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BUT HOW AND WHERE DO YOU START?
Top 5 tips to help you get started at any age. Here are her
1 . Pay yourself first: have some money drawn automatically from your bank account, either bi-weekly or monthly. More frequent, smaller deposits let you forget about the amount being withdrawn, and take advantage of highs and lows in the market over time, compared to an annual lump- sum contribution. Already doing this? Challenge yourself to start investing larger amounts. 2. If your employer has an investment matching program where they will match all or part of a certain percentage you contribute each pay cycle, join the plan. Taking advantage of this type of plan is a no-brainer and one of the biggest ways to grow your wealth.
3. Pay off any debts you have — but invest at the same time. It’s possible you’ll always have some form of debt, so if you’re only ever focusing on the debt, you’re not moving towards your long-term goals. 4. Identify the tax strategies that can help you build your wealth — or, better yet, enlist the help of a professional financial planner or accountant, who will be familiar with the ever-changing tax system, rules and credits available. 5. Partner with a financial advisor who makes you feel comfortable, and who you get along with, to figure out your best path so you can get your money working for you.
Boissevain Safe & secure with all the amenities and excellent health care Crocus Hill Estates Workshop, garden, no-surprise rent NEW Assisted Living Facility Opening August 2021 Judy Swanson 204-305-0883 www.Boissevain.ca the perfect place to call home Elaine Froese 204-534-7466 www.CrocusHillEstates.ca
14 MATURE
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