Sourabh Deshpande @WealthAutonomy

Helping professionals and entrepreneurs navigate complex financial decisions with confidence | Scotia Wealth Management deshpandefinancial.com Vancouver, BC Joined March 2009

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Sourabh Deshpande @WealthAutonomy

2 weeks ago

@ronmortgageguy Thanks, definitely leaning towards it. Always appreciate your insights.

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Sourabh Deshpande @WealthAutonomy

a month ago

@skmj4694 @ronmortgageguy I pray you’re right, but I think the public is going to eat this Trump stuff up and we’ll be right back where we started. But with a higher deficit due to an unnecessary election.

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Sourabh Deshpande @WealthAutonomy

2 months ago

@Shawnquennevil4 @ronmortgageguy 53% of Canadians with a home have a mortgage. The rest are mortgage free...

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Sourabh Deshpande @WealthAutonomy

2 months ago

@BoomerDivvies @beck_pete Are you buying diamond rings and $10k in hotels every month? If not, $6k sounds pretty normal.

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Sourabh Deshpande @WealthAutonomy

2 months ago

@CafecitoFinance @DadisFIRE Both true and fair points. How many people retire at 50-55 if they haven’t already got a paid off home though? I have many clients that have retired at those ages, none that didn’t have a paid off home.

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Sourabh Deshpande @WealthAutonomy

2 months ago

@HappyVibesMan @MPelletierCIO It’s actually kind a of a joke. These developers are buying a $1.5M fixer upper and building 4 plex’s on a 5000-6000sqft lot, selling each unit for $1.5M. And they were selling fast until 12-18 months ago.

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Sourabh Deshpande @WealthAutonomy

2 months ago

@MrNQDC @126613LBSUB @Giannangeli_28 @DadisFIRE Claiming none of those are actual professions is kind of wild. Bad apples can give any profession a bad name. That does not make it any less of a profession. Whether you charge AUM fees, flat fees or commissions - you can be a good advisor, or a bad one.

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Sourabh Deshpande @WealthAutonomy

2 months ago

@MrNQDC @126613LBSUB @Giannangeli_28 @DadisFIRE Bottom line: it’s never about the fees unless there’s no value being provided. At the end of the day, if the client gets value, they will continue to pay with no issue. I’ve never had a client complain about fees. Not one. And I’m in the mid-to-high range.

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Sourabh Deshpande @WealthAutonomy

2 months ago

@MrNQDC @126613LBSUB @Giannangeli_28 @DadisFIRE Realtors charge a % of the value of the asset (often for very little actual value). Mortgage brokers/lenders earn a % of the borrowed amount. Business Brokers, M&A advisors. Lawyers charge a % of settlement or judgement. Recruiters/executive search firms. Sports agents.

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Sourabh Deshpande @WealthAutonomy

2 months ago

@UpperEchelonUS @mcuban Unless you have more successful businesses or more money than @mcuban, you just sound bitter.. You can disagree with someone without name calling them. 🤷‍♂️ Mark has probably accomplished more in his life in a few years than most people do in their entire life.

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Sourabh Deshpande @WealthAutonomy

2 months ago

@CatLadyCapital It’s not popular because it’s just not right 🤷‍♂️

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Sourabh Deshpande @WealthAutonomy

3 months ago

@AaronHectorCFP @willbarreca Hahahaha great analogy

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Sourabh Deshpande @WealthAutonomy

3 months ago

@BagelJoInvestor @CanadaTaxGuy Exit tax?

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Sourabh Deshpande @WealthAutonomy

4 months ago

@thesammenard @ronmortgageguy In many cases they did (ie. blanket approvals).

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Sourabh Deshpande @WealthAutonomy

6 months ago

@AnujAggarwal44 Loooooool

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Sourabh Deshpande @WealthAutonomy

6 months ago

@smaugizbored @MarkMcGrathCFP @benjaminfelix @altruafinancial Is that really true, though? When you’re renting, the costs and struggles are just different. You may have to move more often than you’d like, which has both direct and indirect costs. Plus, not having 100% control over where you stay long term is a big negative IMO.