The Childhood Money Lessons You're Still Living By

SPEAKER_1 (0:01)

Welcome to the Money Tree Investing Podcast. Stock market, wealth, personal finance, value stocks. Invest in your life.

Kirk Chisholm (0:10)

Hello, Smart Money Tree Podcast listeners. Welcome to this week's show. My name is Kirk Chisholm, I'll be your host. And today I'm joined with Kalee Boisvert. How are you doing, Kalee?

Kalee Boisvert (0:19)

Good, thank you. Thank you so much for having me.

Kirk Chisholm (0:21)

Yeah, glad to have you on. Tell us a little bit about your background.

Kalee Boisvert (0:24)

So I'm a financial advisor. I've been in the industry supporting people with their kind of wealth management needs for over 15 years now. Started in this industry because growing up, I was raised by a single mom. Money really showed up as stress and struggle. And that being sort of the start of my journey, I knew that I wanted to learn more about it and understand it. And I felt like if I could figure it all out, like figure out investing and how it all worked, that maybe I could do something differently when I was older and that money wouldn't have to be such like a stressful, show up so stressful, like as a stressful element of life, I guess. So I set out to learn kind of everything I could, went into this industry, and then, yeah, really honed in on supporting women, because realizing that the financial industry had been very male-dominated for some time, and that's kind of based on sort of history and women kind of just getting certain ability to do certain things, like own their own bank accounts and get mortgages and things like that in the past, like decades we're talking. So realizing that I think women were really under-represented, I focused on working with women, knowing that again, the journey I had grown up with, being a single mom myself today.

And then from there, again, I love the money number side of things. But as I had more and more conversations and developing these relationships with these clients and seeing them progress through their financial journey, I started kind of seeing signs of like, you know, money is, it's kind of a funny thing. It's oftentimes more than just money, if that makes sense, and there's other elements that I think we need to kind of work on and heal to bring that all together. So it's not just about mastering the stock markets and figuring it out. It's oftentimes like doing some work on our relationship with money that helps and things like that. So that's kind of where I've progressed into as well as realizing it's not just about the money and the numbers. There's a lot more to that. I guess in the midst of that, I've written a few books as well. So I've written a book called Make Money Your Thing, and as well again, bringing that whole element of the energy and our relationship with money, I wrote a book called Soul Rich.

Kirk Chisholm (2:35)

Yeah, I just happened to write a few books on the side when I had some free hours.

Kalee Boisvert (2:40)

Yeah, I have ADHD, so I'm all over the place.

Kirk Chisholm (2:42)

It's all good. Women couldn't own bank accounts. How old are you? What was that, like the 60s?

Kalee Boisvert (2:47)

Yes, not in my time, but it's crazy to read just how long it's been since women could get a mortgage on their own, like that's mind-blowing to me as a homeowner, a single woman. I have a mortgage. I can't believe knowing that, yeah, just decades ago in the time, like probably in my mom's time when she bought a house, that she wouldn't have been able to just buy one on her own.

Kirk Chisholm (3:07)

Okay. Yeah, I was just curious because you definitely don't look 60

Kalee Boisvert (3:11)

Well, that's relatively new, I think, on the timeline of things that when we have these kind of like, I think that's part of where these inherent sort of male-dominated spaces that we're not too far away from those time frames.

Kirk Chisholm (3:25)

I grew up in the 70s, 80s, 90s. I remember seeing the tail end of some of the stuff. So some of my friends that are financial bloggers who come to the show occasionally, every once in a while they pass around this PDF and it's basically a book. And I forget the name of it, but it's something along the lines of how to be a housewife. It's clearly from the 30s. It's totally inappropriate. The whole book is completely appropriate by today's standard.

But it's really interesting to see what was acceptable back then because we've evolved. And obviously, you were raised by parents who had a certain cultural expectation and the way they grew up and the way they expected you to be and minded to.