The One Where There’s a Difference Between Expecting and *Expecting* an Inheritance
None of us are ready to imagine a future without our parents in it. Full stop, fingers crossed, wood knocked, etc, etc. We’d all prefer to have our parents around until we die, thankyouverymuch, with no inheritance to speak of because they spent every last red cent on living long, healthy lives.
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.
Because Money Podcast Team
Sandi Martin is a financial planner at Spring Financial Planning, and works with regular folks to figure out what they want their money to do for them and the simplest, smartest way to do it. She’s an occasional blogger, mother of three, and frequent, loud laugher (you’ll see).
Chris Enns is a financial planner at Rags to Reasonable, where he works with artists and other folks with variable and sometimes unusual sources of income. He is a passionate servant of his community, a Mennonite farm boy, an opera singer and actor…and he makes a mean pie. Just try to avoid seeing his desktop. (Chaos! Anarchy!)
John Robertson, PhD, is the author of The Value of Simple and teaches regular people how to become DIY investors through his online course Practical Index Investing for Canadians. He also investigates deep money questions and goes on rants on his blog HolyPotato.net. Oh yeah, he’s a scientist too. #smartestguyintheroom (He didn’t write that last part.)
MuhammadYasir Dewji is a software developer, a new-ish father, and – if you can believe it – MYD just showed up in Jackson’s inbox one day last spring, offering to convert past seasons to audio files and turn this thing into an actual podcast. He’s just that nice. (We knew he’d fit in because he’s facing the same way in his profile picture.)
Because Money Season 4
For your viewing pleasure, simply click into an episode from the list below. You won’t regret it. We promise.
The One Where There's a Difference Between Expecting and Expecting an Inheritance None of us are ready to imagine a future without our parents in it. Full stop, fingers crossed, wood knocked, etc, etc. We’d all prefer to have our parents around until we die,...read more
The One Where Robo-Advisors Haven't Saved the World...Yet You might remember from our episode on robo-advisors in Season Three that Sandi and John have spent abnormal amounts of time thinking about robo-advisors, to the point where they built a calculator to compare...read more
The One Where No One Has the Right Disability Insurance What does Chris need but doesn’t want, Seth doesn’t need but Sandi wants, and John’s family want and need but couldn’t have? (It’s not Nanny MacPhee, in case you’re wondering, although that would be the Best...read more
David O'Leary and John from Burlington: One of these guys is going to change the world You don’t want to miss the story of how David O’Leary started out as an English Literature major, got into the market as a newbie leveraged investor just before the 2000 tech bubble...read more
Mimi Comes to Call If you’re an opera fan (and who’s not?), you probably know Mireille Asselin, and if you don’t, you should. She’s also Chris’ Number One Favourite Person, and she’s on the show this week so we can have a real conversation about how they manage their...read more
Why Talking About Money is an Absolute Game Changer It’s Season FOUR of Because Money, can you believe it? Even more surprising: all three of us were in the same room together to record this episode, and the world didn’t explode (because of us...that we know of...so...read more
Because Money Season 3
Just like in the previous section, for your viewing pleasure, simply click into an episode from the list below. You still won’t regret it.
Preet and Everything It's the last episode of Season Three, and because we don't want to see you fall victim to the summer slide, we're talking to Preet Banerjee about enough interesting stuff to keep you thinking until Season Four drops this fall, like: 0.33 - Why...read more
Chris and John Talk Through Rent vs. Buy Chris knows all the buttons to push to get John, our resident housing bear, to pull out his rent vs. buy calculator: 1:37 - How should we start thinking about real estate 6:30 - Is renting just a phase of life 10:24 - Is there...read more
Communal Living with Rob Bancroft This episode has everything: a quiz that Sandi spectacularly loses, a guest that digs into the nitty gritty of communal living, and a fight with a (housing) bear. Join us and our guest Rob Bancroft if you're at all interested in the...read more
Your Magic Number with Avraham Byers It's the one, the only Avraham Byers, Personal Financial Trainer, here to ring your doorbell every morning with $150, make awesome beard jokes, and talk about his recent (and fabulously simple) ebook Your Magic Number. Highlights...read more
Can Regulation Make Advice Better? How can you be certain that the advice you're getting from a professional (an accountant, a lawyer, a doctor...a financial planner) is trustworthy? Is it enough to judge the advice based on how well you know and like the person...read more
Chris and Sandi Think Through RRSP Loans In a departure from our normal format, Chris and Sandi spend this episode talking through their thoughts about RRSP Loans...twice. Why twice? Turns out we had more to say. Why audio-only? Chris wanted to test his show-editing...read more
Because Money Season 2
We promise, there is lots of gold in our archives.
On this final episode of Because Money Season Two, we thought we'd spice it up and talk about something we don't necessarily agree on: advertising, brand partnerships, and advertorials on personal finance blogs, and - bonus - we're joined by Season One co-host Robb...read more
The Journey Towards Minimalism How do you deal with "stuff"? You know... the "stuff" that surrounds you... all the time. Do you have boxes of "stuff" that you haven't looked in for 27 years but simply can't bring yourself to get rid of? This episode is for you. This...read more
Common Mistakes Entrepreneurs Make This episode we're joined by Richard Finnie, founder of thelaunch.ca, and initiative designed to encourage collaboration with entrepreneurs. He's no stranger to podcasting himself, since as part of thelaunch.ca he hosts his own show...read more
Freshbooks. This Entire Episode is About Freshbooks. Period. Although this episode was supposed to be a roundtable Brady bunch type discussion about our favourite financial apps (we did kinda get there), the first half of this episode is spent extolling the virtues of...read more
Getting Ahead On this episode of the Because Money Podcast, we are joined by Tom Drake, white collar by day, finance blogger by night. Chances are if you have spent anytime on the internet reading personal finance blogs, you have come across something penned by Tom....read more
Who Cares Who Had It Worse? Do Millennials really have it worse? Or did Boomers really grow up walking to school uphill both ways? Does it really matter? That is where the conversation started, but it's certainly not where it ended. On this episode of the Because...read more
Because Money Season 1
Seriously, we mean it. They’re good.
Wealthy Rabbits with RRSPs Special Guest Robert R. Brown Robert R. Brown is a freelance personal finance writer and the author of Wealthing Like Rabbits – An Original Introduction to Personal Finance. He lives in Ajax, Ontario with his wife Belinda and their three...read more
Eric, Ilsa, and Us Special guest Alexandra Macqueen Alexandra Macqueen is a Certified Financial Planner, retirement income specialist, co-author of the (soon-to-be) newly revised book Pensionize Your Nest Egg, and very gracious about usually being the smartest and...read more
It's our last episode of 2014, and - in the spirit of the coming New Year - we're talking budgets. The Christmas bills are about to start rolling in, which means 'tis the season for resolving to control your money this year. We want you to stick to it, so in this...read more
Teaching Kids About Money On episode 24 of the Because Money Podcast we are joined by Caroline Munshaw and Jenni Bolton of Cent$ible Students. They are self-proclaimed "money-moms" and work with kids in the school system from K-8 teaching financial literacy. Cent$ible...read more
This week we are joined by John Robertson PhD to discuss the credibility of online anonymous financial advice. Also John gives some highlights from his new book "The Value of Simple" to be released in early December 2014. *Updated Nov. 11 2014 Here is an excellent...read more
If you want something done about something, you send an email directly to Ellen Roseman and consider it case closed. Ellen has been a consumer advocate since before "consumer advocacy" was a thing, standing up to corporate giants and getting answers. Ellen Roseman is...read more