Did you know that conflict over finances is one of the leading causes of divorce today? Surprisingly though, the problem isn’t the lack of finances, it is that couples aren’t on the same page when it comes to their money. My guest this week knows a thing or two about overcoming financial stress in a relationship, because he’s been there. Talaat Mcneely is the co-founder of His & Her Money. Together with his wife, they help couples build stronger marriages by teaching them how to play on the ...
Oct 02, 2019•28 min•Ep. 67
What do the terms financial Independence and early retirement mean to you? Did you know that the concept has an acronym, and itís fueling a movement thatís growing in popularity across North America? FIRE, or Financial Independence, Retire Early, promotes the idea of making compromises today, to gain financial freedom in the future. My distinguished guests were none other than Doug Nordman, of the Military Guide, Mark Seed, from My Own Advisor, and J.D. Roth, from Get Rich Slowly. In this episod...
Sep 25, 2019•29 min•Ep. 66
Listening to podcasts can be entertaining, and educational. But did you know that they can also be good for your health? Your financial health, that is. Recently, I had the opportunity to attend a podcasting conference, and ran into a few friends from the personal finance community while I was there; Bethany Bayless, Chris Browning, and Philip Taylor. In this special episode, recorded live at Podcast Movement, I chatted with two fellow podcasters, and a former podcaster, about why listening to p...
Sep 18, 2019•28 min•Ep. 65
Has anyone ever told you that they don’t invest because it’s no different than gambling? It’s a line I hear from time to time, so I invited this week’s guest on to the show, to answer the question once and for all. David Stein is the author of the new book, Money For The Rest Of Us, and hosts a podcast by the same name. Previously, for many years, he managed billions of dollars for institutional investors, so he knows a thing or two about the subject of investing. You can find the show notes for...
Sep 11, 2019•26 min•Ep. 64
Are you looking for ways to make extra money alongside your 9-5? Or maybe start a business that could someday replace your full-time gig. There are plenty of people who have done just that, including my guest this week. Deacon Hayes is the founder of the personal finance blog, Well Kept Wallet. For Deacon, success didn’t come overnight. Listen in as we discuss how he got started in blogging, and why he thinks there are better ways to make money. You can find the show notes for this episode at ht...
Sep 04, 2019•28 min•Ep. 63
Do you have travel plans in the near future? To take the sting out of hotel costs, many people are turning to things like credit card rewards, hotel loyalty programs, even third party websites such as Expedia, or Booking.com. But with so many options available, which loyalty program should you choose? Lee Huffman is a travel and finance blogger, and founder of the website, Bald Thoughts. Lee knows a thing or two about getting a great deal on a hotel, and he joins us this week to share some of hi...
Aug 28, 2019•29 min•Ep. 62
How do you feel when you look at your investment statements? Will you ever experience financial freedom? How about retirement? Does it seem like nothing more than a pipedream? My guest this week is Rob Berger, a personal finance editor for Forbes, and author of the book, Retire Before Mom and Dad. According to Rob, financial freedom is a journey, not a destination, and he shows us ways that we can get started right away. You can find the show notes for this episode at https://maplemoney.com/robb...
Aug 21, 2019•30 min•Ep. 61
Have you ever thought about buying a rental property, but worried that it might be too much work? According to my guest this week, real estate investing can be a great source of passive income, but only if you manage it the right way. Dustin Heiner is a real estate investor, and founder of the blog, Master Passive Income. Dustin joins us to discuss how he generates passive income from a large real estate portfolio spread across three different states. You can find the show notes for this episode...
Aug 14, 2019•32 min•Ep. 60
Have you ever wondered what your life would look like on a physician’s salary? After all, what kind of money trouble could a doctor run into? According to this week’s guest, the answer might surprise you. Ryan Inman is the host of the popular Financial Residency Podcast, a show dedicated to helping high-income earners stay on top of their finances. He joins us to discuss why it’s always important to have a budget, regardless of your income. You can find the show notes for this episode at https:/...
Aug 07, 2019•26 min•Ep. 59
It’s no secret that it’s more expensive than ever to own a home in Canada. In fact, the average price of a home today is over $450,000, and in cities like Toronto and Vancouver, it’s well over a million dollars. With prices like that, how can a young person ever afford to own a home? My guest this week is Alyssa Davies, content specialist at Zolo.ca , Canada’s largest digital real estate brokerage, and founder of Mixed Up Money. She joins us to discuss the challenges faced by people entering the...
Jul 31, 2019•29 min•Ep. 58
Have you ever dreamed of checking off items from your bucket list, but felt like you just didn't have the time or the money to make the dream a reality? My guest this week spent years struggling to find free time and extra money for herself. That is, until she figured out how to reclaim her schedule and infuse more affordable bucket list experiences into everyday life. Karen Cordaway is the author of The Everyday Bucket List Book, and she joins me right here on The MapleMoney Show, to help me an...
Jul 24, 2019•31 min•Ep. 57
Your mortgage is likely the biggest debt you'll take on in your life, and it can delay your retirement savings. But what if you could convert your mortgage into a tax-deductible loan and start saving for retirement a couple decades earlier? That's exactly where the Smith Manoeuvre comes in. Robinson Smith is president of Smith Consulting Group Ltd and the son of Smith Manoeuvre creator, Fraser Smith. Robinson is the expert in the Smith Manoeuvre so it was a no brainer to bring him on the show fo...
Jul 17, 2019•29 min•Ep. 56
As Canadians, do we need to buy a house, stick to the same career, and only travel during our few weeks of vacation? Or could we shun homeownership while investing the majority of our income, to retire early and travel the world? Kristy Shen and Bryce Leung from Millenial Revolution were able to quit their jobs and now live in countries where the cost of living is less than the dividends they earn from their portfolio. They join the show to help dispel the myths around this type of lifestyle. Yo...
Jul 10, 2019•41 min•Ep. 55
Ah, the internet, where everyone has an opinion and people get advice from anonymous strangers. But it doesn't have to be all bad if you know the right questions to ask and have the right level of skepticism to not blindly accept the replies when it involves your personal finances. Joe Saul-Sehy, the founder of Stacking Benjamins and Money With Friends, gets out of the basement to join the show to discuss how we can use the internet and make the most of forums, social media, and Facebook groups....
Jul 03, 2019•26 min•Ep. 54
How much are your investments costing you? Investors and a lot of the investment offers out there like to talk about past returns, but that's not a great indicator of future returns and on average, by definition, you're just as likely to underperform the market as you are to beat it. But it gets worse, because of fees, which take that hopefully at least average return and start dragging it down and potentially costing you hundreds of thousands by the time you retire. Dean Kendall joins us today ...
Jun 26, 2019•24 min•Ep. 53
There are lots of ways to make a little money on the side, especially in this digital age. We've covered a few in more generalized episodes, but I want to dive into one of the opportunities this week. Bobby Hoyt started Millennial Money Man after paying off $40,000 in student loans, but what I found interesting is that he grew his site with Facebook ads and also ran a digital marketing agency to help other businesses get customers through Facebook. Today, Bobby is joining us to go through how yo...
Jun 19, 2019•21 min•Ep. 52
Have you recently caught financial independence fever? Or maybe like I did, you hit a point where you've realized you need to change your spending and increase your income. That's great, but that doesn't mean everyone in your household will have that same epiphany at the same time. Andy Hill is the host of the Marriage, Kids and Money Podcast, and he joins us to share how he got his wife interested in working towards financial independence and how he got his children learning some great money ha...
Jun 12, 2019•34 min•Ep. 51
One of our favourite things to talk about in Canada is the extraordinary cost of real estate, especially in Toronto and Vancouver. But who says you need to be locked into a mortgage, or even a location? Nick True from Mapped Out Money lives full time in an RV. And it's not just him, his wife and four pets are also packed into their Airstream! Keep listening for the pros and cons and how he makes it all work. You can find the show notes for this episode at https://maplemoney.com/nicktrue Are you ...
Jun 05, 2019•25 min•Ep. 50
If you've been listening to the podcast for a while, and certainly if you've been reading the blog, you'll know I'm a big fan of using credit cards responsibly as a tool to earn rewards, build credit, and protect your purchases and travel. However, some people in our personal finance circles believe the best way to become debt free and stay that way is to not allow yourself to have such easy access to spending and debt. Steve Stewart is the editor behind the MapleMoney Show and we're in great co...
May 29, 2019•26 min•Ep. 49
More and more, it's becoming a dream of people to escape the cubicle and live the life they want. Now, there's nothing wrong with the traditional career path to retirement, but I want to show there are other options that are possible. Paula Pant from Afford Anything did just this, so today we'll walk through how she was able to quit her job and travel the world. Then when she came back, she decided that the regular 9-5 wasn't going to work for her and created the lifestyle she wanted. You can fi...
May 22, 2019•27 min•Ep. 48
Have you heard of the Couch Potato Portfolio? It's a simple investing model that I've really liked over the years, but there's one thing that bothered me, that the Canadian market was given the same weighting in the allocation as the US and international markets. Noah Solomon from Outcome Wealth Management joins us on the show to discuss how Canadians are overinvested in Canada, whether they're following the Couch Potato Portfolio or simply choosing stocks and mutual funds. Plus, we discuss how ...
May 15, 2019•27 min•Ep. 47
Have you heard of the Latte Factor? It's a term coined by David Bach, author of The Automatic Millionaire, a book you should definitely read. Our guest today is Bethany Bayless, the co-host of The Money Millhouse podcast, and she joins us to discuss what the Latte Factor is and how cutting small expenses can add up to some real gains over time. You can find the show notes for this episode at https://maplemoney.com/bethanybayless Once you've overcome your latte factor, put your money to work in a...
May 08, 2019•21 min•Ep. 46
Thinking of starting a business with your spouse? Or maybe you already have a business and are considering bringing your significant other on so they can leave their job and enjoy the entrepreneurial lifestyle with you? Mike Monfredi from MikedUp Blog is here today to walk us through what it's been like to work with his wife at their dental practice. We cover the pros and cons and how you can find opportunities to work together with your spouse that actually creates a stronger relationship from ...
May 01, 2019•21 min•Ep. 45
Are you planning a family vacation for this summer? Sometimes these vacations can really wear down the parents, especially if your children are young or you're paying for the trip with credit. You'll come back feeling much more relaxed and refreshed if you can enjoy the experience and are not racking up debt from the trip. Holly Johnson from Club Thrifty joins us to discuss how she makes the most of family travel, starting before the trip by reducing expenses and budgeting in advance. Then, we g...
Apr 24, 2019•28 min•Ep. 44
We've talked about FIRE, or Financial Independence Retire Early, on this show before, but how do you line up your finances to be able to make that major change to your lifestyle? Jonathan Mendonsa from Choose FI stopped by the show to explain how we can create space to execute a fully funded lifestyle change. We cover a lot today, like eliminating debt, increasing your savings, and creating additional income so you're not dependant on your job. Plus, just how much are your years of education and...
Apr 17, 2019•41 min•Ep. 43
Health and wealth. Those two things seem to go hand in hand, whether it's new year's resolutions or just those of us that want to stop bad habits and get on the right track. While we obviously talk a lot about money here, what if you wanted to be healthier without it knocking you off your road to financial freedom? Brad Barrett from Choose FI joins us this week to discuss how he was able to adopt a healthy lifestyle while still staying frugal. You can cut out the junk, eat better, exercise, and ...
Apr 10, 2019•28 min•Ep. 42
You're listening to the MapleMoney Show, and I hope you also love the MapleMoney blog, but the beauty of personal finance blogs is that there's something out there for everyone. While MapleMoney's mission is to help all Canadians with various money issues, there are many great sites dedicated only to investing or women's finances, or maybe even write with humour that attracts someone that might not have been interested otherwise. Harlan Landes is possibly the first personal finance blogger and a...
Apr 03, 2019•29 min•Ep. 41
Winter is coming to an end, so I apologize now for bringing up snowballs and avalanches, but there's also no better time than now to get out of debt. Jackie Beck is the creator of the app store hit, Pay Off Debt by Jackie Beck, which has helped over 53,000 people break free from debt. Today on the show, Jackie shares her debt story and explains the difference between and the debt snowball and the debt avalanche, and which one might be best for you to finally conquer your debt. You can find the s...
Mar 27, 2019•22 min•Ep. 40
Are you looking to pay down debt, increase your income, or save for retirement? Or maybe even simply save for a nice warm vacation next winter? Then breaking things down to small, specific goals is the way to achieve that. Eric Rosenberg from Personal Profitability is on the show today to discuss how he sets goals and makes sure to follow through on them. I'm a big fan of goals, in fact, I can easily get distracted with my time, so I find it hard to get anything accomplished without goals and de...
Mar 20, 2019•31 min•Ep. 39
Living frugally is a great way to get your spending under control and set a base to improve your personal finances. However, what's the point of cutting every expense and possibly retiring early if you aren't able to put your money to good use on the things you enjoy in life? Tanja Hester is the writer behind the blog Our Next Life and the new book Work Optional, and she's joining us to share her views on how we can be selectively hardcore in our money saving ways but be able to spend on quality...
Mar 13, 2019•23 min•Ep. 38
