EPISODE #1 - With Whitney Hammond & Theresa Pellizzari
SHOW HIGHLIGHTS:
+ How to navigate your finance during an economic crisis, such as Covid19
+ Understanding previous market crashes and what that means today
+ Algorithms in the market :buying and selling
+ How to use this extra time of self isolation to get your finances on track and create a financial road map
+ Why creating a nest egg (bomb shelter savings) now can help you create safety and security
EPISODE #2 - With Whitney Hammond & Theresa Pellizzari
SHOW HIGHLIGHTS:
+ Why in a "correction" period is the BEST time to invest in the stock market
+ Coping with financial stress (hint: it starts with a plan)
+ Creating income in retirement
+ Why you must pay yourself first
+ Cash flow: being aware of your money leaks and spending habits
PART 1
PART 2
EPISODE #3 - With Whitney Hammond & Theresa Pellizzari
SHOW HIGHLIGHTS:
+ Navigating the feast and famine of being an entrepreneur
+ What your "burn rate" is and how to calculate it + Balancing the amount you NEED to make vs. the amount you WANT to make
+ Why you must pay yourself FIRST (retained earnings) + WHY as an entrepreneur you must save for a rainy day and have ample cash flow
+ Covid19 won't last forever. There is light at the end of the tunnel! Your sales will only be delayed!
+ Using this time in lockdown to take a look at your spending habits (why mental math won't work!)
+ Business owners: this is where we slow down, in order to speed up
EPISODE #3 -PART 2
SELF EMPLOYED / BIZ OWNERS
+ How do you save when you don't have a fixed income
+ How to determine your burn rate⠀
+ An example budget and breakdown ⠀
EPISODE #4 - With Whitney Hammond & Theresa Pellizzari
SHOW HIGHLIGHTS:
+ a story about HOW Whitney began saving at age 20
+ our mission: gain control of your money so your money doesn't control you
+ moving past our financial fear + regaining control of spending/saving
+ how to know if you are getting solid financial advice (who to trust)
+ getting in the habit of paying yourself first
EPISODE #5 - With Whitney Hammond & Theresa Pellizzari
SHOW HIGHLIGHTS:
+ understanding when is a good time to invest (hint: anytime!)
+ saving buckets and how to save in an organized way
+ why money attracts money (saving and growth)
+ what are mutual funds, stocks, stock brokers
+ beware of "cheap" mutual funds + the risks with stocks/mutual funds
EPISODE #6 - With Whitney Hammond & Theresa Pellizzari
Have you ever wondered why some people have their financial security in place and others struggle to make ends meet? In this episode we talk about MONEY ARCHETYPES. There's 9 of them we put together and we talk about 5/9:
+ The Martyr
+ The Avoidant Princess
+ The Victim
+ The Innocent
+ The Squirrel
Which one do you most identify with? And don't forget to tune in Friday May 1st where we talk about the other 4 money archetypes
EPISODE #7 - With Whitney Hammond, Theresa Pellizzari & Brittany Hammond
In this episode we talk about MONEY ARCHETYPES. There's 9 of them:
👛 The Martyr
👛 The Avoidant Princess
👛 The Victim
👛 The Innocent
👛 The Squirrel
👛 The Fool
👛 The Saboteur
👛 The Money Slave
👛 The Old School
Which one do you most identify with?
Welcome to Episode #8 of WISDOM TO WEALTH with Whitney Hammond & Brittany Hammond
SHOW HIGHLIGHTS:
+ the 9 money spending/saving archetypes
+ why we are SO afraid to look at our finances
+ how you can implement simple habits to go from “money avoidant” to “money empowered”
+ money saving/spending habits of the “squirrel”
Welcome to Episode #9 of WISDOM TO WEALTH with Whitney Hammond & Theresa Pellizzari.
SHOW HIGHLIGHTS:
+ Why it's important to speak with a Financial Advisor before buying insurance- so that you get the right coverage, premium
+ What is life insurance and why do I need it?
+ Mortgage insurance
+ Why you need to have a FULL disclosure of your health when you APPLY for life insurance
+ Banks do the underwriting at the time of death, insurance companies do it at the time of application + Refinancing your home, renovating your home, consolidating debt
Welcome to Episode #10 of WISDOM TO WEALTH with Whitney Hammond & Theresa Pellizzari.
SHOW HIGHLIGHTS: (Biz Owner Edition)
Who wants to pay more tax ?!
+ What to do with extra money in the account, excess money in the company, how to use it, reduce taxes, reduce risk
+ The importance of retained earnings (keep it in cash? invest it?)
+ what is "vested" money and insurance policies
+ basics of transferring money from one generation to another + estate planning / forecasting / wealth trajectories
If any of you are a business owner and didn't understand something we mentioned here, PLEASE reach out to us!
Welcome to Episode #11 of WISDOM TO WEALTH with Whitney Hammond & Theresa Pellizzari.
SHOW HIGHLIGHTS: (SPRING CLEANING EDITION)
As advisors, we are problem solvers. We aren't here to judge you.
We are teaching the top 5 tips + habits for a healthy financial situation.
+ avoiding shame/blame over financial situation
+ why positive affirmations "I am worthy' do work!
+ accumulating credit card interest + Taking a non-judgemental look at your credit card statement: where are you spending money? How can you systematically put money away?
+ why you need an emergency fund (hint: Covid19)
Welcome to Episode #12 of WISDOM TO WEALTH with Whitney Hammond & Theresa Pellizzari.
SHOW HIGHLIGHTS: (SPRING CLEANING FOR FINANCIAL SECURITY) pt 2
+ Building/ repairing credit score (720+)
+ Evaluating your retirement plan (no matter what age)
+ Understanding market timing (hint: it doesn't work!!)
+ Diversifying your assets
+ Why you shouldn't obsess over your house value
+ Why life insurance is so important
+ Emergency savings ( keeping 3-6 months aside)
Welcome to Episode #13 of WISDOM TO WEALTH with Whitney Hammond & Theresa Pellizzari.
SHOW HIGHLIGHTS:
+4 tips on life insurance -
+when you need life insurance, depending on what stage of life you're in +Understanding insurability
+The difference between mortgage life insurance at the bank and vs the insurance company
+ The BEST kept secret, why working with a licensed Financial Planner is more beneficial than the banks!
Welcome to Episode #14 of WISDOM TO WEALTH with Whitney Hammond & Theresa Pellizzari.
Question sent in by a regular viewer: How Do We ConvinceA Client To Implement?
In this episode, we talk about the VALUE of advice. -education, career, knowledge.
Teachings from the book Smart Women Finish Rich
In this solo episode, Whitney Hammond talks about:
-everyone makes enough money
-estimate how much you spend each month, calculate your burn rate
-take the 7 day spending challenge
-start paying cash (psychological tweak)
-don't overspend on credit cards, never spend more than $100 without giving yourself 48 hours to think about it!
Welcome to Episode #16 of WISDOM TO WEALTH with Whitney Hammond & Theresa Pellizzari.
SHOW HIGHLIGHTS:
+How to help teenagers manage their money
+Raising them to be financial independent
+The secret to getting wealth is to save your money
+Saving/spending habits (cash flow analysis) for post-secondary students
+Why teaching kids how to manage their money is critical to their financial future
In this episode, Whitney Hammond shares her raw and honest experience with money, the beliefs inherited by family, how to overcame scarcity and moved into abundance and the true mission of Wallet To Wealth - WHY it's so important to be financially empowered as a woman. She addresses the following questions, asked by Brittany Hammond:
What were some of the beliefs you had about money growing up
How important is it to you to adapt our own beliefs and not take on limiting beliefs of others?
What are some significant money disasters that taught you deep lessons?
Share your experience of feeling disempowered financially while you were at the shelter. How did you overcome those hurdles?
How does Wallet To Wealth / Wisdom To Wealth serve as a legacy to help other women today?
What would you say to the woman who isn't holding her purse strings, who isn't financially free/empowered, struggling or feeling trapped - what guidance/roadmap would you give to her?
Welcome to Episode #18 of WISDOM TO WEALTH with Whitney Hammond & Theresa Pellizzari.
SHOW HIGHLIGHTS:
-What is a Will?
-WHY you need a will and WHY you need one
-What happens if my Will is contested ?
-56% of Canadians do NOT have a signed will, which is very problematic
-Can cost you more in legal battles than taking the time to do it
-Your assets do not automatically roll over to your spouse
-Why you need an exit strategy (for business owners)
Personal will (probated)
Business will (not probated)