November - Financial Literacy Month

November is Financial Literacy Month in Canada according to ‘The Financial Consumer Agency of Canada (FCAC)’. This year’s theme is “Take charge of your finances” and the team at Viewstone Investments and I could not agree more. Taking charge means having a budget and living within it, setting financial goals, being an informed consumer and borrowing wisely. It is also so much more, and yet does not have to seem so complicated and overwhelming. 

Sometimes the best advice comes when we reframe the questions we are asking. 

Over the course of the month, we look forward to sharing some articles we have published as well as highlighting articles other advocates of financial literacy have written. I had the pleasure of being interviewed by iA Securities about the value of financial advice. This interview provides some of the highlights of that interview.  The Value of Advice - Video

Years ago I heard someone say that wealth is not built on active or passive investments. Wealth is built by engaging with ‘active advice’. What does active advice look like? Advice is not found solely in the answers we receive, although that is important. 

Wealth is built by engaging with ‘active advice’. 

Sometimes the best advice comes when we reframe the questions we are asking. Valuable advice is helping clients shape the questions that they need to consider, and then guiding them through information sharing, education and thoughtful conversation. Have a great November - if only every month was dedicated to financial literacy in Canada.