As we settle into a New Year, this is a perfect time to revisit your short and long-term financial goals and the dream lifestyle you want to achieve. In this article, we give you 7 common wealth goals so that you can translate meaningful financial goals into an actionable wealth building plan.
Every year, members of our firm like to do what is called a Personal Financial Year End Tabulation. Described another way, we each like to calculate how we have personally done financially this year. Join us in creating your Net Worth Statement to close out 2023 and get an accurate financial snapshot of where you stand at year end.
On November 12, 2023, The Knowledge Bureau presented Marie DeLauretis with an award called the Fellow of Distinguished Financial Services. It was presented by Evelyn Jacks, esteemed financial author, professional and president of The Knowledge Bureau, the provider of World-Class Financial Education. Learn more about this event here.
Full-time in her own career as a Financial Advisor and Certified Financial Planner, Marie DeLauretis always craves the outdoors and all its elements. Her favorite things to do in the great outdoors is Stand Up Paddleboarding, known as SUP, on flowing river water or flatwater, and hiking in the mountains of Alberta. Read more about it here!
It is like a ritual to me. According to the Merriam-Webster dictionary a ritual is defined as: an act or series of acts regularly repeated in a set precise manner. “Rituals involve the execution of conscious and deliberate actions [as opposed to habits] …rituals are often markers or catalysts for energetic shifts. Rituals also assist in
My younger daughter, Kayla, said she wanted to be a lawyer. Naturally, I suggested the area of Estate Planning. Why? Because estate litigation remains one of the fastest growing areas of the law, a lucrative career path to be sure!! 137 million North American adults do not have a Will! This is not good, especially
It is remarkably easy to predict which families will preserve inherited capital, manage each other’s care and avoid destructive litigation. One need only look at an individual’s commitment to planning, implementing and communicating basic information to family and friends while they have the capacity and the wisdom to will. Thomas William Deans Ph.D., Professional SpeakerAuthor
Have you ever asked your financial planner how they plan for themselves? Has your planner actually mapped out their own path to wealth building? Do they actually have a plan in place – whether it is a one page plan or a 3 inch binder full of “comprehensive know-how” to get from where he/she is
If you are in the process of divorce or separation and have begun discussions surrounding the money matters of divorce, especially child support and spousal support, consider the below. “Support” Insurance: Life insurance coverage on the life of the child support payor or spousal support payor. There are two forms of support insurance: Conventional (or
WISEMEN SAY:If the key to growing your wealth is to work with a good financial advisor than why isn’t everybody working with an advisor? Perhaps he/she feels they do not earn enough income to become a client, or they are too young, or perhaps he feels he should be able to do it himself, or
Retirement Myths Debunked Is retirement realistic? Were we meant to retire for 25 to 30 years of our total life span? Retirement means to stop employment completely. Semi-retirement means to aggressively reduce work hours. Think about it, retirement is a relatively new concept in our history. It was first introduced in the late 1800’s early
With permission by one of our clients, we are sharing the following story: Our client was scheduled for a somewhat routine surgery. Providing no one had more pressing medical surgeries to be completed, our client’s surgery was a go. So, on the slight chance that someone with a more dire medical issue arose, that person
Is it already March? Ah, March, such an exciting month, not only does this month include International Woman’s Day, my Mom’s birthday (Happy Birthday Mom!) and Barbie’s birthday, but it’s also the month we all preoccupy our time with gathering the necessary tax information required by our tax preparers. I can hear the battle cry of all tax
No doubt, for many individuals, financial planning, or just thinking about organizing your finances can be overwhelming. How does one begin? Indeed, where to begin? But financial planning does not have to be a daunting process. It should begin however, with a financial organizational strategy. If you think about it, it is essentially, the gathering
February is heart month, so we are reminded of love and romance…but I will leave that topic to the experts. However, seeing that it is heart month, people are also reminded to be concerned about their health. Heart month may remind individuals to attend that missed annual check-up, or to change their diet, or to add regular exercise
We completely agree with the old adage of not putting all your eggs in one basket, but you certainly want all your chickens on one farm, don’t you? It’s true that you should never have all your money in one investment, say one stock. But when it comes to all of your investable assets (mutual
Last month, I introduced the financial planning component of Cash Flow Planning and Debt Management. This month, I would like to elaborate on that concept and perhaps help you locate advisors in your area who specialize in this service. Let me first summarize why cash flow planning and debt management is important in the financial planning