Happiness has a Dollar Value—Less than You Think

What drives our happiness? This is a question that researchers continue to investigate. Despite the oft-repeated adage suggesting otherwise, there is indeed an intrinsic link between money and happiness. However, the research might surprise you.
Each year, the United Nations (UN) measures the happiness of countries globally in its World Happiness Report. According to the UN, the variables that drive a nation’s happiness include income, social support, healthy life expectancy, freedom, trust, and generosity. Canada consistently places in the top […]

Volunteering for Arrowsmith Search & Rescue

I have always wanted to volunteer in my community, doing something that impacts peoples lives. So, two years ago I joined Arrowsmith Search and Rescue. I am really enjoying the experience, and hope that my efforts positively affect the people we serve. 
Because of my previous military training, I believed that S&R (Search & Rescue) was the best fit for me. From a training perspective, we are all required to complete the initial MIT (Member in Training) course. If you graduate from that course, you then move […]

Dealing with the Loss of a Spouse

The death of a spouse can be one of life’s most devastating events. Complicating matters, during a time when a surviving spouse may feel as though they are unable to deal with life’s routines, many new tasks will need to be taken care of. Seeking the support of others may be important, whether it be family members, trusted friends or even professionals.  
Here are some financial steps that may need to be undertaken while navigating this difficult time. Many of […]

Kids & Wealth: To Shirtsleeves in Three Generations?

There is a saying, “from shirtsleeves to shirtsleeves in three generations,” which suggests that wealth gained by a family can easily be lost in just three generations. As such, many wealthy families are now focusing on teaching children how to manage money to try and encourage its longevity.   
Instilling sound financial values at a young age can be relevant for any family to improve financial success. Here are some ideas to get children started on the right path:  
1. Start with your Money […]

What it Means to “Live Wealthy”

What do we really mean by Live Wealthy when we consider how to best manage our clients’ finances? At Precision Wealth, we believe this means something much deeper and more significant to the human experience than traditional definitions suggest.

First, let’s consider the definitions:

Definition of “wealth”  welTH – Noun

An abundance of valuable possessions or money; e.g., “He used his wealth to bribe officials.”
Affluence, prosperity, riches, means, substance, fortune:

the state of being rich; material prosperity; e.g., “Some people buy boats and cars to display their […]