Edrick G. Tercero - Financial Wellness

02/25/2025

What would it be like to be able to take back your time, be paid what you’re worth, instead of the job paying the title?

What if you could take your business wherever you went, the freedom to travel, to be a present parent, a present spouse?

7 years ago we took a chance on ourselves. 7 years ago, we bought our lives back. No longer will someone dictate our time, our pay, and our worth.

We’d love to help show how you, or anyone can do the same.

Send us a DM!

Lets connect !!

03/29/2023

The 2023 federal budget is here. Read our key takeaways and summary to find out the budget highlights and how it might impact financial plans:

2023 Federal budget By IG Wealth Management • March 2023 • Market update On Tuesday March 28, 2023, Deputy Prime Minister and Minister of Finance Chrystia Freeland presented the 2023 federal budget, which contains several measures of interest to IG Wealth Management and its clients. This summary...

03/23/2023

Lots going on in our markets, stay informed. Join us

03/11/2022

Do you own a small business, want to look into starting a business?
-
• Are you leveraging all the tools available to you?
• Are you open to learning more?
• Want to know how to leverage before tax dollars and in your benefit?
• Pay less to the CRA / IRS!
Small businesses are a crucial part of Canada’s, and the US economy. Learn more on what opportunities are out there for you.
Pm if you’d like more details.

03/03/2022

❗️REFLECTING TIME❗️

Most individuals want what they want.. Now, that can be controversial.. what is more true is most won’t sacrifice their time to earn their ideal future.

Many will sacrifice their future for the time they want to enjoy today.

Interesting isn’t it?

It’s easy to live a life that looks wealthy. But wealth… wealth is actually living much more within our means or below it... this in fact is much more difficult and frankly takes a lot of discipline. Living only within your means, living frugal, living to be prepared, should be an empowering conversation… Unfortunately most detest the very idea… not all, but most. Why is that?!?..

Now we’re gonna get extremely direct here, let’s talk about the truth. Bloombergs post says according to a CIBC poll ran, 32% of Canadians between 45 and 64 don’t have anything saved for retirement. More so, 53% of Canadians polled again by CIBC say they don’t know if they’re even saving enough. Staggering numbers.. This resulting in most being unable to retire by the age of 65. 22% pre retirees saying they will need to work into their 70’s, if not longer.

Another study done now by CBC 2022 ditermines that the average Canadian spends $1.83 for every dollar earned - Driving factors —-> Most need to drive the car they shouldn’t have purchased, make themselves “afford it”, many on bad credit. Reality is, its a want to appear to others or themselves a specific way.. to fill a void in the way most want or need to feel… How about the house they’re in, or want? Most are opposed to down sizing and frown upon the idea of managing less space … how about the gadgets most have or purchase…? Most things are not necessities but we live this social life that society says we need to work only to spend. Even in the midst of a financial crises.

Now I’m not saying you need to give up all things and change everything, trying not to be extreme up there. But can we change somethings, broaden our perspectives, and realize that we’re all heading towards the same goals? Financial Security.

Mindset is everything, become a planner instead of having a purchasers mindset... What if you spent more time planning to actually be able to AFFORD your future, set the things and life you want as goals, and eventually be able to have WHAT - EVER - YOU - WANTED. It doesn’t take an abundance of money to achieve it, it’s called Planning.

Most don’t think that it’s possible to reach their ideal destination, most quit on themselves before exploring their options… becoming consumed by doubt and dept… refusing to believe there are options..

The most successful individuals, are the ones that seek advice, and see “help” as a sign of strength, not weakness
_
“Those who fail to plan, plan to fail!”

You need to adopt and remember that your early years, are your earning years.

Conclusion
- 📈The ones who live with within their means today, adopt a plan, save strategically, seek advice, and ask for help will end up having the most in the end.. This doesn’t mean living a boring lifestyle. But being strategic in all facets

- 📉The ones that live lavish and with more today, NOT within their means, end up having much less face extreme financial struggles ending up depleting their resources much before setting anything in place. Living a lavish lifestyle early may be great while it lasts, but that most often comes to a tragic end.

(If you’re capable, do so, if you’re not… you know the rest)

So really ask yourself, Where do you stand? What’s your plan? More importantly do you have one?

02/25/2022

Ever feel you’re not making enough money with your investment accounts or leveraging the right opportunities? Do you know how your money is supposed to work? Are you using the right tools? Feeling misinformed?

The rule of 72 is one of a coupe methods for estimating an investment's doubling time. The rule number (e.g., 72) is divided by the interest percentage per period (usually years) to obtain the approximate number of periods required for doubling.

* For example, an Investment account at a bank getting a 1% ROR (rate of return).. This will take that money 72 years to double.

* A Credit Cards interest with a present rate of 18% will take 4 years for the interest to double. But who’s on the winning side of this? Does the bank or credit company actually make anything on this?

* Lets say you invested 10,000 and getting a rate on your money at 2%, this will take your money 36 years to actually double. To use an example, if you had invested the 10,000 at the age of 29, you’d be 65 years old before your money reached 20,000 on its own efforts. The baffling question is… Is the bank making the same returns at 2%, or are they earning more on “my money”?

The bank with your same 10,000 dollars will be investing it with what would be PMM’s (Professional Money Managers) example: while you got 2%, they may very well be getting 12% on the same money you put to invest (72 / 12 = 6 - money is double every 6 years), so over the same 36 years, while you assumed 10,000 by 65, they manage to turn that same 10,000, into 640,000.

Now tell me, can you afford not to know where your money should be going, and how to have it work harder for you!?

Learn how you can make a better rate of return with your efforts!!

Ask me what tools I use to make a difference for myself and others I advise.

02/25/2022

❗️SHORT TERM PAIN - LONG TERM GAIN.❗️

📈 Have you heard - The concept of a Penny doubled every day? This is one that is simple to understand, but why is it one thing most won’t practice?

📚 Are you leveraging the right opportunities to secure your future? Are you starting with at least something?

🆘 Most North Americans are sacrificing and willing to gamble their future, for what they want today. Think about that for a moment… In Canada did you know the average Canadian spends $1.75 for every dollar they earn. Why is that? What are you spending habits like? More importantly, what are your Saving Habits like?

⚠️ Discipline your self to plan for tomorrow, and don’t be giving up your future needs for what you “want” today. What you need, is to build your tomorrow.

💢 You may not think about it every day, but most of us convince our selves and others that we have time on our side… when in reality, we are always continuously in fact running out of time. Time does not care what you want today, and time won’t wait for you to figure out what you need for your future. Time does not stop for anything or anyone.

💡Ask yourself… What habits am I changing or starting, that are entirely benefiting myself, my family, and my future.

✅ It’s not a matter of being difficult, but rather a matter of making the decision to quit making excuses. All it takes… is starting.

⏳ It’s time to get honest with yourself.

03/23/2021

Wednesday evening (tomorrow night) I have a guest speaker talking about corporate tax strategies. He is an intelligent CPA with decades of experience in helping business owners create a tax free retirement, and move money to the next generation tax free.

I personally use these strategies to restructure our company’s investment strategy.

If you know a business owner or self employed friend who could benefit from the knowledge, send me a message and I’ll pass along registration details.

11/02/2020

Ever feel you’re not making enough money with your investment accounts or leveraging the right opportunities? Do you know how your money is supposed to work? Are you using the right tools? Feeling misinformed?

Meet the Rule of 72! This rule shows you a simple method on how money can double in savings, retirement or in debt.

The rule of 72 is one of a coupe methods for estimating an investment's doubling time. The rule number (e.g., 72) is divided by the interest percentage per period (usually years) to obtain the approximate number of periods required for doubling.

* For example, an Investment account at a bank getting a 1% ROR (rate of return).. This will take that money 72 years to double.

* A Credit Cards interest with a present rate of 18% will take 4 years for the interest to double. But who’s on the winning side of this? Does the bank or credit company actually make anything on this?

* Lets say you invested 10,000 and getting a rate on your money at 2%, this will take your money 36 years to actually double. To use an example, if you had invested the 10,000 at the age of 29, you’d be 65 years old before your money reached 20,000 on its own efforts. The baffling question is… Is the bank making the same returns at 2%, or are they earning more on “my money”?

The bank with your same 10,000 dollars will be investing it with what would be PMM’s (Professional Money Managers) example: while you got 2%, they may very well be getting 12% on the same money you put to invest (72 / 12 = 6 - money is double every 6 years), so over the same 36 years, while you assumed 10,000 by 65, they manage to turn that same 10,000, into 640,000.

Now tell me, can you afford not to know where your money should be going, and how to have it work harder for you!?

Learn how you can make a better rate of return with your efforts!!

Ask me what tools I use to make a difference for myself and others I advise.

10/21/2020

Choose your “Hard”

It’s not what’s thrown at you that brings you down, it’s how you choose to react to everything you face. Face reality, we live in a world where choices dictate both the outcome and the results. Now whether those outcomes or results are good or bad, is up to you.... Either choice you decide to make can be hard to do or deal with. The beauty of choice tho, is exactly what it means.. Which way will you decide to accept?