Weekly Training

Challenges in Partnership and Simple Solutions.

I will be live here in community today at 2 PM for weekly training. We will post the video after the meeting. If you are available you can join at 2 PM MST and can ask question if you have any.

As parents, we face all kinds of hardships and work tirelessly to take care of our children and provide them with the best possible lifestyle. However, what we often miss—or what does not immediately come to mind—is how to ensure a financially secure future for them. In financial planning, time is the single most important factor, and for our children, time is their greatest advantage. To be financially aware and responsible parents, this is what we should be doing today: 1. If we have school-going children, we should have an RESP account for them to benefit from the Government Education Grant and ensure that the RESP is maximized. This account can help them achieve their dream of higher education. 2. We want our children to have access to the education they desire at esteemed institutions. While we are here, we ensure that money does not become a barrier. But imagine if we are not here. Will our children still be able to access the same education at those institutions? If the answer is no, then we, as parents, must either set aside sufficient funds or have life insurance specifically designed to protect our children’s education. 3. If we have grown-up children, do we have plans for their future wedding functions? If yes, regular savings are essential. In Canada, one of the best tools for this purpose is the TFSA (Tax-Free Savings Account). 4. Our children will eventually find themselves in the same “hot seat” of life that we occupy today. They will have families, liabilities, and financial challenges. To manage these risks, they will need insurance protection. As financially aware and responsible parents, we should consider securing basic life and critical illness insurance for them today. Tomorrow may be too late. Protecting their insurability is our responsibility. 5. As responsible parents, we should also invest and create assets in a way that growth is tax-free. Otherwise, we risk creating a significant financial burden for the next generation.

YES!!!!!