WealthSmarts

Worried about a recession and its impact on your financial goals?

A recession can be a scary time, but with the right preparation you can put yourself in a much better position. In this episode of the WealthSmarts Podcast, Richard and Matt will give you some tips on how to prepare for a recession.

By following these tips, we hope you can feel more confident in your financial future, especially during tough times.

Catch this latest episode of the WealthSmarts podcast wherever you listen to your podcasts.

Owning real estate can be a major financial goal for many people, but the high costs of property in cities like Vancouver often discourages buyers. 

The rising cost of real estate means that it's becoming increasingly difficult for people to achieve their financial goals of property ownership. This is especially true for first time home buyers.

In this episode of the WealthSmart Podcast, Matt talks with Denny Dumas of Garbutt + Dumas Real Estate Team about real estate. They cover a range of topics such as who should invest in real estate, the pros and cons of buying property, as well as some tips and tricks to get started.

Many people feel like they lack the financial literacy needed to achieve their financial goals.

Improper financial literacy can sabotage the achievement of your financial goals. Simply starting the financial literacy journey can be quite overwhelming.

In this episode of the WealthSmarts Podcast, Richard and Matt discuss the importance of financial literacy. We introduce some basic financial literacy concepts that will help you get started. We also offer tips for improving your financial literacy skills over time.

Listen to this episode now!

Resources from this episode:

https://www.instagram.com/wealthsmart/

https://wealthsmart.ca/10x-webinar/

https://www.canada.ca/en/financial-consumer-agency/campaigns/financial-literacy-month.html

Unsure if you should be investing on your own or working with a professional?

Check out this episode of the WealthSmarts podcast where Richard and Matt talk about the reasons you might actually need a financial advisor. It covers topics like not having enough time or knowledge to do it yourself, being overwhelmed, having a hard time getting started, and having difficulties managing your emotions with the market.

After listening to this episode, you'll have a better understanding of whether or not hiring a financial advisor is the best decision for you. If you decide that an advisor is right for you, be sure to check out our website for more information on how to get started.

Listen to the full episode of Reasons You Might Need A Financial Advisor on our website now!

Despite what you may have heard, things are getting better.

In this episode of the WealthSmarts podcast, Richard and Matt talk about how things have gotten better through the ages with innovation, collaboration, technology and human ingenuity.

We need to be reminded that things are getting better because it gives us hope for the future. With all of the progress that has been made, we can continue to make things even better.

Listen to this episode of the WealthSmarts podcast wherever you get your podcasts!

Most people are afraid of debt, especially because we are not taught about it.

Debt can be a powerful tool if used correctly, but it can also be dangerous if used incorrectly. 

In this episode of the WealthSmarts podcast, Richard and Matt are joined by Alex McFadyen from Thrive Mortgage to talk all about debt. Alex and his team have a goal of serving Canadian Homeowners with an educational experience.

Some topics we discuss include good vs bad debt, different ways we can use debt vehicles (mortgages, lines of credit, etc), the importance of your credit score and some practical tips to improve it.

You can find Alex and his team at:

https://www.thrivemortgage.ca/

Worried about stock market volatility?

The stock market can feel like an emotional roller coaster - especially when we see our hard earned dollars fluctuating so much.

Volatility in the markets can cause fear and uncertainty, which can lead investors to make rash decisions that can cost them dearly.

In this WealthSmarts podcast episode, Richard and Matt discuss some long term data about the stock market, how reacting to the market can destroy your wealth, and some strategies to help you through these turbulent times.

Are you feeling frustrated because it feels like there's just so much outside of your control when it comes to your finances?

You're not alone. In this episode of the WealthSmarts podcast, Richard and Matt explore how to focus on what we can control and make progress in our own lives, even when things seem tough.

We'll share tips on the things you can control with you finances and make a plan that works for you, so you can make progress toward your financial freedom.

Listen to the podcast now and learn how to take back control of your financial life!

Do you want to make a difference with your business?

Many businesses today focus on profits and don't often consider their impact on the world. What if there was a better way? What if your successful business could also make a positive impact on the community and your team?

Impact businesses are doing amazing things. They're changing the world for the better. In this podcast episode, Matt Wong from Purpose CPA shares with us what an impact business is and why that's important.

https://www.purposecpa.ca/

Join us for part 2 of our conversation with Colin Ritchie where we talk about common estate planning mistakes. In this episode the specific issues we will be discussing includes: 

• Not enough clear instructions in the will
• Not properly dealing with life insurance policies or larger registered plans
• Not enough tax and succession planning
• Not putting enough planning into blended family situations, particularly with children from multiple relationships.