{"id":406,"date":"2021-01-06T21:02:53","date_gmt":"2021-01-06T21:02:53","guid":{"rendered":"https:\/\/advisor.wellington-altus.ca\/blairadrianwealthadvisory\/?p=406"},"modified":"2022-12-20T21:06:10","modified_gmt":"2022-12-20T21:06:10","slug":"healthy-habits-playing-your-trump-card","status":"publish","type":"post","link":"https:\/\/advisor.wellington-altus.ca\/blairadrianwealthadvisory\/2021\/01\/06\/healthy-habits-playing-your-trump-card\/","title":{"rendered":"Healthy habits \u2013 playing your Trump Card"},"content":{"rendered":"

The first few weeks of January are always filled with cautious optimism. There\u2019s Dry January and fitness goals (pre-pandemic fueled by discounts to gyms and a plethora of healthy food meal plans). People commit to learn how to juggle or read 12 books or floss every day! Sadly, by mid-February the lustre of a new year where failure hasn\u2019t marred its surface has faded. You weren\u2019t able to finish the 4th<\/sup>\u00a0chapter of that supposed bestseller. The floss thing lasted a week until that TV marathon you\u2019d tried to resist on the weekend claimed you, etc.<\/p>\n

When you feel like your healthy habits aren\u2019t forming as quickly as they should, nor your waistline shrinking as quickly, play your trump card. Do a little every day or every other day and try not to get down on yourself if you fall off the wagon occasionally. For most things\u00a0the accumulation<\/strong>\u00a0of what you do at the beginning and middle leads to a big pay-off at the end. For your investments, don\u2019t feel down if you didn\u2019t invest a lot in 2020. 2021 is a new year.<\/p>\n

The easiest way to accomplish your short-term financial goals is to automate them. The adage is still true: if you don\u2019t see it, you don\u2019t spend it. Here are some simple examples.<\/p>\n

TFSA contribution for 2021 is $6,000. If you intend to contribute the maximum but would rather not contribute a lump sum, just add your TFSA as a payee from your online banking and dump in $500\/month.<\/p>\n

Same thing for your RRSP. Best is to contribute a lump sum each year. The 2021 RSP limit is $27,830 or $2,320\/month. It beats paying it to the CRA.<\/p>\n

If paying down your mortgage is a priority, then think about increasing your monthly mortgage payment to become debt free earlier.<\/p>\n

If those numbers seem too large\u00a0play your trump card<\/strong>\u00a0and start small. Five dollars saved is better than none. Do what you can when you can, and you\u2019ll be surprised by what you\u2019ve done one presidential term later.<\/p>\n

2021 is going to be great and January is as good a time as any for a fresh start.<\/p>\n


\nPhoto by\u00a0Josh Appel<\/a>\u00a0on\u00a0Unsplash<\/a>
\n<\/span>
\nThe information contained herein has been provided for information purposes only. The information has been drawn from sources believed to be reliable. The information does not provide financial, legal, tax or investment advice. Particular investment, tax, or trading strategies should be evaluated relative to each individual\u2019s objectives and risk tolerance. This does not constitute a recommendation or solicitation to buy or sell securities of any kind. Wellington-Altus Private Wealth Inc. (WAPW) does not guarantee the accuracy or completeness of the information contained herein, nor does WAPW assume any liability for any loss that may result from the reliance by any person upon any such information or opinions. Before acting on any of the above, please contact your financial advisor. WAPW is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada.<\/span>
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\n\u00a9 2022, Wellington-Altus Private Wealth Inc. ALL RIGHTS RESERVED. NO USE OR REPRODUCTION WITHOUT PERMISSION.<\/span><\/p>\n

www.wellington-altus.ca<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The first few weeks of January are always filled with cautious optimism. There\u2019s Dry January and fitness goals (pre-pandemic fueled by discounts to gyms and a plethora of healthy food meal plans). People commit to learn how to juggle or read 12 books or floss every day! Sadly, by mid-February the lustre of a new year where failure hasn\u2019t marred its surface has faded.<\/p>\n","protected":false},"author":149,"featured_media":407,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_oasis_is_in_workflow":0,"_oasis_original":0,"_oasis_task_priority":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/advisor.wellington-altus.ca\/blairadrianwealthadvisory\/wp-json\/wp\/v2\/posts\/406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/advisor.wellington-altus.ca\/blairadrianwealthadvisory\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/advisor.wellington-altus.ca\/blairadrianwealthadvisory\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/blairadrianwealthadvisory\/wp-json\/wp\/v2\/users\/149"}],"replies":[{"embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/blairadrianwealthadvisory\/wp-json\/wp\/v2\/comments?post=406"}],"version-history":[{"count":1,"href":"https:\/\/advisor.wellington-altus.ca\/blairadrianwealthadvisory\/wp-json\/wp\/v2\/posts\/406\/revisions"}],"predecessor-version":[{"id":408,"href":"https:\/\/advisor.wellington-altus.ca\/blairadrianwealthadvisory\/wp-json\/wp\/v2\/posts\/406\/revisions\/408"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/blairadrianwealthadvisory\/wp-json\/wp\/v2\/media\/407"}],"wp:attachment":[{"href":"https:\/\/advisor.wellington-altus.ca\/blairadrianwealthadvisory\/wp-json\/wp\/v2\/media?parent=406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/blairadrianwealthadvisory\/wp-json\/wp\/v2\/categories?post=406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/blairadrianwealthadvisory\/wp-json\/wp\/v2\/tags?post=406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}