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I help people invest in the green

enviro investmentMy new role I have decided to pursue involves helping people and investment companies invest in “green projects” and “green companies”. There is a common misconception that investing in the environment is only good for the environment but not our wallets. Quite frankly this couldn’t be further from the truth. People are willing to pay premiums for products if it is at the benefit of the environment. So manufacturers have their costs lifted slightly, but their revenue can be lifted significantly.

Note: Before reading on I will make this post sticky so that everyone knows what I do and how I can help. If you want to follow along with the rest of my blog, then you will see the journey of how I learned how to both be in debt and pay off debt.

Ways To Invest

You might be sitting (standing) there thinking, “okay Jose, that’s great and all, but where do I even begin to become an environmental investor?” This is an especially important question for the small to medium sized investor, the average person and someone looking to do good with their money but still see financial growth.

Stock Market

The number one way, and obviously, the easiest way to invest in green companies from the NYSE or TSX. There are many, the trick is to both do your environmental homework as well as make a sound financial investment.

Direct Investment

Another option is simply find a local company with an environmental mission you believe in! A lot of companies are looking for funding, some even have rounds of investments where you can get in early and pick up a large amount of shares for the $10,000 mark. You just have to find that next great opportunity.

Well, Me Of Course!

Then, there’s me, Jose. What I do is create a “Green Marketplace” where I’ve pooled many green-focused companies together and created an investment pool. So that you have the option to invest in one “off the shelf” or we can create a portfolio of the ones you like the most.

Wondering what my story is? That’s fair. Read my about page and dive into my story a bit. Learn how someone that had an enormous amount of income was able to learn how to properly pay off debt and invest for himself.

If you’re still not convinced, check out this video of a Ted talk on Sustainable Investing. It should help clear any doubts up that you might still have:

Canada Bankruptcy Laws: Leaving No Stone Unturned

You’ve been working your entire life but you don’t have anything to show for it. You’re so knee deep in debt that you’re absolutely clueless about the direction your finances will take in the future. Basically, you’re bankrupt. However, have no fear as there’s a solution to all your problems. Filing bankruptcy is certainly the way to go. A successfully filed application allows you to get your finances back in order without the legal hassles of fending off a barrage of claims from persistent creditors. Learn more about Canada bankruptcy laws in this article.
Keeping Creditors At Baystop wage garnishment

One ordinarily applies for bankruptcy when ones patrimony or estate consists of debts that exceed current income. When this happens, your estate is frozen momentarily and surrendered into the hands of a trustee, whose sole task is to administer the insolvent estate on your behalf. Freezing in this sense means creditors are prevented from attaching your property for the purpose of fair allocation among creditors.

Exempt assets

A lot of people want to know whether being insolvent means creditors shake you for all that you own, including the shirt off your back. This is not true, it’s the opposite actually. Let me explain. There are certain assets that are excluded from the insolvent estate, like:

  • A principal residence with an equity value of below $10 000 (equity is the difference between the value of your house and the amount owing on it).
  • You’re allowed to keep 1 car with a value below $6 600. Any excess should be remitted to the insolvent estate

How to claim bankruptcy in Ontario? Great question, let’s take a quick peak. The first step to knowing how to claim bankruptcy in Ontario is to know what it actually entails. You can’t do without a little background knowledge as knowledge is power.

The True Beauty of It All

This biggest part of all of this is not just about discovering how a bankruptcy works or even opening the door to consumer proposals, but instead learning how to once and for all stop wage garnishment and get your paycheck back where it belongs; your pocket.

Need solutions from an expert?

Visit this directory listing here: https://www.ylm.ca/ylm/ylm_comp_detail.aspx?comp_id=616659&name=Hoyes%2C+Michalos+%26+Associates+Inc.&f=toronto

There is a lot of great information on this company and they will be able to steer you in the right direction. This is especially true as real estate prices go up and up and up in Toronto over the next few years.

Investing Through Hardship

I get asked a lot of great questions and once in awhile I feel the need to share both the questions and insights from  myself (and the people in my financial network). One of the biggest questions I was asked recently was phrased as a situation and I will copy it here.

I’m currently going through hardship, I almost completely lost my job but was able to convince my employer to keep my on at 50%. It’s hard to maintain the same level of living at 50% of the income especially when you can’t put 100% of your effort into finding a new role. My question however is if I should still be investing? I was putting 15% of my income away and investing it in stocks and ETFs. Which means I was used to living on about 85% of my income, well, more like 70% because another 15% went towards debt. But should I keep those ratios the same, or cut down the debt payments and stop investing? I don’t want to get even more worse off than I am now.

investing while strugglingGreat question! Do you continue investing even when you need that money to live? Yes. You do whatever you have
to do to make it work. And I stick strongly to that. Ideally you have an emergency fund built up to use in the interim. But the fact is your future self won’t have nearly as much income as your current self. So just try to think of living on 25% of your income without any supplement. Imagine that, 25% of your income. So you should try doing that now for as long as you can manage so that you don’t have to do that later when you want to relax and retire.

That being said there is a breaking point. There is a point at which the debt load gets far too high to bother trying to manage without tapping into your funds. Before selling everything you own, we strongly recommend seeing a debt professional. And no I don’t mean people at cash money markets or even someone that might give you an expense consolidation loan. I mean you need someone that is a licensed professional.

For example, you can find a map of Toronto bankruptcy trustee and associates around the area.

Hoyes, Michalos & Associates Inc.
8 King Street East
Suite 812 (8th floor)
Toronto, Ontario
(416) 815-7515

They will be able to provide you with a lot of information or you can furthermore visit the Bankruptcy Canada website for facts and information on Canadian bankruptcies.