WealthBeing

Ep. 56 – How to talk to your family about money, with Harpreet Grewal

February 25, 2021 Island Savings - Valley First - Envision Financial - Enderby & District Financial | Divisions of First West Credit Union Season 2 Episode 56
WealthBeing
Ep. 56 – How to talk to your family about money, with Harpreet Grewal
Show Notes

Some financial topics are easy to discuss with your loved ones – while other money matters are easily forgotten (or avoided). This week Kevin, Sheena and Travis talk with Harpreet Grewal, Envision Financial Branch Manager, about tips and scenarios that you can learn from to have productive financial conversations with your own family.

1:40 What’s hot in money: Important financial dates you don’t want to miss.

4:30 Expert Examination:

·         What to know before approaching a financial conversation with family.

·         Ways to talk to children about money throughout their childhood.

·         Matters that are meaningful to every partnership.

·         To bail out your family financially – or not?

·         Handling conversations about estate planning.

·         Subjects that you could – and should – discuss with your family.

·         Would a financial advisor make money conversations easier?

38:00 Financial Fix: Think ahead this week and make sure the people who might inherit from you are aware and prepared.

Take the Financial Times money psychology quiz: https://ig.ft.com/sites/quiz/psychology-of-money/

If you have an undiagnosed financial concern or want to better understand a financial subject, send Kevin, Sheena and Travis your question at wealthbeing@firstwestcu.ca, and we will consider it for a future episode.

 


On every episode

Being in good financial health makes you feel at ease every day. You are free to pursue your goals and prepared to manage your future needs. Could your pocketbook be in better shape? 

If life has thrown you a financial curveball, or if you just want to be more in control of your money, tune-in to WealthBeing. Every week, we diagnose a spending, saving, borrowing, investing, or other financial problem to provide simple advice that can help you thrive.

You’ll hear about real-life financial challenges that our Island Savings, Envision Financial, and Valley First hosts, expert guests and our members have encountered. We’ll share the time-tested financial solutions we recommend to members. And every week you’ll receive a simple strategy that you can use right away to improve your financial health.

Our WealthBeing Hosts

Travis Koivula

B.Eng, CFA, CFP®, CIM, FCSI, CIWM

Senior Wealth Advisor | Senior Investment Advisor 

Island Savings Insurance Services | Credential Securities

Travis has been serving the financial needs of members in the Credit Union system since 2007 and is one of the most accredited financial advisors in Canada. He holds the globally recognized Charted Financial Analyst (CFA) designation, passing all three tests on his first attempt. In addition he is a Certified Financial Planner (top 1% of his class), Canadian Investment Manager (CIM), Fellow of the Canadian Securities Institute (FSCI) and a Chartered Strategic Wealth Professional (CSWP).

Sheena Sanders

Wealth Planning Specialist, Valley First

Sheena meets every client with a fervent desire to create a uniquely remarkable experience. As an accredited Certified Financial Planner, a Registered Retirement Consultant and a Responsible Investment Specialist, her array of knowledge and experience means that Sheena leave no question unanswered and no opportunity ignored. For people who seek help with retirement, education, investment, and succession planning, Sheena is a natural person to have on their team. Clients benefit from her strategic approach and “big picture” mindset that incorporates tax optimization ESG principals and integration.

Kevin Lehman<