Jodie Rhea • Finance

Needs vs Wants ✨️

Why is it important to differentiate?

• Prevents overspending or impulse-buys
• Helps you reach financial goals quicker
• Creates financial stability and flexibility
• You can identify areas you can cut back
• Reduces stress and guilt while spending

Do you consider your needs vs wants while budgeting?

Let me know if you'd like to get started with a financial educator, broker, & insurance agent.

Contact me | .rhea | 📞 604-445-5922

Mindset > Mood 💫

Here's the quote of the day:

"Happiness is a mood. Positivity is a mindset."

Changing your outlook makes it easier to overcome challenges 🙌🏼 Learn to distinguish your negative thoughts, then question them!

Does worrying make the situation better? Or can you come up with an action plan to get through your problems with ease?

Here for your saving & investing needs! 🙋🏽‍♀️

Whether you're just starting out with budgeting, establishing an emergency fund, or saving for a large purchase, I can assist you in achieving high-yield returns on your savings. 💰

I can help keep an eye on your investments and be sure that they are performing well. I'll select the best funds to keep your investment portfolio well-diversified, according to your risk levels! 📈

Feel free to DM me for more information! Or we can sit down, in-person or virtually, for a simple financial needs analysis. See where you can improve on your finances today!

Jodie Rhea | .rhea | Send me a DM 💫

Did you know?

Children can be covered with whole life insurance? This is considered a long-term growing asset, accessible in their adulthood or even as a retirement plan. ✨️

How can this help? You will:

• Be covered for the worst
• Be covered in adulthood
• Be covered in retirement

This plan can be combined with an RESP.

Consider your options today!

I can assist you in covering for your children's future in the best way possible. Contact me, an advisor, and I can help you decide on what best fits your financial situation.

Jodie Rhea | .rhea | 📞 604-445-5922

Happy Life Insurance Awareness Month 🙌🏼

Did you know that a Life Insurance Policy can also serve you within your lifetime? Not only can you leave behind generational wealth for your loved ones, you can also build your cash value long-term, while it's tax-sheltered!

🤍 Protect Your Loved Ones
🤍 Grow Tax-Free Investments
🤍 Withdraw Cash Value
🤍 Take out a Policy Loan
🤍 Or Collateralize a Loan

Follow .rhea to learn more about investments, insurances, and strategies used by the wealthy ✨️

Canada’s Best Savings Accounts 🙌🏼

TFSA (Tax-Free Savings Account)

With a TFSA, your investments can grow without being taxed, and withdrawals are also completely tax-free.

FHSA (First Home Savings Account)

You can save and invest towards your first home, with key benefits; all investment growth and withdrawals are tax-free and contributions are tax-deductible.

RRSP (Registered Retirement Savings Plan)
Save and invest for your retirement, with key benefits; contributions are tax-deductible.

RESP (Registered Educational Savings Plan)
Save and invest

How to Budget for Beginners 🙌🏼

It's important to know your income, expenses, and spending habits. Revisit last month's numbers. Categorize your expenses.

Identify areas where you can save money, reduce unnecessary expenses, and make smarter financial choices.

Cut out unused subscriptions, pay back your high-interest debts and credit cards, then begin putting aside for future goals. ✨️

By prioritizing debt payments, you can accelerate your journey towards financial freedom and break free from debt.

Once you break free from debt, then you should consider putting aside money towards an emergency fund. 💰