WealthBuilder Winter 2023 Edition

A key to achieving a financial goal

It’s human nature to generalize our goals. “I’ve got to start exercising” is a common one. But a key to achieving a goal is to first identify one specific step. For example, starting to exercise becomes taking a brisk walk every day.

The same idea applies to wealth planning goals. Say that someone’s general goal is to take their estate planning – which currently only consists of having a will – to the next level. They identify their first specific step as contacting their lawyer to get a power of attorney for property (mandate, in Quebec).