Money Mindset Mastery

Summary

In this episode of the Money, Mindset, and Mastery podcast, Jim and Ryan discuss a four-step master plan to overcome financial stress. They emphasize the importance of understanding your financial situation, educating yourself on financial matters, finding a trusted financial professional, and practicing self-care. They provide practical tips for managing stress, such as exercise, breathing techniques, and spending time wit...

Summary

In this conversation, the hosts discuss the impact of hoarding cash and the reasons why people tend to do so. They highlight the fear of loss, lack of financial literacy, and the illusion of safety as common factors. They emphasize the importance of understanding the psychology behind hoarding cash and the need for education and professional advice to make informed financial decisions. The hosts also discuss the difference ...

In this episode, Jim and Ryan introduce Denis Bisson, the head of TVH Wealth, and discuss the announcement of the referral arrangement with TVH Group. Denis shares his background in the financial services industry and his journey to becoming an independent portfolio manager. They highlight the benefits of TVH Wealth, including access to a team of specialists and a focus on risk management. Denis explains the importance of an invest...

In this episode, Jim, Ryan, and special guest Josh Brooks discuss Josh's journey in the mortgage industry and his transition to a client-facing role. They explore Josh's motivation and passion for mortgages, emphasizing the importance of building relationships with clients. They also highlight the valuable lessons Josh has learned from working with John and the TVH team, including the balance between communication and timin...

In this conversation, Jim and Ryan discuss the importance of behavioral biases in financial decision-making. They highlight the impact of behavior on financial success and the common biases that can derail financial plans. They delve into specific biases such as hurting, endowment effect, present bias, selective attention, illusory superiority, and social desirability bias. They also introduce the concept of money mindsets, includi...

Summary

This conversation explores the topic of reverse mortgages, a financial instrument that is often misunderstood and underutilized. The hosts, Jim and Ryan, are joined by John, a mortgage broker, to discuss the benefits, eligibility criteria, and misconceptions surrounding reverse mortgages. They emphasize that reverse mortgages should be considered as a viable option, not just a last resort, for retirees who want to age ...

Summary

In this conversation, Jim and Ryan discuss the importance of mastering your money and the power of behavioral cash flow planning. They highlight the limitations and challenges of traditional budgeting and the benefits of a cash flow plan. The conversation covers various signs that indicate the need for a behavioral cash flow plan, including lack of a fully funded retirement plan, retirement goals based on income replac...

In this episode, Jim and Ryan share five smart spending tips to help manage holiday spending effectively. They discuss the cost of the holidays and the importance of setting a budget. They also provide insights on leveraging sales, being mindful when shopping, and rethinking credit card use. Additionally, they emphasize the value of utilizing gift cards, participating in holiday gift exchanges, and making group donations. They enco...

Summary

In this conversation, mortgage broker John Sowerby discusses the current economic landscape, the Bank of Canada's interest rate decisions, the similarities to the 2008 financial crisis, the implications for the real estate market, Ottawa's fiscal update and mortgage stress test, tightening lending and qualification, consolidating debt and refinancing, and the outlook for 2024. The conversation highlights the im...

Does this sound familiar? ●I have debt, but also want to save for my future. ●I’m not sure where my money goes at the end of the month. ●I’m nearing retirement, and I’m not sure if there is anything more I can do to prepare. ●I make great income, but I feel like I should get more out of it. In this episode we will discuss: ●The flaws of budgeting ●Smarter spending strategies ●Debt reduction & tips ●Finding money for y...

While many experts are now calling for a soft landing in Canada instead of a recession, we aren’t out of the woods yet. The Consumer Price Index (CPI), which measures inflation and the change in prices for consumer goods, is rising. In fact, it increased 8.5% in July, following a 9.1% increase in June, according to Statistics Canada.

That means that without wages rising at the same rate (which they aren’t), it’s getting more ...

Welcome to another insightful episode of the Tortoise and Hare Financial Podcast! 🎙️ In this episode, our hosts Jim and Ryan are thrilled to introduce you to an incredible innovation in the world of finance: Behavioral Cash Flow Planning by TVH CacheFlo Solutions. Join us as we dive deep into the story behind CacheFlo Inc. and how it's changing the game when it comes to managing your finances effectively. We're joined by...

In this episode, Jim and Ryan dive deep into a topic that could transform your financial future – the importance of completing a portfolio review. They'll show you how the tortoise's slow and steady approach to financial wellness can lead to success, while the hare's impulsive decisions can spell disaster. 📊 Why Portfolio Reviews Matter 📊 Discover why regular portfolio reviews are the secret sauce behind successful...

Welcome to The Tortoise and Hare Financial Podcast. In today's episode, your hosts, Jim Lao and Ryan Genoe are diving deep into the concept of financial independence – what it means, why it's crucial, and how you can attain it. Whether you're a financial newbie or a seasoned investor, this episode will provide valuable insights into securing your financial future.

Welcome to the Tortoise and Hare Financial Podcast, where we unravel the secrets to financial wellness at a steady pace. Your hosts Jim Lao, and Ryan Genoe we have an eye-opening episode lined up as they dive into the world of estate planning with the help of the brilliant lawyer, Sonia Kociper.

They'll be exploring an insightful article titled "Your Estate Plan: Promoting Harmony and Preserving Family Relationships.&q...

Welcome to the Tortoise and Hare Financial Podcast! Your hosts Jim Lao and Ryan Genoe tackle a topic that's on the minds of many: Why do people fear retirement? Retirement should be a time of relaxation and enjoyment, but for some, it can be anxiety-inducing. We're here to uncover the reasons behind this fear and provide insights on how to overcome it. From the fear of the unknown to concerns about financial stability an...

Welcome to the Tortoise and Hare Financial Podcast, where we help you navigate the ups and downs of personal finance.  Your host, Jim Lao, and co-host, Ryan Genoe discuss an article that delves into the most common money mistake that people make - living with the fear of money. Fear can cause us to make decisions that leave us with a costly financial hangover and even lead to divorce. But the good news is, financial fear can be ove...

Welcome to the Tortoise and Hare Financial Podcast, where we bring you the latest insights and strategies for building a successful financial future. Your host Jim Lao, is joined by fellow advisor and co-host, Ryan Genoe. 

Today's episode is all about the power of perspective. We'll be sharing a story about a blind man who was suddenly given the gift of sight, and how he was able to use his new perspective to navigate the w...