Ash Sourk- Scotiabank Home Financing Advisor

Over the last 15 months, people have come up with lots of different ways to earn income with the free time that came with the pandemic. Here are 5 easy ways to earn money and save for your next big purchase!

✅Flipping
-We've all heard the phrase "buy low, sell high". Flipping is the art of finding undervalued or underpriced goods and selling them at a higher price. The beauty of it is that any one with any budget can get started and there are always spots to make money, it just takes time, some product knowledge, and some negotiating skills. You would be surprised what markets exists right around you.

✅Ride Share Apps, Skip/Doordash,
- These companies are always looking for new drivers, the hours are flexible, and all you need is a drivers license. The average Uber driver makes $18 an hour so even at 10 hours a week you can supplement your income by over $500 a month.

✅Turo
- Turo is an up and coming car share company which allows people with extra vehicles to rent them out for a profit. Think of it as Airbnb but for cars.

✅Teaching
- if you have a particular skill or knowledge in a specific field, teaching can be the side hustle for you. Online course websites like Kajabi or Teachable, Webinars, or in-person classes are all options to take a look at and you would be surprised how many people are interested in learning in non-formal settings like this.

✅Freelancing
- Much like teaching, people with technical skills can earn extra income freelancing. Sites like Fiverr and Upwork have made it easy to connect with people all over the world but this can also be done close to home.

Let me know what kind of hustles you've gotten into over the last year!

If you're in the market for housing, then you've probably wondered whether you should go variable or fixed

Both of these options have their drawbacks and ultimately the right answer differs depending on people's risk tolerance, lifestyle, and future plans.

Fixed Rate Pros
- Certainty in payments for your entire term
Cons
- Generally higher rate than comparable term variable
- Possibility of large penalties for breaking your term early (refinancing, selling)

Variable Rate Pros:
- Generally lower rate than comparable fixed rate
- 3 month interest only penalty for breaking your term early
-Ability to lock in to a current fixed rate
Cons
- Prime rate fluctuations can affect your monthly payments

Give me a shout if you want to discuss what's best for you!

604-839-0139
[email protected]