In this episode of The Financial Power Play, host Brett Cranson speaks with Taylor Cook, a former professional hockey player turned mental coach. They discuss Taylor's journey from starting hockey at a young age, transitioning from player to goalie, and navigating the challenges of moving up through the ranks to university hockey and professional leagues overseas. Taylor shares her experiences with the mental side of the game, the importance of confidence, and her decision to pivot into mental coaching after her playing career. The conversation also touches on the financial hurdles faced when starting a new business and the evolution of financial awareness as a business owner.

Takeaways

Taylor started playing hockey at the age of three.

She transitioned from being a player to a goalie by chance.

The journey to university hockey was filled with challenges.

Taylor played overseas in Norway and Kazakhstan after university.

The mental aspect of sports became important during her career.

She decided to become a mental coach while still playing.

Starting a business comes with its own set of challenges.

Financial awareness has improved since her playing days.

Confidence can be trained like any other skill.

Taylor aims to work with national level teams in the future.

Chapters

00:00 Introduction to the Journey

03:03 From Player to Goalie: A Unique Transition

05:47 Navigating the Path to University Hockey

08:58 Overseas Adventures: The Transition to Professional Hockey

12:01 The Mental Game: Introduction to Mental Coaching

15:03 Deciding to Pivot: Transitioning from Player to Coach

17:50 Financial Hurdles: Starting a New Business

21:04 Understanding Mental Coaching

23:50 Long-Term Vision and Balancing Life

27:02 Evolving Financial Awareness

29:51 Final Thoughts and Recommendations

In this episode of the Financial Pod Play, Brett Cranson discusses the eight key financial areas that every hockey family needs to master to stay financially strong. He emphasizes the importance of smart financial planning, managing cash flow, saving on taxes, and risk management. Brett provides practical advice and strategies for hockey families to build wealth, reduce stress, and take control of their financial future.

Takeaways

• Smart financial planning is essential for hockey families.
• Create a financial system to manage team fees and travel expenses.
• Automate savings by opening separate accounts for expenses and goals.
• Track cash flow for 60 days to identify spending leaks.
• Plan taxes proactively to maximize deductions and savings.
• Risk management protects income and assets from unforeseen events.
• Build an emergency fund covering three to six months of expenses.
• Review insurance coverage regularly for life, disability, and critical illness.
• Use RRSP and TSA as tax tools, not just savings tools.
• Download the Financial Playbook for Hockey Families for detailed guidance.

Thank you for joining us on this episode of The Financial Power Play. I'm excited to continue bringing you stories, insights, and strategies to help you build a financial future as strong as your passion for hockey. If you enjoyed this episode, please subscribe, share it with your hockey crew, and leave a review.Looking to build your own financial playbook? ⁠Book your consultation here⁠. Or visit⁠ UptownWealthManagement.com ⁠Connect with Brett:⁠LinkedIn⁠: / brettcranson ⁠Facebook⁠: / uptownwealthmanagement ⁠Instagram⁠: / buildingwealthwithbrett ⁠TikTok⁠: / buildingwealthwithbrett Until next time, stay focused, stay flexible, and keep playing your game!

In this episode of the Financial Power Play podcast, host Brett Cranson from Uptown Wealth Management interviews Shannon Vit, a mental performance coach for hockey players and a dedicated hockey mom. Shannon shares her journey from social work to coaching, emphasizing the importance of mental resilience in sports. She discusses common challenges faced by hockey players, from maintaining composure to building confidence, and offers strategies to overcome these hurdles. Shannon also explores the unique pressures faced by professional athletes and the importance of planning for life after sports. The episode delves into the role of parents in supporting young athletes and offers practical advice for managing the financial and emotional investments in hockey. Shannon concludes by discussing her book, 'The Mental Edge: Developing the Mindset of a Hockey Champion,' and her goals for expanding her coaching services.00:00 Introduction to Financial Power Play00:25 Meet Shannon Vit: Performance Coach and Hockey Mom00:56 Shannon's Journey into Mental Performance Coaching03:24 Common Challenges Faced by Hockey Players06:15 Working with Pro and Minor Hockey Players14:13 Advice for Hockey Parents20:54 Shannon's Personal Experience as a Goalie Mom25:11 Future Goals and Projects27:47 Quick Tips and Final ThoughtsThank you for joining us on this episode of The Financial Power Play. I'm excited to continue bringing you stories, insights, and strategies to help you build a financial future as strong as your passion for hockey. If you enjoyed this episode, please subscribe, share it with your hockey crew, and leave a review.Looking to build your own financial playbook? ⁠Book your consultation here⁠. Or visit⁠ UptownWealthManagement.com ⁠Connect with Brett:⁠LinkedIn⁠: https://www.linkedin.com/in/brettcranson/⁠Facebook⁠: https://www.facebook.com/uptownwealthmanagement⁠Instagram⁠: https://www.instagram.com/buildingwealthwithbrett/⁠TikTok⁠: https://www.tiktok.com/@buildingwealthwithbrettUntil next time, stay focused, stay flexible, and keep playing your game!