Bo - Sunday, April 22, 1984 - North Shore News

EE business |e f|

LOTS OF LUCK WITH THE MONEY

Can you handle the win?

EVER WONDER

what

vou d do it you won a bi
lottery?
Some people spend hun

dreds of dollars a year on lot
tery tickets (its not a good
investment, incidentally, and
toa form of voluntary tara-
von ) But whatif vou hit the
yackpow? What should you do
after you've got the several
million-dollar cheque and

MEXICO: may be a ma
Jor customer tor
Spacetel satedlite
munications

new
com
system
nnd manulic
tured by Microtel of Buc
naby. B ¢

vides practical means of

designed
Spacetel pro

serving tolated bocattoas
with dial
Ing Miguel Sanches
Rutz Director General of
Merathoos
munis altons

Cetpht)

phone service

space telecom
program
Joined tin oan
suguscal Spacetel call te
Cunada ss Comeaunna

Cherens Mintster

Brant,
Box and said Marathoo has

thousnmads of villages

whieh  cowtd gel first
phone scovtee atth sach
fechnologs C.o8rdon

Moachbartane (hefty © tune

snes mod C tel PE nccutive
Ont feces of b tf tal

whit cecctead the fest

Oe Spaceteal

svstein places Chee call

LEARN TO FLY
$15 INTRO

FLIGHT

S

[LANGLEY AIRPORT.
34-6848 826.1118

had the photos taken’

GET ET 1O THE BANK

Neocording to Tom
Delaney, a prominent Doron
tO tinancial adviser, vou
should march straight to the
bank or father to two ur
three banks = and deposit
the bulk of the money in term
deposits He supgeests
deposits of no more than a
year to start with, as this

SAHP-BS
os

vives vou flexibility to decide
whal to do with sour mones

Next, head tot a quiet
beach or secluded vacation
spot where you can relax and
Study your alternatives
Managing a fortune iw a
demanding occupation re
Guiting considerable
knowledge and skill which
tew ordinary working people
have

\

photo submitted

NOW

a new general typing
service on the North Shore

Alpha Word Processing

Ocecltts ol Woe

Processing
. $0

'
poh dias rot

VV we

Ho diuco

Call today

yrs

J Processing?

treo '

Vy prtergy ow

Y8/ 8302

You'll need to plunge into
reading and research on how
to unvest your money True,
many qualified people are
available to help, but in the
final analysis “*the onus is on
you, says Delaney “You
have to know what you're
doing, because you're the on-
ly person you can trust

He recommends waiting at
least a year before undertak
ing mayor and long term in-
vestments You need time to
adjust to vour new standard
of living, to decide where to
hive, and to learn about big
scale Money Management

At first you have no idea
how much income you will
need to support the lifestyle
you finally settle on, and to
determine how much excess
cash flow 15 generated by
your new fortune. You can’t

of course, spend it all “You
can only eat so many
steaks,"’ says Delaney

Next, vou don’t yet know
where vou want to live Many
assume they’d immediately
move to a pleasant climate
hike British Columbia or
Florida, or to a tax havenin
the Caribbean

That may be fine in the
winter months sav Delaney.
but you may be happiest hiv
ing right in your home town
You'll need at least a year to
get this settled in your mind

What about giving a
million dollars to each of the
kids, and another million to

the spouse? You ate probably
better off, tor tax purposes,
loaning the money on
generous terms. as gifts of
money to minor children or
spouses are tarxable to the
giver
THE BUSINESS IS
TRICKY

You may consider this a
golden opportunity to launch
yourself as an entrepreneur

“* Think twice.) says
Delaney “*The most
speculative investment you
can make is in your own

business *"
Your eventual decisions as
to the balance between debt

-entres (1981) led

1350 Pemberton Avenue
North Vancouver, B.C. V7P 2R7.

Telephone 985-5115

AUSTIN
INCOME TAX

* Confidential
Reasonabie rates
Vesit for tree est mate
Complete review fa:
TaxtMuM tax JeGult ors
Im Detore Yar
Out betore Spm
Suite 1-67 Lonsdale
N. Vancouver
(near Seabus)

986-0084

(bonds, debentures, term
deposits) and equity in
vestments (common. shares,

real estate) depends on what
you decide is prudent, and
with what you can be
comfortable.

You also should try to
defer tax habilites. At one
point, yvou’ll want to consult
a good tax lawyer. But, says
Delaney, you should not let
taxes become an obsession

The Bank of Montreal ot-
fers free brochures on money

management. Write to Con
sumer Education, Bank ot
Montreal, P.O. Box 2,

Montreal, Que., H2Y 388.

Fast
Economical
Copies
Business Hours

9 a.m. — 5:30 p.m.
Monday to Friday

Saturday 10 a.m. — 2 p.m.

ALAN A. MANN

Jason

Hunter

must Clear

quality men’s sutts
and sports jackets

at outraqeoushy low prnees

Pron the werld acclanned rotlls cf

dk seph b de wile

Man kenzie

SIreon

Predeneco and Jean Vallette to nearme a few

Phe fest i inaported tate stron

Italy

t traqhar vd

Scotland and Spans

Special of
the week

spring & summer suits

‘249%

oh en Wert oot.

565 Howe Sticcl
Vancouver
682-6771