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Page THE HERALD OUTLOOK Saturday June 1990 Want to be rich ITS YOUR MONEY I want to be a millionaire he said Wonderful I replied And how far along the way are you towards achieving that goal Oh he responded once I get my car paid for Im going to start saving an amount equal to my car payments every month I saw him a few years later and he was driving another new car I didnt embarrass him by asking him if he had started on his way to becoming a millionaire Are most of us flippant about our financial future Do we also want to become a millionaire but that is all it ever amounts to a dreamed of want All of us no matter where we are in life should set goals In fact we should divided them into short medium and long term goals Short term goals might be a vacation or the purchase of a new or different car Medium term goals might be the setting aside of money to purchase a house or for the childrens educa Long term goals are just that long term It means that we must think about them today Because they are long term we tend to want to postpone thinking andor plan for them What is the most important item in building wealth As we nave stated many times before it is time Sure rate of return plus the amount of savings are important but neither of these equate the value of time How do we save We make a decision to save a part of that every pay day If you decide Im worth 10 per cent of what I earn and you earn per week you would save per week If you started doing that at the age of 25 and did so till the age of 65 saving it a mutual fund that averaged a return of per cent per year you would be worth If it only earned per cent you would be worth almost a million You would have saved a total of Now somebody else started making long range goals at age and decided to save twice as much or per week In the 20 years till a total of 83 would be saved Even at per cent the value would be Thats over 3 million less despite the fact that both long term savers saved the same amount and earned the same rate of return All of us can justify the state ment Ill start saving for my long term goals tomorrow but so often tomorrow never comes or as show above comes twenty years later and despite the fact that we saved twice as much per week we ended up with million less dollars Time made all the difference The persons first weeks saving worked for 40 years the second weeks saving worked for 39 years and 51 weeks etc The person who started twenty years later saving weekly saw the first weeks work for only twenty years the next for years and weeks etc No matter what you age when reading this column make plans to do three things 1 Start saving a part of what you can earn now 2 Set financial goals for your retirement a financial planner can help 3 Seek the best rate of return that you can for your savings For a free chart on how a mutual fund has performed compared to a fixed interest investment over the last 20 years contact Peter C Masson Drive Georgetown or phone Paul J Rockel Is the author of the best seller Why I Invest in Mutual Funds and President of Regal Capital Planners Ltd NORTH END NISSAN 610 MARTIN STREET MILTON ONTARIO 8784137 Fashions For The Young At Heart MAIN ST SGEORGETOWN Across From Church Established f HILLS COLLISION RR ACTON ONT CORNERS Center LOSE 17 POUNDS IN WEEKS MILL STREET GEORGETOWN 8772900 An inside look at parole boards A new spirit of giving Its the co that gets to you a facial apparition at once threatened and threatening ominously shadowed in charcoal and obviously behind bars as it peers out at the world Its both the light and shadow that this book proports to reveal about one of Canadas most maligned and poor ly understood institutions the Na Parole Board Certainly the topic of Lisa Hobbs Birmes A Rock and A Hard Place Macmillan pages 95 is timely There has never been more prisoners in Canada s federal penitentiary system and never more on parole It is a fact notwithstanding the white wigged moral rectitude of judicial sentencing that full parole is almost inevitable for most inmates at the completion of onethird of their sentence It is also a harsh truth that some of those on parole commit crimes and that these crimes tend to be tragically sensational Using fictionalised accounts of parole board hearings to protect the inmates and their families gives a unique in sight into the operating mechanism and mentality of both the parole board and parole can In so doing she unwitting ly shows the tragic comedy of the entire national parole system From murderers to rapists child molesters to wife beaters Hobbs Birme discusses them all in the light of the parole board interview they might receive GRIMACING At times when I read I found myself grimacing in frustration at the parole board s findings and wondering how it could be so At times I found myself cheering any evidence of common sense and logic And therein lies the crux of the matter for Canadians have no way of knowing if the people sitting on the National Parole Board and adequately reflect any or all of the sentiments and aspirations of the community For STEVEN C FOSTER BA LLB BARRISTER SOLICITOR 37 MAIN ST SOUTH GEORGETOWN L7G fax 873 Passive Reducing Exclusive Ladies Salon SUNTAN BEOS per Session 10 Sessions for 8734907 Roor Entrance Georgetown A CHURCH DIRECTORY NONDENOMINATIONAL PENTECOSTAL TO ADVERTISE IN THIS SPACE CALL DISPLAY ADVERTISING 8772201 ALL PEOPLES CHURCH DELIVERANCE CENTRE corner Hwy Bible Study Worship Deliverance Sunday 7 pm Wednesday We Provide Children Church Nursery Service English to Italian translation Pastor George A IS now we as citizens must be satisfied with a pseudo fictitious account of the operation of a board that involves itself with matters of public safety and individual liberty vital to all Canadians Despite Hobbs Bimies singular integrity of purpose the National Parole Board is yet an anonymous body of political appointees who are not called upon publicly to count for their actions Ostensibly they represent society but who are they How are they selected What are some of their actual judgements and on what were they based Who is the National Parole Board itself answerable to It is these and similar questions that I had hoped A Rock and A Hard Place would answer It doesnt Yet I salute Hobbs Birme for taking the first tentative steps toward confronting the phantom of the that bedevils both inmate and citizen In the final assess this book should not be dismissed lightly It 13 a timely ac count of a parole system flounder ing in a morass of well meaning but misguided rhetoric And there is hope In Judge J of Saskatchewan tabled a study en titled Sentencing Reform A Cana dian Approach the Report of the Canadian Sentencing Commission which called for the abolition of the parole board Hobbs Birme makes scant mention of the report except to reinforce her view that rehabilitation must take place totally within the context of the present national parole system UNREST But parole without adequate care and treatment creates the seeds of unrest and recidivism It pays but lip service to the term freedom tying its clients to chains of hopelessness and despair Perhaps the learned judge is cor rect in asserting that the board be abolished along with early parole and that in its place the correc system make a concerted ef fort to provide necessary assistance and care for those ready to acceptit A Rock and A Hard Place is paradoxically the best document I have read for rethinking the blind autonomy of the National Parole Board When you read A Rock and A Hard Place think about the cover the person behind those eyes and the faceless board that makes deci stons about his life And yours Chuck Konkel is a sergeant with the Metro Toronto Police and the author of the bestselling novel The Glorious East Wind about the last years of Hong Kong MAID SERVICE WHOS BEST College Pro painters FREE ESTIMATES 8772746 RES THATS WHO THEAWARD WINNER mm TV SHOW COAST TO COAST For 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