Financial planning is so much more than making and sticking to a budget. That’s the entry point; it’s where we start to build the habit of understanding how our money flows and learning to go with that flow, but it’s a fraction of what integrated planning can truly accomplish. At Succession Financial Planning, we are focused on helping you integrate the fullness of your wealth in a way that enables and empowers you to live with […]
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Just one more
They say that getting old happens slowly, and then all at once. Most of the change around us occurs so gradually that we barely notice it; ageing, losing or gaining our fitness, losing or gaining weight, intimacy in relationships, and debt and investing. These are some of the areas of incrementally-unnoticeable change with which we’re most familiar. Often, our experience begins with gaining or losing “Just one more”. Just one more day before we arrange that […]
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It’s more than wealth; it’s about living well
As Forrest Gump once said, “There’s only so much money a man really needs; the rest is just for showing off.” In the same way that we can struggle with too little money, we can also struggle with too much money. This is because wellness doesn’t depend on our wealth, and it depends on many factors, the most important of which is probably our mindset. The more we engage with our financial planning in a way […]
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Re-train your brain for healthier relationships
At the heart of everything, we find relationships. Most of these are unintentional relationships that happen situationally, but some are relationships that stem from our choices. From the moment we enter the world, we will have a relationship with everyone and everything: from the space around us to the people who are present and how each made us feel. While these connections are as old as life, the Scientific Revolution sparked Newton’s insight in 1687. He […]
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Feelings – thoughts – actions
‘Your mind will take the shape of what you frequently hold in thought,’ Marcus Aurelius. How we engage with our money reflects what’s going on inside our heads, which is an extension of what’s going on inside our hearts. They’re all connected. Our feelings affect our thoughts, which in turn direct our actions – but we can also turn that around by changing our actions to create new patterns of thinking, which in turn can change […]
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Don’t let tax get you down
We all know that the only two certainties in life are death and taxes. Even after we’ve gone, taxes are still levied against our estate. The more money we make, the more money the taxman looks to take. Tax can be a serious stumbling block in our financial mindset, especially when we think about all the ways in which we are taxed, where that money goes and how it is ultimately invested into our community, whether […]
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Power of attorney for your parents’ financial planning
In a recent article, we spoke about several vital concerns when assisting your parents with their financial planning. Towards the end of the article, we touched on POA, or Power of Attorney, as an option to help your parents when they are becoming too frail or physically impaired to manage their affairs. Power of attorney is a common route that many take, as it gives us the legal right to represent someone when they cannot be […]
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The importance of being intentional
If we don’t stand for something, we will fall for anything. Essentially, our actions will either result from what we choose, or what is chosen for us. Our days are packed full of communication and actions. From the moment we engage with our mobile device or open our emails, messages begin to stream in and affect us. We will either be triggered into action by what we engage with or choose to follow our own intended […]
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The benefits of a TFSA
Our country has been said to have one of the lowest household savings rates globally. At SFP, we know the benefit of saving for the long-term and building this as a monthly habit rather than a big end goal. One of the challenges with saving towards a large amount of money (for retirement or financial independence) is that we focus on the end goal and feel like it’s too big, and it becomes a hurdle to […]
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Four ways to measure your fortune
We often don’t worry about something until we realise that it’s limited. If we have lots of something, it’s a fortune. If we don’t, it can become a focus of concern and anxiety. Young children generally don’t worry about much if their needs are met. With access to their parents’ love, attention and confidence, children have much of the social affirmation they need. When school starts and they are placed in a room with lots of […]
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