| Taking Stock, Setting Strategies |
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 In the past year, Canadians' household debt rose to record highs compared to our disposable income. By the third quarter of the year, our debt to disposable income had climbed to almost 153%. And in its most recent review, the Bank of Canada says that it expects further increases in the aggregate household debt-to-income ratio.
While real estate values continued to bolster the net worth of individual Canadians, it was offset by a decline in the value of equities and pension assets as the markets floundered.
Indeed the financial news is grim, but what's happening around us just may just be the wake-up call we all need to take stock and to make good, conscious choices that can help us be better-positioned for the future.
We can set an example in our families and communities that we are ready to take more control over our money and our life, that in spite of the global challenges and debt levels, we can rise above these problems and, one step at a time, one person at a time, we can make a difference by getting more informed and being responsible with our money.
Five ways you can make that happen in 2012:
1. Create a financial plan based on your goals and your values
2. Get more involved with your investments - don't invest in anything you don't understand
3. Live within your means
4. Make a plan to start reducing your personal debt and stick to it
5. Make more responsible choices about how you spend your money
While you may not be able to control what's happening around you, you can take charge of your own life and your finances and make informed and practical decisions that help you move forward towards your goals.
We are here to help in any way we can. Contact us anytime for a complimentary consultation with one of our money coaches.
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| Upcoming Women's Financial Learning Classes and Events |
 7 Mistakes in Salary Negotiations - Find out the 7 mistakes you'll want to avoid during salary negotiations, and learn great tips on how to E.A.R.N. Your Worth™ - Downloadable Audio
Smart Money Essentials - Weekend Intensive in Vancouver BC Sat-Sun Apr 14th & 15th 2012. Or, start anytime with our Home Study program. If you're tired of worrying about your finances and ready to take control, this program is for you. Private Practice Finances Made Easy - Home Study Program - This program will help you through any confusion, doubts or overwhelm that you may have about private practice financial management so that you can free up your time and energy to focus on building a rewarding and profitable private practice. 4 session downloadable audios, workbook and simple to use worksheetsCareers - Are you passionate about helping others to manage and make the most of their money? Are you a self-directed entrepreneur who wants to work independently but not alone? If so, we want to hear from you! Train to be an Associate of Money Coaches Canada Inc. as a Money Coach in a 5-day intensive training program in March 2012 on Salt Spring Island, followed by 3 months of experiential mentorship as you successfully launch your practice with our leadership and support.
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