tag:blogger.com,1999:blog-65930761719315418282012-01-24T21:33:33.455-08:00Personal financial blog by Mike Hassard Kelowna. Financial solutions Lifie Insurance Mortgage Insurance Debt Investing and Mutual Funds. Financial Ideas that Work.Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.comBlogger1101100tag:blogger.com,1999:blog-6593076171931541828.post-55744890665455251822012-01-24T21:15:00.000-08:002012-01-24T21:20:55.724-08:00

Have you every wondered why so many of us  behave the way we do when it comes to money? Why do we spend too much, even when we know it doesn't make sense. Why do we expect to pay a low price to buy something, yet once we own it we believe its value is higher. People and money seem to explode every so often, and governments and economist seem powerless to explain these financial events.

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com01511 Sutherland Ave, Mena, AR 71953, USA34.5871427 -94.248947434.5855087 -94.2514149 34.588776700000004 -94.24647990000001tag:blogger.com,1999:blog-6593076171931541828.post-12154118283767290112011-12-29T18:05:00.000-08:002012-01-19T19:33:38.428-08:00

How much Insurance do you really need? If you buy too much, you will overpay for years, if you have too little, your beneficiaries will be left with liabilities. So getting the right amount is important. Over the years I have found many people avoid adding in all needs because they are fearful of the cost. My suggestion, add everything you need, and they you can remove things later.

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com01511 Sutherland Ave, Kelowna, BC V1Y 5Y7, Canada49.8802913 -119.46578449.8777333 -119.4707195 49.882849300000004 -119.4608485tag:blogger.com,1999:blog-6593076171931541828.post-46037615266832496172011-12-29T09:31:00.000-08:002011-12-29T11:34:08.410-08:00

World economies are stalling, unemployment is growing and companies are laying off of staff to cut costs. People world wide are looking for opportunities for employment and job security, and many are going back to school to better their chances. In response many post secondary schools are gearing up to meet the demand. The dark side of this expanding need for higher education is the cost

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com01511 Sutherland Ave, Kelowna, BC V1Y 5Y7, Canada49.8802913 -119.46578449.8777333 -119.4707195 49.882849300000004 -119.4608485tag:blogger.com,1999:blog-6593076171931541828.post-56370128390011307632011-12-27T12:34:00.001-08:002011-12-27T19:46:05.536-08:00

It comes in the mail to thousands of Canadains everyday ... a mortgage renewal from their bank. According to CMHC more than 60 % of renewals are signed and sent in.  Many home owners pay 1,000 of dollars too much for their mortgages because they don't review their current needs before they renew. Here are three things you should consider before you sign the paperwork to renew your mortgage...

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com01511 Sutherland Ave, Kelowna, BC V1Y 5Y7, Canada49.8802913 -119.46578449.8777333 -119.4707195 49.882849300000004 -119.4608485tag:blogger.com,1999:blog-6593076171931541828.post-87024287607074034372011-12-10T19:33:00.001-08:002011-12-14T13:57:37.439-08:00

Have you every thought of getting rich by buying gold, investing in a technology IPO, or hitting the jackpot with a stock tip. To be honest I have. I seems we all have a desire to hit the jackpot in our lives. With all the money that can be made in stock market ... many choose to treat it more like a lottery than a market for investment. You could be next George Soro's and make 1 billion

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com01511 Sutherland Ave, Kelowna, BC V1Y 5Y7, Canada49.8802913 -119.46578449.8777333 -119.4707195 49.882849300000004 -119.4608485tag:blogger.com,1999:blog-6593076171931541828.post-37685675488888984022011-11-29T13:17:00.001-08:002011-11-30T11:44:50.094-08:00

Over the last couple of weeks I attended a  seminar focused on paying less tax. Nothing angers the average Canadian more than the idea of paying too much income tax. (Of course the room was full!) Tax Shelters are legal in Canada and they aren't new. These programs use loop holes in the tax code to put money in your pocket. The strategy of choice for many is the donation scheme. I am not

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-3431290886321425002011-10-10T22:28:00.000-07:002011-10-10T22:32:21.741-07:00

Every year scamers take millions of North American's for billions of dollars. With easy access to  the internet the ability to reach an endless supply of potential new marks, almost anyone can become a professional con artist. According to the Better Business Bureau in 2010 Roofers had the most inquiries at 2,409,190 the most complaints were levied at the Television industry with 30,985,

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com11511 Sutherland Ave, Kelowna, BC V1Y 5Y7, Canada49.8802913 -119.46578449.8777333 -119.4707195 49.882849300000004 -119.4608485tag:blogger.com,1999:blog-6593076171931541828.post-88173297902484297602011-10-07T13:34:00.000-07:002011-10-07T18:45:02.592-07:00

Lets face it. It is so much easier to spend than save. We live in a spending culture. We work, we spend, we work, we spend ... such is the way we live our lives in North America.  Spending is like a disease ... if left untreated the credit card bills start to grow. Does this remind you of anyone you know? Go for a walk and stopping by a coffee shop for some hot chocolate x3 times a month

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com01511 Sutherland Ave, Kelowna, BC V1Y 5Y7, Canada49.8802913 -119.46578449.8777333 -119.4707195 49.882849300000004 -119.4608485tag:blogger.com,1999:blog-6593076171931541828.post-49811491497039108222011-09-17T10:32:00.000-07:002011-09-17T10:34:50.010-07:00

Stress is becoming a way of life for many of us.  Regardless of income many are starting to feel the pinch ... and keeping up each month is harder than has ever been. I have noticed after a number of meetings with my clients in the last 6 months, incomes are under pressure, personal debt is climbing and everyday costs are starting to rise. Add to this the prospects of potential job loss ...

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-30221489862719989802011-08-13T17:11:00.000-07:002011-08-14T12:40:14.657-07:00

Are you a pet owner? If you are you among a large group in Canada. From what I have been able to find there are some where in the neighbourhood of 8 million domesticated dogs and cats in Canada. Lets be honest, when you decided to get an animal did you consider the financial costs of pet ownership. The pet industry is huge and very profitable, but the effect on the personal budget can range

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com01511 Sutherland Ave, Kelowna, BC V1Y 5Y7, Canada49.8802913 -119.4657839999999949.8802863 -119.46578949999999 49.880296300000005 -119.46577849999998tag:blogger.com,1999:blog-6593076171931541828.post-57093782747127605622011-07-23T13:16:00.000-07:002011-07-23T13:48:31.740-07:00

Life insurance is the foundation of total needs planning. Premature death can ruin a families chance for financial success.  We have all heard the statistic men die earlier than women, but have you ever wondered why?  Yes some men are bigger risk takers, more men enlist in fighting roles in military, and some take dangerous jobs like deep sea diving, or below ground mining.  But these

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-86380012294724266972011-07-16T12:46:00.000-07:002011-07-16T12:53:21.093-07:00

The real estate market has slowed in the Okanagan and many are asking what can be done to find more buyers.   Government has come up with a program that encourages home sellers  to improve the energy efficiency of their homes with rebates and at the same time give a rebate on CMHC fees to the purchaser of the home. For more details on how this program works here is details from Kelly Wolfe

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com1tag:blogger.com,1999:blog-6593076171931541828.post-48335883936771275712011-07-02T12:50:00.000-07:002011-07-02T13:15:16.104-07:00

Getting married for many is a time in your life when your life priorities start to change. Creating a new partnership helps us to focus on what really matters, and this includes our financial lives. Unfortunately for many the road to marriage bliss comes with a huge bill attached. Based on 2010 results on the smartmoney.com the average wedding today costs more that 26,000 dollars! (The

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-22560800970861917952011-06-26T23:27:00.000-07:002011-10-07T14:14:23.842-07:00

The Stanley Cup finals are over ... and life is finally getting back to normal. If you are like me you have come  to terms with being number 2. I was hesitant to write about anything that relates to hockey, but I couldn't pass this up. Have you every wondered what it would be like to earn the income of a hockey player. What would it be like to spend an income of a hockey player like the 

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-56879918514592813402011-06-13T14:15:00.000-07:002011-06-13T21:24:48.463-07:00

Canadians are for the most part hard working,  living longer and enjoy a better standard of living than many retirees in other countries. But have you wondered how we compare? Check out this infographic from Cheezburger.com comparing the average retirement ages from around the world.

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-51071685663213665822011-05-28T11:47:00.000-07:002011-05-30T10:11:06.562-07:00

Change is never easy. Just ask my legs last Monday morning.  I am training for my first sprint triathlon and to be honest I am starting to doubt my decision. I have always been reasonably athletic. I was a good runner in high school, enjoyed lifting weights in the gym and have been able to adapt to changing athletic pursuits through out my life. Or at least until now. Last weekend I jumped on

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-24092257056494220322011-05-15T15:46:00.000-07:002011-05-25T12:19:09.745-07:00

Have you heard of an investment with out risk? I have. At least once a month I get a offer in the mail, email in my in-box or see an ad in the newspaper for a new investment that promises an amazing return with no risk.  Nothing scares an investor more than risk, and nothing contributes more to risk in investing than volatility. Just ask investors in 2008 going from the highs in spring to a

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-44895594319113473272011-05-15T15:33:00.000-07:002011-05-15T15:49:17.793-07:00

In Kelowna I meet at least 2 people a week that have relocated to the valley to prepare for an early retirement.  They have left the high paying jobs in Vancouver, Calgary or Edmonton sold the family home and moved to the Okanagan Valley to be closer to aging parents. Their plan is to work another 5-7 years, and with out a mortgage they hope to top up their retirement accounts and be well in

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com2tag:blogger.com,1999:blog-6593076171931541828.post-14192629811056510622011-05-08T22:55:00.000-07:002011-05-08T22:55:25.353-07:00

I have often wondered why it is that cost of living only seems to go up. The harder you work the more you spend. The more you spend the harder you work. You get the idea. Life is a financial treadmill with out an end, that is your life until the day you die. For some we realize this paradox before then, yet many of can never have enough stuff, spend enough or travel enough. The reality is the

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-69288609601831634422011-05-02T23:16:00.000-07:002011-05-02T23:45:25.487-07:00

The parents of the baby boomers are now well into retirement. They have done their best financially coming out of a great depression followed by longest time of growth in North American history. Life has taught them to spend carefully and how important it is to save for the future.  Now is a time to enjoy the fruits of their labour. But now their good financial choices have made them targets

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-23046324533579325152011-04-18T21:19:00.000-07:002011-04-18T21:34:28.886-07:00

Why retire sooner if you only die weeks later. Much of what I have written about on this blog is centered around financial strategies to spend less, protect your family better, eliminate personal debt and invest better. But what can you do to live longer to enjoy your efforts? The other day I came across at book from Howard S. Friedman and Leslie R. Martin called The Longevity Project.  The

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-7571547448730490292011-04-06T17:27:00.000-07:002011-04-06T17:37:26.015-07:00

Take out your credit card(s) and ask yourself a question. Why does the credit card company use the numbers is uses? Just like cheques these numbers have a financial purpose. I found this infographic today on the mind.com blog and it answers what your credit card numbers really mean and are used for. Great infograophic below! Budget Planner Software - Mint.com The next time you go to use

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com1tag:blogger.com,1999:blog-6593076171931541828.post-55146711718070280302011-03-30T12:21:00.000-07:002011-04-06T19:40:44.499-07:00

Have you ever avoided the phone because of a creditor, I have.  I can remember leaving my house for most of the day just so I didn't have to ignore the phone. At the time I did not know how to handle the angry collectors and I wanted to do the right thing. But how can you negotiate with some one that really has nothing to lose? Here area few ideas that worked for me. (Make sure to check the

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-38079835647509275142011-03-24T21:59:00.000-07:002011-04-06T19:02:28.478-07:00

If you are like me connecting with others is an important part of your life. I can’t imagine a week without meeting some one new. Connecting is a lost skill that many don't know how to do well, and many of us avoid. Especially if this means speaking in public. A friend of mine, keynote speaker Fred Sarkari, has just released his newest book “Courage to be Naked” The Ultimate Guide To

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com2tag:blogger.com,1999:blog-6593076171931541828.post-42744737156304261692011-03-24T14:42:00.000-07:002011-04-06T19:44:39.342-07:00

The Federal Government released it's budget this week. Now the question is what effect will it have on your financial life in 2011? Although there are no significant changes, due to a impending election, there are some financial programs that are being extended for business along with some tax credits for parents and children.  Check out the information provided by Gary Schlenker of Grant

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-56409268971496967482011-03-20T22:53:00.000-07:002011-04-06T19:41:01.032-07:00

Spending less is like going on a diet. We rely on will power with out a method or system to reach our goals. And just like most diets we are doomed to failure. Over time our debt starts to balloon and the only solution is a drastic change of spending habits. Unfortunately, just like crash dieting, the lasting effects of these changes only end in frustration and we eventually give up. For most

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-35879529405648002772011-03-08T09:47:00.000-08:002011-04-06T19:46:26.947-07:00

Financial pressures are every where and food prices are starting to rise. Coffee is up 30-40 percent, flour is almost twice the price, even potatoes have increase 50 cents a bag. So you can imagine how excited I was to find my favourite ice cream had not gone up. That was until I got home I realized why. The serving was smaller. That container was the same in size, but the serving size was 15

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-37902899211143437152011-03-06T21:18:00.000-08:002011-04-06T19:40:44.513-07:00

I don't know about you ... but tax time is a time for financial reflection. All I want to know is ... am I making progress or am I falling behind. Since I run my own financial business, I track everything, the gas for my car, car insurance and the costs to run my office. I also track my personal costs, food budget, hydro costs, and debt costs from the year. Every year I am amazed at how much I

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-12569732434331727652011-02-05T13:37:00.000-08:002011-04-06T18:17:22.094-07:00

The winter olympics proved it. We Canadians are much better than we think we are. We are honest, and polite yet at the same time we are competitive and we can win. The spin off from this investment by government and athletes to own the podium, has spilled over as Canadian athletes continuing to shine on the world stage. This also applies to our place as a financial power, and as investors.  

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-23882414365313796692011-01-31T19:33:00.000-08:002011-04-06T19:41:01.039-07:00

The topic of financial management and retirement is a serious financial issue for many. Will you have enough to live with dignity, how do you deal with your investments when the financial markets are down, and what if you live too long?  The answer for most financial companies is to scare their customers in to making hard decisions. Nationwide Insurance in the UK has come up with a lighter

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com1tag:blogger.com,1999:blog-6593076171931541828.post-42659177897024678582011-01-31T18:46:00.000-08:002011-04-06T18:18:10.417-07:00

With interest rates at an all time low and pressure on governments to limit the money supply there is a very real likely hood that interest rates will rise this year. How much no one knows ... but what would you do if interest rates climbed a half, one or two percent? If it has been awhile since you have visited this area of your financial life it might be a good idea to review the impact of

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-10984643837413425832011-01-31T18:28:00.000-08:002011-04-06T19:29:47.893-07:00

Locking in the interest rate on your mortgage can bring some comfort, but it comes with a price.  Some are of a mind to float the rate to get best possible deal today while others are prepared to pay more now with the security of future cash flow. This months Financial Feedback Questions is "How would rising interest rates effect your next mortgage renewal or home purchase?" (Make sure to check

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-18006845737071998002011-01-30T22:23:00.000-08:002011-02-08T09:23:10.555-08:00

For Many business owners the ability to save and invest for retirement has been directly impacted by current the economy in Kelowna.  When sales and profits are down, saving and investing for retirement are not always the top financial concern.  The other day I was asked by a number of my friends at the Okanagan Business Referral Group (OBRG) about my ideas on how to best to deal with

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com3tag:blogger.com,1999:blog-6593076171931541828.post-53011165212490315642011-01-22T16:37:00.000-08:002011-04-06T19:32:06.703-07:00

Money means different things to different people .. but what does it mean to you? In order of importance answer "What is Important about Money to YOU?" below. Question 5 has been left open just in case I have missed a concern of yours. Your answers are greatly appreciated. <p><p><p>

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-84055115299614948792011-01-15T22:28:00.000-08:002011-01-15T22:28:48.388-08:00

The financial turmoil of current economic events has effected the possibility of early retirement for many baby boomers.  Investments are down, company pension plans are coming under pressure and now government benefits are changing to adapt to less revenue. Governments in France are pushing retirement age ahead from 60 to 62 1 to save money, the United Kingdom has scraped the mandatory

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-60468893743380810772011-01-07T23:39:00.000-08:002011-04-06T19:36:02.246-07:00

2011 is over now and your annual statement is soon to arrive. Is your account up or down? Are you closer to retirement? What a great time to review your financial game plan.  Even after being in the investment industry for more than 15 years nothing can be more depressing than reviewing your investment returns after a decade and only seeing a average return of only 3 or 4 percent.   If this

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-23531948223282245002010-12-22T13:54:00.000-08:002010-12-22T14:26:51.092-08:00

We all will die someday.  Once we are gone we are nothing more than the assets we leave behind and relationships we have developed. Best of all our worries are over. That of course cannot be said for those we leave behind. In addition to planning the funeral, dealing with the final tax returns, and probating the estate there is the issue of how to deal with the life insurance proceeds. What

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-66614283236746814222010-12-18T09:18:00.000-08:002011-04-06T18:02:27.275-07:00

We Canadians are known for being privately proud of our country. Being so close to the United States we have become known as their much smaller brother, always second best. But now we have something to point to, as being better at than the Americans ... we Canadian's carry more house hold debt than they do. That's right! After watching financial melt down and the US economy crash, we

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-87538162750650486732010-12-16T21:07:00.000-08:002011-04-06T18:30:48.704-07:00

The end of year is coming and if you are like me now is the time to hit the mall and the stores in downtown Kelowna to buy Christmas gifts.  Wouldn't it be nice to wake up on Christmas morning and find a nice gift from the Canadian Revenue Agency, like a nice big tax refund? This week Gary Schlenker from Grant Thornton Chartered Accountants forwarded on a few ideas on how maximize your tax

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-28233669287010563192010-12-05T23:13:00.000-08:002011-04-06T19:36:02.253-07:00

What kind of Christmas shopper are you? My wife and I shop totally different.  My wife starts early takes her time and is driven on price. I, on the other hand, am willing to pay a bit more, I leave my shopping to the last 2 to 3 weeks, and I can't get out of the store fast enough. What if, no matter the type of shopper you are,  you could shop faster, easier, and save money while leaving

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com2tag:blogger.com,1999:blog-6593076171931541828.post-27976192410915466732010-12-05T22:13:00.000-08:002011-04-06T18:59:16.951-07:00

The Canadian Dream is the same for most of us, baby boomers. Get a good job with a big company, have 1.6 children, and buy a big house. By the time we reach 55 we should be in our highest income years looking forward to retiring soon. The last thing you think about is how your health will effect your financial life. Last month at Kelowna's Okanagan Business Referral Group's Event on "Work Life

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com1tag:blogger.com,1999:blog-6593076171931541828.post-41141106556303991342010-11-16T23:58:00.000-08:002011-04-06T19:36:02.260-07:00

When was the last time you reviewed your financial game plan to see how your plans for retirement are coming along?  If you are like most Canadians your main focus is holding on to your job, paying your monthly bills and maybe planning a winter vacation.  Retirement is the last thing on your mind. In a November the Gandalf Group issued the Cosumerology Report, for Bensimon Bryne, interviewing

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-17068721470659919462010-11-12T16:32:00.000-08:002011-04-06T19:36:02.269-07:00

The retirement reality is hitting baby boomers much harder than expected. For many the family home (or should I say the equity in your home)  has become the hope of retirees, and downsizing is the buzz word in the financial community. The idea is a good one. Sell your large 2,000 - 3,000 square foot home to buy a less expensive smaller home, town home or condominium and invest the difference to

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-84144857671786544102010-11-02T19:11:00.000-07:002010-11-04T12:54:57.680-07:00

Credit Card Companies make billions of dollars every year. We all know this and except this reality when we choose to use plastic.  But just how is all this money made?  You maybe surprised to find out that a credit card company makes money in four ways. (Make sure to check the diagram below for a complete illustration) Fee's - Annual fees, late fees, over limit fees. You get the idea. Make

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-16064259440690606642010-10-21T21:45:00.000-07:002011-04-06T19:08:26.526-07:00

Christmas in just two months away and there will be a new way to shop and it as close as your favorite social media site.  Target and Facebook are working together to offer gift cards just in time for the holiday season.  As it was with Google, Facebook has found a way to make money using its social platform and helping it's members shop at the same time. Now if that wasn't enough Facebook

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-7504264046669147432010-10-02T13:43:00.000-07:002010-10-02T16:27:56.059-07:00

One thing I really enjoy about living in Kelowna is the great out doors. In our own back yard you can participate in kayaking in Okanagan Lake, cross country skiing near Crystal Mountain and even mountain climbing at Skaha Bluffs.  The life style of the modern baby boomer is much different than their parents. Can you imagine your grandmother sky diving, or driving a race car?  Many are ...

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-88974217960744372952010-09-26T10:57:00.000-07:002010-09-27T12:53:17.532-07:00

Image by Getty Images via @daylifeI have been accused of being an eternal optimist.  But how can I be so sure things will get better when the United States economy is in the dumpster, the Canadian real estate market is showing sign of collapse and employment seems to be going now where.  The  solution to the world's economic problems, I believe,  is the growing middle class in China and India.

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-86218157504250514542010-09-18T10:58:00.000-07:002011-04-06T19:29:03.650-07:00

Interest rates are starting to rise ... how will you deal with increase on your cost of living? For many with substantial size mortgages and balances on credit cards an small increase can mean the difference between dinner out and paying the hydro bill.  The impact of increasing interest rates is one of the most overlooked risks when borrowing money.  Why do we overlook or ignore something

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-25074286946564045882010-09-12T21:49:00.000-07:002010-09-18T16:52:42.165-07:00

I had a great discussion with my daughters about the increasing cost of everything when talking about the monthly bills. The stark financial reality of price increases become more apparent as you move out, but it is even more of an issue in retirement. Inflation is just a nuisance when you are working because the solution is easy ... just work longer hours, or get a second job. When your are

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com2tag:blogger.com,1999:blog-6593076171931541828.post-53437920138254495372010-09-07T12:47:00.000-07:002011-04-06T18:15:53.158-07:00

Are you like me and you like to relax and read something over a cup of coffee? Then maybe a subscription to my email newsletter would be best way to enjoy mikehassard.blogspot.com. Get the latest articles, videos and the monthly money funny right to your in box and so you can follow my blog when it best suites you. Sample here. Just sign up below and I will forward on next months edition right

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-31740097120138960482010-09-03T07:15:00.000-07:002011-04-06T18:03:20.149-07:00

This year is first for us ... no one is going to school this year. But for many in Kelowna,  kids are back to school next week and life is getting back to normal. Time to put away the beach towel and open the text book. And for many post secondary students it also means opening the wallet for the credit card. As the cost of day to day living is starting to creep up many students are turning to

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-84505334180490023112010-08-18T13:56:00.000-07:002011-04-06T19:04:04.469-07:00

Why is it we will drive across town to save 200 dollars on a 800 dollar couch but not 200 dollars on a new 20,000 car? 200 dollars is 200 dollars isn't it?! The simple answer is no. The same goes for waiting for a paycheck. Would you take 100 dollars now or 200 dollars at the end of the 2 months? Most would take the money now. Why is it when it comes to money we humans act irrationally and

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-57763465013666612742010-08-11T12:02:00.000-07:002011-04-06T19:06:39.492-07:00

Are you on Facebook? Maybe you prefer Linkin or Twitter? Social Networking  is replacing  the phone as the preferred form of comunication today. Now you can update your family on your son's graduation, show off your new born baby or share your pictures from  your family vacation. If you are like me things like Facebook LinkedIn and Twitter have become away of like for me. Let me ask you, and be

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-77846245869945462082010-07-25T19:31:00.000-07:002011-04-06T19:36:02.276-07:00

As a financial professional most of time I only get calls when someone is in a financial transition (that is financial speak for a change that has not been planned for). The loss of a job, forced retirement, dealing with aging parents and the dreaded sale of family home or now referred to as "downsizing". The idea of downsizing is a good one. Your new smaller home is cheaper, easier to

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-18666817596843018892010-07-18T10:59:00.000-07:002011-04-06T18:05:03.276-07:00

The world is getting smaller every day even in the financial world. The desire for a better life is starting to grow and driving a need for access to financial products. All the things we have come to expect in Canada's financial banking system like lines of credit, mortgages, debit and credits cards are gaining interest world wide. The other day I came across the website for The Bank of China

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-81139088097135721222010-07-17T18:28:00.000-07:002010-07-18T06:08:31.465-07:00

I still remember my first meeting with a life insurance salesman when I was in my 20's. I was newly married, we had a daughter and I did not want to buy life insurance. At the time I had never really thought about my responsibility to my family if I died prematurely (and of course I wasn't going to die). After getting the policy I found out later I had been sold a product that was overly

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-18877071522280688612010-07-17T11:04:00.000-07:002010-07-18T07:23:35.849-07:00

Living in Kelowna is a real treat. We have everything ... 5 ski hills, a huge lake and endless amount of trails to see. (Thanks to Union Cycle Kelowna for the picture). You name it we have are excellent restaurants, music and events galore. We move here because it has everything we want why go any where else? And as I have found out for myself, as it is with travel so it is with the Internet 

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-39369669737972245782010-06-26T10:35:00.000-07:002011-04-06T19:41:01.045-07:00

My wife thinks I'm crazy, because I can draw parallels between two completely different things. I am of the option that behavior in one area of life recreates it self in other areas ... hence my comparison with doing the dishes and dealing with planning in financial matters. See if you see the similarities ... After more than 15 years in the financial industry on thing I see time and time

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-50959926175381772732010-03-20T13:31:00.000-07:002011-04-06T19:45:48.500-07:00

Over the next couple of weeks the Kelowna economy will receive a boost as many receive their tax refunds. For many the plans are being made right now to, go on vacation, buy new living room furniture or treat the family to nice dinner out. But before you cash that cheque you may want to consider these 5 financial suggestions that could make your financial life better today and in future.

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-88342840500660986582010-03-05T07:53:00.000-08:002010-07-17T18:23:17.831-07:00

There has been much discussion about Kelowna's downtown community plan. The big issues are the same as always density, where the building should be done, how high the buildings should be in downtown core. The retiring baby boomers are looking to their future retirement and the impact of their lifestyle will have on the environment, and many are looking for change. Should the housing be in the

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-14171480351903677942010-02-15T06:05:00.000-08:002011-04-06T18:05:42.804-07:00

I have seen it so many times. Kelowna real estate prices have climbed in last 5 years so much that many are buying more house than they can afford. When most purchasers are done once you do the math they are behind $200, $300 even $500 every month. The the bottom line is their new mortgage payment is just too much! How can someone make what seems like an obviously bad decision with the help of

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com2tag:blogger.com,1999:blog-6593076171931541828.post-8279624779227300842010-02-08T06:00:00.000-08:002010-07-29T23:22:58.245-07:00

The proof that the cost of home ownership is going up ... Vancouver was named the "most severely unaffordable" city in the world to live in. Kelowna wasn't far behind, named 38th in Demographia International report released last week. You have probably noticed your houses value decreased since last years assessment. Even if you are down 50,000 or 100,000 dollars you are still way ahead of

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-76452657996853351982010-02-02T10:26:00.000-08:002011-04-06T19:04:23.683-07:00

The cell phone is becoming the central part to many of our lives. You can check your account balance, transfer funds, pay bills and even pay for purchases. The recent tragedy in Haiti is a case and point the power of the cell phone. Almost one third of the money raised, 5 million dollars, was done by texting! What is next you ask? Now you can deposit a cheque with a new app for the I Phone.

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-41572938718006646532010-02-01T06:00:00.000-08:002010-09-27T12:27:19.920-07:00

They come every year to Kelowna, seminars promising financial success in a few easy steps, using your credit card and a new method.  Financial Gurus selling secret systems, special investments, and incredible tax strategies. But do these things actually work? Now before I put my two cents into the discussion let me first say that have been involved professionally in the financial industry

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com1tag:blogger.com,1999:blog-6593076171931541828.post-36818112848736947642010-01-09T12:52:00.000-08:002011-04-06T19:18:32.575-07:00

Another year is behind us. For many it was a time for family and friends. But for some this year has been one of tremendous transition. Job loss, and downsizing has come to Kelowna and many are looking but not finding much of job prospects. For some they are "over qualified" or not looking for the same 9-5 routine of the last 15 - 20 years. They are looking for something more flexible, more

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com1tag:blogger.com,1999:blog-6593076171931541828.post-74585376868926491012010-01-05T23:30:00.000-08:002011-04-06T18:12:09.545-07:00

With all the volatility in the markets, risk and investment suitability has become more of an issue for investors. It wasn't too long ago, when everything was going up, that few wanted to question how their investment actually worked. Higher returns seem the most important financial issue when choosing an investment, but pale in comparison to the reality of loss when your investment does not

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com2tag:blogger.com,1999:blog-6593076171931541828.post-59349485446864654322010-01-05T17:10:00.000-08:002010-10-04T14:15:53.734-07:00

The holidays are over and if you are like me you are a little wider now than you were at the first week of December. Losing weight and dieting just seems to be part of my New Years routine. We all know that losing weight all starts with eating less calories. The challenge for many of us with busy life styles is we eat out more than ever. But do you really know what your are eating when you look

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-53594323067827560502010-01-05T13:25:00.000-08:002011-04-06T19:45:48.506-07:00

2009 is over and 2010 is here. As we enter the new year we are all recovering from our Christmas financial misadventures, and making new years resolutions for better financial plans for the coming year. The question this time of year is do you contribute to your RRSP?It is hard to believe The RRSP was created by government in 1957 to encourage individuals to save for their own retirement. Even

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com1tag:blogger.com,1999:blog-6593076171931541828.post-89833931022752786802009-12-08T14:17:00.000-08:002011-04-06T19:40:44.533-07:00

You've worked hard to create the life you have. What will happen to it when you are gone? Do those left behind know what your wishes are? Ask those around you and you might be surprised!Few of us want to discuss our own death and what people would want of yours after your are gone. Being open about your wishes can actually make your survivors job easier.This months guest author, Una Gabie,

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-746077006674201172009-11-25T09:55:00.000-08:002011-04-06T19:41:01.053-07:00

When was the last time your really checked the terms and conditions of your the credit cards in your wallet? If you are like most of us the idea of reading the fine print is not something you would particularly enjoy ... but what you don't know can harm you! Here is an excerpt from the new series from PBS "The Card Game" exposing credit card companies, the fees they charge and the impact they

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-32287542300051289822009-11-17T10:06:00.000-08:002010-10-04T14:19:48.936-07:00

The name Warren Buffet is synonymous with investment success. What is the secret of the worlds most successful investor? Fancy investment techniques, sophisticated computer models, or magical statistical analysis? Mr. Buffets approach is much more fundamental than that. You can tell by the way he lives his life. Keep it simple and understand what you own. Check out this 6 part series "

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com1tag:blogger.com,1999:blog-6593076171931541828.post-87091732356086610222009-10-31T17:04:00.000-07:002011-04-06T19:36:02.290-07:00

With the economy slowing, real estate prices dropping and retirement savings shrinking many are wondering what to do now? Put off retirement? Work a second job? Or resign your self to a weekly trip to the mall instead of annual trek to Arizona? Under all this pessimism there is hope. The reality is all these things have happened before (although for many it has been more severe than expected)

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-68505806301668933772009-10-31T16:00:00.000-07:002011-01-23T19:46:59.006-08:00

Of all the financial goals I hear wanting to Travel is always at the top of the list. To help with ideas on travel I have asked a friend of mine Daniel Rae of Vacanza Destinations Kelowna to provide some information on travel ideas. Daniel has extensive travel experience and is out visiting travel destinations 3-4 times a year. As a travel wholesaler he knows personally the hotels and

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com2tag:blogger.com,1999:blog-6593076171931541828.post-28981447833088436452009-10-31T12:18:00.000-07:002010-10-04T14:24:39.203-07:00

Recently I had a family member come to me asking what I thought of pre-paid credit cards as a method of purchasing things on the internet. They did not have a credit card and figured if they put their money on a prepaid card they could control their spending and use it only when they needed it. I suggested they read the "fine print" and if they liked what they found out to try it out and let

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com1tag:blogger.com,1999:blog-6593076171931541828.post-9463179770579990802009-10-29T14:26:00.000-07:002011-04-06T19:40:44.547-07:00

The other day I had a someone call concerned that their opportunity to invest had passed them by. There is much to be said for starting early ... but it is not always easy to do everything with kids, mortgage and bills. Check out this article from Mackenzie Financial Insight Magazine / Website on Investing in your 40's ... Now that you’re in your 40s you’ve probably entered your top earning

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-13241183667389213082009-10-17T10:47:00.000-07:002011-04-06T19:36:02.298-07:00

According to the Bank of Canada ... household debt is emerging as the greatest risk to Canada's financial system and the financial lives of Canadian and Okanagan families. The Amazing part of all this ... the personal credit crunch and rise credit card debt is nothing new ... check out these two video excerpts from the CBC archives from December 1978 and the second from November 2008. As

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-12637167433875084972009-10-09T13:00:00.001-07:002011-04-06T19:01:21.549-07:00

If you are like me the smell of cooking turkey, and apple pie means one thing ... Thanksgiving is finally here.Every year I hanging around the house just to taste the hot apple pie right out of the oven and sneak a piece of turkey before the big meal. (Why else do you think I cut the turkey. You've got test the knife ...)Oh by the way if you are looking for a way to dress up your turkey check out

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-49894988469339874202009-09-25T15:10:00.000-07:002010-10-04T14:30:16.100-07:00

What is flat like a pancake, gives you the freedom to have your wildest dreams and steals from you at the same time? A evil magic lamp you say? That might be a good name for it ... but most of us call it a debit card. With the invention of the plastic money and credit cards ... the debit card has become the method of choice for spending money these days. In fact Canadians (Kelowna residents are

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com4tag:blogger.com,1999:blog-6593076171931541828.post-67363880798370593512009-09-23T17:08:00.000-07:002010-06-13T19:13:36.437-07:00

We've all been there before. We are asked to speak for our son/daughters wedding, give a talk to our co-workers or present to a potential client ... now what are you going to do. What will you say? What if you make a mistake? Maybe you can call in sick or say only a few words and get off the stage quickly.It has been said the number one fear of every Canadian is speaking in front of a group.

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-58337786543400364442009-09-23T15:54:00.000-07:002010-06-13T19:23:10.942-07:00

I don't know about you but I am getting tired of hearing about the financial meltdown and financial hardship that is coming. I know things are tight for everyone in Kelowna ... but can you imagine what things are like in the motor city, Detroit.I came across this video ... proof that you can make money regardless of the economy. A business that appeals to the average person and charging only 85

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-67536129110213722052009-08-26T19:38:00.000-07:002011-04-06T19:41:01.061-07:00

Kelowna is at its best this time of the year. Summer sunshine, time with family and of course cooking on the barbeque. Amongst the fun and the sun there are those that have lost their job, or had their hours cut back and watch their incomes decrease. Many are looking to the fall with a state of fear and disbelief.Many I have talked to over the summer were with their former employer for more than

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-74433998389812052532009-08-13T11:33:00.000-07:002010-06-13T19:32:28.611-07:00

In support of the largest field of athletes in the history of the Kelowna Apple Triathlon (more than 1,500) they are looking to fill more than 1,000 volunteer positions! When you volunteer you will receive the Kelowna Apple Triathlon 2009 Volunteer T-Shirt, and a breakfast or lunch snack provided by Sun Rype, Quality Greens and Deli-City/Bunches Bistro. Once the event is over join your fellow

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-30122175555376805522009-08-11T11:39:00.000-07:002010-06-13T19:34:05.877-07:00

The sun was out, the music was on, and the food smelled fantastic ... once again Mardi Gras came to downtown Kelowna.Although I cannot confirm this, there seemed more booths this year. There was four stages with music, new/used books, clothes and of course my favorite mini donuts. (Check out the pictures below)There even was performers on stilz. Amazing to watch them make their way through the

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-85101889603110837152009-08-07T13:22:00.000-07:002011-04-06T19:41:01.067-07:00

I was waiting to meet some one today at The Cove Lakeside Resort in West Kelowna and it came to me. This is the life ... this working in the Okanagan! Many fly to Mexico for the beaches, sail on cruise ship for the food or travel to South America for the hiking ... and we have all right here. The Cove Lakeside Resort is a private resort, as a strata with about 2/3 thirds of the rooms part of the

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-22702341608854313572009-07-22T11:09:00.000-07:002011-04-06T18:58:32.033-07:00

I know what your thinking ... more choice is better. More choice means lower prices, better services and a made to order life style only dreamed about by our parents. But this doesn't always lead to a better life. Let me prove it you. You get a call from credit card company offering a better rate than any of your current cards. You do your home work, read the fine print and the offer is

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-15836854876693600502009-07-20T20:45:00.000-07:002011-04-06T19:41:01.074-07:00

The markets are in turmoil, debt levels are rising, now the economy is slowing. With less income how do you pay off your credit cards, go on a vacation or retire when you planned? In the fourth part of my series "Renovating Your Financial House" I will be focusing on what you can do improve the income part of your financial house.Control of your income is central to your success ... but when was

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-88152352011972530062009-07-13T13:38:00.000-07:002011-04-06T19:36:02.318-07:00

The markets rise the markets fall ... how can your build savings in an environment like this? Good question.As part 3 of a 4 part series on Renovating Your Financial House we will be focusing on how Build Saving to create a life for you and your family!The solution is not the best mutual fund, investment strategy or tax strategy. This is a great way to sell a product ...but it over looks what it

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-87337462149795077012009-07-05T21:35:00.000-07:002011-04-06T19:41:01.081-07:00

Just last week the Bank of Canada announced household debt is emerging as the the greatest risk to Canada's Financial System! (and so is the risk for the financail well being of families in Kelowna and the Okanagan Valley.)As part 2 of a 4 part series on Renovating Your Financial House we will be focusing on how to deal with debt and eliminating its effect on your families life!(The amazing part

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-76453150773499812682009-07-02T13:51:00.000-07:002009-09-06T19:44:20.436-07:00

More than 35 volunteers brought sponges, buckets and hoses to raise more than 400 hundred dollars toward safety equipment for the 2009 Kelowna Apple Triathlon! A big thank you to the Mohawk 2454 Dobbin Road on Highway 97 West Kelowna and Petro Canada Certiguard Rutland East at 160 Highway 33 East for the use of their premises and access to water, everyone that brought their vehicles to be

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-73448992516800071972009-06-28T19:44:00.000-07:002011-04-06T19:41:01.089-07:00

It was a stroke of genius. Giving a tax credit for home owners to spend money on a new hot tub, bigger kitchen, or renovate the family room. Improve the quality of your living experience and save some taxes along the way!What respectable home owner in Kelowna would want a nicer home? According to some polls more than 50 % of Canadians know about the renovation tax credit and many are going to

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-6926836324884542062009-06-19T12:22:00.001-07:002010-06-13T19:59:14.039-07:00

Sun was out and clubs where swinging at the 2009 OMREB Charity Golf Tournament at Michael Brook Ranch. Realtors, Mortgage Brokers, Lawyers, their friends and families from around Kelowna, West Kelowna and the surrounding Okanagan Valley came together to raise money for The Kelowna Women's Shelter and the Kelowna Hospice. The total raised was almost $4,000! In total 18 teams and almost 100

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-54187418315969751352009-06-11T13:30:00.000-07:002010-06-13T20:00:50.394-07:00

It has happened to all of us. We get called to the bosses office thinking we are going to get complimented on the great job we've done ... only to get a pink slip.What should you do now?First see an employment counselor, then see your financial advisor. Here is some things to discuss ...Update your budget and cash flow. Keep a close eye on how you spend during this time. At times like these it

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-22315005015368452452009-05-26T17:50:00.000-07:002011-04-06T19:41:01.096-07:00

Over the last few months quite a number of families in Kelowna are cutting spending, trimming costs on everyday expenses and eliminating some things all together. But as some are cutting others are making money! The questions is how can you make money ... especially when you don't have any?I was talking to members of the Okanagan Business Referral Group the other day about that very subject. Here

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-38299959264975032332009-05-15T14:26:00.000-07:002011-04-06T19:41:01.103-07:00

What did you do for your mother last weekend? My daughters and I took their mother to Vancouver and we did our best to stimulate the economy. We ate too much, shopped too much and walked too much. Amazing all the best stores and restaurants are just minutes from Skytrain! Much has been said about a coming "Global Recession" and our job as consumers is to spend to save our economy. I had great

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-21176345946855856452009-04-05T19:45:00.000-07:002011-04-06T19:41:01.110-07:00

If you are like most Okanagan Families the coming sunshine this weekend meant only one thing ... cleaning the back yard, raking the yellow grass and digging out all the gardening implements from the storage shed. In sunshine we made our plans for this years harvest of tomatoes, lettuce, beans and green peppers.My thinking ... use hang planters to grow the peppers and tomatoes ... easy to water

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-28228112330714773712009-04-02T10:31:00.000-07:002011-04-02T10:45:51.877-07:00

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-2757366260125102462009-02-26T15:51:00.001-08:002010-06-13T20:15:02.161-07:00

The Okanagan is beautiful place to live ... many are moving here and buying real estate. Do you have mortgage insurance? Check out this article on the advantages of Term Life Insurance over mortgage insurance.Investment Executive01 Jan 2009If you’re looking for grist for the argument that term life insurance provides greater value than the banks’ creditor products, you may find it in the final

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-4828080922732396212009-01-30T12:30:00.000-08:002011-04-06T19:45:48.512-07:00

I have had many requests for more information on the 2009 budget. Below is a link to a slide/audio presentation from Invesco Trimark you might find helpful. Keep in mind to consult with your tax advisor before making any tax planning decisions. "2009 Federal Budget summary with Doug Carroll" authored by Doug Carroll. Its length is 00:08:39. Please use the link below to view the

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-81667821136752096402009-01-29T08:13:00.000-08:002010-06-13T20:32:07.506-07:00

In today’s economic crisis, many families already drowning in debt are now having to deal with excessive penalty fees for everything from missed payments to over‑limit spending. Some card providers are assessing penalty rates as high as 32% for these credit missteps. In fact, it’s estimated credit card providers will collect more than $19 billion in these fees in 2008! (1)Fixed Debt Can Save

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0tag:blogger.com,1999:blog-6593076171931541828.post-9935444510193304012008-12-31T23:04:00.000-08:002011-04-06T19:41:01.117-07:00

According to the February 1,2008 issue of Newsweek, the average household "owes 20 percent more than it makes each year." With the current financial crisis, that percentage may even increase as families go deeper into debt just to maintain their lifestyles.Avoid the revolving consumer debt trap.Most credit card debt is revolving debt. Because of the way interest is calculated on revolving debt,

Mike Hassardhttps://profiles.google.com/107930444284217254921noreply@blogger.com0