Finances

Want to avoid some mistakes in your 20s? Michael tells you the things he wish he knew when he was 20 – today on the Pembroke Blog!

A decamillionaire is simply someone with a net worth of over ten million of a given currency. It used to be that having a million dollars was enough, but now inflation has reared its head and a million doesn’t get you as much as it used to.

Buy a home or invest in your retirement. Inquiring minds want to know which Michael Menzies, Financial Advisor, recommends.

Do you want to retire young and happy? Do you want to retire early, have more time to travel with your friends or family? Would you like the freedom to do whatever you want, whenever you want, with whomever you want? Are you tired of waking up early every morning to do the 9-5 thing at.. More

“It’s MY money and I need it NOW!” You may have heard this phrase in one of JG Wenworth’s well-known commercials. You know the one: people are yelling out of windows, “It’s MY money and I need it NOW!”. It’s supposed to help us feel empowered to take the money that is rightfully ours to use when we want to. Instead it leaves.. More

If you remember that your net worth is calculated by the total of your assets minus your total liabilities, than you can work on increasing your net worth.

So, you just inherited a large amount of money – now what?
You may be thinking this is the best day of your life. If you lost someone you love, cared for and were close to it may instead be a painful day. Either way we want to help you navigate the waters of inheritance and a sudden influx of cash.

How to Manage Your Finances When Your Parents Didn’t

Written by Pembroke Insurance Advisors

Whether or not your parents were great with their money or did all the right things financially, should not play a major role in how you manage your finances. You probably look to your parents for guidance in a lot of areas, but sometimes their financial advice is not always the best advice for you and your family.   According to a  survey from the Insured Retirement Institute, in 2018 only 24 percent of baby boomers (ages 51-69) were confident they had.. More