December 2024

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A Conversation About Your Financial Future

Meeting a new financial advisor for the first time can feel a bit daunting. What should you say? How much should you share? And perhaps most importantly, what should you expect from the meeting?

There are generally two ways to approach your relationship with a new advisor.

Approach One: Hand over all your financial details and hope the advisor reassures you that everything’s fine, with only a few small tweaks needed.

Approach Two: Be open to a deeper review, where the advisor identifies areas that require real change. While this approach can feel challenging, it’s often the one that delivers...

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Habits That Build Wealth

What’s the secret to building and maintaining wealth? For the rich, it’s not just about earning a high income–it’s about the habits they cultivate. These strategies don’t just help them grow their wealth; they also ensure it lasts for generations. Start today and take more control of your financial future.

Lesson 1: Live Below Your Means

One of the most important habits of the wealthy is living below their means. Take Warren Buffett as an example. Despite being a billionaire, he refuses to spend more than $15,000 on a car, reasoning that the money saved can earn far greater returns when invested. To him, a car is simply a way to get from point A to point B.

Buffett also lives in the same modest Omaha, Nebraska, home he purchased in 1958 for $31,500. Rather than upgrading to a mansion, he chose...

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How NOT to Plan Your Estate: A Cautionary Tale

Let’s face it–your death will create challenges for your loved ones. These challenges will fall into three main categories: emotional, legal, and financial. The good news? You have the power to minimize these issues. The bad news? If you want to make things worse, you can follow the "how not to" approach outlined below.

Of course, this is tongue-in-cheek, but let’s explore what not to do when planning your estate.

Emotional Turmoil: A Recipe for Chaos

Want to cause extra emotional turmoil after your death? It’s easy! Start by leaving your affairs in total disarray. Don’t bother making a will, or better yet, hide it so no one can find it. Add a touch of intrigue by opening secret bank accounts and investments that no one knows about...

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Nothing great was ever achieved without enthusiasm.

Ralph Waldo Emerson

Aligned Capital Partners Inc. (ACPI) is regulated by the Investment Industry Regulatory Organization of Canada (www.iiroc.ca) and member of the Canadian Investor Protection Fund (www.cipf.ca). The information contained in this publication has been compiled from sources believed to be reliable, but no representation or warranty, express or implied, is made by Aligned Capital Partners Inc., its affiliates or any other person as to its accuracy, completeness or correctness. All opinions expressed in this communication are those of the author, as of the date of this publication, and subject to change without notice. Opinions expressed in this publication should not be viewed as legal, accounting or tax advice or individually tailored investment advice. This material is prepared for general circulation to clients and has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. Products or services referenced may not be suitable for you and it is recommended that you consult your advisor if you are in doubt about the suitability of such investments or services. This is not an offer to sell or a solicitation of an offer to buy any securities. Investment products are provided through ACPI and include, but are not limited to, mutual funds, stocks, and bonds. All non-securities related business conducted by Myron Dietrich is not in his capacity as an agent of ACPI. Non-securities related business includes, without limitation, fee-based financial planning services; estate and tax planning; tax return preparation services; advising in or selling any type of insurance product; any type of mortgage service. Accordingly, ACPI is not providing and does not supervise any of the above noted activities and you should not rely on ACPI for any review of any non-securities services provided by Myron Dietrich. Past performance is not indicative of future performance and future returns are not guaranteed. No matter contained in this document may be reproduced or copied by any means without the prior consent of the author or ACPI.

Myron Dietrich Calgary
350 – 7 Ave SW Suite 2902, Calgary, AB T2P 3N9
Ph: (403) 452-6652