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Smart Wealth: Navigating Your Financial Future

Smarth Wealth- Navigating Your Financial Future with Brett Cranson & Omari Whyte

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Welcome to "Smart Wealth: Navigating Your Financial Future", where we bridge the gap between financial jargon and real-world solutions. Every week, we bring you practical advice, expert insights, and actionable steps to improve your financial literacy and accelerate your wealth-building journey. Whether you're a novice in investing, aiming to master your budget, or an experienced wealth manager looking to refine your strategies, we've got you covered. We delve into a variety of topics includ ...
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Home: On is a show focused on home control and home automation topics for the enthusiast and do-it-yourself communities. We run through industry news, take a closer look at interesting products, share project ideas, and present topics for information and education. Host Richard Gunther is joined by a rotation of co-hosts and guests from the space, including industry experts, consumers, and company representatives.
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In this episode of Smart Wealth, hosts Brett Cranson and Omari Whyte delve into the essential aspects of financial advising, emphasizing the importance of understanding the different types of advisors and the value they bring. They discuss the significance of having a comprehensive financial plan tailored to individual goals, the differences betwee…
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In this episode of Smart Wealth, Brett Cranson and Omari Whyte discuss the importance of understanding financial protections, particularly focusing on CDIC insurance in Canada. They explore how consumers can safeguard their investments, the limitations of CDIC coverage, and the benefits of working with independent financial advisors. The conversati…
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In this episode of Smart Wealth, hosts Brett Cranson and Omari Whyte delve into the concept of dollar cost averaging as a powerful investment strategy. They discuss how this method helps manage price risk by allowing investors to buy stocks or funds at regular intervals, regardless of price fluctuations. The conversation highlights the importance o…
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In this episode of Smart Wealth, Brett Cranson and Omari Whyte discuss the significant impact of interest rates on asset pricing and the financial realities faced by clients. They explore the challenges of mortgage renewals, the effects of interest rate changes on investments, and the importance of optimizing cash flow. The conversation emphasizes …
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In this episode of Smart Wealth, Brett Cranson and Omari Whyte discuss the critical importance of cash flow management in achieving financial stability and wealth building. They explore common cash flow issues faced by individuals, the significance of cash flow worksheets, and the behavioral changes necessary for effective cash management. Practica…
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In this episode of Smart Wealth, Brett Cranson and Omari Whyte discuss the critical importance of savings rates in financial planning. They emphasize the need for individuals to regularly review and adjust their savings rates, ideally aiming for a starting point of 4% to 10% of their income. The conversation highlights the significance of consisten…
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In this episode of Smart Wealth, Brett Cranson and Omari Whyte discuss the complexities of mortgage management, particularly focusing on whether to pay off a mortgage quickly or to invest that money elsewhere. They explore the concept of good debt versus bad debt, the impact of interest rates on mortgage decisions, and the importance of managing mu…
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In this episode of Smart Wealth, hosts Brett Cranson and Omari Weitz discuss the challenges of managing debt, particularly in the context of rising interest rates and financial stress. They explore strategies for overcoming debt, including the importance of budgeting, understanding different types of debt, and the methods of repayment. The conversa…
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In this episode of Smart Wealth, Brett Cranson and Omari Whyte discuss the essential elements of retirement planning, focusing on how much money one needs to retire comfortably. They explore the changing landscape of retirement savings, the importance of understanding individual needs, and the impact of lifestyle choices on retirement income. The c…
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In this episode, Brett Cranson and Omari Whyte discuss the evolution of financial advising in a post-COVID world, focusing on the shift to virtual meetings and how it has transformed client interactions. They explore the benefits of virtual meetings, including increased efficiency, enhanced client engagement, and a streamlined onboarding process. T…
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The conversation explores the pros and cons of investing in real estate versus other investment options. It discusses the potential benefits of real estate, such as long-term growth and cash flow, but also highlights the challenges and responsibilities of owning and managing investment properties. The conversation emphasizes the importance of consi…
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In this episode of Smart Wealth, Brett and Omari discuss saving for education, specifically for children. They start by highlighting the power of compound interest and early investing, using the example of investing in a hockey stick. They then dive into the details of Registered Education Savings Plans (RESPs) and how they work. They discuss the l…
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In this episode of "Smart Wealth," hosts Brett Cranson and Omari Whyte dive into the often-misunderstood world of financial advisors. They discuss the common misconceptions about what financial advisors do and emphasize the importance of aligning financial strategies with personal goals. Using relatable analogies, they explain how advisors, like pe…
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Have you ever found yourself lying awake at night, worrying about the ups and downs of the stock market and how they might impact your hard-earned savings? Today’s episode, we dive into the vital topic of de-risking your investment portfolio. We break down what de-risking means, why it's crucial for both new and seasoned investors, and share practi…
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Have you ever wondered how the capital gains tax impacts your financial future and what strategies you can use to minimize its effect? In this episode, we dive into the complexities of the capital gains inclusion rate and explore various strategic opportunities to manage your tax liabilities. Understanding these concepts is crucial for optimizing y…
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Are you contemplating whether to invest in rental properties or put your money into investment funds? This is a common dilemma for many investors, and understanding the pros and cons of each can help you make the best decision for your financial future. Brett and Omari delve into the age-old question of whether rental properties or investment funds…
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Have you ever wondered how changes in tax laws could impact your financial future? In this episode, we dive deep into the recent changes to the capital gains inclusion rate introduced in Canada’s 2024 federal budget. This significant policy shift affects Canadian investors, particularly those with substantial capital gains. You'll learn about the n…
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Allison Sheridan from Podfeet Podcasts joins us to discuss the more problematic side of home automation—when things don’t work as expected or desired. What’s annoying us in our respective smart homes and how do we deal with problems when they arise? Why do we even put ourselves through all this? We also touch on a few interesting smart home stories…
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Have you ever wondered if holding cash is the best strategy for your financial future, especially when it’s yielding an attractive 5%? In this episode, we unravel the complexities of this pressing question and dive deep into the world of personal finance. Join us as we explore whether it makes sense to stick with cash or diversify into stocks and b…
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Have you ever wondered why the thrill of achieving a financial milestone often fades so quickly? Why does the excitement of hitting that savings goal or landing a big investment windfall seem to diminish over time, leaving you chasing the next big target? In today's episode, we'll dive into the fascinating concept of hedonic adaptation and explore …
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Are you wondering if it's possible to retire comfortably in Canada with a $400,000 nest egg? In today's episode, we dive into this pressing question. Join Brett and Omari as they leverage their decades of experience in the financial services industry to provide you with actionable insights and practical advice. Whether you're nearing retirement or …
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Are you ready to unlock the mysteries of your financial future? Picture this: you're nearing retirement age, and the question of when to start taking your Canada Pension Plan (CPP) benefits looms large. Do you seize the opportunity for early access to funds, or do you hold out for potentially higher payments down the line? In this episode, we deep …
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Are you navigating the complexities of planning your retirement amidst today's economic uncertainties? Whether you're nearing retirement or already enjoying your golden years, understanding how to effectively manage your Registered Retirement Income Fund (RIF) is crucial for financial security. In this episode, we delve into actionable strategies t…
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In today's episode, we invite you to join us on a journey into the intricate world of smart wealth and financial wisdom. You'll unravel the transformative power of disengaging from the often-tumultuous daily market fluctuations. Whether you're a seasoned investor or someone just stepping into the fascinating realm of finances, this episode promises…
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In this episode, we delve deep into the crucial topic of safeguarding your children's financial future. Whether you're just starting to build wealth for your kids or well on your way, this episode is a must-listen. Discover strategies for educating your children about finances, the intricacies of setting up trusts, and the power of gradual wealth t…
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In this episode, we delve into a captivating topic that goes beyond the numbers and strategies often discussed in the financial world. Today, we explore the profound impact of gratitude on financial decision-making and overall well-being. Whether you're just starting your financial journey or looking to optimize existing strategies, this episode pr…
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In today's episode, Brett and Omari embark on an eye-opening exploration into a critical yet often overlooked aspect of investing: the intersection of politics and portfolios. Are your investment decisions inadvertently influenced by your political beliefs? Join us as we delve deep into the market's impartial nature, untangle the impact of unpredic…
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In this episode, Brett and Omari delve deep into the turbulence of the stock market amidst inflationary times. They aim to equip listeners with insights and strategies to navigate these challenging yet opportunistic financial scenarios. Episode Highlights: •Understanding Market Volatility •The Influence of Inflation •Strategies for Investors This e…
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In this episode, Brett and Omari shed light on behavioral biases, those elusive quirks residing in the human psyche that often led investors astray. Understanding these biases becomes the cornerstone for making informed investment choices and nurturing financial growth. Join them as they unravel these biases, equipping listeners with insights to ma…
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In this episode, join Brett and Omari embark on a comprehensive exploration of key financial strategies to help you optimize their financial present and future. They bring decades of experience in the financial services industry to deliver actionable insights for everyone, whether starting out on their financial journey or aiming to enhance existin…
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In this episode, join hosts Brett and Omari as they unlock the secrets to crafting a secure retirement plan tailored for life in Canada. Delve into the complexities of financial preparation for retirement, translating intricate concepts into actionable steps for your financial future. Episode Highlights: The role of pensions, government programs, a…
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In this insightful episode, hosts Brett Cranston and Omari White embark on a journey through the intricate world of the FHSA (First Home Savings Account). From navigating the complexities of the Canadian housing market to uncovering the superhero-like qualities of the FHSA, they unpack the mysteries, benefits, and potential pitfalls of this financi…
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In this episode, Brett and Omari set sail into the turbulent seas of the current financial climate. Using vivid imagery of stormy weather, they highlight the challenges posed by rising interest rates and the looming specter of inflation, framing the episode as a guide to protecting hard-earned cash amidst these economic tempests. Join them for acti…
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Prepare to embark on a journey towards financial empowerment! Join hosts Brett and Omari as they delve into the intriguing world of setting and achieving financial goals. In this insightful episode, they will uncover the common pitfalls that hinder financial success and introduce you to the revolutionary Smart Wealth Approach. Together, they'll exp…
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In this episode of the Smart Wealth podcast, hosts Brett and Omari delve into the often overlooked yet critical world of insurance planning. As they take you on a journey through the intricacies of life insurance, disability insurance, and critical illness insurance, you'll discover the essential role insurance plays in safeguarding your financial …
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In this episode, we dive deep into the murky waters of debt management, exploring strategies to help you navigate and conquer your financial challenges. Join our hosts, Brett and Omari, as they draw insightful analogies, share practical tips, and uncover the secrets to avoiding the treacherous quicksand of high-interest debt. Whether you're knee-de…
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Unlock the secrets to safeguarding your legacy and ensuring the financial well-being of your loved ones in today’s episode. Hosts Brett and Omari provide a comprehensive guide to estate planning, breaking down its importance, the components of a solid plan, common pitfalls to avoid, and practical steps to get started. Whether you're just beginning …
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Welcome back to another insightful episode. Today, we dive deep into the fascinating world of tax planning in Canada. Whether you're a financial novice or an experienced investor, you're in the right place to learn strategies that will help you navigate the Canadian tax landscape effectively. Join us as we uncover essential insights, tax-saving tip…
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In this episode, Brett and Omari delve deep into the world of personal finance, offering valuable insights and practical advice on various aspects of financial planning. Join them on this educational journey to master your finances and secure your financial future. Episode Highlights: • The misconception that budgeting is boring or tough, highlight…
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Welcome to another insightful episode of Smart Wealth: Navigating Your Financial Future! In today's show, your hosts, Brett Cranson and Omari White, embark on a journey to demystify the world of financial planning. With decades of combined experience in the financial services industry, they are determined to make financial planning approachable and…
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Welcome back to another insightful episode! We're thrilled to have you join us as we delve into the world of finance and investing. In today's discussion, we're breaking down the fundamental concepts that are essential for anyone looking to secure their financial future through strategic investment. Join hosts Omari and Brett as they guide you thro…
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Jeff Butts, Managing Editor at The Mac Observer joins us. We ponder why Signify would want to get into the security game (and why consumers would want them to), discuss some updates on previously reported news, and dive into a discussion about the current state of HomeKit. New architectures, Shortcuts, and Matter…and what’s with this Works with App…
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In this episode, your hosts, Brett Cranson and Omari Whyte, dive deep into the world of retirement planning and savings strategies. Whether you're just starting your financial journey or looking to optimize your existing strategies, this episode provides valuable insights and actionable advice to help you pave the way for a secure and prosperous re…
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Welcome to the inaugural episode of "Smart Wealth - Navigating Your Financial Future!" We are thrilled to have you on this exciting journey together. In this podcast, your hosts, Omari and Brett, bring together their decades of experience in the financial services industry to provide you with invaluable insights and guidance for achieving financial…
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MyHomeKithome YouTuber and podcast host Dustin Boggus joins Richard to talk about accessibility in the smarthome. Sure, it’s fun and futuristic to have lights and digital assistants that obey your commands and react to your presence…but what if your ability to work and live safely in your own environment depended upon it? Dustin shares his experien…
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Amazon makes an infuriating money grab for Ring app features you’ve been using for years, Sonos is expected to use a product launch as an opportunity to raise prices again, and Leviton will be rolling matter support out to 2nd generation Decora Smart products with a firmware update. Finally, several quarters in now, what’s Insteon Technologies up t…
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Richard once again joins other hosts from the Technology.FM podcasts to share in their annual tradition of the fireside chat. What caught their attention this year, what do they think will be big next year, and how did they fare with last year’s predictions? As always, this special DMZ mix offers fewer ums, fewer digital assistant triggers, and–per…
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Chamberlain killed its overpriced, unreliable HomeKit Home Bridge, Tado has a money-saving program that might actually use more energy, Lutron adds to its Caséta lineup, and everyone’s getting into Matter (hopefully). We review all this and more with HomeKit developer Matt Corey, then talk with Matt about some of the ways he’s using HomeKit, Shortc…
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You’re moving into a new home, and you want to do things right from the start. Where do you begin? This is the situation Richard’s friend Kent Fellure finds himself in, and we’re delighted to talk with him about some options for security, lighting, HVAC, and more. And of course, Kent joins in some banter about this month’s smart home news from Wemo…
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What do you do when you hit a wall on your smart home projects? You can’t do something, don’t know something, or just don’t have the time. Robert Spivack of DoItForMe Solutions is here to help! That plus, of course, we discuss the latest news and updates from Philips Hue, Insteon, and Wink. Yep, Wink. They’re down. Again. Is it for good? They say N…
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