Our Monthly 3-2-1- Newsletter
RESOURCE: Preserving Wealth: Chapter One, What are the 7 Key Lessons for Inheritance and Financial Planning?
In the first chapter of Preserving Wealth for the Next Generation, we are introduced to a family gathering at their father’s summer cottage in Honey Harbour. It’s the opening weekend of summer, but it’s filled with mixed emotions, as the family is coming to terms with the loss of their father and the inheritance he left behind. As the siblings contemplate their new financial responsibilities they turn to Uncle Wayne, a trusted family friend, for guidance.
RESOURCE: Preserving Wealth: Chapter Two, Essential Insights from the Double O’s
Chapter 2 delves into the importance of assessing one’s financial standing through the “Double-O Lists” – what you OWN and what you OWE. Set in a familial setting, Uncle Wayne imparts invaluable wisdom, stressing the significance of meticulous financial planning and debt management.
RESOURCE: Preserving Wealth: Chapter Three, Retirement Income and Cash-Flow Planning
Uncle Wayne discusses retirement income and cash flow planning as critical aspects of financial planning, particularly as individuals transition from working to retirement. He delves into the intricacies of planning, managing investments, and mitigating risks.
Do You Have Questions?
If you would like to set a time to discuss any of the above or have any other questions, please use the link below to set a time for a virtual meeting or telephone call.
Two Curated Articles!
21 Summer Wellness Ideas: Tips for a Happy & Healthy Summer
With warm weather, sunshine, and plenty of outdoor activities, the summer season offers outstanding opportunities to improve your overall health and wellness – and perhaps cross a few items off your summer bucket list at the same time!
21 Summer Wellness Ideas: Tips for a Happy & Healthy Summer
The Ultimate Guide to Geocaching – Unlocking the Worlds Hidden Treasures
Geocaching is an outdoor recreational activity that combines technology and treasure hunting in a unique and engaging way. Participants use GPS devices or smartphone apps to locate geocaches, small containers hidden at specific coordinates all around the world. Originating in the early 2000s, geocaching has grown into a global phenomenon, with millions of caches hidden across continents, from urban landscapes to remote wilderness areas. This activity encourages exploration, problem-solving, and physical exercise as participants navigate to specific locations to find caches.
The Ultimate Guide to Geocaching in 2024- Unlocking the Worlds Hidden Treasures
One of Something Else!
The Singularity is Nearer by Ray Kurzweil
“The Singularity is Nearer” by Ray Kurzweil is a follow-up to his earlier book, “The Singularity is Near.” In this book, Kurzweil dives into the fascinating idea of technological singularity, a future moment when artificial intelligence will surpass human intelligence and drastically change our world. He talks about exciting advancements in AI, biotechnology, and nanotechnology, showing how these fields are rapidly evolving. Kurzweil predicts that this fast-paced technological growth will lead to amazing innovations in areas like medicine and energy, ultimately transforming and enhancing our lives in ways we can hardly imagine. (note: it is a bit technical is some parts)
PS If you have enjoyed this 3-2-1, feel free to pass it along!
Best Regards, Jack
What To Do Next
Are You on Track with Your Retirement Strategy? FIND OUT TODAY!
For more information, refer to Preserving Wealth: The Next Generation – The definitive guide to protecting, investing, and transferring Wealth by Jack Lumsden, MBA, CFP® or schedule a call with Jack at 905-332-5503
Jack Lumsden is a Financial Advisor with Assante Financial Management Ltd. The opinions expressed are those of the author and not necessarily those of Assante Financial Management Ltd. Please contact him at 905.332.5503 or visit www.jacklumsden.com to discuss your circumstances before acting on the information above.
