Investing 101 with Jessica Keus

Jessica Keus joined us for our Conversation Corner to tell us all about where to start when investing your money. Jessica is commited to helping Canadians become financially literate and helping people build their wealth and know their worth.

The first step in becoming financially literate is understanding the basics. Most people invest in either an RRSP or a TFSA account. Knowing the difference and which one is right for you can be challenging. The benefit of an RRSP is that its tax-deductible contributions with tax-sheltered earnings. A TFSA has tax-free growth, you can withdraw at any time and it’s a flexible investment style.

Making sure you have a plan is one of the most important things when it comes to saving and investing in your future. The first step is defining what your goals are, are you saving for a boat or a cottage? Or maybe a vacation home? Whatever it is it’s important to lay out what you want. Studies have shown that ⅔ of Canadians have plans to make a major purchase in the next couple years while also having anxiety about saving for retirement. The answer- plan equally. Let yourself spend on purchases now while also being mindful of how much you are able to put away for later.

The final step in learning to become financially literate is owning and knowing your worth. You matter and so do your hard-earned dollars. It’s important to work with someone who can help you in whatever situation you’re in and recommended options that will really benefit you. If you’re thinking of doing your finances in more of a DIY way, don’t be afraid to ask for help if you need it!

“I want an advisor who will educate me, not tell me what to do” -Arlene Dickinson

Thank you Jessica for sharing your knowledge with us. You can get in contact with her at jessica.keus@wprivate.ca.