Episode 83: Matt and Taylor are joined by Chris Matte, BBA. Chris is an Associate Advisor at Matte & Associates Financial Solutions from Kelowna, BC, a family owned and operated boutique wealth management firm that manage over $300M in assets for 2,500 clients. Growing up in the family business, Chris learned the industry from the ground up under the mentorship of his father and firm founder, Maurice Matte, accumulating almost 10 years of professional experience by the age 27.
Chris also gives back to the community by volunteering and fundraising for Freedom’s Door Kelowna, a non-profit addiction recovery program for men. Freedom's Door Kelowna is dedicated to helping men find hope, healing, and wholeness in a safe and secure environment. Their program is provided within their housing facilities where men are provided help and support to transition back to the community and everyday life.
Chris is here to discuss:
→ His family business and how he got into finance, the biggest financial mistakes people make, and how much kids actually cost.
→ Optimizing an FHSA & TFSA and down-payment saving strategies, planning for retirement, and the common problem retirees face with limited cashflow and high home equity.
→ Term vs whole life insurance, the cons of tying your life insurance to your mortgage, and why critical illness insurance is an absolute must-have.
Matte & Associates Financial Solutions Website: https://www.matteandassociates.com
Chris Matte's Email: chris@matteandassociates.com
Chris Matte's Instagram: https://www.instagram.com/kelownafinance/
Freedom's Door Website: https://www.freedomsdoorkelowna.com
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CHAPTERS
0:00 Intro
2:49 Today's Guest: Chris Matte
5:42 Optimizing an FHSA/TFSA & Saving Down Payment
11:29 Life Insurance: Cons of Tying to Your Mortgage
13:42 Life Insurance: Term vs Whole
18:32 Investing in Your Kids: Using Whole Life Insurance as a Tool
20:22 Critical Illness Insurance: A Must Have
22:42 Biggest Financial Mistake: Depreciating Assets
25:31 Planning For Retirement
28:20 Retirement Cashflow: Tied Up in Home Equity
34:14 The Cost of Kids
38:09 Wrap-Up Questions
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OUR SPONSOR
The Kelowna Real Estate Podcast is brought to you by Century 21 Assurance Realty, the gold standard in real estate. To learn more, visit: https://www.c21kelowna.ca
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CONNECT WITH THE SHOW
Kelowna Real Estate Podcast: https://wavve.link/kelownarealestate
Kelowna Real Estate Podcast YouTube: https://www.youtube.com/@KelownaRealEstatePodcast
Kelowna Real Estate Podcast Instagram: https://www.instagram.com/kelownarealestatepodcast/
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CONNECT WITH MATT
Matt Glen's Website: https://www.mattglen.ca
Matt Glen's Email: matt.glen@century21.ca
Matt Glen's Instagram: https://www.instagram.com/mattglenrealestate/
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CONNECT WITH TAYLOR
Taylor Atkinson's Website: https://www.venturemortgages.com
Taylor Atkinson's Email: taylor@venturemortgages.com
Taylor Atkinson's Instagram: https://www.instagram.com/venturemortgages/
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