“Saving families between $500 and $1000 a month is our business”.
As a financial advisor, I have been working with clients in the area for more than five years, improving their financial position. As a team, my sister Kathy, her husband Rob and myself are proud of the families we have helped from Beaverton to Havelock and Wilberforce to Cobourg.
Being community minded people, Rob is a volunteer firefighter in Bridgenorth and Kathy is active with children with special needs. There is a great satisfaction when you save families $500 to $1000+ monthly, save them thousands in unnecessary interest and shorten the life of their debt. How could we be more community minded? You wouldn’t believe the number of local families who are losing sleep over their debt loads. And it’s not a small problem. Debt is non discriminatory, it goes to anyone, at any income level. I often tell my clients they are not unique, the debt problem is rampant.
In fact, it’s over 80% of families according to the Vanier Institute of the Family . The facts are scary: we now spend $1.31 for every after-tax dollar earned and we’re putting nothing away for a rainy day, for a bout of unemployment or for retirement.*
To put that in laymen’s terms, if you are clearing $400 weekly, it is
costing $524 weekly to live. For too many families it sure is hard to smile at the end of the month. So, when I explain to potential clients that my company is the only Canadian company founded specifically to help these families regain control of their finances, they are like, “Wow, I should check it out!” I then explain that the objective of Debt Freedom Canada is to educate Canadians on how to manage their personal debt load in a business like manner. Simply put, the company’s mission is to help every client eliminate debt, build wealth and live life. By offering middle-income families a customized financial needs analysis, it allows our clients to make better choices in their debt management, income protection, expense control and asset management.
And it must be working. Since our inception in 2002, we have refinanced in excess of $275,000,000 saving families $21,710,047 in unnecessary interest payments and putting $1,247,400 of monthly disposable income back in clients’ pockets. Pretty Awesome!! Unfortunately, the scope of the debt issue facing Canadian Families cannot be taken lightly, with debt having risen seven times faster than incomes, since 1990. Household debt has now reached a new record of 131% of household income, compared to only 91% ten years ago. The average debt per household jumped 54% between 1990 and 2007.
“So how can you help my family?” you ask. I sit down at your kitchen table and complete the financial needs analysis mentioned earlier. The FNA is a comprehensive document that identifies everything in your family’s financial picture, from debts to dreams. I then prepare a full, customized financial plan covering such key elements as debt elimination, children’s education plans, security, retirement planning and the best way to fill your financial dreams. This plan allows you to regain financial control of your family’s future - and it explains why our clients are so satisfied with our work.
Here’s what one woman had to say:
“Don and I have been married for 30 years and have two adult girls. I work with a federal agency and Don is a transport driver. Despite both being hard workers and making about $80,000 a year, we were always robbing Peter to pay Paul. I dreaded the next mail delivery and started feeling desperate as our debt climbed over $220,000 including our mortgage of almost $170,000. You can imagine the relief we felt after sitting down with our Associate, to learn that we will immediately start saving over $1,500 a month in unnecessary interest payments; will pay off the new mortgage 4.3 years ahead of schedule and can now start our first ever retirement project (we want to build a greenhouse.) In a nutshell, the big dread has disappeared and we’re totally confident about our future. I’m thinking seriously of joining Debt Freedom, so I can help other families as much as they have helped me. L.W.”
If you’d like to smile again at the end of the month, please give one of us a call: Sharon Mahar 1-877-631-3328 or Kathy or Rob Shears 705-292-5015
*The Vanier Institute of the Family, “The Current State of Canadian Family Finances 2005 Report”
Debt Freedom Financial Services
1-877-631-3328 or 705-292-5015
