Six Laws of a Long and Happy Life
Wondering if we’ll ever get summer this year? Here’s something to ponder if you’re stuck at the cottage in the rain. . .the six laws of a long and happy life.
This, by default, means the need to avoid life's sure end for as long as possible.
How and why do people die in Canada? According to a study by Kathryn Wilkins for Statistics Canada entitled, “Predictors of Death in Seniors,” there are some remarkable findings related to education, income and lifestyle:
· The likelihood of dying at a younger age is greater for those who have not completed post-secondary education compared with those who have.
· For men, source of income is a predictor of death (those who rely on public sources die sooner than those who rely on other sources).
· Men and women who are widowed are more likely to die at a younger age than those who are married or living with a partner.
· Seniors who are active die later than those who are inactive.
· People who drink alcohol at least once a month are less likely to die at a younger age than those who abstain or drink less frequently.
· If you smoke regularly, you will die sooner than someone who does not smoke.
It would appear we can extract from this list, six “Laws of a Long and Happy Life,” in Canada at least, and make a point of communicating these principles early to younger generations in the family:
· Law #1: Invest in your post-secondary education.
· Law #2: Be self-sufficient.
· Law #3: Find the right partner and commit to that person for life.
· Law #4: Exercise.
· Law #5: Drink alcohol moderately.
· Law #6: Don’t smoke.
Nonetheless, even if you place a checkmark next to each of these laws, there is no escaping the inevitable: planning for end of life is important, especially from a tax and financial planning point of view.
It’s Your Money. Your Life. Start with Law #1 – Invest in your post-secondary education with Knowledge Bureau’s Tax, Succession and Estate Planning courses.