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 planning preparation.
A lifetimes Liabilities
There are three types of tax (1) tax on income (2) tax on what we own and (3) tax on what we buy.
Affordability Cost of Living
The cost of living is triple to maximum that most people cannot afford to fulfill a basic personal needs when the cost of living is higher than the actual earning amount in a monthly basis and others tried to take few extra part-time jobs and wake up between 3-4am, to get ready for work enable to afford and support a families asides of super-lifetime responsibilities and obligations of super-tax with super-garnishee’s consequences if any citizen’s are enabled to afford to pay all outstanding tax liability annually is the first and foremost; that is a dreadful tax-freeloading that’s never ends forever and ever!
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 it 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 for children’s higher education, college/university costs by contributing affordable amount of either in a monthly basis and/or per quarterly period; whichever works that make it easier to these are by determining each goal that is normally has it specific timeline setouts when the money is required.
Careers-Skills-Orientations
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.
Careers Preparedness
The importance of why children’s must learn the lessons from their parents and/or guardians for the near future a child he/she will sooner becomes man/woman’s and will be reflecting from within him/herself, (similar to types of plant the seeds we planted is what we harvest.,) reflection in its own origin-datasets brain-software-storage-functions-mechanism-systems; and if the brain-data software storage is empty! then the child will grow-up, and less ambitious. Therefore, children’s must learn how to become a responsible person to take his/her personal obligations as an individual human-being with it’s own belief and turn into the best version of him/herself.
The reality there is nothing free!
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 planet on earth.
Education Gift
The most greatest thing’s to be given to a child is education the best gifts; either was it verbal knowledge that will eventually accumulate into skills and abilities to adopt into maturity concepts of thinking with a disciplinary awareness, working at early age while going to school, it is all counts and relevant part of education process associated to a gift of learning an importance matter of reality in life’s a gift to a youngsters that is no one else could ever take away, is education and working experienced.
Simplified Investment
Simplifying financial arrangement and straightening records to consider both of these scenario.
Financial Protection Awareness
An (example) for married and/or common-law relationships are 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.