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Will your critical illness policy pay for THAT particular cancer? Words Matter – Critical Illness Insurance, Cancer Definitions & What You Need To Know

July 6, 2021

Will your critical illness policy pay for THAT particular cancer? Words Matter – Critical Illness Insurance, Cancer Definitions & What You Need To Know

If a bank, an agent or a broker is selling you a critical illness policy without this definition be very suspicious of their motives. Those who know me know that I am a big believer in (good quality) living benefits insurance. While life insurance is undoubtedly important and essential to managing one’s life and financial […]

Ontario Lawyers Must Read This Before Purchasing Life Insurance

Naoshad Pochkhanawala

July 3, 2021

Ontario Lawyers Must Read This Before Purchasing Life Insurance

I was recently asked to review the Canadian Bar Insurance Association term life insurance plan that if offers to its members. Below is a copy of the memo I wrote about the plan. It isn’t comprehensive and doesn’t compare all of the facets of the plan but it does highlight some of the most egregious […]

Insurance Companies Are Bastards & the Life Agent’s Job as Advocate Quote

Naoshad Pochkhanawala

June 9, 2021

Insurance Companies Are Bastards & the Life Agent’s Job as Advocate Quote

“Look, insurance companies are bastards. It’s not that they’re evil and trying to screw the little guy out of their money. It’s that they are totally, morally, apathetic. The same companies that make some of the best, most beneficial, positively incredible products for the public also sell some of the worst and most predatory products […]

Dickens’ Mr. Micawber Teaches Us About Personal Financial Planning

Naoshad Pochkhanawala

February 7, 2021

Dickens’ Mr. Micawber Teaches Us About Personal Financial Planning

“Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.” In David Copperfield by Charles Dickens (free copy obtainable over here) there exists a wonderful character named Wilkins Micawber. Mr. Micawber, who is said to be modeled on Dickens’ own father, is a […]

Cognitive Bias, Logical Fallacy, and How Brain Shortcuts Cost You Money

Naoshad Pochkhanawala

February 2, 2021

Cognitive Bias, Logical Fallacy, and How Brain Shortcuts Cost You Money

What would you say is the number 1 reason that people don’t achieve their financial goals? What do you think the greatest single threat to financial un-breakability is? It isn’t lack of information. It isn’t lack of motivation. It isn’t lack ability. It isn’t lack of resources. It isn’t the plethora of bad advice out […]

Ten Most Common Wealth Accumulation & Financial Planning Mistakes

Naoshad Pochkhanawala

January 25, 2021

Ten Most Common Wealth Accumulation & Financial Planning Mistakes

If your goal is to be financially unbreakable you want to avoid these 10 common mistakes. Procrastination. This is the biggest money mistake of all – putting off until tomorrow what should have been done yesterday. This is simply financial suicide on the installment plan. Failure to Establish an Overall Structure, Philosophy, or Process for […]

Every take off is optional, every landing is mandatory (Or why math doesn’t always align with real life) – Part 2

Naoshad Pochkhanawala

January 14, 2021

Every take off is optional, every landing is mandatory (Or why math doesn’t always align with real life) – Part 2

This is post 2 of 2 in the series “Every Landing is Mandatory (Or why math doesn't always align with real life)” Every Takeoff is Optional, Every Landing is Mandatory (Or why math doesn’t always align with real life) – Part 1 Every take off is optional, every landing is mandatory (Or why math doesn’t […]

Do I Really Need Life Insurance?

Naoshad Pochkhanawala

January 14, 2021

Do I Really Need Life Insurance?

Here are 9 reasons you should buy life insurance: Replace lost income and guarantee the standard of living for your loved ones should you die too soon. Cover final burial/cremation expenses. Create or cement your legacy (your legacy could involve or be aimed at family, community, charity, church, almost anything that you want to be […]

The Big Four Retirement Planning (Investment) Risk Factors

Naoshad Pochkhanawala

January 13, 2021

The Big Four Retirement Planning (Investment) Risk Factors

When doing retirement and financial planning there four investment risk factors one must be aware of and prepare for. Understanding what these are and how to mitigate them will greatly increase one’s financial certainty and avoid the greatest risk in financial planning: running out of money. Risk of Loss Risk of loss is the risk […]

Sequence of Returns and Why they Matter

Naoshad Pochkhanawala

January 13, 2021

Sequence of Returns and Why they Matter

There are, depending on one’s definition, two or three phases in a person’s financial plan. These are: accumulation preservation decumulation For most of us, we make money, we put it somewhere to grow, and then we use it when we stop working. Markets fluctuate and investments go up and down but, in the end, they […]

Will your critical illness policy pay for THAT particular cancer? Words Matter – Critical Illness Insurance, Cancer Definitions & What You Need To Know

Will your critical illness policy pay for THAT particular cancer? Words Matter – Critical Illness Insurance, Cancer Definitions & What You Need To Know

Ontario Lawyers Must Read This Before Purchasing Life Insurance

Ontario Lawyers Must Read This Before Purchasing Life Insurance

Insurance Companies Are Bastards & the Life Agent’s Job as Advocate Quote

Insurance Companies Are Bastards & the Life Agent’s Job as Advocate Quote

Dickens’ Mr. Micawber Teaches Us About Personal Financial Planning

Dickens’ Mr. Micawber Teaches Us About Personal Financial Planning

Cognitive Bias, Logical Fallacy, and How Brain Shortcuts Cost You Money

Cognitive Bias, Logical Fallacy, and How Brain Shortcuts Cost You Money

Ten Most Common Wealth Accumulation & Financial Planning Mistakes

Ten Most Common Wealth Accumulation & Financial Planning Mistakes

Every take off is optional, every landing is mandatory (Or why math doesn’t always align with real life) – Part 2

Every take off is optional, every landing is mandatory (Or why math doesn’t always align with real life) – Part 2

Do I Really Need Life Insurance?

Do I Really Need Life Insurance?

The Big Four Retirement Planning (Investment) Risk Factors

The Big Four Retirement Planning (Investment) Risk Factors

Sequence of Returns and Why they Matter

Sequence of Returns and Why they Matter

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