I’m pleased to present Steve Gillis’s first guest post on a blog. Steve has been a financial advisor and a junior/senior high school teacher. From our contacts, I know he is passionate about delivering financial information to high school students. Here’s what Steve has to say… Our schools have failed our children. Most students [...]
I’m pleased to share a guest post from Nancy Zimmerman, a Canadian Money Coach. Nancy makes it clear that she is not a financial planner! Rather, her blog focuses on “helping Canadians be savvy, informed and thoughtful about their money.” I met Nancy on Twitter where you can follow her as @moneycoach. Here today, Nancy [...]
Also filed in Finances for Women, Financial Planning, Uncategorized
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Tagged @moneycoach, divorce, economic unit, Finances, financia strengths, Money, money coach, Nancy Zimmerman, partner
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I was asked this question yesterday. Without going into the specifics of the person involved, I do have a general response. In order to save, it is important that you have uncommitted income after deducting your expenses from your income. If the number is negative or pretty much break even, one of two things has to happen. Either [...]
I hope that the posts to date have given you a start with your financial planning. It is time to take the information that you have prepared and talk to a financial advisor. Have someone else review what you are doing and make suggestions. There is so much more to do, but establishing the foundation is [...]
If you encounter a large and unepected expense, do you have money put aside to cover it without having to dip into your investments or finance it on a credit card? How will the bills be paid if you are suddenly out of work with no income? I often hear reference to using a line [...]
Another early determination in financial planning is the calculation of your net worth. It is a value that you can compare from year to year to track your financial progress. Very simply, your net worth is the difference between what you own and what you owe. Your retirement planning will very much depend on the [...]
As the third piece in my financial planning series, the topic is the Income and Expense Statement. This is an important tool for you personally. It will help you see where your money is being spent and what should be left over. It is also something that a financial advisor will want to develop as [...]
As promised, I will be providing direction for basic financial planning on a regular basis. “Regular” will likely be just about every day. Today, I want you to start getting ready for the guidance that will follow. You may have read this before, as I did a similar post some time ago in relation to [...]
There are a number of ways for me to share information with you, but I am going to use my blog to provide bite-size pieces of information on a regular basis. This will allow quick reading, easy searching, and an opportunity to engage if you desire. Starting with some basics to self-analyze your current situation and [...]
While RRSP planning should take place throughout the year, I’ll be the first to admit that many turn to their financial advisors in the first two months of the year, and often the last week (or day). That time of the year is here! For an income tax deduction to be used for the 2008 tax year, the deadline [...]
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