EP276 Why Every Adult Needs a Will with Erin Bury of Willful
Young Money with Tracey Bissett
Release Date: 01/03/2023
Young Money with Tracey Bissett
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As we step into the new year, it's the perfect time to get motivated and inspired about our financial fitness. In this episode, I draw parallels between physical and financial fitness, illustrating how both exist on a spectrum from beginners to experts. Dive into the three key elements of the Bissett Financial Fitness Framework: cash flow, savings, and debt management. Just like physical fitness—where cardio, strength training, and lifestyle choices play crucial roles—these financial elements are essential for a balanced and healthy financial life. Whether you're just starting to learn...
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As we bid farewell to 2023 and welcome 2024, it's time to reflect on the past year's financial lessons and look ahead with optimism and preparedness. In this episode, I’m diving into the significant financial events of 2023, from soaring interest rates to the challenges of inflation and job cuts, and how they've shaped our financial behaviors. Join me as I celebrate Young Money's milestones (including crossing 350,000 downloads!), explore the personal and professional achievements of the year, and discuss the importance of community support and personal health in our financial journeys. I...
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Six years, 314 episodes, a global audience across 40 countries, and over 350,000 downloads—join me in celebrating the incredible journey we've had on the Young Money podcast. With educational and entertaining content from all of our inspiring guests, I hope this show has guided you on your financial fitness journey. Listen in as I reflect on the past and share how my personal experiences and newfound perspectives will shape the future of Young Money. From addressing current issues to sharing listener stories and exploring the impact of biases on financial fitness, I plan for the next chapter...
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info_outlineErin Bury is one of Canada’s top female entrepreneurs, an active startup advisor, and a former marketer and technology journalist. Erin is the co-founder and CEO of the online estate planning platform Willful, where she drives the company’s mission to make it easier for Canadians to prepare for and deal with death in a digital age. In this episode, Erin will be sharing the importance of estate planning, regardless of your age, and what this process actually entails.
Listen in as she explains how to reduce the burden on your loved ones if you pass away, as well as how to have these hard conversations with your family. You will learn the importance of looking into your work benefits and bank accounts to ensure your beneficiaries are updated, what mistakes to avoid when creating your will, and Erin’s advice for any young millionaires in the making hoping to build their wealth.
“Estate planning is all about how you take all of the wealth that you hopefully grow over your lifetime and pass it on efficiently and effectively to the family and friends that you leave behind.” - Erin Bury
This Week on Young Money:
- How Willful has changed since the pandemic happened.
- What estate planning is and why it is important.
- The purpose of a will and 2 different powers of attorney.
- Why you should make estate planning a priority.
- Several success strategies to consider for estate planning.
- Common estate planning mistakes to avoid.
- Erin's experience on Dragon’s Den.
Key takeaways:
- Create an estate plan.
- Age doesn’t matter when it comes to estate planning.
- Add a beneficiary to your bank accounts.
- Keep your will up to date.
- Always be prepared.
Connect with Erin Bury:
- Willful
- Willful on Facebook
- Willful on Twitter
- Willful on Instagram
- Willful on LinkedIn
- Erin Bury on Twitter
- Erin Bury on LinkedIn
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