Waverley Wealth

02/13/2025

Those with substantial wealth are less concerned about luxury items for the sake of image and they leverage their money to generate more money. Here are a few tips anyone can use to build and protect your wealth.

It's not all champagne and caviar. Here’s how rich people maximize their money—and how you can use their tips to build up your own nest egg.

07/15/2024

When you research the best interest rates for your debts and assets, you can maximize your money over time. Learn more about the highs and lows of rates and get interested in your interest.

07/04/2024

Have you heard of money dysmorphia? Shame is among the most common and powerful emotions associated with money and personal finance, and this shame can lead to not seeing our financial situation clearly.

How do you mange your perception of money?

Dysmorphia occurs when our perception does not align with reality, and it can show up in many different ways.Money dysmorphia refers to a psychological condition when individuals have an inaccurate view of their financial situation. This can result in detrimental financial habits like excessive spen...

06/28/2024

We have all heard of girl math, but where should we draw the line when we use internet trends to justify our spending habits?

Loud budgeting, the little treat economy: An expert weighs in on five online spending and saving hacks

06/26/2024

Dysmorphia is when our perception is not aligned in reality, and we can experience it in different ways. Younger generations are experiencing "money dysmorphia" and that can have negative consequences. On one hand, it may look like you aren't taking care of yourself to save every cent, or on the other, you are too impulsive by consistently overspending your income.

Where do you fall on the spectrum?

Although the experience is common among millennials and Gen Zers, it can affect anyone, no matter how much is in your bank account.

03/26/2024

Have you considered using a financial advisor? They can educate you about your finances, and find opportunities to make more money and save tax. They can help you assess your needs as your life changes and hold you accountable to reach your financial goals.

Learn more about the advisor effect:

The value of an advisor is in their ability to hold you accountable to your financial goals and keep you on track

03/19/2024

"Now that your money has outlasted you, it will be awesome to see how the government divides your assets. Governments always make amazing decisions about other people’s money."

Your willpower is only as strong as your Last Will and Testament, and everyone has reason to write a will. What is holding you back?

The COVID 19 Pandemic has spawned a number of recommendations that people write or update their Wills. I am revisiting this blog post to inject some levity.

03/15/2024

They say the gods laugh at our best laid plans. If you consider having kids, how has that changed your financial plans?

"Life is what happens to you while you are making other plans.” - John LennonWhen you quit your job to change career paths or have a baby, life changes. You have more constraints on your time and new responsibilities to take on. Financial advice should always be personalized to you, and major life...

02/21/2024

www.moneysense.ca

01/16/2024

Everyone needs an emergency fund, but how do you start saving?

Financial experts often tell young people to start investing early to benefit from compound growth. But what if you can’t afford to save for retirement yet?

11/25/2023

Most of us are familiar with a savings account, and making interest while funds sit in an account. When it comes to investing in fixed income and equities, it can be a little more complicated. There are tricks to the trade everyone can learn.

PS : You can use AI to invest better than a pro, set up deposits automatically on payday, and pay yourself first. Reach out to our team for questions!

Learn how to invest in stocks, including how to select a brokerage account and research investments.

11/24/2023

What goes up, must come down and we see this in real estate.

When interest rates rise, prices drop creating a buyer's market. As of November 2023, the prime rate of the Bank of Canada is 7.2%. Once interest drops, the interest you owe in your monthly mortgage payments will drop and your principal outstanding will not increase, so you end up paying far less in interest once interest rates drop back down. Over the last 15 years, we have seen rates drop historically low and we likely will not see that for a while.

What can you do to prepare for purchasing your first home in the next five years?

One of the best things a young buyer can do to prepare for buying a home in 2024 is to build a high credit score