WealthSmarts

Follow WealthSmarts
Share on
Copy link to clipboard

Gain the financial capabilities & confidence to achieve the goals that matter to you.  In each episode we dig into the truth behind finances & money, giving you the empowerment you need to make the right decisions when it matters most. This is WealthSmarts, where you will gain the financial capabilities & confidence to achieve the goals that matter to you.  Now here are your hosts, Richard and Matt. Learn more at https://wealthsmart.ca/

Richard Vetter & Matt Vetter


    • Jun 28, 2024 LATEST EPISODE
    • monthly NEW EPISODES
    • 30m AVG DURATION
    • 64 EPISODES


    Search for episodes from WealthSmarts with a specific topic:

    Latest episodes from WealthSmarts

    Do You Know What Your Cashflow Is? Wealth Builder Part 3

    Play Episode Listen Later Jun 28, 2024 15:04


    Richard and Matt tackle the third question of the Wealth Builder Scorecard: 'Do you have short and long-term cash flow projections that you can understand?'. They discuss the crucial role of cash flow in achieving financial goals and the necessity of having a clear picture of both current and future cash flows. They outline different levels of awareness regarding cash flow management—from having no idea to having a detailed projection and understanding its impact on long-term financial sustainability. The hosts also highlight tools and resources available on their website, including a cash flow spreadsheet and video tutorial, to help viewers gain better control over their finances. To download your FREE Cash Flow Spreadsheet, check out our resources page: https://wealthsmart.ca/cfpic-resources/ ********** TAKE YOUR WEALTH BUILDER SCORECARD: wealthsmart.ca

    What Are SMART Financial Goals? Wealth Builder Part 2

    Play Episode Listen Later Jun 27, 2024 19:03


    In part two of the Wealth Builder Scorecard series, Richard and Matt delve into the importance and framework of SMART goals. They discuss the five critical components: Specific, Measurable, Actionable, Relevant, and Time-bound goals.The dialogue highlights the significance of having concrete goals to avoid aimless progress, the power of writing down goals for a 42% higher achievement rate, and practical steps to install systems that ensure financial goals are met. Insights into avoiding post-retirement decline through proactive planning and a continuous evolution of goals underscore the need for a dynamic approach to financial planning. Emphasizing commitment, courage, and capabilities as pathways to confidence in wealth building, the episode encourages listeners to assess their current progress with the Wealth Builder Scorecard available on their website. To download your FREE Cash Flow Spreadsheet, check out our resources page: https://wealthsmart.ca/cfpic-resources/ ********** TAKE YOUR WEALTH BUILDER SCORECARD: wealthsmart.ca

    Are You Making Regular Progress Toward Your Goals? Wealth Builder Scorecard Pt 2

    Play Episode Listen Later May 30, 2024 13:17


    Do You Have a Financial Plan? Wealth Builder Scorecard Pt 1

    Play Episode Listen Later May 24, 2024 13:23


    In Part 1 of the Wealth Builder Scorecard series, we delve into the importance of having a comprehensive financial plan. Richard and Matt discuss what constitutes an effective financial plan, outlining the six critical areas: financial management, insurance and risk management, investment planning, retirement planning, tax planning, and estate planning. They highlight the common pitfalls of thinking a mental plan suffices and stress the need for a methodological approach akin to solving a puzzle. They discuss the various stages people might find themselves in—from having no written plan to consistently seeking improvements—and the potential obstacles posed by incomplete or misleading financial advice. Tune in to gain insights into how a well-structured financial plan can streamline your path to wealth building.#personalfinancecanada #canadianeconomy #financialeducation #financialfreedom #financialliteracy

    The Wealth Builder Scorecard

    Play Episode Listen Later May 16, 2024 11:13


    Today, Richard & Matt from WealthSmart have something very exciting to introduce to you... The Wealth Builder Scorecard! This episode peels back the curtain on society's fascination with measurements and rankings, from the whimsical (which Disney princess are you?) to the practical (what's your fitness score?), setting the stage for a deeper exploration into personal growth and financial success. Discover the origins of the Wealth Builder Scorecard, inspired by renowned entrepreneur Dan Sullivan's Scorecard Mindset from Strategic Coach, and learn about the journey from a failure mindset to the pinnacle of transformative success. We break down the scorecard's four key stages, offering listeners insights on how to climb the ladder of wealth building by shifting from external to internal metrics of success. The conversation also highlights the pivotal strategic coach concept of the abundance vs. scarcity mindset and uncovers the four freedoms crucial for true wealth builders: time, relationships, purpose, and financial independence. This episode is not just a talk; it's a call to action to assess and elevate your wealth-building journey. Take the Wealth Builder Scorecard challenge on our website, benchmark your progress, and step into the mindset of abundance that defines the most successful wealth builders. Tune in, transform your approach to wealth, and redefine your personal success story. To find your Wealth Builder Score, head on over to our website and click on the Orange button: wealthsmart.ca To get caught up on all things Personal Finance in Canada, make sure to subscribe to WealthSmarts and check out our previous episodes. Richard and Matthew Vetter are Certified Independent Financial Planners in Vancouver, BC.

    We Are Officially Back - State of The Podcast

    Play Episode Listen Later Feb 15, 2024 15:48


    The WealthSmarts Podcast is Back! With the first episode of 2024, Richard & Matt announce their return in 2024 after a significant break. They describe several steps taken in the previous year for the firm to better assist clients in planning, building, and securing wealth. Key changes include new systems, hiring an associate advisor, and acquiring another advisory business. The aim for the revamped podcast is to deliver value and share financial education with clients and 'wealth builders.' Future content will also be influenced by audience feedback and periodically condensed in a relaunched WealthSmarts newsletter. Richard & Matt then provide a brief roadmap of topics for coming episodes, including goal setting, tax planning, retirement planning, debt management, etc. Make sure to check out our podcast, WealthSmarts, wherever you find your podcasts. For detailed insights and tailored advice for your and your family's finances, make sure to check out our website: wealthsmart.ca If this content makes you interested in managing your finances, give us a like, share, and make sure you're subscribed to WealthSmart. For regular content make sure to follow us on social media! Facebook/Instagram/Threads: @wealthsmart

    Celebrating Business Excellence with Shaena Furlong

    Play Episode Listen Later Jul 28, 2023 28:08


    In this week's episode of the WealthSmarts podcast we celebrate the contribution of businesses and non-profit organizations to our community in Richmond. In particular, we discuss how such organizations generate massive value in our society and too often fly under our radar.   We will also be talking about the Richmond Chamber of Commerce Business Excellence Awards which has recognized the best of Richmond's business community since 1977. Joining us is Shaena Furlong, President and CEO of The Richmond Chamber of Commerce who will share her insights on the many different ways that businesses and non-profits shine. To nominate a business or non-profit organization that you feel deserves to be recognized, click here: https://www.richmondchamber.ca/business-excellence-awards/

    The Wealth Builder Series - Introduction

    Play Episode Listen Later Jun 30, 2023 23:22


    Are you a wealth builder looking to get control of your personal finances?  Join Richard and Matt in their new series focused on the challenges that wealth builders face today in building a comprehensive financial plan. Each episode of this series will go in-depth into each stage of a comprehensive financial plan for a wealth builder. We will cover financial management, tax planning, estate and legal planning, risk management, retirement planning and investment planning. No matter where you are an established or aspiring wealth builder, this series is the perfect starting place.  Stay tuned for the Wealth Builder Series on the WealthSmarts podcast

    Is the Financial Advice You're Receiving Worth the Fees You're Paying?

    Play Episode Listen Later Jun 2, 2023 37:50


    Do you know the amount that you are paying for the financial advice you are receiving? This can be challenging to determine if you are getting value out of the investment fees that you are paying - especially when you don't know how much you are paying or what value you should be receiving. In this episode of the WealthSmarts Podcast, Richard and Matt go through their Value Fee Audit conversation to help Canadians understand the investment fees that they are paying, what should be included in a comprehensive financial plan, and how to calculate how much they are paying on a yearly basis. Listen to this episode of the WealthSmarts Podcast wherever you find your podcasts!

    Your Financial Plan is Useless

    Play Episode Listen Later May 12, 2023 31:37


    So many people create a financial plan only to let it sit on the shelf and never make any progress toward the financial goals that matter to them. This is frustrating because it may feel like all your hard work has gone to waste. You've done nothing to move closer to achieving your financial goals, leaving you in the same place as before. It's not your fault though, many financial plans can be overly complex and overwhelming. In this episode of the WealthSmarts Podcast, Richard and Matt dive deeper into the things that prevent many Canadians from making their financial plan useful. They discuss using your financial plan to take actionable steps towards achieving your financial goals. Some of the topics discussed include; avoiding the overwhelm of financial plans, making sure your financial plan actually helps you achieve the goals that matter to you, when to update your financial plan and many others. Listen to this episode of the WealthSmarts Podcast wherever you find your podcasts!

    (Part 2) The Importance of Charitable Giving with John Bromley

    Play Episode Listen Later Apr 28, 2023 23:08


    Do you want to learn more about charity but don't know how or where to start? In this episode of the WealthSmarts Podcast, Richard and Matt continue their conversation with Founder and CEO of Charitable Impact John Bromley. They discuss how Charitable Impact is helping to make charitable giving easier for everyone by addressing the frustrations and friction associated with being generous. They also talk about ways that donors can focus on causes they want to support with time, treasure and talent. You will gain insight in empowering yourself as an intentional donor. This podcast will show you all the steps involved in making your donation journey easier so that you can focus on what matters most - supporting your favorite causes or charities! Tune into this episode of WealthSmarts Podcast today.  https://www.charitableimpact.com/

    ceo founders charitable giving bromley charitable impact john bromley
    The Importance of Charitable Giving with John Bromley (Part 1)

    Play Episode Listen Later Apr 13, 2023 39:17


    Are you looking for ways to make your charitable giving more meaningful? Giving is connected deeply with our sense of purpose - it's a natural way for us to start making changes in the world we want to see. Whether through our time, talent, or treasure, there are so many opportunities available to each one of us that can help bring meaning to our generosity.   In this episode of the WealthSmarts podcast, Richard and Matt are joined by special guest John Bromley, CEO and founder of Charitable Impact. Charitable Impact has facilitated over 1 billion dollars of generosity through their community of donors. John shares with us how we can use our time, talent, and treasure to create a real impact to the causes that matter to us. There is an important emphasis on helping listeners make their own charitable impact more meaningful to them.  Listen to part 1 of our interview with John Bromley.

    ceo giving charitable giving bromley charitable impact john bromley
    The Bermuda Triangle of Wealth

    Play Episode Listen Later Mar 30, 2023 18:35


    It's hard to build wealth when you're engaging in behaviors that may undermine your financial success. Most people don't realize they're sabotaging their own success until it's too late. Many spend years chasing after the latest shiny object, trying to get rich quick, or feeding their financial freedom with leftovers.  In this episode of the WealthSmarts Podcast, Richard and Matt talk about the Bermuda Triangle of Wealth - which includes the behaviors and actions that will undermine our financial success. For the proper way to build, check out our previous episode "The Wealth Triangle." This framework will help you build a strong foundation in your finances so you can start building real wealth.

    The Wealth Triangle

    Play Episode Listen Later Mar 16, 2023 20:53


    Are you looking for the right structure to build your financial freedom on? Check out the latest episode of the WealthSmarts Podcast, where Richard and Matt discuss a great framework to achieve your goals - the Wealth Triangle. The Wealth Triangle framework will help you create a strong foundation for long-term growth and stability. We go into detail about each stage of the wealth triangle - protecting, building, growing, enjoying, and having an impact with your wealth. By acting on this framework, you can achieve the financial goals that matter to you.  Listen now to get started in accelerating your financial freedom. 

    How NOT to Achieve Your Financial Goals

    Play Episode Listen Later Mar 1, 2023 25:59


    In this episode of the WealthSmarts podcast, where Richard and Matt usually teach Canadians how to achieve their financial goals, they are going to discuss the top ways to not achieve your financial goals. They cover topics like not having a financial plan, not setting financial goals, not tracking your progress, trying to keep up with others, and many other ways of not achieving your financial goals. Listen to this episode wherever you find your podcasts! Make sure to subscribe, like, share, and leave a comment! Here is the link to the 10 Steps to 10X Your Financial Freedom Webinar - https://wealthsmart.link/10X-Your-Financial-Freedom

    How to Protect Yourself From Financial Misinformation

    Play Episode Listen Later Feb 16, 2023 27:20


    Financial scams and misinformation are on the rise, and it's hard to know who to trust when it comes to your money. It can be really scary to make decisions about your finances, especially when there is so much information out there - some of it good, but a lot of it bad. Unfortunately, a lot of the bad information is disguised as good advice. In this episode of the WealthSmarts podcast, "How to Protect Yourself From Financial Misinformation," Richard and Matt talk about some things to watch out for to protect your finances from misinformation and scams.  Find this episode of the podcast wherever you listen to your podcasts!

    Guide to the First Home Savings Account

    Play Episode Listen Later Feb 1, 2023 27:27


    Struggling to save for a first home in Canada? The Federal Government has introduced the First Home Savings Account (FHSA) – but what is it and how does it work? In this episode of the WealthSmarts podcast, Richard and Matt discuss the FHSA and answer some of the key questions you need to know. Some of the questions covered include: whom this is for, when someone can start using one, any restrictions or qualifiers as well as important considerations. Be informed on all that this new account offers so you can understand its many benefits - like tax savings! Don't miss out on learning more about this great tool so you and your friends and family that qualify can be steps closer to owning a first home. Tune in now to our latest podcast episode featuring Richard & Matt share their thoughts and opinions on the FHSA account!

    Important 2023 Money Dates and Facts

    Play Episode Listen Later Jan 19, 2023 28:54


    Are you wondering what money changes and deadlines to look out for in 2023? Look no further! In this episode of the WealthSmarts Podcast, Richard and Matt go into detail about all the important financial dates and changes Canadians should be aware of in 2023. These timely tips will help keep your finances on track. Some of the topics we cover include changes to contribution limits, increases in CPP and OAS payments, changes to marginal tax brackets, tax filing dates, and so many more. Take control over your finances this year by tuning into the latest episode of WealthSmarts podcast now!

    Your 2023 Financial Goals

    Play Episode Listen Later Dec 30, 2022 26:35


    Wondering how to set your financial goals for the year? Richard and Matt are here to help you out! In this episode of the WealthSmarts podcast, they discuss how to use the SMART framework to achieve your financial goals. They also provide real-life examples of goal setting so that you can apply these techniques yourself. You'll leave this episode feeling motivated and inspired to set and achieve the financial goals that matter to you. Use the SMART framework to make your goals Specific, Measurable, Attainable, Relevant and Time-bound – and see how much progress you can make in 2023! Find this episode wherever you listen to your podcasts!

    End of Year Financial Checklist

    Play Episode Listen Later Dec 15, 2022 26:39


    Are you looking to get your finances in order before the end of the year? Listen to this episode of the WealthSmarts podcast for a comprehensive checklist on what you need to do. Richard and Matt will walk you through everything, so you can be confident that you're taking care of everything necessary. Nobody wants to deal with financial stress at the end of the year - so make sure to listen to this episode and take care of everything on the list!

    Planning for a Recession

    Play Episode Listen Later Nov 30, 2022 23:49


    Worried about a recession and its impact on your financial goals? A recession can be a scary time, but with the right preparation you can put yourself in a much better position. In this episode of the WealthSmarts Podcast, Richard and Matt will give you some tips on how to prepare for a recession. By following these tips, we hope you can feel more confident in your financial future, especially during tough times. Catch this latest episode of the WealthSmarts podcast wherever you listen to your podcasts.

    Real Estate with Denny Dumas

    Play Episode Listen Later Nov 18, 2022 55:02


    Owning real estate can be a major financial goal for many people, but the high costs of property in cities like Vancouver often discourages buyers.  The rising cost of real estate means that it's becoming increasingly difficult for people to achieve their financial goals of property ownership. This is especially true for first time home buyers. In this episode of the WealthSmart Podcast, Matt talks with Denny Dumas of Garbutt + Dumas Real Estate Team about real estate. They cover a range of topics such as who should invest in real estate, the pros and cons of buying property, as well as some tips and tricks to get started.

    Financial Literacy

    Play Episode Listen Later Oct 28, 2022 40:50


    Many people feel like they lack the financial literacy needed to achieve their financial goals. Improper financial literacy can sabotage the achievement of your financial goals. Simply starting the financial literacy journey can be quite overwhelming. In this episode of the WealthSmarts Podcast, Richard and Matt discuss the importance of financial literacy. We introduce some basic financial literacy concepts that will help you get started. We also offer tips for improving your financial literacy skills over time. Listen to this episode now! Resources from this episode: https://www.instagram.com/wealthsmart/ https://wealthsmart.ca/10x-webinar/ https://www.canada.ca/en/financial-consumer-agency/campaigns/financial-literacy-month.html

    Reasons You Need a Financial Advisor

    Play Episode Listen Later Oct 14, 2022 48:55


    Unsure if you should be investing on your own or working with a professional? Check out this episode of the WealthSmarts podcast where Richard and Matt talk about the reasons you might actually need a financial advisor. It covers topics like not having enough time or knowledge to do it yourself, being overwhelmed, having a hard time getting started, and having difficulties managing your emotions with the market. After listening to this episode, you'll have a better understanding of whether or not hiring a financial advisor is the best decision for you. If you decide that an advisor is right for you, be sure to check out our website for more information on how to get started. Listen to the full episode of Reasons You Might Need A Financial Advisor on our website now!

    Things Are Getting Better

    Play Episode Listen Later Sep 28, 2022 43:44


    Despite what you may have heard, things are getting better. In this episode of the WealthSmarts podcast, Richard and Matt talk about how things have gotten better through the ages with innovation, collaboration, technology and human ingenuity. We need to be reminded that things are getting better because it gives us hope for the future. With all of the progress that has been made, we can continue to make things even better. Listen to this episode of the WealthSmarts podcast wherever you get your podcasts!

    Debt is a Power Tool

    Play Episode Listen Later Sep 14, 2022 47:54


    Most people are afraid of debt, especially because we are not taught about it. Debt can be a powerful tool if used correctly, but it can also be dangerous if used incorrectly.  In this episode of the WealthSmarts podcast, Richard and Matt are joined by Alex McFadyen from Thrive Mortgage to talk all about debt. Alex and his team have a goal of serving Canadian Homeowners with an educational experience. Some topics we discuss include good vs bad debt, different ways we can use debt vehicles (mortgages, lines of credit, etc), the importance of your credit score and some practical tips to improve it. You can find Alex and his team at: https://www.thrivemortgage.ca/

    debt power tools alex mcfadyen
    How to Deal With Market Volatility

    Play Episode Listen Later Aug 31, 2022 34:39


    Worried about stock market volatility? The stock market can feel like an emotional roller coaster - especially when we see our hard earned dollars fluctuating so much. Volatility in the markets can cause fear and uncertainty, which can lead investors to make rash decisions that can cost them dearly. In this WealthSmarts podcast episode, Richard and Matt discuss some long term data about the stock market, how reacting to the market can destroy your wealth, and some strategies to help you through these turbulent times.

    Control What You Can Control

    Play Episode Listen Later Aug 20, 2022 36:42


    Are you feeling frustrated because it feels like there's just so much outside of your control when it comes to your finances? You're not alone. In this episode of the WealthSmarts podcast, Richard and Matt explore how to focus on what we can control and make progress in our own lives, even when things seem tough. We'll share tips on the things you can control with you finances and make a plan that works for you, so you can make progress toward your financial freedom. Listen to the podcast now and learn how to take back control of your financial life!

    Building an Impact Business

    Play Episode Listen Later Aug 5, 2022 45:05


    Do you want to make a difference with your business? Many businesses today focus on profits and don't often consider their impact on the world. What if there was a better way? What if your successful business could also make a positive impact on the community and your team? Impact businesses are doing amazing things. They're changing the world for the better. In this podcast episode, Matt Wong from Purpose CPA shares with us what an impact business is and why that's important. https://www.purposecpa.ca/

    Avoid These Estate Planning Mistakes (Part 2)

    Play Episode Listen Later Jul 22, 2022 45:31


    Join us for part 2 of our conversation with Colin Ritchie where we talk about common estate planning mistakes. In this episode the specific issues we will be discussing includes:  Not enough clear instructions in the willNot properly dealing with life insurance policies or larger registered plansNot enough tax and succession planningNot putting enough planning into blended family situations, particularly with children from multiple relationships. 

    Avoid These Estate Planning Mistakes (Part 1)

    Play Episode Listen Later Jul 8, 2022 42:46


    Do you want your estate planning to be done right? Estate planning deals with how we want our life's work to be honored and transitioned to the people or causes we love. Unfortunately there are many mistakes that could potentially undo our legacy. In this episode of the WealthSmarts podcast, Richard and Matt are joined by Colin Ritchie, an estate planning lawyer and Certified Financial Planner. Colin talks about the most common estate planning mistakes and offers some solutions to these problems. In the first part of this series, some of the topics we cover include: Picking the wrong executor or trusteeGifting money to young beneficiaries too soonThe pitfalls of not giving enough flexibility to your executor or trusteeNot enough contingency planning when it comes to writing and updating wills Resources from this episode: Colin Ritchie's Wills QuestionnaireThe Ultimate Estate Planning Checklist

    Learning About the Craft Brewery Industry with Jules Dubus From Monkey 9 Brewing

    Play Episode Listen Later Jun 24, 2022 53:20


    As the weather starts to warm up, a lot of people are spending more time outdoors. What better way to spend an afternoon than by enjoying a few beers from a local craft brewery? In this special episode of the WealthSmarts podcast, Richard and Matt talk with Jules Dubus, head brewer at Monkey 9 Brewing. We talk about the craft brewery business while being guided through a tasting of his latest beers.

    Financial Freedom is Under Attack in Canada

    Play Episode Listen Later Jun 10, 2022 42:33


    We've been hearing a lot about attacks on our freedom. Beneath the distracting social media noise that promotes this idea though, we've been ignoring the attacks that impact most Canadians - Attacks on our FINANCIAL Freedom. Join Richard and Matt as they discuss this problem and suggest clear strategies to overcome these attacks.

    The Best Time to Start Your Financial Plan is Now

    Play Episode Listen Later May 27, 2022 32:20


    People are often intimidated by their finances and don't know where or when to start.  You may feel like you're behind the curve or that you can't catch up, but that's not true. Everyone has to start somewhere, and there's no time like the present. In this episode of the WealthSmarts Podcast, Richard and Matt discuss the benefits of starting your financial journey early, and how to get started. https://wealthsmart.ca/wealthsmarts/

    Why Businesses Need Digital Marketing Now

    Play Episode Listen Later May 13, 2022 36:52


    Wondering if digital marketing is important for your business? You're not alone. Many business owners are so busy running their businesses that they often do not consider the importance of digital marketing, especially in this evolving digital world. In this episode Richard and Matt speak with Ray Wang from RW digital about why business owners need to embrace digital marketing. Ray shares the importance of a strong online presence and how digital marketing can drive the future growth of your business.

    Don't Let Inflation Steal Your Financial Future

    Play Episode Listen Later Apr 29, 2022 34:24


    No one likes to think about inflation, but the fact is that it can have a major impact on your financial future if you're not prepared. Keeping up with inflation is critical to preserving your wealth. Inflation can be like a sneaky thief, gradually eroding your purchasing power if you're not careful. Most people have no idea how to deal with inflation and as a result they can see their wealth slowly erode over time. In this episode, Richard and Matt talk about inflation and some strategies to plan for the impact of inflation on your financial future.

    Make Smarter Investment Decisions with a Professional Advisor

    Play Episode Listen Later Apr 19, 2022 35:50


    Investing in the stock market can be a roller coaster ride. You're happy when the markets are up and you're sad when the markets are down. It's easy to get caught up in our emotions when it comes to investing. In this episode of the WealthSmarts Podcast, Richard and Matt talk about how a professional advisor can help us stay mindful of our emotional responses. This involves making smarter investment decisions based on data, not emotion. Studies have shown that investors who work with a professional advisor achieve better investment returns than those who don't. For the purpose of this conversation, we will be referring to DALBAR's Quantitative Analysis of Investor Behavior and the Vanguard Advisor's Alpha study.

    Richmond Cares Richmond Gives: How to Make an Impact With Your Money and Time

    Play Episode Listen Later Apr 1, 2022 46:08


    In pursuit of financial freedom, people like to make an impact. In this episode we interview Ed Gavsie and Rick Duff from Richmond Cares Richmond Gives, about how RCRG helps to provide valuable community services, as well as building volunteer capacity and generosity in the Richmond Area. https://www.rcrg.org/

    How an Independent Advisor Can Protect Your Best Interests.

    Play Episode Listen Later Mar 18, 2022 64:12


    Most people don't know how to find an advisor that is right for them, or they may not even know what to look for. In this episode, we talk with Chris Enright, CEO of Aligned Capital Partners, about the importance of independent advisors and how they can help provide peace of mind to their clients. We also discuss what to look for in an advisor, who should work with one, and why it's so important to work with someone who has your best interests in mind.  https://wealthsmart.ca/10x/

    How You Leave Your Business Will Impact Its Value

    Play Episode Listen Later Mar 4, 2022 22:49


    When it's time to sell your business, the way you leave can significantly impact the value you get from it. If you don't plan your exit, or if you're forced to exit, you could be leaving money on the table. In this podcast episode, Richard and Matt discuss how to plan for a business exit on your terms, and other steps you can take to build a valuable and saleable business. https://wealthsmart.ca/business/

    Avoid Unnecessary Investment Fees and Taxes

    Play Episode Listen Later Feb 18, 2022 35:56


    In our exuberance to invest, we often pay little attention to the impact of excessive investment costs on our portfolios. Successful investing involves controlling these costs. In this episode, Richard and Matt talk about the impact of excessive investment costs on our portfolios and some things to do to make sure we are getting value out of the costs we are paying. https://www.financialcalculators.net/wealthsmart/investment-fees/

    The Rainmaker's Dilemma

    Play Episode Listen Later Feb 4, 2022 19:28


    Did you know almost half of all business owners will hit the same stumbling block? They become the primary revenue driver for their company – The Rainmaker. In this episode, Richard and Matt define the Rainmaker, discuss how they got to this place in their business, and give some examples of what they can do to continue to build their capacity. Go to https://wealthsmart.ca/business/ to download a copy of The Rainmaker's Dilemma e-book.

    Value Builder with John Warrillow

    Play Episode Listen Later Jan 21, 2022 49:27


    Needs of business owners require a different type of financial planning that is uncommon today, but very necessary. In this episode, Richard and Matt interview John Warrilow. John is the author of The Art of Selling Your Business, The Automatic Customer and The Art of Selling Your Business. He also hosts the weekly podcast Built to Sell Radio. John is the founder of The Value Builder System, a successful framework which owners can leverage to build highly valuable and saleable businesses. https://builttosell.com/radio/

    Building a Valuable and Saleable Business

    Play Episode Listen Later Jan 14, 2022 12:30


    When it comes to financial planning for business owners, often there is not enough support in helping them to build probably their most valuable asset - their business. Whether you are planning to sell your business or just want to create a self-managing company, it is important to know how it fits in your financial future. In this episode, Richard and Matt introduce a new series and service that WealthSmart is offering to business owners in order to help them build more valuable and sellable businesses. https://wealthsmart.ca/business/

    Special 20th Episode - What Drives the Work We Do

    Play Episode Listen Later Dec 15, 2021 30:09


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

    Willing Wisdom - Estate Planning With Tom Deans

    Play Episode Listen Later Nov 25, 2021 57:38


    Over 50% of Canadians either do not have a will, or it is outdated. Most of us don't like to talk about death, but failing to plan for it can lead to a lot of chaos and anger for the loved ones we leave behind. In this episode, Richard and Matt are joined by Tom Deans the author of "Willing Wisdom - 7 Questions Successful Families Ask." We discuss a refreshing new way to address family estate planning through a collaborative process between beneficiaries and the intentions and values of your legacy. Click the link below to complete your own Willing Wisdom Index. Welcome to the Willing Wisdom Index | Willing Wisdom

    Stay in Your Seat

    Play Episode Listen Later Nov 17, 2021 27:28


    Whether at a sports game or investing, many people get distracted, zone out, or sometimes actually fall asleep, often missing a crucial game-changing event. As a result, we end up disappointed in our experience. In this episode, Richard and Matt discuss how a successful investment experience requires that we stay disciplined through the ups and downs of any market.

    Avoid Unnecessary Investment Risks

    Play Episode Listen Later Nov 2, 2021 49:52


    "There's no such thing as a free lunch.” Economist Milton Friedman may have said this, but the phrase's originally dates back to a 19th century practice in American bars of offering a free lunch to entice the more lucrative drinking customers. The same goes with our investments!  In this episode, Richard and Matt talk about how risk and return are linked. For every increase in return, we must take additional risk. You can't get a higher return for free. The price is the additional risk. 

    Diversify Properly

    Play Episode Listen Later Oct 18, 2021 34:59


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

    Protect Your Most Valuable Assets First

    Play Episode Listen Later Sep 29, 2021 29:58


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

    Personal Pension Plans w/JP Laporte

    Play Episode Listen Later Sep 25, 2021 57:50


    Incorporated business owners are often not aware that they can access higher tax deductions than are available through traditional RRSPs. They can also gain greater security and flexibility. In this episode, we interview Jean-Pierre (JP) LaPorte, a pension lawyer and one of Canada's foremost experts on the subject of Personal Pension Plans.

    Claim WealthSmarts

    In order to claim this podcast we'll send an email to with a verification link. Simply click the link and you will be able to edit tags, request a refresh, and other features to take control of your podcast page!

    Claim Cancel