Canadian Personal Finance Blog

Personal Finances and Consumer Concerns, essays, stories, examples and how to articles with a distinctly Canadian Point of View
January 4th, 2010

What 2010 has taught me so far….

Yes the year may only be a few days old, but it can still teach us some important things even in it’s short life.

No Such Thing As a Sure Thing

After watching the Swiss Junior Hockey Team beat a talented Russian team, 2010 has taught me there is no such thing, as a sure thing. If someone had said this might happen before the World Junior Championships started, they would have been laughed at, and when Russia was due to play the Swiss in the Quarter Finals, it was assumed that Russia would win and face Canada next, however, sometimes the sure thing, does not pay off.

Yes this is a real long shot, and the Swiss came back to earth against Team Canada in the Semi-finals, however, it is an example of how there are no sure things, and you should hope for the best but plan for the worst.

This year has already shown it may be a year of big (and hopefully not nasty) surprises. Remember this if you get a “can’t lose” piece of financial advice (or investing tip).

Things Can Change Fast

After leaving Burlington where the grass was green and then arriving in my home in Ottawa which was under 2 feet of snow, this year showed things can change quickly (and not necessarily for the better) very quickly. I looked at my in-laws back yard and saw green grass (OK it was a little cold down there, and there was traces of snow), but I knew that snow was going to be part of the equation, it was just when would we run into it, and how deep would it be. After skiing into my driveway, which was buried, I learned that things can change very fast.

In the world of Financial Advice, be nimble and be ready for things changing really fast (and again, not necessarily for the better).

What will the rest of this year hold for us? I don’t know, but strap in, looks like it might be a very interesting one.

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