Ocean 6 - A New World of Wealth

Website: https://ocean6.ca/

►FOLLOW US ON SOCIAL MEDIA:

Instagram: https://www.instagram.com/ocean6wealthadvisory

► ABOUT OCEAN 6 WEALTH ADVISORY:

At Ocean 6, we love being entrepreneurs. We love coming to work and coming up with new ideas that bring life-changing value to you. Because we don’t just want to make a difference– we want to make a profound difference. We do it by channeling our passion into our unique ideas and process, leading to your one-of-a-kind Blueprint.

How to Effectively Withdraw Money Out of Your Corporation

A big advantage of incorporating is having the flexibility to pay yourself a salary or dividends. We recommend paying yourself dividends to help reduce the personal income tax. You also don’t have to pay into CPP and can leave that extra money in your corporation to invest as you like.

Now, this raises the question, how do you get all the money out of the corporation effectively after building up assets for 10-20 years?

The strategies will differ based on your unique financial situation, but the four things you’ll want to consider are:

Continuing to drip out dividends each year.
Lowering your corporate tax using the Refundable Dividend Tax on Hand concept.
Using the Capital Dividend Account to withdraw cash out of your corporation tax-free.
Making the most of leveraging strategies to build your wealth

► VISIT OUR WEBSITE:

Website: https://ocean6.ca/

► ADDITIONAL RESOURCES:

Financial Scorecard (Free Worksheet): https://ocean6.ca/scorecard

►FOLLOW US ON SOCIAL MEDIA:

Instagram: https://www.instagram.com/ocean6wealthadvisory

► ABOUT OCEAN 6 WEALTH ADVISORY:

At Ocean 6, we love being entrepreneurs. We love coming to work and coming up with new ideas that bring life-changing value to you. Because we don’t just want to make a difference– we want to make a profound difference. We do it by channeling our passion into our unique ideas and process, leading to your one-of-a-kind Blueprint.

Variable Rate Mortgages in Times of Uncertainty

With interest rates rising, let’s talk about variable rate mortgages.

Whether you have a variable rate mortgage yourself or you're simply interested in learning more about it, this podcast will be of value to you.

► VISIT OUR WEBSITE:

Website: https://ocean6.ca/

► ADDITIONAL RESOURCES:

Financial Scorecard (Free Worksheet): https://ocean6.ca/scorecard

►FOLLOW US ON SOCIAL MEDIA:

Instagram: https://www.instagram.com/ocean6wealthadvisory

► ABOUT OCEAN 6 WEALTH ADVISORY:

At Ocean 6, we love being entrepreneurs. We love coming to work and coming up with new ideas that bring life-changing value to you. Because we don’t just want to make a difference– we want to make a profound difference. We do it by channeling our passion into our unique ideas and process, leading to your one-of-a-kind Blueprint.

How to Protect Your Biggest Asset

The biggest asset we own is not our home or business but the ability to continue working and earning an income.

Having an illness like cancer, a heart attack, or a stroke can seriously affect your finances. This is why it’s important to consider Critical Illness Insurance (CI) and have protective measures in place for you and your family.

As a business owner, you have many ways to structure your CI. You can own it as Personal Term Insurance, Permanent Personal Insurance, Corporately-Owned Term Insurance, or Corporately-Owned Permanent Insurance.

Let's find out which one is right for you.

► VISIT OUR WEBSITE:

Website: https://ocean6.ca/

► ADDITIONAL RESOURCES:

Financial Scorecard (Free Worksheet): https://ocean6.ca/scorecard

►FOLLOW US ON SOCIAL MEDIA:

Instagram: https://www.instagram.com/ocean6wealthadvisory

► ABOUT OCEAN 6 WEALTH ADVISORY:

At Ocean 6, we love being entrepreneurs. We love coming to work and coming up with new ideas that bring life-changing value to you. Because we don’t just want to make a difference– we want to make a profound difference. We do it by channeling our passion into our unique ideas and process, leading to your one-of-a-kind Blueprint.

A Guide to Car Ownership for Business Owners

Car ownership is a big investment. There are many directions you can take as a business owner when it comes to owning a car.

Whether it’s leasing vs. financing the car or owning the car personally vs. corporately, here’s what you need to know to educate yourself better when buying a new car.

► VISIT OUR WEBSITE:

Website: https://ocean6.ca/

► ADDITIONAL RESOURCES:

Financial Scorecard (Free Worksheet): https://ocean6.ca/scorecard

►FOLLOW US ON SOCIAL MEDIA:

Instagram: https://www.instagram.com/ocean6wealthadvisory

► ABOUT OCEAN 6 WEALTH ADVISORY:

At Ocean 6, we love being entrepreneurs. We love coming to work and coming up with new ideas that bring life-changing value to you. Because we don’t just want to make a difference– we want to make a profound difference. We do it by channeling our passion into our unique ideas and process, leading to your one-of-a-kind Blueprint.

The Opportunities You Open Up by Incorporating

Whether you’re incorporated or not, it’s easy to overlook the benefits that come with owning a corporation.

Incorporating opens up innovative tax-saving opportunities. If you plan to build a long-term, growing business, then incorporating your business will often pay off.

I will guide you through the complicated maze of owning a business and share four ways your business can thrive when incorporated.

► VISIT OUR WEBSITE:

Website: https://ocean6.ca/

► ADDITIONAL RESOURCES:

Financial Scorecard (Free Worksheet): https://ocean6.ca/scorecard

►FOLLOW US ON SOCIAL MEDIA:

Instagram: https://www.instagram.com/ocean6wealthadvisory

► ABOUT OCEAN 6 WEALTH ADVISORY:

At Ocean 6, we love being entrepreneurs. We love coming to work and coming up with new ideas that bring life-changing value to you. Because we don’t just want to make a difference– we want to make a profound difference. We do it by channeling our passion into our unique ideas and process, leading to your one-of-a-kind Blueprint.

The Missing Gap in the Financial Industry

There’s a big disconnect between what the Canadian financial industry offers and what clients are looking for.

More and more business owners are looking for guidance and coaching on the complexities of their finances. They want someone trustworthy to rely on whenever they have financial questions.

Here’s what you can look out for if you want transparent and unbiased advice.

► VISIT OUR WEBSITE:

Website: https://ocean6.ca/

► ADDITIONAL RESOURCES:

Financial Scorecard (Free Worksheet): https://ocean6.ca/scorecard

►FOLLOW US ON SOCIAL MEDIA:

Instagram: https://www.instagram.com/ocean6wealthadvisory

► ABOUT OCEAN 6 WEALTH ADVISORY:

At Ocean 6, we love being entrepreneurs. We love coming to work and coming up with new ideas that bring life-changing value to you. Because we don’t just want to make a difference– we want to make a profound difference. We do it by channeling our passion into our unique ideas and process, leading to your one-of-a-kind Blueprint.

Salary vs. Dividends: Which is Right for You?

The age-old question that most business owners ask themselves: “Should I pay myself a salary or dividends?”

To help you decide which option is the best-suited source of income for you, I'll be discussing CPP, RSP contribution, government grants, and taxes. Let’s get right into unpacking the key differences between paying yourself a salary or dividends.

► VISIT OUR WEBSITE:

Website: https://ocean6.ca/

► ADDITIONAL RESOURCES:

Financial Scorecard (Free Worksheet): https://ocean6.ca/scorecard

►FOLLOW US ON SOCIAL MEDIA:

Instagram: https://www.instagram.com/ocean6wealthadvisory

► ABOUT OCEAN 6 WEALTH ADVISORY:

At Ocean 6, we love being entrepreneurs. We love coming to work and coming up with new ideas that bring life-changing value to you. Because we don’t just want to make a difference– we want to make a profound difference. We do it by channeling our passion into our unique ideas and process, leading to your one-of-a-kind Blueprint.

The Ultimate guide to Setting Successful Goals

If you don’t know where you’re going, how will you get there? The same goes for your goals.

One of the things I have attributed to my success is setting goals starting with the end. This means thinking about your goals backward—what do you ultimately want to achieve? Once that’s locked in, you will not easily falter because you know exactly what that end goal is.

► VISIT OUR WEBSITE:

Website: https://ocean6.ca/

► ADDITIONAL RESOURCES:

Financial Scorecard (Free Worksheet): https://ocean6.ca/scorecard

►FOLLOW US ON SOCIAL MEDIA:

Instagram: https://www.instagram.com/ocean6wealthadvisory

► ABOUT OCEAN 6 WEALTH ADVISORY:

At Ocean 6, we love being entrepreneurs. We love coming to work and coming up with new ideas that bring life-changing value to you. Because we don’t just want to make a difference– we want to make a profound difference. We do it by channeling our passion into our unique ideas and process, leading to your one-of-a-kind Blueprint.

3 Must Dos to 10x Your Business & Income

Growing my business is one of the top joys in my life but it requires some hard work to achieve these big dreams. Here are 3 must-dos to 10x your business and your income. These 3 seemingly little actions will have ripples of effect in your life. I live by these actions every day to ensure I get to my 10x.

► VISIT OUR WEBSITE:

Website: https://ocean6.ca/

► ADDITIONAL RESOURCES:

Financial Scorecard (Free Worksheet): https://ocean6.ca/scorecard

►FOLLOW US ON SOCIAL MEDIA:

Instagram: https://www.instagram.com/ocean6wealthadvisory

► ABOUT OCEAN 6 WEALTH ADVISORY:

At Ocean 6, we love being entrepreneurs. We love coming to work, and we love coming up with new ideas of life-changing value for you, our clients. Because we don’t just want to make a difference – for the world, for you – we want to make a profound difference. We do it by channeling our passion into our unique ideas and process, leading to your one-of-a-kind Blueprint.

3 Ways to Save on Hidden Mortgage Costs

For most of us we never took time to understand our mortgages because buying our first home was really the most important thing at that time. Since school never really taught us and the rapid changes of the financial industry, it is important to have a trusted team of professionals to show you how to avoid the common pitfalls and pay too much in interests & fees. I share with you a client success story & 3 ways you can save on your mortgages.

► VISIT OUR WEBSITE:

Website: https://ocean6.ca/

► ADDITIONAL RESOURCES:

Financial Scorecard (Free Worksheet): https://ocean6.ca/scorecard

►FOLLOW US ON SOCIAL MEDIA:

Instagram: https://www.instagram.com/ocean6wealthadvisory

► ABOUT OCEAN 6 WEALTH ADVISORY:

At Ocean 6, we love being entrepreneurs. We love coming to work, and we love coming up with new ideas of life-changing value for you, our clients. Because we don’t just want to make a difference – for the world, for you – we want to make a profound difference. We do it by channeling our passion into our unique ideas and process, leading to your one-of-a-kind Blueprint.

3 Things for a Winning Debt Strategy

The 3 things you want to pay attention to having a winning debt strategy. Debts can be a very powerful wealth creation tool when done properly. However, when we compartmentalize our finances it is easy to let debt get ahead of us and we stop taking advantage of our debt strategies. Listen to this podcast for stories and tips for you to create your own winning debt strategy.

► VISIT OUR WEBSITE:

Website: https://ocean6.ca/

► ADDITIONAL RESOURCES:

Financial Scorecard (Free Worksheet): https://ocean6.ca/scorecard

►FOLLOW US ON SOCIAL MEDIA:

Instagram: https://www.instagram.com/ocean6wealthadvisory

► ABOUT OCEAN 6 WEALTH ADVISORY:

At Ocean 6, we love being entrepreneurs. We love coming to work, and we love coming up with new ideas of life-changing value for you, our clients. Because we don’t just want to make a difference – for the world, for you – we want to make a profound difference. We do it by channeling our passion into our unique ideas and process, leading to your one-of-a-kind Blueprint.

How to Position Bitcoin and Cryptocurrencies in Your Portfolio

How should you position Bitcoin and Cryptocurrencies in your portfolio?

Needless to say, this has been a very trendy topic and in this episode, I dive into the guidelines and questions I use when talking to clients about this type of investment. I am by no means a cryptocurrency expert but I explore how you should think about these types of trendy investments in the future as well.

► VISIT OUR WEBSITE:

Website: https://ocean6.ca/

► ADDITIONAL RESOURCES:

Financial Scorecard (Free Worksheet): https://ocean6.ca/scorecard

►FOLLOW US ON SOCIAL MEDIA:

Instagram: https://www.instagram.com/ocean6wealthadvisory

► ABOUT OCEAN 6 WEALTH ADVISORY:

At Ocean 6, we love being entrepreneurs. We love coming to work, and we love coming up with new ideas of life-changing value for you, our clients. Because we don’t just want to make a difference – for the world, for you – we want to make a profound difference. We do it by channeling our passion into our unique ideas and process, leading to your one-of-a-kind Blueprint.

Reaching Financial Freedom Not Retirement

Typically most advisors will ask the client, when do they want to retire?

The entrepreneurs will always respond with; "I never want to fully stop, I just want to slow down and work as much or as little as I want."
Finding Financial Freedom is the ultimate goal for most people and I share in this episode the 3 keys things you want to sort out to find your financial freedom.

► VISIT OUR WEBSITE:

Website: https://ocean6.ca/

► ADDITIONAL RESOURCES:

Financial Scorecard (Free Worksheet): https://ocean6.ca/scorecard

►FOLLOW US ON SOCIAL MEDIA:

Instagram: https://www.instagram.com/ocean6wealthadvisory

► ABOUT OCEAN 6 WEALTH ADVISORY:

At Ocean 6, we love being entrepreneurs. We love coming to work, and we love coming up with new ideas of life-changing value for you, our clients. Because we don’t just want to make a difference – for the world, for you – we want to make a profound difference. We do it by channeling our passion into our unique ideas and process, leading to your one-of-a-kind Blueprint.

The Most Expensive Advice is Free Advice

FREE Advice is never truly free. You just don't know what the cost to you is yet.

In this episode, I explore the ways Canadian Financial advisors get paid and why "free" advice is never truly free.

Not all financial advisors are the same, what type of financial advisor is the best fit for you? Listen to find out more.

► VISIT OUR WEBSITE:

Website: https://ocean6.ca/

► ADDITIONAL RESOURCES:

Financial Scorecard (Free Worksheet): https://ocean6.ca/scorecard

►FOLLOW US ON SOCIAL MEDIA:

Instagram: https://www.instagram.com/ocean6wealthadvisory

► ABOUT OCEAN 6 WEALTH ADVISORY:

At Ocean 6, we love being entrepreneurs. We love coming to work, and we love coming up with new ideas of life-changing value for you, our clients. Because we don’t just want to make a difference – for the world, for you – we want to make a profound difference. We do it by channeling our passion into our unique ideas and process, leading to your one-of-a-kind Blueprint.

Are You Giving Away Half of Your Retirement?

The first 60 days of the year are always a scramble, as we try to get our last-minute RRSP contributions in.

I share some thoughts, stories, and ideas about whether or a successful business owner should buy RRSP for their retirement. Retirement can be confusing and while it is always important to think about your taxes today, it is equally important to recognize what your future taxes may look like.

RRSP is not the only retirement tool you can consider for your retirement needs. Listen to this episode to find out if this is for you.

► VISIT OUR WEBSITE:

Website: https://ocean6.ca/

► ADDITIONAL RESOURCES:

Financial Scorecard (Free Worksheet): https://ocean6.ca/scorecard

►FOLLOW US ON SOCIAL MEDIA:

Instagram: https://www.instagram.com/ocean6wealthadvisory

At Ocean 6, we love being entrepreneurs. We love coming to work, and we love coming up with new ideas of life-changing value for you, our clients. Because we don’t just want to make a difference – for the world, for you – we want to make a profound difference. We do it by channeling our passion into our unique ideas and process, leading to your one-of-a-kind Blueprint.

To Fix or Not to Fix

How to effectively structure your mortgage to beat the banks and why locking your mortgage rate may not be the best solution.

Listen in as we explain how business owners can cleverly use their corporation to create the ideal mortgage structure so that they are the ones winning.

► VISIT OUR WEBSITE:

Website: https://ocean6.ca/

► ADDITIONAL RESOURCES:

Financial Scorecard (Free Worksheet): https://ocean6.ca/scorecard

►FOLLOW US ON SOCIAL MEDIA:

Instagram: https://www.instagram.com/ocean6wealthadvisory

► ABOUT OCEAN 6 WEALTH ADVISORY:

At Ocean 6, we love being entrepreneurs. We love coming to work, and we love coming up with new ideas of life-changing value for you, our clients. Because we don’t just want to make a difference – for the world, for you – we want to make a profound difference. We do it by channeling our passion into our unique ideas and process, leading to your one-of-a-kind Blueprint.

New Years, New Plans

Budgets do not work! They are the same as fitness challenges or diets. In the beginning we see results, but eventually we end up going back to our old lifestyle and habits. They don't have a long-lasting effect.

Tune in to this episode to find out why you should swap your budget for an effective cashflow plan.

► VISIT OUR WEBSITE:

Website: https://ocean6.ca/

► ADDITIONAL RESOURCES:

Financial Scorecard (Free Worksheet): https://ocean6.ca/scorecard

►FOLLOW US ON SOCIAL MEDIA:

Instagram: https://www.instagram.com/ocean6wealthadvisory

► ABOUT OCEAN 6 WEALTH ADVISORY:

At Ocean 6, we love being entrepreneurs. We love coming to work, and we love coming up with new ideas of life-changing value for you, our clients. Because we don’t just want to make a difference – for the world, for you – we want to make a profound difference. We do it by channeling our passion into our unique ideas and process, leading to your one-of-a-kind Blueprint.

Planning with Purpose

How do you know if you’re there if you don't know where you are going?

Your goals are your compass in your financial journey, they keep you on track. That’s why getting clear about your dream life is the first step in building a successful financial plan.

Jump into this episode for plenty of tools and tips to you get excited about the future you.

► VISIT OUR WEBSITE:

Website: https://ocean6.ca/

► ADDITIONAL RESOURCES:

Financial Scorecard (Free Worksheet): https://ocean6.ca/scorecard

►FOLLOW US ON SOCIAL MEDIA: