Meet Luc and Pierre – Chapter 2: What is financial wellness

From: Financial Consumer Agency of Canada


Text on screen: The Financial Consumer Agency of Canada presents Money Break: A series on financial wellness, Coffee edition

(A sign made of weathered wooden planks displays the name “Bluebarn”.)

Text on screen: Bluebarn Coffee Roasters, Chapter 2: What is financial well-being? 

(Pierre Alary is sitting in front of large burlap bags filled with coffee beans.)

Pierre: For me, financial well-being is really being able to live your life without thinking about money too much. I’m not saying I’m necessarily at that point, but that’s really it. If you can really enjoy life without thinking about money too much, without thinking too much about every dollar when you’re at a restaurant. That’s really financial well-being, in my opinion.

(Luc Alary is sitting in a sunny room.)

Luc: For me, financial well-being is not really being too worried about money, not having to keep an eye on my bank account balance every day or even every week. 

Pierre: The freedom to be able to travel wherever you want, freedom to really be able to buy what you want. 

(A plane crosses the sky, followed by a man in an airport walking with a suitcase.)

Pierre: You want to be responsible at the same time. You want to spend your money, but to live well and have a comfortable life without thinking too much about money, for me that’s financial well-being. 

Text on screen: How do you achieve financial well-being?

Pierre: That’s it. I don’t have a car because I live in Ottawa. I work two minutes from where I live. In Ottawa, you can take taxis, Uber, Lyft, so really I save so much money without a car that, even if I could afford a vehicle no problem, I don’t need it. I made some calculations, and you save so much money that you can spend in other places, like investing in Bluebarn.

Text on screen: What are your thoughts on credit?

Luc: Basically, credit is – I look at it a bit like being a blessing in disguise. In the first year of Bluebarn, it was a pretty busy period. Big growth, big investments one after the other, and at the same time we would take salaries that were quite low, so we could reinvest as much as possible in the company. 

So, basically, I had to take out credit to get past the slow periods with Bluebarn, but even then we recovered. You need to budget. You make a budget for a period of a year or two, then you recover then you start at zero again in no time. So my investments in Bluebarn were measured. I never invested anything that I couldn’t afford to loose in the end. So that’s it. Over time, the amount increases, but at the same time tomorrow you could get hit by lightning and you could deal with it. 

(A blue barn is surrounded by sunflowers and trees.)

Text on screen: Continue Luc and Pierre’s story in Chapter 3: What are your biggest challenges?

(The Canada wordmark appears.)

Off-screen voice: A message from the Government of Canada

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