When
did we lose our way? I am a baby boomer. Growing up life was simple. We didn't
have much, we didn't want much, and we certainly didn't expect much.
Today
with social media, radio, television, we are inundated with advertisements of
what we should want.
With
47% of Canadians living pay to pay, when did we get lost with what we wanted instead
of what we needed? Today
it is a balancing act to get what we want, get what we need, using all that we
got.
So
using all that we got, we now find ourselves in a position of living with
massive debt. Those 47% of Canadians living pay to pay would find themselves in
a financial pickle if their pay were delayed by even one week.
What
happened and how do we change this?
This
is where the trade off happens. You have to go back to basics. Start going over
where all the money is being spent and where a lot of expenses could be cut.
Start
by listing the expenses of what you need. These expenses would be food,
shelter, clothes and transportation.
The
rest of what you're spending your money on, you need to take a hard look at. No
more keeping up with the Joneses. What's important is a happy family. The
family is happier with little or no debt than the stress of living with a lot
more useless stuff and the stress of massive debt.
Think
about what's important about money to you and make some changes in your life
today. The ultimate goal should be happiness and living a debt-free life.
Linda
J. Levesque, CFP®, FMA, FCSI®
Sr.
Investment Advisor
Director,
Private Client Group
HollisWealth, a division of Industrial Alliance Securities Inc.
HollisWealth, a division of Industrial Alliance Securities Inc.
Levesque
Wealth Planning
Insurance
Advisor
HollisWealth
Insurance Agency Ltd.
One
Corporate Plaza, 2075 Kennedy Road, 5th Floor, Toronto, ON M1T 3V3
Tel: 416-412-8018 / 1-800-322-4030
Fax: 416-332-6772
linda@levesquewealthplanning.com
Tel: 416-412-8018 / 1-800-322-4030
Fax: 416-332-6772
linda@levesquewealthplanning.com
‘Saving Today for a
Richer Tomorrow’™
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Levesque
This information has been prepared by Linda J. Levesque who is a Sr.
Investment Advisor for HollisWealth® and does not necessarily reflect the
opinion of HollisWealth. HollisWealth® is a division of Industrial Alliance
Securities Inc., a member of the Canadian Investor Protection Fund and the
Investment Industry Regulatory Organization of Canada. The information contained
in this newsletter comes from sources we believe reliable, but we cannot
guarantee its accuracy or reliability. 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 of the securities mentioned. The information
contained herein may not apply to all types of investors. The Investment
Advisor can open accounts only in the provinces in which they are registered.
For more information about HollisWealth, please consult the official website at
www.holliswealth.com.
Insurance products provided by HollisWealth are provided through
HollisWealth Insurance Agency Ltd.
