Personal Finance

biggest financial mistakes young adults make

13 Biggest Financial Mistakes Young Adults Make

When it comes to personal finance, the most common financial mistakes young adults make often have lasting effects on their financial future. These financial mistakes are otherwise avoidable if equipped with the right information, and mindset. Below are the top 13 financial mistakes to avoid in your 20s if you aim to have a better financial future and stability: Deferring Life Insurance Not Starting to …

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Infinite Banking Concept: A Definitive Guide For Canadians

What is Infinite Banking and How Does it Work in Canada? The Infinite Banking Concept is a financial strategy that allows you to grow your wealth and become your own banker through dividend-earning, participating whole life insurance policies. It is a personal finance strategy based on the idea of “creating a personal banking system”, and not just a bank account, so you never have to …

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How to Build Your Credit with a Credit Card

If you’re looking to build your credit score with a credit card, you’re in the right place! Building credit is important, but it can be difficult to do if you don’t understand how credit works in Canada. One way to build credit is to use a credit card responsibly. Using a credit card is one of the easiest ways to build credit. You simply need …

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How to Apply for a Mortgage Online in Canada

Are you looking to apply for a mortgage online?

With technological advancement, it’s never been easier to apply for and get approved for a mortgage right from your home, and without the need for a face-to-face meeting.

Some things you need to prepare before applying for a mortgage online, are as follows:

– A reputable credit score, and

– Proof of income

employee leaving a job

How to Survive a Layoff?

A layoff is a traumatic experience. I experienced it first hand, 9 years ago, roughly a year after migrating to Canada.

In the Philippines, there’s no such a thing as lay off, well at least before the pandemic hit. I was never laid off from a job before. Like most people experiencing this surprising event, my initial reaction was to panic. Realizing that I could qualify for Employment Insurance (EI), I panicked less but I needed to come up with a plan fast!

Losing a job means losing your income source, and you have to be quick to get another one to maintain your household’s financial security.

In Canada, being laid off is just part of the game, yes, even after your probation period. If the company you work for experiences some difficulties, the lower-ranked employees are always the first ones to go.

is financing furniture a good idea?

Furniture Financing: A Good Idea or Potential Disaster?

If you’re in the market for new furniture, then you probably know that there are a multitude of decisions to make. From size, quality, color, and more… you just have so many options that it’s really hard to make the right decision, but is financing furniture a good idea? To finance or not is the most important decisions among all your furniture purchase decision making …

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financial risk management strategies

Understanding Personal Financial Risk Management

Risk is inherent in all aspects of our daily lives, yet is an often overlooked piece of the financial puzzle. Oftentimes, you’ll hear financial risk management strategies applied to business operations and investments, this is because risk management is so important to the survival and success of businesses and investment portfolio; its importance, however, is rarely emphasized to individual personal financial planning, and while business …

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smartwealth blog - welcome

Welcome to SmartWealth Blog!

This is where we’re going to post, 100% free-content to empower clients like you make well-informed financial decisions from spending, budgeting, money management, asset protection to wealth-building strategies. As independent financial advisors in Canada, our team is dedicated to helping Canadians achieve a good financial future and we believe, financial education plays a crucial part. By reading this blog, you will be more informed both …

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