There are some great articles on options if you want to own a home, want to take equity out of your home or are looking at a second home. See my story at:
http://www.financialpost.com/personal-finance/story.html?id=2746140
Other articles of interest:
http://www.financialpost.com/personal-finance/index.html
Heather Holjevac, BComm, CFP, CDFA
Wealth Coach 4U
Financial Planner and Wealth Coach
Cell: (416) 527-2553, Toll-Free: 1-877-341-8687
http://www.wealthcoach4u.com
"Committed to Your Financial Success"
Wednesday, March 31, 2010
Wednesday, March 24, 2010
I'M Worth IT - Wealth With Purpose Seminar Series - April 1, 2010
Please join us for a complimentary evening at our Wealth With Purpose Seminar Series:
“I’m WORTH It!”
Is it time for you to get back on track with your health, wellness and financial goals?
Then please join us for this complimentary, relaxed and informative evening because you’re WORTH it.
DATE: Thursday, April 1, 2010
TIME: 6:00 pm – 8:30 pm
PLACE: Sandman Hotel 55 Reading Court, Etobicoke, Ontario Meeting Rooms – Mimico A
COST: Free!
International Capital Management: Andray Domise and Heather Holjevac, Wealth Coaches will explain the Five Key Factors necessary to achieve your financial goals
GoodLife Fitness: Robert Warner, Personal Trainer will share his expertise in helping you discover how you can easily achieve your personal fitness goals.
Mackenzie Financial: Mike Evans, Vice President will explain why now is the time to re-valuate your financial plans and goals and invest in yourself and your future.
The Natural Path Alternative Health Care Centre: Dr. Richard Dodd, BSc.,ND will share ways to assist you in achieving a healthier you by incorporating natural health methods and routines into your daily lifestyle.
Space is Limited - Call 416.621.6299 or email
Heather Holjevac (ext. 234)
heather@wealthcoach4u.com or heatherh@icm-canada.com
or register at:
http://www.eventbrite.com/publish?eid=625350440Heather
Holjevac, BComm, CFP, CDFA
Wealth Coach 4U
Financial Planner and Wealth Coach
Cell: (416) 527-2553, Toll-Free: 1-877-341-8687
http://www.wealthcoach4u.com
"Committed to Your Financial Success"
“I’m WORTH It!”
Is it time for you to get back on track with your health, wellness and financial goals?
Then please join us for this complimentary, relaxed and informative evening because you’re WORTH it.
DATE: Thursday, April 1, 2010
TIME: 6:00 pm – 8:30 pm
PLACE: Sandman Hotel 55 Reading Court, Etobicoke, Ontario Meeting Rooms – Mimico A
COST: Free!
International Capital Management: Andray Domise and Heather Holjevac, Wealth Coaches will explain the Five Key Factors necessary to achieve your financial goals
GoodLife Fitness: Robert Warner, Personal Trainer will share his expertise in helping you discover how you can easily achieve your personal fitness goals.
Mackenzie Financial: Mike Evans, Vice President will explain why now is the time to re-valuate your financial plans and goals and invest in yourself and your future.
The Natural Path Alternative Health Care Centre: Dr. Richard Dodd, BSc.,ND will share ways to assist you in achieving a healthier you by incorporating natural health methods and routines into your daily lifestyle.
Space is Limited - Call 416.621.6299 or email
Heather Holjevac (ext. 234)
heather@wealthcoach4u.com or heatherh@icm-canada.com
or register at:
http://www.eventbrite.com/publish?eid=625350440Heather
Holjevac, BComm, CFP, CDFA
Wealth Coach 4U
Financial Planner and Wealth Coach
Cell: (416) 527-2553, Toll-Free: 1-877-341-8687
http://www.wealthcoach4u.com
"Committed to Your Financial Success"
Why You Need A Financial Coach
Money can bring great happiness and freedom to our life or it can foster huge fears and anxieties. Although money touches every aspect of our daily lives, it is really only a means to help us achieve our goals.
If you are not where you want to be financially, it does not mean you have done something wrong, it only means, that like many, you were not given the proper skills. Financial intelligence is a learned skill and you need to be willing to learn and have the right coach. Imagine being able to approach your finances with a sense of optimism and clarity instead of dread.
An effective Financial Coach will:
• Be your partner and help you see your options for action with clarity and creativity.
• Offer guidance and encouragement as you explore and examine your life goals and beliefs about money.
• Support you and bring confidence to your financial decisions.
• Be your partner and give you the financial tools to help you to create the life that you've always dreamed of.
• Be someone you identify with, that understands you are a person with hopes, dreams, and fears rather than just another client who has money to invest.
• Be realistic, accountable and honest about what you can achieve.
• Be accessible and value any question you ask, treating you with respect.
• Shares wisdom and insight based on personal experience.
• Work with you help you succeed on an on-going annual basis.
• Save you time and money by helping you avoid the dangers on your road to financial freedom.
Financial Coaching is not passive, but an interactive, dynamic, learning experience tailored to your specific needs. If you are looking for the latest "get-rich-quick" scheme, you will not find this with a Financial Coach. The process is not just about making more money, it is about true wealth, which involves happiness, family and life goals.
So how do you choose a Financial Coach? Searching through the Yellow Pages or Google won't do much good when it comes to finding the right Financial Coach for you. You will find varying titles such as investment advisor, financial planner and financial consultant and they are used interchangeably as advisers try to fill a broader range of needs.
The first step to finding the right Financial Coach for you, is to figure out what kind of help you need. What sort of relationship are looking for with a financial professional? Do you need someone to be there by your side as you confront life's major milestones or to simply take a snapshot of your family finances and let you know whether you're on track.
The best way to find a Financial Professional is through word of mouth. However do not stop at one glowing recommendation, it is better to get the names of at least five people.
The individuals should have the Certified Financial Planner (CFP) certification at a minimum, as it means they have passed exams administered by the Financial Planners Standards Council | FPSC , studied a broad range of financial planning areas and maintain continuing-education requirements and credits in ethics courses.
Although the industry attempts to regulate individuals, anyone can call themselves a Financial Professional, so do your due diligence. Check with professional organizations to make sure they are in good standing. The Financial Planners Standards Council | FPSC, which administers the CFP designation in Canada, has a website providing names of legitimate Financial Professionals as well information about their backgrounds, education, experience, and areas of expertise. You can also download a checklist of questions to ask.
Meet with your top choices and ask lots of questions. This will help you determine who you most deeply connect with on a personal level. Another important matter to discuss is compensation. You may find someone who charges a fee for thier time or requires you to have a minimum-account size. There's no right or wrong way for a Financial Professional to get paid, just make sure you understand the method of compensation used.
Financial Coaching is a joint, educational relationship that will help you achieve financial freedom. Whatever your stage of personal financial well being, it is your responsibility. Take charge of your financial future, you are deserving of financial success.
Heather Holjevac, BComm, CFP, CDFA
Wealth Coach 4U
Financial Planner and Wealth Coach
Cell: (416) 527-2553, Toll-Free: 1-877-341-8687
http://www.wealthcoach4u.com
"Committed to Your Financial Success"
Boomers And Their Finances Money Matters
If you had the privilege of attending the Timeless Women, Pro-Age and Panache event recently, the underlying message was to take time for you. This is also a recurring theme for the Baby Boomers, as the first wave gets ready to retire.
With Canadian Boomers now comprising 44 percent of the population, and with more than half of those being women, the majority will be heading into retirement in 10 to 15 years.
Generally women live longer than men and with technological advances in health, there is a good chance that one of two people in a couple will make it to age 92 or older.
This means retirement will last for thirty years or more. So what are you going to do for the next 30 years? And the bigger question is how much money will it take to do it?
Many traditional retirement strategies that were used by previous generations will be tested over the next few years. With the possibility of 30 years of retirement to fund, it may not make sense to shift from stocks to bonds as you near retirement, or that you should eliminate all of your equity holdings.
Since most Boomers have not been great savers, they are only now realizing that they need a plan. Previous generations had several children they could rely on for support , however since the baby-boomers chose to have fewer children, they will have fewer children to rely on when they get older.
Additionally, boomers have not had a single employer for their working lives, but have worked for many companies. Because of this, most do not have a defined benefit pension plan that guarantees a level of income for the rest of their lives. There is uncertainty regarding the availability of Old Age Security payments and timing of CPP payments in the future. As well, the most recent equity market downturn has left boomers concerned. Many may need or want to work longer than the traditional retirement age and to save more aggressively to fund their retirement income.
Most likely Boomers will need different financial resources for different stages of retirement. The first 5 to 10 years after age 65, will generally be filled with enjoying all the things that were put off, such as travelling, spending time with family and taking courses. Another big issue will be assisting elderly parents and helping grown children at the same time. Some may even decide to work longer and transition into retirement, with some making other life altering decisions such as deciding to divorce. Generally the most demands on financial resources will be in these years.
The next 5 to 10 years will most likely be less demanding, as elder parents may have passed, children have married and moved out, you may have downsized your home, health may not allow travel as far away, and you may have moved to a retirement residence. Additional capital from an inheritance or from selling a home will balance out additional cash flow demands. There may be more opportunity for philanthropy and volunteering and giving back the community.
The final years will most likely be less active, with less of a drain on financial resources.
If you are a few years away from retirement, you owe it to yourself to find a financial professional, someone you trust, to help ensure your money does not run out before you do. There are still things you can do today that will increase the likelihood of your living well in retirement. It is never too late. Taking time for you and your finances now will ensure an enjoyable retirement on your terms.
Having financial freedom in retirement or at any age allows other freedoms, to enjoy your family and friends, to travel, to be rested, fresh and fully conscious, freedom to good in the world, freedom to use your time as you choose. This is your time...take time for you.
Heather Holjevac, BComm, CFP, CDFA
Wealth Coach 4U
Financial Planner and Wealth Coach
Cell: (416) 527-2553, Toll-Free: 1-877-341-8687
http://www.wealthcoach4u.com
"Committed to Your Financial Success"
With Canadian Boomers now comprising 44 percent of the population, and with more than half of those being women, the majority will be heading into retirement in 10 to 15 years.
Generally women live longer than men and with technological advances in health, there is a good chance that one of two people in a couple will make it to age 92 or older.
This means retirement will last for thirty years or more. So what are you going to do for the next 30 years? And the bigger question is how much money will it take to do it?
Many traditional retirement strategies that were used by previous generations will be tested over the next few years. With the possibility of 30 years of retirement to fund, it may not make sense to shift from stocks to bonds as you near retirement, or that you should eliminate all of your equity holdings.
Since most Boomers have not been great savers, they are only now realizing that they need a plan. Previous generations had several children they could rely on for support , however since the baby-boomers chose to have fewer children, they will have fewer children to rely on when they get older.
Additionally, boomers have not had a single employer for their working lives, but have worked for many companies. Because of this, most do not have a defined benefit pension plan that guarantees a level of income for the rest of their lives. There is uncertainty regarding the availability of Old Age Security payments and timing of CPP payments in the future. As well, the most recent equity market downturn has left boomers concerned. Many may need or want to work longer than the traditional retirement age and to save more aggressively to fund their retirement income.
Most likely Boomers will need different financial resources for different stages of retirement. The first 5 to 10 years after age 65, will generally be filled with enjoying all the things that were put off, such as travelling, spending time with family and taking courses. Another big issue will be assisting elderly parents and helping grown children at the same time. Some may even decide to work longer and transition into retirement, with some making other life altering decisions such as deciding to divorce. Generally the most demands on financial resources will be in these years.
The next 5 to 10 years will most likely be less demanding, as elder parents may have passed, children have married and moved out, you may have downsized your home, health may not allow travel as far away, and you may have moved to a retirement residence. Additional capital from an inheritance or from selling a home will balance out additional cash flow demands. There may be more opportunity for philanthropy and volunteering and giving back the community.
The final years will most likely be less active, with less of a drain on financial resources.
If you are a few years away from retirement, you owe it to yourself to find a financial professional, someone you trust, to help ensure your money does not run out before you do. There are still things you can do today that will increase the likelihood of your living well in retirement. It is never too late. Taking time for you and your finances now will ensure an enjoyable retirement on your terms.
Having financial freedom in retirement or at any age allows other freedoms, to enjoy your family and friends, to travel, to be rested, fresh and fully conscious, freedom to good in the world, freedom to use your time as you choose. This is your time...take time for you.
Heather Holjevac, BComm, CFP, CDFA
Wealth Coach 4U
Financial Planner and Wealth Coach
Cell: (416) 527-2553, Toll-Free: 1-877-341-8687
http://www.wealthcoach4u.com
"Committed to Your Financial Success"
Financial Baby Steps
Posted by Elisabeth Donati
Here’s the thing…so many human beings want it ALL RIGHT NOW. But that’s just not possible. Life doesn’t work that way.
I mean, when you decide to have baby, you don’t just pop the little one out right then and there. You plan and eat well and take care of yourself and wait…lots and lots of waiting. And then once the baby comes you’re either ecstatic or wish you could wait some more!
The same goes with your improving your personal financial situation. Whether you have it all figured out and are well on your way to ‘feeling’ secure (after all, there is no such thing as security…we’ve made that up to feel better about our days here on Earth) or you’re still learning about money and finances and getting on your feet, you still have to take things day by day and step by step.
So here’s a simple suggestion for this morning (or whatever you’re reading this), look at your finances as growing another being. Know that when you finally make the decision to get out of debt or build assets or create streams of passive income, it’s just going to take a while.
And then remember to smell the roses along the way!
Heather Holjevac, BComm, CFP, CDFA
Wealth Coach 4U
Financial Planner and Wealth Coach
Cell: (416) 527-2553, Toll-Free: 1-877-341-8687
http://www.wealthcoach4u.com
"Committed to Your Financial Success"
Here’s the thing…so many human beings want it ALL RIGHT NOW. But that’s just not possible. Life doesn’t work that way.
I mean, when you decide to have baby, you don’t just pop the little one out right then and there. You plan and eat well and take care of yourself and wait…lots and lots of waiting. And then once the baby comes you’re either ecstatic or wish you could wait some more!
The same goes with your improving your personal financial situation. Whether you have it all figured out and are well on your way to ‘feeling’ secure (after all, there is no such thing as security…we’ve made that up to feel better about our days here on Earth) or you’re still learning about money and finances and getting on your feet, you still have to take things day by day and step by step.
So here’s a simple suggestion for this morning (or whatever you’re reading this), look at your finances as growing another being. Know that when you finally make the decision to get out of debt or build assets or create streams of passive income, it’s just going to take a while.
And then remember to smell the roses along the way!
Heather Holjevac, BComm, CFP, CDFA
Wealth Coach 4U
Financial Planner and Wealth Coach
Cell: (416) 527-2553, Toll-Free: 1-877-341-8687
http://www.wealthcoach4u.com
"Committed to Your Financial Success"
Subscribe to:
Posts (Atom)
