Innovative Thinking
Written by Don Anderson, P.Eng. CLU
Written by Don Anderson, P.Eng. CLU
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My friend, Dr. Gordon Kruberg, crafted the groundbreaking "gumstix" computer-on-module on his garage workbench in California nearly two decades ago. About the size of a stick of gum, this miniature computer concept reduced the time needed to develop new product ideas from twelve months to just four.
Given the obvious potential for success, visionary engineers promptly incorporated gumstix technology into their plans. The results often surpassed their wildest expectations. By casting aside their initial reservations about this disruptive concept, these engineers and their respective companies prospered. Fast forward to today, one may wonder if a similar "gumstix"-style opportunity exists for entrepreneurs and their families in Canada who seek to elevate their achievements over the next few decades and across future generations. |
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Understand The Impressions
The impressions that linger in our minds play a decisive role in shaping our future actions and inclinations, whether they are negative or positive. Can we exert control over these past impressions to make the right choices moving forward? The Sanskrit term "samskara" consists of two root words: "sam," signifying completeness or unity, and "kara," referring to actions, causes, or deeds. Therefore, a "Samskara" is a mental imprint resulting from past actions or thoughts experienced over time. In Canada, an investment prospect beckons to each individual wanting to expand their success and transform their financial outlook. However, when the method is unveiled, many who read this article may instinctively and perhaps reflexively dismiss it due to their own samskaras. The two descriptive words have been deliberately withheld thus far to avoid the influence of previous imprints. |
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The Potential
When professionals in accounting, law, and life insurance collaborate and combine their expertise, favorable outcomes can substantially benefit each client. This collaborative approach breaks down the barriers of understanding that have prevailed in solo advocacy until now. |
Proactive Estate Planning
Held by Manning Elliott - Fall 2023 |
Just as innovative engineers recognized the opportunities presented by Dr. Kruberg and his gumstix, entrepreneurs and their families need to be open to change. To enhance their results, they must be willing to set aside their samskaras and embrace the potential.
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Be Proactive
In the realm of estate planning and family success, a proactive approach is being adopted daily by leading tax and estate planning professionals in Western Canada. Silos are a thing of the past. The traditional "selling" of life insurance has evolved into goal setting and customized solutions. Unveiling the two words: "life insurance." Accessible to all Canadian taxpayers, life insurance can serve as a pivotal investment tool for every family that has achieved significant success. Those who pursue this innovation stand to reap substantial benefits. Keep it simple, affordable and towards a goal. |
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Coordinated Approach
Maybe all accounting and legal advisors should contemplate embracing a collaborative approach to estate planning, incorporating the expertise of a Chartered Life Underwriter (CLU) specializing in corporate life insurance and estate planning. Together, these professionals can devise wealth planning strategies that are not only logical but also extend benefits across multiple generations, elevating a lifetime of effort and achievement.
This holds particularly true for individuals who rise above their samskaras and pay heed to such guidance.
Maybe all accounting and legal advisors should contemplate embracing a collaborative approach to estate planning, incorporating the expertise of a Chartered Life Underwriter (CLU) specializing in corporate life insurance and estate planning. Together, these professionals can devise wealth planning strategies that are not only logical but also extend benefits across multiple generations, elevating a lifetime of effort and achievement.
This holds particularly true for individuals who rise above their samskaras and pay heed to such guidance.
Don Anderson, P.Eng, CLU
Chartered Life Underwriter
Legato Wealth Management Inc.
October 26, 2023
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Chartered Life Underwriter
Legato Wealth Management Inc.
October 26, 2023
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