Winnipeg Free Press

Winnipeg Free Press (Newspaper) - January 7, 1990, Winnipeg, Manitoba U pm parking tickets pay them by phone 9479300 a division of com chef services limited Winnipeg free press january pages 920 Philip business editor Ford festival trouble free festival excellent car buy for City dear Phil in thinking of buying a new Ford festival and would like your opinion about the is there any other car in its Price Range i should consider buying new dear Selling for As Little As for the festive Fords Little Korea made festival is an excellent new car buy if you plan to drive in the it has been on the Market for the past several years and has received accolades for its High fuel Economy and trouble free perform the festival three door Hatch Back is a Mazda design adopted by Kia motors in a co venture with there Are three trim Levels l plus and the base engine is a four Cylinder hooked up to either a Standard four Speed manual transmission with overdrive or an optional three Speed the automatic Gearbox gives you Multi Point fuel injection and five additional the la offers a five Speed manual transmission with tilt steering rear window Power mirrors and upgraded for 1990 the festival gets a recalibrate engine and two new four other choices in the same Price Range you should consider Are the pm Subaru Justy and Suzuki d pro inexpensive to operate and excellent emergency Han con Lon term Outlook is Cloudy if one considers the Many poor Quality problems that cropped up after two years in other South korean made vehicles As evidenced by the Hyundai Model a 1988 festival provided average Protection for the Driver Dummy and fairly Good Protection for the Passen Ger Dummy in the governments 57 Kph Barrier crash no air bags Are d Road performance pro with a manual transmission the car is Peppy and comfortable for Short City smooth shifting four Speed lightweight construction allows the Small engine to propel the car to 60 Mph within 10 seconds top in its Good con slight hesitation during acceleration or in cold the automatic transmission robs the festival of much needed Nar Small tires limit High Speed d Leonaid Phil Edmonston pro the festival Short Overall relatively Long wheelbase and extra height allow four six footers to travel in engine is relatively quiet for such a Small excellent heating and Sentila spartan but Well Laid out con excessive Road uncomfortable rear add dear Phil after Reading your last column about cars that Arent crash in concerned about the safety of my Ford Bronco ii and Nissan what about these two vehicles Are they unsafe dear the Nissan pickup is definitely unsafe in a lows peed frontal in 57 Kph 35 Mph crash tests carried out by the United states department of an Nissan pickup failed to protect the Driver or front seat passenger from fatal to be i should Point out that most pickups and other multipurpose vehicles do poorly in crash the Ford Bronco ii Hast been crash tested so i cant Tell you if it would protect you consumer reports Magazine has singled out the Bronco ii for an unacceptable rating be cause of the Broncos tendency to suddenly Roll Over when cornering once i have to add that this is a common characteristic of All 4x4 vehicles the Suzuki Samurai had been targeted earlier for the same free recall repairs 1984s9 Audi 5000 Turbo and 1987 Audi 200 fuel injector seals May Harden due to High temperature or alcohol in some allowing fuel to escape in the engine compartment with a risk of the dealer will replace the Oil injector seals with improved seals at no Cost to the vehicles readers May Send injuries to Phil Box place do fast facts tax trends m a managing your the proposed new get will replace the declining How taxes have changed As a percentage of government Revenue 43 other 1972 1982 1988 source Ca Magazine liquid assets Cash chequing Short term tills Market value total liquid assets investment assets term Mutual rental other Market value total investment assets retirement assets employer a pops Market value total investment assets business assets business business investments Market value total business assets personal assets other Market value total personal assets total assets Short term obligations due within 12 months personal life insurance description current balance interest interest rate total Short Erm liabilities Long term obligations personal Loans description current balance interest interest rate total Long term liabilities total Libil ties 100 50 by Paul Samyn i w Hen Forbes sets out each year to compile its filthy Rich its chroniclers must common sense to figure who got what of those of us who dont make More than Lesotho Are Able to calculate our net Worth far More but while we can easily pinpoint our value to within i few financial planner Greg Beaton says few of us actually take the time to sit Down and put a Price on our Bead i and he says that a shame because assessing your Ai Buji Art listing your liabilities is an easy Way to get your Han soil a wealth of a if a person can write a then they should be Abw b do a net Worth says Beaton of investors its your initial measuring stick to assist you Tat a Obj Jenl gives you something to aim says Jim a chartered accountant with Coopers Lybrand Ltd taking Stock of your assets and liabilities is a Standard v procedure for All financial and As Beaton it not really All that different from what companies do annually in their balance sheets that set out a its basically the same As what every big corporation Datt and were saying to you that you should do one for you sett focusing on the Good stuff Beaton says you can Start taking this financial by focusing on the Good everything you own v1 when you Are adding up your Beaton Yap try fooling with your be he under represent rather than inflate to satisfy your mind putting a value on your Money sitting in Bajic registered retirement savings term deposits or guaranteed investment certificates should to As straightforward As your most recent the Vahai of any stocks or Mutual funds also requires Only in the business Section of the also of wept any savings components to your life in ii inc a lira to find out exactly what your pension is the rest of your stuff May require soon Cam hard he for your jewellery May be appraised but he says if you were to sell it you might Only aet As he says you should ask yourself if Yoav would Ever really want to part with your wedding a Quick Check of the classified ads will give you a or idea of what your appliances and recreational equipment is and unless your car is a it depreciates each year starting at about spar cent the moment you drive it off the Beaton for the House represents the biggest single chunk of their David president of Premier securities says a Good Way to get an idea of what your Home is Worth is to Call up real estate agent and ask for a free Market once youve gone through your House and financial i portfolio from top to you should classify them according to their Beaton the first category should include those assets like your savings accounts which you can get your hands on a a moments he says a Standard rules thumb Ami to have in Short term Reserve is two to three months of your Gross salary although be feels that May be somewhat the next category should represent your growth assets such As your House or they Are the things that youre using to build Tor v the final category should list those assets that an deprecating which is probably most everything Eit Jav christ1anson prefers slightly different categories which Are included in the statement accompanying this of the Tough part in this whole exercise comas when you add up your liabilities everything that Yoa when putting Down your Christianson you list them opposite any assets they affect and sure to include tiie interest rate for if you borrowed Money to buy a Mutual v put that loan opposite the value of that Mutual of Mot in doing you can see if the interest you Are paying tax he Christianson also says you should classify your into those that Are Short term due within it As credit card charges and longer term of Lighons when youve finished this fiscal liability total from your assets and that will be your net Worth hopefully a figure thai Pipit we to As Christianson theres not much you can Short term with that number other than use it to Traft ppr financial Progress Over the the immediate value of the net Worth statement is financial snapshot it gives he for if you have set Early retirement at a an you Nave most of your assets tied up in the fat Avult category you May have to either postpone that some Quick rearranging of your be agriculture says you can also get a Good lip of How Wise it would be to take on additional she studies say if your debt Load is 15 per cent or less of your disposable personal it should be a Safe pm for it in inf Pete Wietz at 26 per cent or More you could be looking at ;