“Habits are the compound interest of self-improvement”
― James Clear, Atomic Habits.”
This month’s newsletter sheds some light on the use of insurance in your overall plan, explores compounding in both an investment and a personal sense and shares some of our recent volunteer efforts.
Is Insurance the Missing Piece?
In the realm of wealth planning, the question of safeguarding assets for future generations looms large. As individuals seek ways to fortify and pass on their wealth, the role of life insurance emerges as a pivotal component in the broader financial and estate strategy. We share an article that sheds light on the transformative potential of life insurance, transcending its common perception as a mere expense. The article underscores if efficacy as a tax efficient tool and how life insurance can amplify financial legacies and endure the smooth transition of assets: Is Insurance the Missing Piece in your Wealth Transfer
The Power of Compounding – in Health and Wealth
Compounding underscores the impact of consistent decisions over time in both wellness and investing. From small lifestyle changes to long term investment strategies, the cumulative effect shapes our future prosperity. Read how regular efforts yield significant results, emphasizing the value of persistence and patience: The Power of Compounding in Health and Wealth
Calgary Foodbank – Adaptability and Christmas in March
The team recently volunteered at Calgary Foodbank last March 14. Since it had been some time since we last volunteered our time, we were taken on a tour of the facility. Many changes have been made in the past couple years and some of the things we learned were certainly surprising.
- The Calgary Food Bank requires 200 volunteers per day!
- While there were pallets of food stacked up to the roof of the warehouse, they indicated that would all be used up within a couple of weeks
- They distribute over 500 hampers every day and on top of that, they will include birthday gift bags if a child is celebrating a Birthday
We were ready to roll up our sleeves to distribute or pack essential food items. The team from Calgary Foodbank taught us that in an endeavor like theirs, adapting to changes is one of their key characteristics. They had to pivot our project fast resulting in an opportunity for us to spread joy and warmth very early in the season by packing candy canes for the Holiday Train!
The Holiday train is an annual event with a concert, usually held at Anderson CTrain station for Calgary. The goal is to raise money, food and awareness for local food banks in communities. The concert is free but cash or non-perishable food donations are encouraged.