Arthur’s WHY: Why I became a financial advisor;
As a young boy I grew up in small town Saskatchewan. I noticed that when special events were thought of, or new things needed, my father’s response would often be, “We can’t afford it”.
My parent’s family grew up during the “dirty thirty’s” when Canada was in the great depression. It was a time when money was very scarce; a dollar could be a week’s wages. I think my father learned his sense of scarcity from that time and it held him back and prevented him and his family from moving forward. That sense of scarcity, some economists believe resulted in the depression lasting longer than it could have. If people had lost their fear and began to spend the money they had, the economy would have recovered much more quickly.
Growing up in this environment where money both felt scarce and hard to get,has influenced me throughout my life. Because money was difficult my studies and life focused on other things, community and education.
There were a number of significant events much later in my life that allowed me to shift my view of money. The first was attending seminars and workshops where I learned that we can change our reality by the way we think about things. The power of thought seems to change our reality. What if I always thought that money was abundant in my life?
Changing the way you thing about things is never simple, old habits die hard. However, the next event really helped me shift my thinking. My wife and I had planned to take her two children to Europe. However, she had just lost her job. My thinking shifted to, guess what? … “We can’t afford it”. Fortunately she was insistent that we were going. As I sat down in the plane heading for England I looked at her and realized, “Wow, we are actually going.” We had two incredible months travelling all over Europe. The power of my wife’s thoughts overcame mine. I was able to change my thinking as well.
A final change for me came when I became my father’s Executor. He died of a heart attack at a young age 63. I had noticed that he was starting to enjoy travel, something he thought he could never afford. He died on a trip to California. He was looking forward to time to travel when he got to retirement and sadly he never got there. I wondered how much fuller his life might have been, had he not held himself back over the years.
Being his Executor was a real shock for me. Growing up in a family that never talked about money I had no idea of my father’s circumstances. His mortgage was not insured and there were very little savings.
I wondered why a bright person like my Dad could make such mistakes and realized he had no information and no financial advisor. I decided to become an advisor and help people manage their money at this point in my life. I did not want to see other people in the same predicament as my father and mother.