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Talking About Financial Matters That Affect You and Your Organization

The Best Things I Spent Money on in 2017

Posted by Ken Coombs

Jan 16th, 2018

The Best Things I Spent Money on in 2017

Every year, we spend money on stuff. Some stuff is necessary, like food and Netflix, while other stuff is not so much. This year, I decided to look back at some of the best (and later, the other) things that I spent money on in 2017.

Cedar Play Set

Years ago (and two children less), our neighbour gifted us an old swing set that they no longer needed. It had two swings, a slide and a two-seater...

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The Best Things I Spent Money on in 2017

Why Mortgage Insurance is a Bad Idea

Posted by Ken Coombs

Dec 1st, 2017

Why Mortgage Insurance is a Bad Idea

As part of my Financial Education seminars, the topic of mortgage insurance always comes up.

“I don’t need more insurance, Ken. My mortgage is protected by the bank.”

Is it? Let us examine exactly what you are paying for and what is actually protected.

When you apply for mortgage insurance (as I have done before knowing better), you tick off a few boxes, they give you a price and...

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Why Mortgage Insurance is a Bad Idea

My Alumni Association Wants Me to Buy Life Insurance ...

Posted by Ken Coombs

Nov 28th, 2017

My Alumni Association Wants Me to Buy Life Insurance ...

So, I got an email from my University's Alumni Association the other day like I usually do. This time, instead of swiping right to delete immediately, the subject line jumped out at me:

Save money with NEW 10-year term life insurance

You see, alumni associations, professional associations and other clubs have referral deals with many insurance providers in Canada. These deals lead to simplified,...

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My Alumni Association Wants Me to Buy Life Insurance ...

Financial Advisor vs Financial Planner - My Story

Posted by Ken Coombs

Nov 20th, 2017

Financial Advisor vs Financial Planner - My Story

“Hey Ken, I have a friend who is an advisor, but he’s not a CFP, what’s the difference?”

That was the question posed to me at a gathering a few weeks ago from a friend of a friend. What is the difference between someone called a Financial Advisor and someone who is a Certified Financial Planner? I’d like to think that it has something to do with the amount of time, energy and...

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Financial Advisor vs Financial Planner - My Story

Do I Need a Will? Uh, Ya!

Posted by Ken Coombs

Oct 17th, 2017

Do I Need a Will? Uh, Ya!

Every good financial plan has a solid base. In that base are items like cash flow management, risk management through insurance and having an up-to-date will. A recent survey found that 56% of Canadian do NOT have a will.

I recently had a client pass away and they didn’t have a will, which made for some very tough situations for a family already going through a difficult time.


"Ken, what...

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Do I Need a Will? Uh, Ya!

Do you work better under stress? There's a name for that.

Posted by Ken Coombs

Jun 5th, 2017

Do you work better under stress? There's a name for that.

In 1955, Cyril Parkinson wrote a humorous essay meant to critique the "efficiency" of public administration in Britain. The first sentence of that essay spawned a book (60 actually) and a whole new field of study for psychologists. That sentence was "work expands so as to fill the time available for its completion". That's an old-timey way of saying most of us make excuses to not do something...

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Do you work better under stress? There's a name for that.

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