Want To Find At Least $500 You Didn't Know You Have?

Enter Your Name & Email Below.

 

Your mortgage, home ownership, debts, income, investments, property, children and future plans are not separate topics …
at CleveDoesMore we consider them to be crucially interconnected parts of your overall financial life.

Need Economic
or Pandemic Cure?

Economists have declared that Canada is in a recession. More than 1 million jobs were lost and the economy contracted by more than 9% in just one month’s time.  Despite reopening efforts & plans, it seems certain that Canadian economic troubles will continue.

But you can develop economic self reliance!

Normally a country is said to be in recession when the economy slows down for at least two consecutive quarters; however, because of historic job loss and reduced economic activity (Gross Domestic Product-GDP) in March, the government declared a recession in only one month.

 

Many blame COVID-19 alone for the economic downturn. There has been virtual silence about the historic drop in oil prices. COVID-19, without question, had an unprecedented impact on the economy. But it’s not the only culprit. Now the government is set to open up businesses again even though we don’t have enough tests or a cure for the virus. Our economic troubles will continue. Who will pay the ultimate price for this untimely decision? ORDINARY CANADIANS OF COURSE!

Meet Julie

Julie, like so many other Canadians, recently found herself facing fears about the financial unknown. She had been largely coasting along financially, without any contingency plan or worry that a worldwide pandemic may disrupt her flow of income, and give her need to re-evaluate her entire economic thought process.  Instead of falling prey to the problem, though, Julie decided to take control of her own destiny and began taking steps toward developing economic self reliance.  Do you find yourself in the same situation as Julie, and wonder what to do?

Here are some strategies for securing your own finances:

#1

Reinvent Yourself

Restaurants, believe it or not, have been the hardest hit during the COVID lock-down. Over 800,000 jobs were lost. How many have died because they were unable to visit restaurants?

Absolutely none! Many of these jobs will not come back, forcing people to find work elsewhere. If that’s you, take stock of your skills now and up your game to find employment in other industries, especially those that allow you to work from home. Update your resume and your LinkedIn profile today.

#2

Save Your Health and Your Money

We now understand essential expenses. For weeks, you’ve only spent money on food, shelter, and health. Going back into crowded restaurants and shopping malls may not seem so essential. I know for a fact that during the COVID shutdown, you were able to save more money than you ever thought possible. Use this information to build a budget.

A household
budget formula that’s been proven time and time again is to spend about 50% of your after-tax income on essential needs (housing, groceries, medicine) and about 40% on discretionary wants (entertainment, dining out). The remaining 20% goes into savings and investments. People who have financial plans are less likely to dip into savings or mindlessly spend money.

#3

Understand that Debt is the Real Silent Killer

If you have struggled to get ahead financially, check your credit history. More than likely you haven’t paid off your debt and are paying as much as 20% in interest every month. Of course, some have the smarts to limit credit purchases to an amount they can pay each month. But the banks know this discipline is rare, so they give teaser rates to get cards in your wallets.

Social distancing has been the cure for COVID.
Freezing your credit card spending is the cure for eradicating debt. Whenever my cards are out of control (meaning I can’t pay them off each month) I call my bank and get a new card. I freeze the old one in a cup. YES, put it in the darn freezer! This forces me to cancel all automatic subscriptions and stop unconsciously shopping online. The bleeding stops immediately.

#4

Since Markets are Down, Make Your Money Work

The stock market tanked over recent months. This created opportunities to buy stocks at discounted prices. Investors who take advantage of low prices during a recession often reap benefits when the economy improves.

Now, before you run off and start buying stocks, please make sure you’re not carrying ridiculous 
debt. Instead invest in your real savings, the money you put aside for the future

Up your financial education game
so you aren’t blindly investing.

If you’re investing in tax-free savings accounts (TFSAs), you may be getting 0% returns. Inflation often wipes out the returns the bank gives. You need to conduct a proper risk assessment and invest to hedge against inflation at least.

 

Follow these tips and you’ll emerge stronger than ever

Another way that Julie made a change in her finances was by partnering with CleveDoesMore to almost instantly improve her cashflow.  One quick phone call was all it took for Julie to find out that she could locate money she didn’t even know she had.

The $500 Fix
is a time tested program that will help you find money too. The process requires only a call with CleveDoesMore and a short consultation, and then our team will be able to get to work helping you locate money you didn’t even know was available to you.

Thanks for reading!

© Copyright 2018 Cleve DeSouza, Matrix Mortgage Global, Brokerage Lic# 11108