How Do You Slice Your Pie?

Wealth management and financial planning are all about growing your pie and slicing it up just how you like it.

How fast you can grow your pie depends on the amount of money you are saving each month alongside the amount of risk you are willing to take on. Simple GICs can allow your pie to grow at a guaranteed rate, slowly over time. But savvy investors can employ mutual funds, stocks, and other financial vehicles. In this case your money can go to work for you over the long term and potentially yield higher gains.

But pies aren’t just for growing, they’re for eating! Whether you are still working or in retirement you will need cash flow to pay living expenses, buy recreational items, or even to take a vacation. Lest we forget about giving back. Maybe it’s a $20 bill in a birthday card or a monthly donation to your charity of choice. A lot of people choose to gift their money.

The key is to be intentional about how the pie is growing and how you divvy up the slices. This Pi Day don’t get lost in the numbers, bake them into your financial plan. Actively grow your pie with sound investing strategies and slice it based on your individual needs.

What are your top priorities when investing? Which is your biggest piece? Start thinking about diversification today!