There is almost always chatter in the media about the next possible correction or recession. The most recent buzz is about a possible US recession where Canada would likely follow suit. The chatter also includes opinions about a “soft” versus a “hard” landing, etc. The primary challenge for individuals trying to build wealth is that this background noise (chatter) has nothing to do with…you!

Pursuing your financial hopes and dreams involves navigating the ever-changing world and also your own desires, goals, and ambitions. Your desire to build assets (financial freedom) and financial independence remains the same – no matter what happens in the world around you. This is sometimes referred to as your personal economy. As factors in the outside world change (tax policy or interest rates) you can make tactical adjustments to your overall financial and strategic plan.