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Bobcats, Bosses and Breakups - Chrystal Saxby

Bobcats, Bosses and Breakups – Bookkeeper Episode

Welcome to Tax Talk Podcast and 7th and final episode of the Bobcats, Bosses and Breakups series.

Before I provide some background for this series of episodes, let me introduce my guest.

Chrystal Saxby is a banking and loans specialist with ATB Financial.

She focuses her time in the residential mortgage department. You will find that she is genuine and trustworthy and treats her clients like family. She is committed to providing guidance and education as you make your mortgage decision. She will work with you to help you see your dreams become reality.

Chrystal, thank you very much for joining me on today’s episode!

What is Bobcats, Bosses and Breakups?

Breakup, spring 2007. I was 22 years old, with lots of potential but no real direction.

I had just finished another winter season of work in Alberta’s oil and gas industry and was looking for something to keep me busy until the snow returned, and the lease roads froze again.

Luckily, I found a job working as a labourer in a flat work concrete business (mostly prep, place and finish of basements, driveways and garage pads).

It couldn’t have been much more than a few weeks after I started working in this industry and I found myself branching off and starting a flat work concrete company with a business partner.

The business operated for two years and ended in a bitter breakup.

If you’re thinking about starting a business, come along on a journey with me as I look back at these two years of my life and the hard lessons I learned.

We’ll explore three general topics:

- Bobcats: business operation issues

- Bosses: business management issues

- Breakups: business legal and financial issues

Keep an eye out for blog posts and new podcast episodes where I sit down with business professionals to discuss solutions in these unique areas of business.

Who knows, you might be able to avoid some of the same mistakes that I made.

What is the Best Way to Save for My Personal Goals?

Although I didn’t get the opportunity, I’ve often wondered what the process of growing a business while pursuing personal investment goals would have looked like? Is there a point in time where the business is successful enough that I could turn my attention to other opportunities? Or would it be beneficial to start saving for personal goals, such as a house, immediately upon opening the business?

The result? I eventually ended up buying a house (with a lot of help from my wife) but my savings plan was very rushed and ended putting a great deal of stress on our relationship.

Lesson learned? If you approach savings with a mentality of: ‘I’ll start saving when I have extra money’, you’ll never start saving. Why? As your income levels increase, so does your personal comfort level, mostly through the use of disposable income. Giving up this level of comfort becomes more difficult the further we become entrenched in our lifestyle. That is why it is important to plan ahead for your personal goals and start saving early. Setting aside even nominal amounts per month can make a big difference in the long term.

Topic #1 – basic information for mortgage.

- What is needed for the application process?

- How can I start this process?

- It seems like I have no money. How do I save for a mortgage?

Topic #2 – specific info for small business owners.

- How do personal guarantees on my business loans impact my ability to get a mortgage?

- How long do I need to be in business before I can qualify for a mortgage?

- Does a lender view all sources of income as equal? (ie. are wages and dividends looked at similarly?)


Chrystal, I just want to say thanks again for taking the time out of your busy schedule to hop on the podcast with me.

I know that you provided a great deal of value that our listeners can immediately implement within their current business operation or reflect on before they decide to jump into business for the first time.

If the listeners want to touch base with Chrystal, you can find her through the following links:

Chrystal Saxby

ATB Financial

403-340-5384 Call to Action

There are a significant number of details that a small business owner needs to be aware of in order to ensure that their business is successful.

Having the right professionals on your team will help you meet your business, wealth, retirement and estate planning objectives.

If you’re in need of these services in order to see your business reach the next level of success, I highly recommended the following guests of the series.

Feel free to reach out to them as I know they would be excited to work together with you and help you preserve your legacy!

Bobcats, Bosses and Breakups Guests:

Chelsea Zimmerman - Team Zimmerman Real Estate (Century 21)

Caleb Henry - Johnston Ming Manning LLP

Chrystal Saxby - ATB Financial

Kelly Barber - B^2 Bookkeeping

Stephen van Santen - Bridgeline Wealth Strategies

Garth Epp - Garth Epp Professional Coach

Lyneta Grenier - BrokerLink Insurance

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