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www.insideHALTON.com | OAKVILLE BEAVER | Thursday, August 13, 2015 | 24 e suggest you add a little politics to your household nancial planning. The objective is to use this current federal election to motivate you to consider your own priorities. This year's federal election, to be held Oct. 19, is going to drag on signi cantly longer than others have in the past. Use this time to your advantage and do a little personal nancial planning. The goal of the main three political parties is to get elected. From a nancial point of view, an individual's goal can be related in nancial terms. Pay down debt, help your children with Prepare like a politician when it comes nancial planning Dollars & W Sense the cost of a post-secondary education and prepare for retirement. In both politics and nancial planning the direction is based on your fundamental philosophy. The Conservatives, Liberals and NDP base their ideas on their philosophy. That is a good basis for you determining your nancial priorities. What is your philosophy? Learn to articulate your strategy and connect that strategy to your own personal priorities. Then be prepared to defend your position. In politics that was on display in the rst leaders' debate, held last week. Peter Watson Guest Contributor All leaders were questioned and the opposing leaders tried to persuade the audience of how their opponents' plans were awed. This is democracy at its best. Freedom of expression of ideas and the objective to sell their vision to the voters, who will eventually decide who will run our country after the October federal election. These debates are crucial. They can affect or decide the outcome. Leaders prepare for many weeks and rehearse in mock debates so their advisors can coach them on how to be better at achieving the election goal of winning our approval and getting elected. From a nancial planning prospective, you should prepare and almost rehearse and defend your nancial plan because there will be forces trying to de ect you from your nancial objectives. You might be logical and have a sound nan- cial plan. However our biggest temptation for failure is these crazy low interest rates. Some feel money is too cheap to resist and they decide to borrow for something they likely do not need. You, like the politicians, must be able to defend your original position and not be de ected from your ultimate goal. You, like the politicians, must set your own course in what you intend to accomplish. The nancial reality is what will this cost and nally where will you get the funds. All this has to be done well, balancing all your various different priorities. Then as time goes by, you have to balance changing circumstances and con icting priorities and keep your plan updated and on track. Our current government has been forced to do this because of its promise to deliver economic prosperity. The Conservatives have had to account for the price of oil and the economic slowdown in China, both of which are negatively affecting the Canadian economy. You will likely have events come up over time that will impact your long-term objectives. We encourage you to consider your own nancial plan over the coming months while listening to the politicians articulate theirs. -- Submitted by Peter Watson, MBA, CFP , R.F .P ., CIM, FCSI., Certi ed Financial Planner Keep a level head in an up - and - down market. T YOUR E L T ' N DO LEASE E L C I H E V OWN. D U O Y CHAIN T. BUST OU LeaseBusters.com is the largest vehicle lease marketplace in Canada. We'll unlock you from your vehicle lease commitment... save time, early termination fees and penalties. Call now for a free consultation 1-888-357-2678 or visit us at www.LeaseBusters.com Our Services Earn Credit from Physiotherapy 20% · Massage · Acupuncture · Reflexology · Chinese Massage · Fertility Acupuncture · Physiotherapy · · · · What are you crowdfunding for? fuellocal.com is an online platform to raise money through crowdfunding: an opportunity for a collection of individuals to make donations in support of a cause. Create your fundraising campaign or help fund local initiatives at fuellocal.com 1395 Abbeywood Drive, Unit 14, Oakville Open 7 days a week Start your campaign now! .com