Our Mission

We believe that you need the tools to create financial success on your own terms.

Conflict-free financial planning equips you to make educated decisions about your future with the information available to you today.

Our Mission

We believe that you need the tools to create financial success on your own terms.

Conflict-free financial planning equips you to make educated decisions about your future with the information available to you today.

Julia Chung, CFP, CLU, FEA, TEP

Julia Chung, CFP, CLU, FEA, TEP

Partner, Sr. Financial Planner

Areas of Specialty: Retirement Planning, Private/Family Business, Cross-Border Planning

Sandi Martin, CFP

Sandi Martin, CFP

Partner, Financial Planner

Areas of Specialty: Retirement Income Planning, Family Goal Planning

Kathryn Mandelcorn, FMA

Kathryn Mandelcorn, FMA

Director, Cash Flow Strategies

Areas of Specialty: Money Coaching, Cash Flow Planning

 

 
 
 
 

Connect with the team on social media

What We Do at Spring

We believe that you need the tools to create financial success on your own terms…whatever they may be. Although our process is the same with every client, the outcomes are always delightfully different, and as unique as the people we have the privilege to work with every day.

Your values are the driving force behind any recommendations we make.

We want our recommendations to our clients to be influenced only by what’s in your best interest, and never by the potential for referral fees or third-party compensation.

We don’t sell products , accept commissions, pay or receive referral fees, or earn affiliate income.

We sincerely believe that financial planning – done well – can benefit everyone, and are actively invested in mentoring and developing new financial planners.

We’ve been running a practice management peer-mentoring group since early 2016…it’s how we met, in fact!

  • Comprehensive Financial Planning
  • Retirement Income Planning
  • Cross-Border Planning
  • Family/Private Business Planning
  • Portfolio and Cash Flow Audits

Our Process

Discovery

More than just document collection, we want to understand your personality, values, and strengths so our work together is productive and valuable.

Analysis

We roll up our sleeves and dig in, putting our expertise to work in testing our assumptions and developing concrete recommendations for you to follow.

Implementation

Your plan is only the beginning. We’re here to help implement your action list and adjust your plan as life unfolds.

What We’re Writing

What do YOU want?

It sounds like an easy question.

Sorry, Who Is It That’s Suffering? Advocis Doesn’t Want Embedded Commissions Banned, Because Financial Advisors Will Suffer

Sometimes, someone says something that is so egregiously wrong that it can’t be ignored. Take, for example, this piece, published this afternoon on Advisor.ca, an online magazine for financial advisors in the investment and insurance industries, which elicited this...

Free Money for School: A Guest Post for Renegade Planner

Julia Chung from Spring Financial Planning is excited to provide a guest post for Renegade Planner, a “Startup Concierge” that helps businesses grow and learn.  Jessica Oman, the founder of Renegade Planner, is providing tips and information to her business owner audience on personal finance, something that really does confuse everyone.

Julia’s article “Free Money For School: Yes, Even Entrepreneurs Can Save for Their Children’s Education” provides a clear outline of how to use the RESP (Registered Education Savings Plan) to maximize grants, reduce taxes, and pay for post-secondary school.

OPTIMIZE!

Financial planning is misnamed. It really should be called Figuring Out How Much What You Want Out Of Life Will Cost And How to Pay For It By Finding The Happy Medium Between Doing What You Have To Do And Doing What You Want To Do. I imagine this will never take on....

Julia Chung Live at PowHerTalks: 4 Fears to Conquer

Julia’s PowHerTalk in November was “Start Ups: 4 Fears to Get Over”.  Julia will be the Host and MC for the upcoming Vancouver PowHerTalks on January 30th. Register here

VIDEO SERIES: Carrick Talks Money

I had a chance to meet with Rob Carrick at the Globe and Mail in February and record three Carrick Talks Money segments. Our goal was to demystify financial planning for regular people and to demonstrate that it's not an exclusive exercise for the wealthy. Carrick...

Business Model, Schmizness Model

The point: Financial advisors who are compensated based on how much money you have invested with them have less time for the equally complex needs of less affluent clients. You know the old saw "you have to have money to make money"? Apparently you also have to have...

September’s Great Reads

In my world, September is a BIG month. Summer effectively ends on Labour Day, the kids are at school, and it’s time for a hard reset (what I privately think of as a second New Year) to prepare myself for the whirlwind of the last three months of the year. In your...

Learn to Love the NOPE

There’s a mostly fun deluge of events, meals with friends, and parties just over the horizon, and, depending on what holidays you celebrate, what your family is like, and how much pie is involved, you might be looking forward to the end of the year with some...

Distressingly Common Investment Advice

I was recently part of a presentation for financial advisors, put on by someone whose work I respect (and who I imagine probably would not have said this if he had had more time to think about it). Just before the end, this came out of his mouth: Words I just heard!...

A Little Discouragement To Start You On Your Way. You’re Welcome.

The point: Learning to live on a budget is hard. Pretending it's not is stupid, and counter-productive, and will eventually end up being the reason you quit. Let’s talk about the most important part of personal finance: debt repayment investing budgeting. I’ll wait...

What happens if I don’t have a will?

Very few people get excited about estate planning, except for financial planners, and we’re admittedly strange folks. Talking about and planning for the moment of your death is not only dark and creepy but also kind of boring - unless you’re the type who gets super...

Rainbows and Unicorns: What lenders really mean when they say “affordable”)

The point of this post: it's your job as the borrower to figure out if you can actually afford the mortgage the bank says you can. When you think about how much money you make, do you use made up numbers or real ones? If you think that's a strange question, then...

Money 201 with Yours Truly and John Robertson

Once you’ve already mastered the basics of paying off debt and saving, what are the next steps to take in your financial life? We’ll walk through long-term planning to provide the context for how to fit the financial pieces of your life together, that takes into account your individual needs and goals, and will help you make sensible investing decisions.

When You Can’t Afford Your House, Do this

If you’re in a cash flow bind, you don’t want to wait too long before you take action. But you should take some time to calculate the size of the problem. “A lot of times people don’t really look at their expenses,” said Julia Chung, a financial and estate planner with Spring Financial Planning in British Columbia in Canada. “They have a hard time managing the numbers.”

What I’ve Been Reading While I Haven’t Been Writing

The point: It's been a busy week here at Spring Personal Finance, and client commitments trump writing commitments. I've always got a few minutes to read, though, and the best in Canadian personal finance news every week to an open list I share with +Jackson...

The Screaming Ninjas Are Coming

The point: Learning to live within your means is discipline you have to practice. Financial catastrophe always strikes, and having the necessary skills already mastered will mean the difference between dealing with it and moving on or being overwhelmed and giving up....

Cynicism, The Canadian Pension Plan, And You

The point: scoff if you like, but we have a public pension system in Canada that will likely make up a good portion of your retirement income, and its existence should be factored into your plans. I hear it all the time - in banking, in financial planning, and now...

Those February Markets

In December and January, we talked quite a bit about the perils of uncertainty and how to deal with them. Then - BAM - the February market came and showed us just what uncertainty looks like. So basically, our publishing schedule is a month or two ahead¹. What Do We...

I’m 22…do I need a financial planner?

Hi Sandi, I am a 22-year-old and just starting my career. Do I need a financial planner and is talking to a financial advisor at the bank the same thing as talking to a financial planner?  Thank you, Denise -- Hi Denise, You know, you have an enormous opportunity to...

In the Trenches: Living With Your Financial Plan and Avoiding Budget Fatigue

The point of this post: living on a budget is (most of the time) tedious and hard. Reward yourself and remember why you're doing it to make it seem less so. If you are in the first, exciting stages of setting up your financial plan, organizing your money, and living...

Bankosaurus Rex: Finding a Banker Who Cares

The point of this post: there are bankers out there who actually care more about doing a good job for their clients than for the bank, and they're worth finding...and keeping. Today, we're making friends with bankers. Lets pause here for a minute, so you can catch...

Introducing: Kathryn Mandelcorn

We are thrilled to announce the addition of Kathryn Mandelcorn to our planning team!

I Feel For You, But Busy Isn’t an Excuse to Ignore Your Money

The point of this post: being busy doesn't excuse you from having to pay attention to your money. You know that feeling you get when your to do list is so long that you have to turn pages to see it all? When you're overwhelmed by the sheer volume of work that your...

Couple Money

The point of this post: if you can't be honest with your partner about money and financial planning, why are you with them? A healthy financial infrastructure is cost-effective, simple, flexible, and intuitive. It keeps you on budget, moves you closer to your goals,...

The Power of Confusion

The point of this post: the world of personal finance can be as confusing as a room full of five-year-olds playing soccer, and the financial industry needs to stop pretending that it's not. Yesterday was my oldest daughter's first day of soccer.     It sounded like...

BC Real Estate Taxes

Owning residential real estate in British Columbia is expensive, as you well know, and thanks to recent changes on both a provincial and municipal level, it’s also a great deal more complicated. Most of the changes were brought about by BC’s 2018 Budget, but a few of...

Why Your Rate of Return Matters (and what to do – and not do – with it)

I sent my kids to school on the day after Labour Day with a feeling that it hadn’t been a great summer. We hadn’t gone swimming or canoeing enough. I worked too much. Woe, etc. This isn’t a new feeling. Friends will testify that I become a mopey sad-sack in the last...

The Three Certainties

  At the end of the year, things get undeniably gloomy - particularly on the southern west coast, where we like to brag about our summers and lack of snow, brushing aside any mention of the solid six to eight months of grey skies and relentless rain that can only come...

Fill in the Blank (Part One): I Don’t Want to Spend Money On…

At first glance, it sounds like an incredibly stupid exercise, I grant you. Um, I don't want to spend money on insurance, on my mortgage payment, on those never-ending, teeny-tiny little school activity requests that dribble home every other day, on fixing my car...

Because Money Episode 14

Despite +Robb Engen's absence from this week's podcast, +Jackson Middleton and I had a great time talking with our guests about why regular Canadians should care about the regulation of financial advice. I've written about the incentives that are holding even the most...

The Coming Housing Crash, And What You Can Do About It

The point: there are two things you can do if there's going to be a housing market crash, and worrying isn't one of them. You're here, so I'm going to take a long shot and guess that you read about money online, unless you're here for the outstanding graphics, in...

How (Not) to Consolidate Debt

The point: it doesn't matter what method you use to pay off debt, or if you use any method at all. What matters is that you stop creating new debt. It's out there: the mathematically precise, strictly rational formula for paying off your three credit cards, small car...

Double the Trouble…

Two kids in university at the same time means double the costs. The secret to saving for – and affording – two.

What I want for you in 2018

For 2018, I want you to have time. Sweet, precious, time. And understand me: I don’t want you to have more time, or productive time, or fulfilling time - all good things, don’t get me wrong, but not the kind of time I so desperately want for you. No, the kind of...

Quick Update: Retirement Income Interview

In case you've been missing Because Money (on hiatus as we plan for Season Three), I just did an interview with Kornel Szrejber on retirement income planning, and we managed to squeeze a few laughs out of what is traditionally a less-than-hilarious topic. Some of the...

RRSP Basics

Many people feel pretty confused about RRSPs – how they work, and why they’re useful. At the same time, people can feel embarrassed to ask for a full explanation. 

To help you move forward with this useful tool, here is your RRSP Primer!

March’s Great Reads

It’s that time of year - at least in the middle of Ontario - where it starts to feel like winter’s this close to ending...and then it snows again. Seriously, the only thing keeping me alive right now is that this late winter garbage weather makes great maple syrup....

Why You Don’t Want Your Child to Be a Genius

“Find experts in the fields that your child is interested in,” said Julia Chung of Spring Financial Planning. “Talk to them and ask them for help and support. You’d be surprised how many people are willing to help.”

How to Get the Best Discount on Your Mortgage

The point of this post: do the work to understand how the mortgage lending system works so you can save the most money. If you want to get the very best interest rate (read: lowest bottom line price) on your mortgage, you need to know how to see yourself the way the...

Your Financial Advisor Might Be A Nice Person, But… (Because Money, Ep 13)

Last week's CBC Marketplace episode Show Me The Money took an average investor (with a hidden camera and glowing lights in her pants) into BMO, CIBC, RBC, Scotiabank, TD, Dundee Securities, Edward Jones, Investor's Group, Money Concepts, and Primerica shopping for...

Announcement: Sandi Martin

Announcement! A new collaboration with Sandi Martin of Spring Personal Finance…

A Week in the Life of Sandi

Monday, March 26 5:00AM My alarm goes off, and I head downstairs for the best part of the day (the quiet part with hot coffee and no random Marvel movie questions because my son -- and everyone else -- is still asleep). I don’t often get up this early anymore, but I...

Effective Retirement Planning is About Spending, Not Saving

The point: planning for your retirement isn't just about your investments, although you can be forgiven for thinking it is. It involves exactly the same activities as planning for tomorrow, next week, and next month: active budgeting, debt elimination, robust savings,...

February’s Great Reads

Your portfolio is probably down right now, and I don’t want to minimize the worry some of you are feeling, especially those of you who are about to start, or are already relying on withdrawals from your investments for income. It’s no fun, but it’s also not something...

Yearly Maximum Pensionable Earnings Limits Increase in 2016

The YMPE Increases on January 1, 2016. What does that mean to you? Click here to find out.

The Because Money Podcast | Episode 11: Home Buyer’s Plan

In this week's episode of The Because Money Podcast, we finally got to fight a little. Agreeing all the time is so boring, isn't it? What did we cover that was so controversial? Only the Home Buyer's Plan, that allows you to withdraw up to $25,000 tax-free from your...

The Budgeting Resource Everyone Has (And Nobody Uses)

Does this sound familiar? You've read a book or a blog series or watched a show about budgeting and getting your money under control. You're all fired up, ready to really get it together, and get to work on that budget. The first few lines are easy: Monthly net...

How Your Advisor’s Bad Investing Behaviour Costs You

The point: Yes, your own bad investing behaviour costs you, but your advisor's bad investing behaviour has the potential to cost you a lot more. First off: I'm not a portfolio manager or an investment advisor (or adviser, for what it's worth). I was a registered...

June’s Great Reads

I've got a monster reading list for you this month, and I'm still fighting that nagging feeling that there was way more good stuff out there than I managed to catch. If you've got the time, scroll through the entire list down there at the bottom, and catch Preet...

Working with Sandi was everything I hoped for. I felt like you got to know me well and very quickly. I feel like your recommendations reflected my current reality as well as my personality. That is, you didn’t recommend things that I would never commit to.

After going through this process, I feel like I have a much better understanding of my financial picture. I so wish that I would have done this years ago!!

H. Bellerose

Having an impartial 3rd-party review our entire financial situation is one of the best business decisions my wife and I have made. We consider Julia our personal CFO and have incorporated her services into all aspects of our financial lives.

There’s no pressure to purchase any investment or insurance through her or any associate she has introduced us to; but rather an assessment and guidance on plans we have for the future.

C. Dewar

Well, it’s been a year since we came to see you last and enacted our plan and we are writing to tell you that we are DEBT FREE on November 1ST ON SCHEDULE!!!

Coming to see you, using your services, was the best decision we ever made as a couple. We can’t thank you enough. We couldn’t have done any of it without you. Thanks, Kathryn.

 

K. & J. Shorrocks

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