Jeffrey Tsang, Toronto Financial Advisor for Millennials

04/18/2022

By the time your baby is 18, you will have spent close to a quarter-million dollars on your little bundle of joy. But, expensive as they are to raise, few things are as life-affirming and provide as much genuine satisfaction as watching your child grow up.

Prioritizing personal finance as soon as you start contemplating adding to your family or as soon as you find out you’re expecting helps you establish good habits and make the most of your money.

Here are 7 personal finance tips, in roughly chronological order, to help ensure your baby’s bright future.

Link to the full post in the comment box.

04/12/2022

💡One of the easiest ways to get out of debt is to be disciplined with your debt payments.

There are multiple strategies when it comes to eliminating debt. One of the simplest yet most effective ones is called Debt Stacking.

Let's do a deep dive and see how this strategy works in real life, shall we?

Debt stacking is one of the simplest yet most effective ways to eliminate debt. If you have multiple debts then this strategy is for you.

04/06/2022

FIN is one of the most important numbers in your financial journey💡.
Without a target, you are just guessing.

Do you know your Financial Independence Number and how to reach there❓

Link to the full post in the comment section.

03/31/2022

👋 Got questions or problems? Click here to have an asynchronous video conversation with me.

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03/23/2022

🚨FREE webinar alert!

🤔How to create a working budget that can help you control your spending and work towards your financial goals?

Join us at our FREE financial tune-up webinar TONIGHT to find out how to set up a working budget!

Link in the comment section.

03/16/2022

Some level of inflation — around 2% — is normal. It is a sign that the economy is healthy.

However, for your long-term financial goals such as retirement, it poses as a big threat!

You might be surprised how much inflation can nibble away at your retirement nest egg over time if you aren’t prepared.

Let's take a look at what inflation is, shall we?

02/15/2022

Are you an employee that would like a bigger tax savings? Are you a first-time home buyer looking to buy a place? Have you thought about going back to school?

Have you been using your to it's full potential? How can RRSP help you reach your goals and dreams?

Find out all the answers you need at our free RRSP webinar this Wednesday night.

Remember, March 1, 2022 is the last day to make RRSP contributions for the 2021 tax year!

Message me for Zoom information.

02/08/2022

How did Kamaru Usman, number 1 pound-for-pound UFC fighter spend his first $1M?

I love that he takes a balanced, rational, and level-headed approach, not frugal and not lavish.

Taking care of his people and quickly learning from bad investments seems to be a solid financial strategy for the champ 🏆.

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Kamaru Usman's first hustle was selling Pokémon cards. Now he's headlining UFC fights. From $20K on a Rolex to $500K on his house, find out how Kamaru Usman ...

02/03/2022

Are you an employee that has been working from home due to the pandemic? Do you know that you can claim up to $500 of home expenses under the $2/day flat rate method?
"CRA indicated that people who worked more than 50% of the time from home in 2021 for a period of at least four consecutive weeks due to the Covid-19 pandemic can claim $2 for each day worked from home during that period. They could then also claim $2 for each additional day worked at home in the year due to the pandemic."

Employees who worked from home due to the pandemic in 2021 can claim up to $500 in expenses under $2/day flat rate method

01/20/2022

"Buy now, pay later'' seems like a convenient payment method at first, but if you don't factor the recurring payments into your budget, it can get messy.

An unpaid buy now, pay later balance could get sent to collections and potentially hurt your credit history. Late fees may also apply, depending on the company. And you could be barred from using the service temporarily or permanently.

Be proactive and take action early to avoid these consequences. Explore different options that can free up money to keep your finances on track.

"Buy now, pay later'' can be a convenient payment method. But if you don't factor the recurring payments into your budget, it can get messy.