Securing Your Legacy: The Importance Of Wills With Erin Bury Strictly Money With Saijal Patel podcast

36:38

Join us on Strictly Money as we dive into the art of negotiation and its critical role in achieving financial success. In this episode, Saijal Patel welcomes Mark Raffan, CEO of Negotiations Ninja, an award-winning negotiation trainer, speaker, and well-known negotiation expert. Mark has coached executives and teams in some of the largest companies globally, and today he shares his insights on how mastering negotiation can significantly boost your financial health. Discover why negotiation is often neglected but essential for financial well-being. Learn practical strategies for negotiating better salaries, securing great deals on major purchases, and overcoming the fear of negotiation. Whether you’re looking to save money, make more money, or ask better questions to get your needs met, this episode is packed with valuable tips and techniques to help you succeed. ---------------------------------------------------------------------------------- Key moments: 00:00 - Sales to Procurement: From Seller to Trainer 05:56 - Cultural Comfort: Negotiation Across Borders 06:55 - Smart Negotiation: Saving Through Bargaining 11:10 - Salary Growth: Power of Job Offer Negotiation 13:54 - Art of Asking: Key to Flexibility 19:40 - Savvy Shopping: Research, Negotiate, Compare 20:55 - Negotiation Wisdom: Maintaining a Margin 24:44 - Client Clarity: Essential for Realtors 29:01 - Value vs. Price: Deciphering Purchases 31:35 - Price Comparison: Educating Potential Buyers 34:15 - Fearless Asking: Boosting Negotiation Skills 37:52 - CPP Dilemma: Understanding Investment Returns ---------------------------------------------------------------------------------- GUEST LINKS & RESOURCES: Get in touch with Mark and access his free e-books: https://negotiations.ninja Buy Mark’s Book on Amazon: https://www.amazon.ca/Secrets-Win-Deals-Influence-Stakeholders. LEARN MORE ABOUT BMO ETFS (SPONSOR): https://www.bmo.com/main/personal/investments/etf/ ---------------------------------------------------------------------------------- Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts. Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/ Follow on X: https://twitter.com/strictlymoneytv Get in touch: https://saijelle.com/contact-us/ Join Saij Elle’s FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/…

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Weekly Insights: Unlocking the Power of Your Employer-Sponsored Pension 10:45

40 weeks之前10:45

10:45

Welcome to "Strictly Money: Weekly Insights," the podcast that brings you expert advice and actionable tips to take your financial well-being to the next level. In this episode, I’m diving into the world of employer-sponsored pension plans in Canada. Whether you're just starting your career or approaching retirement, understanding your pension options can make a world of difference in your financial future. Join me as I discuss how to make the most of your pension plan and the mistakes so many employees make. I break down the key differences between a Defined Contribution Pension Plans (DCPP) and a Defined Benefit Pension Plans (DBPP), share strategies to maximize your wealth, and what you can and can’t expect from your employer about your pension plan so you avoid common pitfalls. Tune in, subscribe, and share this episode with your colleagues and friends. Let's build a financially secure future together! ---------------------------- Key moments: 01:00 - Pension Planning: Understanding Retirement Benefits 01:24 - Pension Plan Types: Defined Contribution vs. Defined Benefit 02:30 - Retirement Fund Strategies: Maximizing Contributions 04:26 - Investment Insights: Making Informed Choices for Retirement 06:40 - Financial Security: Building a Solid Retirement Foundation ----------------------------- Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts. Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/ Follow on X: https://twitter.com/strictlymoneytv Get in touch: https://saijelle.com/contact-us/ Join Saij Elle’s FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/…

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Housing in Canada: Unmasking the Myths with Ron Butler 28:12

40 weeks之前28:12

28:12

In this episode, I discuss the pressing issue of housing in Canada with mortgage broker and thought leader Ron Butler. Despite the constant dialogue around making housing more affordable and increasing supply, progress remains sluggish. Is it all just smoke and mirrors? We explore the complexities behind the scenes, from mortgage indebtedness to the policies shaping the market. We’re excited to welcome Ron, the voice behind the popular podcast "Angry Mortgage," to shed light on these critical issues. Whether you're a homeowner, aspiring buyer, or simply interested in real estate, this episode offers invaluable insights. Tune in and stay informed on the real state of housing in Canada. ------------------- TIMESTAMP: 00:00 Ontario and BC housing market challenges. 05:35 Economists predict rate cuts, landlord rights concerns. 07:06 Municipalities cracking down on Airbnb and short-term rentals. 10:48 Canadian mortgage rates rose sharply and adjusted. 14:24 One-year rate not securitized; add 150 basis points. 18:02 Low voter turnout, property tax, immigration concerns. 20:42 City governments overspend and need to change. 24:12 Land development benefits developers over local residents. ------------------- GUEST LINKS & RESOURCES: Get in touch with Ron Subscribe to Ron’s Angry Mortgage Podcast LEARN MORE ABOUT BMO ETFS (SPONSOR) --------------- Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts. Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/ Follow on X: https://twitter.com/strictlymoneytv Get in touch: https://saijelle.com/contact-us/ Join Saij Elle’s FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/…

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Weekly Insights: Preparing a Death File – An Act of Love and Responsibility 9:03

41 weeks之前9:03

9:03

Welcome to this week’s episode of Weekly Insights, where we delve into a topic that might make many feel uneasy but is crucial for responsible financial planning – creating a death file. Discussing and planning for death can be uncomfortable, but it's an inevitable reality we all must face. In this episode, I cover why preparing a death file, or an end-of-life planning checklist, is an essential act of love and responsibility. You’ll learn how to compile essential documents, instructions, and information that will help your family manage your affairs smoothly when you’re gone. Remember, preparing for the inevitable is not just a necessity; it’s a profound act of care for those you leave behind. ---------------- Key moments: 00:49 - Facing the Inevitable: The Importance of a Death File 02:41 - Learning from Mistakes: The Consequences of Not Having a Will 04:15 - Documenting Your Legacy: Essentials for a Comprehensive Death File 05:12 - Financial Preparedness: Organizing Insurance Policies and Financial Accounts 07:19 - Security Measures: Safeguarding Passwords in Your Death File ------------------ Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts. Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/ Follow on X: https://twitter.com/strictlymoneytv Get in touch: https://saijelle.com/contact-us/ Join Saij Elle’s FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/…

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Navigating Retirement Challenges: CHIP Reverse Mortgages Explained 34:12

41 weeks之前34:12

34:12

Join us on Strictly Money as we tackle the pressing issue of the retirement crisis with expert insights from Jeff Thorsteinson, Vice President of Wealth Distribution at HomeEquity Bank and is a 25 year veteran of the wealth management industry. In this episode, we explore the innovative solution of CHIP Reverse Mortgages, designed to empower seniors to age comfortably at home while accessing much-needed cash. Discover key strategies and considerations for seniors facing retirement challenges, including insights on financial planning, cash flow management, and maintaining independence. Jeff provides invaluable expertise on how CHIP Reverse Mortgages can transform retirement planning, offering a practical solution in addressing the retirement crisis and enhancing financial security for seniors. ------------------------------------ TIMESTAMP: 00:00 Increased interest in chip for retirement planning. 03:52 Financial planning tenet is to have emergency fund. 07:17 Pensions declining, home equity now predominant. 11:11 Rethinking retirement: Financial and lifestyle changes. 14:47 Reverse mortgage explained. 19:07 Interest accrues on three equity access options. 22:33 Using home equity for early inheritance strategy. 24:05 Consolidate debts, continue paying, declining interest penalty. 27:45 Approach investing based on needs and assets. 32:16 Advice on financial boxes. ------------------------------- GUEST LINKS & RESOURCES: More about CHIP Reverse Mortgages LEARN MORE ABOUT BMO ETFS (SPONSOR) ------------------------------- Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts. Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/ Follow on X: https://twitter.com/strictlymoneytv Get in touch: https://saijelle.com/contact-us/ Join Saij Elle’s FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/…

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Weekly Insights: How Much Do You Need To Retire? The Answer May Surprise You! 8:23

42 weeks之前8:23

8:23

Welcome to this week’s Strictly Money Weekly Insights, where we dive deep into the most pressing financial questions of our time. Have you ever wondered how much money you'll need in retirement? If you guessed that this is the number one question on everyone's mind, you're absolutely right. Join me, Saij, as I unravel the mysteries of retirement savings and financial planning. There are many considerations that go into determining your retirement nest egg. From lifestyle expectations to healthcare costs and inflation, and so much more. But there's one almost certain way to gauge your retirement needs accurately. I’ll tell you what that is. And for those of you who feel like you're lagging behind on your retirement savings journey, I share three tips to help you catch up and secure your financial future. Tune in weekly for insights that will empower you to make smarter money decisions, only on Strictly Money. ------------------ Key moments: 00:00 Retirement savings depend on individual circumstances. 01:03 Planning for retirement involves various scenarios. 02:05 Early investment is crucial for retirement wealth. 03:06 Tax shelters optimize retirement savings growth. 04:07 Extra income can enhance retirement readiness. --------------------- Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts. Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/ Follow on X: https://twitter.com/strictlymoneytv Get in touch: https://saijelle.com/contact-us/ Join Saij Elle’s FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/…

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Decoding Sell in May: Investment Strategies and Market Sentiments 27:23

42 weeks之前27:23

27:23

Philip Petursson, Chief Investment Strategist at IG Wealth Management is back with his economic and market outlook. We unravel the S&P500 performance and the "sell in May and go away" investment strategy, uncovering what this means for investors. We also delve into the pressing topic of rate cuts by the Federal Reserve and Bank of Canada, and when these pivotal decisions might occur. Plus, we explore sectors that are still cheap and how "magnificent 7 stocks" are influencing market dynamics. ---------------------- TIMESTAMP: 00:00 No advantage in selling stocks based on trends. 05:15 Fed cautious about raising rates before election. 09:19 Canadian economy faces growth and productivity challenges. 10:34 Interest rate cuts weaken Canadian dollar, impact inflation. 13:31 Rate cut expectations already priced in market. 18:30 Market performance displays healthy diversity and breadth. 20:12 AI and machine learning are the latest trends. 23:27 Optimistic about global economy for 2023-2024. 27:12 Long term view, manage risk, ignore volatility. ---------------------------- GUEST LINKS & RESOURCES: The Living Market Podcast Hosted By Philip Petursson: https://www.ig.ca/en/insights/podcast LEARN MORE ABOUT BMO ETFS (SPONSOR): https://www.bmo.com/main/personal/investments/etf/ ---------------------------- Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts. Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/ Follow on X: https://twitter.com/strictlymoneytv Get in touch: https://saijelle.com/contact-us/ Join Saij Elle’s FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/…

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Weekly Insights: Best Financial Advice – Lessons from Guests 8:35

43 weeks之前8:35

8:35

Welcome to my weekly insights segment on Strictly Money, where I distill timeless financial wisdom shared by my esteemed guests. We uncover the essential strategies for saving, investing, and debt management that stand the test of time. This podcast shares some of the best financial advice from legendary experts Joe Canavan, Jason Heath, Alfred Lee, Cathy Wood, Geoff Turner and Rebecca Oakes. ------------------ Key moments: 00:00:01 Introduction and Importance of Personal Questions in Finance 00:01:31 Joe Canavan's Advice on Paying Yourself First 00:02:50 Jason Heath on the Importance of Saving Habits 00:04:06 Cathie Wood on Long-Term Investment Perspective 00:05:51 Geoffrey Turner and Rebecca Oakes on Managing Debt and Credit ----------------------- Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts. Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/ Follow on X: https://twitter.com/strictlymoneytv Get in touch: https://saijelle.com/contact-us/ Join Saij Elle’s FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/…

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Let's Talk: Supporting Aging Parents with Laura Tamblyn Watts 36:10

43 weeks之前36:10

36:10

In this episode, we embark on the poignant journey of navigating aging parents. This evolution requires heartfelt conversations about health, caregiving, and the practicalities of downsizing. Our special guest, Laura Tamblyn Watts, joins us to illuminate these vital discussions. Laura is not only the author of the newly released book "Let’s Talk About Aging Parents," but she also serves as the CEO of CanAge, Canada's leading seniors advocacy organization. With her wealth of experience and expertise, Laura helps us navigate the often challenging terrain of eldercare and family support. --------------------------------------------------------------- TIMESTAMP: 00:00 Supporting loved ones through various life stages. 04:53 Aging in place and parenting our parents. 06:57 Avoid bright lights while driving at night. 10:05 "Prepare for emergencies and stay informed." 13:30 Use I statements, not submissive compliance, especially for women. 18:39 Consider aging in place, Ontario waitlist. 20:19 Choose representation wisely for all decision-making. 23:44 Choosing the right trustee is critically important. 26:00 Authorize responsible management of online accounts. 32:04 Estate planning, trust, tax, and family discussion. 33:24 Focus on positive future plans in conversations. 36:51 Information overload leads to financial decision confusion. ---------------------------------------------------------------- GUEST LINKS & RESOURCES: CanAge: https://www.canage.ca LEARN MORE ABOUT BMO ETFS (SPONSOR): https://www.bmo.com/main/personal/investments/etf/ ----------------------------------------------------------------- Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts. Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/ Follow on X: https://twitter.com/strictlymoneytv Get in touch: https://saijelle.com/contact-us/ Join Saij Elle’s FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/…

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Weekly Insights: Cutting Through Financial Noise – Why It Matters 7:36

44 weeks之前7:36

7:36

Welcome to Weekly Insights , where I dive into the world of personal finance with a critical eye on the noise that surrounds us. I’ll unravel the complexities of financial chatter that often clouds our judgment and share practical tips and strategies to navigate through market hype, media sensationalism, and societal pressures that can impact our financial wellbeing. Whether you're a seasoned investor or just starting out on your financial journey, getting clarity amidst the noise will empower you to make informed decisions and stay focused on your financial goals. Key moments: 00:00:01: Navigating Financial Noise: How to Make Smart Money Moves 00:02:14: The Market Hype Dilemma: Fear, Greed, and Sensible Investing 00:03:46: Cutting Through the Noise: Building a Solid Financial Plan 00:05:08: Mastering Financial Clarity: Mindfulness in Money Management 00:06:01: Pause, Breathe, Reflect: Making Emotionally Smart Financial Choices Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts. Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/ Follow on X: https://twitter.com/strictlymoneytv Get in touch: https://saijelle.com/contact-us/ Join Saij Elle’s FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/…

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Re-evaluating Canada's Income and Wealth Equality 26:22

44 weeks之前26:22

26:22

In this episode, we delve into the surprising reality of Canada's income and wealth gap compared to its U.S. counterpart. Despite common perceptions, recent revelations from the report "Billionaire Blindspot" challenge the accuracy of data collected by Statistics Canada, shedding light on a previously overlooked aspect of economic disparity. Join me as Dan Skilleter, the Director of Policy at Social Capital Partners and author of the report, shares insights derived from his extensive experience in policy advising. Gain a deeper understanding of the nuances shaping Canada's economic landscape and the implications for its citizens. ---------------------------- TIMESTAMP: 00:00 Wealth inequality in Canada similar to US. 04:05 Statistics Canada surveys Canadians every few years. 06:33 US survey has better, more accurate data. 10:38 Popular measurement of income inequality in countries. 14:46 Capital gains tax rate increased to 66%. 19:09 Political argument with merit, but potential downside. 22:59 Challenges in accessing wealth data in Canada. 24:39 We sent data to the government strategically. 27:26 Questioning two-week pay cycle, suggesting daily pay. -------------------------- GUEST LINKS & RESOURCES: Link to Billionaire Blindspot report: https://www.socialcapitalpartners.ca/scpreports LEARN MORE ABOUT BMO ETFS (SPONSOR): https://www.bmo.com/main/personal/investments/etf/ ------------------------- Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts. Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/ Follow on X: https://twitter.com/strictlymoneytv Get in touch: https://saijelle.com/contact-us/ Join Saij Elle’s FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/…

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Weekly Insights: Breaking the Taboo - Talking Finances as a Couple 9:56

45 weeks之前9:56

9:56

Why do so many couples avoid talking about money when it’s essential in order to build and protect one’s wealth? Join me as I explore why couples need to discuss their finances and, more importantly, how to navigate these conversations effectively. Research consistently highlights that couples who openly communicate about money are happier and more fulfilled in their relationships. However, despite these findings, many couples still find it challenging and awkward to broach the subject. So if that’s you - you’re not alone. Whether you're newlyweds, longtime partners, or somewhere in between, I’ll share my advice on how to achieving financial harmony and strengthening your relationship along the way. ------------------- Key moments: 00:00 - 03:37: Unveiling the Taboo: Why Money Talk with Your Partner Matters 03:38 - 05:59: Money Personalities: Understanding Your Beliefs and Habits 06:00 - 06:59: Financial Goals: Crafting a Plan for Shared Dreams 07:00 - 07:56: Scheduling Success: The Power of Regular Money Talks 07:57 - 08:49: Breaking the Silence: Strengthening Bonds for Financial Health --------------------- Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts. Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/ Follow on X: https://twitter.com/strictlymoneytv Get in touch: https://saijelle.com/contact-us/ Join Saij Elle’s FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/…

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Debt, Deficits, and Dilemmas: The Harsh Reality Behind Canada's Budget 27:49

45 weeks之前27:49

27:49

Welcome to this special episode of Strictly Money, where we dissect the aftermath of Canada's federal budget announcement. Jake Fuss of the Fraser Institute joins Saijal Patel as they unravel the implications of Finance Minister Chrystia Freeland's budget, specifically crafted to resonate with millennials and Gen Z amidst the pressing issue of housing affordability. They discuss the ballooning debt, new capital gains tax rules and whether Canada is headed in the right or wrong direction when it comes to personal and economic prosperity. ------------------------------------- ⏰Timestamps: 00:00 - 03:37: Budget Woes: Unsustainable Tax and Spending 03:38 - 08:15: Canada's Lagging Living Standards and Fiscal Responsibilities 08:16 - 11:21: Government's Debt Dilemma: $54 Billion Spending Surge 11:22 - 16:03: Tax Hike Fallout: Discouraging Private Investment 16:04 - 18:42: Housing Policy Pitfalls: Price Rise Concerns 18:43 - 20:59: Housing Crisis: Limits of Withdrawal Increase 21:00 - 23:09: Prioritizing Tax Competitiveness and Productivity 23:10 - 25:09: Advocating for Early Financial Literacy Education ------------------------------------------- GUEST LINKS & RESOURCES: Jake’s Blog: https://fraserinstitute.org/blogs/federal-budgets-scale-of-spending-and-debt-reveal-a-government-lacking-self-control LEARN MORE ABOUT BMO ETFS (SPONSOR): https://www.bmo.com/main/personal/investments/etf/ --------------------------------------------------- Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts. Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/ Follow on X: https://twitter.com/strictlymoneytv Get in touch: https://saijelle.com/contact-us/ Join Saij Elle’s FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/…

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Weekly Insights: Why Financial Literacy Is Failing People 9:27

46 weeks之前9:27

9:27

In this episode, I’m tackling the commonly used term "financial literacy" and why it might be leading us astray. There are limitations of traditional financial literacy and it’s why so many individuals struggle with managing their finances despite possessing basic financial knowledge. The correct approach is a concept called financial capability—a comprehensive framework that goes beyond mere literacy to empower individuals with the skills, attitudes, and behaviours necessary for long-term financial well-being. Whether you're a seasoned investor or just starting your financial journey, this episode will equip you with the tools and mindset needed to thrive in today's complex financial landscape. ---------------- Key moments: 00:00 - 02:06: Rethinking Financial Education: Beyond Literacy 02:07 - 04:49: Financial Capability: Bridging Knowledge and Action 04:50 - 06:23: Transforming Theory into Financial Success 06:24 - 07:42: Empowering Financial Fluency for Collective Prosperity 07:43 - 08:21: Join the Movement: Building Financial Capability ------------------ Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts. Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/ Follow on X: https://twitter.com/strictlymoneytv Get in touch: https://saijelle.com/contact-us/ Join Saij Elle’s FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/…

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Tax Tips Unwrapped: Your Guide to Smart Finances in Canada 27:10

46 weeks之前27:10