No one likes talking about death. But when the inevitable happens, being unprepared can make a hard situation even worse. Especially when it comes to finances and estate planning for families.  We’ve seen time and time again how the sudden loss of a spouse throws families into panic – not just emotionally, but practically. The […]

Money is a big part of everyday life. We earn it, spend it, save it, and sometimes (a lot of times?) stress over it. But there’s a darker side to money… greed. While financial security is important, an excessive desire for wealth can lead to personal and financial pitfalls. Let’s explore what greed really is, […]

Let’s be honest – credit cards in Canada are incredibly handy. Whether it’s covering unexpected expenses, earning travel points, or just keeping things moving when cash is tight, they’ve become a regular part of life for most Canadians. But the flip side? That convenience can easily turn into a mountain of debt if you’re not […]

Debt is a reality for most of us, but understanding how to decrease your debt is crucial for safeguarding your financial future. While the process can seem daunting, adopting effective strategies and making intentional choices can set you on the path to financial freedom. Let’s explore practical methods for how to decrease your debt and […]

It’s exciting (and maybe a little surprising) when kids tell you what they want to be when they grow up. From engineers to mechanics, accountants to artists, their dreams are diverse and ever-changing. As parents, one thing is clear: we want to give our kids the best possible start to their future, no matter what […]

Life can be unpredictable, and when it comes to your health, it’s essential to be prepared. That’s where critical illness insurance comes in—a safety net designed to provide financial support if you’re diagnosed with a serious illness covered by your policy. Think of it as a backup plan that steps in when life throws you […]

As a professional in Canada, managing your financial future can be a complex and daunting task. Whether you’re a doctor, lawyer, engineer, or entrepreneur, you likely face unique financial challenges that go beyond what traditional private banking in Canada offers. While Canadian banks provide a range of services, they often focus solely on basic banking […]

Buying a home is one of the most significant financial commitments you’ll ever make. It’s not just a place to live; it’s an investment in your future. But with such a big investment comes the responsibility of protecting it—and ensuring your family’s financial security in case something happens to you. That’s where comparing Mortgage Insurance […]

Every parent dreams of seeing their child thrive, and financial wellness is often a big part of that vision. You can play a vital role in helping your child achieve this by teaching them about money and making thoughtful investments in their future. From saving for education to securing life insurance, there are many ways […]

At Wealthstack, many of our clients have established themselves comfortably in Canada over the years. They’ve built wealth and are now reaching their retirement and other financial targets with a funding level of more than 120%. This extra buffer provides a sense of security, but it also raises a couple of questions: What comes next? […]

Recently moved to Canada? If you’re not familiar with the nuances of the Canadian investment landscape, you’re not alone! This uncertainty in setting up investment accounts in Canada can lead to costly mistakes in future years, when you need the money most. No one wants to reach retirement to have unknown fees eat away at […]

Managing personal finances effectively can transform your life, reducing stress and paving the way for financial freedom. We all want to achieve our financial goals with peace clarity, don’t we? But how do we get there without feeling frazzled and worn out… At Wealthstack, we recognize the power of seeing all your financial goals, products […]

In a world often driven by materialism and the pursuit of financial gain, it’s easy to lose sight of what true wealth entails. Vincent Heys (Wealthstack Founder) recently made this thought-provoking statement that encourages us all to reconsider the conventional definition of wealth. He emphasized that wealth is not merely measured by the size of […]

Are you a South African living in Canada and wondering about your retirement savings options? Navigating through financial planning in a new country can be daunting, especially when it comes to securing your future. But fret not, as we’re here to shed some light on a few viable paths you can take towards financial wellness […]

Choosing life insurance that is best suited to your budget AND needs can be a daunting task. With a myriad of options available, it’s crucial to understand the key factors that influence your decision. Here are six important considerations to keep in mind when navigating the insurance market. Choosing life insurance that’s right for you: […]

As February unfolds, Canadians are reminded of an essential date looming on the calendar – February 29th. This leap year, the 29th marks the final day to make contributions to your Registered Retirement Savings Plan (RRSP), a critical tool for securing your financial future. Let’s delve into why this date holds such significance and why […]

At Wealthstack we don’t just talk about the financial products you need; we also explore the fundamental principles that underpin financial wellness. We’re committed to making money simple again, including the multifaceted nature of wealth beyond mere monetary terms. In this article, we’re talking about the profound connection between wealth and emotions, acknowledging that financial […]

In our fast-moving world, where quick wins often steal the spotlight, patience can feel like a rare superpower. But let’s break it down – how can wealth possibly be a function of patience? As we explore this, I’ll share some personal struggles with patience and lessons from my dad’s farming days that reveal the true […]

Managing money might seem like a puzzle, but here’s a secret: the sooner you start, the better off you’ll be. Have you ever wondered how some people seem to effortlessly build wealth? It’s all about using a little-known phenomenon called compound growth. Imagine setting yourself up for a more comfortable retirement by simply starting early […]

Canada has recently unveiled the First Home Savings Account, and it’s turning heads for all the right reasons. Designed especially for those aiming to save up for their dream homes, this innovative plan offers some enticing perks. This is the perfect tool to bolster your home savings if you’re a Canadian citizen or permanent residence […]

The idea of ‘Financial Freedom’ has garnered attention and aspiration from people across the world. It is often seen as the ultimate goal for many of us but there seems to be so many roadblocks to your financial freedom along the way, right? While its definition varies from person to person, the essence of financial […]

Many people believe that achieving financial wellness requires significant sums of money, but the truth is that even modest contributions can make a substantial difference over time. In this article, we’ll explore how allocating just $200 per month can help you make significant progress on your financial journey and maximize your financial wellness. By breaking […]

In a world where financial decisions play a pivotal role in shaping our lives, understanding the nuances of good debt vs bad debt is crucial for achieving a secure financial future. For most of us, borrowing money has become an integral part of life – whether it’s to fund higher education, purchase your dream home, […]

In chatting to fellow soccer parents over the summer (can you guess my life stage!?), I realized that many of us spend so much time planning our vacations. Many hours are dedicated to researching and reviewing tourist attractions, restaurants, family friendly spots and so much more. This is a big investment of time and effort […]

Investing can be a complex and intimidating process for many people. But one of the fundamental concepts that can make it more manageable, and rewarding is asset allocation. So, let’s break down the concept of asset allocation into simple terms, explaining its significance, the connection between asset management and risk profiles, and how it can […]

While you can manage your investment portfolio yourself (we break down the pros and cons here), a portfolio manager can take out the guesswork and tailor an investment strategy best fit for you. But it all starts with your Risk Profile – so why is your risk Profile so important? Let’s break it down. No […]

When Spring arrives, the new growth brings fresh hope and we’re often inspired to spring clean our homes, preparing for a fun-filled Summer. At Wealthstack, we believe that your finances need a good spring clean just as much as your home! When you pay careful attention to your financial wellness in this way, you’ll reap […]

Disability insurance gives you peace of mind, especially if you rely on your income to support yourself and your family. Without disability insurance, you may struggle to pay for your basic living expenses, medical bills, and other necessary expenses. It can help to bridge the gap between your lost income and your necessary expenses, providing […]

Ever wondered about critical illness and if YOU need it? What is critical illness insurance? Critical illness insurance is a type of insurance policy that provides financial protection in the event that you are diagnosed with a serious illness. This kind of insurance is becoming increasingly popular as more and more people realize the importance […]

When it comes to spending money, most of us are pretty good at it. We can convince ourselves to splurge on that new TV quicker than we get up in the morning for a gym session, right? While there’s nothing inherently wrong with splurging on the occasional reward for yourself, when you have a misaligned […]

Immigration. The thought can send shudders down one’s spine! All the tiny details and large, looming decisions that must be handled can get overwhelming. And contrary to popular belief, it’s not over when you’re sitting snug on the plane. The real work starts when you’ve got to build, and rebuild, your life in a new […]

If you’re a parent in Canada, you might have heard about an RESP. Before the acronym scares you away, let’s break down what it is, and how you can best maximize it. Read on for our ten quick tips for your Canadian RESP. What is an RESP? RESP stands for Registered Education Savings Plan, and […]

Ah, Pay Day! What a wonderful feeling! The bank account is full, and the month even fuller, with possibilities galore. Let’s not talk about the arid desert between mid-month and the next pay day. It is limitless in its exasperation. You spend hours dawdling on the couch because it costs money to go anywhere, do […]

Do you own or rent your life insurance policy? If you’re not sure or perhaps you don’t even know that you can rent a life insurance policy, then this life insurance low down is for you! We break down the tips and tidbits about life insurance so that you can ace the game and sleep tight knowing you are well covered.

When you’re building a family, the goal is to be unified in dreams and goals – two unique people living alongside one another building one life they both love. Why then, do we tend to separate our financial lives from the rest of the picture we’re painting? Very often couples are living financially separate lives […]

Life Insurance has been around for centuries. It is not a new concept and contrary to its early days, it is not only for the elite! Before the Industrial Revolution life insurance may have been reserved for the ultra-rich and important in society, but today it is a common-sense, wise financial product you need to […]

Warren Buffett believes that ETFs are one of the best and most cost-effective ways of investing for retail investors. And Inukshuk Capital Management invests solely with ETFs for their clients because of years of research, evidence and experience in the field. If these heavy-hitters in the investment space prefer ETFs, it might pay well to […]

Procrastination is the major factor behind the staggering statistic that 55% of Canadians don’t have a Will in place. And while many people will spend hours planning a special event, very few will take the time to leave a legacy, and plan for their mortality.   No one likes facing their own mortality, even less so, […]

Preparing for retirement, and even retirement itself, looks nothing like it did in the 60s or the 80s. Perhaps it’s time to rethink retirement and plan differently as we evaluate what’s changes in the past 60 years.

If you’re dabbling in the world of investing and want to take the next step, grow your investment portfolio and see some real results, we’ve got a path through all the noise. Read on to gain some insights on how or when to involve a fund manager. Do you need a fund manager for your […]

If you need to get from A to B, you’ll buy the right vehicle for the purpose. Maybe a car, or a van for a growing family, perhaps even a motorcycle! It’s the same with investing – you’ve got options, and you can choose the one that suits you and your family best. The four main […]

Financial worries keeping you up at night? What if you could put your money woes to bed and sleep soundly knowing you’re on the right track to financial wellness? You can! By implementing a few healthy financial habits, you’ll change the way you see and spend money. And maybe even change your future. We believe that […]

Wondering how to include cryptocurrency in your investment portfolio? Here’s a synopsis of Bitcoin and a few other cryptocurrencies worth noting. Vincent Heys and Ian de Lange share insights on crypto investing, the history of transacting and how Bitcoin compares to gold.

No one looks after your money better than you, because no one cares about your financial security quite like you do. And even though you’re the best person to take control of your finances, we all need a few nudges in the right direction when it comes to handling our money in the wisest way possible. Vincent and Caren Hays have spent 23 years of marriage working on their financial management as a family and have some great insights to share with you.

We cover the options that are available to you to start investing in Canada to start building your wealth. Understanding the fundamentals to consider when investing is crucial to start on this journey.

Building up your retirement fund as an immigrant might look different, especially if you have emigrated after the age of 40. Your time to accumulate wealth is significantly shortened, even more so if you only have 20 – 30 years to start building wealth (again) in a new country.