Ontario Community Newspapers

Oakville Beaver, 17 Feb 2011, p. 13

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Embrace the winds of change for your financial benefithe winds of change are blowing aroundries have joined forces.have a plan? Is your financial life just coast-the globe. This is a wonderful oppor-Why would this happen? The answer ing along? Or are you being proactive to Ttunity to appreciate what has hap-would be the same as the previous two ensure you are heading in the right direc-Dollarspened and learn from it.examples. There was a benefit from a tion?&So today we will talk about change. Whychange.Are you saving enough? Yes we live in a it happens and if you can benefit from aAfter the recent world economic melt-society focused on consumerism, but you Sensechange in your own life.down both countries had to be more eco-should save for the future too. It is just a We will focus on making changes thatnomically prudent. They both had large debt simple trade off on what you will spend now By Peter Watsonwill benefit you financially. But as you readand needed to find ways to reduce their versus what you hope to be able to spend this article other aspects of your life might spending.later.come to mind.So in the exciting world we live in we Take confidence from the inspiration of The process of change is something we have seen three totally different, but tremen-others who have made staggering changes. The significance of the change in Egypthumans find difficult. For most of us changedously significant changes. The similarity is They only did this for one reason; to improve was just how quickly it occurred.is difficult; and for many it is next to impos-the participants of change were seeking to their situation.Also last week the Toronto Stock Exchangesible.improve their situation.That is the same rule you should apply. If announced a proposed merger with theWith the reality of how hard it is toAnd that brings us back to you.you can make your life better, then consider London Stock Exchange.change, lets consider the magnitude of whatDo you have an opportunity to improve making a change.Why would this happen? Both exchangessignificant news events have occurred dur-your life? Are you motivated? Is this a good The world is an exciting place. Change is are public companies and have a profiting the past week.time to make a change?happening at an accelerated pace.motive. The obvious conclusion is they seeLast Friday after an 18-day, relativelyFinancially, it could be you have too Do not be afraid of change. Embrace it. potential financial benefits in combiningpeaceful protest, the citizens of Egypt forcedmuch debt. Is that exorbitant interest rate Seize the opportunity to improve your life.forces. their dictator president, who had been inbeing charged on your credit card neces- Submitted by Peter Watson,MBA, CFP, We will consider one final example of apower for 30 years, to resign.sary?R.F.P.,CIM, FCSI. In 1991, Peter founded Peter change that Im sure no one would haveWhy did that happen? The people thoughtWhat are your financial objectives? Are Watson Investments in Oakville. Peter can bepredicted a few years ago. the status quo was not working and saw athey realistic? Do they get you to where you reached at 905-842-2100 or visit the website at In November 2010, Britain and Francebetter life with a different government. Theywant to go? Are they written down? Do you www.peterwatsoninvestments.com.signed a treaty that will merge parts of theirforced a change to improve the quality of military effort. Two countries that have beentheir life.periodic enemies during the last few centu-Speak up! 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