05 - Planswell

2017-06-07

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When I first heard about Planswell, I joined their waiting list immediately. Planswell is giving free financial plans to all Canadians. This is what I’ve been looking for. Free budgeting and tracking from mint.com and now free financial plans. As I was doing research for the podcast interview and as I got to know the team better, I realized that Planswell is more than just a quick free financial plan. It is definitely quick and free, but that first 4 minutes where you type in your info and a plan comes o...

When I first heard about Planswell, I joined their waiting list immediately.

Planswell is giving free financial plans to all Canadians.

This is what I’ve been looking for. Free budgeting and tracking from mint.com and now free financial plans. As I was doing research for the podcast interview and as I got to know the team better, I realized that Planswell is more than just a quick free financial plan.

It is definitely quick and free, but that first 4 minutes where you type in your info and a plan comes out - that’s just the beginning. Just like me with my personal finance coach clients, Planswell wants to help you over the long run.

The first plan is just the first plan. Every 6 months after that, you’re going to update that plan. Every 6 months for the next 40 or 50 years.

Planswell is not just about investing your money. The results of the plan depend on your personal financial situation. If you come to Planswell and you are in debt, the plan is going to have a debt repayment part to it. The plan may even tell you to put all of your available funds towards the debt and help you figure out how to do that. Planswell is not going to just take your money and invest it without knowing everything else about you.

This is called holistic financial planning.

This is what I want for everyone.

THE INTERVIEW

I had this idea to bring my mobile podcast studio to the new Planswell HQ and interview the whole team all at once.

I wasn’t sure if they would go for it but they did and I’m really happy with the results.

Having the whole team as part of the interview meant that it wasn’t just one person answering questions, but that anyone could grab the mic if they had something to say.

Most importantly, I got to try my segment “Questions from the Internet” with a large group of people and it was really fun. You can find the start of that segment around the 35 minute mark.

Overall I had the best time chatting with Planswell and I hope you enjoy the podcast!

NEXT EPISODE

06 - Sean Cooper

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