Magnify Wealth Podcast with Scott Gannon
Please take a moment to see if this resonates with you. For 20+ years, I put mine and my client's money into mutual funds. The risk and uncertainty were a constant stress. In 2002, then again in 2008, markets lost about half their value. Were you or someone you know stressed out and frustrated? I was! More than a decade ago, I committed to find a more certain, predictable, and safe way to build wealth before another drop happened again. I found it in the risk management part of my business. This is where our proprietary process, The Asset Multiplier Method, was created. Now we concentrate on protecting capital and teaching business owners how to control the liquidity and flow of their money. We structure your capital to be in position to multiply its uses...never leaving your dollars to only a single purpose. Structured properly, you get liquidity, use, control, and certainty.
Magnify Wealth Podcast with Scott Gannon
TFSA VS Whole Life Insurance
This week, Cameron and Scott dive deep into a key financial topic for Canadians—choosing between a TFSA (Tax-Free Savings Account) and Whole Life Insurance. Both financial vehicles offer tax-free growth, but which one is best for your wealth-building strategy?
Break down the differences and similarities between these two options, exploring their unique benefits. From maximizing your cash flow and leveraging policy loans with whole life insurance, to understanding the flexibility and growth potential of a TFSA, this episode is packed with practical insights to help you make informed decisions.
Whether you're looking to invest for the long term or seeking the right mix of liquidity and security, tune in to learn how each option fits into your financial plan!