This is the straightforward blueprint I'm following to retire as a millionaire. It's not a get rich quick scheme, if that's what you're here for you've come to the wrong channel. Instead I'm following a slow and steady process to build wealth over the course of my career, while ensuring I still get to enjoy and live my life comfortably day to day. The key is finding the right balance between spending and saving. From there, it's not hard to follow this path, diversify your streams of income, and...
May 08, 2023•20 min•Ep. 66
In today's episode I'm going to teach you the expense tracking technique I've used for years to balance my spending vs saving. Learning how to do this exercise will help you start to save more money even if increasing your savings rate has felt impossible up until now. Whether you struggle with impulse spending, or if you feel like you don't spend much but still can't manage to save money, this expense tracking tool will help you learn to save more money while still allowing yourself to spend mo...
Apr 17, 2023•21 min•Ep. 65
This episode walks you through everything you need to know about the new Canadian First Home Savings Account, also known as the FHSA. This new account was designed to help Canadian home buyers get a foot in the Canadian housing market. So if you're planning on buying your first home in Canada sometime in your future, you definitely want to learn about this account and how to use it properly, so you can open up your own FHSA and start using the tax advantages of this account to start saving for y...
Apr 10, 2023•11 min•Ep. 64
This episode of the How To Adult Show is a deep dive into the idea that many millionaires pay less tax than the average working person. While many people assume that this is because they're doing something illegal with their taxes, this couldn't be farther from the truth! The 'millionaires' of society follow the same tax code as the rest of us, the difference is they've either taken the time to learn how to use the tax code to their advantage, or they have enough money to hire someone to do this...
Mar 27, 2023•16 min•Ep. 63
You're probably feeling like there's a constant struggle between spending your money on things that make life enjoyable, while still saving enough money to prepare for your future. If you're wondering how it's even possible to save money these days without living a monkish existence, I'm going to share the two mindset hacks I used throughout my 20's to save money while still getting to travel, eat out, and generally spend money on things that make life fun and sparkly still. I set some big finan...
Mar 23, 2023•11 min•Ep. 62
The question I get asked every year is 'should I prioritize contributing to my RRSP or my TFSA?'. The truth is, as long as you're saving and investing you're doing the right thing, but in today's episode I'm going to walk you through an overview of what each account is, the key differences between your RRSP and TFSA accounts, and how to decide which account to contribute to if you have limited savings and don't know which account you should use. In this episode we'll also talk about the ultimate...
Mar 20, 2023•21 min•Ep. 61
If this is the year you've decided to get your personal finances together, I've created the ultimate reading list for you! Read these 5 personal finance books (in this order), to go from finance newbie to beginner investor. This book list will guide you through everything you need to know about managing your money, from getting started balance your income vs expenses, all the way through to getting started using the stock market and investing to grow wealth for your future financial freedom. JOI...
Mar 16, 2023•9 min•Ep. 60
With all the hype around GIC's right now you might be wondering if you should use some of your savings to purchase a GIC or two. Before you dive in to GIC investing though, make sure you watch this video to understand what is a GIC, how you should use a GIC, what a GIC is good for, and when you shouldn't use a GIC. GIC's are offering appealing interest rates right now, but make sure you do your research before buying because the opportunity cost could be too high! JOIN THE COMMUNITY AND LEARN MO...
Mar 13, 2023•10 min•Ep. 59
Lately I've been feeling like some of the spending habits I developed during the pandemic years need to change. I'm usually very conscious of how I spend my money, but sometimes you need to step back and take a long hard look at some of your unconscious habits (especially spending habits!) to see if you need to make any changes. Over the course of the last 6 months I've identified 5 spending habits that are no longer in alignment with my financial values, so it was time to make some changes! In ...
Mar 09, 2023•11 min•Ep. 58
If it feels like you're struggling financially these days, I want you to know you're not the only one feeling that way! Inflation has increased the cost of living drastically, which is making it harder for millions of people to make ends meet each month. If you've been getting an annual raise of 3% or less, your salary hasn't even allowed you to keep up with inflation, and this is why it feels like money is tighter now than it was two years ago! In this episode of the How To Adult Show I walk yo...
Mar 06, 2023•11 min•Ep. 57
Are you thinking about getting started investing your money, but aren’t sure how much you should invest? In this episode I walk you through the basics of how to decide how much money you’re comfortable investing, so you can find the balance between saving for your future while still living comfortably and enjoying your hard-earned money today. We'll also dive into what index funds are and how they’re a beginner friendly way to start investing responsibly if you're overwhelmed by the choice of di...
May 09, 2022•15 min•Ep. 56
If you’ve caught some of my previous episodes you’ll know that I’m a strong believer in making sure that everyone has an emergency fund, also known as an F You Fund, to protect themselves. I’ve walked you through how to start an emergency fund, how to save money faster for your emergency fund, and how much you need in am emergency fund. So today, I thought it would be a good idea to talk about how long it can reasonably take to save up for your emergency fund, because despite the immediacy of th...
May 02, 2022•14 min•Ep. 55
THE 5 BEST WAYS TO BUILD WEALTH IN YOUR 20’S This episode walks you through the best ways to build wealth in your 20’s. Building wealth works best when you start young, and I wish this was something we were taught in school so we could all take advantage of starting to grow our money while we’re young! This doesn’t teach you how to be rich quickly, but sticking with a long term wealth building investment strategy will help you become rich and financially secure later in life! NEXT STEPS: Want to...
Apr 25, 2022•13 min•Ep. 54
This episode is for you if you didn’t know that tax write offs and tax deductions aren’t just for small businesses and entrepreneurs! Even if you’re an employee, there may be ways that you can use tax deductions to pay less tax in canada. Want to lower your tax but don’t know how, make sure you catch this episode to see if one of these 10 great tax deductions applies to you! NEXT STEPS: Want to learn more about managing your finances like a real live adult? Join the free personal finance mini co...
Apr 11, 2022•16 min•Ep. 52
Today we’re talking about how to file taxes in Canada! Canadian taxes aren’t complicated or scary, but they can feel that way when you’re a beginner filing your taxes for the first time! In today’s lesson we cover the basics of how you can file your taxes in Canada, including different options for filing taxes, how to use tax deductions and tax credits, and how to use an RRSP to save money on taxes in Canada. By the end of the episode you’ll be able to decide what method is best for you to use t...
Apr 04, 2022•21 min•Ep. 51
If you’ve been looking for a complete beginner’s guide to TFSAs then look no further! This TFSA for beginners episode walks you through the rules of using a TFSA in Canada properly. Including what is a TFSA, how to use a TFSA, and how to invest tax free in your Canadian TFSA account, this is the go-to-guide for anyone looking for a ‘TFSA for dummies’ approach to explaining Tax Free Savings Accounts in Canada. NEXT STEPS: Want to learn more about managing your finances like a real live adult? Joi...
Mar 28, 2022•18 min•Ep. 50
This episode outlines the top financial mistakes to avoid when you’re young. Learn the money pits that so many people fall into, learn how to avoid these money mistakes, and learn how to start properly managing money in your 20’s! NEXT STEPS: Want to learn more about managing your finances like a real live adult? Join the free personal finance mini course, it’s perfect for beginners! https://howtoadultschool.com/7-day-money-challenge Ready to take your first step towards financial independence? ...
Mar 21, 2022•18 min•Ep. 49
Are you looking for information about how to quit your job and how to become an entrepreneur? If you’ve wanted to quit and become self-employed, then there are a few questions you should ask yourself before you leave your job and become part of ‘the great resignation’ that’s happening right now. It can be scary to switch from employee to entrepreneur, but if you check these boxes outlined in this episode, then chances are you’re ready to take the next step! NEXT STEPS: Want to learn more about m...
Mar 14, 2022•20 min•Ep. 48
If there’s anything that being an entrepreneur and self employed through the past year of pandemic life has taught me, it’s that I want to create multiple streams of diversified income and passive income, to have financial freedom and financial security. When the Covid-19 pandemic hit, it found me just a few years into running my first business, a successful wedding photography company. I loved my business, but watched almost all my work and income for the year disappear in the span of just a fe...
Mar 07, 2022•25 min•Ep. 47
WHAT TO DO WHEN YOUR MONTHLY BILLS GO UP - HOW TO NEGOTIATE BILLS This episode will teach you bill negotiation tactics, so you know what to do when your bills go up. Use this bill negotiation script to lower your monthly bills, and save money by lowering your expenses overall. This is a skill you should practice annually or whenever you notice your bills go up. It will save you so much money over time! NEXT STEPS: Want to learn more about managing your finances like a real live adult? Join the f...
Feb 28, 2022•14 min•Ep. 46
It’s no secret that I don’t love money mindset work. So many people teach how to use money mindset to get rich, but fail to provide tangible and actionable finance skills to actually get you there. So, today I thought I’d talk about the money mindset secret millionaires use, and the money mindset secret that YOU can also use to get rich. The catch? You probably know this secret already, you just need to put it into practice and put in the work to achieve your biggest financial goals. NEXT STEPS:...
Feb 21, 2022•15 min•Ep. 45
Today we’re talking RRSPs and how to save money and pay less tax by using your RRSP properly. If you’re an RRSP beginner, I also recommend watching last week’s episode which was a complete beginners’ guide to RRSPs. Using your registered retirement savings plan can save you thousands of dollars in taxes a year, PLUS it’s a great account to take care of your future self in retirement. RRSPs are a canadian savings and investing account that offers a tax refund immediately, and tax deferral while t...
Feb 14, 2022•22 min•Ep. 44
Today we’re going to talk about RRSP’s! If you’re confused by the term RRSP, you’re not alone. Feel like a total RRSP, retirement savings, and investing beginner, then this episode is for you! Don’t worry if you don’t even know what RRSP means (it stands for registered retirement savings plan), we’re going to start with the basics, and explain what an RRSP is, why it’s a great account for canadians to use, how to contribute money to your rrsp within the contribution limit, how the rrsp tax deduc...
Feb 07, 2022•20 min•Ep. 43
JOIN OUR MAILING LIST → https://view.flodesk.com/pages/60eefaf115524dbe58151b1a WHY THE LATTE FACTOR WORKS (IF YOU WANT TO BE A MILLIONAIRE) Have you ever heard of the latte factor? It’s a concept coined by David Bach, one of my favourite financial authors, and appears in his book The Automatic Millionaire. Concepts like the latte factor have taken a lot of flack from the millennial generation, and rightly so as it’s often used to shame millennials for having poor financial habits, often unjustl...
Jan 31, 2022•18 min•Ep. 42
JOIN OUR MAILING LIST → https://view.flodesk.com/pages/60eefaf115524dbe58151b1a HOW TO MANAGE YOUR MONEY (THE PAY YOURSELF FIRST RULE) Do you know how to pay yourself first to build wealth and save money? If you know how, then ask yourself, ARE you paying yourself first right now? If you’re struggling to manage your money, learning this finance tip will help you start saving money, budget properly, and build wealth by paying yourself first. This isn’t a get rich quick scheme, but over time you w...
Jan 24, 2022•18 min•Ep. 41
HOW TO CALCULATE YOUR NET WORTH It’s almost the end of the year, which means it’s time to do my annual net worth audit! Do you know how to calculate your net worth by comparing your assets vs liabilities? Doing a net worth assessment annually is one of the best ways to track your overall financial progress. Understanding net worth will help you grow your wealth steadily overtime and make informed decisions about your personal finances. Watch this video to learn how to do your own net worth asses...
Jan 17, 2022•14 min•Ep. 40
If you’re ready to get on top of your personal finances, but don’t know where to start, then this episode of the How To Adult Show is for you! This is the order of operations we recommend when it comes to saving money, investing money, and paying off debt. I walk you through steps 1-3 you should be taking now to save money in your 20’s, and manage money through your 20’s and 30’s. It’s not hard if you follow this framework, practice discipline, and continue to improve your financial literacy by ...
Nov 15, 2021•15 min•Ep. 39
THE SECRET TO BUILDING WEALTH WITH THE LEAST EFFORT I know, the title of this episode sounds like one of those too good to be true finance clickbait hooks, but I promise you it’s not! There are so many ways you can build wealth, but the secret to building wealth with little effort? It’s simple really! Starting to save and invest as early as possible will allow something called compound interest to build wealth for you. Compound interest has the greatest effect over time, aka the longer you are i...
Nov 08, 2021•17 min•Ep. 38
I have always been an entrepreneur. Ever since I graduated university I have been self employed, and no, I’m not a big risk taker. I’m actually very risk averse, and being self employed seemed to be a very safe option for me as long as I planned ahead, and looked at how to mitigate risk as an entrepreneur. One of the best things I ever did to create job security and income security as an entrepreneur, create a fully funded emergency fund that would cover 1 year’s worth of living expenses if I co...
Nov 01, 2021•15 min•Ep. 37
HOW TO OVERCOME FINANCIAL ANXIETY FROM YOUR PARENTS Are you feeling the weight of financial stress because you took on money anxiety from your parents? Generational financial anxiety is a very real thing, because we learn so many habits and thought patterns from our parents. Either talking about debt in a stressful way, or failing to discuss finance at all can lead to financial anxiety and all kinds of money guilt. Want to overcome financial stress and stop feeling anxious about money? Try these...
Oct 25, 2021•14 min•Ep. 36
