#1 The 10% Rule - Pay Yourself First.
#2 Protect Your Finances With Insurance - The Correct Type and Amount.
#3 Get a Will - Know the Executor.
#4 Take Advantage of your RRSP - The 10% Rule is a Minimum.
#5 Debt Reduction & Good versus Bad Debt - Reduce debt service
payments on "bad debt" to no more than 10% of income.
#6 Own or Rent. - Is it better to own the property or rent and invest
the difference?
#7 Do not pay more taxes than necessary. - Invest and save for a
higher after-tax return.
#8 RESP - Take advantage of the free government grant. Aim for between
$2000-$4000 per child per year.
#9 Develop an Estate Plan Before it is too Late - Ensure that
everything is as beneficial for your survivors as possible.
#10 Ensure you own the Right Type and Mix of Investments - Asset Allocation.
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