I want to tell you some of my story and why I am a financial coach willing to point people in the direction of managing their debt and investing/saving not only responsibly but fruitfully!
Back in the first part of the last century, my Grandfather was a very successfull and profitable business man. He was killed in a car accident in 1953 and left all his assets in a trust fund with a 'reliable' company. He had set things up so his wife would be able, not only to live but be cared for the rest of her life, at which time his moneys would be divided up between his 5 children.
Grandpa trusted a trust company who betrayed his trust! The transferred his funds from one place to the other on an ad lib basis because they earned good fees doing it. We visited our step-Grandma in 1964 and couldn't believe the poverty she was living in! The Trust Company transferred time after time till almost everything was gone. When Grandma died in about 1969, there was nothing left. I call 10K down from over 100K, nothing!
Now you can understand why I'm in the business of educating people about GIC's, Life Insurance, Mutuals, RRSP's etc. There are a lot of people out there willing to take your money but not willing to teach you about the tool you're using or why you're not making the return on your money that you should be.
Please read the fine print to any of your money documents. Learn where your money is and what it's doing. It's your money!
Monday, November 27, 2006
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