Save and Invest With Confidence
Manage episode 311483964 series 3130315
Today's Tools and Freebie:
Quickstart Guide to Investing in Canada
How can we save and invest with confidence? So, what do we mean by inevitable wealth? Well, what we mean is that there are things that you can do, steps you can take that if you follow them; if you build yourself a plan and follow it using these principles, you will inevitably build your wealth where you need it to go for that goal that you have set. But let's start again with a bit of a reality check, all right.
Having a written plan is the surest path to the financial actions and habits that will bring us the confidence and success we're looking for. When you write those plans, you answer questions about RSPs and TFSAs and all that stuff--that is a complex tax planning question, not just a minor "where should I put my money question."
Here are your steps to success:
Number one - cash flow. Build your cash flow plan. Number two - set your goals. Number three - live debt-free. Number four, build your financial security, and number five is to follow your plan to build your inevitable wealth.
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46 episodes