Financial Advisor Brent Vandermeer from Ottawa-based CrossPoint Financial joins Dave and Reb to talk about what a financially resilient household can look like. This is the first of two back-to-back interviews where Brent helps Dave and Reb unpack the basics of investing.
On today’s show, they also tackle a very common question they hear in the marketplace: “Once we’ve paid off consumer debt, should we pay down our mortgage first, or invest?” This is a question Dave gets asked regularly at the More Than Enough monthly Financial Fitness Seminar, and in his mortgage practise. “There is no easy, black and white, answer to this,” he says.”So much depends on your story and circumstance, and how comfortable you are with debt.”
In their discussion, Dave, Reb, and Brent emphasize the importance of living on less than you make, and developing savings habits, no matter how you answer that question for yourself.
“Developing savings habits is an important part of your investing journey,” Dave says. “It is part of building a financially resilient household.”
Today’s show is sponsored by More Than Enough Financial, a financial coaching company that helps people find hope and freedom on their financial journey. If you or your business is interested in sponsoring one of these radio show/podcasts, contact the More Than Enough office at 613-520-4157.