Discover how Kaydee Duhamel managed her family's hockey journey while navigating the financial challenges that came with the sport. This episode shares personal insights on budgeting, balancing parenting and coaching, and long-term financial planning—all grounded in hockey’s realities.

Main Topics Covered:

• Kaydee's journey from childhood hockey to coaching her kids
• The financial rollercoaster of youth hockey: budgeting, borrowing, and paying down debt
• Effective strategies for hockey-related expenses and long-term financial planning
• Lessons learned about maximizing joy and reducing stress in youth sports

In this episode:

• Kaydee shares her early start in figure skating and transition into competitive hockey
• The experience of playing in boys' hockey and later coaching her children's teams
• How she managed her household on a single income while supporting her kids’ hockey pursuits
• Practical tips on budgeting for hockey, including spreadsheet use and expense management
• Her strategy for paying down hockey-related debt and building a retirement nest egg
• Cherished memories from her kids' championship games
• Advice for parents new to youth hockey about planning and enjoying the ride

Timestamps:

00:00 - Introduction: Balancing hockey, family, and finances

00:31 - Kaydee's early hockey journey and transition from figure skating

01:33 - Competing at AAA and transitioning into coaching

02:17 - Continuing to play adult mixed and rec league hockey

03:11 - Coaching her kids and handling parent-player dynamics

03:52 - Her kids' experiences and their varied personalities

05:41 - Managing hockey costs on a single income house

08:56 - Navigating financial chaos and budgeting strategies

10:01 - The high costs of tournaments, travel, and equipment

11:01 - Living within limits and making sacrifices

12:20 - Creating and sticking to a budget with spreadsheets

13:02 - Managing credit card debt effectively

14:04 - The importance of frequent budget review

15:03 - Strategies for paying off high-interest debt

17:28 - How her financial outlook has improved post-hockey

18:33 - Future goals: retirement savings, coaching, and family plans

19:56 - Advice for parents: start budgeting early and seek resources

20:42 - Lessons from money mistakes, credit card reliance

23:13 - Cherish the journey and find joy in youth sports

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.

Book your consultation at UptownWealthManagement.com ⁠

Connect with Brett:⁠

LinkedIn⁠: https://www.linkedin.com/in/brettcranson

Facebook: https://www.facebook.com/uptownwealthmanagement⁠

Instagram: https://www.instagram.com/buildingwealthwithbrett/⁠

TikTok https://www.tiktok.com/@buildingwealthwithbrett

The podcast discusses the principles of building wealth and achieving financial freedom, emphasizing the importance of avoiding debt, living below one's means, and investing the surplus. It also explores the topics of crypto, buying a house, financial independence, and practical steps for financial security.

Takeaways

• Avoid debt that traps you
• Live on less than you earn
• Invest in surplus and let time do its job

Chapters

• 00:00 Building Wealth and Financial Freedom
• 06:03 Debt Management and Investing Surplus
• 13:27 Financial Independence and Compounding

Discover how former pro hockey player and performance coach Rob Pallante transformed adversity into a mission to empower athletes with mental resilience. Hear insights on the importance of mental skills in sports and life transitions.

• Rob Pallante’s hockey career and early influences
• Overcoming injuries, setbacks, and adversity in sports
• Lessons learned from a near-death motorcycle accident in 2015
• Transition from professional sports to corporate and coaching roles
• The importance of mental performance for young athletes and pros
• Building mental resilience as a foundation for success
• How parents and coaches can support young athletes’ mental development
• The role of identity and purpose beyond hockey
• Adopting a mental performance journal and mental skills training
• The future of mental health support at various levels of sports

00:00 - Introduction to Rob Pallante: from professional hockey to mental performance coach

00:45 - Early hockey journey and influences from family and youth sports

01:30 - Facing injury, adversity, and the lessons learned from setbacks

02:40 - The pivotal motorcycle accident in 2015 and its impact on life perspective

03:50 - Transition from a sports career to corporate and coaching—lessons in identity and purpose

05:00 - The importance of separating the athlete from the person for mental well-being

06:15 - Developing mental resilience through coaching and self-awareness tools

07:30 - The power of mental skills in handling adversity and transitions

08:50 - How young athletes can start mental training early—building a mental "four-legged stool"

10:20 - Supporting athletes through the ladder of hockey, from minor leagues to pro

11:45 - The significance of mental health resources and outside support systems

13:00 - Rob’s coaching practice: working with NFL, NHL, and youth players

14:20 - The current landscape of mental health and the need for proactive training

15:40 - The role of parents, coaches, and organizations in nurturing mental skills

17:00 - Common pitfalls: pressure, identity issues, and unrealistic expectations

18:10 - Personal stories of struggling with identity after sports

19:00 - Rob’s reflective insights on his own growth as a parent and coach

20:10 - The value of mental performance journals—Rob’s guided prompts and resources

21:30 - How mental training complements physical skills and technical mastery

22:45 - Supporting a balanced approach to youth sports and holistic development

23:55 - Find Rob's mental performance journal and coaching services

24:45 - Final thoughts: empowering athletes for life beyond sports

Resources & Links

• Mindset Body Bank – Rob’s coaching platform on Instagram

Connect with Brett:⁠

LinkedIn⁠: https://www.linkedin.com/in/brettcranson

Facebook: https://www.facebook.com/uptownwealthmanagement⁠

Instagram: https://www.instagram.com/buildingwealthwithbrett/⁠

TikTok https://www.tiktok.com/@buildingwealthwithbrett

Until next time, stay focused, stay flexible, and keep playing your game!