The TK Advisor -TK Financial Group Ottawa Blog about Life Insurance, Critical Illness Insurance, Wealth Management and Estate Planning

Exercise is important for your business health !

You may ask yourself what does exercise have to do with your business health . Lot's ! Many of us get buried in the hundreds of daily tasks and sometimes forget about our health . I did and it came with a cost . Exercising at least 5 times a week brings you mental clarity and thus enables you to make better business decisions . Through exercise we gain physical as well as mental strength . The days when you feel like you had a fridge thrown on you chose to go for a work out and see how that fridge flies off your back . 30 minutes a day can be your magical solution and no you do not have to stand at the gym and look at all the people walking around . Everyone has their own reasons to go to a gym and mine is simply to work out , get a sweat and feel great . Consider getting a personal trainer as it will motivate you because you have someone waiting for you which prevents you from skipping work outs . Personal trainer can also assist you in not only designing your routine but also motivating you when you hit plateaus ! Go work out and increase your business bottom line !

Estate Planning is not easy but well worth it !

There are many definitions of Estate Planning and each adviser has his or her own . My definition does involve completing a fact find , team solutions and lot's of conversation . It also involves bringing all advisor's into a single meeting and creating solution as a team rather then traditional way one silos at a time : accounting , legal , insurance , banking and investments . Some people will have you fill out a long questionnaire , feed the information into a computer and give you a report . While this does give you a snap shot of certain things it is far from being a Estate Plan . We are your personal financial architect !

Family Business Planning !

With so many family businesses  out there it amazes me how little or no planning is completed to : give parent's opportunity to enjoy retirement , pass business to next generations to come and protect the family members from arguments . When it comes down to understanding family dynamics and integrated planning there is a need for specialists who not only have experience but also are able to capture true desires of the family . Why would you not involve as many professionals in the process who bring their distinct values into the process ? You pay for services from all kinds of people in form or fees or commission from sales of various products you purchase . Create a new team of competent advisor's  and some of your existing advisor's may not have a role to play in your Estate Planning or corporate reorganization .

Estate Planning is not just for the rich !

When was the last time you had an audit of your financial affairs ? Yes a AUDIT !  MANY PEOPLE GET BUSY LIVING LIVES , RAISING FAMILIES , BUILDING COMPANIES AND FORGET TO PLAN THEIR OWN LIFE .We see weekly disasters waiting to happen because the planning people are doing or have done are in isolation . They buy product and rarely look at the effect it has on their big plan . Worst yet , people do not have a big plan . Yes we are paid to provide clients with products but we do much more then that . This week we were in a joint meeting with a group of professionals and one felt that he was a TRUSTED adviser . I explained whet my role is to the clients and it extends thousands of miles beyond simply placing a product . We wear many hats and have to me well rounded to provide you with advice .

Integrated Financial Planning !

Who are your members of the financial planning team ? Have they ever met ? Have they ever consider your needs in the BIG picture rather then isolated approach . Legal , Accounting , Insurance , Investment and Banking should be part of your plan . Do you want to know how to put all the integrated planning pieces to meet your objectives ? Call me and we will give you reasons why our approach is the best solution to build a solid financial future . We are your financial architects !

Canadian Anthem , why change ?

Are we going to change the anthem to be politically correct ? I think those people that want to change our anthem have way too much time on their hands . Maybe they should focus on changing how we can improve lives here and across the world . Leave good things alone . Focus on great Olympics and achievements of our athletes instead . Focus on what a great event we staged in Vancouver . Leave our anthem alone !

Wake up from auto pilot and look at your affairs !

My biggest challenge is to get people to complete a audit on their insurance plans as well as their estate plan . Estate plan is not a death plan people . Look at your retirement planning , look at your tax planning and look at your wealth generation . I have worked hard as have you throughout my life and omitted to do things which cost me money . Take a day off a year to plan for yourself . You say no time ! You are saying everyone else and everything else is more important then you  if you do not plan ! What do you want to be remembered for ? If this was the last day of your life what would you do and who would you spend it with ?

Live Life with No Regrets

You will agree we live in a world of fast pace and sometimes may be bombarded with things that just should not matter . Why are people so stressed and not happy . Maybe we need to realign our priorities and just sat NO or NO MORE to certain things things in life . Maybe we need to realign our game plan to meet head on challenges we may be facing . As they say " that is the definition of insanity ? doing same things and expecting different results " . I am looking at life in a different way now then I certainly did when I was 23 and I wish there was a way to teach our kids that there is a fine balance between how we think about and their own thoughts of entitlement . This attitude of " I know it and in your day " makes me laugh . We have to look at now first to create a future later . Too many times  I hear from people " could of ' should of ' might have been or would have " . Live with no regrets to mean stop looking back and feeling like I missed out on things . Let's focus on good things each day and get on with life !