Commentary - Hans H. Mathisen
10 things you can do to live longer - The July issue
of LIFE LETTER gives some good health tips. A longer life also requires
stronger financial health. It would be my pleasure and privilege to
meet with you to discuss how you can strengthen your financial health.
How will you handle a financial emergency? - Most of us encounter at least one financial emergency during our life. That "rainy day fund" is like having smoke detectors and fire extinguishers in our home. Chances are we'll never need these safety features, but we do the best we can to provide protection for ourselves and our loved ones. I encourage you to call me now to set up your "rainy day" account.
SPECIAL REPORT - The transfer of our assets to our heirs is a concern to many of us. After all, why and for whom have we worked so hard all these years? This report features twin sisters Sarah and Lynn and demonstrates how the use of Segregated Funds can be utilized very effectively to maximize what will be transferred to our beneficiary/ies when we walk out. Please contact me on this topic. Your heirs will thank you for doing that.
THE STOCK MARKETS - At the completion of the first 7 months of 2005, the TSX Composite (+12.72%) leads the Dow Jones (-1.32%); the S&P 500 (+1.84%); and NASDAQ (+0.43%). The major European indexes are as follows: FTSE 100 +9.72%; DAX +14.81%; CAC +16.50%. Hong Kong: +4.57% and Japan's NIKEI +3.58%.
WALTON INTERNATIONAL - New properties are available, including land in the hottest real estate market in North America: Phoenix, Arizona. Please call me to explore these opportunities. I'll put you in touch with John Chomyn, our Walton representative.
And here is my bi-monthly update on two of my own
Segregated Funds portfolios:
Your call is invited for you to pick my brain on my invest approach and strategy.
10 things you can do to live longer
Aging begins the moment we are bom. It's only natural. There are a number of things you can do that can add years, perhaps decades, to your life.
1. Eat lightly. As we get older, our metabolism slows down and we need fewer calories to fuel our bodies. Reducing caloric intake by 15% to 30% can help avoid obesity and lower your food bill.
2. Eat whole foods. You are what you eat. We've all heard this one before, but it is so true. Today's food choices offer more and more processed products. This simply reduces the nutritional values and concentrates the calories we consume. By eating more foods as grown and reducing fat intake, you also get a bigger nutritional bang for your food buck.
3. Exercise. It's never too late to start. By becoming even moderately active regularly, you can improve your overall health and well being. Exercise does not need to be strenuous to be effective. By developing a regular weekly exercise plan, you can prevent muscle loss, reduce the effects of osteoporosis, control cholesterol levels and keep joints lubricated.
4. Enjoy healthy, close relationships. This lends itself well to enjoying life more. We may not want to admit it, but sometimes we need other people's help. Having healthy relationships also reduces stress.
5. Don't smoke. Smoking is one of the main causes of heart disease, cancer and stroke. It constricts blood vessels, raises blood pressure and can increase cholesterol levels. Smoking is also very expensive.
6. Get lots of fresh air. Open windows instead of running the air conditioner and go for regular walks outdoors. Our bodies need lots of oxygen to function well. Getting plenty of fresh air helps with lung capacity and can improve blood circulation.
7. Get plenty of sleep and rest. We need some time to "re-charge our batteries" and if we don't, we just run down more quickly. By not getting enough sleep and rest, our bodies can become more susceptible to illness and disease.
8. Do not work yourself to death. You should enjoy, the work you do. That said, you should not work yourself to exhaustion. Over work strains relationships, puts you at greater risk of workplace accidents and contributes to stress related ailments.
9. Live simply and avoid unnecessary stress. Have you noticed that our lives seem far more complicated than they were, say, ten years ago? By reducing the "things" in our lives and stop trying to keep up with your neighbors greatly reduces stress. It puts less strain on our wallets, too.
10. Have regular bowel movements. It's something we don't like to talk about, but many ailments in today's society have been linked to an underactive, lazy colon. Studies have shown that a woman who has two or less bowel movements per week increases her risk of breast cancer by 400%. Eating fibre rich foods like fresh fruit, raw and cooked vegetables, whole grains, beans and brown rice, and drinking 8 to 10 glasses of water daily can help greatly.
Want help with your financial health strategies?
Copyright © 2005 Life Letter. All rights reserved
How will you handle a financial emergency?
During an intense rainstorm, water flooded in the windows of Doug and Linda's basement. They were kept out of their home for several weeks while work crews repaired the extensive damage. Their homeowners insurance only covered sewer backup, so they were responsible for the cost of the repairs and hotel rooms while the repairs were being done.
The company Jason worked for was suddenly shut down when the owner passed away. Due to a freeze on the bank accounts, final pay cheques were delayed. It took him almost two months to find a new job comparable to the one he just lost. His monthly bills and payments still had to be made.
Gayle fell asleep at the wheel while driving home late one night and her car rolled in a ditch. She was seriously injured and was off work for almost eight months. Fortunately, no one else was hurt. Gayle's disability insurance did not start paying her an income until she had been off work for 90 days. She still had to meet her expenses until her disability income started.
We can't know when a financial emergency might happen. It is important, though, to be prepared for one. You've probably heard that you should save some money for a "rainy day." For the people mentioned above, some rainy day money would certainly help them through their financial crises.
How much is enough? Ideally, you should have between three and six months income set aside in case an emergency arises. More is even better.
Where should the rainy day funds be kept? You have several choices and they include:
High Interest Savings Account - There are a few banks offering savings/chequing accounts that pay interest in excess of 2.25%. You can make arrangements to have regular monthly deposits made to these accounts to accumulate your rainy day funds. However, like any savings account, access to the money is very easy and it can be tempting to dip into the account for other things. Typically, savings accounts are more of a put-and-take arrangement and it is difficult for most people to maintain a balance.
Investment Funds - These offer the potential for better returns than a savings account and can also be set up to accept regular monthly automatic deposits to build up your balance. Funds are not as easy to get at as a savings account, so they are less likely to be used for less than emergency situations.
Permanent Life Insurance - A Whole Life or Universal Life policy accumulates a cash value. Depending on the policy, you can access funds by either a policy loan or an outright withdrawal. As funds are not as easy to access as a savings account, they are more likely to be there when you need them. Plans can be made to repay any loans or withdrawals to replenish your rainy day fund.
It does not have to be an emergency to use the funds. If an opportunity arises, wouldn't it be nice to have the money to take advantage of it? We can hope for the best, but we should plan for the worst.
Want help setting up your rainy day account?
Call Hans Mathisen today at (306)242-7042.
Copyright © 2005 Life Letter. All rights reserved
Mutual confidence is the power that binds together all harmonious human relationships.