Join us on Strictly Money as we dive into the art of negotiation and its critical role in achieving financial success. In this episode, Saijal Patel welcomes Mark Raffan, CEO of Negotiations Ninja, an award-winning negotiation trainer, speaker, and well-known negotiation expert. Mark has coached executives and teams in some of the largest companies globally, and today he shares his insights on how mastering negotiation can significantly boost your financial health. Discover why negotiation...

Welcome to "Strictly Money: Weekly Insights," the podcast that brings you expert advice and actionable tips to take your financial well-being to the next level.  In this episode, I’m diving into the world of employer-sponsored pension plans in Canada.  Whether you're just starting your career or approaching retirement, understanding your pension options can make a world of difference in your financial future. Join me as I discuss how to make the most of your pension plan and the mistakes so...

In this episode, I discuss the pressing issue of housing in Canada with mortgage broker and thought leader Ron Butler.  Despite the constant dialogue around making housing more affordable and increasing supply, progress remains sluggish. Is it all just smoke and mirrors? We explore the complexities behind the scenes, from mortgage indebtedness to the policies shaping the market. We’re excited to welcome Ron, the voice behind the popular podcast "Angry Mortgage," to shed light on these...

Welcome to this week’s episode of Weekly Insights, where we delve into a topic that might make many feel uneasy but is crucial for responsible financial planning – creating a death file.  Discussing and planning for death can be uncomfortable, but it's an inevitable reality we all must face.  In this episode, I cover why preparing a death file, or an end-of-life planning checklist, is an essential act of love and responsibility. You’ll learn how to compile essential documents, instructions,...

Join us on Strictly Money as we tackle the pressing issue of the retirement crisis with expert insights from Jeff Thorsteinson, Vice President of Wealth Distribution at HomeEquity Bank and is a 25 year veteran of the wealth management industry.  In this episode, we explore the innovative solution of CHIP Reverse Mortgages, designed to empower seniors to age comfortably at home while accessing much-needed cash. Discover key strategies and considerations for seniors facing retirement...

Welcome to this week’s Strictly Money Weekly Insights, where we dive deep into the most pressing financial questions of our time.  Have you ever wondered how much money you'll need in retirement? If you guessed that this is the number one question on everyone's mind, you're absolutely right.  Join me, Saij, as I unravel the mysteries of retirement savings and financial planning. There are  many considerations that go into determining your retirement nest egg. From lifestyle expectations to...

Philip Petursson, Chief Investment Strategist at IG Wealth Management is back with his economic and market outlook.  We unravel the S&P500 performance and the "sell in May and go away" investment strategy, uncovering what this means for investors. We also delve into the pressing topic of rate cuts by the Federal Reserve and Bank of Canada, and when these pivotal decisions might occur. Plus, we explore sectors that are still cheap and how "magnificent 7 stocks" are influencing market...

Welcome to my weekly insights segment on Strictly Money, where I distill timeless financial wisdom shared by my esteemed guests.  We uncover the essential strategies for saving, investing, and debt management that stand the test of time. This podcast shares some of the best financial advice from legendary experts Joe Canavan, Jason Heath, Alfred Lee, Cathy Wood, Geoff Turner and Rebecca Oakes.  ------------------ Key moments: 00:00:01 Introduction and Importance of Personal Questions in...

In this episode, we embark on the poignant journey of navigating aging parents. This evolution requires heartfelt conversations about health, caregiving, and the practicalities of downsizing. Our special guest, Laura Tamblyn Watts, joins us to illuminate these vital discussions. Laura is not only the author of the newly released book "Let’s Talk About Aging Parents," but she also serves as the CEO of CanAge, Canada's leading seniors advocacy organization. With her wealth of experience and...

Welcome to Weekly Insights, where I dive into the world of personal finance with a critical eye on the noise that surrounds us. I’ll unravel the complexities of financial chatter that often clouds our judgment and share practical tips and strategies to navigate through market hype, media sensationalism, and societal pressures that can impact our financial wellbeing.  Whether you're a seasoned investor or just starting out on your financial journey, getting clarity amidst the noise will...

In this episode, we delve into the surprising reality of Canada's income and wealth gap compared to its U.S. counterpart. Despite common perceptions, recent revelations from the report "Billionaire Blindspot" challenge the accuracy of data collected by Statistics Canada, shedding light on a previously overlooked aspect of economic disparity.  Join me as Dan Skilleter, the Director of Policy at Social Capital Partners and author of the report, shares insights derived from his extensive...

Why do so many couples avoid talking about money when it’s essential in order to build and protect one’s wealth?  Join me as I explore why couples need to discuss their finances and, more importantly, how to navigate these conversations effectively. Research consistently highlights that couples who openly communicate about money are happier and more fulfilled in their relationships. However, despite these findings, many couples still find it challenging and awkward to broach the subject.  So...

Welcome to this special episode of Strictly Money, where we dissect the aftermath of Canada's federal budget announcement. Jake Fuss of the Fraser Institute joins Saijal Patel as they unravel the implications of Finance Minister Chrystia Freeland's budget, specifically crafted to resonate with millennials and Gen Z amidst the pressing issue of housing affordability. They discuss the ballooning debt, new capital gains tax rules and whether Canada is headed in the right or wrong direction when...

In this episode, I’m tackling the commonly used term "financial literacy" and why it might be leading us astray.  There are limitations of traditional financial literacy and it’s why so many individuals struggle with managing their finances despite possessing basic financial knowledge.  The correct approach is a concept called financial capability—a comprehensive framework that goes beyond mere literacy to empower individuals with the skills, attitudes, and behaviours necessary for long-term...

As the tax filing deadline approaches, host Saijal Patel is joined by seasoned tax expert Brian Quinlan to provide last-minute filers and proactive planners alike with essential insights to optimize savings and minimize tax liabilities. From new regulations to timeless strategies, we cover everything you need to know to make the most of your finances in 2024 and beyond. --------------------------- Timestamps: 00:00 - 03:49: Deadline Alert: Last-Minute Tax Tips for Procrastinators 03:49 -...

Tune in to this episode as I uncover the 4 key investing mistakes that could be holding you back from achieving financial freedom. Join me as I discuss why investing is not as risky as you may think and how to approach risk the right way when thinking about your investment strategy. Plus for all you FOMOs, I’ll share why time and patience work for you rather than against you.  ------------------ Key moments: 00:00 - 01:05 - Financial Wisdom Unlocked: Insights 01:06 - 05:55 - Avoid Costly...

In this episode of Strictly Money, host Saijal Patel and Ratehub.ca’s Natasha Macmillan discuss a recent report comparing banking fees in Canada to those in the U.K. and Australia.  Discover the startling discrepancies in fees for basic banking services and explore how they impact the everyday consumer. From monthly account fees to non-sufficient funds charges, learn why Canadians are paying more and what solutions might exist to alleviate the burden. ------------------ ⏰Timestamps: 00:00 -...

Welcome to the latest Weekly Insight!  In this episode, I dig into a crucial but often misunderstood aspect of personal finance: aligning spending habits with individual values. Join me as I unravel the misconceptions surrounding spending habits that are stopping millions of people from reaching their financial goals.  I’ve give you research-backed advice so you regain control over your finances, wipe away burdening debt, and be authentically happier with your...

In this episode, we unpack the imminent trillion-dollar wealth transfer unfolding, with women, GenX, and Millennials set to benefit. However, the lack of preparedness looms large. Estate plans are a mess, poor financial literacy means the inheritance will not be managed well, and families are not having important money conversation. This is an episode you won’t want to miss as we dive into essential conversations and strategies to navigate this wealth transition successfully. My guest, Thuy...

In this Strictly Money: Weekly Insights, we go deep into the psychology behind our financial decisions and why many of us struggle to prioritize our financial health and well-being.  I share personal insights and reflections on pivotal conversations I've had with others and myself. From confronting fears and shame to embracing the journey towards financial literacy, I discuss the emotional barriers that hinder our path to financial freedom.  If you find yourself drowning in debt, battling...

In this episode, we delve into the pressing issue of the debt crisis gripping Canada. With consumer debt soaring to unprecedented levels, the financial strain on Canadians has become undeniable.  Credit card and mortgage delinquencies are up, especially in Ontario and B.C. where home prices are exceptionally high.  Rebecca Oakes, Vice-President of Data & Analytics at Equifax Canada, joins me as we uncover the root causes behind this alarming trend and explore potential avenues for...

Welcome to another edition of Strictly Money, Weekly Insights. I’m going to share my five essential financial rejuvenation strategies, so you review, reset and refocus your way to prosperity.  From budgeting and credit card statement reviews to setting financial planning goals, optimizing investments, and securing your estate plan, I got you covered. ------------------- Key moments: 00:00 - 01:49 Why should you care about Financial Planning 01:50 - 02:50 Change your Mindset, Review your...

In this episode, we tackle the recent upheaval in the world of trusts, as the Canadian government and the Canada Revenue Agency (CRA) roll out new reporting rules that could significantly impact families and financial professionals across the country. Join me as we discuss the implications of these changes, explore why awareness remains low despite the looming deadlines, and discuss the concerns raised by professional accountants about the daunting and expensive nature of compliance. My...

Welcome to Strictly Money! In today's Weekly Insights I am diving deep into the crucial topic of financial education for kids.  Join me as I uncover common misconceptions about kids and money, explore what every parent gets wrong and why they play the most pivotal role in shaping their children's financial futures.  From instilling healthy money habits to fostering a mindset of financial responsibility, we'll discuss why these conversations are crucial for setting children up for...