Traditionally, you could assume that there are two kinds of people in this world: big (foolhardy) spenders and big (responsible) savers. However, this isn’t always the case.
You could be someone who saves as much money as possible, yet struggles to pay off their credit card bill on time. It’s different for everyone. But the reality is that one in three Canadians lives paycheque to paycheque.
In the last decade, debt-to-income levels and debt-to-asset levels in Canadian households have trended in opposite directions. It’s clear, something has to change. So where do we start?
The answer lies in financial education. Sure, you could read a bunch of money management–related articles online. But the most effective way to develop your personal financial management is by taking an informative, interactive program filled with advice approved by the best in business — Dragons’ Den business moguls.
This is what you get when you sign up for a program with Enriched Academy. Their courses allow you to gain responsibility for your finances, awareness around money habits, and how to improve retention. You can sign up to try the masterclass for free and see what you think — without any commitment or gimmicks.
Since Enriched Academy signed a deal with Dragons Jim Treliving and Bruce Croxon in 2013, it has gone on to create a financial education curriculum with 35 financial experts and work with leading brands and government bodies including CDI College, Remax, and the CFL.
After taking this wealth mastery course, 89% of participants said they felt more informed about their money. With the help of this program, more than 7,827 Canadians have started saving over $14,064 annually, improved their credit score, and increased their net worth by $84,228, collectively.
Wondering how and why Enriched Academy began? It’s simple. The co-founder, Kevin Cochran, realized first-hand that financial uncertainty can be a life sentence if you don’t have a plan in place.
When he was 22 years old, he bought his first car on a credit card — and quickly regretted it.
“Buying that car pushed me to the verge of bankruptcy,” says Cochran. He admits that he was never taught about money, but with the help of mentors, he achieved financial freedom by the time he was 38.
In school, most of us didn’t learn about personal money management, and our parents didn’t either. However, financial literacy is something that affects each and every one of us.
Getting a promotion or moving to a new job with a higher salary does not create financial freedom — learning how to manage your money does. Get started by visiting Enriched Academy and signing up for their free masterclass today.