4 Behaviours that will Ensure You'll Retire Poor

Retirement Transition, Calgary

1.) Placing a higher value on looking Wealthy than being Wealthy. If looking rich is more important to you than being rich then you’ll never be rich due to living above your means. 


2.) Convincing yourself that you will start saving tomorrow. We all know how long New Year’s Resolutions last. The only New Year’s Resolution that I have ever kept is to eat more Ice Cream. Small and Now beats Large and Later. The later in life that you start saving for Retirement the larger the chunks of income you'll have to dedicate to it and this may not even be possible.


Find out we grew our personal wealth carefully:



Einstein said the 8th wonder of the world is compounding interest.



The longer your money is invested the more compounding you will experience. Never underestimate the value of time in the markets. 


3.) Paying interest rather than earning interest. Avoid paying interest on things that drop in value as they age (cars, quad's, boats, clothing, etc.) and start earning interest in an RRSP or a TFSA. The average Alberta family will spend more than $500,000 in interest in their lifetime. (Mortgage, car loans, credit cards, student loans, bank fees, late payments and more)


4.) Not taking advantage of free money. IE: Employer matching plans where you get 100% return immediately due to employer matching. RESP’s for your children's education: the Government will give you $20 for every $100 you put in. Take it and run don't leave it sitting there! It amazes me how often we meet people who do not take advantage of these no-brainers. If you see a $20 bill on the ground will you pick it up? Of course, you will. This is no different.



Your future is yours today - take control of it!


Related Article: Think Your Ready To Retire?


We can help you create sustianable, predictable cash flow from your portfolio in the most tax-efficient manner to ensure you never have to worry about running out of money.

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Willis & Nancy Langford

Everyone Needs & Deserves a Quality Retirement Plan

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My wife and I realized a long time ago the value of a financial planner over just a bank representative. We just felt like a number to the banks as every year it seemed we saw a different adviser with a different view. But finding a trusted, knowledgeable and personable financial planner took a lot of time and effort. It just seemed, so many large corporate Financial Planners were more concerned about what they could make off of us rather than what they could make for us.
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From the first time, we found the web site for Langford Financial Inc, we could see the knowledge of Willis and Nancy and a real effort to educate and pass on their knowledge through seminars, workshops and their personal service. Once I reached out through their web site for more information, Willis was quick to respond, offering and giving whatever information I was looking for and never was there pressure to commit to anything.
The feeling of comfort and ease when talking with Willis was inviting enough for us to want to meet with Willis and Nancy, just to see firsthand if there was a connection and what working with them would look like.
And when we did meet for the first time, that feeling of comfort and ease was very evident. It was a unique experience for us to be able to sit down and get to know a financial planner (or a team of both Willis and Nancy) and not have any sales pressure on us. Just getting to know Willis and Nancy was important for us. We needed to be comfortable with them and see their competence in the business, and it was obvious that Willis and Nancy wanted to know us better so they could know how best to help us.
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Paul & Elaine Radder
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