WealthBeing

One of the best ways to build wealth is to be smart about borrowing money.That’s why Derrick and Travishad a conversation with Stephanie Brownlow, a Senior Financial Advisor – and budgeting guru – at Island Savings. They examine the lending options you’re likely to encounter, how to use them to your advantage, and which borrowing options to avoid. 

1:15Money Problem: Derrick’s client was in a debt spiral and feared bankruptcy would be his last resort. 

3:20Expert Examination:Travis, Derrick and Stephanie Brownlowcompare and contrast lending options that can aid your financial health: 

• Advantages of secured lending. 
• Loans attached to your home. 
• Driving a good deal for an auto loan. 
• Lending options to help you learn. 
• A case for being cautious about payday loans and peer-to-peer lending. 
• Loans that lessen your debt – how get to help with consolidation. 

23:25–Weekly Financial Fix:Travis has a simple tip that could help you pay less loan interest and be debt free faster! 

If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrickyour question at islandsavings.ca/wealthbeing, or at [email protected], and we will consider it for a future episode. 

One of the best ways to build wealth is to be smart about borrowing money.That’s why Derrick and Travishad a conversation with Stephanie Brownlow, a Senior Financial Advisor – and budgeting guru – at Island Savings. They examine the lending options you’re likely to encounter, how to use them to your advantage, and which borrowing options to avoid. 

1:15Money Problem: Derrick’s client was in a debt spiral and feared bankruptcy would be his last resort. 

3:20Expert Examination:Travis, Derrick and Stephanie Brownlowcompare and contrast lending options that can aid your financial health: 

• Advantages of secured lending. 
• Loans attached to your home. 
• Driving a good deal for an auto loan. 
• Lending options to help you learn. 
• A case for being cautious about payday loans and peer-to-peer lending. 
• Loans that lessen your debt – how get to help with consolidation. 

23:25–Weekly Financial Fix:Travis has a simple tip that could help you pay less loan interest and be debt free faster! 

If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrickyour question at islandsavings.ca/wealthbeing, or at [email protected], and we will consider it for a future episode. 

When it comes to putting a child through school, the first lesson is really for parents – and grandparents! From kindergarten through post-secondary years, you’ll be presented with dozens of optionsto meet basic needs and provide enriched experiences - most which have a price tag attached. This week, Derrick and Travisasked Island Savings Branch Manager, Dan Adair,back to the show as they examine which factors will help you make affordable education decisions.  

1:15 Money Problem: One forward-thinking student and her grandparent couldn’t see how to make her dream of becoming a nurse a financial reality. 

3:50 Expert Examination:Travis, Derrick and Dan Adair dig into the costs of schooling and provide strategies to manage the expenses: 

• Private school, homeschooling, extra-curricular experiences, etc… What expenses to prepare for from kindergarten through grade 12. 
• Tuition, housing, fun and more! What post-secondary studycould cost. 
• Simple strategies to cut-back on education costs. 
• How to make, find, and borrow money to afford your education. 

29:38–Weekly Financial Fix:There may be money waiting for your child to claim! Travis assigns some homeworkthat you’ll actually want to do! 

If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrickyour question at islandsavings.ca/wealthbeing, or at [email protected], and we will consider it for a future episode. 

When it comes to putting a child through school, the first lesson is really for parents – and grandparents! From kindergarten through post-secondary years, you’ll be presented with dozens of optionsto meet basic needs and provide enriched experiences - most which have a price tag attached. This week, Derrick and Travisasked Island Savings Branch Manager, Dan Adair,back to the show as they examine which factors will help you make affordable education decisions.  

1:15 Money Problem: One forward-thinking student and her grandparent couldn’t see how to make her dream of becoming a nurse a financial reality. 

3:50 Expert Examination:Travis, Derrick and Dan Adair dig into the costs of schooling and provide strategies to manage the expenses: 

• Private school, homeschooling, extra-curricular experiences, etc… What expenses to prepare for from kindergarten through grade 12. 
• Tuition, housing, fun and more! What post-secondary studycould cost. 
• Simple strategies to cut-back on education costs. 
• How to make, find, and borrow money to afford your education. 

29:38–Weekly Financial Fix:There may be money waiting for your child to claim! Travis assigns some homeworkthat you’ll actually want to do! 

If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrickyour question at islandsavings.ca/wealthbeing, or at [email protected], and we will consider it for a future episode. 

What would you do as the next million-dollar lottery winner? We’re sure you’ve thought about it. You might even have a bucket list ready to go. But when you get a windfall of money, some financial decisions are better than others. This week, Derrick and Travis welcome Island Savings Director of Wealth Management, Robin Marshall, to the show for a conversation about the best ways to use a large influx of cash. 

1:30 Money Problem: Travis’ clients came into an unexpected family inheritance, but the lucky came with a lot of questions to make the most out of the money. 

3:40 Expert Examination: Derrick, Travis and Robin Marshall help you make the most out of a windfall: 

• How might you come into a windfall? 
• Factors that could influence your inheritance. 
• Tax implications and strategies for money you receive as a windfall. 
• Common mistakes people make with large sums of money. 
• Proceeds from a sale of property. 
• Can a legal settlement be a windfall? 
• How to use lottery winnings. 
• Making the most of your work bonus or raise. 
• How life insurance plays a part in your financial health. 
• Paying off debt, investing, giving, spending – the best ways to spend your windfall. 

22:20–Weekly Financial Fix: Travis has a way for you make spending decisions easier. 

If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrick your question at islandsavings.ca/wealthbeing, or at [email protected], and we will consider it for a future episode. 

What would you do as the next million-dollar lottery winner? We’re sure you’ve thought about it. You might even have a bucket list ready to go. But when you get a windfall of money, some financial decisions are better than others. This week, Derrick and Travis welcome Island Savings Director of Wealth Management, Robin Marshall, to the show for a conversation about the best ways to use a large influx of cash. 

1:30 Money Problem: Travis’ clients came into an unexpected family inheritance, but the lucky came with a lot of questions to make the most out of the money. 

3:40 Expert Examination: Derrick, Travis and Robin Marshall help you make the most out of a windfall: 

• How might you come into a windfall? 
• Factors that could influence your inheritance. 
• Tax implications and strategies for money you receive as a windfall. 
• Common mistakes people make with large sums of money. 
• Proceeds from a sale of property. 
• Can a legal settlement be a windfall? 
• How to use lottery winnings. 
• Making the most of your work bonus or raise. 
• How life insurance plays a part in your financial health. 
• Paying off debt, investing, giving, spending – the best ways to spend your windfall. 

22:20–Weekly Financial Fix: Travis has a way for you make spending decisions easier. 

If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrick your question at islandsavings.ca/wealthbeing, or at [email protected], and we will consider it for a future episode. 

Whether it’s to lower your cost of living today, create a retirement nest-egg – or both! – purchasing an income propertyis a question we get asked about almost daily. That’s why we’re bringing you a two-part conversation with Mike Hartshorne, an award-winning realtor with Royal LePage. (You can listen to Part Onein last week’s episode). We’re sure that, like Derrick and Travis, you’ll be feeling well prepared to decide if real estate investing is for you. 

:50Money Problem: Derrick’s clients had a real estate investing dream - and a lot of debt.But Derrick is never without options to help out. 

1:40Expert Examination: In Part Two,Travis, Derrick and Mike look at more factors that will influence your decision about whether to invest in real estate: 

• What to expect when financing an investment property. 
• Beyond the purchase price – other investment expenses to plan for. 
• Risks of investing in real estate versus market investments. 
• Choosing the best property for making money. 
• Is 2020 the right time to become a real estate investor? 

22:30–Weekly Financial Fix:Travis recommends landlords (or future landlords) take the vacancy test. 

If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrickyour question at islandsavings.ca/wealthbeing, or at [email protected], and we will consider it for a future episode. 

Whether it’s to lower your cost of living today, create a retirement nest-egg – or both! – purchasing an income propertyis a question we get asked about almost daily. That’s why we’re bringing you a two-part conversation with Mike Hartshorne, an award-winning realtor with Royal LePage. (You can listen to Part Onein last week’s episode). We’re sure that, like Derrick and Travis, you’ll be feeling well prepared to decide if real estate investing is for you. 

:50Money Problem: Derrick’s clients had a real estate investing dream - and a lot of debt.But Derrick is never without options to help out. 

1:40Expert Examination: In Part Two,Travis, Derrick and Mike look at more factors that will influence your decision about whether to invest in real estate: 

• What to expect when financing an investment property. 
• Beyond the purchase price – other investment expenses to plan for. 
• Risks of investing in real estate versus market investments. 
• Choosing the best property for making money. 
• Is 2020 the right time to become a real estate investor? 

22:30–Weekly Financial Fix:Travis recommends landlords (or future landlords) take the vacancy test. 

If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrickyour question at islandsavings.ca/wealthbeing, or at [email protected], and we will consider it for a future episode. 

Your friends do it. Your parent’s do it. You think that yourneighbours are doing it in their own house!These days, it seems like everyone owns a real estate investment. And they’re full of advice about how to make money. But could real estate investing be as simple as it seems? Derrick and Travishave also considered adding property to their portfolios and they’ve decided to talk to someone with lots of experience. This week, listen to Part One of our conversation with Mike Hartshorne, an award-winning realtor with Royal LePage, and find out if it’s a good idea to put your savings into property. 

1:15 Money Problem: Travis’ clients with property in the US were facing a big financial decision that would affect their profitability. 

3:40Expert Examination: In Part One,Travis, Derrick and Mike examine the types of real estate investing you could consider and many factors to help you make an investment decision: 

• Real estate investing versus primary property ownership. 
• Ways to invest in real estate and the financial possibilities. 
• Are you the right person to consider house flipping as an investment strategy? 
• Can the home you live in provide a “suite” solution? 
• Determining how much you’ll earn from your real estate investment. 

Listen next week for Part two of this conversation. 

22:15–Weekly Financial Fix:Before becoming a real estate investor, you need to know the numbers. Travis has a simple challenge that will help you know how much you can expect to make. 

If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrickyour question at islandsavings.ca/wealthbeing, or at [email protected], and we will consider it for a future episode. 

Your friends do it. Your parent’s do it. You think that yourneighbours are doing it in their own house!These days, it seems like everyone owns a real estate investment. And they’re full of advice about how to make money. But could real estate investing be as simple as it seems? Derrick and Travishave also considered adding property to their portfolios and they’ve decided to talk to someone with lots of experience. This week, listen to Part One of our conversation with Mike Hartshorne, an award-winning realtor with Royal LePage, and find out if it’s a good idea to put your savings into property. 

1:15 Money Problem: Travis’ clients with property in the US were facing a big financial decision that would affect their profitability. 

3:40Expert Examination: In Part One,Travis, Derrick and Mike examine the types of real estate investing you could consider and many factors to help you make an investment decision: 

• Real estate investing versus primary property ownership. 
• Ways to invest in real estate and the financial possibilities. 
• Are you the right person to consider house flipping as an investment strategy? 
• Can the home you live in provide a “suite” solution? 
• Determining how much you’ll earn from your real estate investment. 

Listen next week for Part two of this conversation. 

22:15–Weekly Financial Fix:Before becoming a real estate investor, you need to know the numbers. Travis has a simple challenge that will help you know how much you can expect to make. 

If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrickyour question at islandsavings.ca/wealthbeing, or at [email protected], and we will consider it for a future episode.