Wealth is Health
Prioritizing investment begins with health being healthy is wealthy!
The top priorities to ensure self-care first by taking necessary minimum sleep to recharge our immune systems first and foremost; it is our personal responsibilities and obligations to balance and re-balanced similarly to balancing the investment budget after overhead operating costs and duh! tax.
Capital Cash Flow
Investment planning and preparation depending on your financial situation spare-cash available to invest for short-term and long terms to protect yourself and your family financially, and to ensure that you are taking relevant action requirements and necessarily steps pre-arrangement and preparation for any unexpected changes, therefore, future preparedness above all is financial security to create a to do lists and to determine the timing and when the money is required is definitely be a good start to go forward.
Personal Responsibilities
Setting up with an achievable financial goals planned to be indicated and pre-arrange depending on your financial position and then an adequate protection for your families by establishing your wills and estates planned.
A lifetimes Liabilities
The three types of tax (1) tax on income (2) tax on what we own and (3) tax on what we buy.
Aside from the costs of living triple to maximum that most people cannot afford to fulfill their needs; others try to take few extra part-time jobs to overcome besides of a lifetime responsibilities and obligations is first and foremost; yeah, it is dreadful tax freeloading never ends forever and ever; and then personal and/or business insurances associated to home, vehicles and health insurances, investments goals, retirement financial for short-term and long-term preparation at any unexpected life events.
Retirement Savings & Tax Liabilities
Retirement savings is almost impossible when most people trying to save for retirement from January to December and withdraw to pay additional tax in the following year… doesn’t make sense isn’t?
3 types of tax cause people grumpier!
It’s awakenings that tax liability causes people looking old and rapidly wrinkling skin’s and/or wrinkled face before age 65!
Yeah! that’s right for most people who believe to own is better way of life’s and by way of having name on titles it make it yours. The simplest way to calculate the cost of living on how much tax for each we buy and how many years after years in a lifetime tax to be paid; between what we own buy and earned in a monthly basis into annual costs multiplying to maximum year’s of tax for a lifetime of human lives.
Children’s Education
There are several ways to save these are by determining each goal that is normally has it specific timeline setouts when the money is required.
For (example) to save on children higher-education universities costs-expenditures, tuition, books, rent, car insurance, food and gas, clothing’s etc., miscellaneous types of necessary arrangement begin immediately, when the child is born (1) one month old to 17-18 years old, and may still require straightening afterall.
Parent’s Responsibilities
A family guidelines for accurate raising a children’s to ensure that you must first prioritize and put your child first and foremost, educate your children’s on what types of careers that may provide a future financial securities after working 35-40 plus years.
As we are parents that is getting older, we want to ensure that our kids is going to have the proper skills and ability with experience to work and earned enable to survive on their own when it comes the time that we are no longer in this temporary life on earth; the most greatest thing’s to be given to a child is education, the best gifts; we can ever provide to our youngsters, a gift that no one’s else could ever take away is education and working experienced.
Simplified Investment
Simplifying financial arrangement and straightening records to consider both of these scenario.
An (example) for married and/or common-law relationship to ensure that whether you have already considering a separate financial banking and investment accounts; to avoid a costly mistakes with unfortunate consequences and to make it more straightforward.
Adequate Protection
The hard fact of life’s that there is zero guaranteed whether it is investment that requires a due-diligence to find the right products and/or relationship that’s required constant assurance and commitment daily; both are part of investment that there is nothing guarantee and/or promises forever here and after. There are unexpected event in any given moment and reason of lifestyle change to be aware of and protect yourself financially; that you will not be tangled into other person financial discrepancies.
The jointly investment with spouse and/or common-law partner for (example) RRSP registered retirement savings plan and TFSA tax free savings account is transferable upon spouse and/or common-law partner death.
Pre-Arrangements
The future is now! Therefore, you must protect yourself financially, to ensure that you are well-prepared by having your wills and estates planning, funeral pre-arrangements, health agreement with your power of attorney, executors-executrixes to perform any duty that you are unable to do it. At the moment and time of need.