by Viola Van de Ruyt, Wealth Advisor | VandeRuyt Wealth Management Group –
Most women view money as a means to an end. It satisfies our “survival” needs, but yet with some thought and vision our money can add so much more satisfaction and value to our lives.
As a woman you bring many natural strengths to the financial decisions you make every day. Aren’t women:
• Relationship driven?
• Purpose driven?
• Community oriented?
• Nurturing?
While you may not have realized it, these are great strengths you use all the time to make solid financial decisions.
Many women end up feeling overwhelmed by financial jargon, charts and graphs and while the information is important, its only a piece of the pie. The starting point should always be:
What is important to me about money?
• My family’s well-being
• A comfortable lifestyle
• Security
• Helping those in need
You may have other items on your list, and they are valid concerns as they are important to you.
Speak with your advisor about this and ask how your investments and plan are going to meet those needs. Stop them and ask for it in plain language if they are using jargon or complicated explanations. If you don’t get the answers you are looking for, then it’s time to look around. Remember: you are in the driver’s seat, not them. The next step then is to find an advisor to work with you to use the tools of the financial industry to meet the financial purpose that is important to you.
Decisions involving money are emotional. As Morgan Housel says in his book, The Psychology of Money – doing well with money isn’t necessarily about what you know. It’s about how you behave. And behaviour is hard to teach even to really smart people.
For more information, visit www.violavanderuyt.com.
National Bank Financial – Wealth Management (NBFWM) is a division of National Bank Financial Inc. (NBF), as well as a trademark owned by National Bank of Canada(NBC) that is used under license by NBF. NBF is a member of the Canadian Investment Regulatory Organization (CIRO) and the Canadian Investor Protection Fund (CIPF), and is a wholly-owned subsidiary of NBC, a public company listed on the Toronto Stock Exchange (TSX: NA).” I have prepared this report to the best of my judgment and professional experience to give you my thoughts on various financial aspects and considerations. The opinions expressed represent solely my informed opinions and may not reflect the views of NBF.
