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Preparing for Your Retirement

Preparing for Your Retirement. The world has had a tough year, and for many of us, this has led to moments of reflection and finding out what our priorities are. The decisions we made, the money we’ve spent, and more importantly, how much money we have left. These thoughts at the back or forefront of your concerns can weigh you down and get in the way of your everyday operations. Life doesn’t stop though, and each day we find ourselves needing to move forward.

You might find yourself asking how do I prepare for my retirement?

The first step

Have a vision and to concretely WANT IT. Our thoughts are powerful bringers of change, and preparing for retirement starts with a thought. That thought will then require action, and those actions will enable you to retire. Thomas Thusser once said, “A fool and his money are soon departed.” Don’t be a fool. Once you have the thought of retiring comfortably, hold onto it and make it a reality.

The second step

Be serious about your budget. Making money IS important, but so is knowing exactly where it goes and how much you can save. Having a budget for your monthly, seasonal, and yearly needs is important to ensure that you’re responsibly taking care of yourself and your family’s future. Remember: Decisions you make today have a huge impact on tomorrow. Next, ask yourself if you have money for retirement. Now, this is where a bit of difficulty can come in.

You can look at your budget and not know where to get your retirement money. We can help you figure that out. One of our goals is to help you successfully allocate money where it needs to go. Preparing a budget that works for you and your lifestyle doesn’t have to be a burden, and we can help you with your accounting and budget adjustments for your current and future needs. We understand that each person is different, and one way to get a good start is having a budget template. IF, however, you find that this does not work for you, don’t hesitate to get in touch with us for a more personalized plan. Once you have a budget in place you can move on tot he final step.

The third step

You need to take care of is getting out of debt before retirement. Too many people retire in debt. All those years of working will be for naught if you find yourself in a similar position. Don’t let your hard work go down the drain! Preparing for retirement can start as soon as you have a bank account, and there are ways to make your money grow or secure yourself financially in old age. We can get you on track, and we can do this TODAY.

Should you find yourself in a difficult situation financially, a licensed insolvency trustee (LIT) can help you get out of it. Being in debt is tough, but we can help. Dealing with creditors and finding a payment plan that can work for you can add so much stress to your day-to-day life. We’re here for you. Get in touch with us to find out how a consumer proposal works and why it might just be the solution you need!

Why Preparing for Retirement Is Important

You can only work for so long, and always remember that YOU are your best asset. This is why you have to take care of yourself. By preparing for your retirement (early), you are able to achieve the following:

  • Rest assured that you can live comfortably and in good health when you get old
  • Less stress means better health
  • Not be a financial burden on your loved ones
  • More control over your income sources
  • Better control over current career-related decision making

Click HERE to get more information about Old Age Security (OAS) pension and Canada Pension plan (CPP) retirement benefits and estimate your retirement incomes.

Take action. Call us today and we’ll help you move forward with your retirement planning.

We hope you enjoyed reading this article “Preparing for Your Retirement.” and if you have any questions or you’d like to book a consultation please contact us. 

Consumer Proposals | Consumer Bankruptcy | Budgeting

Valentine’s Day Way Too Expensive

Valentine’s Day Way Too Expensive. Valentine’s Day just passed and you might be looking for ways to make it more memorable for you and your significant other in the years to come. It’s that day of the year where grand gestures and sweet surprises are known to happen. While it is undeniably nice to make an occasion out of the day of hearts, have you ever asked yourself what you are truly celebrating?

 

The feast of St. Valentine is a celebration of love and affection. All over the world, the most common way of celebrating it is by giving sweets to who you are in love with. Over time, and for some people, the expression of love became more and more grand. What used to be simple dinner dates with chocolates and flowers turned into a night out on a private yacht, or a trip to some exclusive island. Other grand Valentine’s Day gestures include buying not just flowers or chocolates but jewelries or luxury items––sometimes even cars or properties. These are all pleasant surprises, but going back to the core of what is celebrated on this day, the material gifts aren’t what it’s about.

 

Think back a little on what this day symbolizes––love. Intangible, but expressed. The ways of expressing it do vary and certainly, giving gifts is one of the five love languages (based on Gary Chapman’s book, The Five Love Languages: How to Express Heartfelt Commitment to Your Mate), but it doesn’t necessarily have to be that way. At times, the pressure of competing with others and the feeling of living up to your partner’s expectations can really put a weight on your shoulders, and this applies to several facets of your life––not just on Valentine’s Day. But think of the bigger picture; spending a grand amount on one day can have a lasting impact on your future.

 

Imagine this: You start with an expensive fancy box of chocolates. The following year, you buy a designer item. The next year, you get a high-end gadget. In an effort to continuously one-up your previous Valentine’s Days, you might be hurting your finances. You may find yourself facing financial problems because you bought an expensive gift to surprise your significant other with, and keeping up with it may cause financial issues. Different spending habits, different goals and expectations, or secrecy concerning finances can all ultimately contribute to a failed relationship.

 

Date Ideas Which Won’t Break Your Budget

 

You can make your Valentine’s Day dates sweet and memorable without hurting your finances. This is where the maxim “it’s the thought that counts” can come into play, and you can definitely take advantage of it. Consider these date ideas which won’t break your budget:

  • Candle-lit dinner. Buy your dinner of choice or have a glass or two of wine with your partner while enjoying a candle-lit ambience at home. Amp up the romantic vibes with scented candles!
  • Go retro – Find an amusement park or fair which you can go to and have fun. It’s time well-spent with your loved ones that count the most.
  • Be sentimental – A bit more of a personal approach, think of an activity which is special to you and your partner and add an element of surprise to it. No, it doesn’t have to be expensive. Maybe get a little customized keepsake to commemorate the day. It is the meaning behind your actions which will be remembered.
  • Do something new together – New shared experiences can make relationships last longer. Try taking a one-day pottery class or perhaps go rock climbing. The possibilities of new activities to try out are endless!

 

If you do, however, find yourself facing financial problems because of previous years where you spent a lot of money on gifts or celebrations, we can help you out. We understand how burdensome financial expectations can be, and we know there are ways to get out of that financial rut! May it be budget planning, debt consolidation, consumer proposals, or a declaration of bankruptcy, we will help you sort things out. We will find tailor-fitted solutions for the financial situation you find yourself in, and you can make better money-related decisions moving forward following our tried and tested methods. Don’t lose hope and allow us to walk you through any financial entanglement you may find yourself in!

 

We hope you enjoyed reading this article “Valentine’s Day Way Too Expensive” and if you have any questions or you’d like to book a consultation please contact us. 

Consumer Proposals | Consumer Bankruptcy | Budgeting

What does a licensed insolvency trustee do to help with debt?

What does a licensed insolvency trustee do to help with debt? Debt can bring a dark gray cloud over your head and stay there for seasons. It can rain on you and batter down hard! However, we can help you weather your way through this tight situation.

 

A Licensed Insolvency Trustee (also known as an LIT) is a federally-regulated professional who can provide personalized advice concerning your individual or business debt concerns. The idea of being neck-deep––or worse––buried in debt is frightful, and a Licensed Insolvency Trustee will be your lifeline when you find yourself in such a financial fiasco.

 

What can a Licensed Insolvency Trustee do to help with my debt, you ask yourself…

 

We can give you direction.

 

Feeling lost is a normal thing to feel when creditors come knocking at your door or when your mailbox AND email inboxes are flooded with overdue statements. There is a way out of this situation you find yourself in and we can help you navigate. Our goal at Laura Gyldenbjerg and Associates is to help you regain control of your financial situation and life choices moving forward so you don’t find yourself in the same pit again! Allow us to evaluate the situation you are in, give you the personalized support you need, and get you out stronger than ever before.

 

We can enlighten you with options.

 

There are government-regulated insolvency or debt-related proceedings which allow you to be legally discharged from your debt. Doing this without professional guidance can be overwhelming. We can help lessen that burdensome feeling weighing you down. We have been in the industry for 26 years and during an appointment with you, we will find the best way to get you out of whatever financial difficulty you are in.

 

Making informed decisions and taking professional advice is the first step to tackling your financial problems head on, and we are here to help you find what works best for you. You go to a doctor when you’re sick; consider us the doctors who can help with your financial health status. May it be submitting a consumer proposal to your creditors, filing for bankruptcy, or another way we determine (together!) most suitable for you, our job is to efficiently help you handle debt and make sure you thoroughly understand these undertakings every step of the way.

 

We can take action––with and for you.

 

The importance of support cannot and must not be underestimated in times of financial trouble. We encourage you to be open to all forms of support you can get through trying times––may it be from friends and family or your trusted Licensed Insolvency Trustee. Just thinking about your debt/s and how to deal with it can really dampen your mood, and having a strong support system is essential.

 

We want to be part of your support system, and we can take on the professional facet of the matter at hand. May it be an individual debt problem or a larger business-scale concern, we got your back. Allow us to be your umbrella when the gray rain cloud of debt pours on you. Feel confident with the knowledge that a team of professionals are effectively handling your financial woes.

 

Creditors sending you follow ups and tracking you down can make you feel like never wanting to deal with the world again. We can take care of that. Licensed Insolvency Trustees can help with debt problems by dealing with your creditors for you. Furthermore, if you find yourself dealing with an unsecured creditor, you can rest assured that we’ll cover all bases to ensure they can no longer initiate and continue further collection of funds from you.

 

Breathe. Take a moment to acknowledge that there are ways out of debt and we can walk you through it. Don’t hesitate to book your appointment today and take that first step towards making better financial choices!

 

You deserve a second chance! The Laura G. debt free plan can help you gain control of your life’s choices and eliminate the harassment by creditors!

Here is an Overview of our Services, this is how we can help you be debt free!

Finding Personal and Financial Calm in this Global Storm

Finding Personal and Financial Calm in this Global Storm

Finding Personal and Financial Calm in this Global Storm. There are a lot of things we cannot control and the year 2020 has reminded everyone all over the world how at the end of the day, people are just people susceptible to disease, and defenseless against unknowns. Everything can change drastically in just one moment and when everyone is affected, getting back up can be a huge challenge.

 

I am Laura Gyldenbjerg, a Licensed Insolvency Trustee, and I can help you find some calm in this global storm. The whole situation is daunting and stressful. You have all the reason to feel worried about your future.

 

With over 26 years in the field and having helped over a thousand individuals, I can help you wade through the financial chaos and feelings of instability brought about by the changes caused by dealing with COVID-19.

 

First Things First

 

How is your health? You are always your best asset. If you are in great health, that in itself should be a source of gratitude and comfort. It can also be a motivating force to stay in shape.

 

Exercising might be the last thing you would like to do, but if you find yourself in a bit of a rut, it is scientifically proven how exercising releases endorphins which results in a positive change in your mood. Building up your health by avoiding stress encourages a stronger immune system to fight off viruses too!

 

Where do you stand? Identify how much savings you have and how far ahead you can last with it. Try to find comfort from knowing that you have your savings and your awareness to spend it wisely can help guide you in making the best decisions for you moving forward.

 

If you do not have savings to last a long time, check on your health insurance policies and remember that should a need for it arise, any form of help to take some expenses off your shoulders is a good thing.

 

What are your assets? Your house or apartment is a place where you can find safety. Your car is something that allows you to comfortably travel while minimizing the risks of exposure. It may also be an emergency source of funds if it must come to that.

 

Look at what you have and think of how fortunate you are with what assets you possess and are at your disposal.  Also consider the non-physical assets – your friends, family and people in your life who are there to help.

 

What’s the plan? This is a little harder to answer and it’s something we can help you clearly define. With the uncertainty clouding your thoughts and emotions getting in the way of logic, I can see your situation objectively allowing me to suggest a plan that would work best for where you currently stand and to achieve your goals.

 

When All Else Fails

 

If even after the above, you find yourself anxious of what the future brings, consider the Serenity Prayer which was written by the theologian Reinhold Niebhur. It is basically praying to be able to accept the things you cannot change, have courage to change the things you can, and have the wisdom to know the difference. Find a quiet moment in your day to internalize that not everything is within your control, and it is okay to sometimes let some of the fears go and ask for help.

 

My experiences have led me to this day to help you. I know what it’s like, taking a leap of faith as I did so back in 2008 to open my own firm.  Since then, I’ve realized that there are times when all we need is someone who can understand our problems to help us get our focus back and feel that we have control over our life. That’s what I’m here for. Remember that Laura can help!

Finding Personal and Financial Calm in this Global Storm is possible. Take the First Step To Becoming Debt Free today by booking an appointment. 

The Laura G. debt free plan can help you gain control of your life’s choices and eliminate the harassment by creditors.

 

Regaining Financial Footing During a Pandemic

Regaining Financial Footing During a Pandemic… COVID-19 has impacted the lives of millions. We still cannot ascertain the full impact of its effects physically, financially, and emotionally among others.

No one could have anticipated how it has shaken the world, but there are ways to address some of the unknown and the fear that comes with it.

I understand how frustrating it can get when stretching your money no longer seems to work to make ends meet. Setbacks are inevitable but it’s how you handle them that matters!

The first step to taking back control on your finances is making a conscious decision to take back that control.

As Tony Robbins said: “Where focus goes, energy flows.”

Instead of focusing on the negatives, keep your eyes on making the most positive outcome possible and keep a firm hold with your feet. Here are a few pointers to help you get back on track and put things into perspective.

·        Start by analyzing where you stand.

Some quick questions to ask yourself: How much savings do I have?

How long will it last?

What are my regular payables and how can I lessen the money spent on them?

Do I have creditors?

·        Identify your income sources.

Is it from your job, overtime pays, side hustles, government benefits…? Account for how much money you make and keep. One of the secrets a great number of wealthy people have in common is keeping close track of income and expenses.

Once you’ve identified your income sources, you may consider how to have vertical income sources or passive income sources to add to your cashflow.

·        Separate your wants and your needs and set a realistic budget.

It may seem like a basic thing to do, but when you get down to it, doing this helps you clearly identify exactly where your funds should go versus where it shouldn’t. Sticking to just buying your needs when in a financially unstable state helps your resources last longer.

·        List your regular and variable monthly expenses and review how to make potential savings.

Are there bundle services you can avail of?

Are there regular expenses which can be given up for the time being (subscriptions or other non-essential recurring payments)?

Is there something you often do which you can do less often in an effort to save?

·        Set short- and long-term goals.

Your goals may be on how much you’ll save or how much you’ll make, or something else entirely. But having a clear goal and plan to get to it helps add purpose to your actions. Again: Where focus goes, energy flows.

·        Identify seasonal expenses.

Accounting for these expenses early on can help you add them to your expenses to save for so you don’t get caught off guard when they come into view.

·        Look ahead.

When you’ve established some of your personal financial facts, consider what you can do to move forward. If you find that you are somehow overwhelmed by the figures or any other matter, consider getting professional help.

Watch out who you ask though, are they looking out for your best interest or just their fee, this one can be a bit tricky!

Remember that you are not alone. Sometimes, taking control of your finances requires a navigator (like me, a licensed insolvency trustee) to help identify your options, build a plan, and execute that plan.

The reassurance of trusting an expert can help you deal with the feelings of uncertainty that come with today’s global financial climate and ultimately regaining financial footing during a pandemic.

You deserve a second chance! The Laura G. debt free plan can help you gain control of your life’s choices and eliminate the harassment by creditors. If you are facing challenges that seem insurmountable, like bankruptcy, debt or a bad credit rating then we can help you regain control.

 

 

Welcome to the first step to becoming debt free!

Consumer Proposals | Consumer Bankruptcy | Budgeting

Contact us today: 905-777-7877 or info@lauracanhelp.com

Voted Best Licensed Insolvency Trustee

Voted Best Licensed Insolvency Trustee , Credit Debt Counselling in the Hamilton Readers Choice Awards 2020. We at Laura Gyldenbjerg & Associates Inc. are thrilled to announce that, thanks to you, we have been voted Best Licensed Insolvency Trustee, Credit & Debt Counselling in the Hamilton Readers’ Choice Awards 2020.

Our team is humbled by this recognition — which only proves to us that the answer to tackling financial stress is through empathy and customized plans for each and every person that steps through our doors.

This is our fourth Diamond (#1) award from the Hamilton Readers’ Choice Awards and accompanies our Diamond Awards and Platinum awards for Bankruptcy, Credit & Debt Counselling, and Financial Advisor since 2016, and being named as the Top-Rated Trustee in Hamilton since 2017 by Three Best Rated.

In acknowledgement to these awards and public expectations, it is our promise to you that we will continue to help those handcuffed by financial stress by offering a space free from judgement and shame. You can read more about Laura Gyldenbjerg & Associates on our testimonials page. Getting lives back in order is first and foremost our top priority.

Take advantage of our award-winning services and book a no-obligation, judgment-free, no-cost consultation today.

You deserve a second chance! The Laura G. debt free plan can help you gain control of your life’s choices and eliminate the harassment by creditors. We have helped over 1000 individuals and families gain control of their life’s choices.

“Laura and Associates is a place where when you walk out of there you can finally breathe! They are down to earth great people that understand your situation and never judge but just wanna help. Thanks, guys!”

~P.O

“Laura cares about people! She is very approachable, compassionate, empathetic insightful and professional. She is also a great advocator for her clients’ best interests. I highly recommend Laura to my friends and family.”

~G.X
Take the First step to becoming debt free with the Laura G…!