In this episode of the Financial Pod Play, Brett Cranson discusses the eight key financial areas that every hockey family needs to master to stay financially strong. He emphasizes the importance of smart financial planning, managing cash flow, saving on taxes, and risk management. Brett provides practical advice and strategies for hockey families to build wealth, reduce stress, and take control of their financial future.

Takeaways

• Smart financial planning is essential for hockey families.
• Create a financial system to manage team fees and travel expenses.
• Automate savings by opening separate accounts for expenses and goals.
• Track cash flow for 60 days to identify spending leaks.
• Plan taxes proactively to maximize deductions and savings.
• Risk management protects income and assets from unforeseen events.
• Build an emergency fund covering three to six months of expenses.
• Review insurance coverage regularly for life, disability, and critical illness.
• Use RRSP and TSA as tax tools, not just savings tools.
• Download the Financial Playbook for Hockey Families for detailed guidance.

Thank you for joining us on this episode of The Financial Power Play. I'm excited to continue bringing you stories, insights, and strategies to help you build a financial future as strong as your passion for hockey. If you enjoyed this episode, please subscribe, share it with your hockey crew, and leave a review.Looking to build your own financial playbook? ⁠Book your consultation here⁠. Or visit⁠ UptownWealthManagement.com ⁠Connect with Brett:⁠LinkedIn⁠: / brettcranson ⁠Facebook⁠: / uptownwealthmanagement ⁠Instagram⁠: / buildingwealthwithbrett ⁠TikTok⁠: / buildingwealthwithbrett Until next time, stay focused, stay flexible, and keep playing your game!

In this episode of The Financial Power Play, Brett Cranson from Uptown Wealth Management discusses the crucial yet often overlooked topic of critical illness and disability insurance for hockey families and professionals. Brett explains the importance of these insurance types as protective measures, akin to a strong defense in hockey, to safeguard against unexpected health issues that can impact financial stability. He addresses common questions, provides case studies, and offers practical advice on what to look for in policies, stressing that proper coverage helps maintain the family's lifestyle and financial health when facing serious illness or injury.

00:00 Introduction to Financial Power Play

00:30 The Importance of Critical Illness and Disability Insurance

01:37 Common Questions and Misconceptions

03:51 Understanding Disability Insurance

05:47 Critical Illness Insurance Explained

07:11 Combining Insurance Policies for Maximum Protection

07:34 Practical Steps to Get Started

09:35 Conclusion and Final Thoughts

Thank you for joining us on this episode of The Financial Power Play. I'm excited to continue bringing you stories, insights, and strategies to help you build a financial future as strong as your passion for hockey. If you enjoyed this episode, please subscribe, share it with your hockey crew, and leave a review.

Looking to build your own financial playbook? ⁠Visit⁠ UptownWealthManagement.com ⁠Connect with Brett:⁠LinkedIn⁠: / brettcranson ⁠Facebook⁠: / uptownwealthmanagement ⁠Instagram⁠: / buildingwealthwithbrett ⁠TikTok⁠: / buildingwealthwithbrett Until next time, stay focused, stay flexible, and keep playing your game!

Summary:

In this episode of Financial Power Play, host Brett Cranston interviews Max Solomons, a former hockey industry professional turned lawyer specializing in blockchain and digital assets. Max shares his journey from being a passionate hockey fan and aspiring agent to navigating the complexities of the legal world. He discusses the importance of understanding the behind-the-scenes work in hockey, the transition to law, and the financial realities of both industries. Max emphasizes the significance of persistence, service standards, and long-term planning in achieving success, whether in sports or law.

Takeaways:

Max started his career in the hockey world as a radio host.

He learned the importance of understanding the game from a scouting perspective.

Working with the London Knights was a game-changing experience for him.

The role of an agent is to support players in various facets of their lives.

Max transitioned to law to gain skills in corporate and commercial transactions.

He found a niche in blockchain and digital assets within his legal practice.

Service standards learned in hockey apply to his legal career.

Financial advice in sports emphasizes understanding clients' disposable cash situations.

Persistence is key in both the hockey and legal industries.

Max remains open to returning to the hockey world in the future.

Chapters:

00:00 From Hockey Dreams to Legal Realities

05:50 Understanding the Hockey Industry

12:29 Transitioning to Law and Financial Insights

21:44 Future Aspirations and Long-Term Goals

25:01 Rapid Fire Insights and Reflections

30:07 Introduction to Financial Power Play

Thank you for joining us on this episode of The Financial Power Play. I'm excited to continue bringing you stories, insights, and strategies to help you build a financial future as strong as your passion for hockey. If you enjoyed this episode, please subscribe, share it with your hockey crew, and leave a review.

Looking to build your own financial playbook? ⁠Book your consultation here⁠. Or visit⁠ UptownWealthManagement.com ⁠Connect with Brett:⁠LinkedIn⁠⁠Facebook⁠⁠Instagram⁠⁠TikTok⁠Until next time, stay focused, stay flexible, and keep playing your game!

hockey, law, agency, blockchain, digital assets, financial advice, career transition, sports industry, player management, legal profession