Strictly Money with Saijal Patel Saijal Patel

Welcome to my weekly insights segment on Strictly Money, where I distill timeless financial wisdom shared by my esteemed guests. 
We uncover the essential strategies for saving, investing, and debt management that stand the test of time.
This podcast shares some of the best financial advice from legendary experts Joe Canavan, Jason Heath, Alfred Lee, Cathy Wood, Geoff Turner and Rebecca Oakes. 
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Key moments:
00:00:01 Introduction and Importance of Personal Questions in Finance
00:01:31 Joe Canavan's Advice on Paying Yourself First
00:02:50 Jason Heath on the Importance of Saving Habits
00:04:06 Cathie Wood on Long-Term Investment Perspective
00:05:51 Geoffrey Turner and Rebecca Oakes on Managing Debt and Credit
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Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.
Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/
Follow on X: https://twitter.com/strictlymoneytv
Get in touch: https://saijelle.com/contact-us/
Join Saij Elle’s FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

In this episode, we embark on the poignant journey of navigating aging parents. This evolution requires heartfelt conversations about health, caregiving, and the practicalities of downsizing.
Our special guest, Laura Tamblyn Watts, joins us to illuminate these vital discussions. Laura is not only the author of the newly released book "Let’s Talk About Aging Parents," but she also serves as the CEO of CanAge, Canada's leading seniors advocacy organization. With her wealth of experience and expertise, Laura helps us navigate the often challenging terrain of eldercare and family support.
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TIMESTAMP:
00:00 Supporting loved ones through various life stages.
04:53 Aging in place and parenting our parents.
06:57 Avoid bright lights while driving at night.
10:05 "Prepare for emergencies and stay informed."
13:30 Use I statements, not submissive compliance, especially for women.
18:39 Consider aging in place, Ontario waitlist.
20:19 Choose representation wisely for all decision-making.
23:44 Choosing the right trustee is critically important.
26:00 Authorize responsible management of online accounts.
32:04 Estate planning, trust, tax, and family discussion.
33:24 Focus on positive future plans in conversations.
36:51 Information overload leads to financial decision confusion.
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GUEST LINKS & RESOURCES:
CanAge: https://www.canage.ca
LEARN MORE ABOUT BMO ETFS (SPONSOR):
https://www.bmo.com/main/personal/investments/etf/
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Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.
Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/
Follow on X: https://twitter.com/strictlymoneytv
Get in touch: https://saijelle.com/contact-us/
Join Saij Elle’s FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

Welcome to Weekly Insights, where I dive into the world of personal finance with a critical eye on the noise that surrounds us.
I’ll unravel the complexities of financial chatter that often clouds our judgment and share practical tips and strategies to navigate through market hype, media sensationalism, and societal pressures that can impact our financial wellbeing. 
Whether you're a seasoned investor or just starting out on your financial journey, getting clarity amidst the noise will empower you to make informed decisions and stay focused on your financial goals.
Key moments:
00:00:01: Navigating Financial Noise: How to Make Smart Money Moves
00:02:14: The Market Hype Dilemma: Fear, Greed, and Sensible Investing
00:03:46: Cutting Through the Noise: Building a Solid Financial Plan
00:05:08: Mastering Financial Clarity: Mindfulness in Money Management
00:06:01: Pause, Breathe, Reflect: Making Emotionally Smart Financial Choices
Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.
Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/
Follow on X: https://twitter.com/strictlymoneytv
Get in touch: https://saijelle.com/contact-us/
Join Saij Elle’s FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

In this episode, we delve into the surprising reality of Canada's income and wealth gap compared to its U.S. counterpart. Despite common perceptions, recent revelations from the report "Billionaire Blindspot" challenge the accuracy of data collected by Statistics Canada, shedding light on a previously overlooked aspect of economic disparity. 
Join me as Dan Skilleter, the Director of Policy at Social Capital Partners and author of the report, shares insights derived from his extensive experience in policy advising. Gain a deeper understanding of the nuances shaping Canada's economic landscape and the implications for its citizens.
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TIMESTAMP:
00:00 Wealth inequality in Canada similar to US.
04:05 Statistics Canada surveys Canadians every few years.
06:33 US survey has better, more accurate data.
10:38 Popular measurement of income inequality in countries.
14:46 Capital gains tax rate increased to 66%.
19:09 Political argument with merit, but potential downside.
22:59 Challenges in accessing wealth data in Canada.
24:39 We sent data to the government strategically.
27:26 Questioning two-week pay cycle, suggesting daily pay.
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GUEST LINKS & RESOURCES: 
Link to Billionaire Blindspot report: https://www.socialcapitalpartners.ca/scpreports
LEARN MORE ABOUT BMO ETFS (SPONSOR):
https://www.bmo.com/main/personal/investments/etf/
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Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.
Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/
Follow on X: https://twitter.com/strictlymoneytv
Get in touch: https://saijelle.com/contact-us/
Join Saij Elle’s FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

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 in between, I’ll share my advice on how to achieving financial harmony and strengthening your relationship along the way.
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Key moments:
00:00 - 03:37: Unveiling the Taboo: Why Money Talk with Your Partner Matters
03:38 - 05:59: Money Personalities: Understanding Your Beliefs and Habits
06:00 - 06:59: Financial Goals: Crafting a Plan for Shared Dreams
07:00 - 07:56: Scheduling Success: The Power of Regular Money Talks
07:57 - 08:49: Breaking the Silence: Strengthening Bonds for Financial Health
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Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.
Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/
Follow on X: https://twitter.com/strictlymoneytv
Get in touch: https://saijelle.com/contact-us/
Join Saij Elle’s FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

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.
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⏰Timestamps:
00:00 - 03:37: Budget Woes: Unsustainable Tax and Spending
03:38 - 08:15: Canada's Lagging Living Standards and Fiscal Responsibilities
08:16 - 11:21: Government's Debt Dilemma: $54 Billion Spending Surge
11:22 - 16:03: Tax Hike Fallout: Discouraging Private Investment
16:04 - 18:42: Housing Policy Pitfalls: Price Rise Concerns
18:43 - 20:59: Housing Crisis: Limits of Withdrawal Increase
21:00 - 23:09: Prioritizing Tax Competitiveness and Productivity
23:10 - 25:09: Advocating for Early Financial Literacy Education
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GUEST LINKS & RESOURCES:
Jake’s Blog: https://fraserinstitute.org/blogs/federal-budgets-scale-of-spending-and-debt-reveal-a-government-lacking-self-control
LEARN MORE ABOUT BMO ETFS (SPONSOR):
https://www.bmo.com/main/personal/investments/etf/
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Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.
Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/
Follow on X: https://twitter.com/strictlymoneytv
Get in touch: https://saijelle.com/contact-us/
Join Saij Elle’s FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/