The Science of Saving

Review each expense and see how much you can save each year by elimintating or reducing some of those wants. even something as simple as switching from a daily five dollar to a two dollar coffee can save you over $600 in a school year of 200 days. Your coffee just paid for a new laptop! Even the “needs” should be reviewed to ensure that you are not living like a king on a pauper’s income. Consider how you spend every dollar and what else that dollar could have been used for. Every dollar has the possibility for greatness – not just instant gratification.

As Warren Buffet once said:

“Someone is sitting in the shade today because someone planted a tree a long time ago.”

How will you choose to plant the seeds of loose change rattling in your pocket?

In the next issue, we will discuss how to automate your savings using a proven system used by millions.

Jorge Ramos – CFP, CLU, CFE

Jorge Ramos has 19 years of experience in the retail financial services industry. His most recent position was as a private wealth consultant with one of the country’s most highly-respected private banks.

A passionate advocate of financial literacy, Jorge started ‘Camp Millionaire’ in Canada, a summer camp that teaches children basic life skills in money management and investments. He has also partnered with Second Opinion where his wealth of experience allows him to advise clients on a wide range of issues related to investments and personal finances.

www.financialiq.ca
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jramos@financialiq.ca