UPotential

As North Americans, we often find ourselves misguided in our relentless chase for wealth. Consider this: money, in essence, isn't scarce. With the willingness and physical capability to work, one can earn it. What truly remains scarce is time—specifically, time spent meaningfully.

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Living in Flow As North Americans, we often find ourselves misguided in our relentless chase for wealth. Consider this: money, in essence, isn't scarce. With the willingnes...

It’s easy to get lost in the weeds when you’re trying to find balance in your financial endeavours. Having the right advice from the right people can help keep you on the right path towards financial wellness.

With guidance from a wealth advisor, you can rest easy knowing that your financial plans are in the right hands.

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The Value of Advice: Finding the Active-Passive Balance – UPotential For the most important aspects of your life, there is typically a half a dozen things that matter. Keeping healthy means daily exercise, eating well, a good night sleep, finding me time, positive personal relationships, and moderated drinking. Investing and accumulating wealth is no different, there...

Recognizing the importance of rewarding yourself for hard work is crucial for motivation, self-esteem, and maintain a savings discipline.

Achieving a balance between your needs and wants involves creating an annual budget that includes savings and based on solely on predictable income. This frees up bonuses for lifestyle enhancements that neither threaten your normal standard of living, nor your financial stability; even in challenging economic conditions.

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There’s a Case for Blowing Your Bonus This Year – UPotential

As 2024 unfolds, what does the economic landscape have in store for us? Will there be reductions in interest rates?

In this week's blog, we share our insights on the factors that could shape interest rates this year: https://bit.ly/3U4j8zK

Can we finally expect interest rate cuts? – UPotential Unless you believe fervently in Dr Who or Marvel character Loki’s time travel, you’ll know no one can really predict the future. But rewind to the end of 2022 and analysts were forecasting recessions, hard landings, and interest rate cuts. They never happened. Instead, here we are, the TSX is up...

Still think that "money can't buy happiness”? That’s certainly what we’ve always been taught. Yet, it's worth noting that many of our parents may not have had the privilege of accessing the research that we now have and that we integrate into our financial strategies.

Let's delve into the relationship between happiness and wealth.

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Wealth Options Still think that "money can't buy happiness”? That’s certainly what we’ve always been taught. Yet, it's worth noting that many of our parents may not have ...

In our latest video, we discussed why feeling wealthy goes beyond just numbers on a statement. It's about more than your bank balance – it's a state of mind.

In a recent Behavioural Finance report by TD, it stated, “According to a 2019 survey, only 13% of millionaires consider themselves wealthy (Ameriprise Financial, 2019). When one considers that in the same year, having $936,430 USD (~1,242,000 CAD2) would put that individual in the global 1%, the thought of a millionaire not feeling rich seems even more surprising because objectively, they are (Global Wealth Databook 2019. Credit Suisse).”

If you missed the latest video "What Makes You Rich Right Now", watch here: https://bit.ly/3tkxMbb

What Makes You Rich Right Now If we’ve interacted recently, you may have noticed that I am increasingly trying to help clients envision their most fulfilling life and create financial str...

If we’ve interacted recently, you may have noticed that I am increasingly trying to help clients envision their most fulfilling life and create financial strategies to support it. This shift in perspective truly challenges conventional norms of the financial industry and reframes your thinking from, “I’ll be happy when I’m rich” to “If I can afford to live in a way that I define as living richly, I’ll be happy."

Let's dive deeper into understanding how you define and measure your own happiness and wealth journey.

Want to learn more? Get in touch: https://bit.ly/4ai9JtX

What Makes You Rich Right Now If we’ve interacted recently, you may have noticed that I am increasingly trying to help clients envision their most fulfilling life and create financial str...

"Encore Careers" or "Second Acts" are a great path to keep busy, remain social and do something to feed your soul while slowing down the bleed on your bank account. In my experience, many clients actually look forward to the idea of "Rebooting" rather than "Retiring" once they have digested the reason for leaving their primary occupation.
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Involuntarily Retired Clients May Need a Second Act – UPotential This week’s article broaches a subject that seems delicate to the author. The idea is the Encore Career. In my experience, many clients actually look forward to the idea of “Rebooting” rather than “Retiring” once they have digested the reason for leaving their primary occupation. We have w...

Philanthropy and the Upcoming Changes to Donations of Appreciated Securities Philanthropy goes beyond big donations and includes various forms such as time, effort, money, or assets. Starting January 1, 2024, the tax treatment for don...

Philanthropy goes beyond big donations. It can include various forms of charity such as time, effort, money, or assets. Starting January 1, 2024, the tax treatment for donations of appreciated securities will become less favourable.

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Philanthropy and the Upcoming Changes to Donations of Appreciated Securities Philanthropy goes beyond big donations and includes various forms such as time, effort, money, or assets. Starting January 1, 2024, the tax treatment for don...

Interest rate announcements significantly affect Canadian borrowers and lenders. Younger individuals with mortgages or business loans, and older individuals with substantial fixed-income portfolios, are directly impacted. Despite a spike in interest rates, the intended impact of reducing consumer spending and slowing the economy have not yet materialized - at least not yet...
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Is this the turning point for interest rates? – UPotential Interest rate announcements impact every Canadian borrower and every Canadian lender. Borrowers tend to be younger (i.e those with mortgages for homes or loans for businesses) and lenders tend to be older (i.e. those with larger fixed-income portfolios). The spike in interest rates has not had the d...