No Other Day is a community of Canadian advisors. Your numbers in plain words, a known order for your next dollar, and one person who knows your city and your goal. Answers within one business day.
Nine steps, in order. Everyone is standing on one of them today. Find yours, and that is where your next dollar goes.
01
Take the match
If your employer matches retirement contributions, put in enough to get all of it.
02
Start a buffer
Set aside $1,000 to $2,500 you can reach within a day.
03
Protect the household
Cover the people who depend on you before you build anything else.
04
Clear expensive debt
Pay the minimum on everything. Send every spare dollar to the highest interest rate first.
05
Finish the emergency fund
Build three to six months of essential expenses in a high-interest savings account or a cash equivalent.
06
Fill the tax-advantaged accounts
Use the accounts that fit your life, in the order that fits your tax rate and your goals.
07
Decide on the mortgage
Choose, on purpose, between extra mortgage payments and investing.
08
Invest for the long goals
Diversified, low cost, matched to your time horizon and your tolerance. Automated.
09
Build and give
With the foundation secure, direct the surplus toward what you have chosen.
See where you stand.
Four short checks you answer yourself. Each one takes your numbers and gives back a number and a date. Your answers stay in this browser until you choose to send them.
01Your step
Find the step you are on
Nine yes-or-no questions, in order. The first one that is not done is your step. Everything above it is done; everything below it can wait. Your answers stay in this browser.
01Take the match
02Start a buffer
03Protect the household
04Clear expensive debt
05Finish the emergency fund
06Fill the tax-advantaged accounts
07Decide on the mortgage
08Invest for the long goals
09Build and give
Question 1 of 9
Do you get the full employer match on your retirement contributions?
Neither answer is wrong. Not deciding is. Put your mortgage rate next to the return you expect, after tax, and see the two numbers side by side.
03Room
Check an account before the deposit
Over-contributing to a TFSA is penalised. Enter the year you turned 18 (or became a resident) and what you have put in, and see the room that is left. Confirm it with the CRA before you deposit.
04Your summary
Take it to an advisor
Everything you entered, on one card. Add your province and the question you want answered, then copy it or send it. Nothing leaves this page until you do.
Accounts and products we work with: TFSA, RRSP, FHSA, RESP, RDSP, Non-registered, GICs, TSX index ETFs, Term life, Disability, Critical illness, High-interest savings.
How a plan gets built.
1
You describe your life
Where you live, who depends on you, what is coming next. Add your statements if you want; a sentence is enough to start.
2
We read your numbers
Income, debts and their rates, what each account holds and what room is left. Every figure in dollars, dated.
3
Your next dollar is placed
The nine steps, in order, with your step marked. Above it is done; below it can wait.
4
One advisor, one business day
A person who knows your province, your tax and your goal. One name, one number, answers within one business day.
5
You decide, in writing
A one-page plan: the amount, the account, the date. No fee to you, and that is written on the plan. You can stop any time. Your money stays yours.
Which best describes you?
No Other Day works for different lives and different stages: a first job, a growing household, the last ten years of work. Choose the one closest to yours to see how the same nine steps apply.