I’ve Been thinking about life insurance

I’ve Been thinking about life insurance

Posted on by Matthew Laker

We are a one-income family. Now I have struggled with that reality for some time. Not because I think my wife should work. No, we decided a long time ago that she would stay home to invest in our kids, and I would work. It was an excellent choice for us; perhaps it is different for you.  

However, two things I have struggled with through the years.  

One, can we generate additional income sources in our life. So, on top of doing some personal life coaching for people. At the moment of writing this, I am also developing another small business option around helping people master their money(Investment, insurance, debt reduction, financial Education, etc. – want to learn more? Let me know or looking for help )  

Two, I have wondered what would happen if I would die or get seriously injured, what would my family do?

We have worked hard to have no debt in our life and keep reasonable control of our budget. But death is a massive disruption to life.  

In one of my roles as a pastor, I have buried enough people to know the cost around the time of death, can be a burden for families.  

So I am on a journey, learning about life insurance and investments and how it can help.  

Life insurance is about trying to manage the potential of disruption and the financial impact upon my family. As a Dad, it is about taking responsibility for my family. My young family and wife depend upon my income.  

As I look at financial planning in my life, I am coming to see this as a foundation for caring for my family. 

What about you, how have you developed or planned for the risk of and reality of death?

What questions do you have about life insurance? Have you found a better option than life insurance? 

3 Steps to conquer your money problems

3 Steps to conquer your money problems

Posted on by Matthew Laker

“The number of vulnerable households – those putting more than 40 percent of their income to cover debt payments – “is likely to rise,” the bank said, and fall behind on loan payments even with deferrals to some 700,000 households so far. “(https://www.cp24.com/news/bank-of-canada-warns-in-report-of-business-household-debt-from-covid-19-1.4940479)

I want to talk with those who are struggling financially. As I post, this COIVD-19 has spread around the world. 

The crisis can cause us to put our head further down into the sand or stand tall and move through.  

I believe a crisis is a great moment to evaluate your financial house or life spoke?

Crisis reveals the holes in our financial house. 

What do you need to do?

  • Understand the moment.

When I sit down to coach people, the first place we start is with reality. We look in the mirror, and that is no easy journey. We take a moment to evaluate and understand where we are at, to move forward. You need to know where you are at. 

  • Get a plan

The reality is we all have a plan. For some of us, our strategy is spending when I want and hope everything works out.  

Others, you have a plan in your head, a good idea of what comes in and what goes out. You even watch what you spend.  

 For those who have a plan, when was the last time you looked at it?

For those with no plan, where are you going with your financial house

  • Stick with it and ride the journey.

The other day I was listening to a business podcast, and they were talking about how so many people fail. However, the ones that succeed are the ones that pick themselves up after falling and keep going. 

What about you?

Why do you need to do this?

Show your kids a better way – Break the cycle.

Bankruptcy – is a real thing, and you can do better. 

Mast your money instead of it mastering you. 

Find financial security 

You have a choice to start making baby steps in the right direction.

Perhaps you need a good tune-up financially? Then pull into the garage. 

Master your money instead of it mastering you. 

If you want some help with this, let me know? (Free 30 min call)


    Two questions in light of COVID-19 and your money

    Two questions in light of COVID-19 and your money

    Posted on by Matthew Laker

    Two questions we need to ask in light of COVID-19 and personal finances 

    The COVID-19 is one of those watershed moments that shifted our world. Every one of us has been affected by this virus. For some, the level of its punch in our life is different. Financially as of spring 2020, we will not know the full effect for some time yet. 

    However, this moment should cause us to evaluate what is essential in our life. 

    Two questions we need to ask:

    1)What Financially habits do I want to leave behind moving forward in light of COVID-19?

    2)What habits/knowledge do I need to pick up moving forward in light of COVID-19.

    Yes, you can make changes; you can leave a legacy for your family. You have choices at this moment. Perhaps this choice will set a lasting legacy for the road ahead.  

    The choice is yours; what one are you going to make?

    Will you choose to make choices to succeed or to lose?

    What are your next steps?

    Need help? Some times all we need is a coach to guide us along. Drop me a note. 


      3 Questions to establish your financial house

      3 Questions to establish your financial house

      Posted on by Matthew Laker

      3 questions to establish your financial house

      In January 2020, bnnbloomberg.com reported that 50% of people are on the verge of not being able to pay their debts off and only $200 away from not paying monthly bills. 

      COVID-19 should cause us to reevaluate our financial house.  in this COVID-19 moment, some have lost your job; for some, the income or work has slowed down.  For all of us, there will be financial implications in our life.   

      There is no better time to get a plan.

      Three questions you need to ask?

      1)Are you ready to do what is needed?

      Most of us like short term comfort.  Seriously are you are fine with being a slave to debt, being controlled by money, instead of controlling it.  If you are going to get your financial house in order, it is going to take work.  There is no magic pill, but there are choices that can move you in a better direction.

      What is important to you?

      2)Would you like to get ahead?

      If your answer is yes, see question number one again.    The reality is you can get ahead; You can get ahead and get your financial house in order and build a foundation for you and your family.  You can change your families legacy.  

      3)Reality check and plan 

      There is so much help out there to help you establish a strong foundation and establish a legacy.  Get focused.  To walk that journey, you need to look in the mirror, face reality and then create a plan.  

      Yes, things may look crazy, and you may be unsure about where to turn.  However, you can do this. 

      You are not alone in this journey.  If you would like some help to master your money, instead of being mastered by,  let me help.  

      What are your next steps?