A Money Coach in Canada

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Ain’t life funny. You think you know where you’re headed then out of the blue: KABLAAM! Life takes an unexpected turn. This can be painful (as in the loss of a love. been there.) or it can be exhilarating. I just experienced the best of this.

For the past five years I’ve been slowly but surely building Your Money by Design, my money coaching business. There was one inherent difficulty: by definition a money coach can’t be broke, and starting a business puts crazy demands on your bank account. Since living out of my car was not an option, in the middle of year 2, I decided to work part-time both to keep my daschunds in the manner to which they were accustomed (I was happy on beans and pork, but the hounds insist on top grade meat) and to practice what I preach – RRSPs, insurance etc.

Things were going swimmingly but what I didn’t expect was this. My part-time job captured my imagination. Citizens Bank of Canada is a rocking bank. (mostly. it’s flawed like all of us with good intentions. but mostly.). So much so that I started promoting them (totally for free, and unsolicited) in my own business. Trust me: I wouldn’t jeopardize my business for the world, so putting their name on my own products means they’re the genuine article.

Here’s what I love about it:

  1. It’s online, and was before ING came to Canada. Why? Carbon footprint, baby. Green.
  2. It offers the same, often better (not every single day) rates as all the others do, like ING, CIBC’s President’s Choice etc (and their chequing account gives 2.4%. No minimum balance. Ever heard of that before?)
  3. Mostly I’m a fan because of this: It’s not accountable for generating profits for shareholders around the world. It’s owned by VanCity credit union. This means it’s all about triple bottom line People. Planet. Profit.

And then the unexpected happened. I got my dream job offer. I get to mess around online for them (in geek speak “participate in conversation”). I get to meet people who I’m pretty sure would opt out of the Big Banks and move to us if they knew about us: think poli sci classes, community development people, other Canadians who want to do business with people who care about more than purely grabbing cash. In short, I’m now formally the bank’s evangelist.

What does this mean for YMbD? It’s still my baby, but maybe now a pre-teen: enough of its own life not to require my every waking moment. So I’m going to give it a little space, and focus my next six months on a really, really fun gig.

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About the Author


Imagine if Canadians were known for being all over their money. Engaged. Proactive. Getting out of debt. Savvy. Saving. Generous. Nancy wants to help. Nancy started her own journey with money over 15 years ago, and formed her company “Your Money by Design” in 2004 to help others along the same path. It’s not the usual financial advising/investment stuff. It’s about taking control of day-to-day finances –managing monthly cashflow effectively, spending appropriately, getting out of debt, saving. If you're ready to take control over your finances, pop by her business site, YourMoneybyDesign.com

12 Comments

  1. OHHH!!! Congrats!!! 🙂 That’s awesome, I’m so proud of you.

    I often thought about joining a credit union, but in the end opted for PC Financial. So far, I’ve had nothing but great things to say about them, but I will definitely keep Citizens Bank in mind if PC ever does something to piss me off. 🙂

    [Reply]

    Mar 10, 2008
  2. Wow! That is great news Nancy! Dream jobs don’t come along often do they, so good for you for jumping at this opportunity. Best of luck with it all!

    [Reply]

    Mar 10, 2008
  3. That is personal praxis! Congrats! Good to know that it came from the heart first and you believe it!

    [Reply]

    Mar 10, 2008
  4. Congrats Nancy! Everyone should always be aspiring to find their dream job. I’m stoked you found something you are passionate about! Again congrats!

    [Reply]

    Mar 10, 2008
  5. oh boy that sounds so EXCITING! so cool! congratulations!!!

    [Reply]

    Mar 10, 2008
  6. Congrats on this! What a huge accomplishment. I hope you keep us up to date on your progress in both worlds.

    [Reply]

    Mar 11, 2008
  7. @krystal – tx! and I’ve been meaning to give you a shoutout: I have about 2500 unique visitors a month (I know in the blogosphere that’s not huge, but I’m incredulous) and you know who is the biggest referrer after direct or google? YOU! I just found that out a couple weeks ago. I’ll give you some love sometime soon. And PC gets a lot of rave reviews. Hope they don’t piss you off, but if it comes to it, we’d love to have you with us at CB.
    @WoolyWoman @Mariam and @Isabella – yeah, I’m pretty happy. Thanks for the good wishes … and I hope that if CB starts a blog (I’m hopin’) you drop by there too.

    [Reply]

    Mar 11, 2008
  8. Congrats! I love CB and probably already work for them, just in an… unpaid way since I plug them on my sites quite frequently.

    [Reply]

    Mar 11, 2008
  9. Congratulations 🙂 The dream job thing makes getting up in the morning so much easier, doesn’t it??

    [Reply]

    Mar 11, 2008
  10. @Peter – lol – keep that up, and you may have a similar experience as I did! (and seriously, I know you do plug CB. I think we owe you a latte or 2. If you’re ever in the downtown area, say the word.)
    @CanadianSaver @Brad @Rhonalala — to the best of my knowledge, we each get one go at life. So yeah, I’m pretty happy when I’m doing stuff that is meaningful.

    [Reply]

    Mar 11, 2008
  11. Congrats!

    (Belatedly)

    http://krupo.ca/archive/2008/03/08/big-canadian-banks-why-do-your-interest-rates-suck-so-hard.aspx

    I’ll need you to leave comments there when you have kickass interest rates to share. 🙂

    [Reply]

    Mar 17, 2008

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