Episodes
21
Latest episode
Jun 2026
Language
EN
Welcome to the Modern Cents Podcast, your guide to navigating the ever -evolving world of personal finance. Join me, Andrea Thompson, for insightful interviews and non -traditional perspectives on modern finance. Let's redefine the way we think about money together.
The article discusses the impact of depressed home prices on mortgage holders in Canada, highlighting challenges in refinancing and accessing equity. It also provides advice on planning ahead and understanding mortgage options.TakeawaysRefinancing challenges due to depressed home pricesImportance of planning ahead and understanding mortgage optionshttps://mortgage-analyzer-plus.replit.app/
This episode of The Modern Cents Minute discusses the concept of prediction markets, their function, and the risks associated with them. It also highlights the inclusion of prediction markets in investment platforms and concludes with a warning about the dangers of engaging in prediction market gambling.TakeawaysPrediction markets involve gambling on outcomes of various events.Inclusion of prediction markets in investment platforms poses significant risks to investors.Chapters00:00 Introduction to Prediction Markets
The episode emphasizes the critical role of cash flow in retirement planning, highlighting the significance of understanding committed and spendable expenses. It provides insights into the impact of committed and spendable expenses on retirement lifestyle and the importance of tracking cash flow for effective retirement planning.TakeawaysCash flow is crucial for retirement planningUnderstanding committed and spendable expenses is essential for retirement planningChapters00:00 The Importance of Cash Flow in Retirement Planning
Andrea discusses today's Wealthsimple announcement which introduces new features for managing children's money, data aggregation, household setup, partner marketplace, authorized trader feature, expansion into business checking, business checking features and benefits, portfolio line of credit, physical cash deposit locations, household expense tracking, insights on spending, and concludes with an overview of Wealthsimple's impact on the industry.TakeawaysWealthsimple introduces innovative features for managing children's moneyWealthsimple expands its services to include business checking and portfolio line of creditChapters00:00 Introduction to Wealthsimple Announcement05:10 Partner Marketplace and Authorized Trader Feature
The episode discusses the growing influence of social media influencers in providing financial advice and the potential pitfalls of following oversimplified strategies. It emphasizes the importance of personalized financial planning and the need to approach social media content with skepticism and curiosity.TakeawaysFinancial advice from social media influencersPersonalized financial strategiesGlobe Article
The conversation explores the challenges of perfect planning, the impact of unexpected life changes, the importance of adaptive planning, and the need to redefine value and purpose in financial planning. It emphasizes the concept of adaptive planning and the significance of understanding the core purpose behind financial goals.TakeawaysAdaptive planningRedefining value
Andrea Thompson discusses a strategy to teach financial autonomy to teens and preteens through the $100 monthly experiment. The experiment involves transferring $100 to the teen's account and letting them manage their non-essential expenses. Tips for implementing the experiment and the importance of review and reflection are also highlighted.TakeawaysTeaching kids financial autonomyMonthly budgeting strategy
Andrea Thompson introduces the Modern Cents Minute, a new weekly feature that aims to provide high signal insights from real-world client situations in modern financial planning. The first episode focuses on a client conversation that highlights the shift from retirement planning to a deeper concern for sustainability and resilience in the face of changing circumstances.TakeawaysResilienceImmediate fear of sustainabilityChapters00:00 Introducing the Modern Cents Minute
The conversation covers Vikki Brown's career transition from travel consulting to financial planning, her experience in cross-border planning, the intersection of financial planning and travel, the shift to virtual financial planning, and her personal interest in powerlifting. Vikki's journey highlights the diverse paths that can lead to a successful career in financial planning and the unique challenges and opportunities of cross-border financial planning.TakeawaysCareer TransitionCross-Border PlanningChapters00:00 Introduction and Career Beginnings04:52 Transition to Financial Services09:56 Moving Across Borders15:08 Financial Planning and Travel20:11 Virtual Financial Planning24:58 Powerlifting and Conclusion
Today on the podcast, we discuss Emily's journey in the mortgage industry, her transition to independence, and the balance between work and family life. We also discuss her role as a coach and mentor in the mortgage industry, as well as the importance of understanding mortgage rates and planning.Find Emily:@emilymortgagebroker (Instagram)@emilymiszk5532 (Youtube)https://www.portcreditmortgages.com/Chapters00:00 Understanding Mortgage Rates and Planning25:20 Building a Trusted Team for Real Estate31:40 Considerations for New Canadians Seeking a Mortgage36:44 Understanding the 5 C's of Credit for Mortgage Applications46:07 Mortgage Renewal Fears
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