Category Archives: Financial Planning

How do you get paid?

Financial Planner IncomeYou’ve seen those commercials on TV with clients questioning their advisors about how they are paid or requesting a “second opinion” on your investments.  But the old cliché You get what you pay for is fitting.

With YourStyle Financial, the initial consultation is free.  YourStyle Financial is more than an investment firm.  We incorporate all aspects of the planning process:  insurance, tax and estate planning, retirement projections and of course, investment advice.  A lot of elements are involved in developing a Personal Financial Action Plan: it can take an average of 5-6 hours.  There is no obligation to move forward or use any of the recommendations provided for your review; however, should you like what you see and decide to proceed, then, like most things in life:  There is no free ride. Continue reading

Planning for the Unplanned

Girl lift her hands to the sky and feel freedom.What comes to mind when you hear the term “financial planning”? It’s a kind of fuzzy term that most people associate with retirement or other such occurrences in the future. Thinking and planning for the long term makes sense, but what about now – today, tomorrow, or the day after?

Here’s a little scenario to get you thinking about today. You live in a nice home with your spouse and family. You’re both gainfully employed and life is going well. Since you’re feeling comfortable, you upgrade that old junker car to one that’s more appropriate to your current lifestyle. You deserve it! Continue reading

A New Year, a New Financial Plan

The holidays are over and the celebrations are complete. Now it’s time to look forward to the new year and all the opportunities it brings. When it comes to resolutions, the focus always seems to center around appearances and hitting the gym. Perhaps this year it’s worth thinking about hitting the financial plans. Continue reading

Struggling with Finances? You’re Not Alone

Financial StressWhen you’re sitting at the table shuffling through a stack of bills, or you’re scared to check your email for fear of finding new bills, it’s easy to think you’re all alone.  It’s natural to become overwhelmed and believe there is no way to dig yourself out of your current position. This type of thinking plays directly into your perception of yourself and your self-worth.

Manulife has been studying the link between health and wealth since 2014. What they’ve found was in 2015, financial wellness was connected to productivity. In 2016, it showed that 40% of Canadians are financially unwell. I guess you’re not so alone after all… Continue reading

‘Tis the Season… To be Penny-Wise

Holiday BudgetingNo, not the creepy clown from IT, more like Uncle Pennybags. As we head into the holiday season, it’s easy to fall into a spending spree with no regard for your financial state. In a time when wish lists are pervasive and the urge to impress is rampant, it’s more important than ever keep an eye on your bank balance. Continue reading