Bo - Sunday, May 20, 1984 - North Shore News El business [zag Try building your own pyramid NE SENSIBLE approach to financial plan- ning and investing is what has been called the ‘‘priority pyramid.’’ In simple terms it serves as your money into avenues a guide, it establishes an which will increasingly earn order of priorities to follow more money — but as you over your investing lifetime. build toward the pyramid’s ES peak the risks also increase proportionately. Look at the diagram and the concept will become clear to you. It is purely one exam- ple. Depending upon your level of expertise in handling money, and your knowledge of investments, you can vary it to Suit your own needs, cir- cumstances, philosophy and personality. Most people probably will agree that for a young per- son, particularly a young per- son with a family, life in- Surance makes good sense. Perhaps it should be a term money Bill Ryan Pe) The foundation of the pryamid is made up of pro- tective ‘‘safety net’’ steps which provide a firm base for future activities. These are your first priorities and they will not make you a great deal of money. They are not intended to, because they are defensive, protective, as we said. As you build your pyramid, however, you direct Stocks A house GIVE BLOOD. Gold/Options Mutual Funds Term Deposits Income Splitting RHOSP Emergency Funds (Canada Savings Bonds Life Insurance THE “PRIORITY PYRAMID” policy which will give you more flexibility in the future. Make out a will at an early age. Review and revise it, as required, every few years. It is a sound habit to develop, assuring that your worldly goods reach the hands that you wanted them to reach when you depart this veil of tears. You should have some ready cash for emergencies, of course. Perhap a savings account; or Canada Savings Bonds, which are quite li- quid; that is, they are quickly convertible into cash. Building upward, a next logical step would be to buy your home, and you might want to do this through a Registered Home Ownership See page 87 Bonds RRSP Will GIVE LIFE! We’re counting on you! The Canadian Red Cross Society Haldane $18,000 to $120,000 Most managerial, professional, administrative and technical positions available in Western Canada are not advertised. If you are ready for anew position and have had at least two years work experience with earnings inthe $18,000 to $120,000 range, let us help you find one of the non-advertised better jobs that are available. Send us your resume now orcallforano-cost appointment. Even if your situation is especial- ly difficult, we will work with you until you have a better job. (604) 687-8399 North America’s leading Job Counselling, Corporate Outplacement and relocation service. 409 Granville Street Suite 256 associates of Canada Vancouver, BC V6C1T2 Offices in Most Major Cities — Canada & United States ep I Saint John Shipbuilding and Dry Dock Co., Ltd. continues to develop a top-notch team of experts for the CANADIAN PATROL FRIGATE program. Presently we are searching for experienced personne! who have backgrounds appropriate to the following marine construction areas © PLANNING & SCHEDULING ENGINEERS AND TECHNICIANS (Pipe, Stoel Marine, Electrical & Mechanical) PRODUCIBILITY ENGINEERS ELECTRICAL MARINE ENGINEERS OPERATING MARINE ENGINEERS MANUFACTURING & INDUSTRIAL ENGINEERS Our office ts located tn Saint John, New Brunswich. a picturesque Maritime city with casy access toa varicty of cultural and recreadional centres We have a moderate climate year ‘round, good educational systems, modern housing facilities and friendly people all of which contribute to the appeal and attractiveness of this 200 Year Old Proud C ity We offer competitive salaries, full bencfits and rclocation assistance Ifyou are a qualified candidate we want to hear from you, you may be invited to Satut John for final interviews, Please forward yous detafled résumé. quoting reference no DS 8401 to The Manager, Personne! & Training. P.O. Box 970, Saint John.N.B. E2L 455. SAIN ET SPOULN SiieBert pina & Drv Door Co. Tarp