Your thoughts can make you richer - in 21 days

Napoleon Hill's famous book "Think and Grow Rich" originally published in 1937 during the Great Depression gave us some useful principles on which we can begin increasing our wealth and living richer more productive lives. His ideas are still valid even if a bit out of date. A new book entitled "The Wealthy Spirit" by Chellie Campbell goes a step further and challenges us to use affirmations for 21 days and prepare for positive results. You can create your own positive affirmations or use suggestions in the book such as "People love to give me money"! but you really need to believe it works in order to see results. Try it out and see what happens!

Your beliefs about money can hurt you

 An interesting study by Klontz et al on Money Beliefs and Financial Behavior in the Journal of Financial Therapy  indicates that your beliefs about money can be harmful to you.   People who focus on money worship, money avoidance and money status usually have less money than the people who don’t. For a good summary of the study  see this article by Angela Self at the Globe and Mail:   Your money beliefs could be hurting your bottom line.

Tax bill too high? Time for a post-mortem.

Tax bill too high? Time for a post-mortem|Morningstar

Trouble with the taxman?

Having issues with your notice of assessment from CRA? The Taxpayers Ombudsman may be able to help. See http://www.oto-boc.gc.ca/dlng-eng.html

Defined benefit pension plans

Defined benefit pension plans are becoming more and more rare. You can create your own equivalent to this type of plan. Contact us to find out how.

Also see http://tinyurl.com/Defined-benefit-pension-plans

 

 

Defined-benefit pensions on the wane

www.theglobeandmail.com

Financial crisis appears to have fuelled a growing shift by companies to defined contribution plans.

Best rates for a GIC

Nervous about the market and wondering where you can get the best rates for a GIC? Contact us at Celesta Financial for GIC and short-term deposit rates that are consistently among the highest available -- typically significantly higher than the retail rates posted by Canada’s ‘big five’ banks.

http://celestafinancial.com/ContactUs.aspx

Take a close look at your finances

Now that your tax return has been filed it is time to take a close look at your finances to see how you can save tax for the next year. Take a look at this useful site for updates on new tax rules http://www.taxtips.ca/

 

TaxTips.ca - Canadian Tax and Financial Information

www.taxtips.ca

 

TaxTips.ca - Canadian tax, financial and investing information and calculators for individuals and business