Afleveringen
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What if your mortgage could help you build wealth, reduce taxes, and strengthen your retirement plan at the same time?
Many Canadians are focused on paying off their mortgage as quickly as possible. But what if there was a smarter way to use your home equity while building an investment portfolio for the future?
Financial educator and author Robinson Smith joins Sybil Verch to explain the Smith Manoeuvre, a uniquely Canadian strategy that helps homeowners convert non-deductible mortgage debt into tax-deductible investment debt. Together, they break down how the strategy works, why it has helped Canadians for decades, and what homeowners need to know before deciding if it's right for them.
You'll learn how a re-advanceable mortgage and HELOC can be used to create long-term investment opportunities, the role tax deductions can play in accelerating wealth building, and why discipline is often more important than the strategy itself. Robinson also explains the most common mistakes people make, the risks to consider, and why working with the right team of professionals can make all the difference.
Whether you're approaching retirement, looking to improve your financial flexibility, or simply wondering if your mortgage could be working harder for you, this conversation provides valuable insights into one of Canada's most talked-about wealth-building strategies.
What the Smith Manoeuvre is and how it worksHow to convert mortgage debt into tax-deductible investment debtThe difference between "good debt" and "bad debt"Why many wealthy Canadians use debt differentlyHow tax savings can help accelerate wealth creationThe importance of investor discipline and long-term thinkingCommon mistakes that can derail the strategyThe key risks every homeowner should understandWhy professional guidance is essentialIf you're a Canadian homeowner looking for ways to build wealth while improving tax efficiency, this is a conversation you won't want to miss.
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Whatâs the real threat to your financial future?
Itâs not the market⌠not bad investments⌠and not even debt.According to financial experts Heather and Douglas Boneparth, the biggest risk is what couples donât say about money.
In this episode of The Wealthy Life Podcast, host Sybil Verch sits down with the co-authors of Money Together to unpack how couples can transform money conflict into collaborationâand ultimately build a stronger financial future together.
Why money conversationsânot money itselfâcause the most relationship stressHow your childhood, beliefs, and âmoney scriptsâ shape financial behaviorThe hidden impact of power dynamics, income shifts, and risk tolerance in relationshipsWhat financial infidelity isâand how it can damage trustHow to handle common challenges like spender vs. saver conflictsWhy timeânot moneyâis the true measure of wealthPractical strategies to create healthy money habits as a coupleHealthy financial relationships arenât about numbersâtheyâre about communication, empathy, and teamwork. When couples truly understand each otherâs money mindset, they can make better decisions, reduce conflict, and build lasting wealth together.
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Zijn er afleveringen die ontbreken?
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Are you a young adult trying to figure out how to save money, invest, and build wealthâbut no one ever taught you how? Or are you a parent or grandparent that wants to set your kids and grandkids up for financial success?
In this episode of The Wealthy Life Podcast, Sybil Verch sits down with wealth advisor Cailyn Wolski to break down simple, practical strategies to build wealth early in lifeâeven if youâre just starting out.
đĄ Learn how to:
Start savingâeven with a small incomeBuild real wealth (not just earn a high salary)Use investing to grow your money over timeChoose the right accounts (TFSA, RRSP, FHSA)Avoid common money mistakes young adults makeBalance enjoying life now while planning for your futureProtect your finances with smart risk managementYouâll also discover:â Why income â wealthâ How compound growth works in your favorâ The best way to automate your savingsâ How taxes really impact your moneyâ Why starting early beats âcatching up laterâ
Whether you're in your 20s or 30s, this episode gives you a clear roadmap to financial successâwithout overwhelm.
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Going through a separation or divorce is never easy â but understanding your financial rights, legal options, and next steps can help you feel more in control during an uncertain time.
In this episode of The Wealthy Life Podcast, host Sybil Verch sits down with family lawyer Emma Neary to break down the divorce process in Canada, including how assets are divided, how spousal support works, and why planning ahead can make all the difference.
đĄ In this episode, youâll learn:âď¸ What happens financially during separation and divorceâď¸ How assets, property, and income are dividedâď¸ The difference between child support and spousal supportâď¸ Why prenups and cohabitation agreements matterâď¸ How to protect yourself with proper documentation and planningâď¸ Why collaborative law and mediation may be better than court
đ Key takeaway: Preparation, communication, and proper legal guidance can reduce stress, save money, and lead to better long-term outcomes.
Whether you're planning ahead or currently navigating a separation, this episode provides clear, expert insights to help you make informed decisions.
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What does a financial advisor really do â and how do you know if hiring one is the right decision for you?
In this episode of The Wealthy Life Podcast, host Sybil Verch is joined by Jill Cramp, Wealth Advisor at Generational Wealth Management, Raymond James Ltd., for a practical, honest conversation about financial advice, longâterm planning, and confident decisionâmaking.
Jill breaks down the true role of a financial advisor, explaining why the job goes far beyond picking investments. Together, Sybil and Jill explore how comprehensive advice brings together financial planning, tax efficiency, insurance, estate planning, and â just as importantly â the emotional side of managing money through market volatility and major life transitions.
The conversation walks through how financial needs evolve over time â from earlyâcareer saving and investing, to raising a family, planning for retirement, and navigating uncertainty in the markets. They also clear up common misconceptions around advisor titles, compensation models, fees, and what investors should realistically expect when working with a professional.
This episode is designed to help listeners gain clarity, ask better questions, and feel more confident when making decisions about their financial future.
What you'll learn:
⢠What a financial advisor actually does⢠When it makes sense to work with a financial advisor⢠The difference between bank advisors and fullâservice wealth advisors⢠How financial advisor fees work and what to look for⢠What questions to ask before choosing an advisor⢠Why planning, education, and emotional discipline matter
Whether youâre just starting out, managing a growing family, or planning the next chapter of life, this episode offers valuable insight into how professional financial advice can support longâterm success.
As always, seek independent professional advice before making personal financial decisions.
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Medical Assistance in Dying, often referred to as MAID, is one of the most sensitive and misunderstood topics in healthcare today. It raises important questions about dignity, autonomy, compassion, and how we support people at the end of life.
In this episode of The Wealthy Life Podcast, Sybil Verch sits down with Dr. Stefanie Green, an internationally recognized MAID provider and bestselling author of This Is Assisted Dying, for a thoughtful and informative conversation.
Dr. Green brings clarity to what MAID is and what it is not, explains how the process works in Canada, and addresses common misconceptions around eligibility, safeguards, capacity, and consent. Together, they explore how compassionate planning, open conversations, and informed decisionâmaking can reduce fear and help individuals and families navigate endâofâlife choices with greater confidence.
This episode is designed to educate, inform, and encourage thoughtful reflection on a complex topic, with care, respect, and humanity.
In this episode, you will learn:
⢠What Medical Assistance in Dying is and how it works in Canada⢠Who may be eligible for MAID and the safeguards in place⢠How MAID differs from palliative and endâofâlife care⢠How decisionâmaking capacity is assessed, including in cases of dementia⢠Why family conversations and planning matter⢠The importance of dignity, autonomy, and compassionate care at the end of life
This conversation may be especially meaningful for individuals and families facing serious illness, caregivers, healthcare professionals, and anyone seeking a deeper understanding of endâofâlife options in Canada.
As always, please seek independent professional advice before making personal healthcare or planning decisions.
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This episode features a powerful conversation with Rob Carrick, nationally recognized personal finance journalist and former Globe and Mail columnist, as he joins Sybil Verch on The Wealthy Life Podcast to explore what it truly means to live a wealthy life.
Together, they challenge the idea that wealth is defined by income, net worth, or keeping up appearances. Instead, they dive into the real drivers of financial wellâbeing for Canadiansâfreedom, flexibility, confidence, and peace of mind. From retirement readiness and longâterm investing to housing decisions, pensions, and the evolving value of financial planning, this discussion is practical, grounded, and refreshingly honest.
Rob shares thoughtful insights drawn from decades of reporting on personal finance, helping listeners better understand how consistent saving, diversified lowâcost investing, and avoiding financial overextension can support longâterm goals and reduce stress. The conversation also highlights why financial advice and accountability matter more than ever in an increasingly complex world.
In this episode, youâll learn:⢠What living a wealthy life really means beyond income and assets⢠Why financial freedom and flexibility are key to longâterm success⢠How early and consistent saving builds confidence over time⢠Why saving anything is better than saving nothing⢠The role of employer pensions and automatic saving⢠A balanced perspective on renting versus home ownership⢠Why overextending financially can limit future choices⢠How diversified, lowâcost investing supports longâterm goals⢠Why financial planning is more important than ever⢠The real value of advice, accountability, and peace of mind
Whether youâre just starting out, planning for retirement, or reassessing your financial path, this episode offers clear, thoughtful guidance to help you make better financial decisions and align your money with the life you want to live.
đ§ Listen now and redefine what wealth means to you.
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Thinking about moving from the United States to Canada but not sure what you need to plan for before making the move?
In this episode of The Wealthy Life Podcast, Sybil Verch sits down with Harps Sandhu, Cross Border Advisor and author of Welcome Home, Eh?, to break down exactly what you need to know before relocating from the United States to Canada.
From immigration and tax residency rules to healthcare access, retirement accounts, and avoiding double taxation, this conversation is a must listen for anyone planning a move north.
You will learn:
â˘The key steps to take before moving from the U.S. to Canada
â˘How Canadian and U.S. tax systems differ and how to avoid double taxation
â˘Why immigration status and tax residency planning matter
â˘What happens to U.S. retirement accounts, IRAs, 401(k)s, and investments
â˘How healthcare coverage works when you first move to Canada
â˘The difference between citizenship and residency
â˘Why working with a Cross Border Advisor, accountant, and lawyer is essential
â˘Common (and expensive!) planning mistakes people make during cross-border moves
Whether you are relocating for work, family, retirement, or lifestyle reasons, this episode provides clarity, confidence and practical guidance you need to plan your transition smoothly and avoid expensive surprises.
If you are considering a move from the U.S. to Canada, this episode will help you ask the right questions and move to Canada with confidence.
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Looking for the best credit card in Canada but not sure where to start? In this episode of The Wealthy Life Podcast, Sybil Verch sits down with credit card specialist and financial writer Cory Santos to break down everything Canadians need to know before applying for a card.
We cover the essentials â how credit cards work, how to avoid paying interest, and how to pick the right card for your lifestyle. From cashback cards vs travel rewards, to lowâinterest cards, to whether you should carry more than one credit card, Cory shares practical, easy-to-apply advice to help you make smarter financial decisions.
Youâll learn:⢠The difference between debit and credit â and why it matters⢠How to avoid the 21.99% interest trap⢠Smart strategies to pay off your card and protect your credit score⢠How to match your spending habits to the perfect rewards card⢠Whether Aeroplan, Amex, Visa or Mastercard makes the most sense⢠Why cashback cards may be the best fit for most Canadians⢠When to avoid credit card surcharges â and use debit instead⢠Insider tips on welcome bonuses, lounge access, travel insurance & more
If you want to build credit, earn rewards, eliminate debt, or simply stop leaving free money on the table, this episode is packed with the tools you need to confidently choose the right credit card.
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In this powerful and emotional episode of The Wealthy Life Podcast, host Sybil Verch sits down with Pam Katunar, Wealth Manager at Heart Wealth Management Group (Raymond James Ltd.) and Certified Professional Consultant on Aging, to discuss one of the most important â yet most avoided â topics: getting your affairs in order before you pass away.
Whether youâre young, approaching retirement, supporting aging parents, or navigating a difficult diagnosis, this episode provides a compassionate, practical roadmap for preparing your financial, legal, and personal life so your loved ones arenât left overwhelmed.
Youâll learn:
⢠The three essential documents every Canadian needs: a Will, Power of Attorney, and Medical Representation Agreement
⢠What happens if you donât have a will â and why dying intestate creates stress, delays, and frozen assets
⢠The difference between an executor, a POA, and a medical decisionâmaker
⢠How to prepare your family for tough decisions like burial vs. cremation and endâofâlife wishes
⢠Estateâplanning steps if you know your end date (including MAiD situations)
⢠Smart strategies for gifting before death to reduce taxes, avoid probate, and create meaningful moments
⢠How to update and assign beneficiaries on TFSAs, RRSPs, RRIFs, RESPs, insurance policies, and nonâregistered accounts
⢠What to do if youâre the surviving spouse or the last living partner
⢠The importance of decluttering, organizing sentimental items, and clearly labeling who gets what
⢠How to navigate digital assets: passwords, social media accounts, online banking, and loyalty points
⢠What conversations families need to have â before illness or crisis makes them impossible
⢠How proper preparation creates peace of mind, prevents conflict, and protects your loved ones emotionally and financiallyPam also shares heartfelt stories from her own family and clients â including the profound impact that careful planning had on a client navigating MAiD and how it gave him peace, reduced his pain, and improved the final months of his life.
This episode is essential listening for anyone who wants to reduce stress on their family, avoid costly mistakes, and ensure their legacy â financial and emotional â is protected.
Estate planning, wills, power of attorney, medical directives, probate, endâofâlife planning, MAiD, family communication, financial organization, aging parents, executor duties, beneficiary planning, and peaceâofâmind financial strategies.
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In this episode of The Wealthy Life Podcast, host Sybil Verch sits down with David Chilton, bestselling author of The Wealthy Barber and The Wealthy Barber Returns, and former Dragon on Dragonâs Den, to break down the timeless principles of personal finance that still work today.
David shares why paying yourself first remains the most powerful wealthâbuilding habit, how to invest simply using lowâcost index funds and ETFs, and why most people lose money trying to time the market or pick stocks. The conversation also explores how Canadians can reduce financial stress, avoid costly fees, and build longâterm wealthâeven in todayâs high costâofâliving environment.
This episode is ideal for anyone searching for:
How to build wealth in CanadaPersonal finance basics that actually worksInvesting for beginners TFSA, RRSP, and FHSA Guidance Financial advice without sales pitchesIn this episode, youâll learn:
What âliving a wealthy lifeâ really means beyond moneyWhy paying yourself first worksâeven when money feels tightHow to invest simply and avoid common mistakesThe truth about market timing, stock picking, and crypto hypeWhen a financial planner adds real valueThe importance of InsuranceWhy cash flow awareness is the foundation of wealthIf you want clear, practical financial advice from one of Canadaâs most trusted voices, this episode will help you build confidence, reduce stress, and take control of your moneyâstarting today.
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Whether youâre buying your first home, taking out a new mortgage, or preparing for an upcoming mortgage renewal, understanding how mortgages work in Canada is essential.
In this episode, Sybil Verch is joined by Kendall Gross, President of Island Savings, for an informative and practical conversation about what Canadians should know at every stage of their mortgage journey. From firstâtime homebuyers entering the market, to homeowners navigating mortgage renewals, to those considering a new mortgage, this episode breaks down the key decisions that matter most.
Sybil and Kendall discuss:
How Canadian mortgages work from application to renewalWhat firstâtime homebuyers should know before getting a mortgageKey considerations when choosing between fixed and variable ratesWhat to expect when renewing a mortgage in CanadaThe pros and cons of renewing with your current lender vs. switching lendersCommon mortgage mistakes Canadians makeâand how to avoid themWith expert insight and plainâlanguage explanations, this episode helps listeners feel confident making informed choices around new mortgages, mortgage renewals, and longâterm home financing.
If youâre a Canadian homeownerâor planning to become oneâthis is a mustâlisten conversation to help you navigate todayâs mortgage landscape with clarity and confidence.
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Deciding whether an aging parent is ready for a care home can feel overwhelming, emotional, and uncertain. In this episode, âFrom Home to Care Home: Helping Aging Parents Transition,â we take a compassionate, practical look at the signs that suggest it may be time to explore additional supportâso families can make informed decisions with confidence rather than guilt.
Joining us is Heather Collingridge, Director at Optima Living, who brings decades of experience working with seniors, families, and care communities. Heather shares expert insights on what adult children should watch for, how to evaluate changing care needs, the cost of care and how to approach what can often be a deeply personal conversation with sensitivity and clarity.
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What if you could learn the secrets to building and preserving wealthâstraight from the experts?
On The Wealthy Life Podcast, we interview guests on a wide variety of relevant topics aimed at informing and empowering you to make smart decisions in every aspect of your financial life. Things like: reducing debt, increasing cash flow, retiring comfortably, investing wisely, reducing taxes, drafting legal agreements, caring for aging parents, insurance and estate planning, and so much more.
Youâll hear money tips from both subject matter experts and from really successful people on how they have built wealth and the lessons learned along the way.
Ultimately, youâll feel informed, empowered, and inspiredâso you can live The Wealthy Life.
