Finding the shortest and safest route to any of your dreams requires planning and only with a carefully thought out financial plan can you be sure to make the most of your resources and to protect against risks along the way. At Worby Wealth Management, Chris will do his best to help you achieve those dreams with a financial plan that is tailored to your specific needs and based on your individual situation.

Let TRUSTED REGINA's FINANCIAL ADVISOR Chris Worby from Worby Wealth Management help you live your dream!

Here Chris shares a tip on how to get the most out of your money:

Can your Dollar Multi-task?

In financial planning, we talk a lot about efficiency and finding the best way to achieve your goals. One question that is good is this one:

“What’s the best thing to do with my money? Invest? Pay down the mortgage? Save for a rainy day? Save for the kids’ education?”

Guess what? This is not a ‘yes or no’ question. What if you could do a bit of all of it.

Say you are someone who makes $75,000/yr. And let’s say you do what you’re supposed to and you save 10% - $7,500. What’s the best way to increase your net worth with this $7,500?

Let’s say you put this in your RRSP. That means you would have $7500 invested plus $2925 in tax return.

Let’s say you put this into your Registered Education Savings Plan – it will hold $2500/yr and get matched at 20% or $500 in this case.

You still have $425. You could put this in your TFSA or pay down your mortgage – whatever you like. But here’s the tally of what net worth you have added with this strategy:

$7500+$2925+$500=$10,925

That’s a 46% first year rate of return if you want to think of it that way!

And just a sample of the types of ideas we come up with when you do a financial plan with us. Call us today to get  the ball rolling.

Call Chris Worby at (306) 757-4747 ext 226 or on his Cell: (306) 737-2909. Check out his listing on the Regina Directory in the REGINA FINANCIAL SERVICES category . Chris is a Trusted REGINA FINANCIAL EXPERT