Monthly Archives: December 2017

Make Your Financial Planner Work for You

A financial planner enables you to set realistic financial goals. These goals must be realistic in terms of income and expenditure. It can also help you determine timeframes in which to reach the goals, helping you manage your cash flow effectively and stay in control at all times.

The advantage of a financial planner helps you understand the effects of all your financial decisions. You will be able to identify risks quickly, determining if you are making the right choice or not. As a business owner you may have a demand to expand, knowing your finances can help you decide if now is the right time to take on the expense of a new building or whether it could leave you in financial ruin.

The same applies to individuals. You may have been dreaming of a new car for years and have worked out the monthly repayments. Having instant knowledge of your cash flow each month can help you determine the risk level of taking on additional debt at this time.

Over time you will learn how this process can help you re-evaluate your finances. It’s important to stay up to date, checking back regularly to see how you are doing in terms of the goals and timeframes you have set yourself along with any forecasts you may have worked out, helping you plan better for the future.

With this type of planning you will be able to spend in line with your income, reducing the risk of overspending and finding yourself in debt. While debt is very easy to accumulate, it’s much harder to get out of. This means that knowing what you have available each month can not only help you with your monthly expenditure budget, but can also help you with investment decisions and so much more.

As your plan continues to grow month to month, you will soon learn where you are going wrong and have the opportunity to rectify errors you are making in your financial future. You are able to maximize your money, an important element for both businesses and private individuals.

When struggling with your money, it may be worthwhile hiring the services of a professional and experienced financial planner who can sit down with you working out your income and expenditure and showing you ways to maximize your money, reduce your debts and put you on the right track moving forward.

When hiring a financial planner, there are some important factors you will want to take into consideration. If you have been trying to manage your income and expenditure and still find that you can’t make ends meet, then these professionals may be the solution you are looking for.

Financial planners have the knowledge and experience to help you increase your money by lowering your expenditure through various methods of tried and tested solutions. The good news is that they can provide you with ways to relieve your debt quicker, giving you more cash flow monthly.

Fun Things to Do When You’re Low on Money

Have you ever watched little kids play? They are able to turn almost any object they can get into an interesting plaything complete with names and storyline. I know my kids do that all the time. They can even keep at it for hours at a time. With a bit of creativity and imagination, even adults can forget the daily grind of money matters and just have plain, cheap fun.

1. Play board games: Board games are a fun, cheap way for families to spend time together. All the intrigues and goofing can make for lots of fun and bonding too. Most of them come with instructions and the most popular ones include Chess, Monopoly, Backgammon, Checkers and educational games like Scrabble and Pictionary.

2. Go on a bike ride: Alone or as a group biking is fun and gets some exercise in too. Try pushing yourself by exploring new terrain (but not after dark).

3. Take a walk around your neighborhood: Get out of the house and stretch your limbs by taking a slow casual walk around where you live. The fresh air and scenery will take your mind off money for a while anyway.

4. Take your kids to the local park or playground: If you don’t have kids around you could volunteer to take your nephews or nieces. It would be a lot of fun watching the kids laugh and play and the most it would cost you would probably be a scoop of ice cream per child. You’ll become their favourite Aunt or Uncle in no time.

5. Learn a new art project online and teach your family or friends: There are so many fantastic websites that teach art projects completely free. Some are designed specifically for kids and others for adults. The range of choice is awesome and many of the projects are truly mind-blowing. The great thing about this is many of these sites use old items you can easily find lying around the house to create keepsakes you would be proud of.

6. Have a campout on the garden lawn: There are so many things you could do with a campout this point actually deserves an article of its own. Basically be creative and plan ahead. Invite a few friends or just keep it in-house with your close family. Include fun games, water splashes, a sizzling barbecue and of course scary stories.

7. Check out the library: When last did you visit one? Many of them have new improved books, CDs and DVDs you could borrow. Or just sit there and read for a while, you never know you may meet someone interesting and make new friends.

8. Bake or cook something new: The aim here is to spend little or nothing so don’t go overboard. Search round your kitchen cabinet for some ingredients you have not used in a while (please check the use by date first) and come up with a new recipe or just a dish you have not made in a while.

9. Teach your friends a craft: Do you have a craft you could teach? Can you sew, knit, sculpt or mold? Why not gather a few friends or colleagues from the office and show them how it’s done? Everyone could volunteer to bring a couple of drinks or dishes along but not expensive ones. If someone else in the group also has another skill, you can take turns.

10. Pay a visit to the local hospice or orphanage: Find out if you have a children’s hospital or orphanage in your town and what are the rules for visiting. If they do accept visitors, make a habit to visit even if just once a month. With time you could even begin to offer free services like reading to the children or singing.

 

A Safe Haven for Your Savings

Unfortunately, most of society has strayed away from this thinking.

The fact is Canadians aren’t saving as they once did and collectively are holding record high levels of debt. The average household savings rate in Canada has dropped from about 20 percent in the 1980’s, to 5.8 percent in the fourth quarter of 2016.[i] Many people believe they cannot save because after paying “all their bills” there’s nothing much left. However, understand that in most cases if you’re attempting to save after paying all your bills you may find this strategy to be futile. Instead, get in the habit of saving first or, consider it paying yourself first. Once you’ve developed this habit then you can look into what vehicle you want to save your cash in.

Generally speaking, when people DO consider saving often times the traditional approach is taken; open a bank savings account and dump as much cash in it as possible. Sit on it like a goose sits on her eggs and wait for your savings to hatch. The sad reality for most however, is making a future cash withdrawal only to be afforded the ability to buy less with their savings because inflation has eaten away at it. And you’ll always be on the losing side of a bank savings account because interest rates are not higher than inflation.

Another option many consider is putting money into the stock market however, one should not consider the stock market as a savings vehicle because the stock market has had a history of crashing dating back to beyond 1929.[ii]

Search the definition of saving in Webster’s dictionary and see “preservation from danger or destruction” while the definition of investing reads, “to commit (money) in order to earn a financial return.” Neither method is good or bad but you must understand which it is that you’re trying to do.

Finally, during my research I have found throughout history when people lose faith in their national currency, the banking system that controls it and their governments, many rush back to gold. Gold is the oldest form of money and has proved to be a safe haven for centuries. Gold cannot be printed, debased, or inflated. Simply put, gold is financial insurance.

To understand this concept more, it’s important to start investing in your own education. Financial literacy should be taught in our school system however, sadly it is not. If you are concerned about where to stash your cash so that you can protect your money from danger and destruction, you will have to take those matters into your own hands. And for good reason too, your savings should be in your hands because your economy should be the most important economy to you!

A Kabbalistic Perspective

I see those shadows now. The reasons are many: some are economic, while others are religious. The philosophy behind it is partly logical.

The macro affects the micro. Whatever happens to the mass has a direct impact on the individual. We are in the middle of two wars – one religious, the other economic – caused by an old system of money transference without a trace, called “Havala”. It is used on the entire planet. All the money from the sale of drugs and oil is kept in vaults in form of gold nuggets. This is bound to threaten the economic order of the industrialized nations unless we go back to a gold standard. The strategy of Islamic states is rather more complicated, based on very strict religious edicts. All these changes are due to the fast approaching Aquarian Age because of the precession of the equinoxes.

The sale of illegal drugs and oil has empowered Islamic and other countries to buy arms in the open market. This has threatened most of the world markets. We see the evidence of this in form of agitations and attacks in various countries.

If we do not move quickly to face this tsunami, then the entire economic system and the world civilization will face a challenge almost impossible to deal with. All the trees that stand erect when faced with a storm are uprooted. And that is the law.

Our civilization in the Western Hemisphere is built on social and economic rules. What if, because of internal unrest and economic pressure and a lack of faith in the mighty dollar, the Chinese government decides unexpectedly to unload US treasuries by the trillion? Can you give me a logical solution befitting the urgency of the situation? The result will be a total crash of the entire economic system. The USA has taught the world a society based credit and about 100 currencies of the world are in parity to the US dollar. When the US dollar dies, other nations die too and have no one to turn to. The world GDP and the political systems are facing a peril the dimension of which is very hard to imagine.

The coming war shall not require aircraft carriers we boast a lot about. It shall be a jungle war. And dogs will eat dogs. It is stupid and makes no economic sense to use an atom bomb to kill a mouse.