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Each week on “I’m a Millionaire, So Now What?”, Colleen O’Connell-Campbell, Wealth Advisor at RBC Dominion Securities, delivers inspirational stories and practical advice to self-made millionaires and wealthy families. With a focus on financial planning and wealth management strategies, Colleen and her guests cover the critical issues that truly matter to you, including succession strategies, family business governance tips, how to cope with fundraiser fatigue, finding your purpose after losing your family business, and much more.

Apr 23, 2019

 

Preet Banerjee is a financial consultant and the host of the Mostly Money Podcast, where he shares financial advice in a relaxed setting. He is an author, columnist, and speaker on the topic of finance, appearing in publications such as The Globe and Mail. He was named as one of Canada’s Top 10 Financial Visionaries by Advisor.ca in 2011, the former host of Million Dollar Neighbourhood on The Oprah Winfrey Network, as well as a financial panelist on CBC’s The National with Peter Mansbridge. Preet is pursuing a doctorate at Henley in the UK and has a unique background that includes training as a neuroscientist and a brief history as an aspiring race car driver.

 

Preet joins me today to share how you can get your finances on the right track. He describes the differences between financial product sales and financial planning advice and stresses the importance of estate and digital estate planning, which has become more crucial in modern times. He also shares some fantastic advice on why you shouldn't purchase depreciating assets with borrowed money.

 

 

 

“A lot of people don't realize that their single biggest asset is their ability to earn an income for the rest of their lives.” - Preet Banerjee

 

 

 

Today on I’m A Millionaire...So, Now What?:

 

  • Preet’s unique background and the opportunity that introduced him to the world of finance.
  • The topics discussed on the Mostly Money podcast and his YouTube channel.
  • The differences between financial planning advisors and financial product sales.
  • The importance of digital asset estate planning.
  • The financial complications of cohabiting and estate planning.
  • Why you shouldn’t buy depreciating goods with borrowed money.
  • The distinction between depreciating and appreciating assets.

 

 

Preet Banerjee’s Fun Frank Advice for Self-Made Millionaires & Wealthy Families:

 

  • If your subscriptions and expenses are automatic and you don’t see them, then they can really add up. You should sit down once a year and list out your regularly occurring expenses and see which ones you can eliminate or reduce.

 

 

Connect with Preet Banerjee:

 

 

 

 

 

 

Protect Yourself. Protect Your Family. Protect Your Assets

 

Protecting yourself, your family, and your assets are all essential elements of your roadmap to real riches as well as building and strategizing your financial plans.

 

If you’re ready to build your roadmap to riches and learn how to protect yourself, your family, and your assets, join us this spring for our Estate Planning Sessions with RBC Wealth Management.

 

Topic: Your Power of Attorney: Quite Possibly the Most Important Person You Will Ever Hire

Date: Wednesday, April 24, 2019

Time: 2pm - 4pm

 

Topic: Your Executor: What You Need to Know Before You Hire Yours

Date: Wednesday, May 22, 2019

Time: 2pm - 4pm

 

Topic: Essential Family Conversations: Protecting Yourself and Your Wishes

Date: Wednesday, June 12, 2019

Time: 2pm - 4pm

 

Location details will be provided when you RSVP to the event(s). To RSVP, email Colleen at colleen.campbell@rbc.com

 

 

Get Ready for Fun Networking & Fundraising!

 

Kick off your high-heels ladies, lace up your golf shoes, and get ready for an exciting, fun way to network with your business peers while raising money for a worthy cause. Join me, Colleen O’Connell-Campbell and Shelley True on September 5, 2019 for the all-women’s golf tournament, FORE-Play for Charity - the annual event supporting The Royal Ottawa Foundation for Mental Health.

 

The FORE-Play for Charity event features fun ways to network with other Ottawa-based business leaders such as Open Mic, Cocktail Hour, the Red Carpet event, and a unique Makeup and Beauty Bar as well as a Gala Dinner.

 

So if you’re ready to lace up your golf shoes and tee off to support The Royal Ottawa Foundation for Mental Health, visit www.truedotdesign.com/foreplay to register today - or, become a sponsor to show the community you’re serious about mental health.

 

Be sure to subscribe to our newsletter and follow FORE-Play for Charity on Facebook so you never miss an update on this important event.

 

Registration opens on April 1, 2019

 

 

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Thanks for joining us for this episode of I'm A Millionaire, So Now What Podcast - the show bringing you inspirational stories, practical strategies, and fun, frank advice for self-made millionaires and wealthy families. If you enjoyed this episode, please subscribe to the show on iTunes and leave a positive review. Don’t forget to share your favorite episodes with other wealthy families and self-made millionaires on social media!