Surprised? Don't be. Most people get it backwards. If you're not paying yourself first, you really ought to read this. It's like the joke about whether you have money left over at the end of the month or month left over at the end of the money; the funny part is that if you're serious about saving money you have to start at the beginning of the month, not the end. Like anything, you have to begin. with the end in mind, and pay yourself first.

Suppose you're 27 and want to save $1,000,000. by the time you're 60. That's only 396 months away, so you might think you'll need to pay yourself over $2,500. per month. Not so!

By using the tax act to your advantage, you can do it for only $500.

Even that may sound like a lot, but remember, you're worth it. The founder of the Holiday Inn hotel chain attributed his success to working half days and quipped "it doesn't matter if you work the first twelve hours or the second!" Based on this, if you pay yourself just $1.40 an hour, you can become a millionaire.

"People don't plan to fail; however, sometimes they fail to plan."

If you don't have a plan, we do. It embraces the Declaration of Taxpayer Rights, and ensures that the Government of Canada contributes to your financial success right along with you. We invest your money in an RRSP and reinvest your tax refund in two other asset classes, such that you have three different investment vehicles working for you. Ask yourself: Do you work for your money or does your money work for you?

For example, supposing you're 27 now, and prepared to pay yourself first. Even though the Canadian market has grown at an annual rate of 11.27% over the last 15 years, we'll assume a net return of just 7%. The chart below shows how simple it can be to become a millionaire.

So, if it's so simple, why isn't everyone doing it? Because while some hope to have a million at 60 and others want to have a million at 60, very few actually have a plan to have a million at 60.

You can do this. You know you can. We know you can too, so give us a call to open your plan, and get started.