Breaking Barriers: Women and Financial Literacy

02/19/24 • 54 min

Toronto Real Estate Investing with Nicole

As a woman, if you've ever said (or thought) "I don't understand this," when it comes to financial planning, this episode will simply change how you think.
Sara McCullough, a seasoned expert from WD Development with over two decades in the finance sector, passionately advocates for a deeper awareness of one’s financial landscape and the significance of making educated choices. She challenges listeners to discard any self-doubt about their financial acumen, to embrace a positive relationship with money, and to understand the emotional dynamics at play.
Sara underscores the necessity of posing the right inquiries to fully grasp the advantages and potential pitfalls of financial decisions.
Listen For
7:14 Money as a Tool for Achieving Dreams
8:41 Understanding Financial Designations and Who is Really Working FOR You
20:11 Why Women Need to Stop Saying “I don’t Understand” They CAN and DO Understand
43:55 Aligning Financial Decisions with Personal Goals
Guest: Sara McCullough, CFP, CFDS, CDFALinkedIn | Website
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Contact Nicole Lopez
Real Estate AgentRoyal LePage Credit Valley Real Estate, Brokerage
Email | Website

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Previous Episode

Making Sense of Reverse Mortgages

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A reverse mortgage is a financial tool that allows homeowners aged 55 and above (in Canada) to borrow against the equity in their homes. A reverse mortgage could be beneficial in scenarios such as funding home renovations, helping adult children with down payments for their own homes, or supplementing income for seniors with high healthcare expenses.
Reverse mortgages do not require income verification or stress tests, and repayment is flexible, with no payments required until the home is sold or the last homeowner passes away. Remember ALL homeowners on the title must be over 55, and the property must be well-maintained and in a good location to qualify.
Listen For
3:06 The Differences Between Canadian and U.S. Reverse Mortgages
5:07 Eligibility and Family Considerations
6:52 Using the Reverse Mortgage for Home Renovations and Creating Rental Units
12:36 The Flexibility of Repayment
Contact Nicole Lopez
Real Estate AgentRoyal LePage Credit Valley Real Estate, Brokerage
Email | Website

Next Episode

Unlocking the Doors to Home Ownership in the Greater Toronto Area

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There really are many programs specifically tailored to help homebuyers navigate the complex path to purchasing a home.
A shared-equity program is highlighted as the episode sheds light on how this resource offers a lifeline to support homebuyers.
Guest: Lorne Andrews, GTA Mortgage Lending, Dominion Lending Centres
Website | Email
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Leave a rating for this podcast with one click here
Contact Nicole Lopez
Real Estate AgentRoyal LePage Credit Valley Real Estate, Brokerage
Email | Website

Toronto Real Estate Investing with Nicole - Breaking Barriers: Women and Financial Literacy

Transcript

Nicole Lopez (00:01):

As a kid, I remember my parents, actually my mother, more actively trying to instill financial habits in me when I was maybe about five. And when she was preparing dinner, I sat at the kitchen table while she was cooking and she ensured that I was honing my math ski