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Thursday, October 19th, 2017 technology  research  practice

A Practice Tip

  • Practice

According to Moneysense, earning the big bucks alone, doesn’t make you rich. Real Wealth is determined by” Net worth” what you own – minus what you owe.   (Moneysense, January 2015) .

A financial plan is designed to help you build your net worth and get more from the money you earn.  A financial plan address key areas of your financial life such as:

  1. How to make the most of your cashflow
  2. Identifying risks to you and your family’s cashflow
  3. Creating cashflow with passive investments when you are ready to stop working
  4. How to clawback your cashflow from taxes
  5. How to make the most of the cashflow you leave behind.

The question many people fail to ask themselves… I make a good income but am I really wealthy???

Take the all Canadian wealth Test:
http://www.moneysense.ca/save/financial-planning/the-all-canadian-wealth-test-2015/

Jackie Porter (@askjackieporter)

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