Episode 2: Minding Your Money with Chantel Chapman and Rubina Ahmed-Haq
Listen on → Apple Podcast | Spotify
ABOUT THE EPISODE
“You have to know how much your business costs each month to run, and plan for emergencies… Cash is queen when it comes to emergencies.” – Rubina Ahmed-Haq
Confronting the fears, assumptions and stories we tell ourselves about money is an important early step to flexing our resilience muscles. In this episode for The Go-To: Special Edition, we walk through the trauma of money with Chantel Chapmen, Founder of What the Finances, to discover what gets in our way of thriving financially. Then, we dive into the practical aspects of money, including cash flow and planning for emergencies, with Rubina Ahmed-Haq, freelancer, personal finance expert. Let’s put our minds on our money and get to it.
In this episode:
Chantel discusses the stories that impact our relationship with money
Learn how to take inventory of your values and move into your window of resilience
Rubina digs into cash flow and share how you should be planning for emergencies as a business owner
Calculate how much your burn rate is and how long your business could survive based on your cash flow
Resources mentioned in this episode:
The Artist’s Way by Julia Cameron
Workbook: Dive deeper into the concepts of episode 2 with our free, downloadable workbook.
“Umm... I Missed That”
Entrepreneurship is a world of its own, which means the some of the lingo used might get lost in translation. Don’t worry, we’ve got your back. Here are a few of the key terms you’ll hear on this episode of The Go-To and what they actually mean.
Burn rate: the rate at which your company uses cash
Financial runway: amount of time your business can operate before running out of cash
Hyper-arousal: fight or flight; action-oriented reaction to the situation
Hypo-arousal: freezing or shutting down; collapsing in a situation
Window of resilience (or tolerance): the area where you can handle levels of stress while still having access to cognitive reasoning
Meet Our Guests
Chantel Chapman, Founder of What the Finances
#ResilienceIs: actively fostering the resilient mindset by working a program. I really believe that if you exist in western society, you are going to be working a program, you just might not know what the program is. You could be working a program of consumerism and not really realize it. I want to reclaim and take control of my own program that I work. For me, I have a dedicated devotional meditation practice. I have an intimate connection with my breath and my nervous system. Doing this allows me to tune into my intuition, which is incredibly important as an entrepreneur.
As the co-founder of The Trauma of Money and founder of What The Finances, Chantel Chapman is considered the money teacher you have been waiting for; renowned for her edgy, relatable and soulful mindful money guidance. Drawing influence from 14 years of experience as a mortgage broker, 10 years as a financial literacy consultant, and extensive research in addiction, behavioral science, trauma and mindfulness, her distinct disciplines make learning about money the antithesis of anything you experienced through traditional schooling. Chantel recognized the need to explore the ties between addiction, trauma and money to help people heal, grow, and strengthen their relationship with their bank accounts.
After completing meditation and Kundalini teacher training in India and Vancouver, intentional mindfulness for healing behavioral issues with money has become a core part of her financial literacy business. Chantel was the lead on building Canada's first digital mortgage experience with free credit score and consultant on other innovative products with one of Canada's largest Fintech brands. Chantel is also the co-founder of School by K&P, an online school for creative entrepreneurs that also provides free education for marginalized communities across North America.
Follow Chantel on Instagram at @chantelchapman
Follow The Trauma of Money at @traumaofmoney
Follow What the Finances at @whatthefinances
Learn more about The Trauma of Money at thetraumaofmoney.com.
Rubina Ahmed-Haq, Freelance Personal Finance Expert
#ResilienceIs: taking each day as it comes. Being resilient doesn’t mean that things don’t affect you and that you don’t have down days and good days. I think to be resilient means that you understand that those days are going to happen and you prepare for them and you let yourself experience those days. It also means taking care of your finances.
Rubina is a journalist and personal finance expert. She regularly appears on TV and radio across Canada and writes for several online and magazine publications. This includes CBC Radio and Television, Global News Toronto and Global News Radio 640 Toronto. She writes regular columns for several magazines and has her own website www.alwayssavemoney.com
Rubina began her career as a broadcast journalist in 1999. As a business reporter she has worked for CP24 from the Toronto Stock Exchange and reported for BNN. Her work has also appeared in the Toronto Star and various other national magazines. She has a Bachelor of Arts degree from York University and an alumna of the Humber College post-graduate journalism program. She has also completed the Canadian Securities Course.
Follow Rubina on Twitter at @alwayssavemoney
The Go-To: Special Edition is produced in collaboration with:
