Page 17 - SpectrumOctober2018

You Asked, We Answered!
You Asked, We Answered!

Business Association Computer Services

Is the Cambridge Chamber of Commerce Should you use the “Cloud”?
associated with the government? The fi rst thing to understand about the “Cloud” is, it's just someone else’s comput-
er! With this in mind, it means your data is on their system, which raises ques ons
The Cambridge Chamber of Commerce is a non-par - like; how secure is my data? Will it get shared with outside sources, such as govern-
ment agencies? All of which are outside your control.
san business organiza on. We are not affi liated with You must have a backup & business con nuity strategy, because how will you re-
any poli cal party or any level of government. We are cover an item accidently deleted, like an invoice in Quickbooks online or an email
in offi ce 365 webapps. Also you don’t have the original data when the internet is
the voice of business on behalf of our 1800 members, down and it's gone when the account is cancelled.
The largest issue we deal with for small to medium sized companies a er a client
we advocate for your needs to municipal, provincial moved to a “cloud” loca on, is the quality of the internet connec on. We fi nd out
and federal governments, and we ac vely par cipate they were unable to watch a YouTube video before, however now they must rely
on this connec on to handle business cri cal systems like invoicing, email or voice
in Public Policy development. communica ons (VoIP).
There are always unforeseen problems that eff ect day to day administra on and
network health. Most resolu ons cost $1,000’s per year and none were budgeted
for and most mes outweigh the original decision to move to the cloud.
Email melissa@cambridgechamber.com for informa on Contact: info@griff comm.ca : 1-226-485-1002

Education Financial Planning

What can I do to help my child succeed at school? Do fees really ma er? (Yes)
1. Teach the magic word "yet": As in, "I haven't yet learned my 6 mes ta-
bles.” Seeing learning as a mposi ve, ongoing process increases mo va on. No ma er where you invest, investments have a cost even though it’s taken a
long me for required fee disclosure to arrive. Do you know what fees you are
2. Sleep earlier: Researchers have found that a mere half an hour of paying? You should. Check your statements.
extra sleep can make the diff erence between grade levels in high school
students. An extra half an hour’s sleep has also been proven to result in less
restlessness, vola lity and frustra on. A diff erence of 1% may not seem like a big deal but it adds up over the long
term thanks to the magic of compounding along with your investment re-
3. Learn something yourself: Model how to enjoy the process of learning turns. A 1% diff erence in fees means you lose the growth on that diff erence
and overcome diffi cul es with a posi ve a tude. you might have had for what could be many years into the future. Here’s an
example.
4. Do nothing: If your child misbehaves in class or doesn’t hand in their
homework on me, let them face the consequences. Understanding the If you had $100,000 invested earning 5% a year for the next 20 years and your
consequences of your ac ons is essen al to learning responsibility for your fees were 2% a year you would have $180,611 at the end of those 20 years.
own learning. Shielding a child from every bump in the school road will But if your fees were 1% instead, you would have $219,113 at the end of those
produce a passive, dependent learner.
20 years. That’s a diff erence of $38,502 which shows fees do ma er.
For more informa on and programs visit
www.oxfordlearning.com/cambridge Brenda Po er Phelan, BA, RRC®, CFP®, CPCA, CPA, CGA
519-224-0158 brenda@silvercompass.ca www.silvercompass.ca
Lawyer Real Estate

Where Should I Keep My Original Will? Prepare Your Home for Winter
A Canadian winter can be harsh & the ice & snow can lead to big
Should you keep your Will at home among your homeowner headaches if the proper precau ons aren’t taken.
safe papers? What if you take it out and forget Here are a few things that you should do to prepare your home
for winter.
to put it back, or unknowingly lose or destroy it.
Or worse, you start dra ing amendments on the • Check for cracks in the founda on
Pay a en on to landscaping
•
original giving rise to legal challenges or other • Have a professional inspect your chimney
legal implica ons on your death? Many law fi rms Gary** & Debbie* • Have your hea ng system inspected
Baverstock
off er a free, safe storage facility at their offi ces 519-622-7677(bus), • Flush out sprinkler systems & turn off exterior faucets
888-218-6589 • Replace your air fi lters
combined with off -site, electronic back-up copies and your law (toll-free)
fi rm is bound by a duty of confi den ality – so the contents of ** Broker of Record The best way to prepare your home for winter is to make sure
* Broker
your Will cannot be disclosed without your knowledge or that it’s in the best possible condi on before the season starts.
website:
consent – un l a er your death. If your lawyers are not off ering GaryBaverstock. Repair any problems ahead of me, because if you don’t, small
, , pp
g g
this service, please give us a call. Realtor issues can become big ones during a me of the year when it
might be harder to repair them. Do a fall audit to ensure that
email: Gary@ everything is in good working order and fi x anything that isn’t.
McSevney Ebben LLP | 708 Duke Street, Cambridge ON 519-653-3217 TheBaverstock Call Gary & Debbie - they will make you their TOP priority.
www.mcsevneylaw.com Team.ca
16 www.cambridgechamber.com
Fall 2018