I graduated.

Now what?

About me

Healthcare Financial Group Inc

Public RelationsBradley RoulstonCFP, 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

• Money is the most avoided family conversation (even more than sex)

• What is your attitude towards money?

Would you rather…

Earn $100,000 with everyone in your community earning $120,000

OR

Earn $75,000 with everyone else earning $50,000?

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

Your Financial Hike

How does your money flow?

Get yourself out of trouble

Short term investments

Packing for the golden years

How much will you need?

Canada Pension max: $934.17Old Age Security max: $521.62

$1,455.79Russell 20 Rule:

“For every $1 you need in retirement income, you’ll need $20 in the bank”

Retirement goal = investment amount * return * time

How do you time the markets?

… No one can …

You Can Choose To Be Strategic• Dollar Cost Average• Build a balanced portfolio• Work with a trusted CFP• Be Female

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

Canada’s household debt at record high

Lines of credit fastest growing

Debt = Slavery

$30,000 debt at 6% paid over 10 years will have monthly payments of $332.

Total cost $39,834

Personal Savings Rates in Canada

Student Loan

• Consolidating Period

• Variable vs Fixed Rates

Keep with the government

1. Interest Relief

2. Loan Reduction

3. Period Extension

4. Interest Tax Credit (15%)

Questions?

More questions?

Ask an expert atask@waterloobanking.com

info@waterloobanking.com