Mostly Money

Preet Banerjee

Why does coffee taste better when you pay with cash? How did a victim of human trafficking take her knowledge of how the money flows in that world to become a law enforcement consultant? How does an economist think about Bitcoin? There's so much more to money than just investment portfolios.Mostly Money not only teaches you how to take control of your finances, it explores the full world of all things money with expert interviews conducted by Preet Banerjee (former television host for Oprah Winfrey).

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105: Andrew Hallam's new book 'Balance'
105: Andrew Hallam's new book 'Balance'104: Robin Taub on how to teach your children about money103: Erica Alini, author of "Money Like You Mean it"102: Dan Bortolotti - The godfather of index investing in Canada101: Using exchange-traded funds to build or improve portfolios with Kevin Prins from BMO ETFs100: Peter Mansbridge - Off the Record99: Cait Flanders on the Adventures in Opting Out98: Does ESG investing lead to better returns for investors?97: Ben Rabidoux on how Housing defied the worst economic downturn in history
What explains the meteoric rise in Canadian home prices off of a backdrop of 3 million jobs initially lost back in early 2020 with many businesses forced to be shut down and with lockdown, after lockdown? Well if there’s one person who can help answer that question, you know it’s Ben Rabidoux. He’s going to dive deep into a number of factors that, taken together, may help you figure out what’s been happening. Here’s just a sample of the topics we cover in this episode: Most of the people who lost their jobs weren’t in a position to buy in the first placeThose who were, tended to see their financial situations improve during the pandemicLower interest rates have further increased debt servicing abilityPopulation dynamics negatively affected the rental market more than the resale marketChanging consumer preferences, and so much more. Grab your popcorn, because Ben Rabidoux is going to enlighten and entertain you in this episode of Mostly Money.Ben Rabidoux is the President of North Cove Advisors, a Canadian research firm that works exclusively with institutional investors around the world, by providing coverage of Canadian housing, macroeconomic and household credit trends. He has also just launched a new firm, Edge Realty Analytics, that provides market intelligence to real estate industry professionals. You can learn more at EdgeAnalytics.ca.LINKSTwitter: https://twitter.com/BenRabidouxEdge Realty Analytics: https://edgeanalytics.ca/North Cove Advisors: https://northcove.net/
56 mins
96: A psychiatrist's perspective on financial decision making under acute or chronic stress
In this episode, you’re going to hear from a psychiatrist on a number of topics directly and tangentially related to finances and financial decision making. Later in the episode we talk about some financial behaviours under acute mental distress, a number of various pathways that lead to hoarding behaviours, and more. But we also discuss the effects of chronic decision fatigue, burnout, and corona insomnia that almost everyone seems to be experiencing. And I need to point out that today’s guest, Dr. Ajmal Razmy is one of my very best friends. We studied neuroscience together during our undergrad days at UofT and he continued with his masters and medical school, whereas I, after my last undergraduate exam, went to auto-racing school.Dr. Razmy is a psychiatrist and mental health specialist at Cleveland Clinic Canada with a background in healthcare with a special interest in sleep medicine and hospital administration. He is currently a practicing psychiatrist and Head of Service (HoS) for Mental Health at Joseph Brant Hospital with a focus on acute care psychiatry. In the HoS role, he is helping lead Burlington’s mental health response to the novel Coronavirus across the hospital and community systems. Prior to this role, he worked at Trillium Health Partners, where he was the Service Medical Director for Acute Care Psychiatry, and has also served as a psychiatry member of the Consent and Capacity Board of Ontario.LinksTwitter: https://twitter.com/AjmalRazmyMDWebsite: http://ajmalrazmymd.com/Cleveland Clinic: https://my.clevelandclinic.org/canada/staff/razmy-ajmal
57 mins
95: Bitcoin, Ethereum, Blockchain and more, explained by economist Andreas Park94: Buying a car without haggling? The Future Retail Model of selling cars
Some people love car shopping… Others dread it. But like any industry, technological advancements have changed the landscape. When trading in an old vehicle, it used to be hard to really know what a good price might be. But for years now, you could look up comparable cars on the market, controlling for trim level, mileage, condition, and more. Some online services tell you what the dealer’s costs might be for a new car to help you negotiate with more confidence. But many people just don’t like to negotiate, and at the same time they certainly don’t want to feel like they are leaving money on the table. I had a very interesting conversation with Chris Pfaff, the CEO of Pfaff Automotive Partners who operate almost 20 locations in most major cities in Canada, selling a wide variety of cars, from McLaren and Pagani, to Porsche, Toyota, Volkswagen, and more. His company launched what they called The Future Retail Model of buying cars in late 2019. No haggling. Their best price is offered first. Take it or leave it. And it’s been very successful. Chris explains the reason for the new model, whether his competitors like it or not, how his sales team reacted, and provides some thoughtful insights into the world of buying and selling cars.I need to point out that this interview was originally recorded BEFORE COVID-19, back in January of 2020. I had delayed publishing the podcast as it was originally scheduled for March 2020, but large parts of the country were being locked down at the time. Anything not Coronavirus related was just not on people’s minds. Well, we’re hopefully starting to see light at the end of the tunnel. And perhaps more people will be in the market for a vehicle in the near future, so now seems like a better time to release this episode.Links:Pfaff Auto website Facebook Page YouTube Channel Instagram
36 mins
93: Obolx - A visual timeline of your family's life planning92: Darin Diehl's story about getting laid off, having a heart attack, and getting cancer91: Alyssa Davies from MixedUpMoney.com90: We need to talk a lot more about not dying with Dr. Daren Heyland
There is a BIG difference between End Of Life Planning and Serious Illness Planning.If you think estate planning is getting your wills and powers of attorney or healthcare directives set up for taking care of things when you die or are about to die, you might be making a big mistake.If you end up in an ER, the doctors aren't going to look at any end of life planning you might have in place if they think they can still save your life. This requires a whole different way of thinking about planning for serious medical illnesses. On the show today I speak with critical care physician, Dr. Daren Heyland, who is going to give us a look behind the scenes at what really happens when people and their loved ones are making decisions about their medical care when they are seriously ill, or terminal. We’ve talked a bit about estate planning on the podcast before, and my guest recently attended a financial planning seminar where the positioning of how and when certain parts of an estate plan come into place could have used some fine tuning.  He’s also going to discuss an initiative he’s been spearheading, called the Plan Well Guide, Plan Well Guide is a FREE tool to help people learn about medical treatments and prepare them for decision-making during a serious illness, like COVID-19 pneumonia for example.  Find out more here:Company: https://planwellguide.com/Twitter: https://twitter.com/darenheylandFacebook: @planwellguideTwitter: @plan_well_guideInstagram: @plan_well_guideLinkedIn: https://www.linkedin.com/in/daren-heyland-2b674a185/ Guest Bio: Dr. Daren Heyland is a critical care doctor at Kingston General Hospital and a Professor of Medicine and Epidemiology at Queen’s University. He currently serves as the Director of the Clinical Evaluation Research Unit (CERU) at the Kingston General Hospital.  For over a decade he chaired the Canadian Researchers at the End of Life Network (CARENET), which has a focus on developing and evaluating strategies to improve communication and decision-making at the end of life
48 mins
89: President of BMO InvestorLine on exploding trading activity for discount brokerages in 202188: Erica Ehm on personal and professional reinvention
52 mins
87: Online Estate Planning with Willful CEO Erin Bury86: A Multi-Level Marketing survivor tells all