They promise fast money, easy money, the final solution for your financial woes – but are the strategies you’re using to save or make money a good idea? Maybe. Travis and Derrick have a list of the most common financial schemes to dissect – and hacks they recommend –to achieve your goals. 

1:20–Money Problem:Derrick’s client had to decide the best investment for his inheritance – a trendy opportunity or the typical option. 

2:30– Expert Examination:Travis and Derrickreveal the good, bad and grey areas when it comes to these common financial fads:  

• “Couch-potato”money-making 
• “Envelope”expense-management 
• Trendy FOMO investments 
• The Endorsing “Expert” 
• The “Rule of 72” 
• Robo-advising 
• A note so “gold”-eninvestment rule 
• Day-trading 
• Flipping the coin on Real Estate investing 
• Is home-equity the ultimate account? 
• ETFs (Exchange-traded funds) 
• Financial hacks: credit card points programs; $2/wear foryour wares; rounding-up to save “Big Change” 

23:00–Weekly Financial Fix:Travishas a simple challenge that could save you from falling prey to a financial fad. 

If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrickyour question at islandsavings.ca/wealthbeing, or at [email protected], and we will consider it for a future episode.