WealthSmarts

Do you want your estate planning to be done right?

Estate planning deals with how we want our life's work to be honored and transitioned to the people or causes we love. Unfortunately there are many mistakes that could potentially undo our legacy.

In this episode of the WealthSmarts podcast, Richard and Matt are joined by Colin Ritchie, an estate planning lawyer and Certified Financial Planner. Colin talks about the most common estate planning mistakes and offers some solutions to these problems.

In the first part of this series, some of the topics we cover include:

• Picking the wrong executor or trustee
• Gifting money to young beneficiaries too soon
• The pitfalls of not giving enough flexibility to your executor or trustee
• Not enough contingency planning when it comes to writing and updating wills

Resources from this episode:

• Colin Ritchie's Wills Questionnaire
• The Ultimate Estate Planning Checklist

As the weather starts to warm up, a lot of people are spending more time outdoors. What better way to spend an afternoon than by enjoying a few beers from a local craft brewery?

In this special episode of the WealthSmarts podcast, Richard and Matt talk with Jules Dubus, head brewer at Monkey 9 Brewing. We talk about the craft brewery business while being guided through a tasting of his latest beers.

We've been hearing a lot about attacks on our freedom. Beneath the distracting social media noise that promotes this idea though, we've been ignoring the attacks that impact most Canadians - Attacks on our FINANCIAL Freedom.

Join Richard and Matt as they discuss this problem and suggest clear strategies to overcome these attacks.

People are often intimidated by their finances and don't know where or when to start. 

You may feel like you're behind the curve or that you can't catch up, but that's not true. Everyone has to start somewhere, and there's no time like the present.

In this episode of the WealthSmarts Podcast, Richard and Matt discuss the benefits of starting your financial journey early, and how to get started.

https://wealthsmart.ca/wealthsmarts/

Wondering if digital marketing is important for your business?

You're not alone. Many business owners are so busy running their businesses that they often do not consider the importance of digital marketing, especially in this evolving digital world.

In this episode Richard and Matt speak with Ray Wang from RW digital about why business owners need to embrace digital marketing. Ray shares the importance of a strong online presence and how digital marketing can drive the future growth of your business.

No one likes to think about inflation, but the fact is that it can have a major impact on your financial future if you're not prepared. Keeping up with inflation is critical to preserving your wealth.

Inflation can be like a sneaky thief, gradually eroding your purchasing power if you're not careful. Most people have no idea how to deal with inflation and as a result they can see their wealth slowly erode over time.

In this episode, Richard and Matt talk about inflation and some strategies to plan for the impact of inflation on your financial future.

Investing in the stock market can be a roller coaster ride. You're happy when the markets are up and you're sad when the markets are down.

It's easy to get caught up in our emotions when it comes to investing.

In this episode of the WealthSmarts Podcast, Richard and Matt talk about how a professional advisor can help us stay mindful of our emotional responses. This involves making smarter investment decisions based on data, not emotion. Studies have shown that investors who work with a professional advisor achieve better investment returns than those who don't.

For the purpose of this conversation, we will be referring to DALBAR's Quantitative Analysis of Investor Behavior and the Vanguard Advisor's Alpha study.

In pursuit of financial freedom, people like to make an impact.

In this episode we interview Ed Gavsie and Rick Duff from Richmond Cares Richmond Gives, about how RCRG helps to provide valuable community services, as well as building volunteer capacity and generosity in the Richmond Area.

https://www.rcrg.org/

Most people don't know how to find an advisor that is right for them, or they may not even know what to look for.

In this episode, we talk with Chris Enright, CEO of Aligned Capital Partners, about the importance of independent advisors and how they can help provide peace of mind to their clients. We also discuss what to look for in an advisor, who should work with one, and why it's so important to work with someone who has your best interests in mind. 

https://wealthsmart.ca/10x/

When it's time to sell your business, the way you leave can significantly impact the value you get from it.

If you don't plan your exit, or if you're forced to exit, you could be leaving money on the table.

In this podcast episode, Richard and Matt discuss how to plan for a business exit on your terms, and other steps you can take to build a valuable and saleable business.

https://wealthsmart.ca/business/