The 50-30-20 Rule
Posted on:"At this point last January, I was determined to change my relationship with money forever," says Daniel. This is a New Year's resolution he shared with 69% of Canadians last year1. However, unlike most others, Daniel has been able to stick with his promise to get control of his financial life. "I'd say 100% of my success comes down to working with a financial advisor who offered me a powerful…
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Which Type of Investor Are You?
Posted on:Many investors are very focused on annual returns and others worry about losing money if the economy goes into a recession. The reality is that how to approach or react to different scenarios really depends on what type of investor you are. In other words, context and your financial plan are everything! The first investor is usually a younger individual (or family), likely under age 50, that…
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Teaching Children Financial Independence
Posted on:Now may be the perfect time to teach your children about financial independence. There are plenty of real-life examples in the media of how not to manage your finances. To really teach children money management skills, they must learn to handle money personally and to make consequential decisions on how to manage it. An allowance is an ideal way to set a solid financial belief system for your…
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Gifts That Keep On Giving
Posted on:It's that time of year when wish lists for gifts are circulating. Before purchasing that iPad, game system, e-bike or leather jacket, consider a gift that will keep giving well into the future. After years of overspending on her children, this is what Maude will be doing this year. "I'd hate to add up what I've spent on toys and gadgets while my children were growing up. They're adults now, one…
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Healthy, Wealthy and Wise
Posted on:According to the Financial Consumer Agency of Canada1, good health is determined by mental, physical, and financial wellness. In other words: mind, body, and money. Physical and mental health makes sense, but what is financial wellness? Financial wellness doesn’t necessarily mean you have millions of dollars invested, although you’ve achieved an admirable goal if you do. While it’s not about the…
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