Pavitarjeet Singh Sidhu

11/05/2020

What Is Financial Health?

• The state and stability of an individual's personal finances and financial affairs are called their financial health.
• Typical signs of strong financial health include a steady flow of income, rare changes in expenses, strong returns on investments, and a cash balance that is growing.
• To improve your financial health, you need to assess your current net worth, create a budget you can stick to, build an emergency fund, and pay down your debts.

Rules and Tips for Financial Health

• Automate your bill pay and savings—that is, set up automatic transfers to a savings account and auto-pay all your bills.
• Always look for free checking and free accounts.
• Shop around for insurance, cable or and other recurring expenses. This includes if you already have these items.
• Use a budgeting method, such as 50/30/20, which says you should be spending 50% on needs, 30% on wants and saving 20% of your income. This 20% could include debt reduction if you have high-interest debts.
• Try to limit spending on housing (rent or mortgage) to not more than 40% of your income.
• Invest early and often. That is, try to put 10-15% of your income directly into a retirement account.

10/01/2020

“People are considering their own mortality much more than they likely have before,” says Dr. Moira Somers, a psychologist and executive coach. Many Canadians are facing unprecedented anxiety about their finances, their physical health and their loved ones’ well-being. “One way of settling death anxiety is by knowing that you’ve done everything you can to tend to people you care about,” Dr. Somers says, adding that obtaining life insurance can help individuals exert that control.

09/23/2020

It’s great if you have that but do you know if that’s enough for you. Many workplace benefits are not portable. People loose jobs! They also get laid off!
Replace your income if you become disabled for short term and long term.

09/22/2020

09/13/2020

Whether you want help covering final expenses or building a legacy or business. Life insurance can protect the financial security of the people you love by giving them a tax-free payment. The amount and type of coverage you choose will depend on your circumstances and needs.

When it comes to timing, the younger you are when you buy life insurance, the better. This is because at a younger age, you'll qualify for lower premiums. And as you get older, you could develop health problems that make insurance more expensive or even disqualify you from purchasing a plan

09/12/2020

Sadly, these days GO FUND ME is replacing LIFE INSURANCE. Go fund me is not a life insurance
Life insurance usually costs less than a cup of coffee.
If someone has life insurance for their self and for their children. They won’t have to do a campaign should God Forbid something happens to them.

09/10/2020

1. Critical illness insurance is a living benefit insurance policy that pays out a tax-free lump sum if you develop a specified illness, health event, or undergo treatment while under its coverage.

2. This coverage is available for a period of time also known as term length, and you determine it when purchasing the policy.

3. The lump sum payout is also called a living benefit because it does not depend on whether you have recovered or not. Instead it is paid out while you are living, once it is established you have contracted a specified illness or gone through certain health incidents.

4. It includes more than 25 illnesses.
(Eg. Cancer, kindney failure, Heart attack, Coma)

09/08/2020

The path to financial freedom isn’t a get-rich-quick strategy. And financial freedom doesn’t mean that you’re “free” of the responsibility of handling your money well. Quite the opposite. Having complete control over your finances is the fruit of hard work, sacrifice and time. And all of that effort is worth it!

What does financial freedom look like for you? Maybe it looks something like this:

1. Freedom to choose a career you love without worrying about money

2. Freedom to take an international trip every year without it straining your budget

3. Freedom to pay cash for a new ski boat

4. Freedom to respond to the needs of others with outrageous generosity

5. Freedom to retire a whole decade early

09/08/2020

Hello everyone, a brief intro to start with. I was born and raised in Bathinda (City of Lakes), a town in Panjab, India where I completed my secondary education.

Around that time I was looking for options. I always had an interest in the business world. I along with my friends made a final decision and choose Canada because we saw it had opportunities to grow.

So, in August 2015 I landed in Vancouver. Took me a while to settle down and I started working, moving from one job to another. In the meantime, I completed my studies.

In the amazing journey of life, I met Jashandeep Brar and Jaskaran Benipal through some other means but things started to fall in place. I was astounded when our interests and future goals started growing in the same direction which triggered me to work together and we started different ventures. We recently did a couple of startups together and found huge success.

So once again, along with Jashan and Jaskaran, I’m starting a new ride in the financial industry. We all aim to build a trusted brand with one of the best Financial Advisors in town. I would expect all my loved ones to support me in this new journey of mine.