April 5, 2019 | By More


For the past several months, I’ve been getting a lot of calls from clients who have been struggling with their finances. Their main complaint is that things don’t seem to be moving forward for them. They all make a decent amount of income, they don’t carry an enormous amount of debt, yet things are not going the way they want.

When I get calls like this, I will look at their financial structure to see if there is anything that needs fixing. Sometimes it’s a simple issue of making changes to their mortgage payments, consolidating some debt or changing things in their investment portfolios to improve the performance. I ask them to make a budget and diligently track every single expense for a couple of months to find out where the leakage is taking place. All these issues are mechanical and are relatively easy to fix.

The real work begins when I try to uncover the cause for this situation. You see, your Net-Worth (assets minus liabilities) will not improve until your Self-Worth improves. Change your outlook to one of gratitude and be thankful for all that you have in the present moment.  Develop an abundance mindset as opposed to focusing on the things that you don’t have in your life. Yes, you need to become aware of your cash flow so that you can make the proper choices with your money. Create a vision board filled with all the things that you want (financial, spiritual, relationships, health and wellness) and focus on the positive. 

I can tell you from personal experience and from helping hundreds of clients with this, that once all these elements come together, things start to change for the better. Dare to Dream!

Daniel Roy is the principal instructor of the Ottawa-based Praxis Wealth Institute.  He is a Certified Retirement Coach, Certified Financial Planner as well as public speaker.  He is the author of “The Essential Guide to Retirement Readiness”.  He conducts workshops and courses on the subject of winning the game of wealth creation.

Category: Articles, Self Development

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