Taking Control of your Financial Future

Women today are constantly balancing a multitude of priorities, and it has been found that planning for their financial future often gets left by the wayside.  Only 4% of women actually spearhead their family’s investment strategy, and an overwhelming majority of women consider themselves novice investors, regardless of which age group they fall into.

The reality is that 90% of women will have to manage their finances on their own at some point in their lives and are very often unprepared for this eventuality.  If you find yourself in this situation, here are a few tips to help get you moving in the right direction, in order to take control of your financial future:

  1. Go into it with a positive attitude
    Believe in yourself that you have the power to get your finances into great shape, whether you’re just starting out or are years down the road.
    - Don’t be intimidated, be excited by it!
  2. Set your goals - Look to the future and ask yourself:where do I want to be financially 10/20 years from now?
    - at what age do I envision myself retiring?
    - how do I plan on achieving my goals?
  3. Make it a priority and become involved
    Talk to family/friends/professionals about it and keep learning – money shouldn’t be a taboo topic!
    - Don’t let someone else run everything for you – ask questions, get involved in the decision making.
  4. Work with a professional advisor
    This will give you peace of mind and ensure that you get on the right track and are properly set up to achieve your goals and objectives.
  5. Get started early
    Even if you only have a small amount of savings to start off, the most important step is to get started.Let your money work for you, by allowing your nest egg to compound over time.

Please reach out to me if you have any questions surrounding this topic – I’d be happy to chat!

Michelle Burandt, CIM
JCIC Asset Management Inc.
Tel. (416) 366-1122