3 Financial Mistake to AVOID

1. Not starting early in life with a financial plan - It’s true: we will spend more time planning our summer vacation than we will planning our financial future. David Chilton’s book, "The Wealthy Barber” is a great book to get you started on a right path. Insurance, investments, wills, TFSA’s, RESP’s, RRSP’s are simply the vehicles we can use to get us where we want to be. 

2. Unplanned spending - Do you really know how much you spend each month? Or, Where you are spending it? If you’re not paying your credit card balance in full at the end of each month chances are you have unplanned spending and need a better budget. According to creditcards.com 52% of Canadian households carry a credit card balance from month to month. Failure to plan is a plan - it's a plan to fail!
3. Misunderstanding and mismanaging risk - Imagine the financial consequences of our house burning flat to the ground and not having any insurance to replace it. Not only would we have to continue paying the mortgage, we would have to come up with the money to rebuild. We just don’t do this. There are risks associated with living and we need to understand and manage them well.

At Langford Financial we help you Achieve Financial Freedom Sooner by creating a customized action plan so that they can have peace of mind while working towards a successful financial future. Contact us to find out how we can help you!

 

Let's Improve Your Cash Flow! We can help you create a Cash Flow Plan to find the money you need to fund the LIFESTYLE you want TODAY and FOREVERWhat's Next?

 

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