Gane Financial

Are you tired of watching your money slip away? It’s time to take control, and we’ll show you how! In our latest Youtube video, "A Simple System to Save More Money" we reveal how to: ✅ Understand Lost Opportunity Cost Money grows over time, but eroding forces like inflation, taxes, and market fees eat away at it. ✅ Follow the 15%-25% Rule Save at least 15% of your income to protect against these eroding factors. Adjust based on your lifestyle: Homeowner with kids — 15% Homeowner without kids — 20% Non-homeowner without kids — 25% ✅ Pay yourself First and use a Segregated Wealth Coordination Account (WCA) Automate your savings and separate it from your everyday spending. This keeps your goals clear and on track! Enhance your prosperity with financial strategies that are simpler than you think! 💪 🎥 Watch our full video on YouTube for the complete breakdown. Are you tired of watching your money slip away? It’s time to take control, and we’ll show you how! In our latest Youtube video, "A Simple System to Save More Money" we reveal how to: ✅ Understand Lost Opportunity Cost Money grows over time, but eroding forces like inflation, taxes, and market fees eat away at it. ✅ Follow the 15%-25% Rule Save at least 15% of your income to protect against these eroding factors. Adjust based on your lifestyle: Homeowner with kids — 15% Homeowner without kids — 20% Non-homeowner without kids — 25% ✅ Pay yourself First and use a Segregated Wealth Coordination Account (WCA) Automate your savings and separate it from your everyday spending. This keeps your goals clear and on track! Enhance your prosperity with financial strategies that are simpler than you think! 💪 🎥 Watch our full video on YouTube for the complete breakdown. https://lnkd.in/eTfqeXXv

Your weekly market update!

🚨 Remember, Parkinson’s Law states: “Expenses rise to meet income.” This means that if you have a certain amount of money, you will tend to spend it. To avoid this, pay yourself first and save BEFORE you spend! We cover this psychological phenomenon and how it can impact your finances in our upcoming Youtube video, "A Simple System to Save More Money", coming this Friday! ➡️ Stay tuned and subscribe to our Youtube channel for the latest Gane Financial insights! https://lnkd.in/efwY4Us6

Did you know your life insurance policy could be the key to building financial security while you're still alive? This month, we’re diving into "Live Your Life Insurance - Canadian Edition" by Kim D.H. Butler, Antoine Rempp, and Douglas Guest. This updated version brings a uniquely Canadian perspective, aligning with our tax laws and financial landscape, to unlock the untapped potential of a tool many of us overlook. ✅ Learn how to make your life insurance work for you now—not just for your loved ones later. ✅ Discover strategies for every stage of life to maximize your policy’s value. ✅ Empower yourself with a deeper understanding of this powerful financial resource. Whether you're looking to optimize your finances or uncover hidden opportunities, this book is your guide to revitalizing an age-old approach to financial security. Let’s break the myth that life insurance is just for “what if” scenarios. It’s time to explore the “what now”! 👉 Pick up your copy today and let us know your biggest takeaway! https://a.co/d/fXAWPID

Your weekly market update!

Our YouTube channel is a great source for valuable financial education and inspiring client stories! From practical tips on growing your financial economy to testimonials from our clients, there’s something for everyone seeking financial clarity. 💡 Ready to learn how holistic financial coaching can help you achieve your dreams? Head over to our channel for insights, inspiration, and guidance—all from our expert team at Gane Financial. 🎥 Watch our video, “The Financial Game Board and Rules You Need to Create a Financial Plan That WON'T Fail”! https://lnkd.in/e6s2Yw32

Remember, the model acts as our game board but to play any game we need to understand the rules associated with that game! The Rules for Prosperity acts as our ideal model. The main defensive rules are: Rule 1: Maximize Protection while Minimizing Cost Rule 2: Save 15% Gross Income Rule 3: Have 6 months of income liquid. Once you understand the model and the rules for prosperity we like to compare your model to the ideal model and add colours to highlight possible areas of concern. ➡️ Connect with us today to find out if we are a good fit for your financial dreams. To get started, message us your number and a good time to call.

Your weekly market update!

Here are 4 more reasons why independent disability income protection might be beneficial to you, compared to a group plan: 💡 Portability An independently owned policy is 100% portable to any new job. Group coverage can be drastically different from one employer to the other, with some employers not offering any coverage at all! 💡 Cost Individually owned policy not only provides superior benefits but also proves to be significantly more affordable in the long run. Group disability policies are based on the collective risk of the group, and this risk and the costs associated can significantly increase over time. 💡 Ability to add additional riders/benefits An individual disability plan will allow you to add several optional benefits to enhance your coverage. This includes a return of premium rider, the Guaranteed Insurability Option (GIA), and the Cost of Living Adjustment (COLA). Additionally, Life Insurance and Critical Illness can be added to expand your coverage. 💡 Taxation of benefits An individual policy paid with after-tax dollars provides a benefit that is tax-free. With group insurance, if your employer pays the premium on your group disability policy, your benefit is taxable when you receive them. Missed the first 4 reasons? Check out our post from Wednesday! Ensuring your income is protected in case of illness or injury is an essential part of financial planning. ➡️ Connect with us today to find out if we are a good fit for your financial dreams. To get started, message us your number and a good time to call.

“I already have disability income protection through my work.” If this is your mindset, ask yourself: If you became disabled and unable to work for months, how confident are you that your group plan will cover what you need to pay your expenses? Did you know most group plans have a 2-year regular occupation, meaning most of the time your benefits will end in 2 years? Here’s why an independent disability policy might be right for you, compared to a group plan: 💡 Cannot be Canceled by the Insurer With an individual policy, coverage will always be there, provided premiums are paid. With group disability coverage, the insurer deems the risk of a group too high or your employer decides its too expensive, they can cancel coverage or reduce benefits. 💡 Guaranteed premiums Individual policies have guaranteed level premiums to 65, the younger you start it the lower the premium will be. In contrast, group disability coverage premiums can renew every year or two, and the insurer may significantly increase the renewal premium. 💡 More comprehensive disability definitions An individually owned disability insurance policy offers more generous definitions of disability compared to a group policy. Most group plans often require you to be 100% disabled to receive benefits and only last for 2 years at regular occupation class. 💡 Ability to include “Own Occupation” rider clause Individual plans with the “own occupation” rider/benefit ensures the policy will continue to pay if you are disabled and unable to work in your previous occupation, but able to work in another. Most group plans will stop paying after a certain amount of time has lapsed even if the employee is unable to work in their previous occupation. ➡️ Stay tuned, this Friday we’ll cover four more reasons why an independent disability policy might be the right choice for you and your family!