At OZ Capital, our goal is to help secure your financial future.
One of the ways we do this is by demystifying the private investing process, educating our clients on how we take the guesswork out of it, and not making assumptions.
Our co-founder Oleg Shiller shares a story of this approach in action.
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Recently, I was having a conversation with an OZ Capital private lending investor who works at a financial institution.
They have RRSPs and TFSA invested elsewhere, and I brought up the TFSA, asking them if they receive our marketing emails.
When they confirmed that they do, I asked them, flat-out: Did you know we pay monthly? One of the best things about having a TFSA through a Mortgage Investment Corporation (MIC) is the ability to earn passive income from it.
They replied that they didn’t know that was possible. I assumed that they did.
They immediately took interest, asking how it works.
I explained the basic process: if you invest the 2024 TFSA contribution of $95,000, you generate a return of more than $700 a month, tax-free.
It was a Eureka moment for them: that $700+ a month was now a car payment they wouldn’t have to worry about anymore.
The passive income was appealing to them, as someone whose current TFSA investments were tied up in stocks.
It was also a Eureka moment for me: I made an assumption that someone who is a fluent investor of ours – and is used to private lending – would know they could earn a sizable amount of passive income through a TFSA with OZ Capital.
I no longer make these assumptions, and now everyone is better off for that.
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To learn more about how to generate passive income through a TFSA with OZ Capital, please book a call with us.