Financial Planning Insights and Money Mindset Resources
Browse practical financial planning articles and monthly newsletters that combine strategy and psychology to help you make clearer, more confident decisions with your money.
December is here, which means the holidays are just around the corner! Amidst the joy and excitement, it's easy to get caught up in a whirlwind of holiday spending that leaves you in debt and overdrawn. This year, why not create a more calm and mindful December by adopting some savvy spending habi...
In the vast landscape of personal finance, navigating without a guide can seem daunting. With the rise of social media, criticisms of financial planners echo loudly: high fees, underperformance, and charges even when losses occur. These concerns are legitimate and deserve attention.
Yet, amid...
As parents, we often wonder how to impart valuable lessons about money to our children. It's a complex question with no one-size-fits-all answer. Over the years, I've come to realize the importance of understanding our own Money Script – the story we tell ourselves about money – and how it shapes ...
In Canada, when looking for a Financial Planner, I would suggest finding someone who holds the Certified Financial Planner designation or CFP®. The CFP® designation is formal recognition of expertise in the areas of financial planning, estate planning, and retirement saving.  CFP® holders are requ...
Personally, I don't typically make New Year's Resolutions; I'm not really into the whole "new year, new me" idea. However, as the calendar transitions from one year to the next, I take some time to reflect. I review my spending and investment performance from the previous year, and I begin to cons...
Have you ever heard about lottery winners who quickly spend all their winnings or athletes earning millions but struggling to pay taxes? You might find it surprising, thinking, "If I had millions, I'd be set for life!" But would you really?
We all have financial comfort zones or a level of wealth w...
Have you ever found yourself in a situation that made you uncomfortable and wished you could move beyond the anxiety? Or witnessed someone in a situation that makes you uncomfortable, but they appear perfectly fine? Â
Let's take the example of standing at a cliff. We get anxious when we stand...
Financial Flashpoint is a term I learned when I was taking my MBA in Financial Psychology and Behavioural Finance. It is a term coined by one of my professors, Dr. Brad Klontz. (FYI, follow Dr. Brad on TikTok and YouTube, his posts are great!)
Financial Flashpoints are emotionally charged events th...
In the field of finance, the term “Behavioral Finance” has become increasingly popular. This area of study delves into the impact of psychological factors on the financial markets. However, it is just one part of a broader field called Financial Psychology.
Financial Psychology is a comprehensi...
No matter what kind of financial advisor you are - whether you’re a financial planner, accountant, mortgage lender - you encounter common challenges related to your clients’ behaviour. All advisors frequently encounter the following issues:Â
· Watching clients engage in financial behaviors th...