In The News

These articles will usually have links to new articles that I think are worth following up on or paying attention too. Keeping track of decisions that affect your money, your pensions, your investments, your taxes is a smart move.

How In-DEBT-ed Are You?

Moody’s Analytics has some pretty impressive accolades behind their name so, when they speak, the financial world sits up and listens. Most recently they made economic forecasts about the debt load of Canadians. Here is a link to one of the articles:

http://www.thestar.com/business/article/1252053–situation-improving-but-47-of-workers-still-live-paycheque-to-paycheque

What is your personal situation? Could you live for three to six months if your income dried up? Perhaps more importantly, how much personal debt are you carrying? It is so important to reduce your debt load as quickly as possible. If you have difficulties finding a way I would recommend any of the books written by David Bach. Take a look at my Resources page for some of his titles.

Are You Watching Your Bottom Line?

No matter what is happening to the national economy, you must stay on top of your own economic outlook. Credit is far too easy to attain; repayment remains elusive.

This news from Mark Carney, governor of the Bank of Canada. What is the news from the Bank of You?

http://www.ctv.ca/CTVNews/Canada/20120418/bank-canada-update-120418/

Will The Changes to OAS Affect You?

It is finally official. The federal government confirmed its proposed changes to OAS last week. In defense of these changes, the website reads: The OAS is the single, largest federal program. It is financed from general government revenue and provides benefits to most Canadians 65 years of age and over. Canadians are living longer and healthier lives; there will be nearly twice as many seniors in 2030 as there were in 2011, growing from 5 million to 9.4 million. This will place significant pressures on the OAS program.

You can read all the changes at the website. Browse around, follow links and check out the “Top Questions and Answers”.

Will the changes affect you? Depends on your age now for sure. I think it also depends on the ages of your siblings and friends. If this hurts them, it probably will affect you one way or another.

There will be an “opinion” piece from me later this week. I’d appreciate hearing your opinions too.

Photo Credit:  http://dna-of-humancapital.blogspot.ca/2011/02/asking-right-questions-about-talent.html

 

CBC Asked How Are You Saving For Retirement?

I was going to preface this post with some thoughts but, knowing my thoughts about the job our government is doing, the post would have to go into the “In My Opinion” category.

I am giving you these links to peruse, but please start following some of the links and Vote where you can. The Votes results are “interesting” – some of the results may be depressing, but I was puzzled by answers like “I have no retirement savings” and “I don’t know”. If you are giving the same answers please let me know – I am curious about my audience and what their needs are.

 

http://www.cbc.ca/news/business/story/2011/11/17/pension-plan-reform.html

http://www.cbc.ca/news/yourcommunity/2011/11/how-are-you-saving-for-retirement.html

Up the road I will no doubt be commenting on the idea of a PRPP program.

Top 5 Regrets of the Dying

This article appeared in The Guardian newspaper Wednesday, 01 Feb 2012.

By Susie Steiner

A nurse has recorded the most common regrets of the dying, and among the top ones is ‘I wish I hadn’t worked so hard’. What would your biggest regret be if this was your last day of life?

There was no mention of more sex or bungee jumps. A palliative nurse who has counselled the dying in their last days has revealed the most common regrets we have at the end of our lives. And among the top, from men in particular, is ‘I wish I hadn’t worked so hard’.

Bronnie Ware is an Australian nurse who spent several years working in palliative care, caring for patients in the last 12 weeks of their lives. She recorded their dying epiphanies in a blog called Inspiration and Chai, which gathered so much attention that she put her observations into a book called The Top Five Regrets of the Dying.

Ware writes of the phenomenal clarity of vision that people gain at the end of their lives, and how we might learn from their wisdom. “When questioned about any regrets they had or anything they would do differently,” she says, “common themes surfaced again and again.”

Here are the top five regrets of the dying, as witnessed by Ware:

1. I wish I’d had the courage to live a life true to myself, not the life others expected of me.

“This was the most common regret of all. When people realise that their life is almost over and look back clearly on it, it is easy to see how many dreams have gone unfulfilled. Most people had not honoured even a half of their dreams and had to die knowing that it was due to choices they had made, or not made. Health brings a freedom very few realise, until they no longer have it.”

2. I wish I hadn’t worked so hard.

“This came from every male patient that I nursed. They missed their children’s youth and their partner’s companionship. Women also spoke of this regret, but as most were from an older generation, many of the female patients had not been breadwinners. All of the men I nursed deeply regretted spending so much of their lives on the treadmill of a work existence.”

3. I wish I’d had the courage to express my feelings.

“Many people suppressed their feelings in order to keep peace with others. As a result, they settled for a mediocre existence and never became who they were truly capable of becoming. Many developed illnesses relating to the bitterness and resentment they carried as a result.”

4. I wish I had stayed in touch with my friends.

“Often they would not truly realise the full benefits of old friends until their dying weeks and it was not always possible to track them down. Many had become so caught up in their own lives that they had let golden friendships slip by over the years. There were many deep regrets about not giving friendships the time and effort that they deserved. Everyone misses their friends when they are dying.”

5. I wish that I had let myself be happier.

“This is a surprisingly common one. Many did not realise until the end that happiness is a choice. They had stayed stuck in old patterns and habits. The so-called ‘comfort’ of familiarity overflowed into their emotions, as well as their physical lives. Fear of change had them pretending to others, and to their selves, that they were content, when deep within, they longed to laugh properly and have silliness in their life again.”

What’s your greatest regret so far, and what will you set out to achieve or change before you die?