The Canadian Money Roadmap

Send us Fan Mail November is Financial Literacy Month in Canada so this episode is a whirlwind tour through the big topics you need to know to master your money: 1. Cash flow 2. Budgeting 3. Taxes 4. Debt Management 5. Insurance 6. Investing 7. Retirement Planning 8. Estate Planning 📱 Book an intro call - Cedar Point Pathway retirement planning service 📝 Financial Foundations Scorecard - See how...

Send us Fan Mail In this episode, I walk through a real case study from clients of mine where I’m helping them prepare to make a $187,000 TFSA contribution. I use this real life example to explain some of the key TFSA concepts: - Contribution room - What happens when a spouse dies? - Making a withdrawal - Over-contribution penalties - Re-contribution of withdrawals While this situation is unique t...

Send us Fan Mail In this week's conversation with Jason Yee, we discuss all things related to the Canada Pension Plan (CPP).  Jason helps unravel the diverse types of CPP benefits, eligibility rules, and how to leverage CPP's unique features optimally. To make the concepts easier to understand, Jason created an animated video that explains the process of obtaining the maximum retirement...

Send us Fan Mail This week, I jumped onto Reddit to find a few topics that are top of mind for many Canadians. Here are the headlines for the posts I discuss on the episode: 1. So lost. Lost my high salary job. What do I do now?? 2. One bad financial decision. The stress is constant now. Not sure what to do 3. Am I doing something wrong, or is this roboadviser not that good? 4. With the enhanced C...

Send us Fan Mail Are you on the path of creating generational wealth, or perhaps in the throes of navigating a family business transition? If so, this episode holds keys to unlock some of your biggest challenges. I had the pleasure of hosting CFP® Professional and Wealth Advisor, Steve Willems, who expertly guides us through the journey of managing and transitioning generational wealth. Our conver...

Send us Fan Mail How do perceptions, priorities, and goals shape retirement outlook for pre-retirees and retirees? And how does a written financial plan play into the picture? I am thrilled to dive into these intriguing questions with our special guest, Michelle Munro, Director of Tax and Retirement Research at Fidelity Investments. Michelle brings to our discussion fascinating insights from Fidel...

Send us Fan Mail Get ready for an enlightening journey into the world of behavioral finance with our special guest, Dr. Daniel Crosby. Not only is he a psychologist, but he's also a recognized expert in behavioral finance and the author of the incredible book, "The Laws of Wealth". Through his insightful lens, we'll discuss the complexity of human behaviour when it comes to mon...

Send us Fan Mail In this episode, I review a few of the core ideas I share on this podcast about money.  Many of you are new listeners so I want to give you an overview of some themes that you'll continue to hear from me going forward.  I also realized that there are many more things I could have included here but I'll go over the following items this week: 1. Simple > Complicated 2....

Send us Fan Mail Is 'free money' too good to be true? Allow us to clarify the often misunderstood world of dividend investing with my guest, Mark McGrath, a financial planner and investment advisor at PWL Capital. We're here to debunk the myth that dividends are 'free money' and to provide an understanding of their distribution and impact on a company's share price. M...

Send us Fan Mail It is so easy to spend countless hours learning about something without taking any action on it and financial topics are no exception.   But the best way to learn something is to put down the books, podcasts and social media and just try it for yourself.   So in this episode, I provide ideas for things that you can do TODAY to improve your financial situation.  Not earth shatterin...

Send us Fan Mail I receive lots of emails from listeners asking questions but I rarely receive emails from 17 year olds trying to get a jump on their investing knowledge before turning 18! This episode goes over some of the amazing questions I received from a person completely new to investing and I hope it is valuable to anyone else getting started on their investing journey.  📱 Book an intro ca...

Send us Fan Mail In this episode I lay out a simple 3 account strategy for managing your cash.  It doesn't get much simpler than this!  This approach will make sure you have cash set aside for monthly expenses, future expenses and emergencies. 📱 Book an intro call - Cedar Point Pathway retirement planning service 📝 Financial Foundations Scorecard - See how you score in the areas of cashflow...

Send us Fan Mail Ever wondered how the cryptic language of finance can be decoded, specifically for Canadians? Looking to navigate the maze of tax-related terms and financial jargon? This episode will aid you in your quest.    It's time to make finance less intimidating and more accessible. Join us as we break down the financial language barrier. 📱 Book an intro call - Cedar Point Pathway re...

Send us Fan Mail I received a few questions after my last TFSA episode so I thought I would answer them for you here: 1. How do you invest in stocks in a TFSA? 2. What are the factors to consider between TFSA and RRSP for high income earners? 3. What happens to your TFSA after you die? 4. Can you get your TFSA contribution room back if you make a withdrawal? 📱 Book an intro call - Cedar Point Pat...

Send us Fan Mail Better late than never! This episode goes through the first half of the year (ish) and how different stock markets around the world have performed.   Next I explain why a viral TikTok video is completely wrong about income taxes. And finally, why Beyoncé could be a culprit for causing inflation in Sweden. 📱 Book an intro call - Cedar Point Pathway retirement planning service 📝 F...

Send us Fan Mail Ever wondered how two seemingly identical investments can lead to dramatically different outcomes? Ready to decode the mysteries of investment returns? Buckle up as we embark on an enlightening journey. We'll dissect three hypothetical ten-year scenarios that, on the surface, appear to have identical returns, but when examined closely, reveal radically divergent investment na...

Send us Fan Mail Imagine if you could transform a small monthly investment of $500 into a million-dollar nest egg for your retirement. Sounds unbelievable, right? Yet, that's exactly what we're exploring in this episode, where we delve into the world of Tax-Free Savings Account (TFSA) investing and the incredible potential it holds. We discuss why the million-dollar mark is not just a ps...

Send us Fan Mail On this episode I discuss all things Net Worth.   What is your net worth?  How do you calculate it?  What are some things you can learn from your net worth? It's not just for celebrities or old men.  Your net worth will help you guide where you can focus your efforts to improve your finances today and long into the future. 📱 Book an intro call - Cedar Point Pathway retiremen...

Send us Fan Mail Here's the latest Reddit Roundup for July where I cover off popular topics found on Reddit throughout the month.  This month's topics include: Understanding why your retirement funds might not be keeping up with "the market" Debunking credit card myths Comparing yourself to others in better financial shape Should you take the monthly payment or cash upfront wit...

Send us Fan Mail Can a single fund be the answer to your investment goals? Achieving success and maintaining diversification might seem impossible with just one fund, but I'm here to break down the pros and cons of this simplified investment strategy. Join me as we explore various types of single fund solutions, either as ETFs or mutual funds, and how they create a balanced and diversified po...

Send us Fan Mail This episode is dedicated to helping you find the perfect professional for your situation. We dive into the world of financial planning designations, such as Certified Financial Planner (CFP), Qualified Associate Financial Planner (QAFP), and Chartered Investment Manager (CIM), to help you identify which credentials to look for in a potential advisor. Navigating the complexities o...

Send us Fan Mail Join me in an episode that dives into the impact of wildfires on oil production and donation tax credits while shedding light on the recent increase in interest rates and the potential for millennials to build wealth in Canada.  Discover how the silver lining of rising interest rates can benefit savers through high interest savings accounts, GICs, and money market funds. Unearth t...

Send us Fan Mail Are you ready to take control of your financial life and make improvements where it counts? This week, I'm taking a short break as my family and I move into our new home. While I'm away, I've created a special "Find Your Focus Scorecard" tool just for you. By clicking on the link in the show notes and answering a series of questions, you'll receive a...

Send us Fan Mail Do you ever find yourself swept up in emotions when it comes to your investments? What if you could learn to manage expectations and make more informed decisions based on data? Join us in this eye-opening episode where we explore the art of expectation management in investing and life in general. We even take a look at the world of baseball to see how expectations can be used for...

Send us Fan Mail In this iteration of listener Q&A,  we'll kick things off by discussing the concept of selling winners and buying losers, and why maintaining a target allocation is crucial to avoid overexposure to a single risk. We also explore the unpredictability of country performance and the importance of diversification when building a portfolio of stocks. Dive deeper into the benef...