Blog Post
Dean Kendall • May 16, 2022

What do Governing Bodies have to say about Hidden Investment Fees?

a judge sitting at a desk with a laptop

Canadian Securities Administration

In April 2016, the Canadian securities administrators (CSA) published a consultation paper that sets out a series of proposed “target reforms” that aim to address regulators ongoing concerns about client/advisor relationships. Regulators continue to be concerned about the large information gap that exists between most clients and their advisors, among other things. 


Indeed, several recent surveys have revealed that 40% - 60% of Canadian investors are unaware of how much they pay for investment advice; many believe they pay no fees at all. Regulators also are worried that clients lean too heavily on their advisors for financial advice and that, despite that reliance, clients are not getting value for their money.


Regulators are concerned that conflicts of interest, rooted in the compensation system are too pervasive and not well managed by advisors or their firms. 

Source: (Investment Executive by James Langton)


Regulators call the new rules CRM 2 – (Client Relationship Model). Under CRM2 investment firms have to provide personalized accounting of investment returns and the dollar amount of fees received in connection with your account. Most investors will see upgrades in fee and performance disclosure starting mid-January 2017 that cover calendar 2016. CRM2 provides disclosure of the cost of advice, but NOT the total cost of an investment product. Amazingly, CRM2 only requires partial disclosure!!!!!


You will NOT see what your advisor makes nor will you see investment fees. The reporting rules do not require disclosure of other costs of owning investment funds - such as management fees, fund operating costs, redemption fees and short-term trading fees. The cost of advice is what CRM2 covers, NOT the cost of the investment products you own.


Imagine you own mutual funds with a management expense ratio of 2.2 per cent. Trailing commissions would account for 1 percentage point of the MER, which you’ll see as a dollar amount under CRM2. The dollar cost of the remaining 1.2 points of MER will not be shown. If you have a fee-based account, you will be shown the dollar amount of fees paid to your investment firm, but not the fees associated with the products you own. Confused? So are most investors!


In the study, commissioned by University of Calgary’s school of Public policy and released earlier this year, the study’s author, Pierre Lortie, observed that comparability is necessary to promote market efficiency - which is where CRM2 disclosures still fall short. “The new set of cost-and performance-reporting requirements introduced by the [Canadian securities administrators (CSA)] - generally known in the industry as CRM2 - is lacking in this regard,” the report states. “The charges and compensation information to be provided to individual clients is limited to the amount paid directly or indirectly by an investor to the dealer firm. The report does not provide a breakdown of how much is paid to the advisor or for the different services rendered by the firm, it does not include the amount paid by the investor to the investment manager of the mutual funds or ETF’s in his or her portfolio, thus blurring transparency on total fees, nor does it address industry-wide transparency.” 

Source: Investment Executive by Jim Middlemiss

 

Ottawa. We Have a Problem!

Canadian regulators need to get on the side of consumers and investors to mandate full disclosure and transparency. We deserve better. The lack of full disclosure does not end there. It’s actually worse with other financial products that are not subject to the CRM2 rules!!

 

Some Products are EXEMPT from the New Rules!

CRM2, an initiative of the Canadian Securities Administrators (CSA), the Investment Industry Regulatory Organization of Canada and the Mutual Fund Dealers Association of Canada, covers only mutual funds and securities.

 

Products that fall under the jurisdiction of other regulatory bodies, such as insurance, PPNs, certain real estate and mortgage investment products, and guaranteed investment certificates, are therefore not subject to CRM2. For example an insurance investment product called a segregated fund is very similar to a mutual fund but is classified as an insurance product and, therefore, is not subject to the new disclosure requirements. With fees and commissions for mutual funds set to be outlined in far greater detail compared with those for segregated funds, it could become difficult for clients to make accurate comparisons between these types of products.

 

There has been some speculation within the investment industry that dual-licensed advisors may change their focus to selling segregated funds rather than mutual funds and securities, which require enhanced reporting of performance and costs. 


Source: Investment Executive by Jade Hemeon

Due to the insurance contract element, management-expense ratios on insurance based products can be an additional 50 to 150 basis points (.5 to 1.5%) on top of the cost of a mutual fund. (This equates to a 2.9% to 3.9% Management Expense Ratio!!)


Get Educated and Vote with Your Wallet

An email from the Ontario Securities Commission also stated that the CSA is preparing new requirements that it hopes to publish later this year. If approved, it will provide more detail to clients about the cost of investing. 

Even if those changes come, say Banerjee and Buffel, Canadians need to educate themselves to ensure they get all the information they need from banks. “If you understand the language that’s being spoken at you, you need to educate yourself and ask good questions,” Buffel advised. “Sometimes, the financial advisors are a little uncomfortable about those questions because they’re opening up and being more transparent about the fees, but that’s what a good consumer asks for.”

Banerjee also encourages unhappy bank customers to “vote with their wallets.”

“Canadians love to gripe about fees, but ultimately, don’t do anything about it,” he says.


The Fox in the Hen House- Big Banks and their Corporate Finance Departments

Canadian banks have large internal corporate finance departments (“investment bankers”) whose job it is to help Canadian businesses to create new securities (e.g. a new preferred share issue). They often create fancy “manufactured” products (e.g. a split-share corporation) and may take private companies public through initial public offerings. 


These products may be created by one department of the bank and then sold to the public through the brokerage arm of the same bank, meaning that the level of objectivity and independence of advisor and bank is certainly suspect. 


To avoid this potential trap, hold your accounts with a brokerage that does not have its own corporate finance group looking to distribute their products through their own sales force.


Product Ties That Bind…

A lesser discussed topic is the bank’s desire to keep a client for the long term. This means making it difficult to leave by tying the client to multiple products and services so that it is difficult or costly to leave. 


One element of this approach is the use of proprietary products. Proprietary products created by any institution cannot be transferred to another institution, meaning you will have to sell the asset if you leave, potentially triggering a costly taxable event. 


Proprietary products by any institution can include non-transferrable GICs, private pooled funds, wrap programs and others. These are NOT fringe products. They are mainstream products that many, many Canadians own. Yet, it is unlikely that you were told about the downsides of these products when you bought them. Be wary of proprietary products, regardless of how attractive they may seem. 


You might be asking yourself, “Where do I find the right Financial Consultant near me who charges a flat fee and will treat me fairly?” “Where can I find an advisor who can create an Integrated Aligned Overarching Strategy?” or “Where can I find an advisor who will only invest my money in proven passive investments? We suggest that you interview several. You’ll quickly learn that there are very few who are fiduciaries, believe in passive investing and have a process to create an Integrated Aligned Overarching Strategy. When you do find the right advisor, you’ll be able to relax in the knowledge that you are in the right hands and that your financial future is secure. Feel free to reach out to me with your questions. I’m committed to investor education.

 

Dean Kendall is a Financial Organizer in Calgary, handling all of the financial affairs for a select group of clients who value unbiased quality advice for one simple flat fee.

 

His book - Stop Paying Hidden Investment Fees! Click here for more information https://www.ideallifeexperience.com/Stop-Paying-Hidden-Investment-Fees

 

Newest book - Becoming The Champion of Your Dreams: How to Set and Achieve Your Most Important Goals Click here for more information. https://www.ideallifeexperience.com/Becoming-the-Champion-of-Your-Dreams

 

In addition, Dean is a 3X Canadian National # 1 Amateur, a 5X Canadian National #1 Professional BMX rider, downhill mountain biker and an avid snowboarder. He is an expert at winning. Let him show you how to win the money game. You can reach Dean at dean@ideal-life-experience.ca or Phone 403-543 -7226

 

©Copyright 2008 – 2022 by Dean Kendall. All rights reserved. 403-543-7226 dean@ideal-life-experience.ca

The Money-Health Link

By Dean Kendall • May 1, 2023
Does thinking about money make you tense? If you have ever wondered what would happen if you lost your job tomorrow or how to best optimize your finances, then you are not alone. A recent study shows 66% of Canadians feel financially unwell or just okay. Research shows there is a strong link between how financially well we feel, and our mental and physical health. Canadians who feel financially unwell are nearly 5 times less likely to participate in healthy physical activity and are more likely to experience financial stressors. On the flipside, Canadians who feel financially well are significantly more likely to say their physical health is excellent or good. They get more exercise, they eat more fruits and vegetables, they get health checkups more regularly and educate themselves on being healthier. Most importantly, they are less likely to worry about finances or stress over managing their money. Good financial habits can help improve our physical and emotional health. Here are some ideas to get you started: Ask for help, get perspective and take control. Everyone runs into significant financial issues in their lives. It could be sudden job loss, an inheritance, divorce, financial independence, severance, major purchases, purchase or sale of a business, excessive investment fees, couples not agreeing on financial issues or anything else that keeps you up at night. People often keep such problems to themselves. Talking things through with people who listen without judgment can lead to new solutions. More importantly, it’s a stress reliever. A personal financial crisis can feel like the end of the world, but the consequences generally aren’t life-and-death. What’s the worst that can happen? The answer may be a significant lifestyle change, such as downsizing into a different home, decreasing car payments and dramatically reducing expenses. I like to call this rightsizing your lifestyle. My advice is stop trying to keep up with the Joneses. If you look at the statistics, the Joneses are broke and faking it while racking up huge credit card debt. Build a “REAL” financial strategy. The most effective solution to financial stress is to create an Aligned Comprehensive Written Lifetime Financial Strategy. This strategy goes way beyond traditional retirement planning, money management or wealth management. Imagine, for the first time, experiencing a one-of-a-kind process that fully integrates and aligns your most important goals (financial and non-financial), with your most deeply held values (the people and things that are most important to you) and then determines how your finances should be arranged to optimize your fulfilment and enjoyment of life. Imagine the peace of mind & simplicity you will enjoy with an integrated, aligned overarching strategy for every area of your financial life (including banking, budgeting, bill paying, auto and other major purchases, financial and retirement planning, insurance, accounting and tax minimization, investments and money management, estate planning and more) all integrated into a single strategy that assures that you will achieve your ideal life goals in significantly less time than other methods. Never forget that your money is there to support the accomplishment of your Ideal Life. That’s why we start with a solid Ideal Life design planning process and keep working until you have a crystal-clear path to your Ideal Future. Then we go to work on how to support it financially. Money comes last… Remember, money is a tool that supports the accomplishment of your values and goals. The traditional financial services industry provides endless tactics that are typically tied to products pushed by salespeople in the wealth management industry. They try to distract you by comparing products against other products or the market. That’s all nonsense. Focus on the things that are firmly within your control. And remember that all those big brand name institutions you have grown to trust are ONLY paid if they sell you a product. What people need to become wealthy and stress free is a FLAT- FEE for advice FIDUCIARY who creates an Aligned Comprehensive Written Lifetime Financial Strategy. This is a living document that is adjusted frequently as your life changes. It is a prioritized step-by-step written plan of action. It outlines your current reality and clarifies whether you are on track or off track to your Ideal Life goals. It highlights actionable items and course corrections allowing you to actualize your ideal financial future. Just like your health, you cannot have a one-time checkup or plan with your doctor and expect your health to magically stay on track. With a well-designed financial strategy in place, it becomes possible to lower your stress and live into your Ideal Life vision TODAY…despite what is happening in the world… not in some imaginary future. It becomes possible to shift your mental energy away from financial issues and towards what matters most to you in life. Let me show you how we can make it happen. Consider the possibilities...What would you do with extra free time every month? What would you do with an extra decade free of financial cares? Note: This may be the most important paragraph in this article: What is the scarcest commodity on Planet Earth? It is not gold or diamonds or money. It is TIME! Time is what we all have too little of, yet we are willing to squander precious YEARS of it NOT achieving our goals because we are simply too lazy to do our homework on our financial lives and the advisors we choose. This is an enormous waste of human potential. You can be living Your Ideal Life much sooner than you imagine, but you must take action right now to get it on track. The ultimate goal of this entire process is to enable you to be FREE to use your precious time in the ways that you choose on your most important priorities. The definition of true wealth is complete control over your time. Money is just an enabler of that control. Our job is to ensure you have all the money you need to live life exactly as you choose. The outcome is people are much calmer due to a newfound confidence in their future, always knowing if they are on track or off track and making course corrections to achieving each of their goals. They are actively focused on living their values and living into their Ideal Lives right now. If you are ready to get really serious about living your Ideal Life and getting your financial house in perfect order, please call me a t 403-543-7226 or email me at dean@ideal-life-experience.ca to get started. I look forward to working with you to reach all of your goals. Dean Kendall is a Financial Organizer in Calgary, handling all of the financial affairs for a select group of clients who value unbiased quality advice for one simple flat fee. His book - Stop Paying Hidden Investment Fees! Click here for more information https://www.ideallifeexperience.com/Stop-Paying-Hidden-Investment-Fees Newest book - Becoming The Champion of Your Dreams: How to Set and Achieve Your Most Important Goals Click here for more information. https://www.ideallifeexperience.com/Becoming-the-Champion-of-Your-Dreams In addition, Dean is a 3X Canadian National # 1 Amateur, a 5X Canadian National #1 Professional BMX rider, downhill mountain biker and an avid snowboarder. He is an expert at winning. Let him show you how to win the money game. You can reach Dean at dean@ideal-life-experience.ca or Phone 403-543 -7226 ©Copyright 2008 – 2023 by Dean Kendall. All rights reserved. 403-543-7226 dean@ideal-life-experience.ca

Dean Kendall Success Formula - Step #13

By Dean Kendall • April 16, 2023
The Goal Setting System Goal setting is an essential part of living life to the fullest. Goals give our lives purpose, meaning, direction, and keep us grounded and focused. They help increase our motivation and help us fulfill our desires in life. Top athletes, people in the business world, and anyone who is successful sets goals daily. Sometimes, people fail to reach their goals because they become distracted with everyday life or lack the motivation and drive to follow through on their commitments. To help you with those issues, I want to share with you my specific goal setting system to overcome inertia. It doesn’t matter if your goal is to run a marathon or save up enough money to travel around Europe, the process is the same. Once you master it, you will be unstoppable. STEP #13: Reward yourself Throughout this process, it is essential that you take time out to reward yourself for your accomplishments. It is important to celebrate your successes every step of the way, even if it is only a small step. All progress is progress! This will increase your motivation and your momentum. Remember, this is about the journey as much as it is about the end goal. If all you do is worry about the future, you will burn out. Burnout is experienced when you work too hard, without letting yourself have time to relax and reset. Recognize those little wins because they will keep you going, and they will add to your positive mindset. When you reach a major milestone, it is important to pause and take time to acknowledge it. This reinforces the idea that what you are doing is exciting and important and gives you the chance to reset before the next big push. Setting goals and achieving them is hard work. It is something to be very proud of in your life. Taking the time to recognize yourself and your accomplishments should always be a part of this process. These steps have served me well in my racing life, in my business life, and in my personal life. These are the bits of wisdom I share with clients when they are struggling to meet a personal or financial goal. Taking a quick time out to refocus helps them get back on track. Dean Kendall is a Financial Organizer in Calgary, handling all of the financial affairs for a select group of clients who value unbiased quality advice for one simple flat fee. His book - Stop Paying Hidden Investment Fees! Click here for more information https://www.ideallifeexperience.com/Stop-Paying-Hidden-Investment-Fees Newest book - Becoming The Champion of Your Dreams: How to Set and Achieve Your Most Important Goals Click here for more information. https://www.ideallifeexperience.com/Becoming-the-Champion-of-Your-Dreams In addition, Dean is a 3X Canadian National # 1 Amateur, a 5X Canadian National #1 Professional BMX rider, downhill mountain biker and an avid snowboarder. He is an expert at winning. Let him show you how to win the money game. You can reach Dean at dean@ideal-life-experience.ca or Phone 403-543 -7226 ©Copyright 2008 – 2023 by Dean Kendall. All rights reserved. 403-543-7226 dean@ideal-life-experience.ca

Dean Kendall Success Formula - Step #12

By Dean Kendall • April 10, 2023
The Goal Setting System Goal setting is an essential part of living life to the fullest. Goals give our lives purpose, meaning, direction, and keep us grounded and focused. They help increase our motivation and help us fulfill our desires in life. Top athletes, people in the business world, and anyone who is successful sets goals daily. Sometimes, people fail to reach their goals because they become distracted with everyday life or lack the motivation and drive to follow through on their commitments. To help you with those issues, I want to share with you my specific goal setting system to overcome inertia. It doesn’t matter if your goal is to run a marathon or save up enough money to travel around Europe, the process is the same. Once you master it, you will be unstoppable. STEP #12: Change is okay Change is an inevitable part of life and re-evaluating your goals to fit your life is essential. You may require an alternative plan if your initial plans are not working out the way they should. Don’t become so focused on your action plan that you lose sight of the end goal. It is good to make changes to your process goals and alter your plan throughout the process. Re-evaluating your goals is a learning process that requires time and patience. Life is change, which is why it is completely normal for your goals to mutate over time with you. If you are not changing your goals out of laziness or lack of motivation, this is a normal part of the process. Dean Kendall is a Financial Organizer in Calgary, handling all of the financial affairs for a select group of clients who value unbiased quality advice for one simple flat fee. His book - Stop Paying Hidden Investment Fees! Click here for more information https://www.ideallifeexperience.com/Stop-Paying-Hidden-Investment-Fees Newest book - Becoming The Champion of Your Dreams: How to Set and Achieve Your Most Important Goals Click here for more information. https://www.ideallifeexperience.com/Becoming-the-Champion-of-Your-Dreams In addition, Dean is a 3X Canadian National # 1 Amateur, a 5X Canadian National #1 Professional BMX rider, downhill mountain biker and an avid snowboarder. He is an expert at winning. Let him show you how to win the money game. You can reach Dean at dean@ideal-life-experience.ca or Phone 403-543 -7226 ©Copyright 2008 – 2023 by Dean Kendall. All rights reserved. 403-543-7226 dean@ideal-life-experience.ca

Dean Kendall Success Formula - Step #11

By Dean Kendall • April 3, 2023
The Goal Setting System Goal setting is an essential part of living life to the fullest. Goals give our lives purpose, meaning, direction, and keep us grounded and focused. They help increase our motivation and help us fulfill our desires in life. Top athletes, people in the business world, and anyone who is successful sets goals daily. Sometimes, people fail to reach their goals because they become distracted with everyday life or lack the motivation and drive to follow through on their commitments. To help you with those issues, I want to share with you my specific goal setting system to overcome inertia. It doesn’t matter if your goal is to run a marathon or save up enough money to travel around Europe, the process is the same. Once you master it, you will be unstoppable. STEP #11: Focus on Accomplishments Look backwards is often more motivating than looking forward. While looking forward to a big goal can be daunting, looking backward can be more motivating because you will see all the work that you have put in and all the milestones you have already met. Choose whichever view gets you most excited and keeps you in the game. Success comes to those who persevere. Dean Kendall is a Financial Organizer in Calgary, handling all of the financial affairs for a select group of clients who value unbiased quality advice for one simple flat fee. His book - Stop Paying Hidden Investment Fees! Click here for more information https://www.ideallifeexperience.com/Stop-Paying-Hidden-Investment-Fees Newest book - Becoming The Champion of Your Dreams: How to Set and Achieve Your Most Important Goals Click here for more information. https://www.ideallifeexperience.com/Becoming-the-Champion-of-Your-Dreams In addition, Dean is a 3X Canadian National # 1 Amateur, a 5X Canadian National #1 Professional BMX rider, downhill mountain biker and an avid snowboarder. He is an expert at winning. Let him show you how to win the money game. You can reach Dean at dean@ideal-life-experience.ca or Phone 403-543 -7226 ©Copyright 2008 – 2023 by Dean Kendall. All rights reserved. 403-543-7226 dean@ideal-life-experience.ca

Dean Kendall Success Formula - Step # 10

By Dean Kendall • March 27, 2023
The Goal Setting System Goal setting is an essential part of living life to the fullest. Goals give our lives purpose, meaning, direction, and keep us grounded and focused. They help increase our motivation and help us fulfill our desires in life. Top athletes, people in the business world, and anyone who is successful sets goals daily. Sometimes, people fail to reach their goals because they become distracted with everyday life or lack the motivation and drive to follow through on their commitments. To help you with those issues, I want to share with you my specific goal setting system to overcome inertia. It doesn’t matter if your goal is to run a marathon or save up enough money to travel around Europe, the process is the same. Once you master it, you will be unstoppable. STEP #10: Hold yourself accountable The next thing you must focus on is holding yourself accountable throughout this process. This is the part where you stay loyal to your plan, and make sure you are giving it your all. A great way to hold yourself accountable is writing everything down. Doing this will ensure that you know your goals and reviewing them will remind you to stay motivated. Sharing your goals with others who support you, will help hold you accountable. Telling others about your goals should make you feel like you don’t want to let them down. Letting yourself down can sometimes be easier than letting others close to you down. Fessing up to other people that you are not giving something your all is difficult, so accountability to them can be huge. Dean Kendall is a Financial Organizer in Calgary, handling all of the financial affairs for a select group of clients who value unbiased quality advice for one simple flat fee. His book - Stop Paying Hidden Investment Fees! Click here for more information https://www.ideallifeexperience.com/Stop-Paying-Hidden-Investment-Fees Newest book - Becoming The Champion of Your Dreams: How to Set and Achieve Your Most Important Goals Click here for more information. https://www.ideallifeexperience.com/Becoming-the-Champion-of-Your-Dreams In addition, Dean is a 3X Canadian National # 1 Amateur, a 5X Canadian National #1 Professional BMX rider, downhill mountain biker and an avid snowboarder. He is an expert at winning. Let him show you how to win the money game. You can reach Dean at dean@ideal-life-experience.ca or Phone 403-543 -7226 ©Copyright 2008 – 2023 by Dean Kendall. All rights reserved. 403-543-7226 dean@ideal-life-experience.ca

The Dean Kendall Success Formula - Step #9

By Dean Kendall • March 20, 2023
The Goal Setting System Goal setting is an essential part of living life to the fullest. Goals give our lives purpose, meaning, direction, and keep us grounded and focused. They help increase our motivation and help us fulfill our desires in life. Top athletes, people in the business world, and anyone who is successful sets goals daily. Sometimes, people fail to reach their goals because they become distracted with everyday life or lack the motivation and drive to follow through on their commitments. To help you with those issues, I want to share with you my specific goal setting system to overcome inertia. It doesn’t matter if your goal is to run a marathon or save up enough money to travel around Europe, the process is the same. Once you master it, you will be unstoppable. STEP #9: Get Feedback! Feedback is critical to improving your performance and increasing your ability to achieve your goals. You only have one perspective, and often others will see things through different lenses. Ask for advice from those you trust, and those who will give you honest feedback. It is critical that you hear the unvarnished truth. Feedback is the cheapest and the most powerful way to gauge how other people perceive your accomplishments. It is an important tool to assess how well you’re meeting your standards. Dean Kendall is a Financial Organizer in Calgary, handling all of the financial affairs for a select group of clients who value unbiased quality advice for one simple flat fee. His book - Stop Paying Hidden Investment Fees! Click here for more information https://www.ideallifeexperience.com/Stop-Paying-Hidden-Investment-Fees Newest book - Becoming The Champion of Your Dreams: How to Set and Achieve Your Most Important Goals Click here for more information. https://www.ideallifeexperience.com/Becoming-the-Champion-of-Your-Dreams In addition, Dean is a 3X Canadian National # 1 Amateur, a 5X Canadian National #1 Professional BMX rider, downhill mountain biker and an avid snowboarder. He is an expert at winning. Let him show you how to win the money game. You can reach Dean at dean@ideal-life-experience.ca or Phone 403-543 -7226 ©Copyright 2008 – 2023 by Dean Kendall. All rights reserved. 403-543-7226 dean@ideal-life-experience.ca

The Dean Kendall Success Formula - Step #8

By Dean Kendall • March 13, 2023
The Goal Setting System Goal setting is an essential part of living life to the fullest. Goals give our lives purpose, meaning, direction, and keep us grounded and focused. They help increase our motivation and help us fulfill our desires in life. Top athletes, people in the business world, and anyone who is successful sets goals daily. Sometimes, people fail to reach their goals because they become distracted with everyday life or lack the motivation and drive to follow through on their commitments. To help you with those issues, I want to share with you my specific goal setting system to overcome inertia. It doesn’t matter if your goal is to run a marathon or save up enough money to travel around Europe, the process is the same. Once you master it, you will be unstoppable. STEP #8: Just do it! Now it’s time to act on everything you have planned in the previous steps. There is no time like the present. If you start today, you will be a day closer to reaching your goals. If you start right now, you will be hours closer to getting your outcome. You must start somewhere, so dig deep and find the courage and motivation to just go for it! Your goals will never happen if you keep waiting for tomorrow. Stop getting ready to get ready, or as I like to call it, analysis paralysis. Just Do It!! It may seem scary to take that first step, but what do you have to lose? Jump in the deep end and figure things out as you go. You can only do so much planning before you just have to go for it. You have a written plan for living your Heroic Life. It is time to become the champion of your dreams and start acting like a hero! Dean Kendall is a Financial Organizer in Calgary, handling all of the financial affairs for a select group of clients who value unbiased quality advice for one simple flat fee. His book - Stop Paying Hidden Investment Fees! Click here for more information https://www.ideallifeexperience.com/Stop-Paying-Hidden-Investment-Fees Newest book - Becoming The Champion of Your Dreams: How to Set and Achieve Your Most Important Goals Click here for more information. https://www.ideallifeexperience.com/Becoming-the-Champion-of-Your-Dreams In addition, Dean is a 3X Canadian National # 1 Amateur, a 5X Canadian National #1 Professional BMX rider, downhill mountain biker and an avid snowboarder. He is an expert at winning. Let him show you how to win the money game. You can reach Dean at dean@ideal-life-experience.ca or Phone 403-543 -7226 ©Copyright 2008 – 2023 by Dean Kendall. All rights reserved. 403-543-7226 dean@ideal-life-experience.ca

The Dean Kendall Success Formula - Step #7

By Dean Kendall • March 6, 2023
The Goal Setting System Goal setting is an essential part of living life to the fullest. Goals give our lives purpose, meaning, direction, and keep us grounded and focused. They help increase our motivation and help us fulfill our desires in life. Top athletes, people in the business world, and anyone who is successful sets goals daily. Sometimes, people fail to reach their goals because they become distracted with everyday life or lack the motivation and drive to follow through on their commitments. To help you with those issues, I want to share with you my specific goal setting system to overcome inertia. It doesn’t matter if your goal is to run a marathon or save up enough money to travel around Europe, the process is the same. Once you master it, you will be unstoppable. STEP #7: Delegate parts of your goal! You need to delegate every possible part of your goal that you can delegate. You should only do those things that ONLY you can do. When I was racing, I needed to focus on my conditioning, my diet, my practice, studying my competitors and my racing. Every minute that I spent planning trips or cooking, was a minute that I was stealing from the things that ONLY I could do. Make a list of the tasks that only you can do and then try to find a way to delegate everything else to your support team or people you can pay to do those other tasks for you. Focusing on your gifts and strengths will make them greater and stronger and pay far higher dividends. Delegate EVERYTHING else possible. Dean Kendall is a Financial Organizer in Calgary, handling all of the financial affairs for a select group of clients who value unbiased quality advice for one simple flat fee. His book - Stop Paying Hidden Investment Fees! Click here for more information https://www.ideallifeexperience.com/Stop-Paying-Hidden-Investment-Fees Newest book - Becoming The Champion of Your Dreams: How to Set and Achieve Your Most Important Goals Click here for more information. https://www.ideallifeexperience.com/Becoming-the-Champion-of-Your-Dreams In addition, Dean is a 3X Canadian National # 1 Amateur, a 5X Canadian National #1 Professional BMX rider, downhill mountain biker and an avid snowboarder. He is an expert at winning. Let him show you how to win the money game. You can reach Dean at dean@ideal-life-experience.ca or Phone 403-543 -7226 ©Copyright 2008 – 2023 by Dean Kendall. All rights reserved. 403-543-7226 dean@ideal-life-experience.ca

Dean Kendall Success Formula Step #6

By Dean Kendall • February 27, 2023
The Goal Setting System Goal setting is an essential part of living life to the fullest. Goals give our lives purpose, meaning, direction, and keep us grounded and focused. They help increase our motivation and help us fulfill our desires in life. Top athletes, people in the business world, and anyone who is successful sets goals daily. Sometimes, people fail to reach their goals because they become distracted with everyday life or lack the motivation and drive to follow through on their commitments. To help you with those issues, I want to share with you my specific goal setting system to overcome inertia. It doesn’t matter if your goal is to run a marathon or save up enough money to travel around Europe, the process is the same. Once you master it, you will be unstoppable. STEP #6: Is your goal measurable? Are you on track or off track? The next step is ensuring that progress toward your goal is measurable. A great example of a measurable goal was when John F. Kennedy said, “We will put a man on the moon by the end of the decade and return him safely to earth.” There was no question about what success and failure looked like nor was there any wiggle room on the date. We either had landed a human being on the moon and returned them safely to Earth or we had not. Nothing wishy washy there. We had either done that by December 31st, 1969, or we had not. This was a clear goal with measurable outcomes. Along with your written action plan, you’ll want to set benchmarks for yourself. This will ensure that you know whether you are on track or off track throughout your journey. Making sure you can track the progress of your goal is essential for long-term success. Setting milestones and reasonable deadlines for interim steps will help you adjust your pace and intensity and will ensure that you stay on track to your desired timeframe. Making sure that your goal is attainable in your timeframe is also important. Sometimes during the milestone setting process you will discover that sub-parts of your goal will take longer than you thought, and you will choose to change your overall timetable. Giving yourself extra time for learning and encountering the unexpected will ensure that you stay on track and will lower your stress levels. If you get a little off track during this process, it is OK. NASA was off-track more than 98% of the time on the way to the moon. They just kept making little adjustments to get back on track. You’ll do the same. Being off-track on the way is normal if you course correct and get back on track as you go. Dean Kendall is a Financial Organizer in Calgary, handling all of the financial affairs for a select group of clients who value unbiased quality advice for one simple flat fee. His book - Stop Paying Hidden Investment Fees! Click here for more information https://www.ideallifeexperience.com/Stop-Paying-Hidden-Investment-Fees Newest book - Becoming The Champion of Your Dreams: How to Set and Achieve Your Most Important Goals Click here for more information. https://www.ideallifeexperience.com/Becoming-the-Champion-of-Your-Dreams In addition, Dean is a 3X Canadian National # 1 Amateur, a 5X Canadian National #1 Professional BMX rider, downhill mountain biker and an avid snowboarder. He is an expert at winning. Let him show you how to win the money game. You can reach Dean at dean@ideal-life-experience.ca or Phone 403-543 -7226 ©Copyright 2008 – 2023 by Dean Kendall. All rights reserved. 403-543-7226 dean@ideal-life-experience.ca

Dean Kendall Success Formula - Step #5

By Dean Kendall • February 20, 2023
The Goal Setting System Goal setting is an essential part of living life to the fullest. Goals give our lives purpose, meaning, direction, and keep us grounded and focused. They help increase our motivation and help us fulfill our desires in life. Top athletes, people in the business world, and anyone who is successful sets goals daily. Sometimes, people fail to reach their goals because they become distracted with everyday life or lack the motivation and drive to follow through on their commitments. To help you with those issues, I want to share with you my specific goal setting system to overcome inertia. It doesn’t matter if your goal is to run a marathon or save up enough money to travel around Europe, the process is the same. Once you master it, you will be unstoppable. STEP #5: Have you taken your personal skills assessment? The next step in the process is considering your talents and expertise. Think about what it is going to take to accomplish every step of your goal. Identify your strengths and weaknesses. Determine who else you will need to help you shore up your weaknesses. There is no shame in asking for help. I have had help in every step of my life journey and even right now I meet with my coaches and mentors every week and sometimes daily. I PAY for monthly coaching because I always want to take my business and my life to the next level. There is honor in paying others to help you. It is a sign of strength to know your limitations and seek help to shore them up. You are smart enough to know in what areas you are not an expert, and you can intentionally bring that expertise into your life. You must decide which areas will be easy for you, and which areas you may need help. Getting expert help will allow you to focus on the things you are good at. Taking some things off your plate will also relieve stress and give you time to relax and enjoy the journey. Taking the time to rewind and reflect is necessary. Dean Kendall is a Financial Organizer in Calgary, handling all of the financial affairs for a select group of clients who value unbiased quality advice for one simple flat fee. His book - Stop Paying Hidden Investment Fees! Click here for more information https://www.ideallifeexperience.com/Stop-Paying-Hidden-Investment-Fees Newest book - Becoming The Champion of Your Dreams: How to Set and Achieve Your Most Important Goals Click here for more information. https://www.ideallifeexperience.com/Becoming-the-Champion-of-Your-Dreams In addition, Dean is a 3X Canadian National # 1 Amateur, a 5X Canadian National #1 Professional BMX rider, downhill mountain biker and an avid snowboarder. He is an expert at winning. Let him show you how to win the money game. You can reach Dean at dean@ideal-life-experience.ca or Phone 403-543 -7226 ©Copyright 2008 – 2023 by Dean Kendall. All rights reserved. 403-543-7226 dean@ideal-life-experience.ca
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