• Develop and write a financial plan with your representative and try your best to follow it
• Define your short, medium and long term goals
• Create a monthly budget, watch your cash flow and know where you are at with your net worth
• Pay yourself first by utilizing a monthly systematic investment plan
• Know your risk profile before investing so that your investment fits your own needs and tolerance
• Set investment return goals and periodically review with your representative the performance of your portfolio and the investment managers
• Contribute to RRSP's and RESP's to maximize your tax deductions and to receive your government grants
• Receive an analysis on whether you should purchase RRSP's vs. paying down your mortgage
• Set up an emergency fund of at least 3 months income
• Be sure to have adequate life, disability and critical illness insurance as well as a current will
• Consider drafting a power of attorney
• Interview a few financial professionals before committing your future to one

Contact the financial experts at Macnaughton & Ward Financial Services for a no obligation consultation of your financial affairs