The Fin$mart Promise
Every client is unique.
We honour you, your needs, and circumstances with our holistic and highly personalized approach.
We promise you
Clarity
You have financial awareness and understanding.
We promise you
Mastery
You have financial knowledge, skills, and confidence.
We promise you
Transformation
Your financial health and security is improved for life.
Why do we need to
Get Fin$mart ?
For Two Key Reasons !
FIRST
Financial Health is
Key to Overall Health
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SECOND
Financial Literacy is
a Critical Life Skill
Financial Health is key to our Overall Health
We need to think of our overall health as a three-legged stool. It includes (1) physical health, (2) mental health, and, (3) financial health. We have mastered what it takes to be physically healthy, made incredible strides about caring for our mental health, and now we need to do the same for our financial health.
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A good state of Financial Health is when you:
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have control over day-to-day and month-to-month expenses,
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have the capacity to absorb a financial shock,
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are on track to meet your financial goals, and
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have the financial ability to make choices that allow you to enjoy life and seize opportunity.
Less than 30% of Canadians are considered to be in a good state of financial health. A recent RBC survey revealed that 55% of Canadians feel “financially paralyzed”, living paycheck to paycheck without flexibility for unexpected expenses. And almost 50% of Canadians are losing sleep due to financial stress.
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Financial stress impacts our mental health, showing up as anxiety and depression. It also impacts our physical health in the form of exhaustion, substance use, and other serious health conditions.
By taking care and control of our financial health, we can all improve our overall health, life satisfaction, and personal success.
Everyone needs to get Fin$mart!
Financial Literacy is a Critical Life Skill
We need to think about financial literacy - learning about money and all topics related to personal finance - as developing a life skill.​ Just like learning how to drive, play a musical instrument, how to swim, or speak a new language, we need to learn how to use our money in the most effective way to meet our needs and accomplish our life-goals.
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Financial literacy is rarely taught in schools and most people develop money habits from their parents or other important people in their life. Often, these habits or approaches do not serve our best interest.
Personal finance is personal...we each have unique circumstances, resources, and aspirations. This means we each need to take charge of our of own financial life and develop the knowledge, skills, and confidence to make the best choices and decisions across all areas of personal finance and at all stages of our life.
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Here are just a few of the realities that build the "personal business case" for developing your financial literacy skill and getting Fin$mart!
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Retirement planning is an individual’s responsibility. Gone are the days when most people have access to an employer pension; today only about 10% of non-union private sector employees have one. Even with a pension, pension income is not intended to cover all your living and lifestyle expenses in retirement. Every adult needs to a plan to build wealth and passive income streams to maintain their standard of living in the future, but especially in retirement and old age.
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Precarious employment. We are all expendable in our jobs, and the gig economy — freelance, contract, side hustles — provides next to no security or benefits. Many low and high skilled jobs are facing elimination as a result of automation and artificial intelligence. Today, you can be considered a "mature worker" by the time your reach 45. Having emergency savings and access to credit is essential for periods of unemployment and lower income.
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Low interest rate environment. In order to build wealth and achieve financial independence, you must invest your money. Savings in low return investments, combined with inflation and investment management fees, will not cut it. Learning how to invest, minimize taxes, and increase your earnings is essential in our modern world.
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High cost of living. Incomes have not kept pace with the cost of living since the 1970s. Households have taken on record consumer debt and many don't have emergency savings. For many, a financial crisis is only an unexpected expense or interest rate hike away.
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We all need to take control of our money. Personal finance education and knowledge is a critical life skill. It is the best offense in building wealth and the best defense for maintaining your standard of living as your age.
Everyone needs to get Fin$mart!