How Jahnoah built financial confidence one step at a time
"A patient, realistic mindset helped me plan, stay focused and ultimately buy my first home."
Jun. 03, 2025
5-minute read
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This is part of an ongoing series about clients realizing their unique ambitions with the help of CIBC. Explore more Ambition Stories
My mom had me at a young age, and we pretty much grew up together. She was my role model. Through her, I learned so much, not just life skills but also the importance of financial literacy. That upbringing shaped how I approached my finances from a young age.
In 2013, I was introduced to Richard, my mom’s CIBC advisor. Hearing about her positive experiences working with him and CIBC motivated me to take my finances more seriously.
When I met with Richard, I was still relatively young and hadn't learned much about personal finances in school. I knew the basics, but I had so many questions. Even at my age, I wanted to plan ahead and learn as much as possible.
What stood out to me about Richard was his communication style. He was always patient and willing to answer all my questions, no matter what they were or how many times I asked them. I appreciated his ability to explain complex financial concepts in a way that made sense.
Building a foundation — Richard's perspective
Richard is passionate about empowering his clients to make informed decisions.
“I believe it’s important to teach the basics of how to save and invest in different types of investments. I call it Investment 101,” he says. “The most important thing is allowing clients to ask questions and make sure they understand the answers.”
From the beginning, Richard and Jahnoah worked together to build a solid financial base.
“Jahnoah was 16 when I first met with her,” Richard recalls.” She wasn’t quite old enough to use certain financial vehicles, but she was very ambitious and driven, and wanted to learn about saving. By the time she turned 18 and was eligible to use those vehicles, she was already equipped with that knowledge and ready to hit the ground running.”
“The first option I suggested for Jahnoah was the TFSA (Tax-Free Savings Account), because it offers the most flexibility for saving,” he says. “Then, just before she was ready to buy a home, I introduced her to the FHSA (First-Home Savings Account), which helped her get a tax break before buying her house.”
My goal realized
One of the most pivotal moments in my financial journey was when I finally got serious about buying a place. When my partner Brad and I started looking for a house, it was nerve wracking, but Richard guided us every step of the way. He gave us the right information to make smart and sound decisions, lessened our anxieties and made us feel confident going forward.
I probably had unrealistic expectations at 16 when I first met with Richard. I dreamed of owning a house by 25, being completely financially independent and living my dream life. As I got older, I realized it would take work, patience and discipline to reach my goals. Richard helped me understand that these things don't happen overnight. It's about steady progress and making smart, informed decisions. Thanks to his guidance and advice, I was finally able to turn my home ownership dream into reality.
Looking to the future
Now, at 28, I’m focused on what's next. Buying a house was a big financial investment, so I’m continuing to rebuild my savings. I’d also love to travel more with my mother, and of course, with my partner. Our goal is to see the world and experience as much as we can.
What I’ve learned through this experience is that financial confidence isn’t created overnight. It’s about taking small, steady steps, being realistic about your goals and having the right people by your side. For me, that person has been Richard. It’s never too early to start learning, and having a financial mentor you trust makes all the difference.
Richard’s advice for new investors
Richard believes financial empowerment comes from knowledge, smart planning and a strong support system. If you’re new to saving and investing, here are his tips for building your financial future with confidence.
Ask questions until you understand
Getting clear answers helps you make informed financial choices. Whether that's understanding investment options, navigating tax implications or planning for retirement, staying curious and engaged empowers you to build a strong financial future.
Find balance
Ambition is a great driving force, but it’s important to strike a balance between goals and enjoying life so you don't feel deprived. That could mean setting aside money for travel, hobbies or experiences that bring you happiness, while staying on track with your long-term savings.
Maximize tax savings opportunities
One of the most effective ways to build wealth is by using tax-saving tools. These strategies help you save and invest while reducing the amount of tax you pay, so you can keep more of your hard-earned dollars.
Connect with an advisor at any age or life stage
Whether you're just starting out, building your career, raising a family or planning for retirement, having a trusted advisor is valuable. Even if you don’t have pressing questions right now, knowing you have a knowledgeable resource to turn to when you need support can give you peace of mind.
What's your ambition?
Let’s map the journey to success together. Connect with an advisor to learn how we can help.
