Cash Flow – The Ride: Life, Work and Wealth

Windfall Wisdom: What to do When You Inherit a Large Sum of Money (Ep. 67)

By theridelifeworkandwealth | April 5, 2023

Who hasn’t bought that lottery ticket hoping it’s the winner in the big? But what if it really happened? What would you do? The same goes for any kind of windfall, including an inheritance or a gift.

In this episode, Kris Dureau details the steps you need to take to make sure you safeguard the wealth and the process following a windfall along with a number of informed decisions you can then make that will maximize the payout.

Kris discusses:

How you can direct your inherited wealth to four different “buckets”
The tax deferral benefits of different investment vehicles
The benefits of giving or donating a portion of your wealth
How to comfortably save for retirement in today’s wealth climate
And more

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28. 8 Ways You Can Earn Your Financial Self-Defence Black Belt

By theridelifeworkandwealth | June 16, 2021

Kris Dureau has practiced martial arts since he was 12 years old.

This hobby taught him that self-defence is all about situational awareness, so that he can identify and avoid bad situations.

In this episode, Kris Dureau highlights how martial arts principles can apply to eight key areas of your financial life. By practicing these principles, you, too, can learn to protect yourself and gain situational awareness around your money.

Kris discusses:

Why you should review your insurance policies regularly
How knowing your household cash flow can protect your finances
The idea of paying yourself first
Benefits of debt inventory and planning
The importance of portfolio protection for soon-to-be retirees
Reasons to get power of attorney documents ASAP
And more

Resources:

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Episode 25 – Your 10-Step Pre-Retirement Checklist

By theridelifeworkandwealth | April 14, 2021

One of the reasons why retirement is such a major life decision is timing. If you retire too early, you might have financial trouble. If you retire too late, you might not have the energy to enjoy it to the fullest.

So, when is it the right time to retire?

To help you decide, Kris Dureau walks you through his 10-step pre-retirement checklist. This list will help shed light on the different financial, health, and planning considerations you need to be aware of as you approach your next stage of life.

In this episode, you will learn:

Why you need to choose the type of retirement you want to live
How a cash flow plan, emergency funds, and health insurance can help you improve your retirement needs
How retirees and pre-retirees can approach debt
Benefits of changing your accumulation portfolio to a retirement income portfolio
And more!

Tune in today and discover how you can better navigate the path of retirement planning!

Resources: Episode 6 – Why Everybody Needs a Will | Episode 15 – How to Retire Well (Part 1) | Episode 16 – How to Retire Well (Part 2) | Retirement Shift Worksheet | Cashflow Spreadsheet

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