I am sure that none of you reading this would think that building a house by beginning with the roof would be a great idea. In fact it would be impossible. The roof would need support. Let’s use the analogy of a house to see the elements of a financial plan and their priorities.
Every house starts with a foundation. The foundation of financial success is as follows:
A. Will, Income Protection, Emergency Fund
This is the first issue of my financial newsletter I am providing to you. It will be published 5 times for a trial period of one year. Included with this first issue is a short survey. Future issues of this newsletter will make use of your comments and suggestions. Please email your responses or keep the survey for our next telephone or in person meeting,
Wallet Woes: The Rule of 72 in reverse.
How many of you would purposely drop a toonie down the grate of a downtown sidewalk? Would you leave your five-dollar bill on a windy open windowsill?
Which would you prefer, paying a parking or speeding ticket or having strangers help themselves to money from your wallet?
Did you know that beside the revolving door to the Bubble fields at the Calgary Soccer Centre there is a sign that says Please Use Common Sense When Entering.