In Her Wallet Podcast

In Her Wallet Podcast

By Sofiia Salimova FradkinEducationSelf-Improvement
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In Her Wallet Podcast episodes

  • 38. Ask Sofiia: What Are the Best Investment Options for Beginners?
    Investing your money is a smart financial decision that can help you grow your wealth over time. However, as a beginner, it can be overwhelming to navigate the vast landscape of investment options. In this episode, Sofiia explains how to understand what type of investor you are, the types of investment options that work best for beginners, and the 4 things to keep in mind when starting to invest. *Watch this episode in video format on YouTube*Key takeaways:00:00 What we're talking about today...
    10 min
  • 37. Where to Keep Money for Short-Term Goals So It Can Still Grow?
    Here at In Her Wallet we talk about investing a lot. But what about the money you aren't ready to invest? Like money you're setting aside for your vacation in Europe next summer? If you've been keeping it in cash or simply letting it accumulate in your chequing account, thinking there's no other option to let it grow but invest - listen up!In this episode, Sofiia explains what is considered money for short-term goals, and the three types of accounts to best keep it. *Watch this episode in vid...
    12 min
  • 36. 3 Ways to Conquer Your Psychological Fears Around Personal Finance
    Did you know that 59% of women stress about money more than once per week, and 43% of women actively worry about money at least once a day? Isn’t that crazy? Money is a dominating stress in women’s lives, which is often caused by uncertainty, overwhelm, and past money trauma. But we must conquer our fears to gain control over our financial lives. Join Sofiia for 3 practical ways on how to do that.*Watch this episode in video format on YouTube*Key takeaways:00:00 Where we’ve been01:41 Where ou...
    13 min
  • 35. Ask Sofiia: Stocks vs Real Estate as Better Long-Term Investment
    For many Canadians purchasing real estate is one of the most desired financial milestones - primarily because of home ownership, but also - as a way of building wealth long term, considering our residential real estate market, especially in cities like Vancouver and Toronto, appreciates strongly. Join Sofiia for a discussion on what's better as long term investment for Canadians - stocks or real estate?*Watch this episode in video format on YouTube*Key takeaways:00:00 What we're talking about...
    10 min
  • 34. From Intl Student to Raising $1.5M for Her Startup with Chexy Founder, Liza Akhvledziani
    From moving to a new country to get her bachelor’s degree to raising $1.5M for her startup - our guest Liza, the founder of Chexy, sees no limits when it comes to aiming for success. In between those two milestones are two successful jobs at Deloitte and Square. What strategies does one employ to consistently excel and stand out in this competitive world?In this episode, Sofiia and Liza chat about choosing a degree, climbing the corporate ladder, the strategies to stand out in a competitive i...
    43 min
  • 33. RBC Royal Trust President & CEO on The Cost of Caregiving for Aging Parents

    Caregiving for aging parents, especially the ones who become ill unexpectedly, isn’t something we consider in advance, while everyone is healthy. Yet it is a significant component that can have major personal finance consequences at the individual level. And while this is by no means exclusively a women's issue, there's no denying that women are disproportionately affected by the impact of both caregiving and receiving, financially and otherwise, as we age.


    In this episode, Sofiia is joined by the President and CEO of RBC Royal Trust, Leanne Kaufman, for a conversation on the cost of caregiving and how you can start chats with your parents about their estate plan and planning for caregiving needs. Leanne shares a multitude of incredible stats and tips that she brings not only from her professional expertise, but also lived experience caring for her mother.


    Key takeaways:

    00:00 What we’re chatting about today

    01:35 Get to know Leanne

    02:42 What RBC Royal Trust does

    03:58 What Leanne’s day-to-day looks like as a President & CEO

    05:43 Caregiving is still a women’s issue

    06:31 Leanne’s personal story with caregiving

    08:39 Why women shall plan in advance

    11:50 What are the potential costs of caregiving?

    14:10 How to start a chat about financial responsibilities of caregiving with your parents

    16:10 What is an estate plan?

    18:30 What does an estate plan include?

    20:00 How to ask parents if they have a will and estate plan?

    21:23 What the roles of power of attorney and executor entail

    24:01 Do you assume debts as an executor?

    25:03 What is a “When I die” folder

    27:51 When is it time for You to get a Will?

    30:35 Leanne’s take on financial freedom

    31:24 Leanne’s tip on how to achieve financial freedom

    32:30 How RBC Royal Trust can help with caregiving and estate planning needs


    Episode resources:

    About Leanne Kaufman Webpage

    RBC Royal Trust Website


    Disclaimer:

    Neither RBC Royal Trust nor any of its affiliates, nor any other person accepts any liability whatsoever for any direct or consequential loss arising from any use of this podcast, the information contained herein or the associated report on which this podcast is based. The podcast may not be reproduced or copied by any means without the prior consent of Royal Bank of Canada.

    35 min
  • 32. Ask Sofiia: How to Choose the Right Investing Platform?
    Investing is about buying and selling securities, which is a fancy word for stocks and bonds. This usually happens on the stock exchange, and in this day and age investing has become digital, meaning you can access any large stock exchange through an online trading platform. They come in all shapes and forms, but how to choose the right one for you?In this solo episode, Sofiia shares her own experience making a switch from one investing platform to the other, the three major types of platform...
    14 min
  • 31. Ask Sofiia: How to Talk About Money Before You Get Married
    In the light of an exciting chapter in my life - getting engaged just 2 weeks ago (yay!) - I though bringing an episode around money in relationships is especially timely. And, I get it - money talk is sensitive, uncomfortable, and not really romantic. But it's a necessary foundation of any honest and true partnership. In this episode, I share some eye-opening stats around money in relationship, specific to us, women, of course, and 3 modules of questions to get you started talking about fina...
    15 min
  • 30. The Cost of Wrong Birth Control on Women's Health and Finances with Dallas Barnes, Founder of Reya Health
    Birth control isn’t without side effects. As with any drug, there are beneficial effects and potential risks that affect everyone differently. What’s more, the only possible way to find the birth control option that works best for you is through trial and error - not really something we want to put our bodies (and wallets!) through. Today Sofiia sits down with Dallas Barnes, Founder of Reya Health, a birth control matching and tracking app that takes the guesswork and frustration out of ...
    32 min
  • 29. Duchess Cocktails Founder on Bootstrapping Her Cocktail Brand to 10x Growth in Just 6 Months
    What’s it like breaking into a male-dominated liquor industry in the midst of a pandemic, enduring 400% rise in production costs with a premium product line, taking your product off the market to build a factory, and getting a deal with the major liquor distributor in the province? All of this without attracting investor’s money!These are just some of the challenges and wins that Olivia Lovenmark, Founder of Duchess Cocktails experienced since she had an idea of creating a drink for girlies l...
    42 min

About In Her Wallet Podcast

From the publisher's feed

Being a woman in your 20s and 30s comes with a thousand questions - about careers, money, relationships, confidence, wellness, and figuring out who you really are. Hosted by Sofiia Salimova Fradkin,…