Nolan Rattai

Budget, Goals, and an Emergency Fund!

These may be typical and boring, but are imperative to consistently improve our life financially!

A big cheers to enjoying this holiday season without setting ourselves back financially 🎁😎💰

Give these a read !!

Pay yourself first! Simply save/invest 10% of your income on payday. 💵

You won’t even notice this money is gone. People naturally tend to spend what they see in their checking account. If that 10% of your income isn’t there you won’t spend it 😏

#10%rule 💵

The main purpose of an RRSP is to defer tax and save for retirement. Although they can be a very powerful financial tool, I wouldn’t recommend them to everyone.

They are most beneficial for those currently in a high tax bracket.

If you are in a lower tax bracket focus on maxing out your TFSA first. Your likely to have a similar tax burden in retirement and a TFSA is a lot more flexible.

Shoot me a message if you have any questions about the RRSP.

Your car broke down, and not worth fixing? So you have to buy a vehicle now? 😱

Thank goodness for your EMERGENCY FUND!!! Your investments can keep compounding interest 😏