A Money Coach in Canada

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Had coffee this am with a new twitterpal and blogger, Mike.  As a former financial-industry-insider, like me, he had some things to say about our current affairs.   He made this provocative comment:   Capitalism as we know it is something that knows it’s dying, so it threw itself under a bus – and now we’re trying to resuscitate it for $700etcBillion. (pardon me, Mike, if I didn’t quite get the quote right).

Like me, he doesn’t simply want a re-jigging of the system.  He hopes we find a completely new and different way of structuring our economics.

Capitalism, he points out, is was based on enlightened self-interest, aka, greed.  Try as we might to mitigate the natural trajectory of capitalism (ie. complete self-centredness) by legislation and regulation, capitalism ran its course and self-imploded.

What he and I hope for is a new model, based not on self-interest, but – Radical Alert!  -a system based on Other, rather than Self.  I am with him on this, entirely.  As I’ve written before, I’m fatigued of messages shrilly telling me that I can, and should have the life I want yada yada yada (oops- does anyone say that anymore?  I’m old.)  The life I want includes a planet that is able to replenish, rather than depleted.   The life I want includes kids thriving, well-nourished, and free of abuse.  The life I want includes a world without AIDS.

We can do it.

Readers: any recommendations of social-enterprises from whom we can both purchase for our needs and contribute to others?  (and I don’t mean just in the “gives xyz% of our profits, but businesses that inherently contribute to others)

About the Author

Imagine if Canadians were known for being all over their money. Engaged. Proactive. Getting out of debt. Savvy. Saving. Generous. Nancy wants to help. Nancy started her own journey with money over 15 years ago, and formed her company “Your Money by Design” in 2004 to help others along the same path. It’s not the usual financial advising/investment stuff. It’s about taking control of day-to-day finances –managing monthly cashflow effectively, spending appropriately, getting out of debt, saving. If you're ready to take control over your finances, pop by her business site, YourMoneybyDesign.com


  1. MEC! 🙂


    Dec 09, 2008
  2. Kristine

    The revolution you propose sounds good to me. Count me in!

    As for your question, I recently followed a link here to Citizen’s Bank and opened a savings account with them. I’m excited to invest in ethical funds when the time is right for me. I hope you can help me with that 🙂



    Dec 10, 2008
  3. @Krupo MEC d’oh! of course. Tx for the reminder.

    @Kristine Thanks for popping by and yes, choosing ethical funds is absolutely one way to get us heading in the right direction. Glad you’ll be moving to them.


    Dec 10, 2008
  4. Nancy, nice blog.

    I don’t know if you can come out and say something as bold as ‘Capitalism is Dead’. While I might have to fact-check here, ever since the first surplus in Mesopotamian agriculture, capitalism has kinda tagged along for the ride.

    Now if you mean ‘Capitalism as we know it is dead’, that I can maybe find a little more believable. I’m in total agreement with you about what caused this mess – that is – an unhealthy and imbalanced focus on bonuses, commissions from monster transactions and lax oversight. It was about moving the money and shaving premiums from its movement, it was never actually about the underlying asset.

    But any hope for a ‘new’ Capitalism that strives for a Utopian-like ideal of environmental sustainability, equal opportunity and an curtailing of disease is, while nice and fluffy and all, quite probably as fictitious as the valuations of Las Vegas real-estate crica. 2005.

    Like it or lump it, human nature just isn’t as rosy as one would want to believe, at least not on th macro scale. Toss in the fact that the powers that manage the majority of the planet’s population (China, India), seek the most cost effective means by which to industrialize while maintaining the least amount of debt. Capitalism and the greedy engine that drives it is here to stay, for better or worse.

    My 2 cents, for what’s it worth (which is more than a U.S. T-Bill yield today, isn’t it?)


    Dec 10, 2008
  5. @vancityguy Glad you dropped by. And I agree, human nature isn’t rosy. At this point, I think it’s no longer a case of people doing this out of warm-fuzziness so much as necessity. It’s a case of survival – recognizing our brinkmanship and almost in a state of panic, more than utopianism, changing course, and drastically. Case in point:


    Dec 10, 2008
  6. Social enterprises to purchase for our needs and contribute to others? I suppose you could purchase some seeds from a company online and grow stuff in your apartment. I’ve got a friend who composts who could probably get you started. Pretty much anything to do with urban agriculture would be a big start.

    And you thought I wasn’t green. Tsk, tsk. 🙂

    See you tomorrow, fellow Vancouver blogger!


    Dec 10, 2008
  7. i honestly don’t know whether i can agree with vancityguy (and just for the record – technically, capitalism is a relatively new invention, different from, say, feudalism). but of course the greed that underlies capitalism is pretty darn old.

    we ARE changing, though. let’s look at something that has been a bane of human existence for a long, long time, too: domestic violence. it’s anything but eradicated but in many countries of the world it is not accepted anymore, and actively prosecuted.

    a hundred years ago, that would have seemed like utopia.

    oh, and nancy, examples of social enterprises: the “cleaning solution” – a janitorial company – run by and for members of the canadian mental health association, or the MCC thrift stores.


    Dec 14, 2008
  8. This weekend I saw the remake of “When The Day Stood Still”. While this movie had flaws there were a couple of interesting statements made. Professor Barnhardt, a Nobel Prize Winner states that people do not change until they are pushed to the brink and have no other choice. I am paraphrasing, but it made me think and although we are close and there are definitely people who believe change is necessary and viable I don’t think it will happen until circumstances completely demand it. In the meantime I believe that as individuals even the smallest change can hopefully have some type of ripple effect. How’s that for optimistic, pessimism?


    Dec 14, 2008
  9. @jonathon If you’re thinking “bokashi” I agree – incredible opp there for social enterprise on all kinds of levels.
    @isabella I didn’t know about Cleaning Solution! Thanks! And thanks for the reminder re: domestic violence. Sometimes I feel like we’re moving backwards re: feminism but good point. If at least we name it as “domestic violence”, that’s a starting place.
    @MJ A big part of me thinks we actually Are at the brink. Trouble is we might see the brink and have a massive change of heart about how we operate, but we may not be able to put on the brakes fast enough at that point to prevent cataclysm. (merry christmas, btw, lol)


    Dec 16, 2008

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