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  • Trends with Benefits

    Trends with Benefits #8: Financial Fitness with Shannon McLay

    Ed Lopez, Head of ETF Product
    April 14, 2020
     

    If you’ve ever tried to get yourself in shape, you know sticking with it is the toughest part. It’s no different when it comes to financial fitness. In this episode of Trends with Benefits I speak with Shannon McLay of Financial Gym about what it means to be financially fit and how her company helps people stick with their plans to reach their goals. She shared some of her tips like ‘5 numbers to live by’ and money saving hacks.


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    You may be surprised, but even people with financial advisors can benefit from a financial trainer. I was curious why someone with a financial advisor or millions of dollars in the bank would find value in working with one of her financial trainers. Largely, the missing equation of where plans go bad was expenses. Having been a financial adviser herself and seeing this firsthand, she launched Financial Gym on this realization of the disconnect between a good plan and its implementation. Refreshingly,  Financial Gym is a service available to all and without the need to meet an asset minimum.

    There may different motivations and approaches one takes to launching a business. For Shannon, it’s a passion for helping investors reach their goals. I spoke to her about launching the company, the “dark years”, as she called them, and the fundraising process. Sometimes if you think too much about the “realities” of starting a business you may never do it.

    Our discussion reminded me of Nike’s tag line “just do it”. Reaching one’s goals, whether getting fit or starting a business, only happens if you take that first step. At least if your current goal is getting financially fit, Shannon’s team is there to help you along the way.

    Trend or Fad?

    Listen for Shannon’s take on virtual happy hours, bitcoin/cryptocurrency and virtual fitness.

    Follow Ed Lopez @ThatEdLopez on Twitter and Financial Gym @FinancialGym on Twitter at or check out Shannon’s podcast Martinis and Your Money.

    You can listen and subscribe to this podcast on Apple Podcasts, Google Play, Spotify, Stitcher, SoundCloud, and YouTube.

    Important Disclosures

    Please note that Van Eck Securities Corporation (an affiliated broker-dealer of Van Eck Associates Corporation) may offer investments products that invest in the asset class(es) discussed in this podcast.

    The views and opinions expressed are those of the speaker(s) but not necessarily those of VanEck. Commentaries are general in nature and should not be construed as investment advice. Certain statements contained herein may constitute projections, forecasts and other forward looking statements, which do not reflect actual results, are valid as of the date of this communication and subject to change without notice. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. Any discussion of specific securities/financial instruments mentioned in the commentary is neither an offer to sell nor a solicitation to buy these securities. Fund holdings will vary. All indices mentioned are measures of common market sectors and performance. It is not possible to invest directly in an index. Information on holdings, performance and indices can be found at vaneck.com.

    All investing is subject to risk, including the possible loss of the money you invest.  As with any investment strategy, there is no guarantee that investment objectives will be met and investors may lose money.  Diversification does not ensure a profit or protect against a loss in a declining market.  Past performance is no guarantee of future performance.

    Van Eck Associates Corporation