This year’s dental fee guide increases have been announced. While all dental plans don’t always use the current year’s fees as their default, I think it’s fair to say that it is a required criterion for any dental plan to be qualified as at least “good.” Here are the increases by province for 2021. PROVINCE* […]
“Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.” In David Copperfield by Charles Dickens (free copy obtainable over here) there exists a wonderful character named Wilkins Micawber. Mr. Micawber, who is said to be modeled on Dickens’ own father, is a […]
What would you say is the number 1 reason that people don’t achieve their financial goals? What do you think the greatest single threat to financial un-breakability is? It isn’t lack of information. It isn’t lack of motivation. It isn’t lack ability. It isn’t lack of resources. It isn’t the plethora of bad advice out […]
If your goal is to be financially unbreakable you want to avoid these 10 common mistakes. Procrastination. This is the biggest money mistake of all – putting off until tomorrow what should have been done yesterday. This is simply financial suicide on the installment plan. Failure to Establish an Overall Structure, Philosophy, or Process for […]
Here are 9 reasons you should buy life insurance: Replace lost income and guarantee the standard of living for your loved ones should you die too soon. Cover final burial/cremation expenses. Create or cement your legacy (your legacy could involve or be aimed at family, community, charity, church, almost anything that you want to be […]
When doing retirement and financial planning there four investment risk factors one must be aware of and prepare for. Understanding what these are and how to mitigate them will greatly increase one’s financial certainty and avoid the greatest risk in financial planning: running out of money. Risk of Loss Risk of loss is the risk […]
There are, depending on one’s definition, two or three phases in a person’s financial plan. These are: accumulation preservation decumulation For most of us, we make money, we put it somewhere to grow, and then we use it when we stop working. Markets fluctuate and investments go up and down but, in the end, they […]
There is a saying among pilots and aviation enthusiasts: “Every takeoff is optional, every landing is mandatory.” Financial planning is no different. Every opportunity must be scrutinized but the end result – maintaining a lifestyle to which you are accustomed and that meets your basic needs — is essential. If your portfolio […]
Volatility is not the same as risk. Let me be clear, volatility is not the same as risk. Financial people like to equate the two because it’s easier to sell something if you say, “It’s volatile,” vs “There is some risk.” Volatility is when the value of something fluctuates in an unpredictable way. The greater […]
Real World Financial & Risk Planning Isn’t Simple Math All financial planning is a reflection of most common real-world planning problems. It’s about the allocation of limited resources in the face of an uncertain future. Another term for this is risk management. Like all successful and sustainable systems or processes, proper financial planning is a result of dichotomous ideas […]
