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Money Management
How much should I be saving?
“To prepare for the future, let’s start the conversation with saving 10% of your income for future consumption. In other words, if you are making $100,000 a year, you should be thinking about saving $10,000 a year. (…) I know that level of savings may sound unrealistic, but trust me on this. For most people,…
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The Number One Secret to Financial Success
I have been a professional financial planner for a quarter century. When it comes to retirement income, there has always been the fear of finding out you aren’t going to have enough, and now it’s too late to do anything about it. But the challenges we are dealing with now seem only to exacerbate that…
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The pain of loss
The pain of loss is real, and it is acute, and it lingers. And, importantly, it affects how you make money decisions. It’s just one of the ways that emotional decision making can result in irrational decisions. Brad Brain_ The pain of loss _ Alaska Highway News
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Homeowners, and those who want to be, take note
“While many homeowners were content with their interest rates around 3%, there is now a huge opportunity to refinance your current mortgage and save thousands of dollars in the remaining years of your term. In most cases, the penalty can be capitalized into the new mortgage, and your savings starts to accumulate. Many clients are…
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If we were to meet in three year’s time…
Let’s say that we were to meet for coffee three years from today. What are all the things that you would like to have happened in the time from now until then for you to feel happy about your progress? Don’t just think about money. Think about your health, your family, your time, your capabilities….
Also posted in All Columns, Investment Management
It Ain’t What You Don’t Know
When it comes to personal finances there is a little more to it than simply we don’t know what we don’t know. As Mark Twain supposedly said, “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” Brad Brain_ It ain’t what you don’t…
Also posted in All Columns, Planning Encyclopedia
Additional investment columns
For compliance purposes, going forward most of my investment columns will be located here… https://bradbrainfinancial.com/investments-acpi/category/investmentblog/
Also posted in Investment Management, Smart Money Blog
The Great Goals in Life
Financial Planning is a process that can have a magnificent, meaningful impact on your quality of life. Some people equate financial planning with getting an adequate rate of return on your RRSP. That’s fine as far as it goes, but it’s and inadequate definition of financial planning. Financial Planning is a six step process that…
Also posted in All Columns, Retirement Planning
Underestimating the Severity of Your Own Situation
I think that is human nature to underestimate the severity of your own situation. In my own life I started putting on some weight in my thirties. It was no big deal, I thought. And I did nothing about it. I still ate everything that I wanted, and I wanted a lot. But my metabolism…
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Entertainment is not Wisdom
A few days ago I was asked for some recommendations on books to read by a person who was looking to learn a little more about the world of finance. Normally, that’s something that I can help with. I read a lot, and as it happens I was in the local bookstore just a few…
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