Parachute

Last week, I was interviewed for a documentary shedding light on Canada's debt crisis. Throughout the discussion, I illuminated the harsh realities faced by consumers with credit scores below 700, vividly depicting the limited options available to them, such as high-interest loans escalating to 47% and payday loans skyrocketing to nearly 400%. Additionally, I delved into the concerning practices of insolvency trustees profiting from individuals' financial hardships, along with credit counselling agencies, ostensibly operating as "non-profit" organizations but found to profit substantially from debt management proposals and undisclosed alliances and funding from banks, positioned as "donations". These entities often cloak their services under the guise of promoting "financial health", deceiving consumers into agreements they may not fully comprehend. We all frequently encounter commercials for these services claiming to bring "financial wellness" - but under the surface through debt default. Our conversation expanded to encompass the mission @Parachute, our initiative committed to reshaping this landscape. Our ultimate goal is to empower Canadians with financial well-being and guide them toward brighter financial futures. #financialwellness #predatorylending #creditcounselling #bankruptcytrustees #highvinterestlending #paydaylending #parachute

Had the opportunity to sit down with Amanda Lang on BNN Bloomberg recently - a deep dive into usury law reform. Despite the opposition from the Canadian Lenders Association lobby, these changes promise genuine relief to countless Canadians. This moment feels pivotal - a crucial juncture reminiscent of the battle against big tobacco. Just as cigarettes endanger health, high-interest and payday loans make Canadians financially unwell. Check out the clip below to learn how these reforms are shaping a fairer financial future for us all - no matter the pay grade. #UsuryLaw #FinCare #FairFinance #BNNInterview

📢 Exciting news for Canadian Credit Unions! We are thrilled to announce the launch of our Parachute Financial Well-being Partner Program. Our turnkey solution is designed to help your struggling members improve their financial well-being by alleviating their high-interest debt and building better money habits while paying it off. Learn more about our program by visiting https://lnkd.in/gd6NGdAP. #FinancialWellbeing #CreditUnions #DebtRelief

I can't wait to speak with Shaun Maslyk, FBS ®, CFP®, B.Comm, CIP tomorrow at our Parachute Prosperity Series. Shaun was one of the reasons I initiated this webinar series at Parachute - you will be moved by his insight and his passion; his work is such a valuable contribution to Canadians. You can register here: https://lnkd.in/g5pPf7Zt Can't make it? Register and we'll send you a link to the recording after the event.

Today, our BU111 Live Consulting Case Competition came to an end. After an exhaustive and exhilarating past 72 hours, I’m honoured to say that my group and I, “BLAZED Consulting,” finished 1st place overall. This recommendation started with an informal report recommendation that I created throughout the past semester. Once we started group presentations, we decided to utilize it - a proposed partnership with FrontLobby; a tenant screening and rent reporting software designed to improve renting for everybody. This partnership would allow Parachute -the company the case was centered around- to reach a larger segment of struggling Canadians and help them improve their credit, consolidate their debt, and improve their financial health. The competition came to an end today, and we ended the semester in the best possible way. Competing against over 1500 students and 300 groups, it was a tough process with lots of learning and adapting done along the way. I’d like to give a massive thank you to my teammates, Adam Anderson , Dua Asad, Zainah Alvi, and Emily Ancimer, who all helped make this win possible. I’d also like to thank our wonderful IA, Amanda Hilliard, for her helpful feedback and commitment to helping our team win. Finally, I’d like the thank the entire Parachute team, specifically Bruce Hodges, and the Lazaridis School of Business & Economics at Wilfrid Laurier University for organizing this event and making it possible!

Another reminder for our upcoming Parachute Prosperity webinar - Making Peace with your Money. Some information about our guest, Shaun Maslyk, FBS ®, CFP®, B.Comm, CIP: As a trained and practicing Certified Financial Planner® and Certified Financial Behavior Specialist®, Shaun integrates psychology, positive psychology, and coaching psychology theories to awaken our money stories and flourish beyond our finances. Shaun is studying and researching the relationship between money, behavioural change, psychology and human flourishing at the University of East London. Register now! https://lnkd.in/g5pPf7Zt

I cannot get enough of learning how our mind and our money are connected. I am so pleased to have the opportunity to discuss this with Shaun Maslyk, FBS ®, CFP®, B.Comm, CIP and host of the podcast series, 'The Most Hated 'F' Word'. What you'll get from this webinar: - a down to earth overview of financial well-being - insights on how to flourish beyond your finances - tips on how to have a happy, healthy, and thriving relationship with money Please join us on December 5 at 1 pm ET by registering here: https://lnkd.in/g5pPf7Zt If you are not able to attend, please register and we will send you a recording after the event.

We kicked off #flm2023 with Mac Gardner, CFP® for our second episode of the Parachute Prosperity webinar series. We talked about his passion for financial literacy in children, ways kids can start to understand money in a different way (where the Four Money Bears come in), and how to have a conversation about money with your kids. As Mac points out - if you're not having the conversation with your kids, they're having it elsewhere. Hope you enjoy, I sure did! https://lnkd.in/ecGkV33V #FLM2023 #parachuteprosperity #myparachute #financialwellbeing #financialwellness #financialliteracy #financialliteracymonth