Simple Plan PP

01/17/2025

Start 2025 KNOWING how much you'll need to retire, and when!

07/08/2023

04/09/2023

01/27/2023

Many have financial goals for 2023, but have you mapped out a plan to get there?

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01/26/2023

You insure your car, your house, but what about your greatest asset - you! Your ability to earn income and provide for your family is the most valuable asset you have. Protect your family from the unexpected. Find out how much coverage you need to protect your family today.

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01/26/2023

Feeling a little over-spent?
Follow these 5 tips to start 2023 off with your financial goals in mind🧠💵

09/08/2022

Thoughts on the ongoing interest rate increases, from the perspective of doing the best with our finances...
Some are finding it difficult to manage the rate increases because they have variable-rate mortgages, others because their fixed-rate mortgage is renewing now.
We subscribe to the 'behavioral' approach to personal finance. To put it practically, we plan to control what we can control, and manage what we can't. Dave Ramsey and others advocate for this approach. Ramsey didn't invent it, but it is a system that works well.
We can't control what's going to happen with interest rates, but we can manage our behaviors. The simplest way to manage is to stay out of debt, and where debt is necessary, ensure that we can manage the payments, even if they change. That's why Rasmey (and others) advocate for 25%, or 30%, overall housing costs. We can control this.
Another area of control is to have fixed rates of interest that we know fit our budget. While we may pay a bit of extra interest when compared with variable rates (over long periods of time), we ensure that we can maintain our financial lifestyle, and we sleep easy.
While it's true that, on average, we would pay less interest on a mortgage with variable rates, when rates move (beyond our control), things can get uneasy. Of course this isn't a perfect solution, because we only have shorter-term mortgages in Canada (typically up to 5 years). In the US, they have much longer-term mortgages.
If you're in a difficult position right now due to interest rate increases, there are options, but you'll need to make (or revise) your plan.
It's important (and comforting!) to remember that it doesn't matter why this is happening, upsetting as it is, because we can't control the why. But we CAN manage our own plans and behaviors, difficult as it may be in the moment. The good news is that what we can change, we can manage, even if we don't love the options.
PS. Been there, done that, it's not easy, but it's simple.

08/09/2022

🚨Free Workshop Alert!
📢Free Contest Alert!

We've been working hard to bring you
The 7 Steps to Retirement Workshop!

What does a true retirement plan look like? Most Canadians have no plan, and those that do usually have only one or two steps covered of the 7-Step Retirement Plan that assures your future and legacy. That's why we created the 7 Steps to Retirement Workshop.

We want to encourage families to take the steps to have peace of mind about their financial futures, so we're running a contest.
Sign up for this FREE workshop and be entered in a draw to win a book of your choice! From powerful business bestsellers to moving biographies and inspiring personal growth manifestos--make the most of your summer reading time to expand your horizons.

Sign up for the free workshop here: https://go.getthesimpleplan.com/7StepsWorkshopLogin

Contest details in comments below👇

08/03/2022

One of the concerns we hear from potential clients is that they never hear from their financial advisors.

At The Simple Plan, we stay in touch with all of our clients. Yearly reviews to ensure we are giving you the best plan for your current lifestyle, a monthly newsletter to keep you up to date, and a calendar that is always open should you have questions or need assistance.

Visit our website www.getthesimpleplan.com

Or Book your free consultation now
https://go.getthesimpleplan.com/calendar-new