Diversification is the process of helping reduce risk by investing in several different types of individual funds or securities and works hand in hand with asset allocation.
There are three ways to manage money: Market timing, security selection, and asset allocation. The first two, in our view, involve too much luck and risk.
Cash management is the understanding and analysis of what you earn, what is deducted (e.g. taxes), what you spend and what you save.
Estate planning can have a lasting impact on your family – though not as much as not doing it.
Credit, like a knife, is neither good nor bad – it depends on the use to which it is put.
Building net worth over a lifetime requires prudent planning and the implementation of sound strategies. Insurance is an important element of any sound financial plan.
Everyone needs a financial plan for their life, from those with ten dollars to those with ten million. Life takes money – whether you plan or not.
Investing requires the trade-off of present income (consumption) for future income (consumption).
Your broker works for you – not for the insurance company.
The most valuable asset that the vast majority of the adult population has is the ability to work to earn the income required to provide for a reasonable lifestyle and to build net worth.
Are you covered against the primary critical illnesses, such as cancer, heart attack and stroke that can cause emotional and financial distress?
You will need 4 to 10 times the amount you paid for your house to enjoy a comfortable retirement.
A home is one of the largest purchases most people make during their lifetime. Therefore, homeowners' insurance protection is critical and strongly recommended.
Without proper retirement planning, you can be faced with a significant cut in your income at retirement, requiring dramatic changes to the lifestyle to which you have become accustomed.
Maintaining your quality of life after the diagnosis of a critical illness and dealing with financial commitments can cause hardship for you and your families. Critical illness insurance can protect your family's future.
“Death is not the extinguishing of the light, but putting out the lamp because the Dawn has come.”
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Bereavement is a powerful, life-changing experience that most people find overwhelming. Although grief is a natural process of human life, most of us are not inherently able to manage it alone. At the same time, others are often unable to provide aid or insight because of discomfort with the situation and the desire to avoid making things worse.
Dealing with death is a life experience that no one wants to face. Most of us at one time or another will experience the loss of someone we love. There is no way to avoid the pain completely, but we can find ways to cope, to become stronger, and, eventually, to find peace.
Though the death of someone you love may feel like a full stop on the page of your life, it really is just a comma. You may feel like your life, too, has ended but it has only paused – it is a pause for grieving, mourning and for reflection, reassessment and redirection.
It is difficult to make decisions or even know where to start after the death of someone close to you. When you are grieving, it is hard to think clearly.
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More than you want and less than you need
Often, in the seminars and workshops we do, we are asked about the purchase of whole life insurance vs buying term life.
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