Rank #1: S5 Ep6 | Couple Money: Owen & Susan
Well, we say "forced"...but it didn't take too much effort on our part, because it turns out that this married couple with young kids has their money communication strategy down cold. It's a beautiful thing to see, and we're excited to share it with you.
5:30 - Owen and Sue's amazing, incredible, all powerful money meeting
12:10 - What changed when they had kids?
15:15 - Why Sue budgets in a Word Doc (and Owen DOES NOT)
25:03 - What would Owen and Sue do with a surprise $3,000?
26:10 - How do they figure out what's 'fairsies'?
32:50 - What's the advice you would give to other couples managing their money?
Jan 23 2019
Rank #2: S5 Ep9 | How We Plan
1:40 - Kate talks about how she sets goals
8:40 - Why Sandi is resisting setting personal goals
15:05 - Who are you when you're not working (and why that matters in retirement)
25:40 - Income goals and whether they work...or not
36:00 - The metrics that matter (spoiler... 'matter' is subjective')
43:40 - What we're working on for 2019
Mar 20 2019
Rank #3: S5 Ep7 | Retiring On A Low Income With John Stapleton
8:50 - How the wrong advice can cost a low income earner up to $60,000
12:10 - The issue of clawbacks (rawr)
18:30 - Is the problem a lack of advocacy or a lack of political will
22:40 - Could Basic Income help?
40:08 - The difference between tax credits and tax deductions
Feb 06 2019
Rank #4: S5 Ep13 | Dangerous Defaults
2:30 - John doesn't need to iron his shirts to feel like a grownup
9:00 - You don't have to buy a house for Aunt Jo
20:49 - What Kate thinks being an adult is
30:22 - How do you not fall into these defaults?
45:25 - There's a social cost to forging your own path
May 22 2019
Rank #5: S5 Ep11 | Money & Mental Health
3:00 - Kate breaks down her last 6 months
10:35 - At what point is the 'ideal job' a luxury you can't afford
15:05 - The things that help: setting the non-negotiables
26:20 - What are the right things to say to the people in our lives living with mental illness
32:50 - You are allowed to be your whole self in all the places where you are
Apr 17 2019
Rank #6: S5 Ep3 | Affording Ethics
4:30 - I feel like we should be paying more for things & nudges
9:55 - Plastic straws vs A/C and low-stakes vs high stakes and virality
11:25 - When you feel like you can afford to make ethical choices
17:00 - Money is a thing that happens to people
25:00 - Can I afford to enact change? When is enough?
28:50 - My money is to create a barrier between me and work I don't feel safe at
36:30 - When approaching from averages makes sense
Nov 28 2018
Rank #7: S4 Ep13 | The One Where Kate Is Making Space for Conversation
14:13 - The power of vulnerability
19:40 - Why you don’t need to know all the things to help people
23:41 - How do you start a money conversation with people who have no interest in talking about money?
24:00 - How the personal finance world is kind of like a fandom, and can be inaccessible to non-fans
32:50 - How Kate has connected social media coaching with personal finance
38:08 - Does the work have to happy one-on-one?
44:39 - Should you tell your friends if they’re eating raw chicken?
58:55 - Chris rants so hard he gets a foot cramp
Apr 18 2018
Rank #8: S5 Ep10 | In A World Where Rules of Thumb Rule the Day
5:30 - John talks about what averages are actually good for
15:08 - Sandi breaks down how she figures out when you're going to die
18:12 - Chris talks budgeting rules of thumb
24:11 - Rules of thumb vs customized advise
32:24 - Global warming and looking out for 'future us'
38:23 - Does working with rules of thumb make finances seem more possible
45:00 - Is getting it wrong catastrophic?
Apr 03 2019
Rank #9: S5 Ep4 | Ethical Investing With Tim Nash
4:30 - What's in an anarchist's portfolio
6:46 - How Tim does what he does
15:15 - What's new in the SRI space?
21:20 - Ethical investing, for-profit prisons and the CPP
24:40 - The effect of SRI on the market (and the evil companies you love to hate)
37:36 - What would Tim do if he won the lottery tomorrow?
Dec 12 2018
Rank #10: S5 Ep5 | Does Everyone Need Financial Advice
Jan 09 2019
Rank #11: S5 Ep12 | Breakups
3:44 - The underlying conversation - What if we don't make it?
17:55 - You can't celebrate feelings and finance
18:35 - The difference in the definition of 'common law'
27:15 - What's the 'right' answer for mythical financially excellent adults?
37:02 - If communication is impossible... maybe it's time to bring in some help...
May 02 2019
Rank #12: S5 Ep8 | Death And Taxes... Well, Just Taxes
7:15 - It's your job to know, and we think that's stupid
17:04 - Chris talks about the tax disasters in his past
23:19 - John talks about what has surprised him in the tax world
37:40 - The misconceptions around deductions
45:05 - Some thoughts for people who don't file their taxes
Feb 21 2019
Rank #13: S5 Ep2 | Planning To Get Sick
2:29 - What can you actually do when crisis hits?
8:23 - Chris brings up Universial Basic Income
17:51 - What supports are available in a crisis?
22:00 - Sandi says something really smart about hindsight
Nov 15 2018
Rank #14: S4 Ep12 | The One Where RESPs are Between 3 and 24 percent complicated
Well, we still haven’t managed to get him on the show, but here’s the next best thing: we asked him what he wanted us to talk about, and he sent us a long list of questions to answer about RESPs. There are a few 101 questions, lots of 201 questions, and even a few 301 and graduate level ones. Thankfully, we got the list before we recorded the show!
2:14 - Family Plan vs Individual Plan
5:28 - RESPs Basics and Terminology
14:09 - Why Scholarship Trust Funds are the absolute worst
20:02 - For gifted children is there a lower age limit to RESP withdrawals?
22:02 - What happens if you want to open an RESP later in life?
26:00 - What’s the best way to set up an RESP for a child that isn’t related to you?
31:08 - What if there’s a falling out between the subscriber and beneficiary?
34:54 - What happens to an RESP if you die before the child is ready for the money?
41:30 - Where should I go to open an RESP?
51:33 - How should you change your asset allocation over the lifecycle of an RESP?
Apr 04 2018
Rank #15: S4 Ep11 | The One Where We Plan to Plan for Emergencies
In this episode we talk about practicing for an emergency (kind of like a fire drill), what happens when an emergency hits after you’ve started preparing for it but before you’ve finished, and speculate wildly about how many people view withdrawing from their emergency fund as an event almost as bad as the emergency itself.
TL;DR emergency preparedness is good
3:23 When you’re preparing for an emergency that arrives too soon
4:46 What Sandi did automatically when Seth’s boss stopped paying him
9:26 What constitutes and emergency, anyway?
17:11 The most stressful life events
18:46 Giving yourself permission to respond however you can
33:23 The rules are great until they’re not
36:10 What John did automatically when Kelly got sick
43:06 Playing the stress-test game on your lifestyle
44:06 What a prepared family looks like and how increasing flexibility & practicing what you’ll do creates emergency superstars
Mar 21 2018
Rank #16: S4 Ep10 | The One Where We Talk About Our Aging Parents
4:56 - The gang gets real about talking to their parents about money
11:36 - What are the important things for you to know about your parents money?
17:30 - What are the expectations around longterm care?
21:40 - Separating the money from the feelings
26:20 - Using technology as an excuse to start the conversation
29:33 - Sandi figures out something huge
38:04 - We make resolutions … and Sandi cries
Mar 08 2018
Rank #17: S4 Ep9 | The One Where Insurance is Important But the Industry Sucks
Plus,friend of the show Julia Chung, who you may remember from An American in Paris (Ontario) returns to drop some insider insurance knowledge on us, including who to call when you need to make a claim, the nasty shock that might be hiding in your group policy, and how to get over fEeLiNgS and just get insured already.
7:25 - Debunking disability excuse #1 - “I could do my job with broken arms and broken legs”
15:56 - Do you have short term disability insurance
18:54 - Horror story #1 - Why you have to understand your policy
26:40 - What’s a non-evidence limit (and why does it matter)?
29:15 - What does your spouse need to know about your insurance?
36:16 - Reframing why you should get disability insurance right now (and the story of how Chris did just that)
43:26 - What happens to your employer disability insurance when you leave your job?
46:44 - A few thoughts on mortgage insurance
52:38 - Is long term disability insurance taxable? … it depends
Feb 20 2018
Rank #18: S4 Ep8 | The One Where Shannon Lee Simmons is Amazing
You - for real - do not want to miss this.
2:15 - How did Shannon grow up talking about money
10:13 - How to tell your friends you don’t want to spend $80 on dinner
14:24 - The words that matter in finance - safe and happy
20:40 - How to build habits of self reflection
32:15 - Curing the problem of financial struggle… instead of just treating it
35:10 - Professional vulnerability… how to be an expert while baring your soul.
42:31 - Letting go of past mistakes
Feb 07 2018
Rank #19: S4 Ep6 | The One Where There’s a Difference Between Expecting and *Expecting* an Inheritance
But - since this is the darkest timeline and our parents won’t be around forever - should we be accounting for their money in our financial plans? Is it silly to pretend that there will be nothing (unless there really will be nothing)?
In this episode, we’re talking inheritances: who expects one, who doesn’t, whether we should incorporate them into our financial plans today, and the difference is between expecting an inheritance and expecting an inheritance.
6:58: Should we be considering our parents money when doing retirement planning?
8:56: Can factoring in your parents money get you kicked out of the will
12:11: What assets are necessary for my parents to use in their later life?
13:53: Considering the family cottage
19:33: What’s reasonable to expect?
22:04: What if talking about it makes it worse?
24:54: What’s the consequence TODAY of you counting on or not counting on your parents money?
29:58: John says side hustle… everybody drink
32:12: Does the conversation change when your parents get older?
37:16: What to do first? Start talking…
38:21: Apples to Apples - aging parents edition
Nov 22 2017
Rank #20: S4 Ep5 | The One Where Robo-Advisors Haven’t Saved the World Yet
Well, they’ve sold the calculator (to our Season 2 host, Kyle and his partner in crime Justin), and in this episode we talk about what the robos have done right in the last three years and what they can still improve on.
5:28 - What are robo advisors doing wrong
9:10 - Why ‘time on device’ is not a great metric
13:19 - Is it a robo advisor’s job to educate their users?
20:03 - A rant against being ‘better than nothing'
23: 53 - Do robo advisor’s really provide advice?
28:58 - How do we want to see robos grow in the future?
32:31 - Debunking the idea of ‘transparent fees’ with robo advisors
39:53 - The responsibilities of an industry that bills themselves as a disruptor
47:55 - Portfolio complexity leads to fee complexity
Nov 08 2017