Last week, Brad Smith and Tim Borody laid the foundation for teaching kids about money. This week, they build on that conversation—tackling more advanced topics that help kids move from understanding money to managing it confidently for the long term.

From introducing investing at the right age to explaining the difference between short-term and long-term goals, Brad and Tim share practical, real-world approaches for guiding kids through increasingly complex financial concepts. They also discuss ways to help children learn from mistakes, develop discipline, and connect money decisions to their personal values.

What You’ll Learn in This Episode:

• How to introduce investing concepts to kids in an age-appropriate way
• Strategies for teaching goal-setting, delayed gratification, and risk awareness
• Why connecting money skills to values sets kids up for lifelong financial health

If you’re ready to prepare the next generation for success—not just in earning money, but in using it wisely—this conversation offers actionable steps you can start today.

Money lessons aren’t just learned in adulthood—they start at home.

In this episode of Your Life and Money, hosts Brad Smith and Tim Borody dive into the essential, and often overlooked, skill of teaching kids about money. Drawing from personal stories, including a recent family wedding, they explore how early financial education shapes lifelong habits and values. From navigating conflicting advice to adapting lessons across generations, Brad and Tim share practical strategies for giving the next generation the wisdom, confidence, and skills to manage money well.

What You’ll Learn in This Episode:

• Why financial education should begin long before kids enter the workforce
• How parents can pass down healthy money values without overwhelm or confusion
• Practical, age-appropriate ways to teach budgeting, saving, and giving

Whether you’re a parent, grandparent, or mentor, this episode will inspire you to start meaningful money conversations that last a lifetime.

Welcome back to Your Life and Money, where financial planning meets real life. In this episode, Brad Smith and Tim Borody continue the conversation around one of the most overlooked yet essential aspects of retirement—preparing not just financially, but emotionally and psychologically for this major life transition.

With decades of experience guiding clients into retirement, Brad and Tim explain why even the most financially secure individuals often feel lost or unsettled once they step away from work. That’s where the Retirement Coaching Program comes in—a life-centered approach to helping people find purpose, structure, and fulfillment in their post-career years.

This episode explores three central themes:

• Identity and Purpose After Work: Why retirement often causes people to ask, “Who am I now?”—and how to find meaningful answers.
• From Accumulation to Distribution: Shifting mindsets from earning and saving to spending with intention and confidence.
• Coaching for the Human Side of Retirement: How structured conversations and thoughtful planning can help you design a retirement that’s rich in purpose, connection, and clarity.

Retirement isn’t the end—it’s a beginning. Tune in and start imagining what’s possible.

Welcome to Your Life and Money—where financial planning is all about designing a life you love. In this episode, Brad Smith and Tim Borody talk about their Retirement Coaching Program. More than just numbers, this program helps clients explore what retirement really means—personally, emotionally, and practically.

It’s not just about saving enough—it’s about answering the bigger question: What’s next?

In this episode, we dive into three key themes:

• Planning Beyond the Financials: Why traditional retirement planning often misses the mark by focusing solely on money—and how coaching helps you define purpose, identity, and lifestyle after leaving the workforce.
• The Role of Retirement Coaching: How this program supports clients in navigating the emotional and psychological transitions that come with retirement, from redefining identity to setting new goals.
• Designing a Fulfilling Future: Strategies for creating a retirement aligned with your values, whether that means volunteering, starting a new business, spending more time with family, or traveling the world.

Don’t just retire—reimagine your future. Tune in now to learn how.

Welcome back to Your Life and Money—where financial planning is about more than just numbers; it’s about designing a life you love. In this episode, Brad Smith and Tim Borody explore a growing trend: the do-it-yourself (DIY) movement in personal finance. With the rise of AI tools and online platforms, it’s easier than ever to manage your own money—but does that mean you should?

This episode dives into the essential conversation around the value of working with professionals in an age of digital convenience. Brad and Tim share real-life stories, professional insights, and compelling research that reveal why sometimes, the best return on investment is the advice you receive—not the product you buy.

In this episode, you’ll discover:

• Why more industries (from real estate to taxes) are pushing DIY options—and what that means for consumers.
• The hidden costs and risks of going it alone with your finances.
• Key insights from FP Canada's recent report on client confidence and peace of mind.
• What real clients say about their experience working with a financial advisor.
• How personal stories, wisdom, and experience offer more value than any AI tool or online calculator.

What’s in it for you?

You’ll walk away with a clearer understanding of the real-world impact of financial advice—from avoiding costly mistakes to gaining the confidence to make life-changing decisions like retiring or relocating. Whether you’re navigating your first big financial move or rethinking your current plan, this episode will help you ask better questions, reflect on your own needs, and make more informed choices.

Welcome back to Your Life and Money — the podcast that goes beyond the numbers to help you live your best financial life. In this solo episode, host Brad Smith dives into a crucial yet often overlooked topic: the role of alternative investments in building a more resilient and aligned financial strategy.

While life-centered planning is always the foundation, Brad explores how evolving markets and investor needs are driving a shift away from traditional models like the 60/40 portfolio—and what that means for your money.

In this episode, we explore three core themes:

• The Limits of Traditional Investing: Why the classic balanced portfolio often falls short of expectations in today’s volatile markets, and how client experiences frequently diverge from projected returns.
• The Rise of Alternative Assets: How pension funds are using private investments like real estate, debt, and equity to reduce volatility and boost long-term returns—and how these strategies are now accessible to individual investors.
• The Power of Active, Integrated Management: How unified managed accounts (UMAs) combine professional management and alternative asset access to create more flexible, responsive portfolios aligned with your life goals.

Why listen?

This episode offers practical insights into how you can build a more durable, diversified portfolio—without relying solely on public stocks and bonds. It’s an essential listen for anyone seeking greater clarity, confidence, and consistency in their financial plan.

Have questions or want to learn more?

Visit our website to connect, share your feedback, or explore how life-centered planning can work for you.

Tune in today and discover how smarter investing can support the life you truly want to live.

Uncertainty may dominate the headlines—but it doesn’t have to dominate your financial decisions. In this insightful episode of Your Life and Money, hosts Brad Smith and Tim Borody dig into the real-world lessons learned from decades of market ups and downs, including recent volatility, and why life-centered planning remains the most effective tool in your financial toolkit.

Drawing from real client stories and historical market shocks—from 9/11 to 2025's tariff turbulence—they explore how patience, true diversification, and clear financial plans help investors stay grounded when the world feels anything but.

Here’s what we unpack in this episode:

• How to stay steady during market volatility by sticking to a values-driven financial plan
• Real examples of past crises (like 9/11 and the 2008 financial crash) and what they teach us today
• The danger of “recency bias” and why emotional investing rarely ends well
• What true diversification looks like—and why most investors aren’t as diversified as they think
• The power of incorporating private investments (real estate, credit, equity) for stability and consistent returns
• Questions to ask yourself and your advisor about your actual risk tolerance
• How pension-style investing provides both peace of mind and performance in uncertain times

Why it matters:

This episode is packed with practical insights that can help you rethink not just how you invest, but why you invest the way you do. Whether you’re nearing retirement or just trying to make smarter decisions in volatile times, you’ll walk away with tools to help you plan with purpose and confidence.

Planning for retirement isn’t just about numbers—it’s about building a life you love. In this episode, hosts Brad Smith and Tim Borody explore how financial scorecards can help you gain clarity and confidence in your future.

They break down two key tools:

• The Retirement & Investment Scorecard – A powerful tool to measure financial confidence and identify gaps in understanding.
• Uses a 1-10 scale to assess confidence in retirement readiness.
• Helps identify areas where more clarity is needed on investments, risks, and cash flow.
• Reveals blind spots—many advisors assume clients grasp financial details, but scorecards often highlight knowledge gaps.
• Provides a structured way to ask better questions and make informed decisions about financial security.
• The Lifestyle Scorecard – Retirement isn’t just about money; it’s about quality of life.
• Evaluates non-financial aspects such as work, relationships, health, and sense of purpose.
• Uncovers hidden concerns—like work dissatisfaction or uncertainty about post-retirement purpose.
• Helps align financial plans with personal goals to create a more fulfilling retirement.
• Encourages deeper conversations about what truly matters in life after work.

Many people assume they have all the answers, but these scorecards reveal crucial knowledge gaps and open up deeper conversations. Brad and Tim discuss how using these tools can replace uncertainty with confidence, helping you craft a retirement that’s both financially and personally rewarding.

Welcome to Your Life and Money, where financial planning goes beyond numbers to help you reach your Financial Finish Line—the point where your money serves your life, not the other way around. Join hosts Brad Smith and Tim Borody as they dive into powerful stories of people who have achieved true financial fulfillment by defining their goals and aligning their finances with their values.

In this episode, Brad and Tim discuss how financial success isn’t just about wealth—it's about clarity, purpose, and using your money as a tool to achieve what matters most. You’ll hear inspirational stories from real people who found their Financial Finish Lines and learn practical ways to start your own journey.

At Advice First Wealth, we believe everyone has a unique financial finish line. It’s time to discover yours. Whether you’re at the beginning of your financial journey or refining your approach, this episode offers insights to help you move forward with confidence and purpose.

Got thoughts or questions? We’d love to hear from you! Join the conversation and connect with us.

Tune in and get inspired to reach your Financial Finish Line!

It’s that time of year again—tax season! But instead of just scrambling to file your return, what if you could take a proactive approach and use tax planning to your advantage? In this episode of Your Life and Money, host Tim Borody dives into the importance of tax planning as a key pillar of financial success.

We’ll cover:

• The difference between tax season and tax planning—and why it matters
• How to align your tax strategy with your overall financial plan
• Smart ways to reduce your tax burden, including RRSP contributions and capital gains strategies
• Real-life examples of how tax planning helped clients save thousands
• The impact of investment fees and how to structure your accounts for tax efficiency

By the end of this episode, you’ll have a better understanding of how to make tax planning work for you—not just this year, but for years to come. Got questions or want to share your own tax-saving strategies? Reach out to us—we’d love to hear from you!