A Money Coach in Canada

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This week isn’t so much a specific case study, as a topic I encounter regularly. We receive a lot of messages in our culture to ‘find and follow your passion’. There’s even a book titled, “Do what you love, and the money will follow”. I, like many, find the title tremendously appealing.

Here’s the other side of the coin. I’ve met with numerous individuals who are pursuing their passion, but have nothing, or extremely little, in any kind of nest egg (and we’re talking 40-50 age demographic here, not 20-something kids), and who are not particularly moving forward financially.wallet

At what point do you think it’s worth pulling back from your passion, in order to bulk up your bank account and fatten your wallet?

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

6 Comments

  1. There is no right time to ‘pull back from your passion’. Whatever you are doing, be someone who pursues your passion.

    Inspirational leaders teach that and the fulfillment of our dreams and passions is our birth-right (Ghandi, Mother Teresa, Oprah, Rhonda Byrne, Jack Canfield, Landmark Education). I agree. Mine includes financial prosperity, so I declare that and be that and I have created powerful structures for accountability (we also laugh and play a lot – if we’re not having fun, what’s the point?); the results are flowing in!

    Simply be clear about what your passion is, and then take actions consistent with someone who is truly up to fulfilling it. (I didn’t say ‘easy’…I just said ‘simple’.)

    Consider: people who ARE pursuing their passion with integrity and intentionality do have the results they most want flowing in – including financial prosperity and well-being. The real question may be – “what passion are you pursuing”?

    Many of us don’t consciously know this, but the passion we’re following is something like “I will not be poor” or “I will make enough money to cover my bills” or “eventually I will be able to pay off my debt”. The energy that we are putting out, passionately even, is therefore about “poor”, “bills” and “debt”. No wonder that’s what keeps showing up! I know, because I lived like that for a time; I now practice being prosperous ALL the time.

    If your passion INCLUDES making $100K in your first year of business, have you declared that? Are you walking around like someone who is on target to fulfill that declaration? Do you have a Mastermind Team, a Brain Trust, a Coach or some other powerful structure to pull for accountability, fun, play, ease and the magic that comes with following your passion? Are you invested in your passion, or are you invested in ‘not working for someone else’? Distinctly different passions, non?

    [Reply]

    Jul 08, 2007
  2. Another perspective: I know people (also in all age ranges) who are NOT pursuing their passion who feel like they “have nothing, or extremely little” as it regards some type of nest egg or golden egg.

    When we hold constant the ‘no-nest-egg-factor’, what makes the difference between people who ARE pursuing their passion vs people who are NOT pursuing their passion?

    [Reply]

    Jul 08, 2007
  3. I think in order to follow your passion you must be fiancially sound. It’s part of the path. I know there are parts of my passion which are waiting for $$$ to be fullfilled but I’m working on it. Having said that, I have had moments in my life when I didn’t make the right financial decision at the time, but everything worked out. I think there is always a bit of luck involved in the way are path wanders.

    [Reply]

    Jul 08, 2007
  4. Bob Jenkins

    Anyone catch the series on happiness in the Vancouver Sun this week? The articles (two that I’ve seen so far) suggest long term happiness is based on gratitude, generosity, volunteerism, etc. Some of the inspirational thinkers referred to in the article point out that happiness is not acheived through the pursuit of wealth or material items.

    Of course, I can’t do the articles justice in just two or three sentences. Give the series a read, if you get a chance.

    And in my opinion: I think money needs attending to, just like the garden in back yard. Both are important resources. Neither are the source of happiness.

    I am curious if someone can provide the quotes where Mother Thersa and Ghandi said the fullfillment of our dreams and passions are our birthright. Biographies I have read on both of them paint a much different picture: sacrifice and service for what they believed to be right. Usually in aid of the poor, unwanted or oppressed. I haven’t read biographies on the other folks listed, but can accept they have made such assertions.

    [Reply]

    Jul 09, 2007
  5. Passion and money – two very similar yet perhpas different concepts. I once worked with an art teacher who told me she had lost her passion for art. I was stunned! She told me in had been replaced by her passion for teaching about art. Sometimes we may not really know what our passion is – we think we do but we are running in the wrong direction.

    I think the key to pursuing your passion is making sure that your passion and financial goals are plans that are made together – jointly – so that you are pursuing your passion and you are creating your financial future. I don’t believe that you must sacrifice one for the other. I have heard many people tell me why they are not successful and the only real reason is their fear of success. That is the only fear that holds us back….the others are excuses for non-action.

    [Reply]

    Jul 12, 2007
  6. Comment:
    I can’t speak for everyone, but maybe it has less to do with following your passion, which I have done most of my life, than having a healthy attitude towards money. Many artists are indoctrinated to believe that Art or God are some how too good for money, or that it is too easy to “sell out”. People often sabotage themselves at subconscious levels. It’s taken me almost forty years to reconcile my thoughts about art and money. Recently having babies, and the realization that I should want and deserve as much for myself as I do for other people has a lot to do with my new view on things. So at the ripe and not so old age of 38, and with a family to look after I’m suddenly seeing myself as not just an artist but a business woman, and feeling that one does not have to negate the other. About time.

    As to your question, I think if someone has a true passion or calling there will always be a way to find an outlet. (Many writers blog to keep writing while they have day jobs.) It should be possible to have a healthy balance. But if there are people out there that can follow dreams and be healthy and happy without a nest egg or hurting anyone then God bless them, and perhaps help them.

    [Reply]

    Jan 11, 2008

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