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Six Laws of a Long and Happy Life

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,”[1] 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.

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