Hello;
Here are some tips to build lifestyle success for your future.1 (Empire Life 5 tips for financial success later in life Jan. ’24)
Have a plan
- Having a plan reduces stress since you have a roadmap to guide you. How else will you know that you’re on track? Following a plan builds confidence.
- If you don’t put in the effort to write down, follow and review your plan for retirement, your plans in retirement will be a lot simpler and less fulfilling.
Reduce Debt
- The money you spend on spend on interest expenses could be working for you, building your capital pool and giving you some peace of mind today and tomorrow.
- Try an make your debt manageable and that you have an end goal to retire it before you are retired.
Have long-term savings
- What can you do to boost your long-term savings? Participate in a company plan if one is available. Take advantage of TFSA and/or RRSP. Optimize any opportunity to save money in a company savings program where the company matches contributions.
Practice saving money
- Pay yourself first. Set a goal and stick with it. Practice builds habits. You can build habits now and save even more later.
Set realistic expectations
- It’s key to being more content all the way through life. Set goals that are achievable. This can help build confidence in your ability to save, invest and accumulate money for the near term, medium term and the longer term so that you can live comfortably when you get older.
Sincerely,
Mike Busby (1-Apr-24)
THE COMMENTS CONTAINED HEREIN ARE A GENERAL DISCUSSION OF CERTAIN ISSUES INTENDED AS GENERAL INFORMATION ONLY AND SHOULD NOT BE RELIED UPON AS TAX OR LEGAL ADVICE. PLEASE OBTAIN INDEPENDENT PROFESSIONAL ADVICE, IN THE CONTEXT OF YOUR PARTICULAR CIRCUMSTANCES. THIS ARTICLE WAS WRITTEN, DESIGNED AND PRODUCED BY MIKE BUSBY FOR THE BENEFIT OF MIKE BUSBY WHO IS A FINANACIAL ADVISOR FOR BRANDON LINDSAY INSURANCE AGENCIES, A TRADE NAME REGISTERED WITH INVESTIA FINANCIAL SERVICES INC., AND DOES NOT NECESSARILY REFLECT THE OPINION OF INVESTIA. THE INFORMATION CONTAINED IN THIS ARTICLE COMES FROM SOURCES WE BELIEVE RELIABLE, BUT WE CANNOT GUARANTEE ITS ACCURACY OR RELIABILTY. THE OPINIONS EXPRESSED ARE BASED ON AN ANALYSIS AND INTERPRETATION DATING FROM THE DATE OF PUBLICATION AND ARE SUBJECT TO CHANGE WITHOUT NOTICE. FURTHERMORE, THEY DO NOT CONSTITUTE AN OFFER OR SOLICITATION TO BUY OR SELL ANY SECURITIES. MUTUAL FUNDS OFFERED THROUGH INVESTIA FINANCIAL SERVICES INC.
