Your Financial Story

Our financial stories are like the scripts we carry from the past, shaping our beliefs, decisions, and ultimately, our financial reality. Often, these narratives are laden with negativity and self-limiting beliefs, deeply rooted in our life experiences.

However, there’s good news! YOU have the power to change your financial story. By auditing your old story and crafting a new, empowering one, you can unlock the potential for an abundant financial life.

This blog post will guide you through the process of transforming your financial narrative, focusing on the five key areas of building wealth: earning, spending, saving, growing, and contributing.

1. Earning: Unleash Your Income Potential

Your income is the foundation of your financial story, and it’s crucial to start here when rewriting your narrative. Most people have a limiting belief that their earning potential is fixed, based on their upbringing or past experiences. To change this, adopt the mindset of growth and abundance.

a) Identify limiting beliefs: Begin by identifying any negative beliefs you hold about money and earning. These could be phrases like “I’m not good with money” or “I’ll never make enough to be financially secure.” Recognize that these beliefs are not facts; they are stories you’ve been telling yourself.

b) Replace with empowering beliefs: Challenge and replace these limiting beliefs with empowering ones. For example, “I am capable of increasing my income” or “I have the potential to create wealth.”

c) Set clear financial goals: Define specific income goals that align with your aspirations. These goals will serve as stepping stones towards your new financial story. Break them down into manageable, achievable milestones.

d) Invest in self-improvement: Enhance your skills and knowledge to increase your earning potential. Invest in courses, certifications, or personal development to become more valuable in your field.

2. Spending: Cultivate Financial Awareness

Your spending habits play a significant role in your financial story. It’s essential to shift from mindless spending to conscious financial decisions.

a) Track your expenses: Begin by meticulously tracking your spending for a month. Use budgeting apps or spreadsheets to gain a clear understanding of where your money goes.

b) Analyze your spending patterns: Identify areas where you might be overspending or indulging in impulse purchases. Look for opportunities to cut back without sacrificing your quality of life.

c) Create a spending plan (budget): Develop a realistic budget that aligns with your financial goals. Allocate funds for necessities, savings, investments, and discretionary spending.

d) Practice mindful spending: Before making a purchase, ask yourself whether it aligns with your financial goals and values. Avoid impulse buys and focus on long-term financial well-being.

3. Saving: Build a Strong Financial Foundation

Saving is the cornerstone of financial security and building wealth. To change your financial story, you must prioritize saving and establish healthy saving habits.

a) Set up an emergency fund: Start by creating an emergency fund with at least three to six months’ worth of living expenses. This safety net will protect you from unexpected financial setbacks.

b) Automate your savings: Make saving a habit by setting up automated transfers to your savings account. Treat it like a non-negotiable bill.

c) Prioritize retirement savings: Contribute regularly to retirement accounts like a TFSA or RRSP. Take advantage of employer matches and tax benefits to maximize your savings.

d) Revise your savings goals: Periodically review and adjust your savings goals as your financial situation evolves. Celebrate milestones along the way to stay motivated.

4. Growing: Invest Wisely for Your Future

Growing your wealth requires making your money work for you through investments. To transform your financial narrative, educate yourself about investment opportunities and strategies.

a) Learn about investment options: Understand various investment vehicles, such as stocks, bonds, real estate, and mutual funds. Explore which options align with your risk tolerance and financial goals. If you’re interested in real estate then of course look no further than MacKay Realty Network to help you reach your goals. Book a consultation with us and we’ll guide you through your options and the strategies available.

If you aren’t ready for real estate investing, then I recommend a simple platform like WealthSimple to help automate your investing. It’s what I use for my non real estate portfolio and it does exactly what it says, which is keep things simple! You can even get up to $3,000 when you sign up with my referral code: CUA_MW

b) Diversify your portfolio: Avoid putting all your eggs in one basket. As you grow your finances it becomes more important to diversify. Diversify your investments to spread risk and increase the potential for long-term growth.

c) Seek professional advice: Consider consulting a financial advisor or investment professional to help you make informed decisions based on your financial story and goals.

d) Stay patient and disciplined: Investments can fluctuate, but a long-term perspective can yield significant returns. Avoid emotional reactions to market volatility and stay committed to your strategy.

5. Contributing: Share Your Abundance

While building your wealth is essential, contributing to others and the community can add a sense of purpose to your financial story.

a) Find a cause you’re passionate about: Identify a cause or organization that resonates with you and aligns with your values. It could be a charity, educational institution, or a community project.

b) Allocate a portion of your wealth: Dedicate a portion of your income or assets to contribute to your chosen cause regularly. This could be through donations, volunteering, or other forms of support.

c) Share your financial knowledge: Educate others about financial literacy and share your experiences and lessons learned. Empower those around you to change their financial stories as well.

d) Experience the fulfillment of giving: Contributing to others not only benefits the recipients but also enhances your sense of purpose and satisfaction, enriching your financial narrative.


Your financial story is not set in stone; it’s a narrative that you can shape and rewrite. By focusing on these five key areas of building wealth—earning, spending, saving, growing, and contributing—you can transform your past financial story into an empowering one.

It’s a journey that requires dedication, self-awareness, and continuous learning, but the rewards of an abundant financial life and a brighter financial future are well worth the effort. Start your journey today by auditing your old story and crafting a new, empowering financial narrative. Write it out to ensure it’s clear, then re-read it regularly to help engrain it into your subconscious. This may just change your financial life forever!


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