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ABOUT

I joined the financial industry at the beginning of 2018 under a company that coached and assisted me in continuing my education. I decided to start NBFP with the purpose to serve the average Canadian and become a trusted household name in my community. Through the years I have become aware of how many people, families and retirees in my community have been failed by their financial institutions. Of course, these institutions have their place but they are too large and limited, which makes it impossible to service every client. This results in high-net-worth clients, the top 5-10%, being catered to. While all the others like you and me, the ordinary people, are forgotten. Many small towns like mine have no competition, which results in higher premiums, limited options, and no complete services. This massive void is where the ordinary fall and is where I do my best work. I have no ties to brick-and-mortar, no obligations, and quotas to meet. I'm a fully independent, non partisan opinion here to serve you. I am a small-town advisor, providing rock-solid recommendations, trustworthy advice and complete services. When was the last time someone joined you around your kitchen table, where you are most comfortable, invested in you, and made your financial wellness their priority?

WHY

I was part of the statistic - 50% of Canadians are living paycheck-to-paycheck. Growing up low-income shaped my views and affected my money habits in adulthood. When beginning our family, my wife and I had no budget, and felt we had no control over our money. We were paying little attention and became victims of our local bank selling us expensive products we didn’t need. I was a carpenter, a blue-collar employee, working hard everyday for 15 years - with little to no time off. I was like everyone else around me, working overtime, and still collecting some debt along my way. I lived to work and had no long-term goals. That was until my wife and I found a company that changed our lives. Our eyes were opened, our course corrected, and eventually all our debts paid off. This same company would later invest in me and break me into the industry. While growing our family to 6 children, we have become disciplined and better equipped. As we fulfill short-term goals and adjust long-term ones, it is reassuring to know that we do not have to change our life’s course for anything that may happen. I want all the people that are like us - the average, the ordinary, and forgotten, to be financially secure and prepared for what’s next. With discipline, you could have the next best testimony.

Here's how I will help you

Cash Flow

Your money is a tool, to create a life you love. We will discuss and analyze all of your money movement. Here we will find where are you strongest and where we can improve. It's important for us to know and understand how you allocate your money and why. It's highly beneficial to dig deeper into mentality, spending habits, budgeting, or possible alternative services to save money and more!

Debt Management

Debt often feels like an uphill battle for everyone. There are 2 main types of debt: out-of-control and controlled. All debt that has no payback period would be out-of-control. Debt that has a deadline would be controlled. This does not mean either are good, bad or better than the other. What is important is that we fully understand the details of where we are, the outcomes and create the most effective debt elimination plan for you. It will have realistic and achievable milestones to get you above water again. We will accomplish this through budgeting, consolidation, equity or other options. While you can’t control inflation or interest rates, you can control the decisions you make today that will secure your financial stability tomorrow.

Income Protection

What would happen if you suffered a significant health event or died? Would your family's life be forced to change in your absence? Will your children still be able to participate in what they desire as they grow older? There are many products with both living and death benefits to help manage your expenses. Having life, critical illness or disability insurance will keep you in the driver seat through hard times. Using life insurance for income replacement can ensure your family gets to live the exact same life you have planned together, even after you are gone.

Emergency Funds

An emergency fund is VITAL to growing wealth and being financially stable. Currently 50% of Canadians are living paycheck-to-paycheck and 25% of Canadians have no means to cover a $500 unexpected expense. So, what is an emergency fund? It is a stash of money set aside to cover the financial surprises life throws your way. These unexpected events can be stressful and costly. Canadians struggle with the top 5 emergencies: Job loss, medical or dental emergency, unexpected home repairs, car troubles and unplanned travel expenses. It's important to have 3-6 months of expenses set aside. It needs to be fully liquid and accessible but away from your day-to-day accounts. Left to use for life's unexpected. Don't stress about unexpected costs and pull from your retirement plan again. I will help you get there, one baby step at a time.

Building Wealth

Nowadays, there are so many ways to invest your money that it becomes overwhelming at one point or another. Whether it is a TFSA, RRSP, Education Savings, Pensions, Unregistered accounts, Private or Corporate, I can help keep it simple and stress-free. The objective is to build a portfolio that aligns with your goals, timeline and personal risk tolerance. Our goal is to maximize the gains, while minimizing potential shortfalls. It's time to hop off the rollercoaster. When you're ready to retire, send your kids to school or make a major purchase, lets make sure your money is ready too.

Preserving Wealth

You’ve worked so hard and were extremely discipline to grow your wealth. Naturally you want to preserve it, to make it go further and have a large impact. It's just as important to feel secure in your future, as it was on your journey building your financial wellness. I can help you transition to a more conservative investment approach, one that fits your needed income and liquid cash needs, while still growing what we can. Together, we can plan for all of life’s events, even the unexpected.

32% (and increasing) of working Canadians have never set aside any money for retirement, including 1-in-5 pre-retirement workers. Cost of daily living remains the top concern for adults aged 55-64 (71%), and 64% are concerned about having enough money in retirement. - April 28, 2023
HOOPP - Healthcare of Ontario Pension Plan

1-in-4 Canadians are unable to cover an unexpected expense of $500. In fall 2022, over one-third (35%) of Canadians reported that it was difficult for their household to meet its financial needs in the previous 12 months. - February 13, 2023
Stats Canada

More than 2-in-5 Canadians (44%) say they are having a tough or very difficult time keeping up with the housing affordability of their finances. - July 9, 2024
Stats Canada

More than half of Canadian adults (55%) currently have credit card debt — up from 43% last year. There are 100 million credit cards are in circulation in Canada. - August 13, 2024
Canadian Bankers Association

Consumer debt levels rose to $2.5 trillion in the second quarter of 2024, marking a 4.2 per cent increase since 2023. The makes the average debt load of approximately $21,131/person, excluding mortgages. - August 27, 2024
Equifax

With the average student loan debt in Canada at approximately $28,000, it’s no wonder 77% of Canadians under 40 say they regret taking out student loans. so they’re forced to spend an average of 9.5 years paying off their loans — which is, in most instances, more than double the amount of time they would’ve spent in school.
Robertson College

Three-quarters (75%) of Canadian adults aged 55 to 64 have $100,000 or less in savings and 44% have less than $5,000, according to a new survey by the Healthcare of Ontario Pension Plan. - June 16, 2023
Benefits Canada

CPA Canada says it’s expected to be the largest generational transfer of wealth in Canadian history, with younger Canadians expected to receive a combined $1 trillion in the next few years alone. But many parents aren’t preparing their adult children to handle that wealth. - February 6, 2024
Chartered Professional Accountants of Canada

in 2021, 12% of Canadians aged 65+ were retiring at or below poverty line. Which seems to be increasing slightly every year - June 7, 2023
Government of Canada

Thompson, MB, Canada

+1-2046705585
adam@northbuiltplans.ca
Available upon request

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