HP Solutions Inc., Financial Services in Sudbury Ontario. HP Solutions Inc., Financial Services in Sudbury Ontario HP Solutions Inc., Financial Services in Sudbury Ontario

Important Terms For Planning Your Financial Future


A cash needs analysis and income expenditure budgeting will show you the best way possible to manage your income more efficiently. Regardless of the amount of income earned, part of the earning will go for tax-payment, expenditure and what's left would be the savings. Thus, proper management of income is necessary when increasing cash flow. 

Cash Flow

To increase cash flow and monitor spending habits and expenses. Financial planning will help in determining what should be done to generate cash flow in order to make investing possible. Tax planning, careful budgeting and prudent spending are aspects that need attention to generate cash flow. This helps you because part of your cash can be preserved for long-term use.


To build a long-term capital-base and shape your financial future. Once there is an increase in cash flow, it means an increase in base capital base. This allows you to venture into a variety investments. With a strong capital base, you can develop a wider portfolio of investments. 


To identify investment opportunities relevant to your financial situation. Financial planning can help in evaluating the best investment opportunities. Good investment planning can turn goals and/or dreams into realities. Apart from picking the `right` investment, it shows how to allocate money among different type of investment. This can have a greater effect on investment success. 

Family Security

The good old days when a worker retired with a nice pension seem to be gone now. Today, people need to take charge and plan for their family's future security. How much income should you plan on needing for your family's financial security? When doing these projections, effects of inflation need to be considered also. This is where a financial planner can be of great help. 

Financial Understanding

Today, a person needs a whole new approach to budgeting in order to have control over your finances and live the lifestyle that they desire. It becomes obvious that financial understanding has been attained when measurable financial goals are set, the effect of each financial decision is understood and the financial situation is periodically evaluated. After this, financial planning is done as soon as possible setting realistic expectations. Ultimately this is when people begin to realize that they are fully in charge of their money. You can then evaluate the level of risk in an investment portfolio or adjust a retirement plan due to changing family circumstances if needed.

Standard of Living

The goal is to maintain your family's current standard of living. You can create both personal and family financial plans so that there are clearly defined goals or targets, and to make sure there is enough savings in order to get there. 


It used to be called saving for a rainy day. But sudden financial changes can still throw one off the track. An emergency fund for example might be ideal. It has to be always very liquid. It means that it should be very easy to convert into cash. Savings accounts at a bank or money market accounts are examples of investments with high liquidity. A systematic and organized saving and investment plan can be provided to fund children's education, secure a comfortable retirement and on top of that, be ready for any unexpected occurrences. 


In the process of accumulating assets, many people fail to realize that they usually comes with a liability. In order to determine the true worth of any asset, the liabilities need to be settled, or canceled. Only then can the true value of the assets be determined for your heirs. Without care and planning, assets can easily become an unwanted or unexpected financial burden instead of the benefit you intended.

Financial Security and Mastery

Our goal it to assist you and your family in attaining the ultimate objective...financial security. Financial planning will provide directions and meaning to your financial decisions. It allows an understanding of how financial decisions made can affect other areas of finances. By viewing each financial decision as part of a whole, the short and the long term effects on your life goals can be considered. This will help you adapt more easily to life changes and feel more secure financially, knowing that financial mastery has been achieved.

For more information, and to get started on the path to financial security, call HP Solutions Ltd., in Greater Sudbury, Ontario today. 705-222-2477



“I am impressed with your knowledge and sincerity in the financial industry. My wife and I feel very comfortable with your advice and guidance on financial matters”

B.M. Sudbury, Ontario