Today’s guest has written over 1,000 financial plans for Canadians and is truly as experienced as it gets in this field. He has extensive knowledge on some of the higher impact investment strategies that can really help accelerate our returns such as the Smith Manoeuvre and how to use an RESP properly. We also cover how to structure your investment portfolio and what investments to buy. Links and Resources Covered Top Tools and Resources for Financial Independence (for Canadians) : Sign up anywh...
Jan 17, 2018•1 hr 6 min•Season 1Ep. 39
Today I’m excited to have Mark Seed on the show, who runs the popular Canadian blog, My Own Advisor . On the blog, Mark documents his journey and lessons learned as he invests towards achieving an early retirement, and works on growing his portfolio to 1 million dollars. What’s very interesting about Mark, is that he is a hybrid investor meaning he doesn’t just invest in one particular way (for example, he doesn’t just buy the index with ETFs). Instead, he uses ETFs to hold US and international ...
Nov 01, 2017•45 min•Season 1Ep. 38
Today we’re going to take a deep dive into the world of real estate, and we’re going to approach it from 2 sides: First, we’ll talk about real estate as an investment (i.e. If you’ve ever thought about investing in a property and renting it out). Now if you’ve listened to past episodes of the show, then you know that it can actually be really hard to get the numbers to work when buying a home and trying to rent it out as an investment. Today’s expert, however, is going to share some strategies w...
Sep 25, 2017•1 hr 26 min•Season 1Ep. 37
On this episode, we cover some of the top financial mistakes Canadians make, as well as common misconceptions that may be holding you back in accelerating your investments and net worth. Links and Resources: Top Tools and Resources for Financial Independence (for Canadians) : Sign up anywhere on www.BuildWealthCanada.ca for a free guide on all the top tools and sites that I’ve personally used to help us achieve financial independence in our early 30s. They’re also what we use now to optimize and...
Sep 13, 2017•41 min•Season 1Ep. 36
In this episode, we talk about what a robo advisor is, and how it can be a lot less expensive than the traditional approach of investing in high-fee, actively managed mutual funds. I find robo advisors to be the easiest way to invest in Canada, but this does result in higher fees than if you were to just buy the investments yourself (which is actually really easy). I personally just buy the investments myself to get the lowest fees and pay the least tax possible (You can see exactly how I do it ...
Jul 11, 2017•1 hr 25 min•Season 1Ep. 35
Today I’m excited to have Sean Cooper on the show. There’s a good chance that you’ve already heard of Sean whether it’s on the radio, TV, or the internet as Sean is the guy that bought his first house when he was just 27 and paid off his mortgage at 30 in 3 years. As you may know, my wife and I also paid off our mortgage early at the age of 28 and 29 (you can learn more about it by checking out past episodes of the show). But what makes Sean’s story interesting, is that he did it in Toronto (whi...
Jun 20, 2017•1 hr 24 min•Season 1Ep. 34
Today we have Susan Daley on the show and we’re going to talk all about early retirement, such us how to pull it off, what to look out for, and some of the most common mistakes that Canadians make when trying to plan this out. Susan is an Associate Portfolio Manager at PWL Capital in Waterloo , where she provides financial planning and investment management services to a wide range of clients. She’s also an Honours BBA graduate from Wilfrid Laurier University, which is actually where I graduated...
Jun 08, 2017•57 min•Season 1Ep. 33
In this episode, we’re going to continue covering the subject of “How to Not Run Out of Money in Retirement”, specifically for Canadians. This is from a live webinar that I did for Canadian MoneySaver Magazine so in case you weren’t able to make it, I wanted to provide you with as many tips as possible from that presentation in audio form. If you missed part 1 of the series, it's the episode right before this one (episode 31). Links and Resources Top Tools and Resources for Financial Independenc...
Apr 05, 2017•59 min•Season 1Ep. 32
How Much Do You Need to Retire? No matter what age you are, chances are you’ve asked yourself this critical question at some point. The stakes are high, and there are no do-overs, so how can you best prepare yourself now to ensure that you have enough to live the lifestyle you want in retirement? Join me as I dive into the best practices and key factors to consider when figuring this out for yourself. Is there a magic retirement number that you should aim for with your investments? What levers c...
Nov 10, 2016•43 min•Season 1Ep. 31
Today we have a very special guest who has worked as an advisor for some of Canada’s largest banks, giving him some great insider information on how we can all save money when dealing with the Banks. His name is John Kalos and he is an unbiased, non-commission, fee-for-service financial planner. John is the financial planner that I used before executing our early retirement, and he offers all Build Wealth Canada listeners a free 30-minute consultation so that you can get some of your financial q...
Oct 11, 2016•1 hr 5 min•Season 1Ep. 30
In this episode, I’ve pulled together the newest numbers of what you can expect from your investments. These are based on historical returns using several different highly reputable sources that I personally use and trust. In other words, this isn’t some subjective opinion of what one person thinks you’ll get on your investments. Instead, it’s actual data, studies, and reports that reputable sources in the industry have put together, and is what I personally use. I’ve also created a summary wher...
Jun 20, 2016•36 min•Season 1Ep. 29
When it comes to the Build Wealth Canada show, there are 2 questions that I get asked more than any other. The first is how to actually buy ETFs, so how to actually be an index investor, what tools to use, which ETFs are great ones to consider, and how to actually do it step-by-step. So that’s why I built the course (to basically answer this question). If you're interested, you can check it out at www.BuildWealthCanada.ca/invest Now the 2nd question that I get most often is from Canadians who ar...
May 16, 2016•1 hr 1 min•Season 1Ep. 28
Today I wanted to cover the subject of debt consolidation. What is it? Should you do it? and if so, then what are the options available to you? Links and Resources Top Tools and Resources for Financial Independence (for Canadians) : Sign up anywhere on www.BuildWealthCanada.ca for a free guide on all the top tools and sites that I’ve personally used to help us achieve financial independence in our early 30s. They’re also what we use now to optimize and manage our finances, and ensure that we’re ...
Apr 26, 2016•54 min•Season 1Ep. 27
Questions Covered For those Canadians new to this type of investing style, can you explain what dividend investing is? When should someone consider doing dividend investing? (i.e. Is there a particular life stage when it’s most appropriate?) Is there a type of person that is most suited for this type of investing? (ex. time commitment, personality, etc.) What are the pros and cons of this investing style vs something like index investing, mutual fund investing, or stock picking for growth? The i...
Apr 08, 2016•58 min•Season 1Ep. 26
In this episode, I cover several mistakes and misconceptions that held me back from maximizing the growth of my investment portfolio. By sharing my mistakes and what held me back, I hope that it will help you avoid these same mistakes. Fortunately, things still ended up great, although not perfect, and definitely not the most efficient in terms of net worth growth. These are the lessons about the money left on the table, and what I would tell my younger self. Links and Resources Top Tools and Re...
Mar 29, 2016•19 min•Season 1Ep. 25
This episode covers how to protect yourself from overpaying in hidden investment fees, and how to ensure that you are getting unbiased advice from your financial professionals. Did you know that there is a lot of conflict-of-interest that exists with many of the financial advisors here in Canada. We also have one of the highest investment fees in the world. While there are ways to bypass these fees, you need to know what to look for so that you can spot if your advisor is recommending a poor inv...
Mar 21, 2016•18 min•Season 1Ep. 24
My guest today is Miranda Marquit who is at the top of the heap when it comes to being a freelance writer and professional blogger. She is the author of her book called Confessions of a Professional Blogger , and has basically achieved what many freelancers just starting off are hoping to achieve. I thought it would be great to get her on the show to give some advice to aspiring freelancers and bloggers. Miranda is also very honest, so it’s really great to hear someone tell it like it is, instea...
Mar 13, 2016•1 hr 4 min•Season 1Ep. 23
Today I have Dragon’s Den winner Lee Renshaw on the show, and we’re going to talk all about tips and strategies that you can implement if you want to start your own business on-the-side here in Canada. One of the things I noticed based on the emails I received from listeners of the show, is that a lot of Build Wealth Canada listeners would actually like to start their own business on-the-side here in Canada but aren’t exactly sure how to do it and how to set it all up since a lot of the informat...
Oct 11, 2015•2 hr 32 min•Season 1Ep. 22
Today I have author Valerie Rind on the show and we’re going to talk all about how to avoid getting into difficult financial situations when it comes to friends and family. Valerie has interviewed a ton of people who have actually gone through these types of problems in their lives, and is going to share with us how we can avoid some of these catastrophic financial issues that can creep up when we’re dealing with friends, family and co-workers. Links and Resources Top Tools and Resources for Fin...
Sep 07, 2015•1 hr 17 min•Season 1Ep. 21
This is part 2 of the interview with Peter. If you missed part 1, it's the episode right before this one. Episode Description: Today I’m thrilled to have Peter Hodson on the show who is the owner of 5i Research, the Canadian MoneySaver Magazine, and in his investment career, has managed over $1-billion dollars in assets. I’ve always wanted to have Peter on the show to pick his brain about investing best practices here in Canada, and see what he learned over his decades of professional investing....
Aug 16, 2015•31 min•Season 1Ep. 20
Today I’m thrilled to have Peter Hodson on the show who is the owner of 5i Research, the Canadian MoneySaver Magazine, and in his investment career, has managed over $1-billion dollars in assets. He's also been called "The Warren Buffett of Canada" by the Globe and Mail. I’ve always wanted to have Peter on the show to pick his brain about investing best practices here in Canada, and see what he learned over his decades of professional investing. Peter and his team have also been generous in prov...
Aug 16, 2015•51 min•Season 1Ep. 20
Questions Covered: You’re very involved in helping others get out of debt. Can you tell us a little bit more about yourself, and how you started helping others in this area? Getting out of debt has a very large psychological component. What are some of the psychological barriers that you found keep people in debt? Can you tell us more about the methodology that you follow in your life and your program to help others get out of debt? Links and Resources Top Tools and Resources for Financial Indep...
Aug 06, 2015•1 hr 10 min•Season 1Ep. 19
Today I’m really excited to have Rob Carrick on the show, who is the main Personal Finance Columnist at the Globe and Mail. Rob is also the author of five personal finance books for Canadians, and all in all is easily one of the most respected and well known personal finance experts here in Canada. Today we’ll cover whether you should be putting your savings in an RRSP, a TFSA, or use it to pay down your mortgage quicker (if you have one). We also cover: Where you should be investing your money?...
Jul 18, 2015•53 min•Season 1Ep. 18
This is part 2 of the interview on The Student’s Guide to Personal Finance and Post-Secondary Education with Kyle Prevost. If you missed part 1, it's the episode right before this one. Today we have arguably the #1 expert in Canada when it comes to personal finance for students. Whether it’s about saving money as a student, or setting yourself up for success with your post-secondary education, we cover it all in this in-depth two part series. My guest Kyle Prevost is not only a teacher, but has ...
Jun 08, 2015•27 min•Season 1Ep. 18
Today we have arguably the #1 expert in Canada when it comes to personal finance for students. Whether it’s about saving money as a student, or setting yourself up for success with your post-secondary education, we cover it all in this in-depth two part series. My guest Kyle Prevost is not only a teacher, but has also been featured in the Financial Post, The Globe and Mail, The Toronto, Star, MoneySense Magazine, and many many more. He is also the co-author of the book “ More Money for Beer and ...
Jun 08, 2015•27 min•Season 1Ep. 17
Today I’m excited to have one of the top personal finance bloggers in Canada on the show. Tom Drake is the president of Drake Media Inc. and the owner and manager of dozens of personal finance sites, including his primary site: MapleMoney where you can learn more about the best credit cards in Canada, as well as other personal finance best practices. He has been called the godfather of personal finance, and today I’m thrilled to have him on the show to talk all about the best practices when it c...
May 27, 2015•53 min•Season 1Ep. 16
Today I’m really excited to have Bruce Sellery on the show from MoneySense Magazine and Moolala.ca, to tell you all about how to save and invest for your retirement. Bruce is a bestselling author, and you might have seen him on TV as he’s been on CTV, CNN, BNN, MSNBC, as well as the Lang & O’Leary Exchange with Kevin O’Leary from Dragon’s Den and Shark Tank. He is also the author of the book “ The Moolala Guide to Rockin’ your RRSP ” which is a fantastic book that I’d recommend to everyone. In i...
May 11, 2015•42 min•Season 1Ep. 15
This is part 2 of the interview on How to Retire Early , with MoneySense Senior Editor Julie Cazzin. In Part 1 we covered the beginner level questions. In part 2, we take it up a notch and get into the more intermediate and advanced level questions. If you missed part 1, it's the episode right before this one. Links and Resources Top Tools and Resources for Financial Independence (for Canadians) : Sign up anywhere on www.BuildWealthCanada.ca for a free guide on all the top tools and sites that I...
May 05, 2015•32 min•Season 1Ep. 14
Today I am REALLY excited to have none other than Julie Cazzin on the show, who is going to tell us all about how we can retire early. Julie is a national award winning business and personal finance journalist. She is a founding member and Senior Editor at MoneySense. While she consistently writes some of the most popular columns for MoneySense, she’s also written for Readers Digest, Canadian Business, Maclean’s, and many others. Julie has also appeared as a television guest on CityTV, Rogers an...
May 04, 2015•30 min•Season 1Ep. 13
This is part 2 of the interview on How to Invest in Canada , with author and investor Dr. John Robertson. In Part 1 we covered the beginner to intermediate level questions. These were perfect for those just getting started on their investing journey. In part 2, we take it up a notch and get into the more advanced level questions. If you missed part 1, it's the episode right before this one. Links and Resources Top Tools and Resources for Financial Independence (for Canadians) : Sign up anywhere ...
Apr 28, 2015•46 min•Season 1Ep. 12
