Finding the shortest and safest route to any of your dreams requires planning and only with a carefully thought out financial plan can you be sure to make the most of your resources and to protect against risks along the way. At Worby Wealth Management, Chris will do his best to help you achieve those dreams with a plan that is tailored to your specific needs and based on your individual situation.

1. Communication. 

During the 2008 liquidity crisis, I gained a few extra clients because I was actively in contact with my existing clients and other advisors were not in contact with theirs. The fact is that I, like all the others, did not know what was happening or why – a 50% drop over 2 months will have that effect on you! – but that didn’t keep me from calling and having appointments. I may not have had answers, but it was still my job to provide them access to whatever information was available.

2. Pro-activity. 

This one goes a bit hand in hand with the first one but I can’t tell you how often I’ve heard this, “he calls me at RRSP time and I go write him a cheque and don’t hear from him for a year.” Who is the client in this scenario?! One trick I use for this one is to sometimes book our next appointment at the end of this one – even if it’s going to be 6 months down the line. It keeps us all accountable to meet regularly.

3. Interest. 

I often joke that “you don’t have to be a nerd but you do have to hire one” because the reading I do and enjoy and look forward to would put the average person to sleep in about 3.7 seconds! I like people, I like math, I like psychology, I like markets – I like what I do. I don’t do it because I have to; I do it because I want to. If you are working with someone who has to do something, you know it and you also know mediocrity is the usual companion.

4. Relationship. 

Personally, I don’t get a lot of utility out of a transactional relationship. I like to get to know my clients and I like them to know me. I am a little quirky (aren’t we all) and I like other people’s quirks. I enjoy the eccentricities that make people unique and if we are dealing with transactions – “My guy calls me at RRSP time and I don’t talk to him for a year” – I don’t get a lot of personal reward from that. It makes our work together more personal, I can understand people’s goals better and I can advise them better.

5. Competence. 

This one is difficult to assess in an hour or two of meeting someone however, I think it is fair to ask a new advisor about wins and losses. “Tell me about 3 recommendations you’re proud of and 3 that you aren’t.” There is no possible way that everyone bats 1000 when it comes to recommendations based on the stock market but if someone isn’t willing to discuss it with you, that’s a red flag. This also leads to a talk about investment discipline – and that’s where competence truly lies.

I don’t think it’s out of line to treat a new advisor kind of like they are interviewing for a job. I often think of myself as a household’s Chief Financial Officer – you are the CEO; you’re the one making decisions and ultimately responsible. But within the realm of investments and money management services, I give recommendations for my client's consideration.

Call Chris Worby at (306) 757-4747 ext 226 or on his Cell: (306) 737-2909. Check out his listing on the Regina Directory in the REGINA FINANCIAL SERVICES category. Chris Worby is a Trusted REGINA FINANCIAL ADVISOR EXPERT

Some of the services that Worby Wealth Management can help you with: 

• Insurance Advice
• Investments
• Wealth Management Services
• Pay Less Tax With Tax Planning 
• Become Mortgage-Free Faster With Financial Education 
• Estate Planning 
• Retirement Planning 

TRUSTED REGINA FINANCIAL ADVISOR Chris Worby from Worby Wealth Management helps you live your dream!

Finding the shortest and safest route to any of your dreams requires planning and only with a carefully thought out financial plan can you be sure to make the most of your resources and to protect against risks along the way. At Worby Wealth Management, Chris will do his best to help you achieve those dreams with a plan that is tailored to your specific needs and based on your individual situation.

Let Trusted Regina Financial Adisir Chris Worby of  Worby Wealth Management help you live your dream!

Using a Safety Net:

Worby Wealth Management a Trusted Regina Financial Consultant talks about your Emergency Fund.

Say in the same month you have your water heater go, your car needs $2500 worth of work and you have to take an emergency trip to see an ailing relative. Where is that money going to come from? Many people know we should save a few months’ worth of expenses for the ‘just in case’ times but very few people know how to.

• How much money should be in an emergency fund?

• How to build one

• How to use it for annual ‘fun’ items I’ve heard it said that you should have 3 to 6 months’ worth of expenses handy on a ‘just in case’ basis.

I generally think a dollar amount is a better idea. Think of how much makes sense for you but a good guideline is somewhere in the $10,000 to $15,000 range – that is enough money to deal with most household’s finances for a couple of months in the event of job loss or such but still allows for funds to go towards longer terms goals like retirement.

Building one can be difficult but really, the best way is to set up a high interest rate account separate from your regular chequing account and send money there from every paycheque. Now that you know what your goal amount is, you can target that and, if you want to go from $0 to $10,000 over the course of 4 years, it’s going to be $2500/yr or about $100/bi-weekly. It may take some time to build this up so I often recommend using tax returns or some other once a year source of funds like bonuses to get this done more quickly.

Finally, I get asked how to budget for an annual trip or some such pretty regularly – this fund can help. Say it’s established and you are ticking along just fine at around $12,000 and you have decided this is good for your household. Once that fund gets above that amount, you have spending money! Say you want to take the family to Mexico during the winter every now and then, whenever you have $17,000 (if it costs $5000), you are free to go. Emergency funds, they are helpful and very few people have them. Give me a call or email and we can figure out how to get one up and running for you.

Chris Worby is a Trusted Regina financial advisor and Wealth Management consultant servicing local Regina households and businesses since 2001.

Some of the services that Worby Wealth Management can help you with: 

• Insurance Advice
• Investments
• Wealth Management Services
• Pay Less Tax With Tax Planning 
• Become Mortgage-Free Faster With Financial Education 
• Estate Planning 
• Retirement Planning 

TRUSTED REGINA FINANCIAL ADVISOR Chris Worby from Worby Wealth Management helps you live your dream!

Finding the shortest and safest route to any of your dreams requires planning and only with a carefully thought out financial plan can you be sure to make the most of your resources and to protect against risks along the way. At Worby Wealth Management, Chris will do his best to help you achieve those dreams with a plan that is tailored to your specific needs and based on your individual situation.

Let Trusted Regina Financial Adisir Chris Worby of  Worby Wealth Management help you live your dream!

Get Happy with your Money! 

I talk with a lot of people about their finances – a lot – and if there’s anything I have learned it is that people are not happy with their money. They feel guilty about their spending and savings habits, feel they need to justify purchases and always end the month without.

Mike Rowe, host of ‘Dirty Jobs’ answered this to someone who was having a hard time finding a job they were ‘happy’ with:

Happiness doesn’t come from a job. It comes from knowing what you truly value, and behaving in a way that’s consistent with those beliefs.

Every household, no matter what stage of life – married, single, divorced, retired, etc – can benefit from considering their values as it relates to their finances, investing, goal setting, etc. Once the values have been established, the decisions become easy.

Let’s talk about these values for a few minutes. First, let’s talk about spending. If a household sat down and said, “We value being debt-free,” a number of decisions get really easy. “Should we buy a brand new car that will take us 8 years to pay off?” “Should we buy a brand new house with an accompanying $350,000 mortgage?” “Should we apply this work bonus to our mortgage using a pre-payment option?” Easy questions to answer once the household value is identified.

How about investing? “I value long term growth over safety and low volatility,” is a different statement from, “I value security in my investments.” Each of these investment statements means that many strategies are immediately eliminated and need never be considered again – how’s that for simplifying the decision-making process!

One of the issues here is that some values are ‘better’ than others – or so we think. There is no inherent benefit to valuing security overgrowth or vice versa. The important part is to follow your values so that your investment experience matches your values.

Values-based investing isn’t about the investment itself – it’s about you.

If you don’t know what your values are, contact me and we can figure it out together. 

Chris Worby is a Trusted Regina financial advisor and Wealth Management consultant servicing local Regina households and businesses since 2001.

• Insurance Advice
• Investments
• Wealth Management Services
• Pay Less Tax With Tax Planning 
• Become Mortgage-Free Faster With Financial Education 
• Estate Planning 
• Retirement Planning 

TRUSTED REGINA FINANCIAL ADVISOR Chris Worby from Worby Wealth Management helps you live your dream!

Another one of those great businesses to join the Regina Directory of Excellence is Worby Wealth Management, the first TRUSTED REGINA FINANCIAL ADVISOR to be featured on the REGINA DIRECTORY. Let's tell you all about Chris Worby and why he deserves the Thumbs up! 

Choosing Worby Wealth Management to help you plan and live your dreams means you have someone who sees the person behind the numbers. Chris Worby is the kind of financial guy who knows the math behind investing but who recognizes that understanding the people he deals with is the real key to being a successful financial planner. Chris believes that clients should have more than a 'Hi' and 'Thank You' and a bunch of copies of paperwork after meeting, rather that there should be a true consideration of their client's goals and how to achieve them...the paperwork is the formal part! Chris has been in the REGINA Financial Services industry since 2001..,..just in time for 9/11, accounting scandals like Worldcom and Enron, and the end of the dot com bust so you know you are working with someone who has seen the rise and fall of the financial markets. He came along this profession the old-fashioned way as both his Dad and Grandfather were in the business making him a 3rd generation financial planner.

As one of TRUSTED REGINA's FINANCIAL ADVISORS Chris also gives actual advice...meaning that he will listen and provide alternatives but he that he ultimately strives to give sound recommendations he can stand behind. Speaking of standing behind, he also doesn't bring just any financial product or manager in front of his clients, he takes the time to consider each one thoughtfully and determine if it's a solid option.

When we spoke with Chris' clients in the verification process, the feedback was impressive, click here to read what they had to say. The general consensus is proof that Chris does take the time to know his clients and that he cares as much as they do about their dreams. And really, you couldn't ask for more than that in a TRUSTED REGINA FINANCIAL PLANNER, could you?