Tag: finance

Kris Dureau Financial Advisor, 3 Hats Financial, The Ride Podcast, The Ride: Life, Work and Wealth.
Retirement Regrets: Avoiding Common Pitfalls (Ep. 75)

Retirement Regrets: Avoiding Common Pitfalls (Ep. 75)

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Welcome to The Ride: Life Work and Wealth podcast, brought to you by Green Private Wealth, where we empower you to optimize your financial journey. Today’s episode delves into the often-overlooked aspect of retirement: regrets. While many envision retirement as a golden period, unforeseen challenges can arise, impacting financial stability and overall well-being. Join us as we explore common regrets shared by retirees, offering insights and strategies to navigate these potential pitfalls.

Key Points Covered:

  • Spending Habits: Discussing the regret of not spending more in early retirement years and the importance of balancing financial prudence with enjoying life’s pleasures.
  • Three Phases of Retirement: Exploring the dynamics of the “go go,” “slow go,” and “no go” phases and their implications on spending habits and lifestyle choices.
  • Financial Planning: Stressing the significance of retirement income projection plans to ensure financial security while enjoying retirement.
  • Impact on Family Dynamics: Addressing the dynamics of retirees assisting adult children financially and the importance of balancing generosity with financial stability.
  • Timing of Retirement: Examining reasons for delaying retirement and the potential regret of not retiring earlier, backed by insightful statistics and real-life anecdotes.
  • Purpose and Relationships: Emphasizing the need for retirees to discover their purpose, build new relationships, and engage in fulfilling activities to enhance overall well-being.
  • Health and Longevity: Highlighting the correlation between health, longevity, and retirement satisfaction, with practical tips inspired by the Blue Zones lifestyle.

Benefits for Listeners:

  • Gain insights into common retirement regrets and strategies to avoid them.
  • Learn practical tips for balancing financial prudence with enjoying retirement.
  • Discover the importance of purpose, relationships, and health in retirement satisfaction.
  • Find inspiration to plan for a fulfilling retirement tailored to individual aspirations and values.

We invite you to share your thoughts, questions, and personal experiences regarding retirement regrets and strategies for a fulfilling retirement. Connect with us on Facebook, LinkedIn, or visit our website, GreenPrivateWealth.com, to continue the conversation.

Don’t miss out on optimizing your retirement journey. Subscribe to the Ride: Life Work and Wealth podcast on iTunes or Spotify for more financial insights. Until next time, remember: your retirement dreams deserve a plan that empowers your best life.

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31. 5 Tips to Help Your Elderly Parents With Money

31. 5 Tips to Help Your Elderly Parents With Money

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As a family caregiver, knowing when and how to help your parents with their money is not an easy feat. 

Kris Dureau understands the transition is often awkward to navigate. That’s why he’s providing the guidance you need in this episode of The Ride: Life, Work, and Wealth.

This week, Kris reveals five must-know tips to help you lead your parents with their money. He highlights that not every parent requires immediate financial assistance and explains why it’s better to work with them according to their own time and pace.

Kris discusses:

  • Signs that indicate it’s time to help your parents with their money
  • Ways caregivers can ensure they have access to the documents they need to assist their parents
  • Reasons why you should be aware of your family finances
  • The importance of constantly updating the family will 
  • And more!

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Episode 23 – Spring Clean Your Finances With These 6 Steps

Episode 23 – Spring Clean Your Finances With These 6 Steps

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With spring upon us, now is the perfect time to do some financial closet-cleaning.

Are you ready to get started?

Join Kris Dureau in this episode as he guides you through your financial spring cleaning with six simple steps that will help you get your finances organized and ready for the coming seasons.

In this episode, you will learn:

  • The benefits of a financial filing system 
  • Why you should always review your investments and rebalance your portfolio
  • Which insurance policies you should be checking on
  • How to verify your credit score 
  • And more!

Listen in and start sprucing up your financial picture today!  

Resources:  Resources: Cashflow Spreadsheet | Equifax | TransUnion

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Episode 16 – How to Retire Well — Part 2

Episode 16 – How to Retire Well — Part 2

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It’s no secret that when it comes to preparing for retirement, one major question pre-retirees are asking is, “Will I have enough to retire?”

In part two of his miniseries on retiring well, Kris Dureau reveals how you can find out the answer to this question. He highlights three financial areas to consider when assessing your retirement-related finances, assets, and benefits so that you can achieve the retirement lifestyle you’ve always desired.

In this episode, you will learn:

  • The difference between discretionary and non-discretionary expenses
  • How to plan for your retirement cash flow
  • Why you should create a debt inventory — and how to do it
  • How creating three financial buckets can help your portfolio in retirement 
  • And more!

Tune in now to discover actionable tips for preparing your finances to retire well!

Resources:  How to Retire Well – Part 1 | Cash flow Spreadsheet | Retirement Shift Worksheet

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Episode 15 – How to Retire Well – Part 1

Episode 15 – How to Retire Well – Part 1

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When you retire, what will you retire to? How do you envision your retirement? 

To help you create a smooth transition into life’s next chapter, join Kris Dureau for this new two-part mini-series on what it takes to retire well. In part one, Kris examines the mental side of retirement and breaks down five unique qualitative exercises that are designed to help retirees understand what retirement means to them.

In this episode, you will learn:

  • How the retirement landscape is changing
  • Three Hats Financial’s five stages of retirement coaching 
  • How clients have benefited from Three Hats’ retirement planning techniques 
  • How the My Retirement Worksheet can help you adjust to retirement 
  • And more!

Tune in now to discover key ways you can transition into your retirement so that you can live, and retire, well!

Resources:   Epic Retirement Clip 

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Episode 14 – What to Know Before Making a Midlife Career Change — With Lisa Taylor

Episode 14 – What to Know Before Making a Midlife Career Change — With Lisa Taylor

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Do you want to pursue a new career but are unsure whether you should truly go for it? 

In this episode, Kris Dureau sits down with the Challenge Factory’s Lisa Taylor. Lisa is an in-demand speaker with expert insight into today’s changing workforce. Now, Lisa details how transitioning to a new career path can be life-changing and what you can do to achieve it! 

In this episode, you will learn:

  • How to conquer the fear of making a career change
  • The 4 domains of changing career paths: needs, talents, passions, and impact
  • Where to receive career counselling and guidance 
  • Ageism in the workforce
  • And more!

Tune in and discover how Kris and Lisa can help you on your new career journey! 

Resources: Challenge Factory

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Episode 13 — What Should you Know When Buying a New or Used Car — With Greg Carrasco

Episode 13 — What Should you Know When Buying a New or Used Car — With Greg Carrasco

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Buying a new car is never a simple process, especially when there is so much to consider.

To help you better navigate the process, Kris Dureau enlists the help of Greg Carrasco for today’s episode. As the host of The Greg Carrasco Show, one of the most influential and largest automotive radio shows in Canada, Greg has over 27 years of experience in the automotive industry and is well-versed in all things cars.

Today, Greg shares tips and tricks to help you make the best decisions when buying a vehicle.

In this episode, you will learn:

  • How COVID-19 has impacted the automotive industry
  • The best time of year to buy a vehicle
  • Strategies for trading in your vehicle
  • The importance of buying an extended warranty
  • And more!

Join Kris and Greg now for your run-down on what you should consider when shopping for your next car!

Resources: The Greg Carrasco Show

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Episode 12 – Managing Chronic Illness With Chronically Simple — With Guest Kristy Dickinson

Episode 12 – Managing Chronic Illness With Chronically Simple — With Guest Kristy Dickinson

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Having a chronic illness can be anything but simple. That’s where Chronically Simple can help.

Today, Kris Dureau joins Kristy Dickinson, the creator of Chronically Simple, an app designed to help individuals and their families better manage their health. 

Kristy shares how her personal experience with a chronic illness led her to create the app, highlighting just how important the app is and how it can help simplify the lives of those with chronic illnesses. 

In this episode, you will learn:

  • Which gaps in the healthcare system Chronically Simple aims to fill
  • How a lack of information can impact testing and treatment
  • The benefits of keeping your medical information organized
  • How Chronically Simple can help during this COVID-19 pandemic
  • And more!

Tune in now and discover how Chronically Simple can change the way you manage your health!

Resources: Kristy’s Email ❘ Chronically Simple

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Episode 11 – What’s in Your Portfolio? How to Invest Responsibly — With David Rutherford

Episode 11 – What’s in Your Portfolio? How to Invest Responsibly — With David Rutherford

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Today’s investors don’t just want a portfolio that’s well-diversified. They also want a portfolio that’s going to make an impact.

Today, Kris Dureau joins David Rutherford to bring you some clarity on how you can become a more informed, responsible investor and invest in a way that aligns with your values. 

As vice president of NEI Investments’ ESG services, David reveals ways you can invest in companies that are working towards a better tomorrow and how responsible investing can enhance both your portfolio and life.

In this episode, you will learn:

  • The different components of ESG investing
  • How NEI Investments screens companies for their ESG score
  • Why responsible investing is on the rise
  • How returns on ethical funds compare to regular funds
  • And more!

Tune in now and discover how your investing today can help bring a better tomorrow!

Resources: David Rutherford ❘ NEI Investments

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Episode 10 — 5 Financial Considerations for Transitioning into Your Post-COVID-19 Life

Episode 10 — 5 Financial Considerations for Transitioning into Your Post-COVID-19 Life

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As COVID-19 restrictions begin to ease up, what will your new normal look like? More importantly, how are you planning for your new normal? 

Today, join Kris Dureau as he discusses five key steps you should take when planning for your transition into your post-COVID-19 life. In this episode, Kris emphasizes the importance of reviewing your financial plan — and why you should ensure that your retirement plan still works for you.

In this episode, you’ll learn:

  • The difference between negotiable and non-negotiable expenses
  • The importance of having a plan
  • Why you should be reviewing your investments
  • How those retiring might be impacted during the transition out of this pandemic
  • And more!

Listen now to learn about the considerations you should keep in mind as you begin your transition out of the COVID-19 crisis!

Resources: Ep 6 – Why Everybody Needs a Will ❘ Ep 2 – Creating Your Financial Lifeline

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