Your Kick in the Butt

“We can’t have a retirement plan that we escape by dying because we are living longer.”, Nancy Griffen Nancy made this comment at the Women, Worth, and Wellness talk I went to at #RyersonU this week and I was really struck by it. Despite a 16% growth in women’s income, and the fact that one-third of women are now earning as much or more than their husbands, women are still saving less than men. Since women are statistically living longer than men, you need more put away. Running out of money before you run out of life is not where you want to be. It really got me fired up. So, ladies and gentlemen – here’s your kick in the butt. Let’s get your money sorted out so you can create the wealth you want for you and your families. If you have been watching and waiting, it is time to take action. Find out how:...

The Entrepreneurial Power Personas – Week 4

In week four of the Entrepreneurial Power Personas, it is critical to understand that your purpose in reading these posts is not to say “I am this but not that” or “that one is good and another is bad”. It is actually to look for what you don’t know that you don’t know. Your Entrepreneurial Power Persona reveals your go-to approach to business, relationships, money and life. I know that I have introduced some things you haven’t thought about before. Your purpose is to begin to identify some very powerful things inside yourself as an entrepreneur that are both serving your business and hindering it at the same time.  To get access to ALL of the Personas right away, click here. Entrepreneurial Power Persona #4 The Magician As The Magician, you are confident in your ability to create the life and business that you want. You are probably spiritual and feel energetically connected. You live more in the possibilities for the future than in the present. It’s likely that you focus as much on personal development as you do on your business and the numbers follow. As a Magician, you use your sense of purpose to guide business. You fear being inauthentic and you focus on being true to yourself and your purpose. Benefits of the Magician You thrive, Magician, in your unshakable belief in the possibilities for you and your business and your trust that it will all come to pass. Personal development gives you focus and you bring the learning into your business. When things are going well and you feel like you are in alignment, you can...

Living on Purpose with Your Money

I met some great people at a Katia Millar’s Positive Fabulous Women Networking event this week. The speaker, Heather Clarke, talked about Living on Purpose. It got me thinking about how many people are NOT living on purpose with their money. How closely are you matching your money to your goals? To your values? What one action could you take to live more towards your...

You can’t see the forest for the trees – Entrepreneurial Power Persona #3

So, here is my disclaimer: You are probably more than one of these Personas. We all have a piece of each Entrepreneurial Power Persona in us. Typically my clients will tell me that they are mainly a combination of two with some of the elements of the others. Your Entrepreneurial Power Persona reveals your go-to approach to business, relationships, money and life. Your Entrepreneurial Power Persona reveals how you live and interact in the world as an entrepreneur. It speaks to unconscious attitudes, beliefs and behaviours that guide the choices you make each and every day. To get access to ALL of the Personas right away, click here.   Entrepreneurial Power Persona #3 The Mogul As The Mogul, you like to be the boss. You love the sport of business and you play to win. Running your own company is a relief because you get to call the shots, set the rules and make the decisions. You like people with skill and you don’t suffer fools gladly. You tend to be logical and methodical and you like to work from a plan. You are likely to be more conservative in regards to risk, but those you do take are often successful.  Benefits of The Mogul Mogul, you shine when you set your mind to a project. You are highly effective and appreciate your own skill level and value skill in others. You will seek out advice and if it meshes with yours, you will take it into account. You carefully research opportunities and you most often make decisions based on data and metrics, although this sometimes leaves you in the...

Stacking Wood for Winter

The beginning of school is behind us, the cooler evenings and shorter days are starting. It is the harvest time and a time to prepare for the coming winter. There are many things you can do to prepare for the cold season and to keep the costs down through the winter. One of the ways we manage the heating costs is to burn fires in our Masonry Heater fireplace. It was fun this weekend to have the kids help with stacking wood for us and for my...

The Entrepreneurial Power Personas – Week 2

Your Entrepreneurial Power Persona reveals your go-to approach to business, relationships, money and life. Understanding your strongest Personas will help you recognize your unconscious attitudes and patterns. These Patterns and Attitudes are driving the behaviour that helps you be successful and the behaviour that causes you trouble. Your Entrepreneurial Power Persona reveals how you live and interact in the world as an entrepreneur. It speaks to unconscious attitudes, beliefs and behaviours that guide the choices you make each and every day.  To get access to ALL of the Personas right away, click here. Entrepreneurial Power Persona #2 The Guardian As a Guardian, you are a cautious and conservative business owner. You likely started your business while maintaining a day job or you had sizable savings to support you. You have high expectations of yourself but you worry that you won’t be able to live up to them. Your risk tolerance is low. You seek security and tend to be a saver. You don’t like to make mistakes and will tend to observe until you are comfortable rather than jump in.  Benefits of The Guardian When things are going well, Guardian, you are alert, careful, prudent and on the ball with your business and your finances. You probably like to plan things out and are good at following your plan. You generally live within your means or borrow cautiously. You put a lot of thought into financial decisions and tend to lean heavily on the advice of people you believe are experts. Although you do tend to worry.  As long as you can see progress and have a security net,...

27% have less than 1 month – Do You?

This may surprise you – almost half of Canadians have less than 1 month of expenses saved in case of emergency. In BMO’s newly released Rainy Day Survey, It is clear that savings is still a major challenge. One-third of Canadians are living pay-cheque to pay-cheque. I know from my clients that many of you are earning well over $100,000/year and are still struggling. You are juggling expenses, debt, and lifestyle choices. You don’t have a money life plan and are trying to manage complex finances in your head. The percentage of people with enough savings to cover a change in financial situation, job loss, illness, injury or major home or car repairs is up 8%, to 27% of Canadians, according to the annual Rainy Day Report. However, this survey also shows us that with two-thirds of Canadians using savings through an emergency, and almost half of Canadians with less than three months emergency savings, many Canadian families face potential financial crisis. Ready to create a better Money Life? 1. Get clear on what your life costs and what you earn 2. Decide what you really want your life to look like 3. Match your money to your goals. Need help? Let’s talk....

Back to School

Hi! The first week back to school is always bittersweet. The end of the summer and the excitement of the year ahead. I love to see all of the first day of school photos posted to social media like this one of my niece and nephews. Our girl starts her senior year of high school this year – she’s too cool for front step pics these days. September is a new beginning for so many of us. It is also four months to Christmas (I know, I am sorry for saying it outloud!). I know that you, like many others are ready to get your money life rocking and rolling before the holidays and the New Year. Now is the time to do it. Let’s talk. Have a great week! Karen P. S. Welcome to all of the new readers that joined our community over the last week. I know you are going to love the information and...

Introducing the Entrepreneurial Power Personas

A huge step in taking control of your money life and building a bridge between your business and personal money is to really know who you are in business. This begins with understanding and embracing your Entrepreneurial Power Persona.  Your Entrepreneurial Power Persona reveals how you live and interact in the world as an entrepreneur. It speaks to unconscious attitudes, beliefs and behaviours that guide the choices you make each and every day. Over the next few weeks, I will introduce each of the  Entrepreneurial Power Personas so you can begin to understand which ones most represent how you do and be around money and business. To get access to ALL of the Personas right away, click here. Entrepreneurial Power Persona #1 The Caregiver If you are a Caregiver, you are likely in a helping profession. You might be a coach, healer, energy worker, social worker or provide a service or product that can change someone’s world. You love to help people and often go out of your way to make sure the people around you – family, friends, clients, colleagues, are happy and comfortable. You value being generous, kind and giving. As a Caregiver, you understand that money is important and necessary, but you probably get irritated that it is part of every interaction in business. Benefits of The Caregiver Caregiver, your heart is in the right place. You like to use your business to create abundance in your life and the lives of others. With strong leanings towards creativity, spiritual growth and philanthropy, you have a higher than average level of compassion and empathy. You probably give,...

Upcoming Articles and Food Plans

I have been working with a colleague to write a blog article about Buying Local Food and it has been on my mind all week. Groceries, eating out, fast food and coffee shops add up to one of the biggest line items on families Money Life Plan (aka budget). Not only is feeding a family a big expense it can be a big stress. Keep an eye out for our upcoming article, and read on below for a simple strategy to take the stress and some of the cost out of the food conversation. Bon Appétit!...