Wealth and Health

Feb 07, 2014 | Dian Chaaban


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They’re two sides of the same coin, aren’t they? While everyone defines their health & wealth differently – it’s hard to picture enjoying one without the other.

Yesterday, the WOA was at it again hosting an educational and insightful event at RBC's Plaza Main Branch geared towards inspiring your Finance & Fitness Resolutions for 2014. If you missed the event, here were my top 2 tips from each segment:

Dr. Emily Lipinksi said:

Coconut Oil improves your memory, may benefit Alzheimer’s disease, may benefit your cholesterol levels, is great for cooking (heat stable…unlike olive oil), tastes great in baking and can be used all over your body!

Is it really worth it to pay more for Organic foods? Yes, when you consider the Dirty Dozen (those which are heavily sprayed or which retain higher levels of harmful chemicals) and the Clean 15 (the contrary to what I just said). Read more here.

Teshia Maher said:

No matter who you are or what you do, we all fast while we sleep so start your day off right by drinking water. Make it even more beneficial by drinking warm water with lemon to detox every morning.

Bring yoga into your life! Whether it’s one-on-one with Teshia (who by the way is one of most sought-after Bikram yoga teachers in Toronto), as part of a class or in your own living room, the time you spend enhancing your flexibility and relaxing your mind will enhance your health in more ways than one…as Teshia says, “in the exhale lies the letting go”.

Yours Truly said:

Simplify your financial life by consolidating accounts, banking online, switching to e-statements, pre-authorizing your bill payments and paying yourself by setting up pre-authorized contributions to your RRSP, TFSA and Non-Registered Investment accounts.

Contribute often to your RRSP. As a reminder, the contribution deadline for the 2013 tax year is March 3rd, 2014. You can contribute up to 18% of your 2012 earned income, to a maximum of $23,820. For your exact contribution limit, check your latest Notice of Assessment, Notice of Reassessment or T1028 form, or log on to your CRA account here. You can also make your 2014 contribution any time to benefit from additional tax-deferred compounding - the maximum RRSP contribution for 2014 is $24,270.

Enjoy the weekend.

D.

Dian Chaaban

Investment & Wealth Advisor

Chaaban Wealth Management Group

416.842.4234