Colwood Shores Financial

07/13/2023

Travel Insurance can offer you protection from an unexpected medical bill while away from your home province or country. While it is a smart choice to protect yourself and loved ones from bringing home a medical bill as an unintended souvenir, I also wonder why we focus on that 1 or 2 week timeframe but we don't always protect ourselves for the other 51/52 weeks a year.

Canada does offer us amazing coverage via our national health care program but as anyone who has had a serious health issue, there can often be unforeseen medical and lifestyle costs. Costs that are not covered by our health care system can be things like: lost income , lost spousal income, prescriptions, child care, hospital costs, home care and costs of the home.

Should we take a few moments to discuss if protecting all your days makes sense for you? If so, please contact me and we can find some time for a quick chat.

Regards,
[email protected]

07/10/2023

Summer and vacation season is well underway. Vacations are wonderful, often needed and highly anticipated. If you’re vacationing away from your home province, or home country, add travel insurance to your packing list to protect yourself from unexpected medical issues while away from home.

Shouldn’t you be financially protected? Contact [email protected] for a quote.

06/28/2023

National Insurance Awareness Day

“Insurance can provide security and protection in the moment we need it most, but many of us don’t think about our policy until that moment strikes.” - Eric Jacob, CISRO Chair.

What is it?
June 28 is National Insurance Awareness Day in Canada. On this day, we encourage Canadians to
review their insurance policies, and to get in touch with their broker for insurance expertise and advice, to ensure they’re protected when they need it most.
By proclaiming National Insurance Awareness Day, CISRO and its members hope to raise awareness for all Canadians on the importance of being properly insured and highlight insurance professionals as a resource to help navigate an individual’s unique needs.

06/28/2023

Financial planning is a term we have all heard of but maybe not fully understood. I am going to use the analogy of golfing as a backdrop to explain the process of financial planning. I think you will find that the game of golf and the process of financial planning are very similar.

1st – We approach the course and make the decision to play. Decide on the when, where to play, make the commitment to start the process.

2nd – Define our expectations. Are you in the right frame of mind to start today? How was your outing – are you bringing any frustrations with you? What are your dreams, desires and goals?

3rd – You need to get dressed and gather our clubs. You will need to gather your information – tax returns, existing policies, investments - just like golf, we need to have everything ready to go…ever try golfing without your putter?

4th - Pick your team and make sure they can assist you getting to your goals - nothing worse than spending time on the course with people who do not share your vision.

5th – You need to warm up. This means educating yourself on the options and opportunities - warming up our minds just like warming up our muscles.

6th – Now, time to survey the course. Have a good long look. Where are we going? How best to get there? Decide on where you want to be.

7th - Let’s place the ball. What is your first goal?

8th - Select your club. What is the best solution to get started with?

9th - Address the ball. Take the steps to move forward - sometimes this is just decision making, underwriting or making the commitment to monthly funding.

10th – Waggle. Now is the time to ask questions and ensure you are comfortable.

11th - Raise your club. Start the “paper work”.

12th - Keep your head down! Keep your eye on the ball! Patience is sometimes needed through this process.

13th - Hit the ball. Secure the solution. Follow through stay with the plan.

14th- Look and see where you have /are. Evaluate how the solution is helping you achieve your goal. Do we need to make any adjustments?

15th - Walk or ride a bit. Just like golf, financial planning is a combination of strokes.

16th - Hit again and again if necessary. What else have we not yet addressed?

Although, there are a number of steps, the good news is that I am here with you as your partner on the course.

Should we ‘tee’ up a time to chat?

Regards,

Jennifer Frederiksen-Browne

Colwood Shores Financial
[email protected]

02/09/2023

You may be drawn into conversations as to expectations for (and even the validity) of Valentine’s Day. By the way it’s February 14th, just in case you could use the reminder.

However, February is more than just Valentines Day – it is Heart & Stroke awareness month.

A quick tour around the Canadian Heart & Stroke website reminds us of the very real risks we all face:

9 out of 10 Canadians have at least 1 risk factor for heart conditions, stroke or vascular cognitive impairment.

Roughly once every 5 minutes a Canadian will have a stroke,
I realize that these are disturbing numbers and my intent was not to scare you but rather to draw your attention to some Canadian statistics.

We know that these conditions can happen - to the healthiest of us & the less than perfect, too – the difference is that we can take steps to protect ourselves from the financial impact in case one of these conditions does occur.

What would happen to your planning if you had a heart attack or stroke?

I welcome the opportunity to discuss how Critical Illness protection can protect your financial plan.

Please take a moment and ‘insure’ you know what the signs of a heart attack or stroke are so that you can contact medical assistance quickly.

Heart Attack - Emergency Signs
CALL 9-1-1
1. Chest Pains
2. Sweating
3. Upper body discomfort (neck, shoulders,arm)
4. Nausea
5. Shortness of breath
6. Light headedness

Stroke - Emergency Signs

Face - drooping
Arms - can you raise both?
Speech - slurred or jumbled?
Time - call 911 right away

Regards

Jennifer Frederiksen-Browne
Colwood Shores Financial

11/15/2022

11/08/2022

Something is always better than nothing. No matter how small.

11/03/2022

Some solutions to saving a bit of money when you think you don’t have any!

Saving money can be as fun as spending it.

10/28/2022

02/05/2021

Financial Advice Friday Tip No. 4: Failing to Plan is Planning to Fail....So you should probably have a financial plan. Pssst, we can help you with that, click the link to find out how! www.colwoodshoresfinancial.ca

01/29/2021

An oldie, but a goodie: Buy Low, Sell High.....still true after all these years.