Your Life and Money

Tim Borody is back with a fresh perspective on a challenge every investor faces: market volatility. Drawing inspiration from the thrilling 2026 Masters victory and the "up and down" nature of the greens at Augusta, Tim explores why staying the course is often the hardest—but most rewarding—part of your financial journey.Staying the Course in a Volatile MarketThe Pitfalls of Market Timing: Learn why trying to "time" the market rarely works, as missing just a few of the biggest recovery days can have a devastating impact on your long-term portfolio health.The Caddie Advantage: Tim explains how working with a financial advisor is like having a professional caddie; providing an objective stance to help you navigate "stormy" conditions, manage transaction costs, and keep your emotions from driving rash decisions.Executing Your Strategy: Discover why consistency—through habits like dollar-cost averaging and rebalancing—beats reactive selling every time, ensuring your "ball" keeps heading toward the hole regardless of the wind.As you navigate the "interesting times" of the current market, join Tim to discover how a stress-tested roadmap can help you trade financial anxiety for the clarity and confidence you deserve.

In the conclusion of this two-part series, Tim Borody dives into the often-misunderstood world of non-registered accounts and the critical role of tax efficiency. Building on Part 1, this episode focuses on how to coordinate your investments to protect your wealth from unnecessary tax erosion while keeping your plan flexible for the transitions ahead.Navigating Tax and Legacy ObjectivesThe Versatility of Non-Registered Accounts: Tim explains the unique benefits of non-registered accounts, including their lack of contribution limits and their ability to be held jointly or corporately for maximum flexibility.Decoding the Tax Hierarchy: A breakdown of how the government treats different types of growth, explaining why capital gains and dividends are far more "tax-preferred" than standard interest income.Aligning Portfolio Jobs with Account Types: Understand why your long-term legacy goals belong in tax-free vehicles while your short-term needs require a more prudent, risk-managed approach.Whether you are saving for a first home or planning a phased early retirement, join Tim to learn how to stress-test your strategy and ensure every dollar in your plan has a specific job to do.

Tim Borody kicks off a special two-part series focused on the foundational "buckets" of a successful financial plan. In a world of information overload, this episode moves beyond simple account names to explore how your financial structure should actually serve your life objectives—because your plan is only as strong as the clarity behind it.Mastering Your Financial StructureThe System of Buckets: Tim illustrates the "Bucket Concept"—a way to visualize your cash flow and accounts as a system of taps and reservoirs to ensure you never run dry.Liquidity vs. Stability: Understand the "Short-Term Bucket" (0–3 years) and why emergency funds and "opportunity cash" require liquid, stable vehicles like High-Interest Savings Accounts (HISAs) or money market funds.The Power of Purpose: Learn why every account—from your RRSP for retirement to your TFSA for long-term growth—must be earmarked for a specific timeline and goal to be truly effective.As you evaluate your current accounts, join Tim to discover how shifting from "having a bunch of accounts" to "having a comprehensive plan" can take the weight of financial stress off your shoulders.

Tax season doesn't have to be a source of stress; instead, it can be the ultimate annual check-up for your financial health. In this episode, Tim Borody walks you through the essential steps to prepare for your 2025 Canadian tax filing while shifting your mindset from simple "tax prep" to strategic "tax planning".Navigating the 2025 Tax LandscapePreparation vs. Planning: Discover the critical difference between tax preparation—the backwards-looking process of filing—and tax planning, which is a forward-looking strategy integrated into your long-term financial plan.CRA Watchlist & Digital Shifts: Stay ahead of the CRA’s push for digital filing and their increased focus on data matching for unreported income from side hustles, freelance work, and the gig economy.The "Refund" Trap: Learn why a massive tax refund isn't necessarily a win, but often a sign of poor cash flow management and missed opportunities to keep more money in your pocket throughout the year.As you gather your slips and organize your folders, join Tim to learn how to use this season as a catalyst for better financial habits and a clearer vision for the life you deserve.

Tim Borody is back for another episode of Your Life and Money to kickstart the year with an exciting announcement for the Advice First community. In this episode, Tim is joined by our newest team member, Nick Smith, to discuss the importance of aligning your career and family life with your core values—because we believe financial planning is about more than just numbers; it’s about your life.A New Chapter in Life-Centered PlanningA Strategic Career Transition: Nick shares his journey from a career in the turf industry and horticulture to financial planning, driven by a desire for professional longevity and a schedule that supports his new marriage.The "Passenger Seat" Philosophy: Inspired by watching his father’s career, Nick discusses his passion for walking alongside clients through their life transitions and helping them achieve rewarding milestones, like purchasing a first home.Faith and Financial Wellness: The duo explores how biblical wisdom and open communication can reduce financial anxiety, helping couples move from "information overload" to total clarity and contentment.As we welcome a new generation to the Advice First team, tune in to hear how Nick’s fresh perspective and dedication to financial well-being can help you keep planning for the life you deserve.

Tim Borody and Brad Smith are back in the studio during a frigid Ontario January to kick off the new year by tackling the "taboo" of asking simple financial questions. They dive deep into why true financial well-being isn't about knowing every nitty-gritty detail, but about gaining the clarity and confidence to make wise decisions—even if that means asking the same question every single year.The Myth of "Unlimited" RRSPs: Tim and Brad explain how the old advice of "just keep loading up" RRSPs can backfire, leading to forced withdrawals and higher tax brackets in retirement than during your working years.Understanding the RRSP/RIFF Meltdown: Learn the mechanics of a "meltdown" strategy—shifting assets from taxable RRSPs into tax-free environments like TFSAs to smooth out your lifetime tax bill and protect your estate.Creating Flexible "Pots" of Capital: Discover why having multiple pools of capital—rather than just one big RRSP—gives you the freedom to fund big-ticket dreams, like an Alaskan cruise, without losing half your withdrawal to the CRA.As you look at your own retirement accounts this year, join Tim and Brad to see how a life-centered approach to tax planning can provide the contentment that comes from knowing you're in control of your financial future.

Tim Borody and Brad Smith are back in the studio for another episode of Your Life and Money to kickstart the new year with the energy and insight you need to make 2026 your best year yet. As they settle back in after a "chill" holiday season focused on family and recharging, they dive into why financial planning is never just about the numbers—it’s about aligning your money with your deepest values and priorities because, at Advice First, we know that life is not a rehearsal.Kicking Off 2026 with Tim and BradMarket Resilience and the Value of Diversification: Tim and Brad reflect on the surprising strength of the 2025 markets and discuss why diversifying portfolios outside of the US into regions like Canada, Europe, and Asia may be the strategic move for 2026.Investing in Team Continuity and Succession: Brad shares the philosophy behind adding a new team member this year, emphasizing a long-term, 5-to-7-year mentorship process to ensure client families receive stable, high-quality advice for generations to come.A New Mission for Financial Literacy: Tim reveals his 2026 goal to release accessible social media videos and podcast segments that break down financial fundamentals, helping Canadians move past the fear of asking "simple" questions to make more confident decisions.As we step into this new year, join Tim and Brad to discover how these new initiatives and strategic shifts can help you gain total clarity on your journey and answer the most important question: "How much is enough for the life you want to lead?"

Welcome back to Your Life and Money, the podcast where financial planning goes beyond the spreadsheets to focus on what truly matters: your life. Hosts Tim Borody and Brad Smith continue their Q&A series, tackling complex questions about budgeting, debt, saving for a first home, and optimizing government pension benefits.Beyond the Budget: Saving, Buying a Home, and Maximizing Your PensionCash Flow Clarity: Uncover the five essential categories you need to track to gain control of your cash flow and how simplifying your budget helps you redirect funds toward key goals like eliminating debt or building an emergency fund.The Homeownership Playbook: Learn how to strategically use specialized savings plans like the First Home Savings Account (FHSA) and the RRSP Home Buyers’ Plan (HBP) to accumulate a down payment, including the little-known details on how non-first-time buyers can reuse the HBP.The CPP/OAS Timing Trap: Delve into the pros and cons of taking Canada Pension Plan (CPP) and Old Age Security (OAS) benefits early versus deferring them, discussing the break-even math, and how working income or pension bridges factor into this crucial retirement decision.Stop wondering if you're making the right financial decisions—this episode delivers the clarity and actionable advice you need to feel secure about your future

In every episode of Your Life and Money, hosts Brad Smith and Tim Borody share expert advice to help you get the best life possible with the money you have. This episode is a must-listen as they kick off a two-part series answering the most common and critical financial questions of the year.The Tax Tangle: RIFs, TFSAs, and How to Protect Your WealthUnderstanding the RIF Risk: Learn why the money in your Registered Retirement Income Fund (RIF) is taxed as income in the year of death and how that liability can reach Canada's highest marginal tax bracket (up to 54%).Choosing the Right Beneficiary: Explore the options for naming beneficiaries—from spousal rollover to naming children or a charity—and the specific tax implications for your estate in each scenario.The Power of Successor Holders: Discover the critical difference between naming a beneficiary and a successor holder on a Tax-Free Savings Account (TFSA) and how the latter is key to preserving the tax-free status for your surviving spouse.Whether you are accumulating wealth or distributing it, the decisions you make today on your registered accounts will define the value of your legacy—tune in to ensure your wealth plan is perfectly aligned with your life and priorities.

Welcome back to Your Life and Money, where we believe that financial planning is not just about the numbers—it's about your life. Host Brad Smith is joined by a special guest: Theresa Schott, the Chief Investment Officer (CIO) at Harbourfront.Theresa, who runs all of Harbourfront's investment pools, discusses her move from managing institutional capital for 20 years to bringing those same sophisticated strategies to retail investors. She dives into the structural problems facing traditional investment approaches and highlights the new opportunities created by the rise of AI.Institutional Strategies for Retail Investors: Breaking Down DiversificationThe End of 60/40? Find out why the traditional 60/40 stock-bond split is no longer an effective diversifier and is either "dying or on its way" because equities and bonds now show a far more positive correlation during market volatility.The AI Opportunity and Risk: Get Theresa's take on the AI revolution, the enormous capital expenditure (CapEx) being spent on infrastructure like data centers, and why she's concerned about the high concentration risk in the current U.S. equity markets, where a handful of stocks account for over 36% of the S&P 500.The Private Market Solution: Learn why institutional investors allocate 55% to 60% of their total wealth to private markets, and how retail investors should consider allocating anywhere from 5% to 30% to private assets to achieve a lift in returns, more predictable cash flow, and lower volatility.The Risk of Illiquidity: Understand the key risk in private markets—the illiquid nature of the assets (like a marriage, "it's not a one night stand")—and how rigorous due diligence on managers is essential to find the right long-term partner.Financial planning is about more than just money—it's about living the life you want. Take some time to reflect on your goals and priorities, and tune in to discover the insights and strategies that will help you create a plan that aligns with your vision for the future.

Welcome to Your Life and Money, where we believe that financial planning is not just about the numbers—it's about your life. Host Tim Borody is joined by special guest, Abena (Abie) Quayson, CFA, a new Portfolio Manager with Harbourfront Wealth, who is here to help you get the best life possible with the money you have.In this episode, we explore how aligning your money with your values and priorities is the key to financial success. Abie shares her fascinating journey from a background in institutional finance—managing money for major Canadian pension funds to bringing that same world-class expertise to everyday Canadian investors. Learn about the strategies previously reserved for only the largest funds and how they can benefit you.Expert Investment Strategy for Every Canadian: Behind the Scenes with a Portfolio ManagerInstitutional vs. Retail Investing: Understand the difference between managing a massive pension fund and tailoring investment products for individual clients. Harbourfront is dedicated to providing "pension store management for retail".Philosophy of Long-Term Value: Hear Abie's investment philosophy, which is grounded in long-term value creation through diversification and risk management.Demystifying Liquid Alternatives: Get a clear explanation of "liquid alternative" investments. These unique investments behave differently from traditional equities and bonds and are used to potentially reduce volatility while increasing returns for your portfolio.Emerging Market Opportunities: Explore current global opportunities, including why emerging markets like India are showing potential for significant long-term GDP growth. These markets are also seen as having lower valuations than the U.S..Financial planning is about more than just money—it's about living the life you want. Take some time to reflect on your goals and priorities, and tune in to discover the insights and strategies to help you create a plan that aligns with your vision for the future.

In this episode of Your Life and Money, Tim Borody talks with his sister, Beth Borody, about her career journey from the mining industry to running her own business. Beth shares the lessons she learned as her career and income grew quickly, from navigating compensation packages to seeking advice from financial and legal professionals.Beth opens up about the challenges of rapid career growth, navigating complex compensation packages, and the lessons she learned about seeking professional advice from lawyers, accountants, and financial planners along the way. Together, Tim and Beth highlight how thoughtful financial planning made it possible for her to transition confidently from a high-paying executive role to full-time entrepreneurship—while supporting her family, managing big life expenses, and ultimately achieving her goal of being debt-free.In this episode, you’ll discover:How to navigate sudden increases in income, compensation packages, and stock options without losing sight of your long-term goalsThe importance of involving professionals—lawyers, accountants, and financial planners—early in your career to avoid costly mistakesWhy financial planning isn’t about restriction but about creating the freedom to take risks, pursue passions, and design the life you want

Welcome to Your Life and Money—the podcast that goes beyond the dollars to help you create a life you truly value. In this episode, Brad Smith and Tim Borody dig into one of the biggest challenges many people face: finding clarity and confidence in their financial future.They explore how emotions, mindset, and personal values play just as important a role as the numbers on a balance sheet—and how aligning money with life goals can make all the difference.In this conversation, you’ll discover:Why financial confidence isn’t just about having “enough,” but knowing what “enough” means for youHow to recognize and overcome the fears, doubts, and limiting beliefs that hold people backPractical ways to connect your financial plan with your values so you feel more secure and purposeful in the decisions you makeWhy listen?Whether you’re planning for retirement, navigating career changes, or simply looking for peace of mind, this episode offers fresh insights to help you approach money with clarity and confidence.

Last week, Brad Smith and Tim Borody laid the foundation for teaching kids about money. This week, they build on that conversation—tackling more advanced topics that help kids move from understanding money to managing it confidently for the long term.From introducing investing at the right age to explaining the difference between short-term and long-term goals, Brad and Tim share practical, real-world approaches for guiding kids through increasingly complex financial concepts. They also discuss ways to help children learn from mistakes, develop discipline, and connect money decisions to their personal values.What You’ll Learn in This Episode:How to introduce investing concepts to kids in an age-appropriate wayStrategies for teaching goal-setting, delayed gratification, and risk awarenessWhy connecting money skills to values sets kids up for lifelong financial healthIf you’re ready to prepare the next generation for success—not just in earning money, but in using it wisely—this conversation offers actionable steps you can start today.

Money lessons aren’t just learned in adulthood—they start at home.In this episode of Your Life and Money, hosts Brad Smith and Tim Borody dive into the essential, and often overlooked, skill of teaching kids about money. Drawing from personal stories, including a recent family wedding, they explore how early financial education shapes lifelong habits and values. From navigating conflicting advice to adapting lessons across generations, Brad and Tim share practical strategies for giving the next generation the wisdom, confidence, and skills to manage money well.What You’ll Learn in This Episode:Why financial education should begin long before kids enter the workforceHow parents can pass down healthy money values without overwhelm or confusionPractical, age-appropriate ways to teach budgeting, saving, and givingWhether you’re a parent, grandparent, or mentor, this episode will inspire you to start meaningful money conversations that last a lifetime.

Welcome back to Your Life and Money, where financial planning meets real life. In this episode, Brad Smith and Tim Borody continue the conversation around one of the most overlooked yet essential aspects of retirement—preparing not just financially, but emotionally and psychologically for this major life transition.With decades of experience guiding clients into retirement, Brad and Tim explain why even the most financially secure individuals often feel lost or unsettled once they step away from work. That’s where the Retirement Coaching Program comes in—a life-centered approach to helping people find purpose, structure, and fulfillment in their post-career years.This episode explores three central themes:Identity and Purpose After Work: Why retirement often causes people to ask, “Who am I now?”—and how to find meaningful answers.From Accumulation to Distribution: Shifting mindsets from earning and saving to spending with intention and confidence.Coaching for the Human Side of Retirement: How structured conversations and thoughtful planning can help you design a retirement that’s rich in purpose, connection, and clarity.Retirement isn’t the end—it’s a beginning. Tune in and start imagining what’s possible.

Welcome to Your Life and Money—where financial planning is all about designing a life you love. In this episode, Brad Smith and Tim Borody talk about their Retirement Coaching Program. More than just numbers, this program helps clients explore what retirement really means—personally, emotionally, and practically.It’s not just about saving enough—it’s about answering the bigger question: What’s next?In this episode, we dive into three key themes:Planning Beyond the Financials: Why traditional retirement planning often misses the mark by focusing solely on money—and how coaching helps you define purpose, identity, and lifestyle after leaving the workforce.The Role of Retirement Coaching: How this program supports clients in navigating the emotional and psychological transitions that come with retirement, from redefining identity to setting new goals.Designing a Fulfilling Future: Strategies for creating a retirement aligned with your values, whether that means volunteering, starting a new business, spending more time with family, or traveling the world.Don’t just retire—reimagine your future. Tune in now to learn how.

Welcome back to Your Life and Money—where financial planning is about more than just numbers; it’s about designing a life you love. In this episode, Brad Smith and Tim Borody explore a growing trend: the do-it-yourself (DIY) movement in personal finance. With the rise of AI tools and online platforms, it’s easier than ever to manage your own money—but does that mean you should?This episode dives into the essential conversation around the value of working with professionals in an age of digital convenience. Brad and Tim share real-life stories, professional insights, and compelling research that reveal why sometimes, the best return on investment is the advice you receive—not the product you buy.In this episode, you’ll discover:Why more industries (from real estate to taxes) are pushing DIY options—and what that means for consumers.The hidden costs and risks of going it alone with your finances.Key insights from FP Canada's recent report on client confidence and peace of mind.What real clients say about their experience working with a financial advisor.How personal stories, wisdom, and experience offer more value than any AI tool or online calculator.What’s in it for you?You’ll walk away with a clearer understanding of the real-world impact of financial advice—from avoiding costly mistakes to gaining the confidence to make life-changing decisions like retiring or relocating. Whether you’re navigating your first big financial move or rethinking your current plan, this episode will help you ask better questions, reflect on your own needs, and make more informed choices.

Welcome back to Your Life and Money — the podcast that goes beyond the numbers to help you live your best financial life. In this solo episode, host Brad Smith dives into a crucial yet often overlooked topic: the role of alternative investments in building a more resilient and aligned financial strategy.While life-centered planning is always the foundation, Brad explores how evolving markets and investor needs are driving a shift away from traditional models like the 60/40 portfolio—and what that means for your money.In this episode, we explore three core themes:The Limits of Traditional Investing: Why the classic balanced portfolio often falls short of expectations in today’s volatile markets, and how client experiences frequently diverge from projected returns.The Rise of Alternative Assets: How pension funds are using private investments like real estate, debt, and equity to reduce volatility and boost long-term returns—and how these strategies are now accessible to individual investors.The Power of Active, Integrated Management: How unified managed accounts (UMAs) combine professional management and alternative asset access to create more flexible, responsive portfolios aligned with your life goals.Why listen?This episode offers practical insights into how you can build a more durable, diversified portfolio—without relying solely on public stocks and bonds. It’s an essential listen for anyone seeking greater clarity, confidence, and consistency in their financial plan.Have questions or want to learn more?Visit our website to connect, share your feedback, or explore how life-centered planning can work for you.Tune in today and discover how smarter investing can support the life you truly want to live.

Uncertainty may dominate the headlines—but it doesn’t have to dominate your financial decisions. In this insightful episode of Your Life and Money, hosts Brad Smith and Tim Borody dig into the real-world lessons learned from decades of market ups and downs, including recent volatility, and why life-centered planning remains the most effective tool in your financial toolkit.Drawing from real client stories and historical market shocks—from 9/11 to 2025's tariff turbulence—they explore how patience, true diversification, and clear financial plans help investors stay grounded when the world feels anything but.Here’s what we unpack in this episode:How to stay steady during market volatility by sticking to a values-driven financial planReal examples of past crises (like 9/11 and the 2008 financial crash) and what they teach us todayThe danger of “recency bias” and why emotional investing rarely ends wellWhat true diversification looks like—and why most investors aren’t as diversified as they thinkThe power of incorporating private investments (real estate, credit, equity) for stability and consistent returnsQuestions to ask yourself and your advisor about your actual risk toleranceHow pension-style investing provides both peace of mind and performance in uncertain timesWhy it matters:This episode is packed with practical insights that can help you rethink not just how you invest, but why you invest the way you do. Whether you’re nearing retirement or just trying to make smarter decisions in volatile times, you’ll walk away with tools to help you plan with purpose and confidence.

Planning for retirement isn’t just about numbers—it’s about building a life you love. In this episode, hosts Brad Smith and Tim Borody explore how financial scorecards can help you gain clarity and confidence in your future.They break down two key tools:The Retirement & Investment Scorecard – A powerful tool to measure financial confidence and identify gaps in understanding.Uses a 1-10 scale to assess confidence in retirement readiness.Helps identify areas where more clarity is needed on investments, risks, and cash flow.Reveals blind spots—many advisors assume clients grasp financial details, but scorecards often highlight knowledge gaps.Provides a structured way to ask better questions and make informed decisions about financial security.The Lifestyle Scorecard – Retirement isn’t just about money; it’s about quality of life.Evaluates non-financial aspects such as work, relationships, health, and sense of purpose.Uncovers hidden concerns—like work dissatisfaction or uncertainty about post-retirement purpose.Helps align financial plans with personal goals to create a more fulfilling retirement.Encourages deeper conversations about what truly matters in life after work.Many people assume they have all the answers, but these scorecards reveal crucial knowledge gaps and open up deeper conversations. Brad and Tim discuss how using these tools can replace uncertainty with confidence, helping you craft a retirement that’s both financially and personally rewarding.

Welcome to Your Life and Money, where financial planning goes beyond numbers to help you reach your Financial Finish Line—the point where your money serves your life, not the other way around. Join hosts Brad Smith and Tim Borody as they dive into powerful stories of people who have achieved true financial fulfillment by defining their goals and aligning their finances with their values.In this episode, Brad and Tim discuss how financial success isn’t just about wealth—it's about clarity, purpose, and using your money as a tool to achieve what matters most. You’ll hear inspirational stories from real people who found their Financial Finish Lines and learn practical ways to start your own journey.At Advice First Wealth, we believe everyone has a unique financial finish line. It’s time to discover yours. Whether you’re at the beginning of your financial journey or refining your approach, this episode offers insights to help you move forward with confidence and purpose.Got thoughts or questions? We’d love to hear from you! Join the conversation and connect with us.Tune in and get inspired to reach your Financial Finish Line!

It’s that time of year again—tax season! But instead of just scrambling to file your return, what if you could take a proactive approach and use tax planning to your advantage? In this episode of Your Life and Money, host Tim Borody dives into the importance of tax planning as a key pillar of financial success.We’ll cover:The difference between tax season and tax planning—and why it mattersHow to align your tax strategy with your overall financial planSmart ways to reduce your tax burden, including RRSP contributions and capital gains strategiesReal-life examples of how tax planning helped clients save thousandsThe impact of investment fees and how to structure your accounts for tax efficiencyBy the end of this episode, you’ll have a better understanding of how to make tax planning work for you—not just this year, but for years to come. Got questions or want to share your own tax-saving strategies? Reach out to us—we’d love to hear from you!

What if generosity isn’t just about giving—but about gaining something even greater? In this episode of Your Life and Money, Brad Smith explores how generosity can transform your financial outlook and your life. With co-host Tim Brody under the weather, Brad takes the opportunity for a one-on-one conversation about how aligning your money with your values leads to true financial contentment.Here’s what you’ll learn in this episode:Why generosity is more than just a good deed—it’s a financial strategy.The three fundamental questions everyone must answer about money.The five key financial habits that lead to success (and why giving generously is at the top).Real-life stories of people who embraced generosity and saw unexpected rewards.Practical ways to start giving—no matter where you are on your financial journey.The tax and estate planning benefits of charitable giving.Generosity isn’t just for the wealthy—it’s for everyone. Whether you're just starting or looking to increase your impact, this episode will inspire you to rethink the role of money in your life.

Welcome to another episode of Your Life and Money! This week, we’re diving into the practical side of financial planning—where your money meets your goals. Are you making the most of your savings options? We’ll break it down with expert insights and real-life strategies to help you make informed decisions.In this episode, we explore:The Five Uses of Money: A tool to align your financial actions with your life values.RSP vs. TFSA: The key differences and why relying solely on RSPs could hurt your future tax efficiency.First Home Savings Account (FHSA): How it combines the best of both worlds for first-time homebuyers.Tax Planning Pitfalls: Avoiding common mistakes like overloading RSPs and creating tax burdens in retirement.Layering Income: Building a tax-smart strategy for your retirement cash flow.Discover practical tips to reduce taxes, enhance savings, and plan smarter for the life you deserve. This episode is packed with actionable advice for anyone looking to optimize their financial future.Make your money work harder for you—without compromising your dreams!

Welcome to "Your Life and Money," where we believe financial planning isn’t just about numbers—it’s about living a life aligned with your values.In this kickoff episode for 2025, Brad Smith and Tim Borody reflect on key financial lessons and look ahead to trends, opportunities, and challenges that might shape your year.In this episode, we’ll cover:Why the start of a new year is a great time to reevaluate your financial goals.Insights on navigating market volatility and avoiding “recency bias.”A look at lifestyle planning: What it means and why it matters more than ever.Tools and strategies to align your financial plan with your personal values and priorities.The five core uses of money—and how to balance them for today and tomorrow.Discover practical advice, thoughtful strategies, and actionable tips to help you make 2025 a year of purpose and progress.Have questions or thoughts? We’d love to hear from you! Reach out to us and share your feedback as we explore what it takes to build a truly life-centered financial plan.Don’t miss this episode—it’s time to reset, refocus, and take charge of your financial future.

As another year comes to a close, join hosts Bradley Smith and Tim Borody in a thought-provoking episode of Your Life and Money. In this special end-of-year conversation, Brad and Tim reflect on 2024’s surprises, lessons, and successes, while setting the stage for an optimistic 2025.Financial planning is not just about numbers—it’s about aligning your money with your values. This year-end wrap-up explores how individuals and families have weathered economic uncertainties and adjusted their financial strategies to stay on track.What you’ll discover in this episode:2024 Predictions vs. Reality: How financial forecasts missed the mark and what we can learn.The Mortgage Landscape: Why dire predictions didn’t materialize and what trends to watch for in 2025.Adapting to Inflation: How people have shown resilience and creativity in managing rising costs.The Importance of Cash Flow Planning: Why revisiting budgeting basics is more relevant than ever.A Glimpse Into 2025: Exciting developments and new beginnings on the horizon for the hosts and their clients.Through heartfelt stories and practical advice, Brad and Tim offer inspiration and guidance for making meaningful financial decisions.

In this episode of Your Life and Money, Brad Smith steps into the studio solo to share a valuable learning experience:How even seasoned financial professionals can be targeted by sophisticated scams.The subtle tactics scammers use to build trust and create urgency.Red flags to watch for when transacting online or in your community.Practical tips to protect your finances and avoid falling victim to fraud.With his personal story and key takeaways, Brad delivers actionable advice in a relatable way. Whether you're a cautious investor or just navigating online marketplaces, this episode is a must-listen for keeping your money safe.

In this episode of Your Life and Money, we're diving into an often-overlooked but incredibly important topic in financial planning: contentment. As we approach the end of the year and reflect on what truly matters, Tim Borody takes the reins to explore how aligning your finances with your values can lead to a life filled with more meaning and satisfaction—no matter what stage of life you're in.This episode is all about shifting the focus from traditional financial metrics like ROI to the concept of a "Return on Life" (ROL)—a more holistic approach that considers your personal goals, dreams, and overall well-being. Whether you're planning for retirement, building wealth, or simply looking to find more fulfillment in your financial decisions, this episode will give you valuable insights on how to get there.Key Topics Covered:The Power of Gratitude and Contentment in Financial Planning: Why these often-missed emotions matter and how they impact your financial journey.Building a Life-Centered Financial Plan: How to align your money with your values, priorities, and goals.The Evolution of Life-Centered Planning: From the "Journey to Meaningful Significance" to today's approach of Return on Life (ROL).What Does 'Building Contentment' Really Mean?: How financial planning can help you cultivate a sense of contentment—separate from happiness—and why it's vital for long-term financial success.Practical Tips for the End-of-Year: Approaching the holidays with financial clarity and purpose.Whether you're in the thick of your financial planning or just starting to think about how to make your money work for you, this episode offers actionable advice that can help you not just manage your wealth—but live a life that's rich in purpose and contentment.Tune in now and start building the life-centered financial plan you've always dreamed of!

Retirement planning is more than just crunching numbers—it’s about aligning your money with your dreams and building a life that feels rich beyond the finances. In this episode of Your Life and Money, hosts Brad Smith and Tim Borody dive into how true financial planning encompasses emotional, social, and physical preparation for retirement. Together, they unpack the latest Fidelity report on Canadians' views on retirement, revealing what really matters for a fulfilling future.Join us as we discuss:The power of a life-centered plan: Why aligning your finances with your values leads to a more satisfying retirement.Planning for the “other side” of retirement: Beyond finances, what it means to be emotionally, socially, and physically ready.Real stories: How retirees’ expectations about retirement evolved and why many found themselves unexpectedly loving the freedom from work.Addressing common fears: Tips on handling inflation, supporting your lifestyle, and ensuring your plan is adaptable for life’s surprises.Expect expert insights on how to get a holistic retirement plan that doesn’t just let you survive but truly thrive in your retirement years. Whether you’re nearing retirement or still years away, this episode offers actionable advice to help you get clear on your goals and dreams.Tune in and discover how a life-centered approach to financial planning can pave the way for a more secure, joyous retirement.

Retirement planning has evolved beyond numbers—it’s about aligning money with your life and values. In this episode of Your Life and Money, Brad Smith and Tim Borody explore the changing landscape of retirement, sharing insights from a new report that uncovers Canadians’ shifting attitudes and priorities as they approach this major life transition.Join us as we dive into:The latest findings on Canadians’ retirement outlook and what’s driving a dip in confidence.How rising inflation and interest rates impact retirement savings and spending.Why retirement timing is shifting and how economic uncertainty is influencing decisions.Practical steps to enhance retirement confidence and flexibility in a volatile world.Whether you’re nearing retirement or years away, this episode offers valuable insights to help you feel prepared and empowered. Got questions or feedback? We’d love to hear from you! Listen in as we unpack the trends and help you set a course for a retirement that aligns with your life goals.

Welcome to Your Life and Money! In this episode, we’re diving into the intricate world of mortgages and financial planning with our guest, Julia Bernier, a seasoned mortgage broker. We’ll explore how to align your financial choices with your life goals, helping you make informed decisions in a fluctuating market.Join hosts Brad Smith and Tim Borody as they uncover practical insights from Julia’s journey in the mortgage industry over the past year. Whether you’re a first-time homebuyer or considering a renewal, this episode is packed with valuable advice and strategies to help you navigate the current landscape.In this episode, we discuss:Recent changes in mortgage rates and what they mean for buyers.The psychological impact of interest rates on first-time homebuyers.Proposed changes to CMHC mortgage rules that could open new doors for buyers.Key strategies for approaching mortgage renewals in a shifting market.Real-life stories of individuals who’ve successfully aligned their financial goals with their personal values.This episode offers you practical takeaways, expert insights, and inspiration to approach your financial future with confidence.Tune in and discover how to take control of your financial journey while staying true to what matters most in your life!

Are you ready to embark on one of the most important transitions of your life? Welcome to Your Life and Money, where financial planning goes beyond numbers—it's about aligning your money with your life, values, and priorities. In this episode, Brad Smith and Tim Borody dive deep into the emotional and financial complexities of exiting a business and what comes next.Whether you're a business owner preparing for retirement, a company sale, or passing the reins to the next generation, these transitions can be daunting. But fear not! This episode provides real-life stories and expert advice to guide you through the ups and downs of leaving your business behind and moving on to your next chapter.Key Takeaways:How to emotionally and mentally prepare for a business exit and avoid the “failure to launch” stage.The rollercoaster of emotions post-exit: isolation, doubt, excitement, and how to manage them.Why most people only get one or two chances to exit a business and how to make yours count.Practical tips for planning ahead to ensure your business thrives, even after you leave.The importance of finding purpose beyond your business and how to create a fulfilling life post-exit.What You’ll Gain:Insightful strategies to create a seamless and successful business exit.Inspiration and motivation to prioritize your personal well-being after leaving your business.Real-world examples of business owners who’ve walked the path before you.A roadmap to avoid the emotional and financial pitfalls of exiting a business.Don’t miss this valuable episode on mastering life’s transitions and creating a life-centered plan for your future! Tune in now for expert insights and actionable advice that will help you plan a healthy and successful exit.

Ever wondered how to align your money with your values while planning for life’s biggest transitions? Welcome to Your Life and Money, where we believe financial planning isn’t just about numbers—it’s about your life. Join Brad Smith and Tim Borody as they dive into real stories of people using life-centered financial planning to achieve their goals and live out their dreams.In this episode, we explore the emotional and strategic side of business succession and major life transitions like retirement and career changes. Drawing from personal experiences and expert insights, we break down the crucial elements of transitioning well, ensuring that you not only exit but exit with purpose and satisfaction.Key topics we cover:How to align your money with your life goals and valuesThe importance of planning for your business exit strategy early onEmotional phases of transitioning, from increasing anxiety to the "lame duck" phaseThe staggering number of business owners who regret their exit and how to avoid that trapStrategies to ensure you exit with fulfillment, not regretThe critical role of financial planning during life transitionsWhether you’re a business owner planning for succession, a professional contemplating retirement, or anyone facing a significant life shift, this episode will provide you with actionable insights to make these transitions smoother and more aligned with your personal goals. Hear firsthand experiences that will inspire you to finish well and find contentment on the other side of change.Tune in to ensure your life and financial transitions are as rewarding as your journey.

Welcome to "Your Life and Money," where financial planning isn't just about numbers—it's about your life. I'm Brad Smith, joined by Tim Borody, and each episode, we share inspiring stories from real people who have achieved their dreams through life-centered planning. In today's episode, we're excited to welcome a special guest, Anneline Breetzke, a successful business owner and a longtime client.In this episode, you'll discover:The power of aligning your money with your values and priorities.Anneline's unique journey from South Africa to Canada and her transition from teaching to entrepreneurship.The challenges and rewards of starting and growing multiple businesses.Insights into the importance of niching down and focusing on business development.The value of building a strong team and effective project management.How life-centered planning has supported Anneline in achieving her personal and professional goals.Join us as Anneline shares her story, the lessons she's learned, and the strategies that have helped her succeed. Her journey is a testament to the power of potential and the importance of planning for the future. Whether you're an aspiring entrepreneur, a seasoned business owner, or someone looking to align your finances with your life goals, this episode offers valuable insights and inspiration.Tune in to learn:How to identify and focus on your niche for business success.The benefits of having a dedicated business development team.The role of a project manager in ensuring smooth operations and growth.Practical tips for balancing personal drive with team collaboration.Strategies for effective financial planning and decision-making.Don't miss this inspiring episode that emphasizes the transformative power of aligning your life and money. Tune in and take the next step towards achieving your goals!

Ever wondered how to align your financial goals with your life aspirations? Welcome to "Your Life and Money," where we believe financial planning is not just about numbers but about crafting a life you love. Hosted by Brad Smith and Tim Borody, each episode brings you real stories from individuals who have achieved their dreams through life-centered financial planning.In this episode, we are thrilled to have Travis Forman, a key figure in financial planning and portfolio management, joining us. Travis shares his journey and insights into life-centered financial planning, offering invaluable advice for aligning your money with your values and priorities.Key Topics Covered:The importance of aligning money with life goals and values.Travis Foreman's dual roles at Harbor Funds and Strategic Wealth Council.The concept and benefits of private investment pools.Differences between private and public investments and why they matter.Practical advice on integrating private investments into traditional portfolios.What You'll Gain:Inspiration and motivation from real-life success stories.Expert insights into life-centered financial planning.Practical advice on how to align your financial plans with your life goals.Understanding the value and benefits of private investment pools.Join us on this journey to a life-centered financial plan, and let's make your money work for your life. Tune in now and discover the path to financial success that aligns with your dreams and priorities!

Welcome to "Your Life and Money," where financial planning is more than just numbers—it's about your life. I'm Brad Smith, joined by Tim Borody, and in this episode, we delve into the often overlooked yet crucial topic of life insurance. Discover how aligning your money with your values can pave the way to achieving your goals and dreams.In This Episode, We Cover:Understanding Life Insurance: Why it's a vital part of your financial plan and how it provides both provision and protection.Real-Life Examples: Stories of individuals using life insurance to meet their unique needs, including Tim’s personal experiences and a case study of a single-income family with special needs planning.Reviewing Your Insurance: The importance of regularly reassessing your policies to ensure they align with your changing life circumstances.Living Benefits of Insurance: An overview of disability and critical illness insurance, highlighting their significance and practical applications.Tailored Insurance Solutions: How to customize insurance policies to fit your specific requirements, ensuring peace of mind and financial stability.By the end of this episode, you'll gain valuable insights into making informed decisions about life insurance, ensuring your financial plan is robust and life-centered.Tune in to learn how to secure the best life possible with the time and money you have. Let's get started on your journey to a life-centered financial plan!

Welcome to "Your Life and Money," where we believe financial planning is not just about numbers, it's about your life. I'm Brad Smith, joined by Tim Borody, and in each episode, we share stories from real people who have used life-centered planning to achieve their goals and dreams. Today, we're diving into the world of risk management and insurance, with a focus on life insurance.Understanding the types of life insurance can be confusing, but we're here to simplify it. In this episode, we explore the history and evolution of life insurance, breaking down the three main types: whole life, term life, and universal life. We'll help you understand the differences, benefits, and which might be best for your specific needs.In This Episode, We Cover:The history and evolution of life insurance from the 1700s to the present day.The fundamentals of whole life insurance and its benefits.The concept of term life insurance and why it might be the right choice for many.The birth and advantages of universal life insurance.Common misconceptions about life insurance.Practical advice on choosing the right insurance based on your personal goals and financial situation.Benefits of Listening:Gain a clear understanding of the different types of life insurance.Learn how to align your insurance choices with your financial goals.Get practical advice on selecting the best life insurance for your needs.Discover how life insurance can play a crucial role in your overall financial plan.Tune in and take the first step towards a life-centered financial plan that aligns with your values and priorities. Don't miss out on this insightful episode of "Your Life and Money"!

Are you ready to transform your financial journey? In this episode of "Your Life and Money," hosts Brad Smith and Tim Borody dive deep into the art of aligning your finances with your values. We believe that financial planning is not just about numbers—it's about your life. Join us as we share real stories and practical advice to help you achieve your goals and dreams through life-centered planning.Episode Highlights:Decluttering Your Finances: Discover how decluttering your physical space can parallel decluttering your financial life.Aligning Money with Values: Learn the importance of matching your financial decisions with your personal priorities.Risk Management and Insurance: Understand the often overlooked but crucial pillar of financial planning.Philosophy of Risk Management: Explore our approach to risk management and how it fits into a life-centered financial plan.Provision vs. Protection: Shift your mindset from mere protection to provision and stewardship.Mortgage Insurance Insights: Get the lowdown on the differences between bank mortgage insurance and traditional term life insurance.Practical Tips and Real-Life Examples: Benefit from specific examples and actionable advice to manage your insurance needs effectively.This episode offers practical insights and valuable strategies to help you organize your financial life, align your money with your values, and make informed decisions about risk management and insurance. You'll gain inspiration and motivation to take control of your financial future with confidence. Don't miss this episode filled with expert insights and practical advice. Listen now to start decluttering your financial life and aligning your money with what truly matters to you.

Welcome to "Your Life and Money," where financial planning goes beyond numbers to enrich your life. I'm Brad Smith, joined by Tim Borody. In each episode, we share real-life stories of people who have used life-centered planning to achieve their dreams, alongside actionable advice to help you align your money with your values and priorities.In today's episode, we dive into the concept of return on life and how it can guide major life transitions. We discuss my recent personal experience of moving homes, a transition inspired by the Return on Life Index, and how this move aligns with our goals and enhances our lifestyle.In this episode, we cover:Understanding the Return on Life Index: How it evaluates various aspects of your life beyond finances.Major Life Transitions: Navigating the emotional and practical aspects of significant changes, such as moving homes.Aligning Your Home with Your Needs: Evaluating if your current residence meets your evolving needs and desires.Financial Planning Beyond Numbers: How focusing on quality of life can drive financial decisions.The Impact of Federal Budget Changes: Analyzing recent budget changes and their effects on housing and capital gains.Strategies for Wealth Transfer: Practical advice on minimizing tax burdens during wealth transfer, with a focus on life insurance.Benefits of Listening:Gain insights on how to align your financial decisions with your life goals.Learn practical strategies for managing major life transitions.Understand the implications of recent federal budget changes on your finances.Discover expert tips on minimizing taxes during wealth transfer.Tune in to this episode for valuable insights on how life-centered planning can enhance your financial and personal well-being. Let's embark on this journey together to achieve a fulfilling and financially secure life.

Welcome back to "Your Life and Money," where we delve deep into the intersection of financial planning and personal values. In this episode, we continue our conversation with Christine Tessier as she unpacks the megatrends shaping our economic landscape.In part two of our discussion, we explore how demographic shifts, geopolitical tensions, clean energy initiatives, and the rise of AI and machine learning are impacting investment strategies and financial planning decisions. Christine provides expert insights into these trends and offers practical advice for investors navigating uncertain times.Key Points Covered:Demographic Shifts:Aging populations and its implications on wealth transfer and workforce dynamics.Population migration and its impact on housing, healthcare, and labor markets.Work trends among different demographic groups and their influence on real estate investments.Geopolitical Tensions:Rising global tensions and their inflationary effects on markets.Implications for industries like transportation, infrastructure, and food stability.Anticipated regulatory changes and their impact on market dynamics.Clean Energy Initiatives:The intersection of environmental sustainability and economic considerations.Risks and opportunities associated with clean energy investments.Regulatory changes and their effects on energy infrastructure and investment strategies.AI and Machine Learning:The transformative potential of AI and machine learning in various sectors.Anticipated challenges in pricing productivity gains and managing risks.Regulatory concerns and the need for innovation in the face of technological advancements.Investment Strategies:Diversification strategies in response to changing economic conditions.Considerations for private debt and real estate investments.Balancing risk and opportunity in a volatile market environment.Gain valuable insights into investment opportunities and risk management strategies in the face of evolving megatrends. Learn how to align your financial goals with broader economic shifts and position yourself for long-term success.As we navigate the complex landscape of global megatrends, understanding their implications on our finances is more crucial than ever. Tune in to gain expert insights and actionable advice to thrive in an ever-changing economic environment. Don't miss out on this insightful episode of "Your Life and Money."

Welcome aboard to "Charting Paths," where we navigate the twists and turns of financial markets with expert guidance. In this special two-part episode, we dive deep into the realm of economic uncertainty and portfolio management with Christine Tessier, the Chief Investment Officer of Harbourfront Wealth Management.In Part 1, we kick off our discussion with an exploration of the current economic landscape, analyzing the contradictory signals and trends shaping market dynamics. From inflation concerns to interest rate fluctuations, we unravel the complexities of today's financial world.Key Points Covered:Understanding the significance of aligning financial decisions with personal values and priorities.Exploring the theme of uncertainty in economic data and market projections.Insights into inflation trends, interest rate forecasts, and their impact on investment strategies.Analysis of the Canadian federal budget and its implications for investors.Christine's recommendations on diversified asset allocation and portfolio management strategies.Highlighting the importance of comprehensive financial planning amidst economic fluctuations.Practical Takeaways for Listeners:Gain valuable insights into navigating economic uncertainties and making informed investment decisions.Learn how to diversify your investment portfolio across various asset classes for long-term growth.Understand the significance of aligning financial goals with personalized life-centered planning strategies.Explore practical tips for optimizing your financial plan in response to changing market conditions.Tune in to Part 2 of our conversation with Christine Tessier as we delve deeper into economic megatrends and actionable strategies for building a resilient financial future. Don't miss out on this insightful journey toward financial empowerment and stability.

Welcome to another episode of "Your Life and Money," where we delve into the intricate relationship between financial planning and life's deeper values. In this episode, we revisit key insights from a recent interview and explore the profound impact of aligning money with personal truth.Key Points Covered:Reflections on an interview with Paul, emphasizing the importance of embracing mortality and living authentically.The significance of telling the truth about money and dispelling misconceptions in financial planning.Contrasting traditional product-centric approaches with a focus on lifestyle desires and financial sustainability.Addressing societal shifts towards prioritizing life experiences over excessive accumulation.Core values driving meaningful financial planning and client-centered strategies.Benefits for Listeners:Gain insights into embracing mortality and aligning financial decisions with life goals.Understand the transformative power of truthful financial planning beyond product comparisons.Explore strategies for creating a life-centered financial plan that prioritizes personal fulfillment.Engage with thought-provoking discussions on wealth stewardship and legacy planning.Thank you for tuning in to "Your Life and Money." Remember, financial planning is not just about numbers—it's about living the life you desire. Stay tuned for more inspiring stories, insights, and strategies to enrich your money and your life.

Welcome to "Your Life and Money," where we delve into the transformative power of life-centered financial planning. Join hosts Brad Smith and Tim Borody as they explore stories of real people who have aligned their finances with their life goals and dreams.In this episode, Brad is joined by Paul Armson, a trailblazer in the financial planning industry who challenges conventional wisdom. Paul shares insights from his book, "Enough," which redefines the purpose of financial advising and empowers individuals to live their best lives without financial worries.Key Points:Aligning Money with Values: Discover the importance of aligning your financial decisions with your values and priorities.The Frustration of Traditional Financial Planning: Learn why Paul Anson felt compelled to challenge the status quo of the financial industry and redefine financial advising.Life-Centered Financial Planning: Explore the concept of life-centered financial planning and how it prioritizes clients' life goals over financial products.Moving Beyond "If Only": Understand the profound impact of living life to the fullest and avoiding regrets, as illustrated by personal experiences shared by Paul Anson.The Realization: Gain insights into Paul's journey and how personal experiences, including the loss of a loved one, shaped his perspective on life and financial planning.Practical Insights and Benefits:Gain a deeper understanding of how financial planning can enrich your life beyond mere numbers.Learn practical strategies for aligning your financial decisions with your life goals.Be inspired to embrace a life-centered approach to financial planning and prioritize what truly matters to you.Join us as we challenge the traditional norms of financial advising and embark on a journey to living a life of fulfillment and abundance. Tune in to "Your Life and Money" and start transforming your financial future today!

Welcome back to another episode of "Your Life and Money," where we dive deep into the world of financial planning, believing that it's not just about numbers but about crafting a plan that aligns with your life. I'm your host, Brad Smith, joined by the insightful Tim Borody. Today, as we find ourselves amidst tax season, we're addressing the common questions flooding our inbox.In this episode, we unravel the complexities of financial decisions, focusing on tax refunds, investment options, and the intricate dance between mortgages and savings. From RRSPs to TFSAs and the recently introduced First Home Savings Account, we'll guide you through the maze of choices to help you make informed decisions.Key Points Covered:Unpacking the age-old question: "I got my tax refund, now what?"Navigating the terrain of RRSPs and TFSAs: Understanding the benefits and limitations.The game-changer: First Home Savings Account - How does it compare to traditional options?Strategies for couples: Leveraging both partners' contributions for maximum benefits.Homeownership dilemmas: Paying down the mortgage vs. investing in TFSA - A personalized approach.The evolving landscape: Why there's no one-size-fits-all answer to financial questions.Learn the nuances of RRSPs, TFSAs, and the First Home Savings Account.Understand the implications of paying down your mortgage vs. investing in tax-free savings.Gain insights into crafting a personalized financial plan that aligns with your goals.Explore strategies for maximizing benefits as a couple in the realm of home savings.Tune in to "Life and Money" for real stories, expert advice, and a journey towards a life-centered financial plan. Because your financial journey is not just about money—it's about your life.

Welcome back to "Your Life and Money," the podcast that goes beyond the numbers and dives deep into the intersection of life and financial planning. I'm Brad Smith, joined by Tim Borody, and in this episode, we are joined by tax expert Angelique Gray, CPA CA. to discuss the key aspects of the 2023 tax season.In this insightful episode, we break down the important changes and considerations for individuals and businesses as they navigate the evolving landscape of tax regulations. From practical tips on preparing for tax filing to the impact of recent tax changes on various financial scenarios, this episode is packed with valuable information to empower you in making informed financial decisions.Key Topics Covered:The shift from the $2-a-day home office deduction and its implications for 2023.The importance of providing paper slips to accountants despite the increasing digitization.Changes in tax credits, including the elimination of the staycation credit for 2023.Practical advice on paying taxes online and avoiding penalties for amounts exceeding $10,000.Updates on housing-related tax considerations, including the new first home savings account.Insights into the multigenerational renovation credit and its impact on home improvements.A detailed overview of the underused or unused housing tax and who needs to be aware of it.New rules and reporting requirements for trusts, especially bear trusts.The upcoming changes in intergenerational business transfers and the introduction of AMT (Alternative Minimum Tax).Whether you're an individual taxpayer, business owner, or someone navigating the complexities of trusts and housing, this episode provides a roadmap for understanding and optimizing your financial situation in 2023. Join us on this journey to financial empowerment and gain valuable insights for a successful tax season. Tune in now and stay ahead of the curve in managing your life and money!

Welcome to Your Life and Money, where we believe that financial planning is not just about numbers; it's about your life. Join hosts Brad Smith and Tim Borody as they delve into the world of life-centered planning, sharing inspiring stories and valuable advice from real people who have achieved their goals. In this episode, they are joined by special guest Angelique Gray.Key Points:The importance of aligning financial success with values and priorities.Angelique's journey into accounting and her experience.Insights into the diverse clientele and services provided by the firm.The significance of early and collaborative planning for financial success.Addressing common questions and concerns related to tax planning and financial decisions.The value of a seamless collaboration between financial planners and accountants.Angelique's personal and professional life, including family and the joy of working with clients.Learn about the benefits of aligning your financial goals with your values and priorities.Gain insights into the world of accounting and the importance of early tax planning.Understand the value of collaboration between financial planners and accountants for comprehensive life-centered planning.Discover practical tips and considerations for making informed financial decisions.Tune in for more inspiring stories, expert insights, and practical strategies to help you navigate your life and money. Remember, financial planning is about more than just money; it's about planning for the life you deserve. Until next time, take care and keep planning!

Welcome to "Your Life and Money," where financial planning is more than just numbers—it's about aligning your money with your values and priorities. Join hosts Brad Smith and Tim Borody as they share stories of real people who have achieved their goals through life-centered planning. In this episode, the hosts delve into the fascinating topic of wealth languages, exploring how different individuals approach money and financial planning.Highlights:Introduction to Wealth Languages: Brad and Tim discuss the concept of wealth languages and how understanding them can enhance financial communication and relationships.The Four Quadrants: The hosts explore the four wealth languages by breaking them down into quadrants based on risk and time perspectives.Stability Wealth Language: Focused on low-risk and immediate-term financial stability.Future Wealth Language: Concentrated on low risk but with a focus on the long term.Moment Wealth Language: Thriving on short-term high-risk opportunities and living in the present.Opportunity Wealth Language: Embracing high-risk, long-term opportunities and entrepreneurial endeavors.Strengths and Challenges: Brad and Tim discuss the strengths and potential challenges associated with each wealth language, offering insights into how these traits manifest in different individuals.Interactive Activity: The hosts encourage listeners to identify their primary and possibly secondary wealth languages by considering what they would spend a meaningful sum of money on if it fell into their laps tomorrow.Building Understanding and Collaboration: The episode emphasizes the importance of recognizing and appreciating different wealth languages to facilitate effective communication and collaboration, especially in relationships where partners may have varying approaches to money.Tune in to gain valuable insights into your financial mindset and discover how understanding wealth languages can lead to better financial planning and enriched relationships. Don't miss the chance to unlock the secrets behind the ABCs of financial communication!

Welcome to "Your Life and Money," where financial planning goes beyond numbers and dives into the essence of your life. Join hosts Brad Smith and Tim Borody as they share inspiring stories of real people who have achieved their dreams through life-centered planning and valuable advice.In this episode, Brad and Tim introduce powerful tools designed for 2024, focusing on retirement planning and investments. They emphasize the importance of aligning your money with your values and priorities for financial success. The hosts explore tools that evaluate your confidence in retirement plans, addressing risks, inflation, and the often-overlooked aspects of post-retirement life.Key Topics:Overview of life-centered planningIntroduction to new tools for 2024Retirement planning and investment alignmentEvaluating confidence in retirement plansUncovering risks and addressing inflationThe significance of ongoing plan supervisionUtilizing tax strategies for financial successThe role of financial planning in lifestyle improvementEncouraging engagement and regular plan reviewsNavigating the complexities of estate planningInterview with client Tim on the benefits of financial planningAchieving early retirement through a flexible financial planThe three C's of financial planning: Clarity, Confidence, and ChoiceDiscover how life-centered planning and the introduced tools can provide clarity, boost confidence, and offer choices in your financial journey. Gain insights into retirement planning, investment alignment, and the benefits of early financial planning from a real client's perspective.Tune in to "Your Life and Money" and embark on the journey to a life-centered plan that goes beyond numbers, creating a roadmap for financial success aligned with your unique values and priorities.

Welcome to "Your Life and Money," where financial planning goes beyond numbers to shape your life. Join hosts Brad Smith and Tim Borody as they kick off the first episode of 2024 with a deep dive into the exciting world of life-centered planning. Discover real stories of individuals achieving their dreams through strategic financial planning and gain valuable advice to apply to your own journey.Episode Highlights:Aligning Money with Values: Explore why the key to financial success lies in aligning your money with your values and priorities.Optimism for 2024: Brad shares his optimistic outlook for the year ahead, discussing the adaptability of humanity and the potential impact of artificial intelligence.The Role of AI in Financial Planning: Tim and Brad delve into the role of artificial intelligence in financial planning, discussing challenges and opportunities.Financial Planning Scorecard: Learn about a comprehensive financial planning scorecard that provides a personalized roadmap. Discover how it addresses crucial questions about sufficiency, future expenditures, and confidence in financial goals.Improving Relationships through Financial Planning: Understand the interconnected nature of financial planning and relationships. Explore how creating experiences with loved ones can impact your financial plan.Upcoming Episodes: Get a sneak peek into the next episodes covering retirement planning, estate planning, and a special guest speaker.Join Brad and Tim on the journey to a life-centered plan. Sit back, relax, and let's make 2024 a year of financial empowerment and fulfillment! Tune in now and embrace the possibilities that life-centered financial planning can unfold in 2024!