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Each week on “I’m a Millionaire, So Now What?”, Colleen O’Connell-Campbell, Wealth Advisor at RBC Dominion Securities, delivers inspirational stories and practical advice to self-made millionaires and wealthy families. With a focus on financial planning and wealth management strategies, Colleen and her guests cover the critical issues that truly matter to you, including succession strategies, family business governance tips, how to cope with fundraiser fatigue, finding your purpose after losing your family business, and much more.

Jan 8, 2019

With the New Year’s celebrations over, many Canadian self-made millionaires and wealthy families will be thinking of their future family and wealth goals. You may be thinking about how you can strategize a financial plan to increase your wealth and happiness or how you can help other Canadians find real riches.

 

Today, I share some informative facts about Canadian wealth and projections for the coming years. I explain the importance of having a mindset of abundance and why you need to take an active role in building your wealth. I also share my Roadmap to Real Riches formula to help you maximize how you build and strategize a financial plan to optimize the way you spend, save, and share your wealth.

 

 

“When it comes to building wealth, a big part of that is having a strong, positive mindset. A mindset of abundance. The other part is to be active versus passive.” - Colleen O’Connell-Campbell

 

 

 

Today on I’m A Millionaire...So, Now What?:

 

  • The financial figures of global and Canadian wealth.
  • Future projections as described in the Credit Suisse Research Institute Global Wealth Report 2018.
  • Why it is important to have a strong positive mindset.
  • The importance of building a conscious spending plan.
  • How paying off all your consumer debts helps you build wealth.
  • The importance of planning and building your three-month priority savings.
  • The importance of carving out your family or personal experience account.
  • Setting up an education fund for your children.
  • Investing in your personal pension plan.
  • Creating your personal philanthropic portfolio.
  • The importance of eliminating all remaining debt to build your wealth.

  

Resources Mentioned:

 

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