The Mission:
Your Financial Empowerment.
The underlying motivation of most financial advisors is to make a profit by providing services. Most financial advisors affiliated with banks and investment firms have profit as their primary motivation for providing their services. This can create a conflict between a client's need for advice and the advisor's need to maintain profitable client relationships.
This often creates a problem for people in the formative stages of their financial lives, who would benefit from structure and coaching and who do not have enough excess cash flow or investment assets to manage, often do not catch the attention of traditional financial advisors affiliated with financial institutions.
The core mission of the Elemental Wealth Project is empowering individuals and families through financial literacy and coaching. We are not connected in any way to ANY financial services or investment product providers, nor are we affiliated with ANY banks or financial advisory firms. We do not accept any requests to advertise in our communications or on this site, nor do we draw any influencer fees when we discuss any specific products in our communications. We believe this approach is essential to maintaining our impartiality, objectivity, and editorial neutrality. To support this approach, we have arrangements with objective financial information providers and software companies to provide our community members and subscribers with access to the best information, tools, and services.
The Method:
Financial Education, a Structured System for Achieving Financial Independence and Real-Time Coaching
The heart of the Elemental Wealth Project is a perpetual, holistic, financial life-planning system called the Elemental Wealth Planning System, which provides a cycling, structured, planning approach to building financial resilience, independence, and prosperity. Drawing on more than 45 years of experience as a financial advisor and using a unique, metaphorical approach to present the Elemental Wealth Planning System, David seeks to make the financial life-planning process and the associated financial concepts, strategies, and tactics more understandable to the average person. The goal? Empowering more people to make better life, money, and wealth-planning decisions, whether or not they are currently working with a current advisor.
The Elemental Wealth Project provides community members and subscribers with real-time financial education and guidance through our blogs and weekly digest, as well as a range of tools and soon-to-be-launched online financial life-planning courses. Through Elemental Wealth's technology partner, Adviice, an AI-assisted Do-It-Yourself financial planning platform, clients can enroll and build their own detailed financial plan with actionable recommendations on their own schedule.
Blogs, core learning products, and tools are available free of cost, no strings attached. Subscriptions are required to receive the blogs.
Elemental Wealth Foundation and Essential online financial life-planning courses are available for free. Intermediate and Mastery course enrollments are available to community members at a cost reflecting the depth of the content.
The Adviice DIY financial planning platform is available on an annual subscription basis through the Elemental Wealth Project. The annual subscription cost is $52.50 annually, including GST. The subscription cost is very reasonable compared to engaging a financial planner compensated by asset-based fees and commissions, or a full financial plan through an hourly-fee financial planner.
1:1 financial life coaching services are available on a first-come, first-served approach and are billed on an hourly fee-for-service or retainer basis.
. . . A Work In Progress
As the name denotes, this is a project. The site and offerings will grow and change as users and subscribers engage with them and provide feedback and suggestions.
We accept donations from community members and subscribers interested in supporting our work. If people see value in what we are doing and saying, we invite them to support us with a donation. In addition to donations, we charge enrollment fees on advanced, member-focused financial life planning courses and seminars (Foundation and Essential courses and seminars are free). We also charge an hourly rate or a retainer basis for our 1:1 financial life coaching services, the approach depending on the type of engagement the coaching client wishes.
Your feedback and suggestions are vital. We are listening. If users and subscribers have any feedback or suggestions for improving the Elemental Wealth Project web platform, its content, or learning products and resources, please contact us at info@elementalwealth.ca or use the Contact page under the Connect tab.