Monthly Archives

June 2019

Prosper

Saving $100,000.00 ?

Check out this Royal Bank of Canada suggestion to “better” your life..photo below!!! Ha ha. Let’s pretend you wanted a bit more than $410.89 per month in retirement…how about a modest $3000.00/month so you could live somewhere other than on a park bench. That will require about 8x the savings, so $800,000.00 in the bank. How yah doing with that savings plan? Or maybe you’re stashing money in an RSP/401K. Have you ever figured out just how much you’d need in your RSP/401K to…

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Prosper

The 5 People Who Determine Your Income

You are always the average of the 5 people you spend the most time with. The late Jim Rohn taught that and he was an early mentor of mine.  If I wanted to find out how much income you earned, all I had to do was take the average income of your five closest friends and that would be your income! Initially when I first heard this, I refused to believe it was true. But as I thought about it, & paid…

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Prosper

Retirement Income Planning

I’m not really laughing, but it is somewhat humorous that 34% of the populace look at winning the lottery in order to have a grand retirement. Can you afford to retire? How will you fund your retirement? (from BMO Financial Group survey, March 2014) • CPP (gvnmt pension): 90% • RRSPs: 88% • Part-time job: 59% • Sell home: 49% • Win lottery: 34% No one ever said growing old would be easy. Take for instance, the increased health concerns,…

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