Blog Post
Dean Kendall • September 9, 2020

A Tax Refund is NOT a Good Thing!

a pile of canadian dollar bills sitting on top of each other.
Why that “windfall” cash isn’t a reason to celebrate.

Is a tax refund really good news? The reality is that qualifying for tax refund is likely the result of poor tax planning. A refund means you paid more in tax than you needed to last year. You gave the federal government an interest-free loan and they love you for it.

According to the Canada Revenue Agency, 62% of Canadians received a tax refund during the 2019 tax filing season. The average refund was $1,700. Many people look at this as an unexpected windfall to help cover other bills or fund a holiday. This thinking is completely backwards.

If you typically receive a refund it is time to review your household budget and earnings to discover where adjustments can be made so that less tax is withheld from your earnings during the year. This will provide more cash flow for you on a monthly basis to allocate towards your goals. Effective tax planning ensures your money is working for you throughout the year.

If you choose to save up for a holiday or something else on your wish list, you can set up a savings account and earn interest all year long. You have control over your own money the whole time. Why wait for Revenue Canada to give it back to you? 

Registered Retirement Savings contributions, child care expenses and tuition costs for postsecondary education all add up to significant tax deductions and credits. By anticipating these deductions and credits, you can increase your take-home pay each month instead of receiving them in the form of a tax refund. It’s as simple as submitting form T1213, Request to Reduce Tax Deduction at Source, to the Canada Revenue Agency. This authorizes a reduction in the tax deducted by your employer. The result is you will have more money in your pocket on a monthly basis to utilize more effectively. 

Here are our top 5 tips for maximizing your tax refund, followed by the most important tip.

Debts

Pay off debt, like credit card balances first to reduce the high cost of interest. Boosting your weekly, biweekly or monthly repayment amount will shave years off your mortgage. Remember, paying down debt is achieving a return on your money equal to the after-tax interest costs on the debt.

Start or Increase your Emergency Fund

In my experience most Canadians do not have adequate savings that they can access in times of sudden financial needs. Some mistakenly consider a line of credit(debt) as an emergency fund. Without an emergency fund, you’re left vulnerable in the event of a job loss, medical emergency, major repairs, or other surprises. Six months of non-discretionary expenses is a good place to start with a goal of increasing it to twelve months of non-discretionary expenses. Use your tax refund to start or add to an emergency fund, so you’ll have peace of mind when the unexpected happens.

Invest Smarter For YOUR Future

You’re no doubt aware that the markets have taken a hit recently. The truth is, this provides an opportunity to invest more and most importantly review your current overall situation. Before investing another dollar into your current investment portfolio(s) answer the following questions. 
  • What percentage of your investments are actively managed?
  • What percentage of your investments are passively managed?
  • Are you willing to admit that you have NO CLUE whatsoever?

You are very likely heavily invested in actively managed products with high fees and underperformance. Knowing the answers to these questions is the start to putting thousands or tens of thousands of dollars in your pocket every year. This annual savings is much greater than the average tax refund “windfall” people get so excited about.

Upgrade Your Skills

We have all heard about someone who has lost a job because of COVID-19. Have you recently found yourself wanting to return to school or start a business? Have you dreamt of taking courses to upgrade your skills? Will doing so help increase your salary? Consider this as an opportunity to shift gears with a new career path and take some courses that will help in this next position. Now is a terrific time to contemplate how you might upgrade your skills, and perhaps use your tax refund to pay for all or part of that training. 

Take a Vacation

After suggesting that you pay off debts, have an emergency fund, invest smartly or invest or upgrade your skills, how does vacation come into this? Well, studies have shown that travelling can prove to be an investment in yourself. Travel lowers stress levels, can boost your immune system, improve brain health, keep you fit and can also potentially increase your life expectancy. Additionally, if you are self-employed, you need some time away to recharge your batteries, so that makes travel a very important investment in you and your well-being.

These are five simple tips for maximizing your tax refunds. 

A problem I see is that most advisors will recommend you invest the tax refund. Why? Because the vast majority of financial advisors and wealth managers are simply salespeople who get paid commissions to sell investments. 

In my experience, people have a real blind spot regarding their vision for the future and as a result, often make quick but poor financial decisions. They have no “real” financial strategy.

STOP, BREATHE, THINK!

It’s time to hit the reset button, get off the treadmill and sit down with a professional who will help you co-create your ideal life vision. 

Let me provide some context. This is the way most people think about money. “I’ll just work hard to accumulate a big pile of money then I’ll be able to retire and do whatever I want,” they say
A man laying on top of a pile of money

But this strategy is dead wrong because the process shouldn’t start with money, it should start with a design for your Ideal Life…your end goal. Without a plan, you don’t know how big of a pile of money you really need…and if you’re working too much, you are trading something – your priorities (health, family, relationships etc.) for a big pile of money you may not need.

 

In my experience many people are stuck in an old paradigm. They feel there is nothing they can do or that their bank or broker is looking after their best interests. Often, they feel that they don’t have enough money to need an advisor. Too many people say to me "I wish I had met you 20 years ago". The time to act is NOW.

 

Money comes last, your vision for your ideal life comes first.

 

Remember, money is a tool that supports the accomplishment of your vision, values and goals. The wealth management industry is full of salespeople with products and tactics.  What you need to become wealthy and stress free is an Integrated Aligned Overarching Strategy, a living document that is adjusted constantly as you move forward in life. It is a prioritized step by step written plan of action. It outlines your current reality and clarifies if you are on track or off track to your goals. It highlights actionable items and course corrections allowing you to actualize your ideal financial future years earlier. Just like your health, you cannot have a onetime checkup or plan with your doctor and expect your health to magically stay on track.

 

With a well-designed financial strategy in place, it becomes possible to lower your stress and live into your Ideal Life vision today, not in some imaginary future. It becomes possible to shift mental energy away from financial issues and towards what matters most to you in life. 

 

A Financial Road Map® is a tool we use to integrate your values, goals and finances together so you have a clear VISION for the future. We then create an Integrated Aligned Overarching Strategy that we continuously update as life changes.

 

The best decision you can make right now is to consider a new possibility, and experience the creation of your own Financial Road Map®.

                                                                                                                                                                                                                                         Dean Kendall is a Financial Organizer in Calgary, handling all of the financial affairs for a select group of clients who value unbiased quality advice for one simple flat fee.


His latest book is Stop Paying Hidden Investment Fees! Click here for more informationhttps://www.ideallifeexperience.com/Stop-Paying-Hidden-Investment-Fees


In addition, Dean is a 3X Canadian National # 1 Amateur, a 5X Canadian National #1 Professional BMX rider, downhill mountain biker and an avid snowboarder. He is an expert at winning. Let him show you how to win the money game. You can reach Dean at dean@ideal-life-experience.ca or Phone 403-543 -7226


Copyright 2008 – 2020 by Dean Kendall. All rights reserved. 403 543 7226 dean@ideal-life-experience.ca

The Money-Health Link

By Dean Kendall • May 1, 2023
Does thinking about money make you tense? If you have ever wondered what would happen if you lost your job tomorrow or how to best optimize your finances, then you are not alone. A recent study shows 66% of Canadians feel financially unwell or just okay. Research shows there is a strong link between how financially well we feel, and our mental and physical health. Canadians who feel financially unwell are nearly 5 times less likely to participate in healthy physical activity and are more likely to experience financial stressors. On the flipside, Canadians who feel financially well are significantly more likely to say their physical health is excellent or good. They get more exercise, they eat more fruits and vegetables, they get health checkups more regularly and educate themselves on being healthier. Most importantly, they are less likely to worry about finances or stress over managing their money. Good financial habits can help improve our physical and emotional health. Here are some ideas to get you started: Ask for help, get perspective and take control. Everyone runs into significant financial issues in their lives. It could be sudden job loss, an inheritance, divorce, financial independence, severance, major purchases, purchase or sale of a business, excessive investment fees, couples not agreeing on financial issues or anything else that keeps you up at night. People often keep such problems to themselves. Talking things through with people who listen without judgment can lead to new solutions. More importantly, it’s a stress reliever. A personal financial crisis can feel like the end of the world, but the consequences generally aren’t life-and-death. What’s the worst that can happen? The answer may be a significant lifestyle change, such as downsizing into a different home, decreasing car payments and dramatically reducing expenses. I like to call this rightsizing your lifestyle. My advice is stop trying to keep up with the Joneses. If you look at the statistics, the Joneses are broke and faking it while racking up huge credit card debt. Build a “REAL” financial strategy. The most effective solution to financial stress is to create an Aligned Comprehensive Written Lifetime Financial Strategy. This strategy goes way beyond traditional retirement planning, money management or wealth management. Imagine, for the first time, experiencing a one-of-a-kind process that fully integrates and aligns your most important goals (financial and non-financial), with your most deeply held values (the people and things that are most important to you) and then determines how your finances should be arranged to optimize your fulfilment and enjoyment of life. Imagine the peace of mind & simplicity you will enjoy with an integrated, aligned overarching strategy for every area of your financial life (including banking, budgeting, bill paying, auto and other major purchases, financial and retirement planning, insurance, accounting and tax minimization, investments and money management, estate planning and more) all integrated into a single strategy that assures that you will achieve your ideal life goals in significantly less time than other methods. Never forget that your money is there to support the accomplishment of your Ideal Life. That’s why we start with a solid Ideal Life design planning process and keep working until you have a crystal-clear path to your Ideal Future. Then we go to work on how to support it financially. Money comes last… Remember, money is a tool that supports the accomplishment of your values and goals. The traditional financial services industry provides endless tactics that are typically tied to products pushed by salespeople in the wealth management industry. They try to distract you by comparing products against other products or the market. That’s all nonsense. Focus on the things that are firmly within your control. And remember that all those big brand name institutions you have grown to trust are ONLY paid if they sell you a product. What people need to become wealthy and stress free is a FLAT- FEE for advice FIDUCIARY who creates an Aligned Comprehensive Written Lifetime Financial Strategy. This is a living document that is adjusted frequently as your life changes. It is a prioritized step-by-step written plan of action. It outlines your current reality and clarifies whether you are on track or off track to your Ideal Life goals. It highlights actionable items and course corrections allowing you to actualize your ideal financial future. Just like your health, you cannot have a one-time checkup or plan with your doctor and expect your health to magically stay on track. With a well-designed financial strategy in place, it becomes possible to lower your stress and live into your Ideal Life vision TODAY…despite what is happening in the world… not in some imaginary future. It becomes possible to shift your mental energy away from financial issues and towards what matters most to you in life. Let me show you how we can make it happen. Consider the possibilities...What would you do with extra free time every month? What would you do with an extra decade free of financial cares? Note: This may be the most important paragraph in this article: What is the scarcest commodity on Planet Earth? It is not gold or diamonds or money. It is TIME! Time is what we all have too little of, yet we are willing to squander precious YEARS of it NOT achieving our goals because we are simply too lazy to do our homework on our financial lives and the advisors we choose. This is an enormous waste of human potential. You can be living Your Ideal Life much sooner than you imagine, but you must take action right now to get it on track. The ultimate goal of this entire process is to enable you to be FREE to use your precious time in the ways that you choose on your most important priorities. The definition of true wealth is complete control over your time. Money is just an enabler of that control. Our job is to ensure you have all the money you need to live life exactly as you choose. The outcome is people are much calmer due to a newfound confidence in their future, always knowing if they are on track or off track and making course corrections to achieving each of their goals. They are actively focused on living their values and living into their Ideal Lives right now. If you are ready to get really serious about living your Ideal Life and getting your financial house in perfect order, please call me a t 403-543-7226 or email me at dean@ideal-life-experience.ca to get started. I look forward to working with you to reach all of your goals. Dean Kendall is a Financial Organizer in Calgary, handling all of the financial affairs for a select group of clients who value unbiased quality advice for one simple flat fee. His book - Stop Paying Hidden Investment Fees! Click here for more information https://www.ideallifeexperience.com/Stop-Paying-Hidden-Investment-Fees Newest book - Becoming The Champion of Your Dreams: How to Set and Achieve Your Most Important Goals Click here for more information. https://www.ideallifeexperience.com/Becoming-the-Champion-of-Your-Dreams In addition, Dean is a 3X Canadian National # 1 Amateur, a 5X Canadian National #1 Professional BMX rider, downhill mountain biker and an avid snowboarder. He is an expert at winning. Let him show you how to win the money game. You can reach Dean at dean@ideal-life-experience.ca or Phone 403-543 -7226 ©Copyright 2008 – 2023 by Dean Kendall. All rights reserved. 403-543-7226 dean@ideal-life-experience.ca

Dean Kendall Success Formula - Step #13

By Dean Kendall • April 16, 2023
The Goal Setting System Goal setting is an essential part of living life to the fullest. Goals give our lives purpose, meaning, direction, and keep us grounded and focused. They help increase our motivation and help us fulfill our desires in life. Top athletes, people in the business world, and anyone who is successful sets goals daily. Sometimes, people fail to reach their goals because they become distracted with everyday life or lack the motivation and drive to follow through on their commitments. To help you with those issues, I want to share with you my specific goal setting system to overcome inertia. It doesn’t matter if your goal is to run a marathon or save up enough money to travel around Europe, the process is the same. Once you master it, you will be unstoppable. STEP #13: Reward yourself Throughout this process, it is essential that you take time out to reward yourself for your accomplishments. It is important to celebrate your successes every step of the way, even if it is only a small step. All progress is progress! This will increase your motivation and your momentum. Remember, this is about the journey as much as it is about the end goal. If all you do is worry about the future, you will burn out. Burnout is experienced when you work too hard, without letting yourself have time to relax and reset. Recognize those little wins because they will keep you going, and they will add to your positive mindset. When you reach a major milestone, it is important to pause and take time to acknowledge it. This reinforces the idea that what you are doing is exciting and important and gives you the chance to reset before the next big push. Setting goals and achieving them is hard work. It is something to be very proud of in your life. Taking the time to recognize yourself and your accomplishments should always be a part of this process. These steps have served me well in my racing life, in my business life, and in my personal life. These are the bits of wisdom I share with clients when they are struggling to meet a personal or financial goal. Taking a quick time out to refocus helps them get back on track. Dean Kendall is a Financial Organizer in Calgary, handling all of the financial affairs for a select group of clients who value unbiased quality advice for one simple flat fee. His book - Stop Paying Hidden Investment Fees! Click here for more information https://www.ideallifeexperience.com/Stop-Paying-Hidden-Investment-Fees Newest book - Becoming The Champion of Your Dreams: How to Set and Achieve Your Most Important Goals Click here for more information. https://www.ideallifeexperience.com/Becoming-the-Champion-of-Your-Dreams In addition, Dean is a 3X Canadian National # 1 Amateur, a 5X Canadian National #1 Professional BMX rider, downhill mountain biker and an avid snowboarder. He is an expert at winning. Let him show you how to win the money game. You can reach Dean at dean@ideal-life-experience.ca or Phone 403-543 -7226 ©Copyright 2008 – 2023 by Dean Kendall. All rights reserved. 403-543-7226 dean@ideal-life-experience.ca

Dean Kendall Success Formula - Step #12

By Dean Kendall • April 10, 2023
The Goal Setting System Goal setting is an essential part of living life to the fullest. Goals give our lives purpose, meaning, direction, and keep us grounded and focused. They help increase our motivation and help us fulfill our desires in life. Top athletes, people in the business world, and anyone who is successful sets goals daily. Sometimes, people fail to reach their goals because they become distracted with everyday life or lack the motivation and drive to follow through on their commitments. To help you with those issues, I want to share with you my specific goal setting system to overcome inertia. It doesn’t matter if your goal is to run a marathon or save up enough money to travel around Europe, the process is the same. Once you master it, you will be unstoppable. STEP #12: Change is okay Change is an inevitable part of life and re-evaluating your goals to fit your life is essential. You may require an alternative plan if your initial plans are not working out the way they should. Don’t become so focused on your action plan that you lose sight of the end goal. It is good to make changes to your process goals and alter your plan throughout the process. Re-evaluating your goals is a learning process that requires time and patience. Life is change, which is why it is completely normal for your goals to mutate over time with you. If you are not changing your goals out of laziness or lack of motivation, this is a normal part of the process. Dean Kendall is a Financial Organizer in Calgary, handling all of the financial affairs for a select group of clients who value unbiased quality advice for one simple flat fee. His book - Stop Paying Hidden Investment Fees! Click here for more information https://www.ideallifeexperience.com/Stop-Paying-Hidden-Investment-Fees Newest book - Becoming The Champion of Your Dreams: How to Set and Achieve Your Most Important Goals Click here for more information. https://www.ideallifeexperience.com/Becoming-the-Champion-of-Your-Dreams In addition, Dean is a 3X Canadian National # 1 Amateur, a 5X Canadian National #1 Professional BMX rider, downhill mountain biker and an avid snowboarder. He is an expert at winning. Let him show you how to win the money game. You can reach Dean at dean@ideal-life-experience.ca or Phone 403-543 -7226 ©Copyright 2008 – 2023 by Dean Kendall. All rights reserved. 403-543-7226 dean@ideal-life-experience.ca

Dean Kendall Success Formula - Step #11

By Dean Kendall • April 3, 2023
The Goal Setting System Goal setting is an essential part of living life to the fullest. Goals give our lives purpose, meaning, direction, and keep us grounded and focused. They help increase our motivation and help us fulfill our desires in life. Top athletes, people in the business world, and anyone who is successful sets goals daily. Sometimes, people fail to reach their goals because they become distracted with everyday life or lack the motivation and drive to follow through on their commitments. To help you with those issues, I want to share with you my specific goal setting system to overcome inertia. It doesn’t matter if your goal is to run a marathon or save up enough money to travel around Europe, the process is the same. Once you master it, you will be unstoppable. STEP #11: Focus on Accomplishments Look backwards is often more motivating than looking forward. While looking forward to a big goal can be daunting, looking backward can be more motivating because you will see all the work that you have put in and all the milestones you have already met. Choose whichever view gets you most excited and keeps you in the game. Success comes to those who persevere. Dean Kendall is a Financial Organizer in Calgary, handling all of the financial affairs for a select group of clients who value unbiased quality advice for one simple flat fee. His book - Stop Paying Hidden Investment Fees! Click here for more information https://www.ideallifeexperience.com/Stop-Paying-Hidden-Investment-Fees Newest book - Becoming The Champion of Your Dreams: How to Set and Achieve Your Most Important Goals Click here for more information. https://www.ideallifeexperience.com/Becoming-the-Champion-of-Your-Dreams In addition, Dean is a 3X Canadian National # 1 Amateur, a 5X Canadian National #1 Professional BMX rider, downhill mountain biker and an avid snowboarder. He is an expert at winning. Let him show you how to win the money game. You can reach Dean at dean@ideal-life-experience.ca or Phone 403-543 -7226 ©Copyright 2008 – 2023 by Dean Kendall. All rights reserved. 403-543-7226 dean@ideal-life-experience.ca

Dean Kendall Success Formula - Step # 10

By Dean Kendall • March 27, 2023
The Goal Setting System Goal setting is an essential part of living life to the fullest. Goals give our lives purpose, meaning, direction, and keep us grounded and focused. They help increase our motivation and help us fulfill our desires in life. Top athletes, people in the business world, and anyone who is successful sets goals daily. Sometimes, people fail to reach their goals because they become distracted with everyday life or lack the motivation and drive to follow through on their commitments. To help you with those issues, I want to share with you my specific goal setting system to overcome inertia. It doesn’t matter if your goal is to run a marathon or save up enough money to travel around Europe, the process is the same. Once you master it, you will be unstoppable. STEP #10: Hold yourself accountable The next thing you must focus on is holding yourself accountable throughout this process. This is the part where you stay loyal to your plan, and make sure you are giving it your all. A great way to hold yourself accountable is writing everything down. Doing this will ensure that you know your goals and reviewing them will remind you to stay motivated. Sharing your goals with others who support you, will help hold you accountable. Telling others about your goals should make you feel like you don’t want to let them down. Letting yourself down can sometimes be easier than letting others close to you down. Fessing up to other people that you are not giving something your all is difficult, so accountability to them can be huge. Dean Kendall is a Financial Organizer in Calgary, handling all of the financial affairs for a select group of clients who value unbiased quality advice for one simple flat fee. His book - Stop Paying Hidden Investment Fees! Click here for more information https://www.ideallifeexperience.com/Stop-Paying-Hidden-Investment-Fees Newest book - Becoming The Champion of Your Dreams: How to Set and Achieve Your Most Important Goals Click here for more information. https://www.ideallifeexperience.com/Becoming-the-Champion-of-Your-Dreams In addition, Dean is a 3X Canadian National # 1 Amateur, a 5X Canadian National #1 Professional BMX rider, downhill mountain biker and an avid snowboarder. He is an expert at winning. Let him show you how to win the money game. You can reach Dean at dean@ideal-life-experience.ca or Phone 403-543 -7226 ©Copyright 2008 – 2023 by Dean Kendall. All rights reserved. 403-543-7226 dean@ideal-life-experience.ca

The Dean Kendall Success Formula - Step #9

By Dean Kendall • March 20, 2023
The Goal Setting System Goal setting is an essential part of living life to the fullest. Goals give our lives purpose, meaning, direction, and keep us grounded and focused. They help increase our motivation and help us fulfill our desires in life. Top athletes, people in the business world, and anyone who is successful sets goals daily. Sometimes, people fail to reach their goals because they become distracted with everyday life or lack the motivation and drive to follow through on their commitments. To help you with those issues, I want to share with you my specific goal setting system to overcome inertia. It doesn’t matter if your goal is to run a marathon or save up enough money to travel around Europe, the process is the same. Once you master it, you will be unstoppable. STEP #9: Get Feedback! Feedback is critical to improving your performance and increasing your ability to achieve your goals. You only have one perspective, and often others will see things through different lenses. Ask for advice from those you trust, and those who will give you honest feedback. It is critical that you hear the unvarnished truth. Feedback is the cheapest and the most powerful way to gauge how other people perceive your accomplishments. It is an important tool to assess how well you’re meeting your standards. Dean Kendall is a Financial Organizer in Calgary, handling all of the financial affairs for a select group of clients who value unbiased quality advice for one simple flat fee. His book - Stop Paying Hidden Investment Fees! Click here for more information https://www.ideallifeexperience.com/Stop-Paying-Hidden-Investment-Fees Newest book - Becoming The Champion of Your Dreams: How to Set and Achieve Your Most Important Goals Click here for more information. https://www.ideallifeexperience.com/Becoming-the-Champion-of-Your-Dreams In addition, Dean is a 3X Canadian National # 1 Amateur, a 5X Canadian National #1 Professional BMX rider, downhill mountain biker and an avid snowboarder. He is an expert at winning. Let him show you how to win the money game. You can reach Dean at dean@ideal-life-experience.ca or Phone 403-543 -7226 ©Copyright 2008 – 2023 by Dean Kendall. All rights reserved. 403-543-7226 dean@ideal-life-experience.ca

The Dean Kendall Success Formula - Step #8

By Dean Kendall • March 13, 2023
The Goal Setting System Goal setting is an essential part of living life to the fullest. Goals give our lives purpose, meaning, direction, and keep us grounded and focused. They help increase our motivation and help us fulfill our desires in life. Top athletes, people in the business world, and anyone who is successful sets goals daily. Sometimes, people fail to reach their goals because they become distracted with everyday life or lack the motivation and drive to follow through on their commitments. To help you with those issues, I want to share with you my specific goal setting system to overcome inertia. It doesn’t matter if your goal is to run a marathon or save up enough money to travel around Europe, the process is the same. Once you master it, you will be unstoppable. STEP #8: Just do it! Now it’s time to act on everything you have planned in the previous steps. There is no time like the present. If you start today, you will be a day closer to reaching your goals. If you start right now, you will be hours closer to getting your outcome. You must start somewhere, so dig deep and find the courage and motivation to just go for it! Your goals will never happen if you keep waiting for tomorrow. Stop getting ready to get ready, or as I like to call it, analysis paralysis. Just Do It!! It may seem scary to take that first step, but what do you have to lose? Jump in the deep end and figure things out as you go. You can only do so much planning before you just have to go for it. You have a written plan for living your Heroic Life. It is time to become the champion of your dreams and start acting like a hero! Dean Kendall is a Financial Organizer in Calgary, handling all of the financial affairs for a select group of clients who value unbiased quality advice for one simple flat fee. His book - Stop Paying Hidden Investment Fees! Click here for more information https://www.ideallifeexperience.com/Stop-Paying-Hidden-Investment-Fees Newest book - Becoming The Champion of Your Dreams: How to Set and Achieve Your Most Important Goals Click here for more information. https://www.ideallifeexperience.com/Becoming-the-Champion-of-Your-Dreams In addition, Dean is a 3X Canadian National # 1 Amateur, a 5X Canadian National #1 Professional BMX rider, downhill mountain biker and an avid snowboarder. He is an expert at winning. Let him show you how to win the money game. You can reach Dean at dean@ideal-life-experience.ca or Phone 403-543 -7226 ©Copyright 2008 – 2023 by Dean Kendall. All rights reserved. 403-543-7226 dean@ideal-life-experience.ca

The Dean Kendall Success Formula - Step #7

By Dean Kendall • March 6, 2023
The Goal Setting System Goal setting is an essential part of living life to the fullest. Goals give our lives purpose, meaning, direction, and keep us grounded and focused. They help increase our motivation and help us fulfill our desires in life. Top athletes, people in the business world, and anyone who is successful sets goals daily. Sometimes, people fail to reach their goals because they become distracted with everyday life or lack the motivation and drive to follow through on their commitments. To help you with those issues, I want to share with you my specific goal setting system to overcome inertia. It doesn’t matter if your goal is to run a marathon or save up enough money to travel around Europe, the process is the same. Once you master it, you will be unstoppable. STEP #7: Delegate parts of your goal! You need to delegate every possible part of your goal that you can delegate. You should only do those things that ONLY you can do. When I was racing, I needed to focus on my conditioning, my diet, my practice, studying my competitors and my racing. Every minute that I spent planning trips or cooking, was a minute that I was stealing from the things that ONLY I could do. Make a list of the tasks that only you can do and then try to find a way to delegate everything else to your support team or people you can pay to do those other tasks for you. Focusing on your gifts and strengths will make them greater and stronger and pay far higher dividends. Delegate EVERYTHING else possible. Dean Kendall is a Financial Organizer in Calgary, handling all of the financial affairs for a select group of clients who value unbiased quality advice for one simple flat fee. His book - Stop Paying Hidden Investment Fees! Click here for more information https://www.ideallifeexperience.com/Stop-Paying-Hidden-Investment-Fees Newest book - Becoming The Champion of Your Dreams: How to Set and Achieve Your Most Important Goals Click here for more information. https://www.ideallifeexperience.com/Becoming-the-Champion-of-Your-Dreams In addition, Dean is a 3X Canadian National # 1 Amateur, a 5X Canadian National #1 Professional BMX rider, downhill mountain biker and an avid snowboarder. He is an expert at winning. Let him show you how to win the money game. You can reach Dean at dean@ideal-life-experience.ca or Phone 403-543 -7226 ©Copyright 2008 – 2023 by Dean Kendall. All rights reserved. 403-543-7226 dean@ideal-life-experience.ca

Dean Kendall Success Formula Step #6

By Dean Kendall • February 27, 2023
The Goal Setting System Goal setting is an essential part of living life to the fullest. Goals give our lives purpose, meaning, direction, and keep us grounded and focused. They help increase our motivation and help us fulfill our desires in life. Top athletes, people in the business world, and anyone who is successful sets goals daily. Sometimes, people fail to reach their goals because they become distracted with everyday life or lack the motivation and drive to follow through on their commitments. To help you with those issues, I want to share with you my specific goal setting system to overcome inertia. It doesn’t matter if your goal is to run a marathon or save up enough money to travel around Europe, the process is the same. Once you master it, you will be unstoppable. STEP #6: Is your goal measurable? Are you on track or off track? The next step is ensuring that progress toward your goal is measurable. A great example of a measurable goal was when John F. Kennedy said, “We will put a man on the moon by the end of the decade and return him safely to earth.” There was no question about what success and failure looked like nor was there any wiggle room on the date. We either had landed a human being on the moon and returned them safely to Earth or we had not. Nothing wishy washy there. We had either done that by December 31st, 1969, or we had not. This was a clear goal with measurable outcomes. Along with your written action plan, you’ll want to set benchmarks for yourself. This will ensure that you know whether you are on track or off track throughout your journey. Making sure you can track the progress of your goal is essential for long-term success. Setting milestones and reasonable deadlines for interim steps will help you adjust your pace and intensity and will ensure that you stay on track to your desired timeframe. Making sure that your goal is attainable in your timeframe is also important. Sometimes during the milestone setting process you will discover that sub-parts of your goal will take longer than you thought, and you will choose to change your overall timetable. Giving yourself extra time for learning and encountering the unexpected will ensure that you stay on track and will lower your stress levels. If you get a little off track during this process, it is OK. NASA was off-track more than 98% of the time on the way to the moon. They just kept making little adjustments to get back on track. You’ll do the same. Being off-track on the way is normal if you course correct and get back on track as you go. Dean Kendall is a Financial Organizer in Calgary, handling all of the financial affairs for a select group of clients who value unbiased quality advice for one simple flat fee. His book - Stop Paying Hidden Investment Fees! Click here for more information https://www.ideallifeexperience.com/Stop-Paying-Hidden-Investment-Fees Newest book - Becoming The Champion of Your Dreams: How to Set and Achieve Your Most Important Goals Click here for more information. https://www.ideallifeexperience.com/Becoming-the-Champion-of-Your-Dreams In addition, Dean is a 3X Canadian National # 1 Amateur, a 5X Canadian National #1 Professional BMX rider, downhill mountain biker and an avid snowboarder. He is an expert at winning. Let him show you how to win the money game. You can reach Dean at dean@ideal-life-experience.ca or Phone 403-543 -7226 ©Copyright 2008 – 2023 by Dean Kendall. All rights reserved. 403-543-7226 dean@ideal-life-experience.ca

Dean Kendall Success Formula - Step #5

By Dean Kendall • February 20, 2023
The Goal Setting System Goal setting is an essential part of living life to the fullest. Goals give our lives purpose, meaning, direction, and keep us grounded and focused. They help increase our motivation and help us fulfill our desires in life. Top athletes, people in the business world, and anyone who is successful sets goals daily. Sometimes, people fail to reach their goals because they become distracted with everyday life or lack the motivation and drive to follow through on their commitments. To help you with those issues, I want to share with you my specific goal setting system to overcome inertia. It doesn’t matter if your goal is to run a marathon or save up enough money to travel around Europe, the process is the same. Once you master it, you will be unstoppable. STEP #5: Have you taken your personal skills assessment? The next step in the process is considering your talents and expertise. Think about what it is going to take to accomplish every step of your goal. Identify your strengths and weaknesses. Determine who else you will need to help you shore up your weaknesses. There is no shame in asking for help. I have had help in every step of my life journey and even right now I meet with my coaches and mentors every week and sometimes daily. I PAY for monthly coaching because I always want to take my business and my life to the next level. There is honor in paying others to help you. It is a sign of strength to know your limitations and seek help to shore them up. You are smart enough to know in what areas you are not an expert, and you can intentionally bring that expertise into your life. You must decide which areas will be easy for you, and which areas you may need help. Getting expert help will allow you to focus on the things you are good at. Taking some things off your plate will also relieve stress and give you time to relax and enjoy the journey. Taking the time to rewind and reflect is necessary. Dean Kendall is a Financial Organizer in Calgary, handling all of the financial affairs for a select group of clients who value unbiased quality advice for one simple flat fee. His book - Stop Paying Hidden Investment Fees! Click here for more information https://www.ideallifeexperience.com/Stop-Paying-Hidden-Investment-Fees Newest book - Becoming The Champion of Your Dreams: How to Set and Achieve Your Most Important Goals Click here for more information. https://www.ideallifeexperience.com/Becoming-the-Champion-of-Your-Dreams In addition, Dean is a 3X Canadian National # 1 Amateur, a 5X Canadian National #1 Professional BMX rider, downhill mountain biker and an avid snowboarder. He is an expert at winning. Let him show you how to win the money game. You can reach Dean at dean@ideal-life-experience.ca or Phone 403-543 -7226 ©Copyright 2008 – 2023 by Dean Kendall. All rights reserved. 403-543-7226 dean@ideal-life-experience.ca
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