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 i ..read more

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 ..read more

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 jour ..read more

As the tax filing deadline approaches, host Saijal Patel is joined by seasoned tax expert Brian Quinlan to provide last-minute filers and proactive planners alike with essential insights to optimize savings and minimize tax liabilities. From new regulations to timeless strategies, we cover everything you need to know to make the most of your finances in 2024 and beyond. --------------------------- Timestamps: 00:00 - 03:49: Deadline Alert: Last-Minute Tax Tips for Procrastinators 03:49 - 07:12: Insights into Evolving Tax Filing 07:12 - 11:19: Maximizing Benefits and Refunds 11:19 - 13:32: Util ..read more

Tune in to this episode as I uncover the 4 key investing mistakes that could be holding you back from achieving financial freedom. Join me as I discuss why investing is not as risky as you may think and how to approach risk the right way when thinking about your investment strategy. Plus for all you FOMOs, I’ll share why time and patience work for you rather than against you.  ------------------ Key moments: 00:00 - 01:05 - Financial Wisdom Unlocked: Insights 01:06 - 05:55 - Avoid Costly Investment Blunders: Guide 05:56 - 09:30 - Embrace Risk for Wealth: Secret Revealed 09:31 - 12:44 - Ma ..read more

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 Canada 03:15 - 06:12: Truths about Monthly fees and minimum ..read more

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 P ..read more

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 ..read more

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 tr ..read more

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 c ..read more