What we do for our kids:


What example do you want to show your kids?

What is it you are trying to do for your kids?

Do you have an idea what you would like your kids to grow up to be?

When and how you invest your money will help answer some of those questions. I have had many clients that may give one answer but when they look at their answers through how they spend their money, they often do not line up with what they thought they were teaching, showing or leaving for their kids.


Let’s look at an example:


Parent spends $3000/yr on: 

Hockey only (or other single sport/music/art activity) 

Hockey (or other single activity)

and more RESP’s, Life insurance investments and CI protection

Multiple activities

and RESP’s, Life insurance investments  and CI protection 

Goal:
I would like my child to grow up to be strong. To have good values.To make good choices and help people.

Parent thinks the child will gain all the learning they will need to be successful from the coaches,

friends they make, games & practices, and making it to school.

Parent will not want other financial advice because of the value they see in this plan.

Instead of spending (or investing as some parents think of it) all into “hockey”…


Use approximately $1800 for “hockey” and $1200 can go towards building and protecting their future activities. 

Looking for more balance in their life and future?

$1200 into RESP’s, Life insurance investments and CI protection

$800 toward “hockey” or main activity

$1000 into other activities, music, art, sports and/or life opportunities 
What could the outcome look like?

Learn team building and possible life skills from playing a team sport.

Work their way through college or university and maybe get a scholarship. 

Learn team building and possible life skills from playing a team sport.

Work their way through college or university and maybe get a scholarship. 

Will also have some money to help pay for school. 

Accessible cash for whatever may come up. 

Healthy at 25?
More cash back to give them to help with car, house, wedding, school or family trip?

Money for the unspeakable reality that could happen with illness or death
Learn team building and possible life skills from playing a team sport.

Work their way through college or university and maybe get a scholarship. 

More versatile in other sports and activities, larger number of kids to become friends with. Better rounded for scholarship opportunities. 

Will also have some money to help pay for school. 

Accessible cash for whatever may come up.

Healthy at 25?
More cash back to give them to help with car, house, wedding, school or family trip?

 Money for the unspeakable reality that could happen with illness or death 



The costs or investments vary from each family and their circumstances. All parents I meet are always looking to give their child the best foot forward to help them to succeed. Something I have noticed is that most parents only see the picture directly in front of them or try quietly to “keep up with the Jones”.

We often tell our children to be their own person, step up and be a leader, don’t walk off the cliff with everyone else...but as parents ... do we?

Barclay Hollinger:
Husband
Dad of 3 kids, ages 5, 7, and 9
Insurance and investment advisor
Business owner
Sport conditioning specialist
Coach

Call or Email now to learn more: 

1-416-990-4567

​                                barclay@JBHinsurance.com