THE SECRET TO WHY SOME COUPLES RARELY ARGUE ABOUT THEIR FINANCES

There are few adventures in life more meaningful than falling in love and getting to know your romantic partner. Couples talk deep into the night, go on long walks, dissect their previous relationships, and fill each other in on where they grew up and what they studied in school, while sharing their dreams for the future. But when, exactly, do you ask your new love about their credit card debt or how they plan to save for retirement? It might seem trivial, but it’s not. Marriages have floundered on this issue. Any couple planning to share their lives should make a point of getting to know each other financially, as well as romantically. This process will not only lay the groundwork for miles

WOMEN AND FINANCIAL INDEPENDENCE

Nearly four-in-10 (38%) Canadian women admit they know “very little” about finance and investment according to the national Financial Independence survey commissioned by the Financial Planning Standards Council (FPSC) in time for International Women’s Day (March 8). The Leger poll asked 1,000 Canadian women about the struggles they face when it comes to feeling financially empowered. The survey found nearly nine-in-ten (86%) Canadian women have at least one struggle when it comes to their finances, including the following: Nearly four-in-10 (38%) say they know “very little” about finance and investment Nearly three-in-10 (28%) are dependent on a partner or someone else to make ends meet fina

MINDFUL FINANCIAL PLANNING: 6 TIPS FOR WOMEN

The demographics of women have changed rapidly over the last half-century. Women are now a prominent component of the corporate world and the global business landscape. More women are also taking stewardship of family and business finances. Long gone are the days of husbands doing all the financial planning and investing. Women are often intuitive, thoughtful and compassionate, and can use these qualities to their advantage as they plan for their financial future. In doing so, here are some things to be mindful of: 1. LET GO OF BAGGAGE We all make financial blunders―it is part of being human. A dodgy business deal gone askew or personal mistake such as paying a late fee on credit card can ha

WOMEN TAKING CHARGE: PLAN TODAY TO LIVE THE LIFE YOU WANT TOMORROW

TIMES HAVE CERTAINLY CHANGED FOR WOMEN For the first time in history, women hold more senior jobs and earn and control more money than ever before. In fact, there’s a good chance that at some point in their lives they’ll be in charge of the majority of household financial assets, either through the sweat of their own brow or from an inheritance. BUT WAIT, THE JOB’S NOT DONE YET… This societal shift has put women today in the best position they’ve ever been to shape their own future. Yet despite that, there are many women―married, single, young and old―who still fail to take control of their own financial future. Why? Traditionally, married women left it to their husbands, while single women

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CLEMENT CHUNG, CFP, CLU

Certified Financial Planner

Fee-Based Financial Planning
Burnaby & Metro Vancouver

©2018 by Clement Chung.