At Timeless Financial,we simply call it the ‘Prosperity By Design Plan’. It is a plan based on financial priorities. We believe that to get ahead financially it takes more than just buying products, rather it`s about understanding what you’re buying and then committing to it for a long-term.
Cut back on everyday expenses where possible. For instance, reducing the number of times you eat out and entertain. This will reduce your expenses by $50 per week (approximately $217 per month) and add that to your monthly savings, it would accumulate to approximately $79,914 over a 20 year period, assuming a daily compounded interest rate of 4%. If you add the monthly savings to an account for which you are receiving an 8% rate of return, the savings would accumulate to $129,086 after 20 years.
Although it is never too late to start saving for retirement, the longer you wait, the harder it becomes to meet your goal. For instance, if your goal is to save one million for retirement and you start twenty years before you retire, you will need to save $27,184 each year, assuming a rate of return of 5.5%. If you wait for five years to start investing and you plan to retire within 15 years from that time; you will need to save $42,299 per year, assuming the same rate of return.
If you ask an average person on the street the question, "what is your most valuable asset"? You will get many different answers. “My house, my car, my boat” are some of the common answers we get to hear. But the reality is that none of those are the most valuable assets. While we agree that a home is valuable, but what is more valuable is the income that pays for the mortgage or pays for the car. Your ability to earn income is by far the most important asset that you possess. For instance, if you earn $40,000 per year, you will earn $1,600,000 in your lifetime considering you work for 40 years and never get a raise in your salary. So it just makes sense to protect that income. While we all anticipate being healthy and living a long life, the reality is that some of us will get injured, sick or even pass away prematurely. To prevent the hardships on yourself and your family, we strongly recommend you ensure that you have proper protection, which is far more important than merely buying an insurance policy.
How would it feel to be totally debt free? We mean everything - no mortgage payment, no credit cards, no car loan. It would feel great! The first step of getting out of debt is to make a decision for once and all that you will get out of debt. The next step – Attack! We have to treat debt like an enemy, it you don’t kill it first, sooner or later it will kill you. Sounds harsh, well it’s the truth. Debt causes stress, which causes illness, which causes death. So this is serious stuff we’re talking about here. Once you have made your decision to get out of debt, the next step is to sit down with a professional to create a debt elimination plan. At Timeless Financial we have access to many tools and strategies that can help you get out of debt sometimes in half of the time without making any additional payments.
The general rule of thumb is to save 10% of our income every month. With this rule, one could expect to live comfortably in retirement. The challenge most people find is learning how to save. However, with help of a qualified financial advisor, this can be accomplished quite easily. One of the principles we teach all of our clients is the idea of paying yourself first. Every month we earn income and then we pay other people. We pay for mortgages, utilities, groceries, we even pay our kids allowances, but where most people fail is to pay themselves for their future security. If you choose to spend first and save what is leftover, you will never have enough money left over to save. However, if you pay yourself a small amount every pay cheque first then spend what is leftover, it is quite possible you will retire wealthy. The second part of saving is determining where to save. This is where we sit down with individuals and families and help them find the right solutions with the right company for them.
If you follow steps 1-4, chances are not only can you live life comfortably today, but also have a great future. But there are always situations, where no matter how hard you try, you simply cannot save money because all of your expenses are necessities. In that case, the natural thing to do is to seek out part-time employment or opportunities to get ahead. There are many options available if someone is willing to work hard and commit to learning. . We don`t know what your passion or interests are but always remember, there is nothing in this world you cannot achieve or become if you try hard enough. We would be happy to discuss them with you.
We believe in every advisor’s potential to excel. We believe that the multi-faceted currents of Canada’s growth will support a bright, sustainable future for families nationwide. We believe that access to financial services and competitive insurance sectors can make a difference in people’s lives. We believe that we are a positive force in the Canadian market and create measurable value for our clients and advisors.
At Timeless Financial Solutions I understand that every financial situation is unique and managing your wealth can be complex and time-consuming.
As a financial services professional with over 30 years of experience, I am passionate about building rapport with my clients, earning their trust and helping Canadians reach their financial goals to ensure that their families are taken care of. I take the time to get to know your long-term financial plans and goals for the future. Whether you are buying your first home or preparing for retirement or estate planning, I can help you each step of the way. I will continue to work with you to closely achieve your financial goals and ultimately provide you with peace of mind. Whatever your passion or interest might be, always remember that there is nothing in this world you cannot achieve or become if you try hard.
I have over 40 years of experience in the Public Relations Industry; both the private and public sector. I enjoy travelling and being actively involved in my community.
As a mother of two daughters, watching them grow into successful young women has taught me the value of financial solutions; it's about love, caring and planning for the future.
I look forward to an opportunity to speak with you, discuss your goals, and help you make them a reality.
As a financial services professional, I am passionate about helping Canadians reach their financial goals and ensuring that their families are taken care of. I take pride in building relationships with my clients to truly understand their needs. As your financial advisor, I will help you understand all of the options available within your budget to help you achieve your financial goals and ultimately provide you with peace of mind.
As a husband and father, I understand the importance of protecting your family’s financial future with Life Insurance. Life insurance is your way to ensure your family is taken care of when they need it most. I welcome the opportunity to speak to you more about the services I can provide to help you reach your financial goals.
