Common Sense Finance Canada

𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗢𝘄𝗻𝗲𝗿𝘀 - If You Don’t Understand Insurance, You Will Eventually Lose

In the business ecosystem, most owners are familiar with insurance, but very few truly understand its purpose.
And that gap in understanding is where value drains, opportunities slip, and avoidable losses become permanent.

𝗟𝗲𝘁 𝗺𝗲 𝗽𝘂𝘁 𝗶𝘁 𝗶𝗻𝘁𝗼 𝗽𝗲𝗿𝘀𝗽𝗲𝗰𝘁𝗶𝘃𝗲.

Life insurance is often dismissed as “just another product” that benefits the insurance company more than the business owner. I hear this all the time. And yes, the industry has its flaws-pushy brokers, transactional advice, limited education, and noise from people who have never executed real planning.

But here’s the truth:
𝗧𝗵𝗲 𝗿𝗶𝗴𝗵𝘁 𝗶𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 𝘄𝗼𝗿𝗸𝘀 𝗳𝗼𝗿 𝘆𝗼𝘂 𝗮𝘁 𝘁𝗵𝗲 𝗲𝘅𝗮𝗰𝘁 𝗺𝗼𝗺𝗲𝗻𝘁𝘀 𝘄𝗵𝗲𝗻 𝗲𝘃𝗲𝗿𝘆𝘁𝗵𝗶𝗻𝗴 𝗲𝗹𝘀𝗲 𝗳𝗮𝗶𝗹𝘀.
The challenge is not the product... it’s the lack of clarity around how it integrates with your business strategy.

I’ve seen this play out repeatedly:
𝗔 𝗱𝗲𝗻𝘁𝗶𝘀𝘁 was unable to secure 100% financing because he couldn’t provide a life insurance collateral assignment.
Outcome: the deal died... not because the business wasn’t viable, but because the structure wasn’t complete.

𝗔 𝗽𝗮𝗿𝘁𝗻𝗲𝗿 has suddenly gone, no funding in place to acquire shares, and the business collapses under internal disputes.
Outcome: a buy-sell agreement without funding is just paper.

𝗙𝗮𝗺𝗶𝗹𝗶𝗲𝘀 are inheriting an avoidable tax bill because estate planning opportunities were never activated.
Outcome: wealth that should have transferred tax-efficiently simply evaporates.

𝗜𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗶𝘀 𝗻𝗼𝘁 𝘁𝗵𝗲 𝗮𝗻𝘀𝘄𝗲𝗿 𝘁𝗼 𝗲𝘃𝗲𝗿𝘆 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲.
But understanding what it is, what it does, and how it can be leveraged strategically-that’s where the real ROI lives.

At the end of the day, informed decisions are the only decisions you truly own.
And you can’t make informed decisions about a tool you’ve never been taught to use.

So here’s my two cents:
If you don’t understand insurance, you’re leaving value on the table.
Sometimes millions.
Sometimes your business.
Sometimes your legacy.

Learn it.
Question it.
Challenge it.
𝗕𝘂𝘁 𝗱𝗼𝗻’𝘁 𝗶𝗴𝗻𝗼𝗿𝗲 𝗶𝘁.
Your future self-and your family-will thank you.


#yogeshsheta

1 month ago | [YT] | 0

Common Sense Finance Canada

4 signs you’re headed for a burnout
(and how a financial plan can save you )


1️⃣ Work feels like a routine

Emails. Meetings. Stress. Repeat.
You’re not excited, you’re just - showing up.

2️⃣ You’re running on caffeine and willpower

Your body’s begging for rest, but you’re fueling the exhaustion with triple-shot lattes and pretending it’s fine.

3️⃣ An unexpected expense could ruin your month

Your car breaks down.
Your kid needs braces.

Suddenly, you’re spiraling - because you don’t have a cushion to absorb the hit.

4️⃣ You find yourself saying “no” a lot more

Friends invite you out? Too tired.
That hobby you used to love? Haven’t touched it in months.

You can barely recognize yourself

And here’s why you need a solid financial plan:

✅ Emergency fund = fewer freakouts

Having 3-6 months of expenses saved means that a surprise bill won’t send you into a full-on breakdown.

✅ Automated finances = fewer decisions

The less you have to think about, the more mental energy you have for things that matter.

✅ Walking away = POWER

The ultimate anti-burnout strategy? Options.

A solid financial plan means you’re never stuck in a toxic job, an exhausting routine, or a life that doesn’t serve you.

You have choices.

If you’re running on an empty tank, let’s talk.
Because a financial plan isn’t just about numbers.

It’s about getting your life back together.

♻️Repost this and follow Yogesh Sheta for more!

#yogeshsheta #immunisfinancial #noburnout #power #automatefinance

7 months ago | [YT] | 1

Common Sense Finance Canada

What can $100K buy you?


✅ A 6 month luxury vacation across Europe.
✅ 4+ years of rent in a prime city.
✅ A fully paid-off dream car.
✅ A down payment on a home.
✅ A seed fund for your startup.

That’s not just money. It’s choices.

But here’s what most people don’t realize:

The real difference isn’t just in how much you make.

It’s in how much you keep.

And that’s where tax optimization comes in.

Most people see taxes as something the government takes.

But smart financial planning turns it into something that works for you.

➡️ Tax-efficient investing grows your wealth faster.

➡️ Strategic deductions help you keep more of what you earn.

➡️ Legal tax structures ensure your money funds your dreams. Not just government programs.

So, here’s the question:

If $100K could unlock this much, how much more could you do with a full tax-optimized financial plan?

DM me to find out!

♻️Repost this and follow Yogesh Sheta for more!

7 months ago | [YT] | 1

Common Sense Finance Canada

Don’t wait until it's too late to write your will.


Let me explain -

We talk about generational trauma,
but what about generational wealth?

Here are 4 ways we can fix that -

1️⃣ Know what you’re working with

Make a list of your assets - savings, property, investments, sentimental items (like jewelry or art), digital assets (like crypto), and even your intellectual property (your side hustle).

This way nothing important gets “lost” because no one knew it existed.

P.S - we’ve created an estate directory to help our clients organize their assets. (DM to get your copy.)

2️⃣ Don’t wait until 60 to write a will.

Even if you’re young, you probably have assets or people you care about.

Update it every time life changes. Got a house? Started a business? Had a baby?

Include personal notes so your loved ones know why you left them something.

3️⃣ Use the Charitable Pension Strategy to reduce taxes

Pensions in Canada aren’t tax-free.

In fact, they’re taxed at the highest marginal rate.
Instead of giving a huge portion to the CRA, here’s a smarter option:

→ You can redirect pension taxes to charity instead.
→ You still get most of your money back through tax credits.
→ You preserve your wealth while supporting causes you care about.

4️⃣ Have the hard conversations

Talking about death is uncomfortable.

But not talking about it creates chaos.

Ask yourself:

→ Do you want to leave behind family harmony or family conflict?
→ Who gets what and why?
→ Does your family know where important documents are?
→ How will they access accounts in an emergency?

No plan = Guaranteed confusion and disputes.

Generational trauma might run deep,
but generational wealth can break the cycle.

And you don’t need to be a millionaire to start.

SO, how soon will you write that will?

DM me to know more on will & estate lawyers across Canada.

♻️Repost and follow Yogesh Sheta for more!

7 months ago | [YT] | 0

Common Sense Finance Canada

There’s a big difference between working in your business and working on your business.

One pays the bills.
The other builds the vision.

When I first came to Canada, I had no clear path.
No connections. No guidebook.
Just a feeling that I needed to build something meaningful, from scratch.
It’s been 8 years now.

I’ve had to figure things out the hard way:
→ Find my groove
→ Build a strategy (and rebuild it again)
→ Set goals that felt way out of reach
→ Create a business that provides for my family
→ And help other business owners, especially dentists, make better financial decisions along the way.

There were sacrifices. There still are.
Long days. Mental blocks. Imposter syndrome.

But here’s the truth: if you want to grow, professionally and personally, you’ve got to show up—even when it’s uncomfortable.

Now I’m not just creating content for the sake of it.

I’m building an ecosystem that educates, engages, and connects
people at a deeper level.

This is bigger than social media.
It’s a long-term investment in my values, my work, and the people I serve.

👉 What about you?

Are you mostly in the day-to-day grind, or carving out space to grow?
And what’s one thing you’re doing this year to build your business and your future?

Let’s learn from each other 👇

#DentistsOfCanada #Financialstrategies
#Personalstory #BusinessOwnerLife #YogeshShetag#renderingpeaceofmind
#Immunisfinancial

7 months ago | [YT] | 0

Common Sense Finance Canada

Your investments are like your closet!



It has several old, worn-out clothes that you’ll never wear, but you still keep.



They take up space, and worse, you lose the chance to refresh your wardrobe.

Your investment portfolio works the same way.



Holding onto “loser” investments can clutter your financial closet and keep you from maximizing returns.



Here’s the good news: you don’t have to let those bad picks go to waste.



Enter tax loss selling—a way to turn those “worn-out” investments into something valuable.


Why should you care?

Because every $1 dollar saved on taxes is $2 dollar earned at the highest marginal tax rates in Canada


By selling underperforming investments, you can:

- Offset gains and lower your tax bill.

- Make room for better investments aligned with your goals.

- Carry losses forward indefinitely or back three years, giving you flexibility.


But there’s a catch: the CRA’s superficial loss rule.


It stops you from buying back the same or similar investments within 30 days, so timing is everything.

As the year ends, consider this a time for a financial closet clean-up.



Don’t let clutter weigh down your returns.



Consult an expert, take action.


Subscribe to ‪@Commonsensefinancecanada‬ for more financial tips.

9 months ago | [YT] | 0

Common Sense Finance Canada

This founder gave away his $3 billion company for FREE!



And the shocking reason is to save the planet.



Here’s what happened -

Patagonia’s owner Yvon Chouinard and his family transferred all of the company’s voting shares to a nonprofit.

This nonprofit fights for climate preservation and conversation.



Now they are incharge of making sure that any decision taken by Patagonia aligns with the brand’s environmental values.



They want to increase investing in renewable energy, sustainable agriculture, and conservation efforts.

And Patagonia is doing this through green bonds.



Green bonds work like regular bonds with one key difference - the money raised from investors is used only to finance projects that have a positive environmental impact, such as solar energy and green buildings.


But it's not just about protecting the planet—this strategy also improves Patagonia's brand value.



By aligning its operations with ecological betterment, the company has strengthened customer loyalty.

It has also attracted conscious consumers who value sustainability.



Do you think Patagonia’s new strategy is sustainable?



Let me know in the comments below!



Subscribe to ‪@Commonsensefinancecanada‬ for more financial stories.

9 months ago | [YT] | 0

Common Sense Finance Canada

On average, medical professionals in Canada work between 50-60 hours per week.



And they earn around $60 for every hour they work.



They trade their hours for money.



That means no vacations, no personal time, and no long weekends.



But not if you build passive income channels -


With passive income channels, you can -


1. Grow yourself -

With passive income, medical professionals can afford to focus on specializations.

Studying further is both personally fulfilling and professionally enriching.


They can choose to focus on research, teaching, or experimental treatments without the financial pressure of having to take on routine procedures just to make ends meet.


2. Break out of burnout -

Working long hours in high-stress environments like hospitals can lead to burnout.


Having passive income allows medical professionals to take time off for self-care or vacations without worrying about lost income.

This balance helps improve their physical and mental well-being.


3. Pursue passions -

Passive income allows professionals to pursue their dreams.

They are free to spend their time on their passion like -

Music, dance, content creation, comedy, etc.


4. Help patients -

Medical professionals can invest in building better technology or improved medicine research.

This will make their patient’s futures better!


If this sounds tempting to you, follow me to read my next post - where I talk about how I helped a client double her earnings through passive income.



Subscribe to ‪@Commonsensefinancecanada‬ for more finance tips!

9 months ago | [YT] | 1

Common Sense Finance Canada

How long will it take for my money to double?



This is a question I get asked A LOT.



And the answer is simple -
The Rule of 72


It’s a simple formula:

Divide 72 by your annual return rate to estimate how many years it’ll take to double your investment.


Here’s how it works:

- If your portfolio earns 6% annually: 72 ÷ 6 = 12 years.
- At a 9% return: 72 ÷ 9 = 8 years.


Why does this matter?

Because understanding the power of compounding helps you make smarter investment decisions.

It’s not just about high returns but also about managing risks and aligning with your financial goals.


What influences the timeline?


➡️ Interest rates

Higher rates can impact growth stocks and bonds, while savings accounts and GICs might perform better.


➡️ Diversification

A well-balanced portfolio across equities, bonds, and alternative assets can stabilize returns.


➡️ Fees and taxes

Minimize these to maximize your after-tax returns and accelerate growth.


The Rule of 72 isn’t just a math trick—it’s a money compass.


Have you used this rule before? Tell me in the comments below.
Subscribe to ‪@Commonsensefinancecanada‬ for more finance tips!

9 months ago | [YT] | 0

Common Sense Finance Canada

Building wealth isn’t just about earning more:



It's about keeping more of what you already earn.



In Canada, the highest marginal tax rate can reach 53.3%



Every dollar saved in taxes is like earning two dollars in income.

Why does tax efficiency matter?



Because maximizing wealth means focusing not just on growth but also on minimizing tax liabilities.

Here’s how:



1️⃣ Use tax-advantaged accounts

Accounts like RRSPs, TFSAs, RESPs, and IPPs are designed to defer or eliminate taxes, helping you grow your wealth faster.



2️⃣ Choose the right investments

Interest-generating assets are tax-heavy.

Instead, focus on tax-efficient capital investments like real estate, stocks, mutual funds, or cash-value life insurance policies that allow for tax deferral.



3️⃣ Optimize your business structure

Using strategies like splitting income with family, setting up a family trust, making charitable donations, or reorganizing your business can help you save big.



4️⃣ Plan holistically

Combine strategies for both personal and corporate tax planning to achieve maximum efficiency.



This isn’t about avoiding taxes—it’s about smart, legal tax management under Canada’s tax laws.

Remember, keeping more of what you earn is the ultimate wealth-building move.


Do you agree? Tell me in the comments below

9 months ago | [YT] | 0