How to Save for Your Financial Goals

We all have unique financial goals. You may already be working towards short-term financial goals like home ownership, an education fund, or a long-term goal like retirement. If you’ve already taken time to identify your financial goals, the next step is to create an investment plan to reach them.

A great question to ask yourself and your registered financial advisor is, “What is the best strategy to reach my financial goals?”

You don’t need to be an experienced day trader or wealthy to begin investing. You can invest in the same way that you save… by contributing consistently over time. The right investment plan can also help grow your funds and make your savings work for you.

Many Canadians already contribute to investment accounts like Registered Retirement Savings Plans (RRSPs) and Tax-Free Savings Accounts (TFSAs). If you have either of these accounts and hold mutual funds or other investments, you have already started your investor journey.

Becoming an engaged investor – monitoring your investments, reading your statements, etc. – will help you reach your financial goals.

At BCSC InvestRight, we help British Columbians like you access independent investing information which helps you recognize and reach your financial goals. Click on the link below to learn more about why:

– You may already be an investor

– Identifying as an investor is important

– You don’t need to do this journey alone

How to Save for Your Financial Goals | BCSC InvestRight