Free eCourse: “How To Be A Success In 21 Days…”
– Your Mind –
– Your Life –
– Your Income –
Did you know?!
That regardless of your level of education, you are a human being
and you have the capacity to learn if you so choose.
As a human being, you were born pre-equipped with all the tools
you need to create prosperity and financial well being for yourself
and your family!
These tools include intellect, emotion, instinct, ability to develop
habits (both productive and counter-productive) the ability to
communicate, the ability to make choices, and an amazing capacity (at
least equal to the next person) to become successful.
You simply need proper instruction on how to use these tools –
the tools you already possess – for YOUR personal success.
“21 Days To Your Success” is our Ecourse that is designed to
give you this instruction.
In a hurry?
Click Here to register for FREE…
What you choose to do with your very own and personal wealth-building
tools is entirely up to you!
These tools are yours and yours alone and are the most valuable
resources you have at your disposal for your success!
Now you only need to allow them to grow and develop and you will
begin by applying the techniques that are going to be shared with
you in this training program – just as the wealthy do.
Still the burning questions remain!
Why is it that some people become successful and independently
wealthy while others face a dull life and struggle just to pay
the rent and put food on the table?
What is it that they know that the other social classes do not?
With over 28 years of experience as a financial planner, I have asked
myself that very same question over and over again.
To my mind, it would only seem logical that anyone who is aware of
their ability to become successful and create wealth would aggressively
exercise that ability to acquire their own financial independence.
And then one day the answer hit me with the force of a freight train!
People were essentially looking for someone else to “guarantee” their
success in life.
It then became clear to me that most people simply have no knowledge
whatsoever of the secrets the wealthy use to create success in their
lives and by extension – their wealth.
Or the resources that they use to empower themselves!
To begin with, the one undeniable fact which I consider to be the
most important brick in the foundation of successful living and true
wealth creation is that:
“The only guarantee you will ever receive for your own success is
the “guarantee” you provide to yourself.”
In fact, I believe that:
“The best way to predict your future is to create it….”
I realize this may be disappointing and uncomfortable to hear.
However, it is fact!
If you are looking for any form of guarantee from anyone other than
yourself, you had better redirect your attention back to the person
in the mirror and seriously consider your level of commitment to your
Nobody can, will or ever should provide you with an unconditional
guarantee that you will become wealthy or that you will attain your
life’s dreams, goals and ambitions.
There is not a single person out there today who will carve for you
on tablets of stone a guarantee that you will be successful
from your efforts.
The answer is simple.
Nobody can guarantee that you will do what it takes to become
Nobody can guarantee that you will follow the instructions
provided to you for techniques which have been tried, tested and
proven through the ages by the world’s most successful individuals.
Nobody can guarantee your willingness to be coached or trained
with regard to how success in life and financial wealth is really
created – and the mindset that is necessary for the journey.
And nobody can guarantee that you will apply what you learn to your
The only guarantee you will ever receive is the commitment that you
provide to yourself:
To become successful – no matter what it takes!
The techniques for achieving success can easily be taught to you by
those who have already achieved it.
However, if success and financial independence is truly your core desire,
the commitment to make your desire a reality must come from within you.
This means that you must take action on your own behalf.
To make yourself successful – follow the advice and instruction of those
who already are. The sooner you realize and accept this as the truth, the
sooner you will be able to take control of your own financial destiny.
You must understand how successful types become that way and begin modeling
what they do.
You will become successful only by duplicating the behaviors of those
who have already created success for themselves.
So, it all begins with the information we are about to share with you
in this Ecourse – “21 Days To Your Success”.
Click Herenow to register for FREE…
Pay close attention and carefully consider how you can apply this
information to your own life and financial situation.
We cannot mentor or train anyone who refuses to recognize where he
or she might be going wrong with their current methods.
This is because they really don’t want to change the way they
are doing things.
In order to create success, you must first understand and eliminate
what is keeping you from generating the success, wealth and dreams in
your life that you desire.
We trust that you will find the information you are about to learn of
great value to you.
If success, realizing your goals and dreams and the accumulation of
financial wealth is truly your core desire, the path has been paved
for you in the lessons to come.
The decision to take immediate action is all yours to make.
If you follow closely, you too may immediately begin reaping the benefits
by creating a wonderful peace of mind and assurance as you see yourself
getting closer to your goals…
We have created the plan for you – over the next 21 days you will
find out what it is…you will be getting an email from us each and
every day – for 21 days!
Now, its all up to you to grab your goals!
So, start today…
Click Herenow to register for FREE…
Looking forward to seeing you on the “inside” of “21 Days To Your Success”.
Here’s to your success!
Mark Huber, CFP
In recent history, it seems that the mortgage rules change every couple of years.
I remember back in 2003 when I purchased my first house that the maximum mortgage amortization was 25 years.
Then, someone came up with the great idea to make housing more affordable by increasing mortgage amortization to 30 years, then to 35 years,
finally to 40 years.
Over the past few years, they started reverting back amortization bring it back down to more reasonable levels.
What exactly is CMHC?
Its mortgage insurance for clients with less than 20% down payment.
Even though the client pays the premium, it doesn’t insure the client, it insures the bank in case of client default.
CMHC basically takes the risk away from the bank for backing a high loan to value ratio mortgage.
The Mortgage Rule Changes and Implications
Reduced Amortization. Perhaps the biggest change in the mortgage rules is the reduction in maximum amortization from the previous 30 years to
What does this mean?
With the new mortgage changes mortgage payments just got a bit more expensive for new home buyers.
For example, a $200k mortgage @ 3.5% over 30 years is $895/month but over 25 years, the payments are about $1,000/month. (That could be a “deal breaker” for some…)
However, in the big picture, more of the payment will go towards the principal thus less interest paid over the term of the mortgage.
Reduced Refinancing Amount
For existing home owners looking to tap into their home equity, the maximum loan to value has been decreased from 85% to 80%.
What does this mean?
Simply that if you have a $100,000 home that is paid off but looking to obtain a home equity line of credit, you would eligible to borrow
up to $80,000 instead of $85,000. Having this rule also implicitly saves homeowners money, as before, any amount borrowed greater than
80% of equity available required a CMHC fee.
Changes to Qualifying Ratios
When applying for a mortgage, the bank will run a couple of debt ratios to see if you qualify or if the debt burden is too much.
The Gross Debt Service Ratio (GDS), which is a ratio of gross income to housing costs, now must be less than 39%.
The Total Debt Service Ratio (TDS), which is the ratio of gross income to housing costs plus other debts, much be less than 44%.
I don’t see this being an issue as these ratios were more restrictive in the past.
The first two changes will have the biggest impact on Canadian borrowers.
One thing for certain is that changes to the mortgage qualification and approval will be tougher… and most industry professionals think substantially.
No More CMHC for Million Dollar Homes
When the new rules come into effect (July 9, 2012), houses that sell for over $1,000,000 will not longer qualify for CMHC insurance.
What does this mean?
Basically that any house in that price range will require at least 20% cash as a down payment.
I can see this slowing down more expensive markets like Vancouver and Toronto.
What do I think of the changes?
Personally, I like them!
Even though it’s a bit of hand holding by the government, the fact of the matter is that most people do not understand what they can reasonably afford!
Most think that if the bank will give it to them, then it must be OK….
These changes basically bring the mortgage rules in line with what they were for many years in the past.
Now, back to you – what do you think of the new mortgage rules?
If you want to be in touch with my personal mortgage broker to discuss your situation please let me know back and I’ll forward along her
information to you…
NOTE: She interviewed me for the exclusive report I authored that I call:
“The 13 Dirty Little Secrets Your Bank Doesn’t Want YOU To Know About Your Mortgage Insurance!”
By the way, have you checked out my “how to – quick start” insurance videos yet?
If not, you can see them all at one of my sites here at:
You can also pick up my exclusive report:
“The 13 Dirty Little Secrets Your Bank Doesn’t Want YOU To Know About Your Mortgage Insurance!” while you are there…
And who says you can’t have fun with insurance?
We are showcasing some of the funniest insurance commercials we have seen yet.
Vote for your favorite at…
I don’t recommend RESPs, self-directed or not.
Well, one reason of many is that when you cash the RESPs to pay for your children’s education, it reduces their eligibility to loans and bursary programs….
Maintain your independence and keep your options open at all times….
1. Begin contributing to an insurance policy on behalf of your child…
2. Begin contributing to a non registered investment account in your name…
3. “Borrow to invest” – this strategy will give you the biggest “bang for your buck” after “the insurance policy strategy”…
“Click Here” to download a free report that I authored on RESPs and your alternatives…
We will show you why you should never have paid into an RRSP. It is was the worst investment you could have made!
YOUR RRSP And THE TAXMAN “It’s better to plan for taxes than have the government tax your plan”
What will you do with your RRSPs and RRIFs?
Are you counting on your RRSPs to supplement your pension?
Will your RRSPs help you buy a new car or motor home?
Renovate your home?
Take a cruise?
Help the kids?
Maybe you haven’t even thought about what to do with your RRSP or RRIF.
Use the following quiz to see if you’re planning for taxes or if the government will be taxing your plan.
Have your retirement years been better financially than you had planned? Y/N
Do pensions and other income cover your day to day expenses? Y/N
Are your RRSPs meant for the ‘little extras’ rather than day to day living? Y/N
If you answered yes to these questions, you could be in for a big surprise when you start withdrawing money from your RRSPs or RRIFs.
The Canada Revenue Agency is the surprise.
High income taxes, lost benefits and claw backs all await the unwary retiree.
When you withdraw money from a RRSP or RRIF, you could lose up to 50% to the Canada Revenue Agency!
In a report called “Poverty Traps” the CD Howe Institute highlights the plight of low income retirees where the combination of taxes and lost benefits will cost them as much as 75 cents of every dollar they withdraw.
You can get the FREE report by Clicking Here
Now tell us if that isn’t the least bit frustrating!
The Frustrations of Retiring after Working Hard and Saving Carefully.
It is a sad reality for many people when they discover that the money they saved so carefully in their RRSPs is not all theirs.
The money in your RRSPs includes a lot of unpaid taxes, and the Canada Revenue Agency is waiting impatiently to get its share.
That’s pretty frustrating after all that talk of “tax-free’ RRSP savings.
It’s only tax-free until you try to use it; then the taxes can be punishing.
What use are your savings to you if you can’t use them?
Once you turn 71, those registered savings can become a source of considerable frustration…
DON’T LET THE TAXMAN TAKE HALF YOUR RRSPs!
The Problems of Retirement Savings.
Problem #1: Withdrawing money from your RRSP or RRIF may put you in a higher tax bracket and not all the money you withdraw is yours!
The taxes you deferred while your RRSP investments grew come due when you start withdrawing that money; however, when you withdraw funds from your RRSPs that money is added to your other income from that same year.
Your taxes are based on all your income including government programs such as Canada Pension Plan (CPP) and Old Age Security (OAS).
By withdrawing money from your RRSPs you might put yourself into a higher tax bracket. Then what happens?
The following April when income taxes are due where does the money come from to pay those extra taxes?
Some of you may have to make another withdrawal from your RRSP or RRIF to pay the taxes.
That money is then included as income in that year and you’ll pay taxes on it the following year.
The year after, where does the money to pay the higher income taxes come from?
From your RRSP or RRIF. It’s a vicious circle.
Now you can see that some of the money in your RRSP and RRIF is yours, but the rest is the taxman’s.
The RRSPs were supposed to ‘help’ you with the little extras.
Instead, they are being used to pay the taxes in the higher income bracket you were put in when you withdrew money from your RRSPs for the ‘little extras’.
Problem #2: When you withdraw money from your RRSP or RRIF, you could lose your government retirement benefits.
Most government seniors’ programs are tied to how much money you earn.
The government treats your pensions as earnings, so even though you are retired you are still paying income tax.
Each year, the government determines your eligibility for seniors’ programs.
They look at your earnings.
If you earn too much, you lose all or part of your benefits…
So, how much is too much?
• Your Guaranteed Income Supplement (GIS) is clawed back based on every dollar of earnings you have; your pensions are considered earnings. When you reach $14,904 you no longer qualify for GIS.
• Your Age Exemption starts to be taken away when your income reaches $32,470. It is gone by the time your income reaches $64,043.
• Your Old Age Security (OAS) is clawed back when your income reaches $63,511. And when your income is over $102,685 you no longer receive any OAS!
• If you are a lower income renter, you could lose the Shelter Aid for Elderly Renters (SAFER) grant from the provincial government.
The frustrating reality is that after years of prudently savings for your retirement you may lose all or part of your GIS or OAS for the following year when you withdraw funds from your RRSP or RRIF.
What’s worse is that to make up for the lower GIS and OAS payments you may have to take out even more RRSP/RRIF monies to survive.
And that can put you in a higher tax bracket.
It’s a vicious cycle in which no senior should be trapped.
If you earn less than $14,000 from your pensions (including CPP) and withdraw money from your RRSP or RRIF you could be ‘paying’ the government 75% ‘tax’ on your withdrawal.
What can you do to stop the government from taking your savings?
“It’s better to plan for taxes than have the government tax your plan”
Our focus is to help Canadians reduce their taxes by taking advantage of the very same strategies that the very wealthy use to stay very wealthy!
While most financial planners, banks and financial institutions continue to tout the benefits of RRSPs for those under 65, our group has the vision to look ahead, and see what is happening to retirees and their RRSPs and RRIFs.
Many accountants and financial planners are unaware of the tax planning strategies needed to help retirees keep as much of their RRSP money in their own pockets, not in the government’s pocket.
Regular tax strategies aren’t enough once you reach 65 years.
Our group combines a variety of financial products from different companies to implement advanced tax strategies on behalf of our clients.
Don’t you deserve to keep your wealth?
Even if your RRSP is currently less than $50,000 but you don’t want to fall into the RRSP trap
Contact us for your complimentary review.
1. Fill out the form below and fax it to our secure fax at 1-923-9133
2. There is no cost or obligation to you. It’s your choice. You can continue to pay taxes up to 50 cents or more of every dollar you withdraw from your RRSP or RRIF, or you can take a few minutes to find out how we can help you keep YOUR fair share of YOUR money. Your next step Click Here for How Your RRSPs May Devastate Your Retirement Plan! – Worksheet
The following will make sure you are clear on the basic truths of investing.
It goes without saying that successful investors understand and tolerate the vagaries of investment markets. However, to be successful one needs some investment education – and to review it whenever necessary.
Based on over 28 years in the financial services industry – below is my list of investing truths:
My 21 tips to financial freedom
1. Over long periods, stocks will have greater total returns than bonds.
There is ample evidence to demonstrate that, over time, stocks perform better than bonds. It is an economic principal that increased risk must offer increased return, or no one would willingly take the risk. The premium is the excess return (compared with the less risky alternative) that investors receive in return for accepting the risk. This premium has averaged roughly 8.0%, evidenced in Ibbotson’s data for 1926 through 1999. This number can be used to rationally estimate expected returns, i.e., the risk premium added to the less risky alternative.
(Click Here to read my report “The Andex Chart-What It Means To You And Me”)
2. Over long periods, bonds will have greater total return than Guaranteed Investment Certificates or money market investments.
Numerous charts support the assertionthat bond total returns are greater than money market returns. This can be violated when the yield curve is inverted, but under normal economic circumstances, the individual willing to lend his funds for long periods receives a premium for the risk taken.
3. Over long periods, money market returns will slightly exceed inflation.
This is important to realize if your only goal is to keep pace with inflation. This is assuming that you have more than adequate money to live the life you want. Most individuals do not, which is why they must take on some sort of increased risk. However, when tax is factored into the equation the investor is losing in the wealth creation game.
4. On average, stocks are much riskier than bonds.
This seems obvious for professionals, and most investors would agree. The problem is that their perception of risk may be very different from the risk they will experience. Many investors experience is based on recent investment history. Ibbotson’s data for 1926 through 1999 suggest that in any given year there is roughly a 30% chance that the broad-based stock market will be down rather than up.
5. On average, bonds are riskier than money markets.
Bond risk is normally not appreciated by investors. They feel that if prices go down, they can hold on until it matures. The reality is that bond total returns are negative almost as frequently as stock returns. They do not lose the same value as stocks, however. Since the value of a bond is the sum total of all of its future coupons and maturity value, discounted by some interest factor then adjusted for the potential of default, it is obvious why bonds would frequently decline when stocks decline. In fact, the two have a surprisingly high correlation when it comes to losing value.
6. Money markets are, for the most part, safe.
Most investors do not question the safety of money markets. Using money markets in a portfolio is a way to reduce the volatility of the overall portfolio value.
7. Income trusts and managed futures are risky investments.
On their own both asset classes are possibly more volatile that traditional stocks and bonds. However, by adding these non-correlated asset classes such as income trusts and managed futures to a portfolio does bring down the overall portfolio volatility and enhance returns.
8. You will make investments that go down immediately after you buy.
A clear reminder that this will happen sooner or later is appropriate, and that when it does not, the investor has luckily avoided the downside risk associated with investing – in the short term.
9. You will sell investments that continue to go up after you are out.
It is virtually impossible to pick a top. It is good advice to not watch a stock after you have sold it, but many investors do—it’s human nature—and some, unfortunately, will use it as an evaluation tool.
10. You will stay in some holdings too long.
This is similar to not knowing exactly when to sell. If things go well, the will find and buy investments that go up. Securities tend to be driven to emotional extremes around a central value. So you will almost inevitably own something that will reach a price peak, decline, and then you will decide to sell. Some investors (again, unfortunately) will view selling a security below its high as lost money, even if they purchased it at a much lower price.
11. The value of the opportunities you miss will far exceed those you take.
This is subtle, but it exists with almost all investors. For example, if investors had only invested in Microsoft when it first went public, before it became the large company it is today, then they would all be rich. The investment that they passed on has almost always made much more than the one they are in.
12. Someone, or some group of people, will always do better than you.
This is easy to understand. Anyone who researches past performance can find an index, mutual fund, or individual investment that did better than what they owned. It is virtually impossible to be the best, but human nature strives for perfection. It is important to understand that there will always be someone or some investment that performs better.
13. Someone, or some group of people, will always do as well as you with less risk.
This is particularly true when the equity market has a bad year. It sounds similar to truth 11, but there’s an important distinction. Money market investors and bondholders may be able to say that they did as well as the stock market, even though they took a lot less risk. The common line you’ll hear is: “I could have been in GICs and done as well—or better.”
14. Yours is the only relevant time frame, not other investors’. Hypothetical mountain charts plotting past performance, for example, are irrelevant to your performance.
Many investors are presented with hypothetical performance numbers. Based on past performance, these numbers are assembled into a graphic illustrating what might have happened had clients’ at-risk funds been invested for some standard period. A mountain chart,for example, might demonstrate the way a dollar figure invested in a mutual fund over the last 65 years could have turned into an amazing end value. The only way most investors could obtain these hypothetical results would be if they had invested $10,000 20 years before they were born and paid no taxes since inception.
15. The investment market is a rapidly adjusting environment, where past performance is an extremely poor predictor of future success.
Investors often become preoccupied with past numbers because they are readily available and easy to understand. In response, people in the investment world say, “Past performance is no indication of future success.” If past performance were a successful predictor, anyone able to read could easily achieve investment success. There are countless examples of highly positive one-year track records followed by significant under performance.
16. You are not paying for information but for knowledge.
We all like to think that we know something others do not, especially when it comes to investments. This is rarer than ever. The Information Age has made information readily available to a large number of people simultaneously. This means that you are not paying for information but for the reason and knowledge that an adviser applies to that information. This does not mean that all information is meaningless, but it is fair to say that most has already been factored into the price of what we might buy.
17. Money can only be made in the future; it is impossible to buy past returns.
As obvious as this is, it is worth repeating.
18. The principal cause of change in investment prices is change in consensus expectation.
Most investors do not have a clear understanding of what causes security prices to move. If all investors agree upon a growth rate for a company, and the company meets its expectations, the price of the company will not change. Prices change when unexpected information surfaces, or when something comes out that the consensus was not considering, such as surprising company earnings reports. This is called a catalyst for change.
19. Get used to uncertainty; like it or not, every investment decision is based on multiple guesses about the future.
I have suggested that readily available information is of little investment value. Advisors make educated guesses about the future, and every decision they make involves concrete details and some guessing. Deciding to fund an RRSP for the next 10 or more years versus investing outside the tax-deferred vehicle, for example, entails making some guesses about the expected long-term return of the assets you will own, the stability of the current taxation laws, and the assumption and probability of future tax rates for distributions.
20. Advisors increase your chances of investment success.
It is no coincidence that prospective clients seek experienced advice. Advisors increase your odds of success by using their understanding of investment fundamentals, knowledge of the past, and, most importantly, sound reasoning about the future.
21. Increasing your odds doesn’t always mean 100% success.
Every investor must realize that there is something random to investment success. Even the application of knowledge and sound forecasting may not work. Financial advisors do increase the probability that you will reach the goals you formulated together at the start of your relationship.
By going over these investment truths and internalizing them you can establish a more realistic basis for YOUR success!