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| Thursday, 21 July 2011 14:06 |
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The Purpose of the Learning and Resource Centre is to examine the main areas of financial planning:
In addition I want to add tools ands resources that can help you particpate in evaluating where you are, what you must do, and helping you define your goals.
A good starting point in building your financial savvy is to examine your Financial I.Q.
Let's have some fun, let's take a quiz to see what you know now. Surprised by the result? If so some of the sections below can help you learn the basics of money.
Planning is Fundamental
In 36 years of helping Canadians I am amazed at how little time they spend on planning their finances.
Unfortunately, we find either people fail to plan or purchase products without an overall strategy. Eitherway these are recipes for disappointment.
I ask people what their financial plan is when I initially meet them and they show me their portfolio. A portfolio of investments is not a plan. No One Plans to Fail... People just Fail to Plan.
So the First Step to becoming financially successful is Planning This is our core capability. In the following sections we will discuss the basics on a variety of topics.
The Basics Too often clients try to build the walls and roof of their financial house without a firm foundation. These articles will help you build the right foundation.
Investing You wouldn't set out on a trip without a map and a plan, why should investing be any different? Sadly too many people don't master first principles and often are hurt in the process. Learn the basics, you will sleep nights and be wealthier.
Retirement Planning Canadians have one fundamental question when they are thinking of retirement How much capital must I have by the time I retire so that I won't outlive my money?
There are two things to consider here:
We are going to try to help you answer these questions. Learn more....
The Magic of Life Insurance Life insurance is fundamental. With the stroke of a pen and by paying just pennies on the dollar, Canadians of all means can instantly create an estate for their families. Learn more about insurance here
Living Benefits Insurance
Living benefits insurance is designed to pay you cash or an income or both while you are alive in the event of certain circumstances.
There are three main plans under this umbrella term and each will be discussed.
Tools and Resources I try and keep on top of useful tools and links that can help you succeed financially. I will add to it periodically.
If you have a good resource let me know by way of a comment. I'd be glad to post it.
Great Personal Tax Calculator from Price Waterhouse and Coopers
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| Last Updated on Saturday, 10 September 2011 12:03 |
