Balancing today's financial needs with tomorrow's goals is important, but it can be tricky. If you're feeling a bit overwhelmed, here are some tips to help you stay in control.
Your life is kind of like the circus—it’s the greatest show on earth. And just like under the Big Top, your life has many different acts.
Imagine a juggler next to you. That magnificently talented spectacle is kind of like your finances. See, his job is to never stop juggling because each ball is so important that if it drops, the consequences affect the success of the entire show.
Each of his colourful balls symbolizes an aspect of your financial health. The red one that’s currently in the air, that’s your mortgage. The blue one is your cost of living. The neon ball is your short-term savings for all the fun stuff. Green is your investments. And that multi-coloured ball? It represents your financial health down the road and into retirement. It’s made up of pieces of all the rest of the balls because the success of your future financial goals is influenced by how the other moving parts in the act are handled.
But there’s only one problem. In this circus (AKA your life), you’re the juggler. And juggling may not be your forte. Plus, if you’re constantly focused on keeping those balls in the air, how are you supposed to enjoy the rest of your life? This is where an expert juggler, better known as a Northern Advisor, becomes essential.
A Northern Advisor can balance your financial needs of today with your goals for tomorrow. How? They work with you to create a foundation to build your assets for the future to help you live the life you want. And to accomplish this, every Northern Advisor does the following:
We listen. Successful wealth management can’t be achieved until we understand your short and long-term goals. We want to hear how you envision your future, and then paint a clear picture of how those goals translate financially.
Second, we plan. Having a tailored, personalized plan around your unique financial circumstances and investment needs allows you to make the most of your assets moving forward. After all, you work for your money. Why not have it start working for you, too?
We take the feeling of being overwhelmed by financial planning and make navigating retirement savings options like RRSPs, TFSAs and GICs comfortable while maximizing your current savings and debt load.
We create an ideal financial environment for your money to grow, leaving you room to enjoy life.
Finally, we stick with you. A Northern Advisor works for you and we are in it for the long haul. That means we’ll continually work with you to ensure your financial goals are met.
Without a financial plan you’re less likely to set realistic goals and stick to them. And with so many investment options vying for your attention, it’s hard to keep track and make the right choices, especially when you’re trying to keep all the other balls in the air.
In this circus of life, you’re the Ringmaster. Having the right financial team in place to make the show run smoothly will determine its long-term success.
You already have enough to juggle in life. So, contact a Northern Advisor to start the conversation about your financial goals and discover the best plan that works for you.