Ep. 388 | Money in the Shadow of Terminal Illness - Jeremie Saunders, Host of CBC's Sickboy Podcast

How would your relationship with money change if you had a terminal illness? Let me tell you right now, it would have a huge impact on it! This is why I wanted to have Jeremie Saunders on the show to share his story.
He's the co-host of the Sickboy Podcast and lives with cystic fibrosis. From an early age, he knew that having CF would cut his lifespan short, which on the one hand made him live life to the fullest but on the other, meant he didn't think too far into the future when it came to his money. That is until he was introduced to a new drug that would lengthen his life exponentially. This meant that things like getting married and starting a family were no longer out of reach, but it also meant he needed to start thinking about tackling his finances and building long-term wealth.
In this episode, Jeremie provides insight into his battle with CF, how provincial healthcare has played a significant role in his life and career, and how he hopes his Sickboy Podcast can not only put a spotlight on living with illness but why it's so important to have open conversations about health, wealth, and our own mortality.
I’m also giving away a copy of last week's podcast guest's book, so make sure to visit jessicamoorhouse.com/contest to enter to win!
This episode of the More Money Podcast is presented by The Globe and Mail. Visit tgam.ca/jessica to get unrestricted access to The Globe and Mail for only $1.99/week for 52 weeks (plus tax).
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CHAPTERS
00:00 - Introduction
03:48 - Jeremie Saunders Joins the More Money Podcast
06:48 - Living with Cystic Fibrosis
11:48 - The Impact of Healthcare on Life Choices
16:48 - The Cost of Health Issues
22:48 - The Lack of Support for Caregivers
27:48 - The Birth of the Sickboy Podcast
35:48 - The Impact and Success of the Sickboy Podcast
37:53 - The Power of Vulnerability
39:53 - Financial Planning with a Shorter Lifespan
45:24 - The Shift in Perspective
48:57 - ADHD and Emotional Regulation
54:08 - Managing Emotions and Money
58:53 - Planning for the Future
59:51 - Renewed Sense of Life
01:01:13 - Sick Boy Podcast and Guest Highlights
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TAKEAWAYS
• Living with a chronic illness can have a significant impact on life choices and career paths.
• The cost of health issues, including medications and treatments, can be a financial burden for individuals and families.
• Caregivers often face challenges and lack support in their role, highlighting the need for better resources and assistance.
• The Sickboy Podcast provides a platform for open conversations about illness and aims to connect individuals with shared experiences.
• There is hope for positive change in the healthcare system, with individuals and organizations working towards improving support and access to care. Vulnerability is a sign of strength and can lead to more open and meaningful conversations.
• Financial planning may change for individuals with a shorter lifespan, requiring a shift in priorities and goals.
• Managing emotions and removing emotional attachments can help make better financial decisions.
• It is important to have open and honest conversations about money and to seek support or guidance when needed.
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RESOURCES
📌 Sickboy Podcast sickboypodcast.com
📌 Snack Labs www.wearesnack.io/
📌 Show notes & transcript jessicamoorhouse.com/388
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I'm Jessica Moorhouse, a money expert, Accredited Financial Counsellor Canada®, speaker, content creator, and host of the More Money Podcast. I'm based out of Toronto, ON, Canada and run my own business, MoorMoney Media Inc., to educate others about financial literacy. To learn more, check out my website jessicamoorhouse.com
#personalfinance #financialliteracy #sickboy
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[@MinnieOnCam]

This is great to hear. Living with a chronic illness and financial planning is something no one talks about and many people on disability think they will be living in poverty forever. It creates a very lonely path for the ones who believe they can become wealthy while chronically ill or disabled.

[@MinnieOnCam]

Yes Ontario is one of the worst when it comes to health care coverage for what they call "Specialty drugs" or prescriptions that support a life alternating health condition. ODSP , ODB coverage is awful. anytime I get a prescription I go in expecting them not to cover it then. have to get my doctor to fight for the Exceptional Access Program to get it covered. Edit to add the mess that is Ontario and health care, prescription coverage. Then I went on a search private coverage. I have to get it before I'm diagnosis with a new condition and wait and see if it will cover my pre-existing prescriptions and then the paperwork of exiting prescriptions already covered in ODB to be transferred and covered in the private plans. It's a whole thing you don't know until it happens and if you are not prepared it's a giant mess

[@MinnieOnCam]

YES! TTC overage company was or is with Great West Life. My dad had it and it took care of my health care needs until I was 25, So when I went searching for private coverage I found something comparable from Desjardin 🤣