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Weekly Newsletter

Issue # 007 March 24th 2005

You are receiving this notification because you, someone you
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In This Weekly Issue

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1 Our Weekly Sponsor
2. AdMistress 85 Buck Top Sponsor Ads
3. Some words from Ley and Bill
4. Ask The AdMistress
5. News about Seniors and Boomers
6. Subscribers Ads
7. Subscription & Advertising Details

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3. Some words from Ley and Bill

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5. News about Seniors and Boomers

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This is a controversial news, that can be
interesting for all of you.

Ley Gal and Bill Vannot

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CANADA: Baby Boomers to Inherit Blood Money
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CANADA: Baby Boomers to Inherit Blood Money

The bulk of our population is set to receive inheritances
greater than ever in history.

The parents of baby boomers have worked hard over the years,
wanting to be sure that their children would have more than
they did during their lifetime. If baby boomers perceive this
windfall as being like winning a lottery, the statistics are
not in their favour.

People handle different pots of money differently. In Canada,
most lottery winners receive their winnings in enormous lump
sums and then, just a few years later, statistics show they
are worse off financially than they were before they won the
money. Are baby boomers destined for the same financial fate
as these lottery winners?

The source of our money plays a big part in how we spend or save
it. Emotional factors also come into play. People with tax
refunds, for example, tend to spend them quite carelessly,
regarding them as pots of "found money". The reality is that it
was always their money, and it's just being given back to them
by the government - and with no interest. On the other hand,
when it comes to RRSPs and pensions, investors tend to be
overly conservative, even though they may have twenty years or
more before retirement and could use that time to build wealth.

Receiving a large sum of money can create discomfort and unease,
since the recipient hasn't had the natural, gradual experience
of earning it. Worse,inheritances may be thought of at an
unconscious level as "blood money". This cash is, after all,
the result of the death of a parent or other loved one.

Often the recipient of an inheritance faces the dismal financial
fate of the lottery winner because, at some level, their
discomfort with the money forces them to act irrationally and
irresponsibly in spending or investing it. Couple that with the
fact that the money is the result of the death of a loved one,
and baby boomers may be faced with the emotion-laden challenge
of not blowing in a few short years what their parents took a
lifetime to save.

What can this largest demographic do to retain their fortunes
(whether large or small)? Or is their fate sealed? Kelley Keehn,
author of The Prosperity Factor, says that "the first step is
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In her book and courses, Keehn teaches individuals and financial
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For further information: or an interview, pleases contact:
Kelley Keehn, Author, Speaker,

Retirement Planner, The Prosperity Factor, (780) 732-0144,

Email: info@theprosperityfactor.com, www.theprosperityfactor.com

All of the above text is a press release provided by the quoted
organization.

TheMatureMarket.com accepts no responsibility for their accuracy.

Published with permission of the TheMatureMarket.com

Ley Gal & Bill Vannot
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Note: We have the right to refuse any ad that is not within
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_____________________________

Regards,

Ley Gal & Bill Vannot
mailto:info@seniorlifechanges.com

_____________________________

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