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Checklist: Peak earnings pitfalls

Check List Check List


Are you in danger of squandering your peak earnings years? This quick checklist of things people commonly do once they’re making comfortable incomes can help you answer that question.

Take a quick read through the list—if you check more than seven of the following items, speak to your advisor.

Preview of Checklist: Peak earnings pitfalls

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Checklist: Peak earnings pitfalls

Are you:

  • Considering, or in the process of, a major home renovation?
  • Starting to buy luxury items that you’ve denied yourself while establishing your career?
  • Buying a vacation property?
  • Doing away with your budget now that you’re earning a lot more?
  • Paying for your kids’ vacations, cars, weddings, etc.?
  • Funding your kids’ lifestyle (e.g., paying cellphone bills, car insurance, credit cards, etc.)?
  • Spending down, or avoiding creating, an emergency fund?
  • Making only minimum payments on your mortgage?

Courtesy of Advisor.ca © 2018 Transcontinental Media G.P. These materials are for reference and guidelines only. You are responsible for the advice you give your clients.
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