You’ll find plenty of pearls of financial wisdom from celebrity gurus. But how much weight should you give their recommendations about saving, spending and investing? This week, with the help of our debate moderator Annie Nolan, a Senior Financial Advisor at Island Savings, our regular hosts dispute the financial advice from five popular personalities. Will you agree with Travis or Derrick on these important motions:
22:50 – Weekly Financial Fix: Travis has three questions to ask yourself to validate the financial advice from a celebrity guru.
If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrick your question at islandsavings.ca/wealthbeing, or at email@example.com, and we will consider it for a future episode.
Our WealthBeing Hosts
B.Eng, CFA, CFP®, CIM, FCSI, CIWM
Senior Wealth Advisor | Senior Investment Advisor
Island Savings Insurance Services | Credential Securities
Travis has been serving the financial needs of members in the Credit Union system since 2007 and is one of the most accredited financial advisors in Canada. He holds the globally recognized Charted Financial Analyst (CFA) designation, passing all three tests on his first attempt. In addition he is a Certified Financial Planner (top 1% of his class), Canadian Investment Manager(CIM), Fellow of the Canadian Securities Institute(FSCI) and a Chartered Strategic Wealth Professional(CSWP).
Travis specializes in working with Island Savings members who are US citizens and transferring American assets to Canada. He has extensive experience in retirement income and estate planning and enjoys helping members find ways to maintain a steady income when they are no longer working.
Branch Manager, Island Savings, Westshore
From work to play, Derrick is always helping people live well. As manager of Island Savings' Westshore branch, he leads a team to help members become educated and feel confident about their financial picture. Throughout his eight-year career in the financial industry, Derrick has helped people understand how to set and meet goals that take care of their immediate needs, family finances, long-term aspirations, and retirement. He believes that simple financial planning starts with trusted advice, and leads to a more fulfilling life.
Derrick's desire to help others thrive extends well beyond his workday. From a young age he involved himself in the community as a volunteer firefighter, Big Brother, advocate for BC Children's Hospital, lead fundraiser for the United Way, and by teaching financial literacy to local schoolchildren.
Ask Derrick for help and he'll give you 110%, believing that the result of his effort will pay-off in multitudes. Whether he is helping his family, friends, or Island Savings' members, Derrick is always happiest when he's making a difference. He believes that a strong community leads to stronger, happier individuals.