Ep. 71 – The best (and worst) ways to get paid, with Rick Keller

June 27, 2021 Island Savings - Valley First - Envision Financial - Enderby & District Financial | Divisions of First West Credit Union Season 2 Episode 71
Ep. 71 – The best (and worst) ways to get paid, with Rick Keller
Show Notes

It’s said that the best dollar earned is a tax-free dollar, but what does what mean when it comes to gratuities, side hustles and flipping assets? In this week’s episode of WealthBeing™, Kevin, Sheena and Travis settle in to hear from Accountant Rick Keller on some common misconceptions around taxation, strategies for taking advantage of tax sheltering vehicles and how to grow your wealth through careful tax planning.

3:00 – Hot In Money: Does the old adage “sell in May and go away” hold any good advice for your investment choices this year?

5:00 – Expert Examination:

  • Get rich quick – is there such a thing? 
  • Tax implications of cryptocurrency assets 
  • Taking more money home through employer benefit programs 
  • Retirement allowances – should people be thinking about taxes? 
  • How much do you actually need to claim from tips and gratuities? 
  • Is a side hustle worth the time investment with additional taxes? 
  • Does e-commerce live up to the earning hype?

47:30 – Financial Fix: Sheena’s suggestion will have you trading clutter for cash – and stashing it away.

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

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Travis Koivula

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, is a Certified Financial Planner, 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

As an accredited Certified Financial Planner, a Registered Retirement Consultant and a Responsible Investment Specialist, Sheena's array of knowledge and experience means that no question goes 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. 

Kevin Lehman

Regional Manager, Business Banking, Envision Financial

When asked who has made the biggest impact in your life, does your financial advisor come to mind? If you've met Envision Financial’s Regional Manager of Business Banking, Kevin Lehman, he's likely one of your personal game-changers. After attending the University of the Fraser Valley, Kevin’s search for new opportunities led him to Envision Financial and it is here that his "seize the day" approach to life propelled him to complete the Canadian Investment Funds Course, receive his mutual fund license and lead a team of business banking advisors to help local companies thrive.