10 Tips For Managing Your Finances and Paying Down Debt
I have a few tips for increasing your cash flow, managing your spending, and making larger debt repayments.
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Brett Roessel
- Jul 31, 2022
Acronym Monday: DTI
Debt to Income. This is the percentage of your gross monthly income that goes to paying your monthly debt payments.
Brett Roessel
- Jul 25, 2022
Acronym Monday: GRC
Guaranteed Replacement Cost. This coverage permits you to rebuild or replace your property, even if the damage exceeds your policy's limits.
Brett Roessel
- Jul 12, 2022
Acronym Monday: INS
Insurance policies are used to hedge against the risk of financial losses, such as damage to your property or personal injuries.
Brett Roessel
- Jun 28, 2022
Acronym Monday: GC
The general contractor is responsible for the overall coordination of a construction project.
Brett Roessel
- Jun 21, 2022
Acronym Monday: EER
Energy Efficiency Rating. This a measure of how well the systems and/or devices in your home use energy.
Brett Roessel
- Jun 6, 2022
Acronym Monday: ETO
Equity Take Out. This is a way to leverage the equity you’ve built in your own home, to pay for things such as renovations.
Brett Roessel
- May 16, 2022
Managing Your Big Asset With Rising Interest Rates
I have a few strategies to help you manage your mortgage with rising interest rates AND build equity in your home.
Brett Roessel
- Mar 29, 2022
Acronym Monday: KYC
Know Your Client. A set of standards required by financial professionals to verify the identity, suitability, and risks involved of clients.
Brett Roessel
- Mar 15, 2022
Acronym Monday: LTV
Loan To Value. The percentage of a loan a lender will cover against the appraised value of the property you want to buy.
Brett Roessel
- Mar 2, 2022
Acronym Monday: CPP
Canadian Pension Plan. This is a retirement pension that replaces part of your income when you retire.
Brett Roessel
- Feb 16, 2022
Make Your Big Asset Work For You—Refinancing
Your home is one of the most powerful assets you can own. Refinancing is just one way you can make your asset work for you.
Brett Roessel
- Feb 9, 2022
Acronym Monday: NI
Net Income. This is the money you actually get from your paycheque or income each month after payroll deductions, benefits, and taxes.
Brett Roessel
- Jan 11, 2022
Acronym Monday: REFI
Refinance is the restructuring of your current mortgage to take secure better interest rates, terms, or increase cash flow.
Brett Roessel
- Dec 14, 2021
Acronym Monday: IRP
Insured Retirement Plan. This is a way to leverage a permanent life insurance policy to grow your money, potentially tax-free.
Brett Roessel
- Nov 30, 2021
Acronym Monday: FTHB
This is an individual who purchases a principal residence for the very first time.
Brett Roessel
- Nov 16, 2021
Acronym Monday: MER
This is the fee investors pay to have professional money managers take care of their mutual funds and ETFs.
Brett Roessel
- Nov 1, 2021
Acronym Monday: FCAC
Financial Consumer Agency of Canada. This is an agency that's set up to protect you, the consumer operating under two primary mandates.
Brett Roessel
- Oct 25, 2021
Acronym Monday: CF
Cash Flow. This is simply, the movement of money in and out of your accounts. Master your cash flow, and win the budget game!
Brett Roessel
- Oct 11, 2021
Acronym Monday: LIRA
Locked-in Retirement Account. Unlike a regular RRSP, the amounts in a LIRA are locked-in and can only be used for retirement income.
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