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I graduated. Now what?

I graduated. Now what?. About me. Healthcare Financial Group Inc Public Relations Bradley Roulston CFP, CLU. Today. Psychology of money Easy ways to understand finances Investing Debt dangers for new grads. Psychology of Money. Money is the number 1 fight among partners

sean-francis
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I graduated. Now what?

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  1. I graduated.Now what?

  2. About me Healthcare Financial Group Inc Public Relations Bradley Roulston CFP, CLU

  3. Today • Psychology of money • Easy ways to understand finances • Investing • Debt dangers for new grads

  4. Psychology of Money • Money is the number 1 fight among partners • Money is the most avoided family conversation (even more than sex) • What is your attitude towards money?

  5. Would you rather… Earn $100,000 with everyone in your community earning $120,000 OR Earn $75,000 with everyone else earning $50,000?

  6. Affluenza (n) A painful, contagious, socially transmitted condition of overload, debt, anxiety and waste resulting from the dogged pursuit of more (n) The bloated, sluggish and unfulfilled feeling that results from efforts to keep up with the Joneses

  7. Your Financial Hike

  8. How does your money flow?

  9. Get yourself out of trouble

  10. Short term investments

  11. Packing for the golden years

  12. How much will you need? Canada Pension max: $934.17 Old Age Security max: $521.62 $1,455.79 Russell 20 Rule: “For every $1 you need in retirement income, you’ll need $20 in the bank” Retirement goal = investment amount * return * time

  13. How do you time the markets?

  14. … No one can … • You Can Choose To Be Strategic • Dollar Cost Average • Build a balanced portfolio • Work with a trusted CFP • Be Female

  15. Owe Canada • Personal Debt is at $1.5 Trillion • National Debt currently stands at approximately $560,000 billion • About $16,500 for every Canadian citizen • Around $24,000 for every taxpayer • Provincial debt, add another $10,000 per person www.debtclock.ca

  16. Canada’s household debt at record high

  17. Lines of credit fastest growing

  18. Debt = Slavery $30,000 debt at 6% paid over 10 years will have monthly payments of $332. Total cost $39,834

  19. Personal Savings Rates in Canada

  20. Student Loan • Consolidating Period • Variable vs Fixed Rates Keep with the government • Interest Relief • Loan Reduction • Period Extension • Interest Tax Credit (15%)

  21. Questions?

  22. More questions?Ask an expert atask@waterloobanking.com

  23. info@waterloobanking.com

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