Black Girl Magic
by Myrtho Clermont
Am I saving enough to retire comfortably?
by Natalie Grignon
by Myrtho Clermont
The month of February is already drawing to a close and the magazine cannot overlook Black History Month. Thus, SABLE decided to orchestrate its own homage to the black woman for the last issue of the month with a fashion editorial dedicated to #BlackGirlMagic. This hashtag is certainly not unfamiliar to you, as many use it in their daily vocab to describe the strength, courage, excellence, and beauty of the modern black woman. It is then our turn to make you experience the rich connotation of this iconic hashtag. This editorial fuses the work of a creative team and business collaborators from the local black community. We thus present you #BLACKGIRLMAGIC, the #powerful, #beautiful, #caring and #sexy woman.
by Natalie Grignon
More and more baby boomers are asking that question as they head toward retirement. The rule of thumb is that you will need about 70% of your pre-retirement income. But today retirement is measured in decades, not years. So the biggest cash flow drain for many retirees may not be an extravagant lifestyle but their own healthy longevity.
WILL I BE READY?
- Six out of ten Canadians feel they have not saved enough to comfortably retire.*
- Almost 60 percent of those near retirement (55-64 years of age), and a little over 40 percent of those aged 65+ feel they have not put enough money aside.*
*“Majority of Canadians Feel They Can’t Afford to Retire,” Conference Board of Canada, October 2014.
Achieving financial independence and enjoying a comfortable retirement depends on your ability to set money aside today for tomorrow – while establishing a sound and disciplined program to ensure that your investments grow. When managed properly, the tax-sheltered advantage of a Registered Retirement Savings Plan can result in growth superior to that of a non-registered account.
The maximum contribution limit for 2017 is $26,010. However, if you did not use all of your RRSP deduction limit for the years 1991-2016, you can carry forward unused contributions to 2017. Therefore, your RRSP deduction limit for 2017 may be more than $26,010.
Deadline for 2017 contributions is March 1, 2018.
You may contact Ms. Grignon today for a complimentary review of your retirement plan.
Associate Wealth Manager
Raymond James Ltd.
by Marie-Christine Jeanty
Women represent 42.8% of business owners (Quebec Entrepreneurship Index 2017). Starting a business contains its share of unknown and pitfalls. This edition of SABLE presents the advice of Tracy Perrault of Baiser Velouté, Ingrid Agbato of Coo-Mon Accessoires et Culture and Nancy Jean of Rose Bonbon Services. These three dynamic and determined women made the big jump less than 5 years ago: left the comfort of their 9 to 5 to pursue the entrepreneurial passion and let their creativity guide them in their respective domains.
Tracy Perrault is the owner of Baiser Velouté, a company that first specialized in selling cupcakes, from which the services have evolved with the aim of filling most richly the needs of its clientele by the constant striving for innovation. Tracy learned too late the existence of the Self-Employment Support Measure*. It is a program that provides financial and technical assistance in support of people wanting to go into business to ensure the good starting up of their company. “Unfortunately, when I knew of it, I had not only launched my business but had already quit my 9 to 5! #toolate”.
She experienced a roller-coaster ride of emotions, but also the constant sense doubt which drove her. Finally, she would like to have known that “we do not get rich until several years later”, and that it is necessary to have enough money saved to earn a living because an entrepreneur can rarely receive an adequate salary in the first years.
Ingrid Agbato owns Coo-Mon Accessoires et Cultures that produces casual-chic fashion inspired by the diverse continents and colors of the world, caters to clients with a thirst for discovery and openness to other cultures.
Ingrid begins by telling of her years in business. “In the beginning, I answered the solicitations that promised visibility. Event planners who, to gather the rental cost of their room, in my opinion, created spaces for exhibitors without worrying about attracting visitors; or new bloggers in search of visibility, who wanted free products of which they would speak to a public, which at that moment, was close to non-existent.” She highlights the necessity of working hard, but in a smart way, for the body does not always follow.
She ends with these words: “I began with a beautiful amount written on paper, but the whole of which was not in my bank account. One of my first disappointments in business was not to have obtained the allowance of the Self-Employment Support Measure”, that Tracy talked about. She didn’t believe she would be able to make it but understood, after reading the free guide by Julien Brault “Lancer un start-up en 7 jours avec 700$” (transl.: Starting a startup in 7 days with $700) and “The Power of Broke” by Daymond John, that everything is a question of strategy.
Owner of Services Rose Bonbon, the name says it all, the company specializes in floral arrangements and candied bars adapted to a diverse number of occasions, all to please the imagination of her most demanding customers.
Nancy goes headfirst into the money issue: “A working capital. You know about that? I must say that circumstances made me go into business without really knowing what I was doing financially. Without savings, I didn’t have emergency funds but moreover, necessary spending power. Take the time to set money aside for dead periods and hire a good accountant. Seems obvious, but it’s essential.”
She then insists on the importance of having a mentor and adds her regret of not having one earlier, out of fear. She joins Ingrid with her last advice: “It’s okay to say NO. You don’t go into business to do volunteer work and gifting at your expense. Visibility is much easier with social media, so take advantage of it. Don’t sell yourself short”.
To venture in business is a huge challenge, as you may have noticed from these three testimonies. It also require a rigorous financial planning and thorough knowledge of available resources for new entrepreneurs. It is an adventure that oftentimes may bring us to doubt our decision but one thing is definitely essential – know and believe in the value of your product or service, especially when you’ll be asked for a quote.
by Emilie Jean-Baptiste
Colors are back and things grow back to life: leaves on trees, field flowers, but for us as well — at least when it comes to our skin. That’s when it leaves its long cold months of hibernation behind and softly lets the first rays of spring warmth give it a lively boost. We’re now looking for radiance after the damage brought from the cold, and nothing achieves it better than good skin hydration.
Here are great picks to kick off your skin radiance this spring!
|Cerave Moisturizing Lotion, 355ml
With this product, your skin will keep its moisture all day long. The formula, light, doesn’t clog pores is recognized by Canadian dermatologists. ($15.99)
|Covergirl Clean Matte BB Cream, 30ml
Oil-less cream that hides those little imperfections in no-time while leaving a clean matte finish. Perfect for when needing to keep it fresh from 9 to 5. Available from light to mid-dark. ($8.00)
|Clinique – Dramatically Difference Moisturizing Lotion, 125mL
Classic hydrating lotion that is quickly absorbed by your skin. An unexpensive must for youthful-looking and long-lasting hydration. ($35)
|Aveeno lotion apaisante quotidienne, 354ml
Got sensitive skin? Your skin will find rescuing thanks to this one! Oat and shea butter based, this daily moisturizer promises to soothe and relieve. Also… has no fragrance.($14.49)
|Bobbi Brown Vitamin-enriched face base, 50ml
Rich in vitamins C & E and shea butter, this non-oily and light cream from Bobbi Brown softens and penetrate well into your skin. Perfect for normal, oily and mature skins. Simply put, beauty icon Bobbi Brown offers us exactly what our skin needs for spring radiance ($ 75)
|Dr. Andrew Weil for Origins – Mega-Bright SPF 30 Skintone Correcting Oil-Free Moisturizer Broad Spectrum SPF 30, 50ml
Give a dull-looking skin life all offering the hydration and protection against UV rays. This formula is paraben, sulfate and phthalate free formula. When nature and science meet… ($67)
SABLE… in the city
As women, mothers, sisters, and friend… we must set a good path for the generations to come, because every day, no matter what we do, it adds a brick to that road for them, whether smooth, pitted, or embossed, we all contribute. And, it’s been proven that positive communication and representation matters. So now more than ever, and with the many resources we have at our disposal, can we use our voice, our projects, our businesses, our art, to also lay that road right. Beauty is, indeed, in the eye of the beholder – but isn’t our consideration of beauty often “pre-established”? It is thus important to help understand beauty and what we base ourselves on, in order to cherish it. From February 20 to 24, the Gallery 2456 (2456 Beaubien St, Montreal) is hosting the exhibition “La couleur de la beauté & 30 nuances d’acajou” to celebrate that #blackgirlmagic – the aura we emanate that oozes as much beauty as strength. Hope you all get to catch it and support local arts!
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