While the concept of a New Year’s resolution is not unfamiliar, mapping out a list of good practices and personal goals feels uniquely challenging amidst a pandemic. As we continue to navigate the obstacles that follow 2020, for many, finance tops the list of concerns and priorities for 2021.
To help find solutions to our New Year savings goals—without compromising our mental health—TL Insider held a virtual Fireside Chat on January 7, covering all things mental and financial wellness. Jason Maghanoy, head of business development at St. Joseph Media, was joined by experts Rajan Bansi, head of RBC InvestEase ®, and Amy Deacon, founder of Toronto Wellness Counselling, for the compelling discussion.
With so many Canadians working and studying remotely, Amy emphasized the importance of organizing your multifunctional home in a way that allows for the separation of work and relaxation. From keeping computer-time out of the bedroom to prioritizing daytime walks, Deacon shared tips to address the consequences of putting self-care on the backburner.
And what better way to work toward stress-reduction than through debt reduction? Rajan shared his personal and professional advice for mapping out a plan to address different types of debt, including how we need to unlearn the taboos around discussing money. He sympathized with the many Canadians who “go from being a child to adulthood and are just supposed to know how everything works with regards to money, even though no one has ever talked to them about it.” He added that addressing financial wellness needs to be “judgment free.”
Amy and Rajan also answered questions from the audience, sharing their personal wellness routines, some of their New Year’s resolutions, as well as what they’re up to now, and what their post-pandemic plans look like.
Register here for the next workshop on January 25 about Building Financial Resilience for Youth in Canada.
Learn more on how to start saving with RBC InvestEase today. Open an RBC InvestEase account and pay no management fee for 1 year*. Offer ends Mar 31, 2021. Click here to sign up!
*Accounts opened until March 31, 2021 will not be charged the regular 0.5% management fee by RBC InvestEase for 12 months from the date of account open. RBC InvestEase will notify clients 60 days in advance of any changes to the fees associated with their account as set out in the investment agreement. A weighted average management expense ratio between 0.11-0.30% will still apply to the ETFs held in our portfolios. RBC InvestEase reserves the right to amend or withdraw this offer at any time without notice.
®/™ Trademark(s) of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada.
RBC InvestEase Inc. provides online discretionary investment management services. Other products and services may be offered by one or more separate corporate entities that are affiliated to RBC InvestEase Inc., including without limitation: Royal Bank of Canada, RBC Direct Investing Inc., RBC Dominion Securities Inc., RBC Global Asset Management Inc., Royal Trust Corporation of Canada and The Royal Trust Company. RBC InvestEase Inc. is a wholly-owned subsidiary of Royal Bank of Canada and uses the business name RBC InvestEase. In addition, the RBC iShares ETFs in which RBC InvestEase Inc. clients invest are managed by BlackRock Asset Management Canada Limited. RBC Global Asset Management Inc. and BlackRock Asset Management Canada Limited have entered into a strategic alliance to bring together their respective ETF products under the RBC iShares ETF brand, and to offer a unified distribution support and service model for RBC iShares ETFs.