WealthBeing

According to Cyber Security expert, Ryan Smith, 50% of Canadians will likely be targeted by someone trying to commit fraud. It’s not always easy to detect and the fallout can be serious.This week, Ryan joins Travis and Derrick to bring you simple advice about how to recognize, prevent, and recover from fraud. 

1:10 –Money Problem:A phone call to Travis’ client caused panic and exposure to identity theft. 

1:50– Expert Examination: Ryan Smith, manager of Island Savings IT Cyber Security team,joins Derrick and Travis to reveal seemingly innocent ways we’re targeted every day – and how to foil the frausters. Listen for:  

• prevalent and common types of financial fraud to bewareof; 
• how to recognize fraud and “human hacking”(social engineering); 
• why you could be targeted – and why you should care; 
• simple habits to protect your identity and financial health; 
• recovering from a financial fraud attack; 
• looking out for vulnerable family members; 
• your financial institution is on your side. 

22:50– Weekly Financial Fix:take a minute to secure your online credentials. Travis recommends a service to help you stay safe. 

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. 

According to Cyber Security expert, Ryan Smith, 50% of Canadians will likely be targeted by someone trying to commit fraud. It’s not always easy to detect and the fallout can be serious.This week, Ryan joins Travis and Derrick to bring you simple advice about how to recognize, prevent, and recover from fraud. 

1:10 –Money Problem:A phone call to Travis’ client caused panic and exposure to identity theft. 

1:50– Expert Examination: Ryan Smith, manager of Island Savings IT Cyber Security team,joins Derrick and Travis to reveal seemingly innocent ways we’re targeted every day – and how to foil the frausters. Listen for:  

• prevalent and common types of financial fraud to bewareof; 
• how to recognize fraud and “human hacking”(social engineering); 
• why you could be targeted – and why you should care; 
• simple habits to protect your identity and financial health; 
• recovering from a financial fraud attack; 
• looking out for vulnerable family members; 
• your financial institution is on your side. 

22:50– Weekly Financial Fix:take a minute to secure your online credentials. Travis recommends a service to help you stay safe. 

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. 

“We’re in unprecedented times in the markets.” It’s a phrase that Travis has been hearing a lot lately. Does he agree? Listen as he and Derrick dig into the volatile economic circumstances we’re experience as a result of COVID-19, and garner time-tested strategies for managing your investing and maintaining your financial health as change thunders around us. 

1:15–Money Problem:It was in the middle of hard economic times when Travis’ clientsstruggled to escape investor panic. 

2:10– Expert Examination: Travis and Derrick take you through all the financial considerations, worries, and expectations to keep in mind when making investment decisions during uncertain economic periods:  

• truth or fiction: these are unprecedented financial times; 
• defining a “bear market;” 
• why markets shift down; 
• searching for the market bottom; 
• advantages of dividends and dollar cost average investing; 
• recognizing and responding to market panic; 
• opportunity and investment adjustments in a down market; 
• investing excuses to ignore. 

19:50– Weekly Financial Fix:you’ll feel a different level of financial stress today and in the near future. Travis has a challenge to help you set aside some of that worry. 

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. 

“We’re in unprecedented times in the markets.” It’s a phrase that Travis has been hearing a lot lately. Does he agree? Listen as he and Derrick dig into the volatile economic circumstances we’re experience as a result of COVID-19, and garner time-tested strategies for managing your investing and maintaining your financial health as change thunders around us. 

1:15–Money Problem:It was in the middle of hard economic times when Travis’ clientsstruggled to escape investor panic. 

2:10– Expert Examination: Travis and Derrick take you through all the financial considerations, worries, and expectations to keep in mind when making investment decisions during uncertain economic periods:  

• truth or fiction: these are unprecedented financial times; 
• defining a “bear market;” 
• why markets shift down; 
• searching for the market bottom; 
• advantages of dividends and dollar cost average investing; 
• recognizing and responding to market panic; 
• opportunity and investment adjustments in a down market; 
• investing excuses to ignore. 

19:50– Weekly Financial Fix:you’ll feel a different level of financial stress today and in the near future. Travis has a challenge to help you set aside some of that worry. 

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. 

It’s almost International Women’s Day, and Travis and Derrick welcome Karen Witowski, Island Savings Branch Manager,to talk about the financial challenges that affect women. It’s likely that you or someone you know will encounter one of these hurdles, so use the simple advice from our three experts to prepare, manage, and feel confident about your financial health. 

0:55–Money Problem:Travis’ client had financial obligations in all corners of life and needed some help to manage all her needs and goals. 

1:45– Expert Examination: Derrick, Travis and Karen outline the common financial concerns that specifically affect women:  

• options to thrive given wage disparity or income challenges; 
• financial implications of working - or not - while raising children; 
• being financially prepared for a longer life than a partner; 
• advice and inspiration for women to take charge of their financial future; 
• the financial demands on women who are in the “sandwich generation;” 
• protecting seniorwomen from financial vulnerabilities. 

21:00– Weekly Financial Fix:getting approved for a mortgage requires good credit; Travis challenges you to get up to speed with your current credit rating. 

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. 

It’s almost International Women’s Day, and Travis and Derrick welcome Karen Witowski, Island Savings Branch Manager,to talk about the financial challenges that affect women. It’s likely that you or someone you know will encounter one of these hurdles, so use the simple advice from our three experts to prepare, manage, and feel confident about your financial health. 

0:55–Money Problem:Travis’ client had financial obligations in all corners of life and needed some help to manage all her needs and goals. 

1:45– Expert Examination: Derrick, Travis and Karen outline the common financial concerns that specifically affect women:  

• options to thrive given wage disparity or income challenges; 
• financial implications of working - or not - while raising children; 
• being financially prepared for a longer life than a partner; 
• advice and inspiration for women to take charge of their financial future; 
• the financial demands on women who are in the “sandwich generation;” 
• protecting seniorwomen from financial vulnerabilities. 

21:00– Weekly Financial Fix:getting approved for a mortgage requires good credit; Travis challenges you to get up to speed with your current credit rating. 

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. 

Even seasoned property owners will learn something on this week’s WealthBeing episode. Travis and Derrick welcome Island Savings Branch Manager, Dan Adair, to simplify many of the complex questions we get from people who want, or have, a mortgage. 

1:30–Money Problem:Derrick’s client made a no-conditions offer on a rental property. Unfortunately, financing wasn’t as simple as his client expected. 

4:45– Expert Examination: Derrick, Travis and Dan help you understand what is, and isn’t so, simple when it comes to buying property:  

• which interest rate term to choose; 
• how the “stress-test” affects your mortgage qualification; 
• re-financing strategies to get more money or lower your payments; 
• differences between buying rental and primary residence properties; 
• tax-deduction strategies for rental properties; 
• how to move (“bridge” or “port”) your mortgage to a new property; 
• what happens when you want to exit a mortgage contract early; 
• advice for managing a construction mortgage; 
• two houses, one mortgage – interalias explained; 
• what to do before you apply for a mortgage; 
• how to reduce or avoid mortgage insurance; 
• renting as a retirement strategy. 

22:18– Weekly Financial Fix:getting approved for a mortgage requires good credit; Travis challenges you to get up to speed with your current credit rating. 

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. 

Even seasoned property owners will learn something on this week’s WealthBeing episode. Travis and Derrick welcome Island Savings Branch Manager, Dan Adair, to simplify many of the complex questions we get from people who want, or have, a mortgage. 

1:30–Money Problem:Derrick’s client made a no-conditions offer on a rental property. Unfortunately, financing wasn’t as simple as his client expected. 

4:45– Expert Examination: Derrick, Travis and Dan help you understand what is, and isn’t so, simple when it comes to buying property:  

• which interest rate term to choose; 
• how the “stress-test” affects your mortgage qualification; 
• re-financing strategies to get more money or lower your payments; 
• differences between buying rental and primary residence properties; 
• tax-deduction strategies for rental properties; 
• how to move (“bridge” or “port”) your mortgage to a new property; 
• what happens when you want to exit a mortgage contract early; 
• advice for managing a construction mortgage; 
• two houses, one mortgage – interalias explained; 
• what to do before you apply for a mortgage; 
• how to reduce or avoid mortgage insurance; 
• renting as a retirement strategy. 

22:18– Weekly Financial Fix:getting approved for a mortgage requires good credit; Travis challenges you to get up to speed with your current credit rating. 

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. 

If you and your partner don’t see eye-to-eye about money, you’re not alone. Most people in a relationship report feeling stressed and having perpetual arguments about spending habits and savings goals. On this episode of WealthBeing, Travis and Derrick ask Richard Routledge, family therapist and clinical supervisor at Arbour Counselling Centre to help us understand why couples struggle to maintain financial peace.

1:45 – Money Problem: Travis’ clients were constantly fighting over money. One a spender, the other a saver. Conflicts often arose during financial planning meetings.

2:22 – Expert Examination: Derrick, Travis and Richard discuss what’s behind common financial conflicts between partners: 

• why the subject of money leads to conflict between couples;
• perpetual conflicts related to finances;
• the politics of shared finances;
• handling conflict around money habits;
• the role of gender and power on financial behaviour;
• getting past differing financial expectations;
• book recommendations from Travis;
• how to talk about money with your partner;

22:18 – Weekly Financial Fix. A couples challenge to help you recognize what’s working, and what needs some work, when it comes to your finances.

If you have an un-diagnosed financial concern or want to better understand a financial subject, send us a question and we will consider it for a future episode. You can reach Travis and Derrick at [email protected] or visit islandsavings.ca/wealthbeing

If you and your partner don’t see eye-to-eye about money, you’re not alone. Most people in a relationship report feeling stressed and having perpetual arguments about spending habits and savings goals. On this episode of WealthBeing, Travis and Derrick ask Richard Routledge, family therapist and clinical supervisor at Arbour Counselling Centre to help us understand why couples struggle to maintain financial peace.

1:45 – Money Problem: Travis’ clients were constantly fighting over money. One a spender, the other a saver. Conflicts often arose during financial planning meetings.

2:22 – Expert Examination: Derrick, Travis and Richard discuss what’s behind common financial conflicts between partners: 

• why the subject of money leads to conflict between couples;
• perpetual conflicts related to finances;
• the politics of shared finances;
• handling conflict around money habits;
• the role of gender and power on financial behaviour;
• getting past differing financial expectations;
• book recommendations from Travis;
• how to talk about money with your partner;

22:18 – Weekly Financial Fix. A couples challenge to help you recognize what’s working, and what needs some work, when it comes to your finances.

If you have an un-diagnosed financial concern or want to better understand a financial subject, send us a question and we will consider it for a future episode. You can reach Travis and Derrick at [email protected] or visit islandsavings.ca/wealthbeing