By Karin Mizgala, CEO and Co-founder, Money Coaches Canada
In part one of this post, I wrote about financial and investment considerations for those in their 20s. If you read that article, you may remember that I mentioned time as being one of the greatest assets young investors have. Time to take advantage of compounding interest. Time to bounce back from dips in the market. Time to create financial habits that will serve them throughout their life.
But time is only part of the equation. Investing is not a matter of filling your financial crockpot while you’re young and letting it simmer, unattended, until you retire. Your investments need to “feed” you throughout your life, not just in your senior years. You have to lift the lid on that slow cooker and keep an eye on things. You do that with an annual investment review. Continue reading
By some estimates, over the next 30 years, $50 trillion will transfer from the baby boomer generation to the millennials. The biggest transfer of wealth ever, and that’s just North America. Joel, a baby boomer himself, sees the potential for, in his words, “an economy that serves both people and planet.”
The fall is a natural time to begin looking forward setting financial goals. I know it’s still the middle of August, but the days are already getting shorter, and the colder weather will be upon us. Yes, a little depressing, but think about how much better you will feel if you start thinking about your financial goals before you get consumed with back to school, Halloween and Thanksgiving.
We are just over the half-way point for 2018 – 50% of the year is in the rear-view mirror. How are your financial New Year’s resolutions holding up? Distant memory? If that’s the case, please read on because we can help.
