How to get the most out of your new revenue

How to get the most out of your new revenue (1 min 37 s)

Added on March 17, 2015

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Getting promoted is a milestone in your career. It is also an excellent opportunity to review or to set up your financial plan. With new earnings come new strategies. It's also a golden opportunity to take matters into your own hands and boost your sense of freedom.

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How to get the most out of your new revenue (1 min 37 s)

Added on March 17, 2015

Getting promoted is a milestone in your career. You feel proud, accomplished and filled with energy!

New responsibilities mean an increase in income, which in turn makes you happy and leaves you with a strong sense of autonomy and freedom.

That being said, it also means that your taxes will increase. If you want to take full advantage of the impact of your new earnings, it's important to set up a proper plan and strategies.

Trust my experience; it's easier to take action before you get used to having extra money. Why not invest half of your salary increase? Preauthorized payments are the easiest and most effective way to save.

Taxation is also a very important aspect to consider in order to reap the benefits of your new financial situation.

Your Wealth Management advisor is able to get an overall picture of your finances, which helps to establish the right investment priorities and decide whether it's best to use your extra cash to pay down your debt or to save for future projects. They have the necessary tools and expertise to set up the best tax strategy for you.

The bottom line is; you need to take action.

Important events like a job promotion are an excellent opportunity to review your financial plan—or to set it up if you don't have one! It pays to have a plan.

It's also a golden opportunity to take matters into your own hands and boost your sense of freedom.

See your advisor now and take action to achieve financial freedom in the short, medium and long term!

You can send me your questions at the address appearing on the screen. See you soon!