LOPES&Partners Wealth Strategies

12/07/2021

A complete financial plan include risk management, financial education, retirement, and estate planning.
With out a proper financial plan in life is like leaving home for a road trip without a map.

At Lopes&Partners Wealth Strategies whatever your life’s goals, our financial professionals can help design a plan tailored to your specific needs and connect with services across Canada.

11/13/2019

Have you stopped to think, why we aren't still using our good old phone from back in the day?

It had all the essentials: You could make calls, receive calls, text and pass time at work playing snake.

Ah....I see! Our new phones come packed with new useful features. Makes sense right?

Wouldn't it be nice if traditional life insurance also worked like that?...if it could enable you with more features?
...Well nowadays it does!

What if it was possible to save money for a rainy day, prepare for unexpected illness, invest for retirement, plan your estate, ...and of course provide for loved ones when you're no longer here.

07/11/2019

DO YOU TUNE OUT🙈🙉🙊 when the news mentions interest rate increases or changes by the Bank of Canada?🙄 You’re not ALONE.😮

Average Canadians find it hard to see why Bank of Canada interest rate announcements matter to them🤔. This has a lot to do with the fact that most people have no idea what the Bank of Canada is and its role in the Canadian economy.🤔

HOWEVER, interest rate announcements affect each of us in many ways, so here is a simple explanation of what you need to know. 👨‍💼

WHAT IS THE ROLE OF THE BANK OF CANADA?🤔

The role of the Bank of Canada is to take measures to protect the Canadian economy. 🙂
What affects and governs economic factors is extremely complex, and there’s no perfect formula to get it right for EVERYONE.😥

For instance, when MORTGAGE🏫 rates are really low🔽, this helps younger people buy a first home.🏘💁‍♀️
HOWEVER, it also means that savings accounts pay less interest.😱
====》》WHAT DOES THIS MEAN《《===

Well....🕔someone within the 10-15 year window BEFORE RETIREMENT👷‍♂️🚧👷‍♀️, or a senior living off their SAVINGS🧓👴, low interest rates mean they have 🔽LESS money to spend on what they need and want.😱

Protect Yourself NO MATTER what Interest Rate Announcement🗣 the Bank of🧐🎩 Canada Makes.🙂🙂🙂

The official announcements are made approximately every 6 weeks and the key interest rate can go up, down, or stay the same; we never know for sure ahead of time what will happen. All of this uncertainty means that the best way to protect ourselves is planning ahead. Here's how a sound personal financial plan looks like.

1.PROPER PROTECTION
Protection is the outmost important aspect of personal finance. Since human beings don't come equipped with their personal crystal ball, we must always expect the unexpected. Therefore, YOUR ability to generate income must be protected , either for you or your loved ones

2.SAVE FOR A RAINY DAY
Let's face it rainy days 🌧cost money!💸💸💸 Your car breaks down, dishwasher stops working, you get a pink slip at work....

🤔But did you know that SUNNY DAYS 🌞 also COST money?
👪family vacation, kids going to summer camp👦🧒 etc...

That is why a PROPER emergency fund is a beautiful thing, it will enable you to ENJOY life😊 without dipping into that line of credit.

These are just some of the ways you can protect yourself financially, regardless of any interest rate changes the central bank makes.🙂

Chance of cut just went up