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6 Ways to Invest for Your Children's Success! (There's more than RESPs)

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Congratulations!!!  Welcome to parenthood!   Everyone reacts differently to this phase of life.  We were shocked by how much unconditional love we had for our children when they entered the world – who else would you throw yourself in front of a bus for?  When Rowen, our first born arrived, we unwisely threw $10K into a scholarship RESP out of pure emotion.  5 years later that $10K is now $9373 due to fees and charges.  I’m writing this article so you don’t make the same mistakes we made, and to ensure you that there are several ways to save for your child’s success, even if post-secondary school is not in the cards.  If you are lucky enough to have $10k, there's a better way to invest than we did, but even $50 - $100/month can make a HUGE difference!! Option #1 – RESP (Registered Education Savings Plan) – Growth Plan Pros:   Government matches 20%, 30% or 40% and investment can take advantage of compound growth. Catch : Grant...

Maritimers Helping Maritimers

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The struggle is real here in Atlantic Canada, and so is the need for the services that my team provides at Your Financial Potential  ( www.yourfinancialpotential.ca ).   We help families and professionals of all walks of life by ensuring they have the proper insurance protection, save $$, and help focus on what is truly important - family/relationships, health, and wealth. Let me introduce myself.  My name is Stephan MacLellan, my friends call me Steve.  Three years ago, my wife, almost two year old son, and one month old daughter returned to Nova Scotia for a promising career as the foremost hydraulic fracturing expert in Atlantic Canada.  My motivation to move back was personal:  my heart has always been in the Maritimes and looked forward to making the province we loved even better - a place where our children would grow up as Bluenosers, AND STAY to contribute to its’ growth and prosperity.  As fate would have it, 8 months after moving ...