WFGSurRinder Varpaul

Do you have a will? Do you really need a will? Have you planned your estate? Do you want to reduce tax on capital gains? For more than 20 years, World Financial Group, a Transamerica company, has helped countless individuals and families find financial security through our life insurance, retirement and wealth-building strategies. And we can do the same for you. Contact our office today to speak with Surrinder Varpaul at 604-908-7526, or email him at s.varpaul@gmail.com. Watch for our upcoming seminars where you can learn more about building your financial security.

About Surrinder Varpaul

Born in Singapore, I served in the army in Singapore before moving to England, where I studied law and practiced until 1990. After moving to Canada, I was introduced to the financial services industry. I saw a huge need for financial literacy and began teaching consumers about how money works.

I prefer to have our classes small and intimate, with around 10 to 15 people. Having an informed consumer is critical. I realize that this knowledge should be taught in schools.

Surinder Varpaul - WFG

How’s Your Financial Literacy? We are here to help…

Do you consider yourself an average Canadian? If so, then it is extremely important to consider these statistics. The average Canadian saves less than any other nationality in the Industrial World. In fact, we only save 5.4% of our disposable incomes. It is a sad fact but many Canadians do and will retire in poverty. According to a Statistics Canada study, 70% of Canadians age 65 and older are living on a meager income. This affects not only retired people but widows and orphans as well.

Canadians earn enough money in their lifetime. Average net salary in Canada for 2020 is $54,817. Translate that into 40 years of working gives us $2,192,680. The paramount mistakes most people make is that believing that since they know how to earn money, they also know how to invest it. Yet in reality the numbers show that few have the necessary understanding or “Financial Literacy” to make good decisions.

Even after accounting for other demographic factors such as level of education, age and income, those with higher financial literacy scores were more likely than those with lower scores to financially prepare for retirement and know how much they needed to save.

Financial planning is a process. It takes time to educate ourselves, commitment to our goals and even some sacrifice – we may not be able to have it all right now. The good news – The results can be greatly rewarding.

Live class about financial