A Money Coach in Canada

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I can’t help but have my heart in my throat sometimes when I hear the statistics about people, especially in the States and Britain and especially Greece, who are facing structural financial difficulty. By that I mean: through no fault of their own, they are truly struggling to find work, or their currency has been devalued, or their net worth has plummeted because of the housing market or what have you.

It sounds horrible to say this, but while I’ve known for forever about these kinds of ongoing issues in other countries, like the former Eastern Bloc or Africa, it’s really sinking in at a visceral level now that it’s occurring right next door.

I’m a money coach. I help people manage the money they *do* have, not the money they *don’t* have. Nevertheless, I’d like to put together a series of blog posts for those who are facing particularly acute money struggles. I have some ideas – nothing mind-blowing, just a few topics I hope will prove gently encouraging – that I’d like to post about over the coming months.

Do you have ideas? If you are, or have been, or know someone who is facing serious financial struggle (either short term or long term) would you leave me a comment below? Feel free to use an alias and even a fake e-mail. I just want some REAL feedback.

Thanks,

Nancy

Photo Credit KuddlyTeddyBear

Huh. I’ve held onto one measly token share of Martha Stewart Living and after all these years, I just might see a return on my investment (or at least get my money back). Here’s an interesting fact: her magazines and TV shows all lose money, but is offset by all the licensing (ie. her brand name placed on products) they do. Just goes to show: personal brand IS everything!

A Toronto Condo sold for a record $28 Million. Guess Canada’s hit the world stage for reals now. (But I’m not sure I care for the lighting fixture, do you?)

The French Finance Minister, Christine Lagarde, announced she will be running for the top job in the IMF. (What is the IMF? More on that in the fall, but quick version: Essentially they keep an eye on economies around the world, lend money to countries who are floundering, and give advice).

And your daily cuppa will likely go up: Starbucks is paying a 17% increase for its bags of coffee.

What goes on in the House on the Hill is not ALL that different than what goes on in your house. It’s just writ large.
They negotiate, forge alliances on some things and will forever disagree on others and they HAVE A BUDGET.

If in your house, your partner or family member wasn’t fully forthcoming about the budget or how he or she spent your joint money, how would you feel?

This video (Thanks, Andrew Coyne) gave me a bit of an AHA moment – I hadn’t previously made such a direct comparison, but now that I think of it, it’s obvious. It’s 3 minutes to watch and don’t panic when he introduces himself. It’s accessible. Just keep doing the mental comparisons between your house and The House.

photo credit: Hafids

This is so far outside my scope of existence I almost don’t know what to make of it. Anyone ever lived in Africa? Anyway I was riveted. A bit of economics, a bit of sociology (bend down! the Chief wants some sauce with his rice!) and a whole lotta rhythm.

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