When it comes to our nutrition we often don’t think long-term. We may eat at fast food restaurants and eat unhealthy for the immediate gratification it brings us. Long-term – this is problematic for our health.  The same thing goes for our finances. We often spend our money on purchases for immediate gratification. This is detrimental to our long-term financial stability and can be detrimental to our mental health as well. I call this the Latte Theory. Let’s say you spend $5 a day at Starbucks (usually its $10). That is $150 per month. If you take that and invest it in a balanced portfolio that returns 8%, in 40 years you will have $503,605.87. If we go with the $10, you will have $1,007,211.74.

Meeting with a professional Financial Planner can determine what you will need to achieve your dreams, and work with you to develop a plan to make them a reality.

Jesse Reitberger, National Bank Financial
www.nbc.ca