Podcast appearances and mentions of sandi martin

You've paid off your debts. Now you have some cash to invest. How do you get started? On today's podcast, Doug Hoyes and Ted Michalos walk you through what you need to consider before you invest. They explain how TFSAs, RRSPs, RESPs, and RDSPs work and when you should put your money in each. They also discuss the risks that come with stock trading and the true costs of mutual funds. Doug and Ted also explain the different investor personality types so you can better understand yourself. Tune in for great practical advice!   Resources Mentioned in the Show:   RDSP & RESP expert – Big Cajun Man's website: https://www.canajunfinances.com/about/ Jason Heath, Certified Financial Planner: https://objectivefinancialpartners.com/ Sandi Martin, Certified Financial Planner: https://springplans.ca/ Investment Selling is Not Financial Planning: https://www.hoyes.com/blog/investment-selling-is-not-financial-planning/ Podcast 360 – Planning Retirement with Limited Savings & Income: https://www.youtube.com/watch?v=nth1wjv5s8M Podcast 215 – What is a Robo-Planner? Automated Financial Planning: https://www.youtube.com/watch?v=rXW7a7EdCKA

In this episode we are getting personal. YIKES! I'm talking shame and the literal weight of it I carry around. You can join the conversation on Instagram or TikTok : @thinfatline. Also giving some love to some amazing folks who have contributed big things to my healing over the years and helped me unload and unpack that shame! Sandi Martin, NTP @sandimartinntp / Jada & the community she's built at @MovementMAF / Addie of Addie's Photos @addiesphotosla / Louisiana Women in Business @LAWomeninBusiness.

It's one of those things you just have to have ... a financial plan! But do you? And what is it? Sandi Martin of Spring Financial Planning has the answers ... This material is for informational purposes and is not a recommendation, offer or solicitation to buy or sell any securities, to provide tax or legal advice. The information and opinions are not guaranteed as to accuracy or completeness. Reliance upon information in this material is at the sole discretion of the listener. Investors should consult with their own advisors. The provision of investment management and investment advisory services is a regulated activity in Canada, subject to strict rules. For more information on the services offered by Justwealth, please refer to www.justwealth.com.

We talk to Sandi Martin, a financial planner and partner at Spring Financial Planning on what exactly is a fee-based advisor and how you can work with one.

Calling all recent graduates! Don’t know what you want to do with your life? You’re not alone. Sarah Vermunt talks about her latest book Career Rookie: A Get-It-Together Guide for Grads, Students, and Career Newbies. Then, how do financial advisors get paid? Sandi Martin of Spring Financial Planning is here to take us through the options. Phil Buchanan, the president of the Center for Effective Philanthropy, is here with some fundraising etiquette tips. And, Focusmate, a new tool that can help you beat procrastination and increase productivity. Plus, personal finance expert Lesley-Anne Scorgie on parental leave pitfalls and how to avoid them.

Sandi Martin wants someone giving financial advice to be paid by the person who's receiving financial advice. And the someone giving financial advice should be paid a fee for the financial services they provide. Sandi worked at a bank for years and her job was to sell the bank's products. When people came to her office to ask for financial advice, they didn't have to pay her anything. The bank paid her. She worked for the bank and not for the people asking for advice. The bank would be happy if the people who came into Sandi's office purchased one of the bank's products before they left, and Sandi would be considered a success if she sold as many bank products as she could. A lot of the time, the products at the bank were not the best products for the people who walked into her office. They weren't terrible products, but they weren't the right fit for some of the people. But she couldn't recommend anything else because she would have lost her job at the bank. The more she found out about the variety of financial products that existed, she realized that a lot of the best ones for the people who walked into her office at the bank existed outside of the bank. So she left and created her own financial planning company, which is now called Spring Financial Planning. She decided she wasn't going to sell financial products at all. She would talk to people and find out what they need to achieve their financial goals. They would pay her a fee to help them make a financial plan that wasn't tied to any financial products. When the plan was done and they asked her how they should invest their money in a way that aligned with the goals in their plan, she could point them to a variety of suitable products that they could get from a variety of places. And they would be suitable for her clients because they would help them achieve their financial goals, not because she was getting paid to sell them. Sandi Martin joined me from somewhere in the middle of the province of Ontario to tell her personal finance story. NEXT EPISODE 83 - Ed Rempel Click here to book a FREE 15-minute personal finance consultation with Beau Humphreys, Personal Finance Coach Click here to become a patron of The Personal Finance Show via Patreon To register for my next available personal finance webinar click here.

Sandi Martin of Spring Personal Finance joins Dan to discuss the differences between financial planning and investment advice. Then Dan considers how things worked out if you revamped your portfolio before the US election. In Ask the Spud, we look at the risks and rewards of corporate bonds. For complete show notes, visit canadiancouchpotato.com/podcast. 

Current regulations allow financial advisors to sell products like mutual funds and give the appearance that they are giving you financial advice that fits your situation. The problem is embedded advisors, like those at your friendly neighbourhood bank, are paid on a commission matrix that rewards sales.  That means you don't really know if you are paying for the product or for good advice. So when should you pay a professional for investment advice who isn't going to try and sell you a product? Our guest today, Sandi Martin, an advice only Certified Financial Planner with Spring Financial Planning, calls this being 'solution agnostic'.  With Sandi's help, we outline when you can benefit from hiring a financial planner.

http://www.alainguillot.com/sandi-martin/ Sandi Martin From Spring Financial Planning I heard from Sandi in an interview I had with Shannon Lee Simmons, Shannon recommended the podcast Because Money where Sandi is one of the participants in a roundtable. The podcast is almost like a telenovela, where the speakers present their different points of view and they are not afraid to disagree with one another. In the end, the listener gets a great learning experience from different points of view. Sandi graduated with a history major. She worked at a bookstore, and that's great because she loves reading. She went from staking books to the cash register, then to cash supervisor, and then she applied at a bank to be a teller. Most's people careers are generally not what they go to school for. Life is full of randomness. In a bank setting, it's hard to be good to your clients and also be a good employee. After eight years of working at the bank, and after building a family with 3 kids, Sandi decided to hang her own shingle. As far as credit cards in a bank, tellers are constantly offering new credit card offering. The creditcard-reward game is in the too complicated and boring Credit card rewards is an elaborated shell game. They give you enough to keep you interested, to keep you playing We are wired to be scared of the simple solutions Where the rubber mets the road is on how you spend your money and how that lings up with what's important to you We buy consumer "lifestyle" items out of shame ' I need to buy a house that looks like this because that's what successful people have, that's what my family expects of me. I would be a failure, people would know I am a failure if my car is 10 years old. ' If you have the skills to be contempt, that's way more important than making sure you are in the right investment vehicle.

In today’s episode, I’ll talk to two financial planners who merged their individual businesses to create a new practice together. Julia Chung is a partner and senior financial planner at Spring Financial Planning. Julia has been working in financial services since 1997. In 2011, she left traditional financial services to form a fee-for-service financial planning firm in partnership with an accounting firm. She made JYC Financial entirely independent a few years later, eventually merging with Spring Personal Finance to become Spring Financial Planning. Julia is also co-founder of Admin Slayer Services and a charter member of Lead Family Enterprise Advisors. She has co-authored several e-books, including “Women & Money,” “Art of Delegation,” and “The Entrepreneur’s Survival Guide.” Sandi Martin is a partner and financial planner at Spring Financial Planning. After joining the industry, Sandi quickly realized that she could either help clients or get good performance reviews… but not both. Sandi founded Spring Personal Finance, an independent, advice-only financial planning practice, to help ordinary Canadians make the best financial choices with the best information possible. Sandi built a virtual practice so she could serve clients from across the country, and five years later Spring Personal Finance merged with JYC Financial to become Spring Financial Planning. Sandi is the co-host of the Because Money podcast and co-founder of Autoinvest (now sold), which helps investors compare the services of Canadian robo-advisors. She also co-authored the ebook “Women & Money.” Topics Discussed in This Episode: Spring Financial Planning: what they do and who they serve Why fee-for-service planning is important The building blocks of the process at Spring Financial Planning How clients find Julia and Sandi’s services The approach Julia and Sandi took to merge their practices How Julia and Sandi integrate working with other professionals The pros and cons of working with robo-advisors How the financial advice market is changing in Canada The technology, tools, and software that Julia and Sandi use in their practice The features that Julia and Sandi want in financial planning software The Spring Financial Planning Forum and how Julia and Sandi are using it to help financial planners who

Wealthy Rabbits with RRSPs Special Guest Robert R. Brown Robert R. Brown is a freelance personal finance writer and the author of Wealthing Like Rabbits – An Original Introduction to Personal Finance. He lives in Ajax, Ontario with his wife Belinda and their three kids Jennifer, Jessica and Christopher. Learn more about Rob by visiting www.wealthinglikerabbits.com Ahh, RRSP season – that special time when the bank PR firms trot out their annual “surveys” revealing that Canadians aren’t saving nearly enough for retirement. The solution? RRSPs, of course. In the spirit of RRSP season we’ve dedicated this episode to helping you navigate your way through what Sandi Martin affectionately calls RRSP hunting season for the banks. Hint: You’re the one being hunted. For full show notes please visit: http://www.becausemoney.ca/wealthy-rabbits-with-rrsps-ep27/

When it comes to the Build Wealth Canada show, there are 2 questions that I get asked more than any other. The first is how to actually buy ETFs, so how to actually be an index investor, what tools to use, which ETFs are great ones to consider, and how to actually do it step-by-step. So that's why I built the course (to basically answer this question). If you're interested, you can check it out at www.BuildWealthCanada.ca/invest Now the 2nd question that I get most often is from Canadians who are either in their 50 or 60s, are about to retire (or will be retiring in 10 years or less) and are looking learn how to do it properly. So how do you withdraw from your portfolio properly to pay as little tax as possible? What are some best practices and things to look out for so that you don't run out of money during your retirement? Obviously when it comes to retirement planning like this, things gets really complicated, and the risks are ridiculously high since you're basically at a life stage where you're going to start spending the money that you've been saving and investing throughout your whole life. So, the stakes are really high. We're dealing with a lot of real money here, and the terrifying thing is that there are no do-overs. In other words, if you mess this up, you can't just hit the rewind button, get all your money back and try again. Because of this, it's extremely important to get this right as the worse case scenario is basically you running out of money during retirement. Also if you do run out of money, then going back to the workforce may not be an option due to the physical and/or mental health that you may be in at that time. Employers might also have a preference to hiring someone younger that they can pay less money for, and groom to stay with the company long term (unlike you since you'll be back in retirement at the first possible opportunity). Also with all the development in medical technology, now more than ever we are faced with the new challenge of living too long and outliving our money. This makes having a good financial plan that you review with a professional periodically even more important to ensure that you are living the type of lifestyle that you want in retirement, while minimizing the risks of running out of money. Now I'm not trying to instill fear or anything like that, but I say all this just to help anybody out there realize that this is critically important, doing it wrong can be catastrophic to you and your partner's life, and so you have to take accountability and responsibility for your financial situation, and not just hope that everything will turn out okay. So with that said, I'm of the opinion that since the stakes at this stage of life are so high, you need a customized financial plan specific to your particular situations. This is definitely one of those times where you can't just read a blog post about the top 10 retirement tips and assume that you're all set, and that some “general” guidance is good enough for you as well. You simply can't do this because the stakes are too high (i.e. you running out of money in retirement), and there are too many variables in your life that can change the plan drastically. For example: The assets and liabilities you have The income sources you'll have in retirement The dependents you'll have Your health Your goals and ambitions for retirement Inflation and market returns that you've endured in your lifetime The emergency fund you have The lifestyle you want in retirement Family dynamics like marriages, deaths and inheritances Your risk tolerance and the list goes on and on. To address and help you with this, I'd like to introduce you to Sandi Martin who is a professional fee-for-service financial planner here in Canada. Sandi has been requested by listeners of the show, and in this interview I chat with Sandi about the top questions that I've been asked from Build Wealth Canada listeners, especially those in their 50s and 60s that are nearing or at retirement. So enjoy the interview, and thanks for submitting the questions. Now just to give you a bit of a background, Sandi is an expert in helping Canadians answer questions specific to their situation such as: Are you on track to retire? Did you miss something in your analysis? Are you saving enough for retirement? What's the best way to take out income from your portfolio to minimize taxes (based on all your assets and income sources) How much do you need to save so that you can retire comfortably? When can you retire? Can you fully retire or semi-retire now? When should you choose to take your CPP and OAS? What kind of lifestyle can you expect when you retire based on your current savings? How can you help ensure that you don't run out of money in your retirement? Links and Resources Top Tools and Resources for Financial Independence (for Canadians): Sign up anywhere on www.BuildWealthCanada.ca for a free guide on all the top tools and sites that I've personally used to help us achieve financial independence in our early 30s. They're also what we use now to optimize and manage our finances, and ensure that we're paying the lowest fees while getting solid returns on our investments.  Kornel's investing course with free sample lessons at www.BuildWealthCanada.ca/invest Questions Answered: Listener Question: “I would be interested in strategies for withdrawing accumulated assets from RRSPs and TFSAs. Is there an order of preference to save on taxes?” What if a Canadian earns income vs doesn't earn income during their retirement. How does that affect things? Can you talk about converting an RRSP to a RRIF. What is it? How does it work? What is “sequence of returns risk” and how can we protect ourselves from it? What is an RPP? What is a LIRA? Converting to LIF (Life Income Fund): What is it? How does it apply to this? What is a Locked-In Retirement Income Fund (LRIF)? What is a Prescribed Registered Retirement Income Fund (PRRIF)? What about holding money in unregistered accounts. Can you define what that means and how does it apply to this? When it comes to pensions, what are “defined benefit plans” vs “defined contribution plans”. How does this impact everything? What numbers do you like to use when forecasting returns for stocks and bonds? What are real vs nominal returns? Some Canadians consider purchasing annuities for their retirement. Can you define what these are and what are your thoughts on it?