better the investments you can make and the better the rate of return works for your money. The other thing to note is what kind of investment vehicle are we putting this into? One that you have to pay 100% tax on, 50% tax on it 0%? All of these options are available to you. Are you investing in the right one? If you’d like to chat about your retirement savings plan I’d be happy to help! You can message me here or contact me on my website at www.sustratestrategies.com. I look forward to making a difference in your life.

01/03/2022

The start of a New Year! I have to admit I’m a little apprehensive about what 2022 is going to bring but I’m also an optimist so I’m going to tell myself it’s going to be amazing! How do you feel about 2022? One thing I’ve already done to feel great about the start of this new year is I worked on updating my will last night to include my name change to my married name, to include new insurance policies and update my Executor, Power of Attorney, Personal Directive and to add my new niece in as well to get some family heirlooms. It feels good to not procrastinate in the New Year and to just get things done and out of the way. I’ve decided just doing it is better than letting it weigh on my shoulders until I find time. I’m just going to make time. If you’d like to start doing some insurance and financial planning or would like a referral to someone to help you get your will done I’m happy to help. You can message me here or contact me on my website at www.sustratestrategies.com. Take care and chat soon!

12/31/2021

2021, I gave you everything I had. It was a year full of hard work; the hardest I’ve ever worked actually in my entire life. It was full of love too, adventure, friends and lots of loss.
My niece turned 1! She’s the cutest little thing and I absolutely adore her. I made sure I attended her celebration.
We made time for as many adventures as we could fit. We went quadding, camping, house boating which is my favourite and mountain sledding.
The days were long with Covid and we had an extremely hot summer. So there were lots of suppers on the deck until the wasps showed up. They were bad this year with the heat!
We also had loss. We lost my momma cat and our two very, very beloved horses. We also lost a long time friend to cancer.
We worked hard around the acreage checking off the never ending list of things to do but I love that kind of work. It’s good for the soul and the mind.
It’s been a year and now I’m resting and reflecting.
What I’ve learned this year:
Always grow and always learn.
Pick yourself up when you fall and continue on. Take the really big projects one step at a time.
Take breaks and check in with yourself.
Make time for your family, friends and pets. Tomorrow is never promised.
Lift each other up. This world needs less jealousy and more encouragement and congratulations of your friends and peers.
Keep the friends that are honest and loyal and discard the ones who keep secrets and talk behind your back. If you chose to keep them in your life, keep them at a distance.
Be grateful.
Choose joy. Choose love.
Celebrate life. Love nature.
Say yes to adventure. Save money for a rainy day and pay off debt.
I hope 2022 is an amazing year for all of us and I hope all of your businesses are successful. Cheers!

12/24/2021

This is what the next few days will be about. 🥰 can’t wait for the kids to get here 💕 board games, fondue, Christmas movies, presents and maybe take the sleds out for a rip. It’s going to be a great Christmas! From my family to yours, Merry Christmas everyone. I hope you feel loved, important, valued and I hope you get to spend this Holiday with loved ones and that your belly’s are full of good food and drink. Love you all.

11/16/2021

I love watching the birds out my kitchen window. I have a lot of Bluejay’s and Chickadee’s that come to this feeder. My Opa, in his retirement would bird watch in his garage...maybe that’s where I get it from. I’d sit out there with him when I was young and watch with him. What would you like to do in your retirement? Speaking of that! I checked on one of my clients portfolios yesterday and it did 34% last year! 🙌 That’s pretty incredible! It’s also in his TFSA so all that growth is tax free! It’s one of the best savings vehicles other than insurance that we can access. Now, not every year will be 34% and there’s usually 2-3 negative years in every 10 years BUT it’s still better than what the bank is offering you! If you’d like your money to work harder for you; whether it’s in a TFSA, RRSP or a Non Registered Account I’d be happy to help. You can send me a DM or contact me on my website at www.sustratestrategies.com

11/11/2021

We Remember. My Opa served in the War and we were told to never ever ask him about it. So I don’t know much other than he served in the war and at one point became a prisoner. Thank God he survived and made it out of there. He went on to marry my Oma, have 5 children, 6 grandchildren and 1 great grandchild before he passed in his 70’s from a broken heart of losing my Oma to cancer. I remember and I thank those men and women for all of the terror and sacrifice they went through to give us the country we have today. We are so blessed and really naive in regards to how lucky we really are to live here. So thank you. I am grateful. I wish poppies could be blooming in our zone today because I would have planted my entire front field in them.

Sustrate Strategies

02/22/2022

02/17/2022

02/10/2022

01/31/2022

01/28/2022

01/17/2022

01/16/2022

01/03/2022

12/31/2021

12/24/2021

11/16/2021

11/11/2021

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