Your Weekend Reading
Quote of the week: “Wealth is the ability to fully experience life.” Henry David Thoreau
That quote is a good reminder. Wealth isn’t all about the number of dollars you have. There’s so much value in living a full, rich, life. Make sure you’re factoring quality of life in your financial plans, not just quantity of money.
Now, here’s a sample of some good information that came across my screen that I’d like to share for Your Weekend Reading:
Young Money
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One of the hardest hurdles a young person faces is how to get your first job when you have no prior business experience. Here’s to help solve that problem is advice on how to impress people in business when you have no business experience.
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If you’re trying to learn something, it often pays to talk to someone with more experience and ask them what they’d do differently if they could do it all over again. In a recent U.S. survey, the #1 thing most Americans wish they had done was saving more for retirement sooner.
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Dreaming of making your first million dollars? Here’s what you need to do - 8 steps to make your first million dollars.
Family Finance
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If you have a child in your family with a disability, without a doubt there are special financial issues to consider. The good news is there are a number of government programs and estate planning tools to help families with disabled children.
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A survey came out this week that showed 4 out of 10 Canadians were “caught short” in the last year without enough money to pay their expenses.
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I’m sure I’m giving my age away, but I remember playing the board game “LIFE” as a kid. Here’s an infographic that plays on that old game by showing the financial milestone from marriage onward as you go through the stages of adult life.
Thoughts on Retirement
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Getting ready for retirement? Here are 20 smart retirement moves you can make right now. Some references are American, but most will apply in Canada too.
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Having covered off the smart moves you can make for your retirement, be sure to avoid these 5 dumb decisions that put you at risk of going broke in retirement.
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Most of the retirees I know plan to live in their own home for as long as they can (or certainly as long as they feel like it). Solid finances and good health play a role in the equation and with more on that, here’s the retirees’ guide to staying in your home.
Just for Fun
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For centuries, many cultures embraced the concept of having a nap in the afternoon to break up the work day (and some still do). There’s now scientific evidence that humans are "built for two sleeps a day". I can’t wait to tell my boss that…
Given the cooler and wet forecast yet again for the weekend, I predict an afternoon nap will be in my future either Saturday or Sunday (or both) this weekend. Whatever your plans are, be sure to spend some time with the important people in your life and definitely take some time for your own personal rest and recreation.
All the best,
Bill Bergen, Investment Advisor, BMO Nesbitt Burns