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Why I became a Money Coach

Posted on: September 28, 2011

Sheila Walkington Money Coach Vancouver BCBy Sheila Walkington

I worked for many years in banking and as a traditional financial planner helping clients with their investments and retirement plans.  While I enjoyed this work, I saw that many of my clients were struggling with debt and how to manage their day to day cash flow. I was also increasingly uncomfortable with a compensation model that was largely dependent on selling mutual funds and insurance to my clients.

I realized that I needed to come up with a new model of providing and being paid for providing financial guidance and advice.  So in February 2004, I became a fee-only Money Coach, a profession that was so new, CBC Radio interviewed me as one of the first Money Coaches in Canada. Continue reading →

Posted in Money Coaching


The last taboo

Posted on: September 21, 2011

Karin Mizgala Money Coach Salt Spring Island BCBy Karin Mizgala

Money usually shows up tops on the list of marital stresses. Financial issues are cited as one of the biggest causes of divorce. What we earn is rarely discussed in “polite company” and most people find negotiating salaries stressful.

Curiously most of us are more comfortable talking about sex than money. Surely sex would seem to be a touchier topic than money? Continue reading →

Posted in Relationship to money


Why is it so hard to save?

Posted on: September 14, 2011

Karin Mizgala Money Coach Salt Spring Island BCBy Karin Mizgala

A recent survey done by ING Direct, the Canadian subsidiary of the Dutch online bank, found that 41% of Canadians said that saving a small amount per week would make them happier and help them reach their most important goal – paying off debt.  However very few Canadians are actually setting the money aside.  36% said that they don’t save any money on an annual basis and 54% said they live pay cheque to pay cheque. Continue reading →

Posted in Budgeting and Cash Flow, Relationship to money


Podcast – What do we do with our investments in this volatile investment market?

Posted on: August 4, 2011

If you are wondering what you should be doing with your investment portfolio in these volatile times, this podcast will be a huge help.

Listen to our Let’s Talk Money Podcast to find out what you need to know.

Investing in Volatile Times Podcast

Featuring Karey Irwin, CFP, Investment Funds Advisor with Leith Wheeler Investment Funds.

For more information or questions, you can reach Karey at www.LeithWheeler.com

Posted in Investing, Podcasts


Stay in the black, don’t get the holiday blues

Posted on: July 21, 2011

Stay in the Black Don't Get the Holiday BluesThere’s nothing that obliterates happy vacation memories faster than a holiday spending hangover. And it’s all too easy to overspend.

There are countless ways we justify our overspending on holidays:  “It’s the only time I’ll ever be here in my life, I deserve this, I’ll never find this to buy at home.”

We know, we’ve used those excuses ourselves and we hear them from our clients.

To help you avoid that holiday hangover, we’re sharing our top tips to help keep spending under control. Continue reading →

Posted in Budgeting and Cash Flow, Relationship to money


Podcast – Are your beliefs around money holding you back?

Posted on: June 23, 2011

Money doesn’t grow on trees.  Money equals power and success.

It’s easier to spend than save money. There is a limit to how much I can earn.

What ideas shape your relationship with money? Explore what you believe about it and how to change those beliefs.

Listen to our Let’s Talk Money Podcast to hear the how we develop and reinforce our beliefs around money – and how to change them.

Beliefs around Money Podcast

with special guest Krysta Chapman, Mindset Coach and Change Strategist with Drop In the Pond..

Posted in Podcasts, Relationship to money


Changes to CPP – What do they mean to you?

Posted on: June 20, 2011

Nest EggClients retiring early have always asked if they should start taking their Canada Pension Plan before they turn 65, but the changes to CPP have added a few more wrinkles to making that decision.

There are several changes but what stands out is the one that reduces CPP even more for people who opt to take it earlier. That creates a dilemma. Do you take the money and run? Or do you hold out until you’re 65 when your Canada pension payments will be higher? Continue reading →

Posted in Budgeting and Cash Flow, Relationship to money


Should Prince Charming come with a prenup?

Posted on: May 20, 2011

Prenuptial Agreement

We’ll spend hours agonizing over the perfect dress, endlessly debate menus, venues, flower arrangements and all the other elements that go into the big day and yet discussing money often doesn’t make the agenda? But it really should be near the top because it’s an issue that outlasts the honeymoon.

Prenuptial agreements used to be just for the rich and famous but an increasing number of brides and grooms are signing prenups. There are many and varied reasons people opt for prenups, including children from a previous marriage, business ownership, estate planning, one partner bringing in considerable debt or conversely, bringing in considerable assets. Prenups or cohabitation agreements as they are sometimes called may also be a good idea if you plan to live together even if you don’t plan to marry.  A family lawyer can advise you on what’s best for your particular circumstances. Continue reading →

Posted in Budgeting and Cash Flow, Relationship to money


Podcast – Considering a divorce? What you need to know now

Posted on: May 3, 2011

Whether you are transitioning through divorce or just thinking about the possibility, it’s important to know your rights and responsibilities as soon as possible.

Listen to our Let’s Talk Money Podcast to hear the most important things every woman should know before making decisions that could be financially and emotionally devasting.

Considering a Divorce Podcast

with special guest Sheila Keet, a family law lawyer who specializes in collaborative divorce.

Posted in Podcasts, Relationship to money


How can a title thief steal a home?

Posted on: April 21, 2011

Well, they don’t cart your home away instead title thieves effectively take control by registering a false sale and taking out a large mortgage against the property. Such fraudulent transactions happen without the homeowner even knowing it. Title thieves like to target properties that are mortgage free.

That was the case with a Richmond pensioner. A few years ago someone impersonating him registered the sale of his property with the land title office and took a $400,000 mortgage out against the previously mortgage-free home. Continue reading →

Posted in Debt


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