August 2012
From The Director


It's common knowledge that the earlier habits are formed, the harder they are to break.  This could have both positive and negative implications in regard to your financial future depending, of course, on whether the habits you form are good or bad.  This month, our article discusses how to instill good habits in your children so that they have an increased likelihood of sound financial health long into the future.

As always, we welcome your feedback. If you have any questions or would like additional information, please do not hesitate to contact your financial advisor. Should you not currently have an advisor at Select, please reply to this email and one of our senior consultants will contact you promptly.

Best Regards,

Imants Katlaps
Managing Director


Just as with anything worth learning, the earlier you start and the more time you dedicate to it, the better off you will be.  So it goes with personal finance.  It is never too late, or too early for that matter, to start forming the habits that can shape your financial future in either a positive or a negative way.  The sooner we learn how to manage our money, the easier it will be in the long run.  If you have children, why not start teaching them now?  This article discusses some steps you can take to prepare your children for life long financial health.

  • Educate yourself…

First and foremost, you have to know something about (if not actually have) healthy financial habits yourself.  It is impossible to impart knowledge that you do not possess.  It would be even better if you could be a good example of the behavior that you hope to observe in your children.  Therefore, it is essential that you do a little research on budgeting, saving, cutting costs, how to avoid debt and   hinvest for building your future nest egg.
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