The Hidden Fear That Stops People From Building Wealth

Glenn Stewardson is a certified financial planner with over 30 years of experience helping people experience joy in their retirement.Today Glenn explains the common mistakes people make with their RRSPs, why most Canadians don’t have a financial plan, and the importance of having purpose in life and in retirement.Today Glenn will cover:🔹 The financial belief that quietly destroys wealth🔹 Then number one mistake people make in their retirement🔹 Three things you can do with money: spend, give it away, or pay taxes🔹 The importance of taking risks to build the life you want🔹 Teaching our youth about money the right wayFollow Glenn:🌐 Website 👉 https://advisor.assante.com/Glenn-Stewardson/🔗 LinkedIn 👉 https://www.linkedin.com/in/glenn-stewardson-cfp-fma-mfa-p-1769044/⏱️ Timestamps:00:00:00 Financial beliefs that hurt people00:03:28 When to take money out from RSP00:04:48 Tax planning around different TFSA vs RSP00:07:13 Introduction to Glenn00:08:55 Only three things you can do with money00:09:30 Benefits of giving money away00:14:01 Looking at schedules to find ways to minimize taxes00:15:49 Think in 5 year cycles00:17:41 Finding purpose in work and in retirement00:22:46 Glenn’s relationship with money and getting into finances00:28:08 Financial advisors deal in hope00:30:34 Early struggles as a financial advisor00:35:56 The importance of building trust with your customers00:37:20 Opening yourself up and letting people in00:40:46 Writing Your Joyful Retirement book00:42:10 Why “Joy”?00:43:25 Building the Joyful Retirement course00:48:14 Business lessons from building an course00:53:55 Why focus career on helping people with retirement00:56:40 Lessons from people that retire as millionaires00:57:25 Problem with today’s small business owners00:58:13 Younger generation doesn’t want to buy businesses01:02:13 Teaching younger people about money and finances01:07:05 Is opening a TFSA as a teenager the best strategy?01:08:47 Young people need to learn how to build good saving habits01:13:58 Too much access to our financial information01:15:24 How to think about life insurance01:17:57 Personal question about Odum’s life insurance01:21:03 How to talk to family about inheritance and a family will01:24:32 Does debt transfer to children upon parents death?01:25:47 Don’t get stuck with a big tax bill upon death!01:29:18 You need to have some kind of plan on paper01:30:16 Make sure your to protect your digital assets too01:29:18 You need to have some kind of plan on paper01:32:13 How to build good credit01:34:16 Make your life what you want it to be!