A Money Coach in Canada

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Did your parents set you up with a savings account and ensure a portion of whatever money you received went into that account?

Did they ask you about your kid-sized goals (wishes) and let you know how much you’d need to save up for it, and encourage you in it?

Are you doing the same for your own children?

I cannot emphasize enough how being someone with savings changes you.  And ripples out positively into all aspects of your financial life.

In debt?  Be someone with savings, who saves.

Doing just fine? Be someone with savings, who saves.

Having a rough time financially? Be someone with savings, who saves.

Unemployed? Be someone with savings, who saves.

Have savings but keep plundering it?  Keep saving anyway until one day it clicks and works as you intended.

On a fixed income?  Be someone with savings, who saves.

Single mom?  Be someone with savings, who saves.

And make sure your kids know you are someone with savings, who saves.

Here’s why:

  • Having savings and being a saver assures you deep down there may be times of real struggle but you are never truly broke.
  • Having savings and being a saver embodies the truth that while you may owe others, you are never owned by them.
  • Having savings and being a saver is a freedom gesture from all the messaging intended to lure you into buying stuff.
  • Having savings and being a saver has a mysterious way of multiplying itself.
  • And in addition to that, from time to time it may save your ass.
  • More likely, it will allow you to achieve a financial goal that means something to you.

If you are ready to become a saver, and want some additional strategies and support, my $64 online program will help.  In fact, I’m going to be a bit aggressive and say if you are earning over $30K with no dependants, or over $50K with dependants, yet are not saving anything (living paycheque to paycheque) you *need* to check out my program.

If you’re Canadian, and choose to save with ING (which I recommend) quote this “orange key” 14641937S1 and if you contribute $100 we’ll each get $13 as a bonus.

update: for a recap of all Sept Money 101 posts, click here

Photo Credit: Letterror

OK friends,

I asked and you answered!

Top 9 quick, everyday tips to save you money:

#9:  Lose the landline.  Go cel only.  (Yes, I realize Commander Adama would have something to say about that.)

#8:  Use Groupon, already!  (but for heaven’s sake use your bacn e-mail!)

#7:  What.  You’re paying for e-books you download?  That’s so 2010.  Download them from your library instead, for free!

#6:  Spaghetti Jars — use your imaginations.  They could be vases (use a glass cutter to remove the rim), they could hold cotton balls, they could hold candles (fill part way with sand or pretty stones), they could be filled with cookies!  (orrrrrr…. co000okies)

#5  Clothing exchanges.  I haven’t done one in years, but despite being the heaviest person in the room (and I’m not that heavy) I used to walk out of them with at least one smokin’ hot outfit

#4  Geocache as a date instead of going to the movies|parking|popcorn|softdrinks|$$$

#3  Menu plan.  Menu plan.  Menu plan.   Classic and golden and I know when I do it, not only do I save money (proper food instead of last-minute-grabs at Shoppers, yes, it often comes to that for me) but I also find life less stressful when I’m not having to make hasty, pricey choices.   Bonus points for making extra of a meal to have as a late-getting-home-from-work supper.

#2  Coffee here, there, and everywhere as long as they’re made by you in your multiple bodums that you have everywhere you are – work, home, and yours truly has been known to take them to the library (shhhhh!)

#1  Plug in to regular, local deals like this.

photo credit:  Paul Swansen

Well I didn’t used to put it quite so baldly, but when I read this post Rewrite Your Old Stories and Move On I was reminded of advice I give to clients.

If you aren’t doing well with your money, or if you have an unhealthy relationship with it, you likely picked  a lot of it  up from your family of origin. It’s time to get new parents.

Look around you. Who do you know who has a few years on you, and is doing well for themselves financially?
Adopt them as new role models and seek opportunity to learn from them (or him or her). If you are comfortable enough, start having conversations with them about money. You could ask questions like:

  • What are the top three financial habits you think everyone should have?
  • If you could do one thing differently, what would you do?
  • What do you think makes the difference between people who struggle with money and those who thrive?

Those are reasonably non-threatening questions and if the conversation goes well, you could ask more meaningful or specific questions at a later time.

In addition to asking questions, observe them.  Not creepily, of course!

  • what are the cues to you that they are savvy with money?
  • What about the way they are with money do you aspire to?
  • What are the differences in how they behave with money and how you do?

Readers,  time to chime in!   I’m interested:  What have you learned about money (good things!) from people other than your family?  And what is the best thing about money you learned from your family?

OK – I’ll go first.   From non-bloodline “parents”  I learned how lovely it can be to be gracious with money.   And from my family, I learned the empowerment of creating an income from entrepreneurship instead of a job.   Over to you!

update: for a recap of all Sept Money 101 posts, click here

Prizes! I have a couple prizes! And some giveaways!

But let’s start with my first Thank You:

Thank You Lorraine!
Again, extreme thanks to Lorraine of Raincoaster Media. When she moved to Yellowknife from my home turf of Vancouver’s DTES, I knew the north had gained a treasure. What I didn’t know is what a treasure she’d be to me. She got me on as a regular contributor for a US-based blog that has, oh, about fourty times the traffic my own blog has. And then she got me onto The Bunker Project podcast, Show #53 which is one of Canada’s pre-eminent podcast shows with – gulp – listeners in excess of 100,000 did you say, Lorraine?
But more than that, she helped me take my concept from Nancy’s Kinda Goofy Idea into something real. As you can imagine, there were more than one Nancy-Freak-Out moments What do you mean Qik doesn’t archive?; No, no I really don’t think live-coaching is possible; CRAP I FORGOT TO BUY THE BOOZE!. Through it all, Lorraine was encouraging, creative, and my right-hand person.

More thanks forthcoming but now:

A PRIZE! for the Facebook Money Trivia Quiz!

The questions were:
1. Who are the bigger savers, Canadians or Americans (as of 2010)?
ANSWER: Americans! In a startling reversal of a long-held historic trend, Americans now save nearly double what Canadian’s save, per person. Canadians save less than 3% of their income; Americans save just over 6%

2. What is the fundamental difference between a credit union and a bank?
Credit unions are owned by their members; banks are owned by shareholders who may live anywhere and don’t necessarily use the bank.

3. How many modules are in my online money coaching program?
Go find out!

4. T/ F Jesus said “Money is the root of all evil”
False. It’s written in the book of Timothy, not at all attributed to Jesus, and it says The love of money [important distinction] is the root off all evil.

5. The touted ideal savings rate is 10%. How much do Canadians (or Americans) save as a percentage of their income?
See A to Q #2.

Congrats to April Smith who won the contest and won a gorgeous cushion with the word Abundance hand-sewn on – a cushion created exclusively for my online launch!

Thank you Bill, and Lee (and Devon and Nigel and …) of Kellett . They created Your Money by Design with care and enthusiasm above and beyond what I had any right to expect from a web developer. And Bill made it possible when it looked like it wasn’t. Gratitude to you!

Thank you to the people who participated – to Lowell-Ann (midlife/silver-collar career coach), Betty-Anne (coachee), Melanie (coachee) , Krsytal (tweet chat) and Marcy (tweet chat) . The day would have been monotone, and frankly impossible, without out. Thank you!

GIVEAWAY TIME to some 604 friends. My BFF Anita, of First Weekend Club graciously donated 5 pairs of tickets to the Vancouver Canada Screens Series – of your choice! Thanks, Anita!

I’d like to give them to some Vancouver friends who showed me particular luv, promoting my online launch party via FB, G+, Twitter, Blogs. I am truly grateful. I have 5 pairs so if I figured out correctly, the most wide-ranging luv came from:

Kate Trgovac

Julie Linkletter

Maggie Murray

Isabella Mori

Beatrice Scott

Winners, kindly “e” me at nancy [at] your money by design .com And I’ll forward your info to Anita to claim the pair of tickets.

Thank You to all who graciously promoted the event.
I felt so much support, and I can’t tell you what that means to me. You helped get the word out about my business, which is about helping folks with their money, so close to the bone. Karma to you! and to you, young and handsome who-knows-how-to-cook (any young women reading??) Kyle for the podcast in advance!
By conservative estimates, I’d say easily 10,000 people would have heard about the event through you all. What a start! THANK YOU.

PRIZE — $100 GIFT CERTIFICATE TO AMAZON STILL UP FOR GRABS!

To be entered for the prize leave a comment answering this question: What other ways to you recommend that I promote Your Money by Design without breaking my own bank?

A number of people gave me golden answers on my livestream yesterday (starting at the 4:45 min below) but I’m still looking for more! Leave a comment by midnight Monday, Sept 12th and you’ll be in the draw for the $100 gift certificate to Amazon.

In the draw so far: Mira, Amy, Megan, Joey, Paul, Kate, Gregg, Jason, Liz

Video streaming by Ustream

AND THE WINNER IS …  (via Random Generator)… MIRA!~!    Congrats, Mira, I’ll msg you on FB.

Photo Credit: woodleywonderworks

WOW.

What a day yesterday. What a day. Huge, massive props to raincoaster who took my concept and made it reality AND picked up the booze TO BOOT for the IRL part of the launch because I forgot the booze! More about her later.

So for those who missed it, here’s the after-after-party recap:

10:45 AM John Chow called me! as in JOHN CHOW WHO MAKES NORTH OF $40,000.00 PER MONTH OFF HIS BLOG called me!
Well technically I called him but he answered! Seriously – that was fun; thanks John! Here’s my conversation with him.

11:00 AM I jumped online with a livestream talk about why I’m so passionate about helping folks get a handle on their money via my business, Your Money by Design. There are micro reasons and macro reasons. Hear me get all on fire and a bit political here.

11:15 AM And then we hopped over to twitter (let’s connect there!) where 20-something Krystal, who paid off her student loan of $20K within 2 years, and now is a homeowner in Greater Vancouver and Marcy, a mortgage broker in GTO who helps women get mortgages because “Prince Charming is not a mortgage strategy”, had a ranging conversation with me about folks and their money. Other tweeps tweeted their thoughts too (holy. how’s that for alliteration. but don’t say it fast). You can replay it all on my CoverItLive post.

12:00 PM Live Coaching! Melanie and her wife Liz got married two years ago and they also have each been going back to school. They have student debt and want to balance paying that off with their goals of home ownership and having a family within the next five years. Watch the live-coaching replay here.

12:30 Then it was over to the Your Money by Design Facebook Fanpage for a money trivia contest.
The 5 questions were:

1. Who are the bigger savers, Canadians or Americans (as of 2010)?
2. What is the fundamental difference between a credit union and a bank?
3. How many modules are in my online money coaching program?
4. T/ F Jesus said “Money is the root of all evil”
5. The touted ideal savings rate is 10%. How much do Canadians (or Americans) save as a percentage of their income?

1:30 LUNCH! and Nancy Money-Coaches the Daschunds! (to little effect)

2:00 Livestream with Lowell Ann Fuglsang about how to handle being stuck in a job you hate because of the money. Listen to our thoughts here!

2:30 – 3:30 Then I riffed some further thoughts via live-blogging in response to some lovely testimonials from clients past and present provided:

Testimonial #1 (Thanks B&J!)
On feeling hope again about getting out of debt

Testimonial #2 (Thanks Karen!)
About pulling your head out of the sand about your money (I help the process feel safe!)

Testimonial #3 (Thanks Kathryn!)
Developing a healthy relationship with money

4:30 Livestream coaching again with a Yellowknife woman who is suddenly single. Previously, she did not attend to the money in their household. Now, she not only knows she needs to, but really is excited about taking control so that it empowers her life-purpose. (Note the stunning backdrop to our convo too!). Replay it here.

OUT OF BREATH YET? I sure was.

And then I realized I’d messed up! I had in my mind the IRL part of the launch was at 5:30 but OOPS I’d sent THE INVITE FOR 5pm! So my wonderful, fantastic northern friends were all patiently (told you they were wonderful) for me as I dashed back home to celebrate with some cupcakes and champagne (which Lorraine had to buy because I forgot that too!)
Nevertheless, it was really fun and kinda wild to be celebrating with friends here in my northern home, and livestreaming it, and catching texts from folks, and being joined on skype by friends in Australia and Vancouver (and Halifax but I missed that one, sigh!)

And then it was time to call it a day, and collapse into the illustrious Gold Range with a handful of friends for the best chinese food in town.

THANK YOU FOR A FANTASTIC ONLINE LAUNCH PARTY EVERYONE!

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