You’re only going to make so much money in your life. To reach your financial goals, you need a plan and a system to help you make the most of it.
To help people do that, we focus on:
1. Maximizing income
2. Reducing expenses
3. Minimizing taxes
Maximizing income is about investing in yourself, saving automatically and at a high rate, focusing on ownership, adopting a patient long-term mindset, and making sure the money you earn is actually going toward your goals.
Reducing expenses is about avoiding credit card debt and lines of credit, paying certain bills annually rather than monthly, spending thoughtfully on what truly matters and brings you joy, and leveraging whole life insurance to fund major purchases.
And minimizing taxes is mostly about good planning. Making good use of tax-advantaged accounts like TFSAs, FHSAs and RRSPs, and tapping into the cash value in whole life insurance to help fund your retirement.
But the biggest thing is taking the whole puzzle into account, thinking about your entire lifetime, not just the next six months.
Because you’re only going to make so much money, even if you don’t know exactly how much.
That might seem obvious, but something about receiving a regular paycheck every two weeks lulls us into feeling like we’ll always receive another.
You won’t. You know you won’t. And you likely don’t want to work forever.
So you have a responsibility to create a plan and a system to make the most of the finite amount of money you’re going to earn over the course of your lifetime.
That’s what I help clients do.