What Is The 30-Day Rule?

Mohamed Konate


Mohamed Konate, MBA Mohamed Konate is a licensed Mortgage Agent (FSRA #10530, Mortgage Alliance) and Life & Health Insurance Broker (Elite Harvest Financial) based in Whitby, Ontario, serving families and businesses across the Durham Region and throughout Ontario. With over 15 years of experience in the Canadian financial industry — including senior roles at major banks — Mohamed combines deep expertise in mortgages, life insurance, and financial strategy to help clients buy homes, renew or refinance their mortgages, and protect their families with tailored insurance solutions. He is also the founder of MyRateCompass.ca, a trusted Canadian personal finance website offering unbiased insights and practical tools to empower consumers. Mohamed holds both a Bachelor’s and MBA in Business Administration from Quebec universities, and is passionate about making complex financial decisions simple and accessible. 👉 Learn more about working with Mohamed – Mortgage Broker in Ontario 👉 Connect at EliteHarvestFinancial.ca

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What Is The 30-Day Rule?
Published by Mohamed Konate | Updated Feb 04, 2025
What Is The 30-Day Rule?
Reading Time: 4 Min Are you struggling to control your impulse purchases and wondering how to save more money? Look no further – the 30-day rule might just be the game-changer you’ve been searching for.  The 30-day rule is a technique designed to help you resist impulsive purchases. It works by introducing a 30-day waiting period before purchasing an… Continue reading What Is The 30-Day Rule?
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How Much Money Should You Be Saving From Every Paycheque?
Published by Mohamed Konate | Updated Feb 04, 2025
How Much Money Should You Be Saving From Every Paycheque?
Reading Time: 4 Min If your goal this year is to save, then putting away a little of your paycheque every month will quickly accumulate into a solid savings account. But how much should you put into savings each month? And how do you start?  This article explores the different approaches to monthly savings and offers guidelines and tips… Continue reading How Much Money Should You Be Saving From Every Paycheque?
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What Are The 3 P’s Of Wealth?
Published by Mohamed Konate | Feb 26, 2024
What Are The 3 P’s Of Wealth?
Reading Time: 5 Min Many of us dream of achieving financial success and building wealth but have no idea where to start. Enter the 3 P’s of wealth – a simple yet powerful framework to direct your actions to build and sustain wealth.  The 3 P’s stand for property, portfolio and passive income. In this article, we explore each… Continue reading What Are The 3 P’s Of Wealth?
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What is the 70/20/10 budget?
Published by Mohamed Konate | Updated Feb 04, 2025
What is the 70/20/10 budget?
Reading Time: 5 Min The 70/20/10 budget is a budgeting strategy that’s gained popularity in recent years. It allocates your after-tax income into three main categories: 70% for living expenses, 20% for savings, and 10% for debt repayment or donations.  In this article, we explore the benefits of the 70/20/10 budget and outline strategies to implement it effectively. Whether… Continue reading What is the 70/20/10 budget?
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What Is Term Life Insurance?
Published by Mohamed Konate | Updated May 15, 2025
What Is Term Life Insurance?
Reading Time: 5 Min Are you in the market for life insurance? Do you want to secure your loved ones’ future after you’re gone? If so, term life insurance might be the solution you’re looking for. Term insurance offers cheaper rates that span a set number of years, making it an ideal option if you’re on a budget but… Continue reading What Is Term Life Insurance?
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What Are The Two Basic Parts Of A Budget?
Published by Mohamed Konate | Updated Feb 04, 2025
What Are The Two Basic Parts Of A Budget?
Reading Time: 4 Min Budgeting is a financial tool that allows you to allocate your income to specific spending categories and helps you keep track of where your money is going each month. When properly managed, a budget can help you save money, track expenses, and help you align your money with your goals.  The two components of a… Continue reading What Are The Two Basic Parts Of A Budget?
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