A Money Coach in Canada

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If you’re anything like me and (former actor turned author) Meg Tilly, you may be increasingly queezy about the economy.

I’m preparing for the worst:  a drawn out decade of unemployment, low stock prices/portfolio values and declining property values (perhaps good news for a lot of people I know in Vancouver!).

It’s easy to be casual about our personal money management when all is going well (and politically easy to assume people who are struggling/homeless have only themselves to blame) but as more and more people we know lose their jobs, and as the homes and condos around us sell for less, I predict that we Canadians will change our lifestyles significantly and become much more engaged with our finances.

That result, at least, is a good thing. But to get there, we need to get past the anxiety paralysis that can often overtake us.  I advise that we start now to find techniques which allow us to relax, regain our clear thinking, and move forward in constructive (even if difficult) ways.  Here are a few I found:

On a very pragmatic level, Ron at   The Wisdom Journal came up with several solutions to emotional issues about money mgt:

  • If you money intimidates you, you’re a prime candidate for automation.
  • If you fear not having enough to the point that you’re an extreme saver, crunch some numbers and project exactly how much you’ll need and when you’ll need it to ensure a comfortable retirement.
  • If you fear the loss of status, decide what luxuries are important to you and let the rest go.
  • If you fear not having enough to make your debt payments, establish a budget and commit to live by it … and get rid of the credit cards.
  • If you fear not being able to afford your child’s educational requirements, save something, anything, each pay period and begin researching scholarships and educational alternatives.
  • If you fear not having enough to retire because you’ve started late, get started now. Don’t worry about the past.
  • If you fear losing your job and not having enough for daily expenses, cut your expenses now, learn to make extra money, and develop a backup plan for your job.
  • If you fear not being able to manage your own investments, get a fee based professional to help you.

Carol Fogarty suggests this outside-the-box exercise:

  1. Lift one of your hands up to the top of your head.  Hold your hand about one foot away just in front of your head. Now swish your hand in a gentle even movement down along the front of your face, neck, chest, heart and solar plexus (tummy) area.
  2. Now swish your hand out and away from your body, as if you are pushing something away.
  3. As you swish down along the front of your body and then out and away repeat, either out allowed or in your head “cancel, clear, delete”
  4. Repeat at least three times so you can be sure you have cleared away the unwanted energies.
  5. Too easy.


And last, but not least, you can always go shopping.  🙂

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

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