When it comes to your financial life, you can have endless conversations about asset allocation but we often neglect the impact of communication and asking difficult questions. Today we speak with Chief Financial Commentator and awarded media personality, Pattie Lovett-Reid. We start the discussion by COVID silver-linings and the financial lessons that people have been learning due to the pandemic. Pattie explores how people’s views of risk have shifted, along with the realization that our portfolios may not be as watertight as we had thought. We dive into financial control and Pattie emphasizes how better family dialogue and managing your emotions are key elements. After talking about how the COVID crisis is different from previous crises, Pattie talks about how stress impacts people’s financial decision-making. We ask Pattie for advice on teaching children about finances, and she uses examples from her own life to show how you can instill financial responsibility in your kids. From kids to partnerships, Pattie highlights why you should be on the same financial page as your partner before explaining the concept of financial abuse. We touch on what job-seekers should consider as they apply for jobs, tips for retirees facing the challenge of low-income rates, offering financial advice through Instagram, and how the work-from-home trend is affecting real estate. Our conversation this episode filled with practical advice, and Pattie’s approach focuses on the importance of asking difficult questions and communication, be that with your family, partner, or financial advisor. Tune in to hear more about why asking difficult questions is critical to controlling your finances. Key Points From This Episode: Links From Today’s Episode: Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/podcast/114 Pattie Lovett-Reid LinkedIn — https://www.linkedin.com/in/patricia-lovett-reid-b2274428/?originalSubdomain=ca Pattie Lovett-Reid Instagram — https://www.instagram.com/pattie_lovettreid Pattie Lovett-Reid Twitter — https://twitter.com/PattieCTV How to know when you’ve gone from frugal to cheap — https://www.bnnbloomberg.ca/pattie-lovett-reid-how-to-know-when-you-ve-gone-from-frugal-to-cheap-1.1288493 5 pandemic money lessons for millennials — https://www.bnnbloomberg.ca/pattie-lovett-reid-5-pandemic-money-lessons-for-millennials-1.1462761 The Rational Reminder is presented as an educational resource and should not be construed as individualized investment advice, nor as a recommendation to buy or sell specific securities. The funds and portfolios discussed are examples only and may not be appropriate for your individual circumstances.