Achieve Your Personal and Financial Potential in 2011

It’s the start of a new decade, thank goodness!  Personally, I think it’s going to be a great one; perhaps even a renaissance—a time of rebirth with the wisdom that comes from weathering many storms—financial crisis the most recent–but also terrorism, war, disease, environmental disaster.  The sad list went on and on.  Yet, there is a great optimism that can follow the weathering of storms—new growth, a better way to do things, new relationships and renewed and strengthened bonds with existing ones.
 
I can’t seem to help it—I am brimming with excitement for the year and the new decade in particular.  Incredibly this mood even seems to be reflected in my workouts—I am running longer and faster on the treadmill (even though I have a long way to go to catch up on my fitness level!)  And it’s affecting my resolutions in my financial life too:  TFSA is done, RRSP is done, portfolio reviewed, and tax return sorting is done. . .as far as possible that is!  
 
We are looking forward to serving more clients, better, with the help of the great team at The Knowledge Bureau.   And, to add balance, our vacations are planned now to the end of July. . . we have decided to add in more fun because we are committed to laughing more often and enjoying the fruits of our labours!
 
So my wish for you is to plan to achieve your maximum potential in 2011.  Revisit what that is, or should be. . . and use all of your resources to your maximum advantage.  It’s Your Money. Your Life.  I hope the enthusiasm is contagious!
 
Happy New Year.  

2 thoughts on “Achieve Your Personal and Financial Potential in 2011”

  1. I have to ask when and how do you find that financial stability if your income is barely enough to pay your gas bill…..can u advice women like us?

  2. It may seem difficult today, but you need to begin to save as soon as possible for the future. Perhaps you should make a goal today to start the first day of next month.

    Begin by making sure you are not overpaying your taxes at source—that is, when the employer takes tax off the top. You can reduce those tax withholdings in many cases.

    Next, make a plan to start saving $3.00 a day for the next three months. If you can keep that up for a year, you will have just over $1000 to contribute to your RRSP at the end of the year. That will save you more money, because you’ll get a bigger tax refund, and if you qualify, more in tax credits, like the Child Tax Benefit. What do you have to give up to save $3.00 a day? Choose your vice, and cut it out! (Mine is shoes. . .I’ve been good lately!)

    Classify your income sources into buckets—if you receive Universal Child Care Benefits, add them to an “Education Bucket” for each child. If you decide that “bucket” is an RESP—a Registered Education Savings Grant—the government will pay you 20% of your contribution up to $500 a year as a Canada Education Savings Grant. Leverage your opportunities to save every chance you get.

    It’s really important just to begin. Your tax return, and all the tax preferences, credits and benefits available, is the first place to look for new money. Make it your business to know what provisions can help you. We have written and published several books just for that purpose. I hope you will order some of them. It’s not expensive to learn. . .just start. . .how about the first day of next month?

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