Balance

Bookkeeping
Tax Preparation
Business Services

Lost money:

A local businessman was having trouble filing government forms on time - to the tune of about $10,000.00 in penalties and interest over the last few years. I went over everything, got him up to date and on time. No more penalties!!!

Found money:

Another fellow had a part-time business that his old accountant said "wasn't worth claiming". I filed it for him for the past 2 years and got him back over $10,000.00.

Value of money:

If either of these two gentlemen had taken their $10,000 and invested it at 10% compounded monthly for 25 years, they could've had $120,569. If they had added $100/month, they could've had $253,253. An extra $325 bi-weekly would've made them millionaires with $1,056,974. But wait, you don't have $10,000? How about $1000? If you start at age 25 with $1000 and add just $200/month at 10% compounded monthly, when you turn 65 you will have $1,318,516!!! That's the magic of compound interest working for you!

Investing

The absolute most important thing you can do for your financial future is to Pay Yourself First!

Set up an automatic withdrawal from your bank account every payday, even it's only a small amount. Do it this way and you will not notice it. Put it into a tax free savings account up to $5000 per year and save the tax. Or, put it into an RRSP to increase your tax refund, giving you more to invest. There are many, many choices about where to invest and I will leave that expertise up to an investment councillor. All I'm saying is, get started now. It doesn't have to be painful. You can still budget for things you want to do and have now. Just make sure you pay yourself first!

Great, so where do you find and extra $1000 to start or an extra $200 every month to invest?

You need found money. I can help you with that. That's what I do. That's my area of expertise. Whether it's a tax refund, re-structuring debt, helping you find 'extra' money in your budget each month, or coming up with new ideas to make more money, I'm here to help. Listen carefully:

"The very best and most rewarding part of my job is finding money for you!"

Picture yourself telling someone they're getting an extra $2000 back on their income tax because of a deduction you found for them. Or $5000 or even $10,000! It's like telling someone they've won the lottery and I get to do it all the time!

So call me and let's see where we can find some for you.

Follow this link to find out how your money can grow: https://www.citizensbank.ca/Personal/Calculators/Savings/

 

Jackie Recoskie - 343-644-1010 - info@BalanceFinancial.ca

DEBT