DANIEL ENAYATZADEH FINANCIAL SECURITY ADVISOR
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3 NEW YEAR RESOLUTIONS THAT YOU CAN START TODAY!

1/9/2017

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By: Daniel Enayatzadeh

The late Jim Rohn said ‘’Motivation is what gets you started. Habit is what keeps you going’’ With a new year comes the motivation to do things differently, to make changes and to start fresh!


​I’ve included 3 New Year’s resolutions that you can start tackling today.


1) Close unused bank accounts

Financial institutions often encourage you to sign up for new credit cards or open a new bank account. Don’t fall into that trap! Take a few moments to review all your bank and credit card accounts, find out how much money you’re paying in fees and what can be eliminated. In addition, the fewer credit cards you have, the less credit you will have access to. This can also prevent you for ringing up too much credit card debt.

 2) Establish a habit of reviewing your finances

The more often you review your spending habits, the more aware you will be of your expenditures. This tends to make you more conscious of what you’ve recently spent the next time you’re faced with a decision to purchase something.

 3) Be kind to yourself

When we’re not where we’d like to be, financially speaking, we can sometimes be hard on ourselves. The fact that you’re reading this right now proves that you’re looking to make positive changes and that in itself is something YOU should be proud of!

If you enjoyed this article, please share it!

Daniel Enayatzadeh is a Financial Security Advisor specializing in investment and insurance planning. He can be reached at 514-996-9400 or at [email protected] 


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INVESTING FOR NEWBIES! ​

1/2/2017

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By: Daniel Enayatzadeh

What should I do if I only have a few thousand dollars to invest? Where should I start? This is a common question and a very important one.

​Every multi-million dollar investment account begun with someone saving only a few hundred or a few thousand dollars. There is no minimum amount required to invest your money and if you’ve been thinking about it, then there’s no time like the present to start exploring your options!

Before you begin, ask yourself this:  What is your goal, do you want to invest this money and forget it about it; or are you planning on using the money in the short term?
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Depending on your objectives, this should help you determine how much risk you should take. If you don’t really have a goal, that’s okay too. Not having a goal usually means you may need the money in the short to medium term so keeping things less risky is probably a good idea. Less risky or "safer" investment options are generally referred to in the investment industry, as ‘’conservative’’.

Let’s assume that you will need the money in the short term. This usually means you don’t want to take on too much risk because you don’t have time on your side to make your money back in the event of a large loss.

A licensed financial advisor can guide you on the conservative investment options available to you.

These options may include but are not limited to:
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  • G.I.C’s (Guaranteed investment contracts) & other guaranteed investment products
  • High interest savings accounts
  • A wide variety of conservative mutual funds and segregated funds

The above options requires a conversation with your financial advisor to determine the inner workings of each product and if they fit your particular needs.

I leave you with the encouragement to begin exploring your investment options, no matter how little you start with!


Daniel Enayatzadeh is a Financial Security Advisor specializing in investment and insurance planning. He can be reached at 514-996-9400 or at [email protected] ​


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