The course is about getting your personal finances under control through the tried and true routines that financially independent people have followed for years.
The Course Includes:
Are you transitioning from school to working life, changing careers, or preparing for retirement? Find out if this course is for you!
75% of North Americans identify personal finances as the number one stress in their lives. Stress will kill you. You will Live long and prosper if you take this course. Follow simple routines that will have you putting extra money in the bank every month. This course is the foundation upon which financial independence will be built. The co-authors, Alan MacDonald (a chartered financial analyst and chartered financial planner who has worked as an financial advisor for 30 years) and Paul LaBarge (a senior tax partner at his own law firm who also specializes in business law, arbitration, estate and financial planning) have had, literally, thousands of conversations about personal finances. The same patterns keep showing up among those who have successfully achieved financial independence, and those who do not. You don't need a business degree to understand or implement the successful routines. A relatively short initial investment of time will see you equipped with tools that can be used easily and successfully through the rest of your life to keep your cash flow under control and your spending focused against the things that are most important to you and your family.
The course is divided into 3 major sections and will take 8 hours to complete. All exercises are included and all you need is a computer with speakers, pen and paper, and an eagerness to learn how to start living a financially fit lifestyle!
Our wants are unlimited! In this section you will understand the meaning of Financial Fitness, and how to achieve it through:
It's time to honestly assess where you are right now, let's get started!
First we will outline our working definition of both Thin and Rich.
During this lecture, keep in mind that what we want is not always a concious decision, and how we are wired has a lot to do with how we act in regards to obtaining what we believe we need.
Challenge yourself by asking if your Desires are legitimate, and help you reach your goals.
Are these things bringing you closer to your goals? Or keeping you from them?
Thinking of your wants and desires as guests at your door can remind you that you have choice in which ones you decide to follow and which ones you leave on the porch.
The first step to achieving the goals that suit you best is consciously recognizing when you are satisfied with what you already have.
In this section we will demonstrate tools that can help with wanting what you already have.
This section makes us think about which desires will contribute to our happiness, and which will detract from it? It reviews what has been discussed and emphasizes the links between Happiness, Control, and Freedom.
This course has 3 main sections:
Take a moment to complete our Financial Fitness Test in the Materials section of the course. This will act as our baseline for progress.
Values are what fuel our Goals
Take a moment to complete the Wishes and Wants List in the Materials section of the course. This is a great place to start. Write down 30 things, have fun, there are no limitations!
Let's group your wishes into broader, measurable categories. Reaching your goals all starts with The First Potato Chip, and this lecture will show you how by giving you a foundation for your Personal Action Plan!
Where are you starting from? Here, we will pay attention to the present.
This lecture will show you a simple technique for conscious spending that gets rid of the clutter and helps you reach your financial targets.
We will explain discretionary vs. non-discretionary expenses and how you can get continuous feedback on your spending.
Where is your money going?
To build a budget, first, you need a month by month picture that includes your assets and your liabilities.
It's time to find out where that money is through tracking your spending on a month to month basis. For help, fill out the Monthly Spending Spreadsheet and join the 5% of people that know where their money is going and what their net worth actually is.
Take time to think about where you are spending your money on a daily basis. With the tools you have from the previous sections, you will be able to prioritize your spending and focus it on what is important to you. Cut those hidden costs to become Financially Fit - no crash diet required!
With working more hours per week than our parents did on average, we seek greater reward for our hard-earned money.
Get back to the basics and keep your financial priorities in mind to stay on track.
Most of us do some amount of unconscious spending- it's time to wake-up. This requires making adjustments and asking yourself: Is it all essential? In this lecture we will ask you to separate your Luxuries from Necessities in order to live comfortably within your means.
Where do you go from here?
With The Copperjar System's point structure, you will be able to easily categorize your spending and separate luxuries from necessities so that they are in line with your values.
Now that you have been introduced to our Points System, take a moment to ask yourself:
How much are you currently spending on your goals?
In order to find out, and make sure you are spending the most towards your goals, use the document in the materials section of this course to rank your expenditures in order of both necessity and where it is based on your goals and values.
You will get the most out of your financial and personal life if you are spending your money against those things that are most important to you and your family!
You have the tools you need to be Financially Fit!
These are all part of your Action Plan moving forward! Thank-you for completing The Copperjar System!
Congratulations on finishing the course! Are you wanting a more in-depth look at The Copperjar System? It is our hope that you have gotten routines and practices out of the course that will change your life for the better, making you Financially Fit! To say Thank-You, and to continue your journey we invite you to read our E-Book: The Copperjar System: Your Blueprint for Financial Fitness.
This is an accessible guide to the topics covered in this course. Inside, you will delve deeper into your goals and values, continue on your Financial Fitness routine, learn more about how to build your personal equity, and see how you can plan for retirement.
Alan has been in the financial services industry for more than 30 years, serving entrepreneurs and top executives and their families. During that time, he has seen all the ups, downs and sideways fluctuations the capital markets are capable of delivering and learned first-hand what works and what doesn't.
As a Chartered Financial Analyst (CFA) and Chartered Financial Planner, Alan is a regular contributor to the Ottawa Business Journal, Canadian Moneysaver magazine. He has co-authored a book called “The Copperjar System – Your Blueprint for Financial Fitness" and is excited to share its proven techniques in this course.
Alan is also an active member of the community. He serves on the Board and Trail Projects Committee of the TransCanada Trail. Alan was also a proud volunteer for more than 10 years with Citizen Advocacy, a group dedicated to reducing the isolation of disabled adults. Alan provided weekly companionship to an older man with physical and mental disabilities.
Alan and his wife Cathy have two children and recently discovered how much weddings cost with his beautiful daughter getting married this past fall. In his spare time he enjoys spending time with his family, mountain biking, skiing, snow biking and practicing an inflexible, stiff middle aged guy type of yoga.