Strictly Money with Saijal Patel

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 is often neglected but essential for financial well-being. Learn practical strategies for negotiating better salaries, securing great deals on major purchases, and overcoming the fear of negotiation. Whether you're looking to save money, make more money, or ask better questions to get your needs met, this episode is packed with valuable tips and techniques to help you succeed.----------------------------------------------------------------------------------Key moments:00:00 - Sales to Procurement: From Seller to Trainer05:56 - Cultural Comfort: Negotiation Across Borders06:55 - Smart Negotiation: Saving Through Bargaining11:10 - Salary Growth: Power of Job Offer Negotiation13:54 - Art of Asking: Key to Flexibility19:40 - Savvy Shopping: Research, Negotiate, Compare20:55 - Negotiation Wisdom: Maintaining a Margin24:44 - Client Clarity: Essential for Realtors29:01 - Value vs. Price: Deciphering Purchases31:35 - Price Comparison: Educating Potential Buyers34:15 - Fearless Asking: Boosting Negotiation Skills37:52 - CPP Dilemma: Understanding Investment Returns----------------------------------------------------------------------------------GUEST LINKS & RESOURCES: Get in touch with Mark and access his free e-books: https://negotiations.ninjaBuy Mark's Book on Amazon: https://www.amazon.ca/Secrets-Win-Deals-Influence-Stakeholders.LEARN MORE ABOUT BMO ETFS (SPONSOR): https://www.bmo.com/main/personal/investments/etf/----------------------------------------------------------------------------------Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/Follow on X: https://twitter.com/strictlymoneytvGet in touch: https://saijelle.com/contact-us/Join Saij Elle's FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

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 many employees make. I break down the key differences between a Defined Contribution Pension Plans (DCPP) and a Defined Benefit Pension Plans (DBPP), share strategies to maximize your wealth, and what you can and can't expect from your employer about your pension plan so you avoid common pitfalls.Tune in, subscribe, and share this episode with your colleagues and friends. Let's build a financially secure future together!----------------------------Key moments:01:00 - Pension Planning: Understanding Retirement Benefits01:24 - Pension Plan Types: Defined Contribution vs. Defined Benefit02:30 - Retirement Fund Strategies: Maximizing Contributions04:26 - Investment Insights: Making Informed Choices for Retirement06:40 - Financial Security: Building a Solid Retirement Foundation-----------------------------Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/Follow on X: https://twitter.com/strictlymoneytvGet in touch: https://saijelle.com/contact-us/Join Saij Elle's FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

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 critical issues. Whether you're a homeowner, aspiring buyer, or simply interested in real estate, this episode offers invaluable insights. Tune in and stay informed on the real state of housing in Canada.-------------------TIMESTAMP: 00:00 Ontario and BC housing market challenges.05:35 Economists predict rate cuts, landlord rights concerns.07:06 Municipalities cracking down on Airbnb and short-term rentals.10:48 Canadian mortgage rates rose sharply and adjusted.14:24 One-year rate not securitized; add 150 basis points.18:02 Low voter turnout, property tax, immigration concerns.20:42 City governments overspend and need to change.24:12 Land development benefits developers over local residents.-------------------GUEST LINKS & RESOURCES: Get in touch with RonSubscribe to Ron's Angry Mortgage PodcastLEARN MORE ABOUT BMO ETFS (SPONSOR)---------------Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/Follow on X: https://twitter.com/strictlymoneytvGet in touch: https://saijelle.com/contact-us/Join Saij Elle's FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

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, and information that will help your family manage your affairs smoothly when you're gone. Remember, preparing for the inevitable is not just a necessity; it's a profound act of care for those you leave behind.----------------Key moments:00:49 - Facing the Inevitable: The Importance of a Death File02:41 - Learning from Mistakes: The Consequences of Not Having a Will04:15 - Documenting Your Legacy: Essentials for a Comprehensive Death File05:12 - Financial Preparedness: Organizing Insurance Policies and Financial Accounts07:19 - Security Measures: Safeguarding Passwords in Your Death File------------------Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/Follow on X: https://twitter.com/strictlymoneytvGet in touch: https://saijelle.com/contact-us/Join Saij Elle's FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

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 challenges, including insights on financial planning, cash flow management, and maintaining independence. Jeff provides invaluable expertise on how CHIP Reverse Mortgages can transform retirement planning, offering a practical solution in addressing the retirement crisis and enhancing financial security for seniors.------------------------------------TIMESTAMP: 00:00 Increased interest in chip for retirement planning.03:52 Financial planning tenet is to have emergency fund.07:17 Pensions declining, home equity now predominant.11:11 Rethinking retirement: Financial and lifestyle changes.14:47 Reverse mortgage explained.19:07 Interest accrues on three equity access options.22:33 Using home equity for early inheritance strategy.24:05 Consolidate debts, continue paying, declining interest penalty.27:45 Approach investing based on needs and assets.32:16 Advice on financial boxes.-------------------------------GUEST LINKS & RESOURCES: More about CHIP Reverse MortgagesLEARN MORE ABOUT BMO ETFS (SPONSOR)-------------------------------Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/Follow on X: https://twitter.com/strictlymoneytvGet in touch: https://saijelle.com/contact-us/Join Saij Elle's FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

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 healthcare costs and inflation, and so much more. But there's one almost certain way to gauge your retirement needs accurately. I'll tell you what that is. And for those of you who feel like you're lagging behind on your retirement savings journey, I share three tips to help you catch up and secure your financial future. Tune in weekly for insights that will empower you to make smarter money decisions, only on Strictly Money.------------------Key moments:00:00 Retirement savings depend on individual circumstances.01:03 Planning for retirement involves various scenarios.02:05 Early investment is crucial for retirement wealth.03:06 Tax shelters optimize retirement savings growth.04:07 Extra income can enhance retirement readiness.---------------------Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/Follow on X: https://twitter.com/strictlymoneytvGet in touch: https://saijelle.com/contact-us/Join Saij Elle's FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

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 dynamics.----------------------TIMESTAMP:00:00 No advantage in selling stocks based on trends.05:15 Fed cautious about raising rates before election.09:19 Canadian economy faces growth and productivity challenges.10:34 Interest rate cuts weaken Canadian dollar, impact inflation.13:31 Rate cut expectations already priced in market.18:30 Market performance displays healthy diversity and breadth.20:12 AI and machine learning are the latest trends.23:27 Optimistic about global economy for 2023-2024.27:12 Long term view, manage risk, ignore volatility.----------------------------GUEST LINKS & RESOURCES: The Living Market Podcast Hosted By Philip Petursson: https://www.ig.ca/en/insights/podcastLEARN MORE ABOUT BMO ETFS (SPONSOR):https://www.bmo.com/main/personal/investments/etf/----------------------------Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/Follow on X: https://twitter.com/strictlymoneytvGet in touch: https://saijelle.com/contact-us/Join Saij Elle's FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

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 Finance00:01:31 Joe Canavan's Advice on Paying Yourself First00:02:50 Jason Heath on the Importance of Saving Habits00:04:06 Cathie Wood on Long-Term Investment Perspective00:05:51 Geoffrey Turner and Rebecca Oakes on Managing Debt and Credit-----------------------Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/Follow on X: https://twitter.com/strictlymoneytvGet in touch: https://saijelle.com/contact-us/Join Saij Elle's FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

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 expertise, Laura helps us navigate the often challenging terrain of eldercare and family support.---------------------------------------------------------------TIMESTAMP:00:00 Supporting loved ones through various life stages.04:53 Aging in place and parenting our parents.06:57 Avoid bright lights while driving at night.10:05 "Prepare for emergencies and stay informed."13:30 Use I statements, not submissive compliance, especially for women.18:39 Consider aging in place, Ontario waitlist.20:19 Choose representation wisely for all decision-making.23:44 Choosing the right trustee is critically important.26:00 Authorize responsible management of online accounts.32:04 Estate planning, trust, tax, and family discussion.33:24 Focus on positive future plans in conversations.36:51 Information overload leads to financial decision confusion.----------------------------------------------------------------GUEST LINKS & RESOURCES: CanAge: https://www.canage.caLEARN MORE ABOUT BMO ETFS (SPONSOR): https://www.bmo.com/main/personal/investments/etf/-----------------------------------------------------------------Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/Follow on X: https://twitter.com/strictlymoneytvGet in touch: https://saijelle.com/contact-us/Join Saij Elle's FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

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 empower you to make informed decisions and stay focused on your financial goals.Key moments:00:00:01: Navigating Financial Noise: How to Make Smart Money Moves00:02:14: The Market Hype Dilemma: Fear, Greed, and Sensible Investing00:03:46: Cutting Through the Noise: Building a Solid Financial Plan00:05:08: Mastering Financial Clarity: Mindfulness in Money Management00:06:01: Pause, Breathe, Reflect: Making Emotionally Smart Financial ChoicesSaijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/Follow on X: https://twitter.com/strictlymoneytvGet in touch: https://saijelle.com/contact-us/Join Saij Elle's FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

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 experience in policy advising. Gain a deeper understanding of the nuances shaping Canada's economic landscape and the implications for its citizens.----------------------------TIMESTAMP:00:00 Wealth inequality in Canada similar to US.04:05 Statistics Canada surveys Canadians every few years.06:33 US survey has better, more accurate data.10:38 Popular measurement of income inequality in countries.14:46 Capital gains tax rate increased to 66%.19:09 Political argument with merit, but potential downside.22:59 Challenges in accessing wealth data in Canada.24:39 We sent data to the government strategically.27:26 Questioning two-week pay cycle, suggesting daily pay.--------------------------GUEST LINKS & RESOURCES: Link to Billionaire Blindspot report: https://www.socialcapitalpartners.ca/scpreportsLEARN MORE ABOUT BMO ETFS (SPONSOR):https://www.bmo.com/main/personal/investments/etf/-------------------------Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/Follow on X: https://twitter.com/strictlymoneytvGet in touch: https://saijelle.com/contact-us/Join Saij Elle's FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

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 if that's you - you're not alone. Whether you're newlyweds, longtime partners, or somewhere in between, I'll share my advice on how to achieving financial harmony and strengthening your relationship along the way.-------------------Key moments:00:00 - 03:37: Unveiling the Taboo: Why Money Talk with Your Partner Matters03:38 - 05:59: Money Personalities: Understanding Your Beliefs and Habits06:00 - 06:59: Financial Goals: Crafting a Plan for Shared Dreams07:00 - 07:56: Scheduling Success: The Power of Regular Money Talks07:57 - 08:49: Breaking the Silence: Strengthening Bonds for Financial Health---------------------Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/Follow on X: https://twitter.com/strictlymoneytvGet in touch: https://saijelle.com/contact-us/Join Saij Elle's FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

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 it comes to personal and economic prosperity. -------------------------------------⏰Timestamps: 00:00 - 03:37: Budget Woes: Unsustainable Tax and Spending03:38 - 08:15: Canada's Lagging Living Standards and Fiscal Responsibilities08:16 - 11:21: Government's Debt Dilemma: $54 Billion Spending Surge11:22 - 16:03: Tax Hike Fallout: Discouraging Private Investment16:04 - 18:42: Housing Policy Pitfalls: Price Rise Concerns18:43 - 20:59: Housing Crisis: Limits of Withdrawal Increase21:00 - 23:09: Prioritizing Tax Competitiveness and Productivity23:10 - 25:09: Advocating for Early Financial Literacy Education-------------------------------------------GUEST LINKS & RESOURCES: Jake's Blog: https://fraserinstitute.org/blogs/federal-budgets-scale-of-spending-and-debt-reveal-a-government-lacking-self-controlLEARN MORE ABOUT BMO ETFS (SPONSOR):https://www.bmo.com/main/personal/investments/etf/---------------------------------------------------Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/Follow on X: https://twitter.com/strictlymoneytvGet in touch: https://saijelle.com/contact-us/Join Saij Elle's FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

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 financial well-being.Whether you're a seasoned investor or just starting your financial journey, this episode will equip you with the tools and mindset needed to thrive in today's complex financial landscape.----------------Key moments:00:00 - 02:06: Rethinking Financial Education: Beyond Literacy02:07 - 04:49: Financial Capability: Bridging Knowledge and Action04:50 - 06:23: Transforming Theory into Financial Success06:24 - 07:42: Empowering Financial Fluency for Collective Prosperity07:43 - 08:21: Join the Movement: Building Financial Capability------------------Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/Follow on X: https://twitter.com/strictlymoneytvGet in touch: https://saijelle.com/contact-us/Join Saij Elle's FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

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 Procrastinators03:49 - 07:12: Insights into Evolving Tax Filing07:12 - 11:19: Maximizing Benefits and Refunds11:19 - 13:32: Utilizing CRA Website and Newsletters13:32 - 17:42: Tax Savings Through Spousal Investment17:42 - 22:34: Remote Work Impact: Changes in Home Office Deductions22:34 - 25:51: Prospects for Budget Passage by Year's End-------------------------GUEST LINKS & RESOURCES: Get in touch with Brian: https://allayllp.ca/about-us/our-team/brian-quinlan/LEARN MORE ABOUT BMO ETFS (SPONSOR): https://www.bmo.com/main/personal/investments/etf/-------------------------Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate who runs Saij Elle/Saij Wealth Consulting Inc dedicated to help women build financial independence. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts. Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/ Follow on X: https://twitter.com/strictlymoneytv Get in touch: https://saijelle.com/contact-us/Join Saij Elle's FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

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: Insights01:06 - 05:55 - Avoid Costly Investment Blunders: Guide05:56 - 09:30 - Embrace Risk for Wealth: Secret Revealed09:31 - 12:44 - Market Mastery: Timing and Diversification Tips12:45 - 13:34 - Secure Your Future: Expert Investment Advice------------------Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/Follow on X: https://twitter.com/strictlymoneytvGet in touch: https://saijelle.com/contact-us/Join Saij Elle's FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

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 - 03:15: Introduction to banking fees in Canada03:15 - 06:12: Truths about Monthly fees and minimum balances06:12 - 09:27: How ATM cash withdrawal fees work09:27 - 12:44: Factors contributing to high fees in Canada12:44 - 15:54: Government initiatives vs other countries15:54 - 18:57: Bundling banking products18:57 - 21:56: What is Open Banking and how does it work 21:56 - 27:03: Importance of credit card choice-------------GUEST LINKS & RESOURCES: https://www.ratehub.caMore about open bankingLEARN MORE ABOUT BMO ETFS (SPONSOR)-------------------------Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/Follow on X: https://twitter.com/strictlymoneytvGet in touch: https://saijelle.com/contact-us/Join Saij Elle's FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

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 purchases.------------------------------Key moments:00:47 - 02:54: Aligning Spending with Values: Overcoming Regrettable Purchases03:30 - 05:19: Understanding Emotional vs. Rational Decision-Making06:03 - 07:45: The Importance of Aligning Spending with Values08:25 - 09:42: Practical Exercise: Evaluating Spending Habits10:18 - 12:00: Actionable Steps for Mindful Spending-------------------------------Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/Follow on X: https://twitter.com/strictlymoneytvGet in touch: https://saijelle.com/contact-us/Join Saij Elle's FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

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 Lam, a Certified Financial Planner & Money Coach from Objective Financial Partners, sheds light on crucial insights and actionable advice.--------------------------------------------------------------------------------⏰Timestamps: 00:00 - 05:40 Wealth transfer benefits millennials.05:45 - 07:50 Immigrant family from Vietnam, taught savings early.07:55 - 11:40 Parents fear passing on financial insecurity to kids.11:43 - 16:00 Wealth comes with concerns for parents and children.16:04 - 17:10 Improving diversity in hiring and financial education.17:14 - 20:10 Executives need to address emotions and fears.20:17 - 25:40 Managing complex estates requires careful planning and communication.25:44 - 27:40 Differences between Money Coach and Financial Planner.27:45- 28:40 Consider balancing paying off debt with investing.----------------------------------------------------------------------------------GUEST LINKS & RESOURCES: Contact ThuyLEARN MORE ABOUT BMO ETFS (SPONSOR)----------------------------------------------------------------------------------Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/Follow on X: https://twitter.com/strictlymoneytvGet in touch: https://saijelle.com/contact-us/Join Saij Elle's FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

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 shopping addictions, or hesitating to save for retirement, and if you want discover the transformative power of facing discomfort for the promise of long-term security and freedom, this podcast is for you. -----------------------Key moments:01:00 - 2:40 Hard truths: Is Financial Health a Priority for you?03:01 - 04:00 Taking Care of your Finances is Like Going to the Gym04:06 - 07:05 How Financial Fear works and how to Overcome it07:28 - 09:08 Putting in the Work is Always Rewarding at the end-----------------------Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advoacate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and whereever you get your podcasts. Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/Follow on X: https://twitter.com/strictlymoneytvGet in touch: https://saijelle.com/contact-us/Join Saij Elle's FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

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 relief.-------------------------------------⏰Timestamps: 00:00 - 05:00 A deep dive into the debt crisis in Canada05:06 - 07:00 Mortgage prioritized over credit cards with high interest07:00 - 12:00 Immigrants rely on credit for essentials.12:05 - 14:00 Credit score impacts mortgage rates and offers.14:16 - 18: 00 Credit score predicts payment behavior, rebuildable. Utilization matters.18:01 - 19:00 Check credit report more than once yearly.----------------------------------------GUEST LINKS & RESOURCES:https://www.consumer.equifax.ca/personal/ LEARN MORE ABOUT BMO ETFS (SPONSOR)----------------------------------------Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advoacate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and whereever you get your podcasts. Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/Follow on X: https://twitter.com/strictlymoneytvGet in touch: https://saijelle.com/contact-us/Join Saij Elle's FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

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 Planning01:50 - 02:50 Change your Mindset, Review your Finances02:54 - 04:17 Make your Financial Goals SMART04:18 - 05:00 Apply simple Budgeting Strategies05:15 - 07:20 Streamline your Credit Management07:40 - 08:00 Enhance your Estate Planning with this Investment adivce--------------------Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advoacate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and whereever you get your podcasts. Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/Follow on X: https://twitter.com/strictlymoneytvGet in touch: https://saijelle.com/contact-us/Join Saij Elle's FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

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 guest, Michelle Connolly, Senior Vice-President of Advanced Tax & Estate Planning at Wellington-Altus, brings her expertise to the table, offering invaluable advice on navigating these new changes.Whether you're a taxpayer, financial advisor, or simply curious about the latest developments in Canadian tax law, this episode promises essential insights and practical guidance you won't want to miss.-----------------------------------------GUEST LINKS & RESOURCES: New Trust Rules ArticleLEARN MORE ABOUT BMO ETFS (SPONSOR)-----------------------------------------Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advoacate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and whereever you get your podcasts. Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/Follow on X: https://twitter.com/strictlymoneytvGet in touch: https://saijelle.com/contact-us/Join Saij Elle's FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

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 success.I'll share three actionable tips on how parents can effectively prepare their children for financial well-being, drawing on both personal experience and extensive research in the field.Whether you're a parent seeking guidance on how to approach these conversations or simply curious about the impact of financial education on future generations, you'll walk away with some valuable insights and practical advice. --------------------------------------------------------LINKSResearch:Financial Literacy: From Parent to Child --------------------------------------------------------Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advoacate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and whereever you get your podcasts. Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/Follow on X: https://twitter.com/strictlymoneytvGet in touch: https://saijelle.com/contact-us/Join Saij Elle's FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

Join us for an insightful exploration into sustainable investing with our special guest, Danielle LeClair from Morningstar Canada. As the Director of Manager Research, Danielle brings invaluable expertise to our discussion, delving into the latest trends and challenges in the sustainable funds market. Together, we'll tackle burning questions about selecting the right sustainable fund and assessing its potential returns, offering essential guidance for aligning values with investment choices.Don't forget to hit that SUBSCRIBE button! ----------------------------------------------GUEST LINKS & RESOURCES: https://www.morningstar.com/en-ca/lp/sustainable-investing-landscapeLEARN MORE ABOUT BMO ETFS (SPONSOR): https://www.bmo.com/main/personal/investments/etf/------------------------------------------------Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advoacate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and whereever you get your podcasts. Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/Follow on X: https://twitter.com/strictlymoneytvGet in touch: https://saijelle.com/contact-us/Join Saij Elle's FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/Join Saij Elle's FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

Welcome to a special episode of our podcast, dedicated to celebrating International Women's Day! This year's theme, "Count Her In: Accelerating Gender Equality Through Economic Empowerment," sets the stage for today's discussion. Join me as I delve into the critical importance of economic empowerment for women and explore actionable steps toward closing the gender gap.While we celebrate the progress made by women we must acknowledge the frustratingly slow pace of change. From the challenges faced by women during the pandemic to the systemic biases entrenched in our society, it's clear that there's still much work to be done.It is unacceptable that it will take 169 years to close the gender economic gap. We're losing out on trillions of dollars in gross domestic output annually due to gender inequality. It's time for a paradigm shift—a recognition that money is essential to women's lives and a key to unlocking equality. To drive meaningful change, I'll speak to the myths women must challenge and how to advocate for economic empowerment as a pathway to equality.Don't forget to share this episode to the women in your life and leave a review! Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advoacate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and whereever you get your podcasts. Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/Follow on X: https://twitter.com/strictlymoneytvGet in touch: https://saijelle.com/contact-us/Join Saij Elle's FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/Join Saij Elle's FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

In this insightful episode, we take a comprehensive look at the economic landscape in both Canada and the United States, exploring its far-reaching effects on the stock markets across these neighboring nations.While the US market has seen impressive gains, largely propelled by the influential "magnificent 7," Canadian investors are taking a more measured approach, keenly awaiting signs of economic rejuvenation and the possibility of interest rate reductions.We are joined by Sebastien McMahon, the distinguished Chief Strategist and Senior Economist at iA Financial Group, who will offer his expert perspective on pivotal questions: Are we past the peak of inflation? What is the anticipated timeline for interest rate adjustments in both countries? Moreover, Sebastien will evaluate the future trajectory of NVIDIA and AI technologies, shedding light on their potential to reshape the economic and investment landscapes.Tune in to enrich your understanding of these critical economic developments and their strategic implications for investors.Don't forget subscribe for more insightful episodes like this!---------------------------------------In Your Interest Podcast & Weekly Insights: https://ia.ca/economic-publicationsFollow Sebastien: LinkedIn profile: https://ca.linkedin.com/in/sebastien-mc-mahon-bb063327Twitter handle: @SebMcMahon_IA---------------------------------------------LEARN MORE ABOUT BMO ETFS (SPONSOR):https://www.bmo.com/main/personal/investments/etf/Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advoacate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and whereever you get your podcasts. Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/Follow on X: https://twitter.com/strictlymoneytvGet in touch: https://saijelle.com/contact-us/Join Saij Elle's FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

The truth is what can actually set you free from debt and financial misery towards financial freedom. Join host Saijal Patel on this eye-opening episode of Strictly Money as she fearlessly delves into the often overlooked, yet crucial, truths surrounding financial wellness.In a world where money talks and financial security is paramount, Saijal unveils five hard truths that are rarely discussed but are essential for anyone striving to achieve prosperity. Today, you'll learn some of the most common misconceptions that are keeping you from achieving your maximum financial empowerment, and why you are your best champion. You'll understand financial health is not solely dictated by education or socioeconomic status, and much more.Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advoacate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and whereever you get your podcasts. Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/Follow on X: https://twitter.com/strictlymoneytvGet in touch: https://saijelle.com/contact-us/Join Saij Elle's FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

Today we sit down with the illustrious Joe Canavan, a name synonymous with innovation in the fintech space. With a career that spans several successful startups, Joe shares his unique perspective on the seismic shifts occurring in financial services, banking, and insurance. His insights into the disruption of traditional asset management and how technology is paving the way for a new era in finance are not to be missed.Joe is not just any industry expert; he's a visionary who has guided numerous fintech CEOs and startups towards monumental success. Having served on nine different boards and advised companies like Wealthsimple and Koho, Joe's expertise is unparalleled. His ability to understand and leverage technology to transform the consumer landscape in Canada makes this episode a treasure trove of knowledge for anyone looking to stay ahead in the finance sector.Don't forget to subscribe for more insightful episodes like this.LEARN MORE ABOUT BMO ETFS (SPONSOR):https://www.bmo.com/main/personal/investments/etf/Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advoacate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and whereever you get your podcasts. Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/Follow on X: https://twitter.com/strictlymoneytvGet in touch: https://saijelle.com/contact-us/Join Saij Elle's FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/https://www.nextcanada.com/joe-canavan/_____________________________________________Incubators and accelerators like Next Canada, CDL and others play a crucial role but so do those talented founders who have built successful companies, had an exit, take that accumulated wisdom and capital and reinvest in the next round of incredible startups creating a virtuous cycle of innovation, disruption, employment and wealth creation. For our country to truly thrive and prosper we need to support this ecosystem, incent risk, retain the incredible talent graduating out of our best universities and attract global talent here. We must support our visionaries and our country's fastest growing businesses. We need our founders/angel investors and vc's to reinvest in our entrepreneurs.Joe Canavan: - Mr. Joseph Canavan serves as Board Member & Chief Executive Officer at The Next Canada.- Also an Advisor at Koho. - Was Chairman and Chief Executive Officer of Assante Wealth Management and United Financial Corporation, an affiliated asset management firm until November 2009. - Prior to joining Assante, Mr. Canavan was the President and CEO of Synergy Asset Management, a wealth management company he founded in December 1997 an organization that quickly became known as one of Canada's most innovative mutual fund companies. - Synergy was acquired by CI Financial in October 2003. - He began his career as a financial advisor with Burns Fry Ltd. - In 1994, he launched GT Global (Canada), which became the fastest-growing mutual fund company in Canadian history. Under Mr. Canavan's leadership, the company gained $2.4 billion in assets in less than 30 months. GT Global is now part of AIM Trimark. For decades, Joe Canavan had a reputation on Bay Street...

Welcome to a new episode of Strictly Money, where we delve into the often overlooked intersection of love and finance. As we navigate through the complexities of relationships, one crucial aspect that often gets sidelined is the financial dialogue between partners. Today, we're joined by two distinguished professionals, Eva Sachs, a seasoned divorce consultant, and Anna-Marie Musson, a highly respected family lawyer. Together, they form a dynamic team specializing in Modern Marriage Contracts, offering invaluable insight into navigating the intricate landscape of love and finance.With their combined expertise and wealth of experience in guiding couples through the financial aspects of their union, Eva and Anna-Marie bring practical advice and strategic solutions to the forefront of today's discussion. Join us as we uncover the secrets to fostering financial harmony within relationships.Don't forget to subscribe for more insightful episodes like this.Anna-Marie is a family lawyer and principal of M & Co. Law Firm with offices in Toronto, Waterloo and Markham. She helps clients navigate the twists and turns of the family law system and works with clients to get them on the same page with their partner when it comes to prenups and cohabitation agreements. Anna-Marie has a passion for innovative, out of the box problem solving and not only is able to help her clients as a lawyer but also as a strategic advisor. Her big picture thinking allows her clients to move forward in their lives. Eva's Bio: Eva Sachs is a recognized expert and trusted resource dealing with all the financial issues related to divorce. Eva is a Certified Financial Planner (CFP®), Chartered Financial Divorce Specialist with Advanced Accreditation (CFDS-AA) and Certified Divorce Financial Analyst (CDFA™). She is the co-author of the book “When Harry Left Sally – Finding your way through Grey Divorce” . She is the financial professional team member at The Modern Divorce and Modern Marriage Contracts. Eva is passionate about providing clients with financial clarity, compassion and confidence at various stages of their separation and divorce. She loves helping couples who are getting together, share their financial future goals.SHOW LINKS: ModernMarriageContracts.com, www.evasachs.com , www.mlawgroup.ca SHOW SPONSOR: BMO ETFs https://www.bmo.com/main/personal/investments/etf/----------------------------------------------------------------------------------------------------------------------Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and wherever you get your podcasts. Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/Follow on X: https://twitter.com/strictlymoneytvGet in touch: https://saijelle.com/contact-us/

In this new episode of Strictly Money, we dive deep into the intricacies of self-directed investing with the insightful Hamish Khamisa, co-founder of Sparks Trading. As the landscape of personal finance continues to evolve, understanding the nuances of managing your investments becomes paramount. This episode sheds light on the often-overlooked aspects of online brokerage, focusing on the critical question of fees - not just the ones you see but the ones you don't.Hamish Khamisa brings a wealth of knowledge from his journey in the financial sector, particularly in self-directed investing. His unique perspective, rooted in a strong research background, offers a fresh look at the challenges and opportunities within the self-directed investment space. By highlighting the importance of transparency and informed decision-making, Hamish empowers investors to navigate the complex world of fees, ensuring they're not caught off guard by unexpected charges.Don't forget to subscribe for more insightful episodes like this.

Today we sit down with Alfred Lee, a seasoned investment strategist at BMO Asset Management, to talk about the impressive surge in popularity of Canadian Exchange-Traded Funds (ETFs) and their pivotal role in modern investment portfolios. With the ETF industry boasting a compound annual growth rate of 20% over the past 10 years, Alfred sheds light on the multifaceted drivers behind this growth, which extends beyond just the allure of lower fees.Alfred Lee brings a wealth of knowledge from his extensive experience in the financial sector, particularly in the realm of ETFs. His insights into the adoption of ETFs by both institutional and retail investors highlight the versatility and strategic value ETFs add to diverse investment strategies. Whether you're a seasoned investor or just starting out, this podcast provides actionable insights into the world of Canadian ETFs. Discover why these investment tools are often compared to the Swiss Army knife.Don't forget to subscribe for more insightful episodes like this.Alfred is a portfolio manager and investment strategist at BMO ETFs, where he currently heads up the index equity team. His team currently manages some of the largest ETFs in Canada. In addition to his portfolio manager duties, Alfred also serves as the investment strategist for the team, putting together trade ideas and model portfolios for institutional and retail clients. Prior to moving to equities, Alfred was a lead portfolio manager on the entire fixed income BMO ETF line up and also spent a year seconded to the Bank of Canada, managing their Provincial Bond Purchase Program (PBPP), one of the central bank's emergency asset purchase programs in 2020. Prior to joining BMO, Alfred worked at two other Canadian banks as a research analyst, focusing on macro-economics and ETFs and also worked in an institutional consultant practice of a major bank.Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advoacate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and whereever you get your podcasts. Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/Follow on X: https://twitter.com/strictlymoneytvGet in touch: https://saijelle.com/contact-us/Strictly Money is sponsored by BMO ETFs:https://www.bmo.com/main/personal/investments/etf/BMO DISCLAIMER: Commissions, management fees, and expenses all may be associated with investments in exchange-traded funds. Please read the ETF Facts or prospectus of the BMO ETFs before investing. Exchange-traded funds are not guaranteed, their values change frequently and past performance may not be repeated.For a summary of the risks of an investment in the BMO ETFs, please see the specific risks set out in the BMO ETF's prospectus. BMO ETFs trade like stocks, fluctuate in market value, and may trade at a discount to their net asset value, which may increase the risk of loss. Distributions are not guaranteed and are subject to change and/or elimination.BMO ETFs are managed by BMO Asset Management Inc., which is an investment fund manager and a portfolio manager, and a separate legal entity from Bank of Montreal.The portfolio holdings are subject to change without notice and only represent a small percentage of portfolio holdings. They are not recommendations to buy or sell any particular security.Any statement that necessarily depends on future events may be a...

Host Saijal Patel is joined by June Cotte, a renowned marketing professor at Ivey Business School, who brings her extensive research on consumer habits, the allure of gambling, and the subtle yet powerful influence of marketing tactics to the forefront. This episode is a must-watch for anyone looking to navigate the complexities of personal finance with more insight and control.June Cotte, our esteemed guest, is not just an academic but a beacon of knowledge in understanding why we spend the way we do. With a focus on consumer behavior, her insights into the psychological triggers of spending, especially in the realms of credit card use and gambling, are both enlightening and practical. Her work at Western University has paved the way for a deeper understanding of the financial decisions that shape our lives.Don't forget to subscribe for more insightful episodes like this.-----------------------Contact June: https://www.ivey.uwo.ca/faculty/directory/june-cotte/ June's work as Editor at the Journal of Consumer Research: https://consumerresearcher.comStrictly Money is sponsored by BMO ETFs:https://www.bmo.com/main/personal/investments/etf/Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advoacate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and whereever you get your podcasts. Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/Follow on X: https://twitter.com/strictlymoneytvGet in touch: https://saijelle.com/contact-us/

Welcome to another insightful episode of Strictly Money, where we explore the vibrant and diverse investment landscape of Asia that could be the key to supercharging your portfolio.Over the past two decades, Asia has proven to be a goldmine for investors, offering some of the most substantial returns in the global market.I speak to Herald van der Linde, the Head of Asia Pacific Equity Strategy at HSBC. As the author of "Asia's Stock Markets, From the Ground Up," Herald brings unparalleled insights for anyone eyeing the Asian market.We dissect the region's economic landscape, exploring monumental demographic shifts and ground-breaking reforms that make Asia an undeniable powerhouse for growth and diversification.In this episode, we address pressing questions:

Welcome to another insightful episode of Strictly Money, where we delve into the crucial world of estate planning. In this episode, our host Saijal engages with Erin Bury, CEO of Willful, in a riveting discussion about how technology is revolutionizing the way Canadians approach wills and estate planning. Discover the ease and importance of securing your legacy in today's digital age.Erin Bury, a renowned entrepreneur and CEO of Willful, brings her unique perspective to the table. Erin has dedicated her career to transforming the traditional approach to estate planning through technology. Her journey began with a personal experience that highlighted the need for a more straightforward, affordable way to manage wills and estate planning. With a mission to make estate planning accessible and straightforward, Erin shares her journey and insights gained from transforming a personal experience into a thriving business. Erin's expertise in leveraging technology to simplify legal processes is a game-changer in the industry.Don't forget to like, share, and subscribe for more valuable insights from industry leaders!Willful website - https://www.willful.co/Willful IG - https://www.instagram.com/willfulwills/?hl=enWillful Twitter - https://twitter.com/willfulwills?lang=enStrictly Money is sponsored by BMO ETFs:https://www.bmo.com/main/personal/investments/etf/Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advoacate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and whereever you get your podcasts. Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/Follow on X: https://twitter.com/strictlymoneytvGet in touch: https://saijelle.com/contact-us/

How many times have you set money resolutions only for you to give up a few weeks later? You would not be alone. In fact, only 10% of people who make resolutions stick with them! On today's show, we're going to unravel the secrets to achieving your financial resolutions and making 2024 your most prosperous year yet! The key to success isn't just about willpower; it's about approaching your goals in the right way. Believe it or not, there's a method to the madness, and we're here to guide you through it. My guest is Sam Sivarajan, a seasoned speaker, author, and behavioural scientist with a diverse background in wealth management, investment banking, fintech, and corporate law.BMO ETF Saijal's FREE Money Masterclass for WomenSam Sivarajan: samsivarajan.com or linkedin.com/in/samsivarajan/Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advoacate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and whereever you get your podcasts. Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/Follow on X: https://twitter.com/strictlymoneytvGet in touch: https://saijelle.com/contact-us/

Join me for a deep dive into the upcoming tax landscape of 2024 that's set to reshape the financial landscape for all Canadians. In this episode, our guest, Geoffrey Turner, a distinguished tax lawyer with Davies and a respected instructor of the income tax course at the University of Toronto, joins us to unravel the intricacies of the impending tax changes. As tax brackets, CPP contributions, and the TFSA limit jumps, driven by inflation, the news is a welcomed relief for anyone aiming to retain more of their hard-earned money. But it prompts a crucial question: Is Canada's tax system truly designed to foster prosperity for its citizens and the economy?Geoffrey lends his expertise to dissect critical policy issues, exploring questions that resonate with every taxpayer. Are our tax rates too progressive? Is there a wealth gap problem and can taxes fix it? How do we create a tax structure that fosters productivity? Whether you're a financial aficionado, a concerned citizen, or someone simply looking to understand the impact of these changes on your pocket, this episode is a must-listen.BMO ETFContact Saijal: saijelle.comGeoffrey on LinkedIn / Facebook

Strictly Money is your ultimate guide to navigating the ever-changing financial landscape so you can make better personal money decisions! If you're a homeowner or car owner, insurance is non-negotiable, but the rising costs can be a hard pill to swallow. In this episode, we've got Matt Hands, the Vice-President of Insurance at Ratehub.ca, shedding light on the upcoming insurance trends for 2024.Discover the reasons behind the surge in home and auto insurance prices, including the impact of auto thefts. Matt also breaks down how increased competition in the insurance market could actually benefit consumers like you. Get the essential insights to help you strike the perfect balance between managing costs and ensuring you have the right coverage.Contact Saijal: www.saijelle.com RateHub on Twitter / Facebook / Instagram / Linkedin

Are you a first-home buyer who is planning on leveraging the First Home Savings Account? The FHSA was officially introduced earlier this year to help first-time homebuyers, and yet many home purchasers aren't aware of the new tax-deferred scheme or find it too onerous. The FHSA was officially introduced earlier this year to help first-time homebuyers, and yet many home purchasers aren't aware of the new tax-deferred scheme or find it too onerous. In fact, according to BMO's 14th Annual Investment Survey, just over half of Canadians (52%) looking to buy a home for the first time say they are likely to leverage the FHSA to help save for their home purchase. It suggests that there's still a long way to go in order to foster an understanding of their benefits. Jason Heath is a fee-only financial planner with Objective Financial Partners. Today, he explains how FHSA works, the nuisances to be aware of, and whether you're better off using another plan.Website: www.objectivefinancialpartners.comTwitter: @JasonHeathCFP LinkedIn: https://www.linkedin.com/in/jasonheathfinancial/

How are you feeling about Canada's housing affordability crisis? The latest data shows that housing affordability actually worsened in Q3 2023. Are better days ahead? There's a real debate on this. On one hand, more interest rate hikes are likely over and are expected to trend down next year. On the other hand, demand for homes far exceeds the available supply and there's no relief in sight.I welcome David Larock, mortgage broker and President of Integrated Mortgage Planners to share his take on the housing market and the recent housing headlines in the media. Plus, he gives his mortgage advice for those who are facing mortgage renewal or planning to buy a home.X: @Dave_at_IMPWebsite: https://www.integratedmortgageplanners.com

Our guest, Philip Petursson, Chief Investment Strategist at IG Wealth Management, brings a wealth of knowledge and expertise. With his team's 2024 outlook report, Philip offers a unique perspective on the economic trends shaping our future. His insights on the 'rolling recession' and its impact across various sectors provide invaluable guidance for investors and market enthusiasts alike.In this eye-opening episode of Strictly Money, we delve into the intricate world of market uncertainties and the looming question of 2024: Are we heading towards a recession or a recovery? Join us as we dissect the complexities of the global economy and what it means for your investments.Want more?• Follow Philip on Twitter (@PhlipPetursson) - Read IG Wealth Management's 2024 Outlook: https://www.ig.ca/content/dam/investorsgroup/pdf/ig-2024-market-outlook-explainer-wm-en.pdfDon't forget to subscribe for more insightful episodes on finance and investment!

Join us in the kick-off of Season 3 of the new “Strictly Money”, as we crack the code on all things personal finance issues and revolutionize financial well-being for all Canadians!Hosted by former CNBC and BNN business TV journalist Saijal Patel, this episode features a look into the transformative world of Artificial Intelligence in the investment sector, with none other than Cathie Wood, the visionary CEO and CIO of ARK Investment Management. Cathie Wood, a titan in the investment world, shares her unparalleled insights on how AI is revolutionizing investment strategies. With a career spanning decades, Wood has been at the forefront of financial innovation, making her one of the most respected and influential figures in the industry. In this episode, we discuss the complexities of AI investments, regulating crypto, making bold calls, and the roadmap for navigating this new era.LINKS: ARK Invest: https://ark-invest.com/Cathie's commentary and forecasts based on the ARK's 2023 Big Ideas Report: https://ark-invest.com/big-ideas-2023/BMO ETFs: https://www.bmo.com/main/personal/investments/etf/Saij Elle/Saij Wealth Consulting Inc: https://saijelle.com/_________________Want more? • Follow STRICTLY MONEY on Twitter • Follow Saijal on Instagram Join us on this enlightening journey as we explore the intersection of technology and finance, and discover how AI is not just a tool, but a game changer in the investment world. Don't forget to like, share, and subscribe for more insightful episodes! _________________BMO DISCLAIMER: Commissions, management fees, and expenses all may be associated with investments in exchange-traded funds. Please read the ETF Facts or prospectus of the BMO ETFs before investing. Exchange-traded funds are not guaranteed, their values change frequently and past performance may not be repeated.For a summary of the risks of an investment in the BMO ETFs, please see the specific risks set out in the BMO ETF's prospectus. BMO ETFs trade like stocks, fluctuate in market value, and may trade at a discount to their net asset value, which may increase the risk of loss. Distributions are not guaranteed and are subject to change and/or elimination.BMO ETFs are managed by BMO Asset Management Inc., which is an investment fund manager and a portfolio manager, and a separate legal entity from Bank of Montreal. The portfolio holdings are subject to change without notice and only represent a small percentage of portfolio holdings. They are not recommendations to buy or sell any particular security. Any statement that necessarily depends on future events may be a forward-looking statement. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties, and assumptions. Although such statements are based on assumptions that are believed to be reasonable, there can be no assurance that actual results will not differ materially from expectations. Investors are cautioned not to rely unduly on any forward-looking statements. In connection with any forward-looking statements, investors should carefully consider the areas of risk described in the most recent simplified prospectus.The viewpoints expressed by the Portfolio Manager represents their assessment of the markets at the time of publication. Those views are subject to change without notice at any time. The information provided herein does not constitute a solicitation of an offer to buy, or an offer to sell securities nor should the information be relied upon as investment advice. Past performance is no guarantee of future results. This communication is intended for informational purposes only.BMO Global Asset Management is a brand name under which BMO Asset Management Inc. and BMO Investments Inc. operate. Certain of the products and services offered under the brand name, BMO Global Asset Management, are...

Strictly Money is now available where you get your podcasts. Make sure you subscribe.