Financial Lessons From the Olympic Podium

What a privilege it was to watch our Canadian athletes excel at this year’s winter games in Vancouver – especially hockey. Now that the Olympics are over and I’ve had some time to reflect on the successes that we have experienced as a country; I can see the connection between determined athleticism and personal finance – in either case, if you have achievable goals and the skills to make them happen – anything is possible. We can help you with the skills if you have the goals!

What have our athletes taught us about financial hardship? I think the best example can be found in our bronze winner Joannie Rochette – a figure skater who suffered a devastating personal loss days before winning a bronze medal. Joanie came to the games to win and the passing of her mother did not stop her from securing a place on the podium. While financial hardship is not even in the same league as losing a family member – for most people it is still a pretty crushing blow to how they feel about themselves. Bankruptcy may not be the only or best option for you – you may want to consider a consumer proposal – an option where you repay a portion of your debt over time and work towards the goal of paying back some of the money you borrowed.

If you are experiencing financial difficulty and are wondering about your options call us today to schedule free consultation.