{"id":193043,"date":"2025-12-19T12:26:22","date_gmt":"2025-12-19T12:26:22","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/193043\/"},"modified":"2025-12-19T12:26:22","modified_gmt":"2025-12-19T12:26:22","slug":"this-advisors-early-career-tax-mistake-drives-her-to-educate-others-about-money","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/193043\/","title":{"rendered":"This advisor\u2019s early-career tax mistake drives her to educate others about money"},"content":{"rendered":"

Open this photo in gallery:<\/a><\/p>\n

Treena Nault, a certified financial planner and owner of Nault Group Private Wealth Management at IG Wealth Management Inc. in Winnipeg.Create Marketing\/Supplied<\/p>\n

In the Behind the Advice series<\/a>, Globe Advisor asks advisors about their relationship with money from a young age, lessons learned over the years and how their experiences influence the advice they give to clients. We also produce a Behind the Advice podcast \u2013 find all the episodes here<\/a>.<\/p>\n

Treena Nault, certified financial planner and owner of Nault Group Private Wealth Management with IG Wealth Management Inc. in Winnipeg, talks about her old-fashioned upbringing and how she landed a job at a financial services firm \u2013 the same one she\u2019s worked at for 30 years.<\/p>\n

Describe your upbringing.<\/p>\n

I was born and raised in Steinbach, Man., a small town outside of Winnipeg. I\u2019m the youngest of five kids, including a brother and three sisters. My dad worked at the local Datsun dealership and eventually became the general manager. After that, he ran other small businesses, including a gas station, and worked part-time after his \u2018retirement\u2019 until he was 80. My mom stayed at home to raise us kids. She had some part-time jobs later in life, when we were older, at local retail stores and volunteering at the local church.<\/p>\n

What was your experience with money as a kid?<\/p>\n

I didn\u2019t have an allowance growing up. Sometimes I would get a bit of money from my parents and grandparents at Christmas and on my birthday. If I wanted to buy something, like clothes or CDs, I couldn\u2019t ask my parents for money. I realized I\u2019d have to start making my own money. <\/p>\n

My first job was in my teens at the local denim clothing store. It was fun, but I spent every dollar I made in that store. As I got older, I knew I wanted to be more independent and eventually move out of my parents\u2019 house, so I got a second job at another clothing store and started saving. I then got a full-time job as a receptionist at a local manufacturing company.<\/p>\n

What did you want to be growing up, and how did you get into financial services?<\/p>\n

I had an old-fashioned upbringing. I wasn\u2019t expected to go to post-secondary school or be anything other than a wife and mother. I knew I wanted to get married and have a family, but I didn\u2019t have any specific career aspirations. My first full-time job after high school was as a teller at Steinbach Credit Union. I then got married and moved to Winnipeg. <\/p>\n

In 1992, I got a job in the client services department at IG Wealth Management and have worked there ever since. I took several courses and worked my way up through the organization. Then, in 2004, after promoting a new product IG Wealth Management had just launched at a conference, a top advisor at the company suggested I would make a great advisor. It was something I had thought about. I told him I would do it if he\u2019d mentor me \u2013 which he did.<\/p>\n

What\u2019s the biggest money mistake you\u2019ve made and what did you learn from it?<\/p>\n

In my early years as a self-employed advisor, I didn\u2019t plan for the taxes I would owe on my income. It\u2019s tough to admit, given what I do for a living, but I really got myself in a hole, and it was hard to dig out of it. But it\u2019s because I made that mistake that I\u2019m so passionate about teaching people about money and taxes. <\/p>\n

What\u2019s the hardest piece of money for you to follow? <\/p>\n

I have a hard time spending money that I\u2019ve budgeted. We were in Maui earlier this year and, while I knew what the resort would cost, I felt sick to my stomach when I saw the bill. I could afford it and had budgeted for it, but sometimes, in my head, I\u2019m still that broke kid.<\/p>\n

What decision around money and investing made the greatest impact on your life?<\/p>\n

Investing what I can, consistently. I recently started investing from scratch after paying out a divorce settlement. I\u2019m super proud of how much I have now versus then \u2013 more than I could\u2019ve imagined. I also delegate my investments to our portfolio managers. I believe in managed money for the majority of retirement savings. <\/p>\n

What do you worry about when it comes to money, both personally and in the industry?<\/p>\n

I worry about outliving my money. I have this conversation with clients, too. It\u2019s a huge balancing act \u2013 living for today and saving for tomorrow. I also worry about the next generation inheriting so much money over the next 10-plus years and how they will manage it. We need to educate them about making that money last, especially as they\u2019re likely to live even longer.<\/p>\n

What advice do you have for someone who wants to enter your business?<\/p>\n

Do it for the right reasons. Do it because you want to help people make their money last, give it to their children and to charity. There\u2019s so much good in what we do. It\u2019s a profitable business to be in, but it has to be service first. <\/p>\n

This interview has been edited and condensed.<\/p>\n","protected":false},"excerpt":{"rendered":"Open this photo in gallery: Treena Nault, a certified financial planner and owner of Nault Group Private Wealth…\n","protected":false},"author":2,"featured_media":193044,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[7402,697,11803,114,268,8150,85,46,14093,31236,266,267],"class_list":{"0":"post-193043","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-advisor-noregwall","9":"tag-appwebview","10":"tag-behindtheadvice","11":"tag-business","12":"tag-finance","13":"tag-globe-advisor","14":"tag-il","15":"tag-israel","16":"tag-noastack","17":"tag-orid3753832050podcast","18":"tag-personal-finance","19":"tag-personalfinance"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/193043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=193043"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/193043\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/193044"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=193043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=193043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=193043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}