There is still a lot of confusion around what a Financial Planner – never mind a Money Coach! – does, what kind of people work with a planner, and how might those clients benefit from the ongoing relationship and advice received.
Years ago, shortly after I started working as a Financial Planner, a neighbour asked me what I did for a living. When he learned I was a Financial Planner, his immediate response was “I wish I had money to invest. When I do, I’ll give you a call.”
We are thrilled to introduce our newest Money Coach and Financial Planner, Jodie L Stauffer, CFP®, who joined us in December 2024.
Jodie has built her financial knowledge for over 25 years in a variety of professional roles, with experience in mortgages, insurance, and investments, and as a traditional financial advisor.
In addition, her life experience as a businesswoman, a mother of 3 daughters and a wife, and a woman living with ADHD means she truly understands the pressure and stress her clients often face in their daily lives and can help them navigate complex and difficult financial choices.
Jodie is passionate about what she loves, which includes building long-term relationships with her clients so she can help them make the most of their resources to create the life they want.
Welcome aboard Jodie!!
At this time of year the topic of getting through the holidays without financial stress invariably comes up. In a recent BMO holiday spending survey, over half (54%) said thinking about holiday spending causes financial anxiety.
After enduring several years of relatively high inflation and interest rates, 79% plan to cut back on spending during the holiday season. On average, survey respondents plan to spend $519 on holiday gifts and $1,991 when you include holiday travel, entertainment, and other expenses, though 21% are not confident they will pay off their holiday bills on time.
Here are 4 tips to help you avoid the post-holiday hangover: Continue reading
In our last post, we made a bold claim: investing in advice-only financial planning may be the best investment you’ll ever make.
As Canada’s leading provider of advice-only financial planning and money coaching, Money Coaches Canada and our associates go above and beyond to help you reach your goals. Every day, we deliver the clarity that comes from comprehensive financial planning and the peace of mind of having a money coach by your side to guide you along your financial journey. Continue reading
When someone asks me what I do and I tell them I’m a financial planner, it’s not uncommon to see their guard immediately go up just a little bit. They often assume there’s a sales pitch coming.
This perception of financial “advisors” as salespeople isn’t without some basis in reality. In Canada, the vast majority of financial advice is tied to product sales of one kind or another. This can introduce a conflict of interest and make one wonder: is this advice best for me, or is it best for the advisor?
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Most people who start a business don’t do it for the sole purpose of making money. There are usually much easier ways to earn a living than to build a business.
At the risk of sounding mystical, it’s more often a “soul purpose” that creates the energy behind entrepreneurial success. People who start businesses are passionate about what they do. But here’s the thing: the people who stay in business, the people who thrive and grow, are also practical about what they can and can’t do.
They know that even if they don’t feel comfortable in the world of profits and losses, debts, taxes, budgets and succession planning, learning how to take control of their money and having a financial plan in place will make them more successful – and allow them to continue doing what they love.
Here are the top five money challenges you’ll face as a small business owner: Continue reading
One of my favourite parts of my work is helping our clients define their goals. Some goals are common, like buying a home or saving for a child’s education, and others can be more surprising, like taking a year-long sabbatical, starting a new business, or retiring to a different country. Digging into these goals, finding out where they came from and why they’re important, is a daily source of inspiration for me. Continue reading
By Sandra Mann, CPA, CGA, QAFP®
With 10 years to retirement, your daydreams may be turning to a morning latte on your deck, instead of a tepid coffee on your commute. But before you buy that Life Begins at Retirement bumper sticker and toss out your alarm clock, you have some work to do. It’s imperative that the financial decisions you make in this last decade before retirement are forward focussed and carefully planned.
Here are 5 things you must do now to ensure a smooth transition into the next chapter of your life. Continue reading
In May, the Money Coaches Canada team came together from across the country for our annual National Conference. This year we had the pleasure of gathering in Vancouver, BC, and our theme for this conference was Building Stronger Connections.
We chose this theme because we recognize how important connection is in our own lives and in the lives of the clients we serve. Whether with respect to our most important goals and deeply-held values, our friends, family, or colleagues, or in our professional network, strong connections are what allow us to cultivate richer relationships. Continue reading
It has been a long road, but you have finally… FINALLY paid off your mortgage. Congratulations!! Your home is now truly yours.
Given the marked rise in interest rates over the last two years with a related rise in mortgage payments – in the last quarter of 2023, CMHC reported average monthly payments for new mortgages of $2,143 Canada-wide, with high priced regions seeing averages of over $2,900 – there’s a good chance that you’re freeing up a very sizeable chunk of cash every month which can now be put to other uses. Continue reading
A revolutionary step-by-step money management system where you will learn how to:
Combining practical financial tools, tips and resources with insights into the emotional and psychological challenges of today's money culture, this thought-provoking book will help you bring more joy and ease into your financial life.
