WealthSmarts

In our exuberance to invest, we often pay little attention to the impact of excessive investment costs on our portfolios. Successful investing involves controlling these costs.

In this episode, Richard and Matt talk about the impact of excessive investment costs on our portfolios and some things to do to make sure we are getting value out of the costs we are paying.

https://www.financialcalculators.net/wealthsmart/investment-fees/

Did you know almost half of all business owners will hit the same stumbling block? They become the primary revenue driver for their company – The Rainmaker.

In this episode, Richard and Matt define the Rainmaker, discuss how they got to this place in their business, and give some examples of what they can do to continue to build their capacity.

Go to https://wealthsmart.ca/business/ to download a copy of The Rainmaker's Dilemma e-book.

Needs of business owners require a different type of financial planning that is uncommon today, but very necessary.

In this episode, Richard and Matt interview John Warrilow. John is the author of The Art of Selling Your Business, The Automatic Customer and The Art of Selling Your Business. He also hosts the weekly podcast Built to Sell Radio. John is the founder of The Value Builder System, a successful framework which owners can leverage to build highly valuable and saleable businesses.

https://builttosell.com/radio/

When it comes to financial planning for business owners, often there is not enough support in helping them to build probably their most valuable asset - their business. Whether you are planning to sell your business or just want to create a self-managing company, it is important to know how it fits in your financial future.

In this episode, Richard and Matt introduce a new series and service that WealthSmart is offering to business owners in order to help them build more valuable and sellable businesses.

https://wealthsmart.ca/business/

In our special 20th episode, Richard and Matt reflect upon the values and mindsets that drive the work we do. More specifically we discuss how gratitude, one of our important values, is actually a solution to a much bigger problem. 

Over 50% of Canadians either do not have a will, or it is outdated. Most of us don't like to talk about death, but failing to plan for it can lead to a lot of chaos and anger for the loved ones we leave behind.

In this episode, Richard and Matt are joined by Tom Deans the author of "Willing Wisdom - 7 Questions Successful Families Ask." We discuss a refreshing new way to address family estate planning through a collaborative process between beneficiaries and the intentions and values of your legacy.

Click the link below to complete your own Willing Wisdom Index.

Welcome to the Willing Wisdom Index | Willing Wisdom

Whether at a sports game or investing, many people get distracted, zone out, or sometimes actually fall asleep, often missing a crucial game-changing event. As a result, we end up disappointed in our experience.

In this episode, Richard and Matt discuss how a successful investment experience requires that we stay disciplined through the ups and downs of any market.

"There’s no such thing as a free lunch.” Economist Milton Friedman may have said this, but the phrase’s originally dates back to a 19th century practice in American bars of offering a free lunch to entice the more lucrative drinking customers. The same goes with our investments! 

In this episode, Richard and Matt talk about how risk and return are linked. For every increase in return, we must take additional risk. You can’t get a higher return for free. The price is the additional risk. 

Diversification is critical to any wealth-building strategy. In this episode, Richard and Matt discuss why diversification is important, how we should think about it, and the risks of under diversification. 

We insure everything around us, our cars, our televisions, our phones, etc. Rarely do we insure our most valuable asset - ourselves and our human capital. In this episode, Richard and Matt discuss what human capital is and how we can protect it.

https://www.insuresmart.ca/