Financial Fitness: A New Path Towards Economic Stability

Our financial and personal wellness programs should not be confused with either bankruptcy or other proceedings such as debt pooling (known as non-profit debt counselling).  We offer a totally unique approach to financial wellness that is based on almost two decades in the financial industry in both the government and private sectors. Our mission at The CFW Group is to help individuals by providing a productive and cost effective approach to solving financial problems, and the social issues that accompany them. We promote wellness through education, or direct interventions, that empower people and leads to a better quality of life.
 

Companies and individuals who offer bankruptcy and other related programs are constantly trying to reinvent their programs and offer "wellness" solutions. Most of these programs are simply old debt management programs that have been endowed with a new vocabulary. Let's identify these other approaches so that you can fully understand their potential impact on your life.

• Non-profit debt pooling organizations
• Provincially operated "debtor's assistance" programs (Orderly Payment of Debts)
• Bankruptcy firms or independent insolvency counselors offering a service that is advertised as an "alternative" to bankruptcy (Consumer Proposals)
  
  

All of the above programs are either bankruptcy, or related to it in one form or another. In general, the above solutions take a generic approach to resolving debt crisis. The paragraph below in this sense is instructive in that it illustrates how a general reading of an individual's problems might box them into a solution that is ill fitting.

Aoccdrnig to a rscheearch at an Elingsh uinervtisy, it deosn't mttaer in waht oredr the ltteers in a wrod are, the olny iprmoetnt tihng is taht frist and lsat ltteer is at the rghit pclae. The rset can be a toatl mses and you can sitll raed it wouthit porbelm. Tihs is bcuseae we do not raed ervey lteter by itslef but the wrod as a wlohe.

The above paragraph encapsulates how many people approach debt management or debt crisis. With Canada Student Loans in particular the tendency to read broadly and ignore fine details can be very costly. At the Canadian Financial Wellness Group we focus on the fine print and the details that will allow you to attain financial wellness.

A financial wellness strategy takes into the consideration the context of an individual's complete life. Financial wellness is empowerment fueled by a higher level of education that is not taught in any school or university. When people are faced with the intense stress encompassing financial problems, they tend to explore bankruptcy programs mainly because they think that no other options exist. It is easy to file for bankruptcy or engage in a (not-for-profit) debt pooling program. However, it is very difficult for those to recover from the tragic results of such administrations. It is advertised attractively as a productive solution to financial distress which is contrary to the truth.