Personal Financial Management. Bringing It All Together. Personal Finance Workshops. Budgeting and Debt Reduction Saving and Investing Personal Financial Management Stewardship Charitable Giving. Our mission today. Financial planning Overcoming the fear factor!
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Bringing It All Together
“...seven cows, fat and sleek came up out of the Nile; and they grazed in the marsh grass…, seven other cows came up after them, poor and very ugly and gaunt…; and the lean and ugly cows ate up the first seven fat cows. Yet when they had devoured them, it could not be detected that they had devoured them; for they were just as ugly as before….I saw also in my dream seven ears, full and good, came up on a single stalk; and lo, seven ears, withered, thin, and scorched by the east wind, sprouted up after them; and the thin ears swallowed the seven good ears.”
Long Term Care to preserve dignity and family ties at old age (stream of income)
Disability Insurance for income preservation while living (stream of income)
Life Insurance for income and estate protection on death (lump-sum)
Financial protection for:
Your family and loved ones
Over 70,000 heart attacks in Canada each year
73,000 died of Heart Disease and Stroke in 2003
159,900 new cases of cancer diagnosed and 72,700 deaths in 2007
Statistics Canada, Canadian Cancer Society, Heart and Stroke Foundation
We are more likely to survive critical illnesses:
We are survivors!
Sources: Statistics Canada; Canadian Cancer Society; Heart and Stroke Foundation of Canada
Pay the bills and more!
Trend #1: Less Saving
Trend #2: More Debt
Source: www.crowncanada.ca / Statistics Canada
For the 2 who put the money to work… “Well done, good and faithful servant! You have been faithful with a few things. I will put you in charge of many things.
For the 1 who didn’t…. ‘Evil and lazy servant!.... Then you should have deposited my money with the bankers, and on my return I would have received my money back with interest!’
72 / % Interest
10%Time, Compounding and Return
Rule of 72
Values are for illustrative purposes only and may be subject to applicable taxes.
Who Has More at 65?
Most people begin their career with the hope of a good retirement. However by age 65:
Source – National Council of Welfare, Canada Customs and Revenue Agency, 2001
Concrete steps for action
“Plans fail for lack of counsel, but with many advisors they succeed”
To review or start your plan
– consider FaithLife Financial
Go Green - www.faithlifefinancial.ca