I graduated. Now what? About me Healthcare Financial Group Inc Public Relations Bradley Roulston CFP, CLU.

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Presentation transcript:

I graduated. Now what?

About me Healthcare Financial Group Inc Public Relations Bradley Roulston CFP, CLU

Today Psychology of money Easy ways to understand finances Investing Debt dangers for new grads

Psychology of Money Money is the number 1 fight among partners Money is the most avoided family conversation (even more than sex) What is your attitude towards money?

Would you rather… Earn $100,000 with everyone in your community earning $120,000 OR Earn $75,000 with everyone else earning $50,000?

Affluenza (n) A painful, contagious, socially transmitted condition of overload, debt, anxiety and waste resulting from the dogged pursuit of more (n) The bloated, sluggish and unfulfilled feeling that results from efforts to keep up with the Joneses

Your Financial Hike

How does your money flow?

Get yourself out of trouble

Short term investments

Packing for the golden years

How much will you need? Canada Pension max:$ Old Age Security max:$ $1, Russell 20 Rule: For every $1 you need in retirement income, youll need $20 in the bank Retirement goal = investment amount * return * time

How do you time the markets?

… No one can … You Can Choose To Be Strategic Dollar Cost Average Build a balanced portfolio Work with a trusted CFP Be Female

Owe Canada Personal Debt is at $1.5 Trillion National Debt currently stands at approximately $560,000 billion About $16,500 for every Canadian citizen Around $24,000 for every taxpayer Provincial debt, add another $10,000 per person

Canadas household debt at record high

Lines of credit fastest growing

Debt = Slavery $30,000 debt at 6% paid over 10 years will have monthly payments of $332. Total cost $39,834

Personal Savings Rates in Canada

Student Loan Consolidating Period Variable vs Fixed Rates Keep with the government 1.Interest Relief 2.Loan Reduction 3.Period Extension 4.Interest Tax Credit (15%)

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