The Power of Intent and Influence: Building Wealth Wisely

Josh Perez • September 7, 2023

Are you eager to build your wealth but hesitant to spend money in the process? It's a common dilemma, and one that many individuals face as they embark on their financial journey. In this blog post, we'll delve into a conversation between Josh and an individual seeking advice on wealth building without breaking the bank.

You're a reflection of the five closest people around you. You have to be able to talk about your wealth building goals, your financial goals, if they're a priority for you with the people around you.

The Quest for Wealth Without Excessive Spending


Imagine this scenario: You're determined to build your wealth, but you're cautious about spending money on expensive courses, seminars, or investment opportunities. What should you do? Josh, our wealth-building advisor, shares some valuable insights:


Education and Networking as Keys to Wealth Building

Josh starts by highlighting the importance of education and networking in the wealth-building process. Attending conferences, social events, and educational workshops can provide you with a wealth of knowledge and valuable connections. These opportunities often require an investment, but they can be worthwhile for your financial future.


The Role of Intentionality

Moving beyond education and networking, Josh emphasizes the role of intentionality in wealth building. To make wealth accumulation a priority, you need to set clear goals and make a conscious effort to pursue them. It's not just about attending events; it's about taking the knowledge and connections you gain and applying them to your financial objectives.


The Power of Your Inner Circle

Perhaps the most profound point Josh makes is about the influence of your inner circle. He highlights the idea that you are a reflection of the five closest people around you. This means that the individuals you spend the most time with can significantly impact your financial mindset and progress.


Open Conversations About Wealth Goals

Josh suggests that for your wealth-building journey to flourish, you must be able to openly discuss your financial goals with the people closest to you. This includes sharing your aspirations, challenges, and strategies for wealth accumulation. If those around you understand and support your objectives, it can provide you with the motivation and accountability needed to stay on track.


Adjusting Your Circle

Lastly, Josh acknowledges that sometimes, to align with your financial priorities, you may need to adjust the composition of your inner circle. Surrounding yourself with like-minded individuals who share your passion for wealth building can be instrumental in achieving your goals.

In conclusion, building wealth doesn't always require lavish spending. It begins with a commitment to learning, networking, and setting clear intentions. Moreover, it involves engaging in open conversations with your closest connections about your wealth-building journey. Remember, you have the power to shape your financial future, and your circle of influence plays a pivotal role in that journey.


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How to Finance a Spousal Buyout After Separation or Divorce

By Josh Perez • August 19, 2026
Mortgage Options During Divorce or Separation: What You Should Know If you’re going through—or considering—a divorce or separation, you may not realize that there are mortgage solutions specifically designed to help one party keep the home . For many people, the family home is their largest asset and where most of their equity is tied up. In situations like this, a spousal buyout program can allow one person to refinance the property and buy out the other party’s share—often up to 95% of the home’s value . This option can work whether you want to keep the home or your former partner does. What Is the Spousal Buyout Program? The spousal buyout program is a refinancing option that allows one owner to purchase the other owner’s share of the property as part of a separation or divorce settlement. In some cases, it can also be used to pay off jointly held debts, as outlined in a legal agreement. Below are some of the most common questions about how the program works. Is a finalized separation agreement required? Yes. Lenders require a signed and finalized separation agreement that clearly outlines how assets and debts are to be divided. This document is essential for approval. Can the funds be used for renovations or personal debts? No. Funds from a spousal buyout can only be used to: Buy out the other owner’s share of equity Pay off joint debts specifically listed in the separation agreement They cannot be used for renovations, personal loans, or unrelated expenses. How much equity can be accessed? The maximum amount available is the amount required to: Buy out the other party’s agreed-upon share of equity Pay off any joint debts listed in the agreement This amount cannot exceed 95% loan-to-value . What is the maximum loan-to-value allowed? The maximum loan-to-value is the lesser of : 95%, or The remaining mortgage balance plus the required buyout and joint debt payout The property must be the primary owner-occupied residence . Do all parties need to be on title? Yes. All individuals involved in the buyout must currently be registered on title. Your solicitor will confirm this through a title search. Does this only apply to married or common-law couples? No. While commonly used for married or common-law couples, the program may also apply to siblings or friends who jointly own a property and need one party to exit the mortgage. These cases are typically reviewed on an exception basis and require insurer approval. If no separation agreement exists, the purchase contract must clearly outline the buyout terms. Is a full appraisal required? Yes. A physical, on-site appraisal is required to confirm the property’s value before the mortgage can be finalized. Final Thoughts This overview covers some of the most common questions about mortgage options during separation or divorce, but every situation is different. Working with an independent mortgage professional gives you access to multiple lenders, specialized programs, and unbiased advice—so you can clearly understand your options and choose what’s best for your future. If you’re navigating a separation and need guidance around keeping or selling the home, feel free to connect anytime. All conversations are handled with discretion and confidentiality, and I’d be happy to walk you through your options.

How to Legally Assign a Construction Mortgage

By Josh Perez • August 12, 2026
Why More Mortgage Options Matter—Especially for Assignment Purchases One of the biggest advantages of working with an independent mortgage professional is access to choice. Instead of being limited to one lender and one set of products, mortgage brokers work with multiple lenders—each with different guidelines, risk tolerances, and mortgage solutions. That flexibility becomes especially valuable when your situation doesn’t fit neatly into a “standard” box. A great example of this is purchasing new construction through an assignment contract . Why Assignment Purchases Can Be Challenging Assignment purchases are often viewed as higher risk by traditional lenders. Rather than declining these deals outright, many lenders quietly make them difficult by adding layers of conditions, restrictions, or uncertainty. This can lead to delays, frustration, or financing falling apart late in the process. The Good News There are lenders—available exclusively through the broker channel —that have clear, favourable policies for assignment purchases. With the right lender and proper planning, these transactions are absolutely doable. Typical Financing Requirements for Assignment Purchases While every situation is unique, many lenders that allow assignment financing look for the following: Standard purchase qualification, including income verification, credit, and down payment Assignments accepted at either the original purchase price or current market value Minimum 620 credit score , with no prior bankruptcies or consumer proposals The full down payment must come from the purchaser —seller incentives cannot be used Required Documentation To secure financing, lenders typically require: The original purchase agreement signed by all parties The MLS listing (if applicable) The assignment agreement signed by the builder, original purchaser, and new buyer Any side agreements outlining changes to the purchase price A full appraisal to confirm value This list isn’t exhaustive, but it highlights that while assignment purchases require more coordination, they are very achievable with the right lender and guidance. Final Thoughts Assignment contracts can open doors to great opportunities—but only if your financing supports the transaction. This is where access to multiple lenders and specialized policies makes a real difference. If you’re considering purchasing new construction through an assignment, or if you’d like to explore more traditional purchase options, feel free to connect anytime. I’d be happy to walk you through the mortgage products available and help you choose an option that doesn’t limit your financing possibilities.