As my inaugural blog post, I wanted to spend some time letting readers know my “why”. I am a firm believer in purpose as a driver of success in any initiative, and so my first blog post is a perfect place to state my mission that I will stick to throughout the Fighting Chance journey.
I graduated from high school in 2004. I was fortunate enough to go to a private school in Vancouver with a curriculum at the pinnacle of learning, or so I thought. I graduated high school without any fundamental knowledge of money, finance or economics. Had I not gone to business school, I would have been thrown into the work world without the knowledge I needed to succeed with my finances.
Thankfully, I had the foresight to attend business school, earning an undergraduate degree in Accounting and Finance from McGill University in Montreal, QC. It wasn’t until I started taking classes on finance, economics, accounting, capital markets and finance mindset that I began to understand how the economic engine works. These lessons were designed to equip me for a career in business, which they did. The concepts I learned, however, are just as applicable to personal finance.
I like to think of my personal financial situation like a business. I have a personal balance sheet. I have income and expenses. I have assets and liabilities. Just like in a business, I need to make a budget and stick to it. I need to have a financial plan and roadmap to retirement. I need to take into account how the market forces and consumer behaviours are impacting my personal balance sheet and make adjustments.
I realize that most people do not take 4 year undergraduate degrees in business followed by a three year post-grad professional accounting designation program. Therefore, most people are at a disadvantage when it comes to their finances.
This blog, my social media accounts and my books are designed to give everyone “A Fighting Chance” at success with their finances. I hope I can be helpful to you!