The Modern Cents Podcast

Hosted by Andrea Thompson

Business InvestingInterviews guests

Website RSS feed

Episodes

Latest episode

Jul 2026

Language

About the show

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.

Listen to episodes

24 recent

July 3, 20265 min

The Modern Cents Minute: Ditch the Password Notebook Before It’s Too Late

The episode discusses the need for a digital transition in managing power of attorney responsibilities, highlighting the challenges with handwritten records and the importance of secure digital solutions. It explores dedicated password apps, ecosystem tech for digital legacy, and provides practical steps for implementing the transition. Takeaways Digital transition for power of attorney is essential Implementing secure digital tools is crucial for managing power of attorney responsibilities Chapters 00:00 Preparing for Power of Attorney 05:15 Implementing the Transition

June 26, 20264 min

The Modern Cents Minute: The RESP Loophole You're Missing

The episode discusses the importance of protecting a child's tuition fund, the risks associated with estate planning laws, and the impact of cross-border traps on the fund. It also provides solutions for ensuring the security of the fund through proactive planning and legal measures. Takeaways Protecting an RESP requires proactive estate planning Avoid naming US citizens as subscribers or successors Consider setting up a testamentary trust for ironclad security Reference: https://privatewealth-insights.bmo.com/en/insights/estate-trust/considering-resps-part-your-estate-plan/

June 19, 20264 min

The Modern Cents Minute: The $1.6 Billion Lost & Found

The episode discusses the topic of unclaimed money in Canada, highlighting the process of how money ends up in the Bank of Canada, the timeline for unclaimed money, and how individuals can search for unclaimed money. It provides valuable information on how to access unclaimed funds and encourages listeners to conduct their own searches. Takeaways Unclaimed money in Canada How to search for unclaimed money https://www.unclaimedproperties.bankofcanada.ca/

June 12, 20265 min

The Modern Cents Minute: Mortgage Renewal Mindfulness

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. Takeaways Refinancing challenges due to depressed home prices Importance of planning ahead and understanding mortgage options https://mortgage-analyzer-plus.replit.app/

June 5, 20264 min

The Modern Cents Minute: The Prediction Pit

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. Takeaways Prediction markets involve gambling on outcomes of various events. Inclusion of prediction markets in investment platforms poses significant risks to investors. Chapters 00:00 Introduction to Prediction Markets

May 29, 20265 min

The Modern Cents Minute: Retirement Planning is Cash Flow Planning

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. Takeaways Cash flow is crucial for retirement planning Understanding committed and spendable expenses is essential for retirement planning Chapters 00:00 The Importance of Cash Flow in Retirement Planning

May 22, 202610 min

The Modern Cents Minute: Wealthsimple is Taking Over Your Life

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. Takeaways Wealthsimple introduces innovative features for managing children's money Wealthsimple expands its services to include business checking and portfolio line of credit Chapters 00:00 Introduction to Wealthsimple Announcement 05:10 Partner Marketplace and Authorized Trader Feature

May 15, 20264 min

The Modern Cents Minute: Why we're all obsessed with Finfluencers

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. Takeaways Financial advice from social media influencers Personalized financial strategies Globe Article

May 8, 20264 min

The Modern Cents Minute: The Myth of the 5-Year Map

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. Takeaways Adaptive planning Redefining value

May 1, 20264 min

The Modern Cents Minute: Teaching Kids Financial Autonomy

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. Takeaways Teaching kids financial autonomy Monthly budgeting strategy