Ask The Money Lady: Recent Episodes
SaltWire Network
Ask The Money Lady with Host Christine Ibbotson, Your Canadian Finance Coach.
Christine will be coming to you weekly with new Finance Tips, Tricks and Informative Money Topics you need to know.
She will also answer questions from Saltwire Readers and keep you informed about all the latest news about Canadians and their money.
Christine is a Canadian Finance Coach with over 25 years’ experience in banking and finance.
She is a certified financial planner, chartered investment manager, insurance broker, estate and tax planner, mortgage lender and commercial broker. She has a degree in Economics and Finance from McMaster University and has written 4 Canadian Finance Books.
Chris is a syndicated columnist in 360 newspapers across Canada and now has a radio show called Ask The Money Lady in Ontario, Manitoba, Alberta and BC.
Find out more at www.askthemoneylady.ca or send your questions to info@askthemoneylady.ca
Thanks Julie for the question today! Let's chat US/Canadian Citizenship & filing taxes for your kids.
Make sure to give this podcast a 5-star rating if you found it helpful, and follow me so you don't miss any upcoming episodes!
All the best!!
Cheers,
C
Ever though about purchasing a home with more then 2 people?
Make sure to give this podcast a 5-star rating if you found it helpful, and follow me so you don't miss any upcoming episodes!
All the best!!
Cheers,
C
Make sure to give this podcast a 5-star rating if you found it helpful, and follow me so you don't miss any upcoming episodes!
All the best!!
Cheers,
C
Thanks Candice for the great question today about how (& why) to get a pre-nup.
Make sure to give this podcast a 5-star rating if you found it helpful, and follow me so you don't miss any upcoming episodes!
All the best!!
Cheers,
C
Are you struggling to save money with a low or inconsistent income?
In our latest episode, Christine Ibbotson addresses this critical issue and offers actionable advice to help you improve your financial situation.
Learn about the mental toll of financial stress, the importance of believing in your ability to earn more, and practical steps to break free from financial scarcity.
Don't miss this empowering discussion. Listen now and take the first step towards financial empowerment!
Do you have a current will and powers of attorney? In our latest episode, Christine Ibbotson explains why these documents are essential and dives deep into the responsibilities of an executor. Learn why it's crucial to choose the right person to manage your estate, especially if you have children.
Christine also discusses the legal and tax implications of having a non-resident executor and offers tips for those who may not have a suitable family member or friend. Don't miss out on this invaluable advice—listen now and make informed decisions for your future.
Are you ready to retire? Before you embark on this exciting new chapter, make sure you're financially prepared. In our latest episode, we explore the honeymoon phase of retirement and share essential tips to avoid falling into debt. Learn about the importance of planning, budgeting, and setting up a collateral charge on your home.
Plus, discover strategies for managing your finances during retirement to ensure lasting financial security. Don't miss out on this invaluable advice—listen now and pave the way for a worry-free retirement!
Are you ready to take control of your financial future? In the latest episode of our podcast, Christine Ibbotson shares invaluable tips on achieving financial independence. From debt consolidation to finding the right financial advisor, and the power of self-belief, this episode is packed with actionable advice that you won't want to miss. Tune in now and start your journey towards financial success today!
Thinking about retiring this year? Christine Ibbotson breaks down the must-know tips for a secure and comfortable retirement. Find out how much money you really need and why being debt-free is crucial. Listen now and plan your future!
Are you confused about how interest rates impact your bonds and stocks? You're not alone! In our latest episode, Christine Ibbotson answers a listener's question and breaks down the complexities of the bond market.
Discover the inverse relationship between interest rates and bond values, and learn valuable strategies like the Rule of 72 to help you make informed investment decisions. Don't miss out on these insights—listen now and take control of your financial future!
How well do you judge character? In our latest episode, Christine Ibbotson explains why this skill is crucial for career success and personal growth.
Discover how to improve your social interactions, build a strong reputation, and increase your self-confidence.
CharacterJudgment #CareerAdvice #SelfEsteem
Are you confused about whether to lock into a fixed mortgage rate or stick with a variable one? 🤔
Christine Ibbotson has the answers in our latest episode!
Learn about your options for dealing with high interest rates, consolidating debt, and more.
Listen now and make informed financial decisions!
MortgageRates #FinancialAdvice #HomeBuying
In this episode of Ask The Money Lady, Christine Ibbotson addresses a question from Nick, a new Canadian resident on an IEC visa, about the best way to navigate RRSP and TFSA contributions. With an annual income of $64,000, Nick is eager to save for future travel while also investing in a retirement account. Christine delves into the eligibility requirements for RRSPs and TFSAs, and offers practical advice on which savings product to choose based on your age and financial situation. She also highlights the importance of strategic RRSP contributions and the potential tax implications of large RRSP balances. Whether you're new to Canada or simply looking to optimize your savings strategy, this episode is packed with valuable insights to help you make informed financial decisions.
In our latest episode, Christine Ibbotson tackles the complex topic of reverse mortgages. Are they a good option for seniors looking to stay in their homes? Christine breaks down the pros and cons, shares real-life stories, and offers expert advice to help you make an informed decision. Whether you're considering a reverse mortgage yourself or want to understand more about this financial product, this episode is a must-listen. Tune in now to get all the details and make the best choice for your financial future.
Have you ever considered the tax implications of holding dual citizenship? Our latest episode features Christine Ibbitson, the Money Lady, who addresses a listener's complex situation with US-Canadian dual citizenship and the unexpected tax obligations that come with it. Discover why owning assets as a dual citizen might not be as advantageous as you think and learn strategies to manage your finances more effectively. Don't miss out on these essential insights—tune in to become more informed and prepared to tackle your taxes!
Ever thought about buying a home with your children but unsure where to start? Our latest episode dives deep into the complexities of joint home ownership. Learn whether setting up a corporation is necessary, how to protect your investment, and the ins and outs of mortgage options. Don't miss these essential insights that could shape your family's future. Tune in now for expert financial guidance!
Ever thought about rewriting your life's narrative?
Christine Ibbotson shares how hitting rock bottom can be the catalyst for extraordinary change. She opens up about her personal journey to financial literacy and how it reshaped her identity.Christine offers actionable advice on creating positive affirmations and changing self-limiting beliefs.
She emphasizes that to change your life, you must first change your identity and the way the world perceives you.Are you ready to embrace change and rewrite your story?
Listen to Christine's inspiring guidance and start your transformation today. It's time to choose a different direction and step into the life you're meant to live.Tune in now and unlock the power to make a change.
Protect Your Love and Your Assets with Prenups & Cohab Agreements✉️
Are you entering a new chapter with your partner?
Whether it's remarriage or cohabitation, it's crucial to secure your financial future.
Our latest podcast episode is a treasure trove of wisdom on prenuptial agreements and cohabitation contracts. Learn how to protect your assets, plan for retirement, and ensure peace of mind for you and your loved ones. With expert advice and real-life examples, this episode is essential listening for anyone looking to combine love with financial savvy.
Don't leave your future to chance – tune in now and take control of your financial destiny!
Are you and your partner on the same page when it comes to money?
Our latest episode dives into the seven money personality types and how understanding yours can transform your relationship and finances.
Discover the secrets to effective communication, overcoming financial infidelity, and why retail therapy might not be so bad after all.
Don't let money be a source of contention; listen now and start building a shared financial future today.
I’m here to help! In todays podcast, I wanted to something a little bit different than usual. Today, I will walk you through how I became Ask The Money Lady, and my hopes and dreams for my youtube channel & podcast!
Thank you all so much for your support!
SEND ME A QUESTION ON MY WEBSITE HERE: https://askthemoneylady.ca/contact/ Read more free financial advice on my BLOG: https://askthemoneylady.ca/blog/ You can watch this video on my YOUTUBE CHANNEL, Ask the Money Lady: https://www.youtube.com/channel/UCYKKn5tDjGQb3XTex5o8sbg****** WEBSITE: https://askthemoneylady.ca INSTAGRAM: https://www.instagram.com/askthemoney... FACEBOOK: https://www.facebook.com/retiredebtfr... PODCAST: https://anchor.fm/askthemoneyladypodcast BUY THE ASK THE MONEY LADY BOOK! How to Retire Debt Free & Wealthy by Christine Ibbotson https://www.goodreads.com/book/show/49085958-how-to-retire-debt-free-wealthy?from_search=true&from_srp=true&qid=A1OXejEKZ4&rank=2
What do you need to do to make sure you can retire as a single person?
Oftentimes, retirement is viewed as a couple’s affair. But what can you do to ensure that you can retire debt-free & wealthy, as a single?
Check out this week’s podcast to learn more!
Read more free financial advice on my BLOG: https://askthemoneylady.ca/blog/
You can watch this episode on my YOUTUBE, Ask the Money Lady: https://www.youtube.com/watch?v=JhevaI0pyRQ&t=27s
WEBSITE: https://askthemoneylady.ca
INSTAGRAM: https://www.instagram.com/askthemoney...
FACEBOOK: https://www.facebook.com/retiredebtfr...
BUY THE ASK THE MONEY LADY BOOK! How to Retire Debt Free & Wealthy by Christine Ibbotson
https://www.goodreads.com/book/show/49085958-how-to-retire-debt-free-wealthy?from_search=true&from_srp=true&qid=A1OXejEKZ4&rank=2
Many of you have sent me emails with genuine worry about your retirement portfolios SO TODAY I want to introduce you to an alternative to securities, mutual funds or exchange traded funds (ETFs).
We’re going to talk about structured notes?
Structured Notes vary in complexity and risk – so I would say there is something here for every type of investor.
The reason I like these products is because they are easily available at your retail bank and can give you a much better return than simple GICs.
SEND ME A QUESTION ON MY WEBSITE HERE: https://askthemoneylady.ca/contact/
Read more free financial advice on my BLOG: https://askthemoneylady.ca/blog/
You can watch this video on my YOUTUBE CHANNEL, Ask the Money Lady: https://www.youtube.com/channel/UCYKKn5tDjGQb3XTex5o8sbg
WEBSITE: https://askthemoneylady.ca
INSTAGRAM: https://www.instagram.com/askthemoney...
FACEBOOK: https://www.facebook.com/retiredebtfr...
PODCAST: https://anchor.fm/askthemoneyladypodcast
BUY THE ASK THE MONEY LADY BOOK! How to Retire Debt Free & Wealthy by Christine Ibbotson
https://www.goodreads.com/book/show/49085958-how-to-retire-debt-free-wealthy?from_search=true&from_srp=true&qid=A1OXejEKZ4&rank=2
Watch this video on my YouTube Channel, here: https://www.youtube.com/@askthemoneylady
So the question today is how can you save the down payment needed to buy a home??
Even though house prices are going down with mortgage rates on the rise – a lot of people still can’t buy because they now can’t qualify for a mortgage since the rates are too high.
SEND ME A QUESTION ON MY WEBSITE : https://askthemoneylady.ca/contact/
Read more free financial advice on my BLOG: https://askthemoneylady.ca/blog/
TDS/GDS: https://www.cmhc-schl.gc.ca/en/consumers/home-buying/calculators/debt-service-calculator
Send Christine an email about anything related to your Canadian finances: info@askthemoneylady.com
WEBSITE: https://askthemoneylady.ca
INSTAGRAM: https://www.instagram.com/askthemoney...
FACEBOOK: https://www.facebook.com/retiredebtfr...
PODCAST: https://anchor.fm/askthemoneyladypodcast
BUY THE ASK THE MONEY LADY BOOK! How to Retire Debt Free & Wealthy by Christine Ibbotson
https://www.goodreads.com/book/show/49085958-how-to-retire-debt-free-wealthy?from_search=true&from_srp=true&qid=A1OXejEKZ4&rank=2
The question today is: Why do we gamble?
Read more free financial advice on my BLOG: https://askthemoneylady.ca/blog/
Well, every time you hear of a lottery winner you add this to your mind since the outcome appeals to our emotions whether or not the outcome is truly likely. Let’s face it, storing the memories of people retiring comfortably after diligently saving all their lives isn’t a common occurrence. These stories, although you may have heard them in the past aren’t quite as memorable as a story of a lottery winner, or an investor who made millions overnight, or those big winning poker players and gamblers you see on TV. The reality is that it is much easier to recall a local lottery winner. This makes it that much easier for you to imagine what it would be like for you to win; and your brain then assumes that the scenario is not only possible, but probable.
This is why big winners are featured on the news along with all those human-interest, heart-tugging stories. Watching them makes it easier for our brains to think the big payout could ACTUALLY happen to us.
Send me an email about anything related to your Canadian finances: info@askthemoneylady.com
WEBSITE: https://askthemoneylady.ca
INSTAGRAM: https://www.instagram.com/askthemoney...
FACEBOOK: https://www.facebook.com/retiredebtfr...
PODCAST: https://anchor.fm/askthemoneyladypodcast
BUY How to Retire Debt Free & Wealthy by Christine Ibbotson
https://www.goodreads.com/book/show/49085958-how-to-retire-debt-free-wealthy?from_search=true&from_srp=true&qid=A1OXejEKZ4&rank=2
The question today is: Should you include your pets in your Will or Estate Plan?
There are many people who have pets – cat’s, dogs, even horses or parrots. And most people treat their pets like their children, a member of the family – but what happens if your pet outlives you? Planning for our future is something we all know to do, but we should also consider proper planning for our pets.
Read more about estate planning on my BLOG: https://askthemoneylady.ca/blog/
Send Christine an email about anything related to your Canadian finances: info@askthemoneylady.com
WEBSITE: https://askthemoneylady.ca
INSTAGRAM: https://www.instagram.com/askthemoney...
FACEBOOK: https://www.facebook.com/retiredebtfr...
YOUTUBE: https://www.youtube.com/channel/UCYKKn5tDjGQb3XTex5o8sbg/featured
BUY THE ASK THE MONEY LADY BOOK!
How to Retire Debt Free & Wealthy by Christine Ibbotson
https://www.goodreads.com/book/show/49085958-how-to-retire-debt-free-wealthy?from_search=true&from_srp=true&qid=A1OXejEKZ4&rank=2
The question today is: What are Annuities?
Read my BLOG POST ON ANNUITIES for more information: https://askthemoneylady.ca/what-are-annuities/
Read more about what I talked about in this video here:
· Annuity Definition: https://www.investopedia.com/terms/a/annuity.asp
Send Christine an email about anything related to your Canadian finances: info@askthemoneylady.com
WEBSITE: https://askthemoneylady.ca
INSTAGRAM: https://www.instagram.com/askthemoney...
FACEBOOK: https://www.facebook.com/retiredebtfr...
BUY THE ASK THE MONEY LADY BOOK! How to Retire Debt Free & Wealthy by Christine Ibbotson
https://www.goodreads.com/book/show/49085958-how-to-retire-debt-free-wealthy?from_search=true&from_srp=true&qid=A1OXejEKZ4&rank=2
The question today is: Are you worried about the rising lending rates?
Many young homeowners renewing mortgages today may never have seen rates above 5%. So what can you do when you are choosing a mortgage? Listen to this weeks episode to learn about how you can decide whether a fixed or a variable rate mortgage is right for you.
Watch my last YouTube video about Collateral Charges! Collateral Charge video: https://www.youtube.com/watch?v=lJihnOEJayc
OR
You can listen to the video on my podcast, Ask the Money Lady: https://open.spotify.com/episode/1aD3GZtjtjryCOZh2ZY10P?go=1&sp_cid=e138af131a85f49c0d7dbd142c1c2f2d&utm_source=embed_player_p&utm_medium=desktop&nd=1
CHECK OUT MY BLOG for more FREE financial advice: https://askthemoneylady.ca/blog/
Read more about what I talked about in this video here:
• Real Estate Investment Trust (REIT): How They Work and How to Invest: https://www.investopedia.com/terms/r/reit.asp
• Canadian Prime Rates: https://wowa.ca/banks/prime-rates-canada
• Simple Interest Definition: Who Benefits, With Formula and Example: https://www.investopedia.com/terms/s/simple_interest.asp
Send Christine an email about anything related to your Canadian finances: info@askthemoneylady.com
WEBSITE: https://askthemoneylady.ca
INSTAGRAM: https://www.instagram.com/askthemoney...
FACEBOOK: https://www.facebook.com/retiredebtfr...
BUY THE ASK THE MONEY LADY BOOK!
How to Retire Debt Free & Wealthy by Christine Ibbotson https://www.goodreads.com/book/show/49085958-how-to-retire-debt-free-wealthy?from_search=true&from_srp=true&qid=A1OXejEKZ4&rank=2
Todays question is: How do you save your first $50K? There are some basic ways to save regardless of your age. Of course, if you are young and just starting out, adopting the right habits will benefit you immensely, perhaps even for your entire lifetime.
Saving must be a conscious decision you make to yourself that requires long-term discipline. Actually, these principles can be applied to anything that is important to you, such as, losing weight, kicking a bad habit, getting your dream job, or of course saving money.
In this podcast, I will discuss some ways that you can shift your thinking to be more saving-oriented, so that you CAN save 50k!
Let me know about your experience with options trading, or if you have any questions!
Please rate this podcast and follow it for more money tips!
Cheers,
C
Check me out on social media!
https://linktr.ee/askthemoneylady
Send Christine an email about anything related to your Canadian finances: info@askthemoneylady.com
Todays question is: Have you ever considered options trading before?
Many people nowadays do, but it's a good idea to become well versed in the subject before dipping your legs into the stock market waters. In this episode, I discuss options, forwards, and some tips for successful options trading.
Let me know about your experience with options trading, or if you have any questions!
& please rate this podcast and follow it for more money tips!
Cheers,
C
Check me out on social media!
https://linktr.ee/askthemoneylady
Send Christine an email about anything related to your Canadian finances: info@askthemoneylady.com
Todays question is: What does it cost to die nowadays?
This is a question that I often get, and that I think is a good idea to consider as you age and plan for retirement. I know quite a few people who have pre-paid for their funerals, and I personally think that this is a great idea.
To give you an idea of what this cost will be, this podcast is for you!
Thanks for listening, and let me know your thoughts are by leaving a review of this podcast.
Cheers,
C
Send Christine an email about anything related to your Canadian finances: info@askthemoneylady.com
https://linktr.ee/askthemoneylady
In this podcast, I discuss what it means to leverage lend in Canada. I discussed the pros and cons, and my thoughts on whether you should leverage lend.
As always, let me know what you think by rating this podcast!
Cheers,
C
Ever considered day-trading? I know a lot of people who have!
If you are considering stretching your financial legs in the market, then this is the episode is for you. I discuss 5 tips for you to consider before day trading.
As always, let me know your thoughts by rating this podcast. And feel free to email me your day-trading stories!
Cheers,
C
Have you ever considered getting a reverse mortgage?? I know they sound great in all the commercials, but what does it really mean to get one?
In this podcast, the question is: When should you get a reverse mortgage & is it actually worth it?
Listen to this episode to find out!
Cheers,
C
Do you currently have a fixed-rate mortgage on your home? In this podcast, I will talk all about why this is the opposite of what you want, and why you NEED to consider a collateral charge instead.
I will break down what a collateral charge is, how mortgages work in Canada, and what you need to say at the bank to make sure that YOU are the one who is benefitting from you mortgage, and NOT the banks.
I will tell you what you need to ask for depending on what bank you have your mortgage with: Scotia Bank, RBC, BMO, CIBC, or TD.
Let's put the financial power back in your court, so that you can get the most out of your lending products.
Make sure to give this podcast a 5-star rating if you found it helpful, and follow me so you don't miss any upcoming episodes!
All the best!!
Cheers,
C
Have you ever considered becoming a small-business owner? If so, what's holding you back from doing it?
In this podcast, I talk all about how you can become a successful entrepreneur in Canada, and how you can use the post-pandemic economy to your advantage. I also talk about the differences between male and female entrepreneurs, and the typical age of entrepreneurs in Canada.
Take a listen to find out how you can be a successful entrepreneur!
Cheers,
C
The question today is: Do you pay your bills online the day they are due? ....if so, you may be ruining your future credit !
In this podcast, I really want to give you some tips that you can use to improve your credit or keep the good credit that you have. We will talk about credit bureaus, how to keep you credit score high, what happens when a lender pulls your credit score, retail credit cards, the relationship between your credit score & your taxes, and MORE.
First and foremost, you want to protect your credit - this podcast episode will give you the tools to do just that!
Don't forget to rate this podcast if you enjoyed! And thank YOU for listening!
Cheers,
C
Todays question is: what fixed income products are available in Canada and should you choose them instead of a stock portfolio?
There are many fixed income products to choose from with varying degrees of risk and rates of returns. But how do you know which one to invest in.
In this episode, I break down what the 10 Fixed Income Investment products are, including what the basics of investing in GIC's. I also talk about the laddered investment strategy, and why it's a good idea for you to consider in your portfolio.
Are you planning to go back to a 9 to 5, Monday to Friday Job after the Pandemic? Is your employer pressuring you to come back and stop working from home? So the question today is – what alternatives do you have? A lot of employers are now putting more pressure on their staff to come in to the office at least 2 or 3 days so our HOME-lap-top class workers are not very happy. The thought of commuting up to two hours a day and working five days a week is now torture especially for those of you who may be closer to retirement.
Listen to this weeks episode to learn about some options!
Cheers,
C
With everything happening in the financial markets throughout COVID, it makes complete sense that people are stressed about their portfolio life in volatile times. In this video, I explain some tips on how to protect your investments during volatility in the market, specifically by using the Barbell Strategy.
Have you tried this method before?? I'd love to hear how it went!
Cheers, C
In this podcast, I talk about what the 5 steps to financial success are. These are steps that you can keep in mind when you are planning for the future, your money, and your family.
In this podcast, I talk about how you can choose a financial advisor, what to look for, what to ask for, and a breakdown of what you can expect payment-wise.
If you are looking for a financial advisor, don't miss out on this episode so that you can ask the right questions and be more prepared.
In this podcast , I talk all about when you should get a prenup, whether it is your first, second, third, or fourth time around. It is always important to protect yourself and your assets, even when you are in love!
Thanks Janice for your question!!
In this Money Minute, Christine talks all about how to keep your portfolio secure when the market is volatile.
A step-by-step plan for each decade of your life. Canadians should do specific things to ensure they are financially protected and comfortable. Find out if you are on track.
Advisors always tell clients to delay their CPP benefit. But if you die in your 70’s, you have short changed yourself. Find out why.
Cybercrime is up 800% vs. pre-covid stats. So how can you protect yourself? Find out all the things you should watch out for.
Wills & POAs
What will happen if you die without a Will?
Why do you need two Powers of Attorney?
TFSA
This is the best Canadian savings tool.
Could it be better than RRSPs?
More great podcasts at www.SaltWire.com/podcasts
Is it wise to keep your money separate from your partner?
Should you combine your savings – maybe not.
The third and final episode in this three part series on the only two things that are certain in everyone's life; death and taxes.
The second in a three part series on the only two things that are certain in everyone's life; death and taxes.
The first of a three part series on the only two things that are certain in everyone's life; death and taxes.
ATML - Episode 2
Buying a New Vehicle – Which is Better, to Finance or Lease?
More great content at www.SaltWire.com