Stewart Financial Services

Starting Out

Graduating is an exciting rite of passage and you are to be congratulated for your achievements. Life offers many other exciting opportunities, and now is the time when many university and college graduates start out on their own.

 

What is important in this season of life is establishing credit, paying off school loans, building your career, starting a savings plan and securing your financial future.   It is now time for you to start thinking and preparing about your individual Insurance, financial and Investment needs. It may be that for the first time in your life, you are responsible for all your insurance and financial needs.

 

Think about Insurance.

Buying Insurance when you are young lets you take advantage of lower premiums, since most Insurance products are priced so that premiums are lower when you are young and healthy. Even if you do not have dependants, Insurance can protect you against the financial impact of a critical illness or disability. Insurance is your major protection against financial risks, and knowledge about basic insurance facts can make you a better consumer.

 

Create a plan today, to meet your future through:

Debt and Expense Management – that means living within your means. Take advantage of a disciplined approach to saving and investing with the concept of living off of 90% of your income, then use the 10% to protect yourself and invest in your future.

 

Savings – Emergency and unplanned expenses (TFSA). You have probably heard it before and it is an important message – pay yourself first! Whether you are saving for the short-term or investing in the long-term, it is a good idea to get into the habit of putting aside part of your earnings. This will give you a disciplined approach to investing and allow you to take advantage of time to allow your money to compound and grow.

 

Insurance Protection – protecting your ability to earn an income with Critical Illness Insurance and Disability Insurance. Managing your health care costs with Health Insurance.

 

Planning for the future – house (HBP), rainy day (TFSA), start contributing to your retirement (RRSP, GIC, Annuities, Segregated Funds, Universal Life) or other Investment opportunities.

 

Contact Stewart Financial Services for more information about opportunities that will meet your current and future needs.