Episode 240: Index Fund Investing: Growth Strategy or Income Strategy?

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Is index fund investing really the best path to financial freedom — or is it only effective if you can survive the emotional rollercoaster that comes with it?

Most investors are told the same advice: buy the market, hold for decades, and trust long-term averages. And yes… mathematically, it works. But the real question is: can you stick with it when the market drops 20%? Or when you’re retired and withdrawing income during a downturn?

In this episode of Canadian Wealth Secrets, Kyle Pearce and Jon Orr break down a powerful question many Canadians overlook:

Index Fund Investing: Growth Strategy or Income Strategy?

They explore why index funds feel simple on paper, why real estate often feels “safer,” and how the best portfolio isn’t just the one with the highest average return — it’s the one you can actually stay committed to.

This conversation dives into:

• The real reason many investors abandon index funds during market volatility

• Index fund vs real estate: why real estate feels more stable (even when it isn’t)

• How an income investing strategy can reduce emotional decision-making

• Why leveraged investing in Canada looks great in spreadsheets but feels scary in real life

• What the 4 percent rule in Canada misses when markets decline during retirement

• How to think about diversification, “dry powder,” and building a portfolio that supports long-term income needs
  

If you’ve ever wondered whether your RRSP, TFSA, or corporate investments are built for true financial freedom — or just built for average returns — this episode will shift the way you think about investing.

🎧 Press play now to learn how to build a wealth strategy you can stick with through good markets, bad markets, and everything in between.

Resources:

• Ready to take a deep dive and learn how to generate personal tax free cash flow from your corporation? Enroll in our FREE masterclass here. 
• Book a Discovery Call with Kyle to review your corporate (or personal) wealth strategy to help you overcome your current struggle and take the next step in your Canadian Wealth Building Journey!
• Discover which phase of wealth creation you are in. Take our quick assessment and you’ll receive a custom wealth-building pathway that matches your phase and learn our CRA compliant tax optimized strategies. Take that assessment here.
• Dig into our Ultimate Investment Book List
• Follow/Connect with us on social media for daily posts and conversations about business, finance, and investment on LinkedIn, Instagram, Facebook [Kyle’s Profile, Our Business Page], TikTok and TwitterX.
  

Calling All Canadian Incorporated Business Owners & Investors:

Consider reaching out to Kyle if you’ve been…

• …taking a salary with a goal of stuffing RRSPs;
• …investing inside your corporation without a passive income tax minimization strategy;
• …letting a large sum of liquid assets sit in low interest earning savings accounts;
• …investing corporate dollars into GICs, dividend stocks/funds, or other investments attracting cordporate passive income taxes at greater than 50%; or,
• …wondering whether your current corporate wealth management strategy is optimal for your specific situation.

Building an investment portfolio that actually leads to financial freedom in Canada requires more than simply buying index funds and hoping the stock market averages hold — it requires habit formation, emotional investing awareness, and a sustainable strategy you can stick with through volatility. A strong Canadian wealth plan blends real estate investing in Canada, tax-efficient investing, and thoughtful leveraging investments with structured financial buckets that separate growth, income, and liquidity. Whether you’re a business owner optimizing salary vs dividends in Canada, focusing on RRSP optimization, implementing corporate wealth planning, or refining personal vs corporate tax planning, the key is aligning your investment bucket strategy with your long-term financial vision setting. From passive income planning and capital gains strategy to estate planning in Canada and corporate structure optimization, wealth building strategies in Canada must balance risk, diversification, and sustainability. When done properly, financial systems for entrepreneurs, business owner tax savings, and retirement planning tools all work together to support early retirement strategy, modest lifestyle wealth, legacy planning in Canada, and ultimately building long-term wealth and financial independence in Canada.

Transcript:

Jon Orr: Okay, so this is something that we are constantly thinking about and constantly deciding. I think we’re gonna share some insights into how we’ve made some decisions around investments in our portfolios and how we think about those portfolios. And again, this is just us to share that with you because we love thinking about this and it’s important for us to kind of hash it out and for us to talk about it here is a way for us to kind of brainstorm together.

So let’s kind of share the scenario here to kind of like help us think because I think I guess I’ll start with like when you think about your designing your portfolio and I think that’s where we want to talk to the folks that are saying like look I’m after the most, I’m looking at gaining my portfolio, building my portfolio up so that I eventually hit financially freedom number, whether you call that retirement, whether you call it like I’ve just got covering my expenses and I can live and decide on how I wanna live my life.

Like we’re all shooting for that. And I think we have constantly listened to podcasts like this, because we’re all trying to figure out what’s the best move. And you know that there are many people and we’ve said it here lots of times is that there is the strategy of like, let’s just follow the index fund, the S &P 500 index fund, and if we can just keep hammering towards that, we will be better off in the long term.

And you will, you will, hopefully. And sometimes it may not be the case, depending on sequence of returns or when that happens to be, but if you’re like, at the long enough time horizon, you’ll be fine. And I think like that’s what most people think about.

Like I was reading, I shared this on previous episodes, I was reading A Simple Path to Wealth by J.L. Collins. I think it’s right there, J.L. Collins. And he’s like, the whole book is basically saying, go and pick a Vanguard index fund, a whole index across, yeah. And he’s like, all you gotta do is that’s where your money’s gonna live.

That makes sense. Like he’s got the stats to say like over time, you’re going to be better off than trying to pick your own or have managed or or all of those things. Great. Great.

The problem that we want to talk about here, because this is the thing that we battle with, is trying to create the habit. And if you follow his path, you’re like, okay, I will do this for 30 years, 40 years. But I have to stick with the habit is the key.

He doesn’t really say that in that book, but he’s kind of says it. But what happens is like, when you ride that out, because you’re going to have the down years, you know, can you stick with the habit? And that’s the important part that I think we really want to stress to discuss here is how do you stick with the habit when it’s emotionally hard when you’re seeing your portfolio decline year to year or you get to retirement and you’re withdrawing money and making your portfolio decrease because you’re living on that and it’s going to go down to year to year.

Now you’re going like, what habit can I stick to? So he’s saying, your investment portfolio into that one thing and ride it out, you’ll be fine. But when those downs come, are you gonna abandon that strategy or are you gonna switch strategies to something else?

How do you stick with the habit? And again, when you get to that retirement, he’s like saying, just pull 4%. Like if you just pull 4 % every year, but he’s like, but wait, in those down years, don’t pull 4%. Try to make sure that maybe you can adjust. Maybe you can pull five or 6 % in the up years. We talked about the 4 % rule in a previous episode as well and that same idea.

But do you want to be in that? Because it’s about the habit that makes you long-term successful. So today we just want to figure out what we’re battling with because we want to make sure how do we create the habits that will last long-term.

Kyle Pearce: Yeah. And you know, something that’s really interesting is no matter what choices we make as investors, this is all of us down the road, you’re going to only see your own pile and you’re not going to get to quite like compare it to the pile you would have had if you did something different.

Like you can look though at parts of your pile and you could be like, well, if I put more on the S and P 500, I would have been better. Or if I bought more real estate in Toronto during the nineties, you know, or what like.

But this is the hardest part. And that’s not the only book that advocates this idea. There’s many of them out there, right? Like Ramit Sethi, he focuses on index investing as well. Psychology of Money, the big message in that book is the same idea. It’s like, hey, just do it and live your life and don’t worry about it, which is fantastic.

I think it’s great advice, probably for everyone not listening to this show. Cause if you are listening to this show, you’re probably more like us and you’re more looking to better understand the investments we’re making understanding, like what would happen when blank, you know, like, so I know certain investments are volatile, but like if this, then that, like, this is what we’re always trying to figure out.

And the biggest and hardest challenges I find too, they’re very similar issues that we have for we’ll call it Canadians trying to make ends meet as well as those Canadians who are successful. And it’s a volume issue. The volume of money going into investments is a struggle.

So if it’s a Canadian who is struggling with cashflow in general, they just don’t have access to the cash in order to make the investment. But if they did, there’s a fear that if I put it over here, what if I need it next month or next year or whenever for emergencies or anything like that, that may, you know, may be an issue.

On the other hand, when we look at successful Canadians, like many people who are listening to this show are either new on their journey and will become successful Canadians because you know, they’re they’re doing all the right things they’re doing the learning or you’ve already built something through your investments through your business through whatever it is you’re doing and you’re looking to optimize the challenge on that side is that there’s usually a lot of money sort of sitting and waiting because of the same challenge that the struggling Canadian has, which is, am I putting this in the right spot?

Will I need it back? What if there’s a better opportunity? Like all of this sort of challenge we have the analysis paralysis that we have, it causes us to have huge struggles.

And I’m going to argue that for the vast majority of homeowners in Canada, most are not utilizing leverage strategies for a very similar reason, right? Like, and probably amplified even further, right? Because leveraged investing brings on additional risk and that fear actually goes up.

Even though we can look at all the spreadsheets and we can say leveraged investing does make sense if we stick to it long enough, like you said, and we don’t get irrational and behavioral bonehead moves as I like to call it.

But the problem is with those is that the vast majority of us can’t actually guarantee that those two things will not happen, especially when times get tough.

Jon Orr: So how do we think about this? You know, like, how do we, how do we think about like, yes, times are going to get tough. How do we battle through and continue the habit, whether I am using leverage for investment or not leverage for investment? Like, what are the important principles we want to think about to help us create this type of strategy?

Because I think you want to create what is the habitual thing you can do over 30 years and not get shaken. So how can we make that?

Kyle Pearce: The shaken piece is the toughest part because it’s hard to know how we’re going to feel or react or respond when things are tough, right? Like it’s easy ahead of time. Like if this happens, I’m just going to back up the truck and I’m going to put more money in because that’s what rationally we should do. And the reality is the very opposite typically happens.

So how do we do this? I think it really starts with actually understanding yourself and what you’re currently struggling with like when you’re about or want to make certain investments, what’s holding you back from that investment?

You know, so whether it’s leveraged, whether it’s not leveraged, you have to sort of get to know yourself.

And I, you know, the more I reflect and the more we record this podcast, the more we learn about ourselves. And what I can say is this back when I started investing in real estate, the reason that I’m now recognizing, like I did not trust paper assets.

Like I did not trust that money that goes into the market is my money or that it’s going to be there or like that it’s not just going to disappear.

And that’s probably based on my own experiences. I’ve mentioned on the show before my mother used to work at a big telephone company here that had a spin-off company called Nortel at one point in time and Nortel was going to the moon like it was like the Bitcoin of that tech bubble at least here in Canada.

And then it went to zero. Now they managed to get money out, but it’s like when they were looking at that pile and seeing, wow, this thing is growing and growing and growing. And then all of a sudden, you know, the pile was maybe half the size by the time they ended up selling their position that had a negative impact on my parents. It had a negative impact on me.

And that probably impacted why I looked at real estate as a good option.

And when I look back at it now, there were two elements that I want to unpack here that are really important for us to understand as investors is that one thing was like that it was like I truly owned it. You know, like I was going to own this property. It was concrete. I could go see it. I could touch it. I could knock on it.

It was mine and it was going to be there regardless of whether it was worth a billion dollars or whether it was worth zero dollars. There was a thing there. There was like a physical thing there. So that was very attractive to me.

But the second piece for me that was really important is that I always got this opportunity to look at cash flow coming in.

And when you see dollars coming in the door through rent that those dollars through the door made it feel like it was working. Like it was like affirmation, right? That I was like, okay, I’ve got my money over here. I know I’ve got expenses, maybe even in a month it’s cashflow negative, but you’re like, but there’s money coming in.

And as long as these expenses don’t stay up this high for this long, or it’s just one fix on the furnace or whatever it is, I’m gonna be in a position where this investment is ultimately working as the debt’s getting paid down.

And that feels really, really good.

And then finally, John, I’m gonna add in a third. The third one is the, I don’t wanna say that real estate is not volatile because those who own real estate, especially in the GTA and Vancouver and bigger cities across Canada would definitely send us hate mail because it is volatile.

We haven’t experienced a huge amount of volatility in real estate until most recently for quite some time. But the difference though, is that if those dollars are coming through the door every month, the one thing that I don’t see is I actually don’t see the price tag on my investment fluctuating every day and having a negative impact on my sort of mental psyche.

Seeing it’s like worth this much one day, it’s worth less the next day. It’s not something that’s actually all that volatile in real time.

It sure is volatile if you look to eject, but because real estate is a long term asset, most people aren’t concerning themselves with that as long as they’re able to float that property for the longer term, right? It might beat them down a little bit, but that’s why real estate is so attractive to so many people.

And here’s a nuance.

We are willing to leverage for real estate investing, yet when we look over to other types of investments, we are less likely to borrow in order to make those investments.

And the question I have for everyone is why, especially if we have such a strong track record on the stock market side of things.

Jon Orr: Here’s a question.

So here’s another asset that we used to have that has similar properties to what you just described. Because really when you said like you could go knock on this door, what you really said was like it’s safer in your opinion because you know there’s something there that’s not gonna go to zero.

Like it’s gonna go to some value that I can sell because it’s sitting on a piece of property that the land is worth something or the home is worth something, but there’s going to be residual value there and it’s not this thing that I don’t have access to.

Also because you know that you could put moves in to make it become better. You had some control over there.

So the safety part is I think what you were really saying there. You’ve got the income part. You’ve got pretty much predictable income happening.

But really, like, there is an asset sitting over somewhere growing.

And it does cover your third part, which is basically saying you don’t see the price every day. You don’t see the fluctuations. You just know the income’s coming in the door.

And therefore it’s like, and so here’s the other question is like, if I asked you, would you loan? Would you take a loan out to buy more, or to get more access, or to have another pot, you know, this other pot that gave you all three of those things? Would you do it?

If you were like, if I could take a loan out of this to get a pension. Would I do that? Probably.

Kyle Pearce: I would argue that the vast majority of people would.

And when we actually look at statistically, like many Canadians wish that we were back in the good old days of blue chip companies in Canada providing a defined pension plan, not just a defined contribution, but actually a defined benefit pension plan where it was like, you put in your time and you’ll get blank as a pension.

So many people wish that they had it.

But when we actually zoom out and look at it, we go the return on a pension, when you consider the money going in from both sides, from the employee and the employer is typically quite low. Like it’s an insurance contract that you’re getting.

Not to mention that if you pass away and you pass away early, after the second spouse maybe gets 50 % or 60 % of it, the return could be incredibly horrible, but yet we all want this thing.

So it’s a really important aspect as we look to investing ourselves in other assets and deciding whether borrowing against our homes is a good idea and then deciding like where should those dollars go in order to keep those dollars growing for me, but also doing it in a way that isn’t going to cause me any sort of behavioral negative responses when things maybe aren’t looking so good.

Jon Orr: Yeah.

So the question that I think that we keep asking ourselves is how do I recreate those scenarios inside my portfolio that’s not just in real estate?

Because it’s like, well, the real estate might be time consuming. Maybe we don’t want to be all in real estate.

We want to also, you know, like the index fund has those ups and downs, and how do I create the habitual moves so that I can create this safety, this predictable amount coming in every time.

I don’t have to continually monitor. That’s the question that we keep asking ourselves.

Kyle Pearce: Well, and I think the messaging along our show, which most people should be well aware of now is that we are big advocates not only for diversification of assets.

So not only like we’re big in real estate, so we have a lot of real estate, but in recent years, we’ve been hyper focusing on more paper assets as well to make sure that we have some diversification across different asset classes.

When you get into the paper asset side of things, this is the markets.

Whether you’re in the TSX or the S &P, we then have to diversify even further and start looking in there and saying, do we want all of our money riding on the S &P 500 or the NASDAQ or the TSX or any of those things?

Or should we be looking at different investments for different buckets of our capital?

And I’m gonna argue that you wanna start understanding yourself in terms of what’s holding you back from making certain investments and what’s holding you back from maybe exploring other opportunities.

So one example I have for you is I love asking when folks reach out for a discovery call and we have conversations, something that we are brainwashed into thinking is we’re really proud to talk about our investment portfolio returns.

So typically these are paper assets in the markets and people will say like, yeah, you know, like last year, I was heavily invested in the S and P or the TSX.

If you were heavily invested in Canada, you did really well over the last 12 months. Amazing.

But then when we actually zoom out and we say like, well, what percentage of all of your liquid cash or capital does that represent?

And it’s usually a very small amount relative.

So they might be like my entire investment portfolio is 100 % equities. I’m in global, I’m in S &P, I’m in the TSX.

But then when you zoom out, they have a lot of cash over here, they have a lot of safe things over there, or they have a fully paid off home over there.

My home’s worth a million bucks, $2 million.

And like literally that money right there is growing at a negative amount over these past couple of years in Canada.

But ultimately over time, growing at the rate of essentially inflation.

So you factor these things in and you start to say, so why is that if you’re earning 18 % or maybe 20 % or maybe it was 12 % that you earned last year in this investment portfolio, why are you not willing to borrow against say your home or use your retained earnings or do all of these other things where these cash buckets exist?

Why are you not putting them all into that thing?

And I think the answer is fairly obvious.

Is that we know that that is not necessarily sustainable over the long term.

Like we know that we’re not gonna get 18 % every single year.

There are gonna be years where we’re gonna get less and there’s gonna be years we get more and there’s gonna be some years where we lose money.

And therefore we have to start thinking about how can I keep investing?

Like where might I start exploring so that I can do the habit?

I can create the habit of investing more volume while not putting myself in a position where I’m increasing a significant amount of risk or I’m putting myself open to the opportunity for me to make a bad move if things don’t go well in the market.

And I think that’s sort of the big idea here that we want to sort of emerge for everyone and really everyone’s going to have to do a little soul searching across their own net worth to really identify where are the opportunities and how might you take advantage of the opportunity in a way that doesn’t put you past your risk profile and also doesn’t put you in a position where you know things go bad and you know you do the opposite and then end up in a worse spot.

Jon Orr: What’s the secret?

Kyle Pearce: Well, for me, what I’m gonna tell you is I can’t speak for everyone, but what I can say is that more and more, when I look at how much dry powder that I have around, and John, I know this about you as well, and when I say dry powder, like some of this dry powder exists in a tax-deferred bucket like my corporation that I don’t want to pull out now because if I pull that money out, I’m gonna be taxed at a higher level.

I lose my tax deferral on the money that has retained in that corporation.

But I don’t have it all in the market or I don’t have it all in real estate.

We have a lot in permanent insurance. That’s our dry powder buckets inside the corporation.

Well, what I’ve recognized about myself is that in order for me to put more of my capital specifically on a personal side, when I want to put more of my dry powder that’s locked up in my home, because remember, the walls of your home have a ton of money that are sort of stuck there.

The less debt I have on that home, the less my performance on the value or the growth of my home.

So said another way, if I’m 80 % leveraged on my home, the 20 % that’s in there gets to get all of the growth based on that instead of someone who’s fully paid off.

Like my parents who are fully paid off, their home grows by the same percentage, but the problem is that all of their money is buried in there.

So the rate of return is way low on those dollars.

So how can I do it?

Well, for me, what I notice is that one thing I know from a rational perspective is any money I invest, I like to have it in things that are going to provide me with long-term growth, but those are dollars I don’t need now.

But on my home, I always have this idea that, hmm, if the market were to go down, how’s that going to make me feel if I borrow $500,000 against my home and now it’s only worth 250.

Like I feel like that was a really bad move.

So for leveraged investing that I do, I tend to start looking more at things that are going to produce income where I can visibly see the arbitrage between what I’m borrowing at and what I’m actually earning.

So while this isn’t true for all of my leveraged investments, but what I find is that when there’s dry powder there, I’m more likely to dip in if I can put it into a diversified asset.

So again, we’re not going to do it in one single private mortgage, but maybe you’re looking at a MIC like a mortgage investment corporation that has many private mortgages there, and it’s going to give you eight or 9 % a year.

Maybe that’s a place that you’d be willing to take 100,000 and put in because you see 9 % coming back, paid out every month.

You see four or 5 % leaving in interest from your HELOC and the arbitrage between there is your profit and you’re like, that feels really easy.

The chance of the entire MIC going down are much lower.

Is it zero? Absolutely not.

You’d have to do your due diligence, but that’s an opportunity that you might have to put some of this capital that’s sitting doing nothing that you’re not feeling confident in putting into the S and P 500.

As I look at it right now, you know, we’re again knocking on the door of another all time high this week.

Like, I don’t know if I want to dump another hundred grand into the S and P 500 or into a global ETF.

But if there’s like a private credit fund, for example, or there’s something that’s going to produce income, this might not be optimal from a tax perspective by, you know, again, I don’t need the 9 % in my pocket.

But if I need the 9 % to motivate me to invest some of the money that’s sitting there doing nothing, while I know I’ve got dry powder on the other side of my corporate structure inside my policies, I’m willing to do it because I see that money flowing in and I can immediately every month satisfy this need that, hey, I made a good choice, at least this month.

Jon Orr: Yeah, and to be clear, I think what you’re saying is it’s not the 9%, it’s the actual money hitting the bank account or the investment account coming in as income.

It’s showing up to offset the interest that you’re paying and that predictable amount, that money that just shows up here is the nudge to keep you going, I’m making the right move with my leveraged asset.

Like we’re both reading The Income Factory from Steven Bavaria, who writes a book about this same idea, is to say like, most times when we invest in the stock market, you’re choosing assets that you’re hoping and you’re praying that they appreciate in value and that they go up.

And that’s what you’re really betting on when you think about the 8%, 10 % is you’re saying like, well, maybe they have a dividend of 2%, but the 8 % after that is you’re hoping they appreciate 8 % so you can make a 10 % return on that asset.

His argument is saying, you could do that.

But if you could help satisfy the income portion, that really you just want income for life, then maybe you want to look at different asset classes that say I’m going to pay you 8 % to 10 % in a dividend or cash distribution to the shareholders.

And then it’s not going to appreciate though, and they’re not designed to appreciate, they’re designed to give you that cash distribution so that now it’s like I can invest in this asset class, see the money come in every month, help me make sense of my leveraged amount, or just make sure that I can cover all my expenses with that.

He’s calling it an income factory.

And so that you can sleep better at night knowing that that asset class is doing that.

You’re not betting on the appreciation, you’re just betting on the actual dividend or the cash distribution that you’re getting every single time.

Kyle Pearce: Well, and something that’s really important, especially for our Canadian business owners that we know listen to the podcast, those who have active income in the corporation, typically you’re paying yourself a salary or a dividend out of your corporation.

If you were able to, let’s say, take money, the equity from your home, put it into some investments on the personal side by using leveraged investing, you get to write off not only the interest, you’re going to create income, which is going to be taxable on your end.

But if you’re creating enough income in that manner, then you don’t have to take as much salary or dividends from your corporation.

Remember, you’re in control here as the business owner that if let’s say you were able to produce $100,000, you borrowed a million dollars, we use some easy numbers here, you borrowed a million dollars, and again, we’re not saying you put a million dollars into any one fund by the way, we want diversification, and it’s producing 10 % 9 % a year.

Let’s say it’s $90,000 are coming back.

And let’s say you don’t need quite $90,000 for lifestyle, or maybe you need just a little bit extra, you can tone down the actual dividend or salary that you’re pulling out of your corporation in order to leave more money on that side of the border.

So now I’ve taken money out of the walls of my home in order to invest outside here to create income for myself, which I wouldn’t normally do that equity would just sit there dead.

What I’m going to do on the corporate side is I’m going to make sure that I’m not taking all of those dollars and putting them into long term assets that I can’t access, because again, I still need dry powder somewhere.

Like I want to make sure that I’m not completely hindering myself.

So what do you and I, John, do?

Well, we make sure that we have enough cash value in our corporate owned life insurance policies.

So that’s there.

It’s going to grow tax-free like a GIC.

And we get all of course the long-term death benefit, paying out through the capital dividend account, all of the bonuses that we have over there.

Plus, it’s still liquid for those opportunities that may come along.

So whether it’s investing in a private company or whether it’s investing in a property that sort of lands in our lap, we know that they don’t come along every day.

Right now, a lot of people are a little not eager to get into real estate deals right now, but we have access to it.

All we’ve done is we’ve shifted where those dollars exist.

We have so many business owners that reach out to us and say, how do I get more of my retained earnings out of my corporation to pay off my mortgage?

And in reality, that’s the opposite thought.

You go, no, no, no, no.

Let’s use the equity that you have in the home.

Let’s make sure we have enough income coming in through our business or personal investments so that we can maintain that mortgage.

Because again, we’re going to be borrowing at rates close to inflation, slightly higher.

And we can take the dollars that are inside the corporation, keep those tax deferred dollars growing in longer term assets and high cash value life insurance and all kinds of other aspects.

So that when we zoom out and we look at the diversification of all of our assets and our entire net worth that we are in a place where we have enough risk on, we have enough risk off.

That’s gonna be our more liquid, accessible cash value.

And we’re maximizing where we’re generating the income we need now and in the future for retirement.

That is where we truly get a beautiful wealth building system planned for each of our business owner, investor, and high net worth T4 clients.

Jon Orr: That’s a great summary of what you want, how you want to think about trying to come to terms with designing your own financial plan moving forward into retirement, but also for now.

But also trying to remember that the big question we brought up at the beginning of this episode was that people are saying that you should just do this one thing.

And it should be fine in the end if you just trust the math to work out.

But I think what we are trying to say is that there are moves you want to make, especially if you’re thinking about considering leverage so that you can make a predictable or habitual move moving forward so that when these downturns happen or these changes happen, you can keep the habit.

And when you think about making sure that you’re asking the question about where is my income coming in and am I creating that?

And then there’s another portion that says like, I’ve got leverage happening here.

And you’re saying, is that really leverage if I’m not making use of this asset or the debt equity over here, and I’m actually under invested than I need to be when I’m considering all of this?

So lots to consider here.

These are the thoughts that we consistently think about when we think about equity, we think about investment, we think about leverage, we think about income.

And that helps us formulate the plan moving forward.

If you want us to dig into these ideas with you, then book a call with us.

We’ll gladly kind of talk about these strategies with you, help you develop your plan.

Maybe there’s pieces that you’re missing along the way when we think about our kind of our four pillars of a healthy financial plan.

We’ll help you navigate that and help set up some moves to make sure that you’re covering all of these pieces.

You can do that over at CanadianWellSecrets.com forward slash discovery.

And if you want to get started, you can fill out our assessment and we’ll help give you a pathway moving forward on those four areas.

You can go to CanadianWealthSecrets.com forward slash pathways.

Just a reminder the content you heard here today is for informational purposes only.

You should not construe the information as legal, tax, investment or financial advice.

And Kyle Pearce is a licensed life accident and sickness insurance agent and the president of corporate wealth management here at Canadian Wealth Secrets.

Canadian Wealth Secrets is an informative podcast that digs into the intricacies of building a robust portfolio, maximizing dividend returns, the nuances of real estate investment, and the complexities of business finance, while offering expert advice on wealth management, navigating capital gains tax, and understanding the role of financial institutions in personal finance.

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