“What is the use of living, if it be not to strive for noble causes and to make this muddled world a better place for those who will live in it after we are gone?”
Winston Churchill
Share.Learn.Inspire.Transform
“What is the use of living, if it be not to strive for noble causes and to make this muddled world a better place for those who will live in it after we are gone?”
Winston Churchill
I grew up with a very popular sister. As such, I often had front row seats to some of the best/worst pick-up lines out there. My favourite was, “I’m writing a phonebook; can I get your number?”
When you are young, being asked for your number is usually a flattering experience. Being grown up and having a financial planner ask for your number is not quite the same compliment, albeit much more important.
The number in question is the number required to maintain your dignity. Financial planners and their clients alike can use this number as a basis for nearly all aspects of your financial planning.
Arriving at this number is relatively simple. One could argue that to maintain your dignity you need to ensure that you always have enough money to: stay in your home, maintain your current form of transportation, and eat.
Three simple areas to ensure that you will always be able to maintain a certain quality of life (financially).
So, for example, if the cost of carrying your home is $1,700/mth; transportation is $600/mth; groceries are $700/mth, then your number is $3,000/mth. This means that as long as you have $3,000 coming in each month, you will experience at least a basic level of comfort. No fun money, but no financial devastation.
This number can be used in all aspects of financial planning. For example, knowing this number makes it easy to determine the minimum amount of various insurances one should have. For instance: Life Insurance – Pay off debt and ensure my survivor has enough to maintain their dignity. Disability Insurance – ensure that there is at least $3,000/mth of coverage. Remember, these are minimums and very generalized examples.
In retirement, you should ensure that there is enough income coming from guaranteed sources to at least cover your dignity number. So, if you don’t have an employer pension and Canada Pension Plan (CPP) and Old Age Security (OAS) are not enough to cover your dignity number then it might be a good idea to cover this shortfall with personal investments/products that offer guarantees.
CEGE Connection Editor’s Note: Republished with permission from OurWindsor.ca and Simcoe.com
Jed Levene MBA(FS) 2013 is President, Rockwater Wealth Management Limited and Investment Representative of Quadrus Investment Services ltd. He is a Certified Financial Planner® and holds a certificate in Behavioural Finance from Duke University. His articles on financial planning appear regularly on Orillia Today, Simcoe.com, CEGE Connection is pleased to advise that Jed has graciously agreed to be a repeat contributor on CEGE Connection.
“Should auld acquaintance be forgot,
and never brought to mind?
Should auld acquaintance be forgot,
and auld lang syne?
For auld lang syne, my jo,
for auld lang syne,
we’ll tak’ a cup o’ kindness yet,
for auld lang syne”.
Robert Burns, (January 25, 1759 – July 21, 1796)
Robbie Burns message “Should auld acquaintance be forgot and never brought to mind?” remains ever relevant in a world where friendships have taken on a global perspective. His words, traveling across the centuries, are a call to action. On this Robbie Burns Day 2020, let us celebrate and remember the importance of friendship and camaraderie.
“We cling to our own point of view, as though everything depended on it. Yet our opinions have no permanence; like autumn and winter, they gradually pass away.”
Zhuangzi
As a proud graduate of Dalhousie University (BA ’85, BSW ’87, MPA(M) ’01) I am delighted to have the opportunity to share my perspectives of the MPA(M) program and how the School of Public Administration has shaped and influenced my professional practice and development.
Today, more than ever, I have come to appreciate and value the opportunity I had in 1999. I’ve gained extensively from the MPA(M) program and pleased to see how it has evolved to its leading stature today.
In 1999, I was a member of the first cohort of the Province of Nova Scotia sponsored MPA(M) class. The newly created MPA(M) program was a joint initiative between the Province of Nova Scotia and Dalhousie University that recognized the province’s goal of promoting and investing in advanced learning for its senior ranks. Since graduating, my learning outcomes and observations of the program have held true and remain relevant some twenty years later.
There are three key aspects that I wish to highlight: high-quality learning; benefits of the teaching model; and achieving results.
Over the years, I have promoted the value of the program to other public servants and have had the opportunity to regularly share my experiences with MPA students at the School of Public Administration. I am grateful for my learning experiences at Dalhousie University and fortunate to be able to have the opportunity to give back a little – which I will continue to do.
Albert ‘Buddy’ Walzak is the Executive Director of the Nova Scotia Department of Intergovernmental Affairs. He is responsible for the general administration and operations of the department. He helps lead the coordination and advancement of the province’s interests and works to maintain productive relationships with regional, national and international partners. Through these relationships, he helps advance the province’s economic, government and international objectives.
“I know this much: that there is objective time, but also subjective time, the kind you wear on the inside of your wrist, next to where the pulse lies. And this personal time, which is the true time, is measured in your relationship to memory.”
Julian Barnes, The Sense of an Ending
The Class of 1999 was the first to cross the stage to receive the prestigious MBA(FS)degree. Eighteen years have passed and over 1,000 have graduated since that inaugural class. We hold a special significance for beginnings and for those individuals who were “there” when is all began.
Yvonne Thevenot, a graduate in the Class of 1999, is a role model, coach, mentor and relentless advocate when it comes to business effectiveness, change management and performance excellence. Her consulting practice draws on extensive first-hand experience in change management as a sponsor of change, business lead and change manager at both strategic and tactical levels. Expertise in business to business relationship management stems from her Prairies roots in agricultural lending and has extended through banking, wealth management, insurance – and more recently the hip-hop music industry as unpaid on-call support to her son’s burgeoning studio. With degrees from both the University of Manitoba and Dalhousie University, her passion for learning contributes to professional designations as a Professional Agrologist, a Certified Financial Planner, a certified mentor and an accredited change manager from two different global organizations.
And what does she do for fun? Now that her children Shea and Jared have (mostly) moved out, Yvonne enjoys all types of sporting events, theatre, concerts and the best of what Toronto has to offer for entertainment. She participates on the board of global change management and mentoring associations and participates annually in raising funds for cancer research, with personal fundraising exceeding $50,000. Oh! And she loves her motorbike, even though she and her partner Ian do not spend as much time on them as they would like.
In a recent virtual interview, Yvonne reflects back to her MBA(FS) years.
How did the MBA influence my choices and decisions?
Whenever I am asked “What did you learn in your MBA?”, my response is always the same…. Time management! At the core of being successful in my MBA was learning how to juggle the course load of two programs (the Fellow of the Institute of Canadian Bankers as well as the MBA requirements), a developing career, a young family (my children were 10 and 5 at the time), and community involvement. I learned to choose how much time to spend on assignments and achieve satisfactory marks, how to choose activities with my children that were important to them and our relationship, and how to let go of things that perhaps really didn’t matter as much as I might have once thought.
How would you encourage others to seek more education?
Not only through my MBA, but also in other continuing education that I have pursued, I am an advocate for the incredible number of opportunities that exist out there. In today’s rapidly evolving world, education is critical to staying fresh and engaged. The choices of topics are wider than ever before and the methods for delivery can be suited to almost any lifestyle.
Many of our first graduates are retiring. How can we engage in life-long learning as we transition into a new reality?
Education comes in many forms. Life-long learning can be drawn from a more traditional academic setting; from ad hoc learning that can be gained from a conference, workshop or speaker; or one of my favorite ways – through mentoring. In particular, for people who have committed careers to an organization and are now transitioning to retirement, the choices are richer than ever before: take a class, sign-up for a guest lecture, or pursue mentoring relationships where you “gain” as much as you “give”.
How do you integrate creativity within a structured environment?
This is such an interesting question. Three recent items have reminded me how important creativity as part of the “full-brain” balance of a structured environment: 1. Through LinkedIn I recently connected with a fellow who integrates extensive experience in the theatre into his consulting engagements with business; 2. There is a change management workshop that uses Lego as its framework and learning tool; 3. I attended a brainstorming session with a major consulting firm where the vision board output was a collective mind-map of symbols and designs to capture the essence of the discussion in a vibrant and energetic way. These types of activities remind me that integrating creativity can be done easily and fluidly in almost any environment. Personally, I have used music, drawing, crayons and markers, various styles of brainstorming, games, and all sorts of “play” to integrate creativity…at the root of this though is key factors such as physical movement, the establishment of a safe learning environment, and being prepared to lead by diving in to get things started.
What next?
I am intrigued by blockchain. I push myself to use a digital payments card. I try to listen to as much new music as I do “oldies and goodies”. I hang out with people of all ages, all walks of life, extensive career paths, wide-ranging interests, and am curious and interested about their lives. I tap into others interests to help me see the world in new ways. My children have taught me about music, and computers, and pop culture, and new careers, and new ways of looking at the world and relationships and ideas. Every day is a surprise, and I try to approach it with that kind of an attitude of discovery and joy… and by trying – it pretty much always works out that way, so how cool is that?
From the CEGE Connection Archives: First published November 14, 2017
“I am of the opinion that my life belongs to the whole community and as long as I live, it is my privilege to do for it whatever I can. I want to be thoroughly used up when I die, for the harder I work the more I live.”
George Bernard Shaw
“WE Travel was something that several of my friends had experienced and described it as life changing. I decided to make a commitment to go and invited my 29-year-old daughter to join me. We had no idea that we were in for an adventure of a lifetime.”
Caroline LeBlanc MBA(FS) Class of 2007
WE Charity, formerly known as Free The Children, is an international development charity and youth empowerment movement founded in 1995 by human rights advocates Marc and Craig Kielburger.
WE is a movement that believes when we come together we can create an even better world. WE makes it easy for everyone to get involved, whether at home, school or work, by offering resources to help create positive social change in your community and around the world.
I first became aware of WE when BMO Hosted for some of the guest speakers for WE Day in Toronto. WE Day events host tens of thousands of students in various stadiums across the country and celebrate the impact they have made on local and global issues. WE focuses on 4 pillars: education, health, clean water and nutrition (Agriculture). These are all community lead programs with the elders in the communities.
WE Travel was something that several of my friends had experienced and described it as life changing. I decided to make a commitment to go and invited my 29-year-old daughter to join me. We had no idea that we were in for an adventure of a lifetime.
I’ve always been a supporter of lifelong learning and additionally education for women. I was looking forward to seeing what WE had developed in tandem with the community elders as they face challenges with traditional female education. Families are still required to pay for textbooks and uniforms for their children and often the distance to school exceeds several miles which makes access challenging. Additionally, when parents allow their children go to school they cannot contribute to the family’s income. Girls are expected to marry young and join their husband’s families with little opportunity to broaden their education.
“I’ve always been a supporter of lifelong learning and additionally education for women. I was looking forward to seeing what WE had developed in tandem with the community elders as they face challenges with traditional female education.”
Caroline LeBlanc MBA(FS) Class of 2007
A few days into our trip we visited the girls at the Kisaruni Girls School. We were greeted by confident, articulate and poised women who took us by the hand and guided us to our seats where we sat side by side each one invading our personal space as they were so curious to have us answer their questions. They asked me how I chose my daughter’s path of study and they were surprised that she had done so herself. They knew that our Prime Minister was Justin Trudeau as his mother Margaret attended the opening of the WE College in July 2019. They knew that Canada has two official languages and were curious to know if other languages were spoken.
They expressed their desire to study tourism, engineering, and science. In addition to their parents choosing their study and career path, standardized testing is delivered on an annual basis. They only have once chance to perform well and gain entry into one of the few colleges in the Maasai Mara which gives young Maasai and Kipsigis women, and soon men, the chance to complete their education.
The girls live at the school given that the country is vast, and communities are often far from the school. You can immediately see how supportive the girls are of each other, wanting each other to be successful. They exude strength as a group and that success is defined as success of all students. The saying “It takes a village” has never been more evident. If anyone is struggling, they encircle that individual and find a way to support, teach, help the girl in need. It is a communal success that are striving for, not competitive and individual successes.
They told a story of one of the girls not returning to the school after a visit home and were concerned that her parents would have her married. They, along with the school representatives, were able to visit with her parents and have them better understand the benefit of education and how it could inherently benefit the family and their community.
While I have always valued both academic and experiential education it has never been so apparent to me that access to quality education is a fundamental key to a progressive society. The barriers to access that the girls in Africa have experienced appeared to be historically insurmountable however with assistance with a ”hand up” rather than a “hand out” the WE organization has been able to reach children that otherwise would not have received foundational skills. This experience made me think about the Canadian education system and all of the partners that are required to overcome barriers to access in Canada. These barriers may often be financial however basic programs such as breakfast programs, computer and technology equipment and special funding for extracurricular activities are integral to a successful holistic education. I am very grateful for a Canadian education system, even with barriers, continues to support education for each and every child.
While I have always valued both academic and experiential education it has never been so apparent to me that access to quality education is a fundamental key to a progressive society.
Caroline LeBlanc MBA(FS) Class of 2007
“Cities have the capability of providing something for everybody, only because, and only when, they are created by everybody.”
Jane Jacobs