Steadyhand Investment Funds has released a must-watch three-part video series featuring our own Steve Bridge, CFP®.
In these videos, Steve offers practical advice and clear explanations to help Canadians confidently navigate retirement income planning — from understanding account conversions to mastering withdrawal strategies and overcoming the emotional hurdles of spending. Continue reading
Appointing an executor for your estate shouldn’t be stressful, but it does require thoughtful consideration. To begin you should understand what the executor will be called upon to do.
As you would expect, your executor’s job is to see to it that the instructions outlined in your Will are carried out. To do so, he or she will be required to deal with courts, financial institutions, your beneficiaries and more, depending on the complexity of your estate. In simple situations this may take as little as a few months, but more commonly the process can take from 12-18 months. Continue reading
By Karin Mizgala, Co-Founder and CEO Money Coaches Canada
If there is anything that we have taken to heart over the past few years – and especially over the last couple months – it is that our world can be turned upside down when we least expect it and in ways we could not have imagined.
We need to be financially prepared, and mindful spending and intentional saving are paramount.
Do you have a solid system to manage your cash flow?
If so, great!
If not, it’s time to set one up. There is probably no single action you can take that will have a greater impact on your long-term financial well-being than taking control of your spending and saving. Continue reading
By Sheila Walkington, Co-Founder and CFO
There’s a LOT going on in the world right now, and much of it is out of the control of the average person. At times like this, it can be useful – vital even! – to take a breath and focus on what IS within your control to create a fulfilling, happy life.
Money does not buy happiness. You’ve heard that before. Many studies of happiness have shown that relationships, a positive attitude, working towards goals and helping others, are at the core. Even exercise and pet ownership are considered contributing factors. How much money is in your bank account doesn’t even make the list.
On the other hand, constant struggle and worry about money can certainly rob you of happiness. Luckily, whether or not you struggle with money has less to do with how much you have and much more to do with your mindset. That’s why being a Money Coach brings me so much happiness. I have the opportunity to help people overcome their money struggles and gain mastery over their finances.
I also have the opportunity to dispel the misconception that money mastery is synonymous with giving up all the fun stuff you enjoy and thinking only of a distant retirement or being prepared for a “rainy day.” As a Money Coach, I don’t set your priorities; I help you determine what matters most to you. The approach Money Coaches Canada, co-founder Karin Mizgala and I developed in our book Unstuck, is focused on the concepts: Dream, Plan, Live. Continue reading
If the thought of tax season makes you squirm, you’re not alone, but being prepared, filing on time and knowing what you can deduct will help you get the job done with more left over in your pocket.
As usual, this year’s income tax filing deadline is April 30th for most individuals. If you’re self-employed you have until June 15th to file (June 16th this year since the 15th falls on a Sunday), but any amounts owing to Canada Revenue Agency (CRA) are still due by April 30th.
While a couple of months would seem like plenty of time, the natural tendency to put off unpleasant tasks can leave you in a last-minute scramble to find receipts for children’s activities, medical expenses or other deductible expenses. A lot of tax time stress comes from a time crunch that is avoidable.
If you break the process down into manageable chunks, when it comes time to deliver your documents to your accountant or sit down to file from your computer, you will feel calmer and more organized.
Here are 5 tax filing tips to save you time and money:
Continue reading
The current political climate, both domestic and international, is causing many Canadians to feel stressed and uncertain about their jobs, finances, purchases, travel… broadly speaking, their way of life and prospects for the future. A few of our clients have asked their coaches, “What should we do to deal with what’s going on in the world?”
To our clients, first of all know that you are working with an experienced financial professional who is on your side and works with your best interests at heart. When we say we’re here to help take the worry out of money, we mean it! Continue reading
By Karin Mizgala, Co-Founder and CEO Money Coaches Canada
It’s not uncommon for folks approaching retirement to think that retirement planning is finally behind them. They’ve put in the years of saving and investing; now it’s time to Google hotels in Santorini, Greece, right? Well, it is… and it isn’t! There are many decisions about your savings and investments that you need to make to ensure that you can kick back and enjoy retirement. Continue reading
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
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.
