The Canadian Money Roadmap

Send us Fan Mail In this episode, I reviewed the Netflix series "How to Get Rich" and shared my thoughts on the show's advice and effectiveness; a few things I liked and a few things I didn't like. I discussed the importance of communication and setting expectations with a partner when it comes to finances, as well as the concept of a conscious spending plan. Additionally, I cr...

Send us Fan Mail Diversification, participation and automation are the keys to getting your first $100,000 invested.  It's the hardest milestone to reach but the most important one for building your long term wealth.  Whether it's for retirement or financial independence or generosity, the sooner you can get to your first $100,000 the easier the rest of it becomes. Download the Roadmap t...

Send us Fan Mail In this episode, we cover a range of topics sourced from some of the top posts on Reddit over the last month. We cover some of the considerations needed when you have a $1 million RRSP, the potential risks and benefits of leveraging an RRSP loan, and what to expect from RRIF minimums. We also discuss how to manage tax payments to the CRA, including ways to avoid interest charges a...

Send us Fan Mail To be a successful investor, you need to have a process for making investment decisions.  To be more specific, you need to have a good process.  In this episode, I talk about some of the things you need to consider to make sure you have a good investment process that can be repeated over and over again. 📱 Book an intro call - Cedar Point Pathway retirement planning service 📝 Fin...

Send us Fan Mail The legal side of money is one most people don't spend much time on but it can have a massive impact on your loved ones.  Lauren Scharfstein is an estate lawyer at Scharfstein LLP here in Saskatoon and she walks us through how we can be proactive with estate planning (yes, even us "young" people)  so we can feel empowered and confident with our money.  You can conne...

Send us Fan Mail Hot off the presses, the First Home Savings Account is a new account type that will help Canadians build a tax free down payment on their first home.  However, it is much more valuable than that and Aaron Hector walks us through all of the details and how to maximize the value of this new account. Follow Aaron Hector on Twitter to keep up with more of his expert insight on finance...

Send us Fan Mail A roundup of some recent news items including the federal budget, oil price increases, minimum wage increases and a lawsuit against YouTubers promoting FTX. 📱 Book an intro call - Cedar Point Pathway retirement planning service 📝 Financial Foundations Scorecard - See how you score in the areas of cashflow & spending,  saving & investing, debt & risk protection, and r...

Send us Fan Mail An honest discussion of some things I've done that are "dumb" on paper but made sense for my own situation.   📱 Book an intro call - Cedar Point Pathway retirement planning service 📝 Financial Foundations Scorecard - See how you score in the areas of cashflow & spending,  saving & investing, debt & risk protection, and retirement readiness. Instant fee...

Send us Fan Mail Andrea Hansen is the president of Sutton Benefits and Pension and is an expert in all aspects of workplace benefits plans.  She joins me on this episode to help us all understand what to be looking for if you're considering a new job or what questions to ask to better understand your benefits at your current employer. If you are a business owner in SK or AB and would like to...

Send us Fan Mail A bonus episode for all of you who aren't quite sure what has been going on with the banking sector in the US and specifically with Silicon Valley Bank. For an "in the weeds" look at the situation, check out The Demise of Silicon Valley Bank by Marc Rubinstein. Let me know what you think at hello@evanneufeld.com 📱 Book an intro call - Cedar Point Pathway retirement...

Send us Fan Mail Some easy and some not so easy things you can do to maximize the value of your RRSP and to help you decide whether you should be using an RRSP in the first place. 📱 Book an intro call - Cedar Point Pathway retirement planning service 📝 Financial Foundations Scorecard - See how you score in the areas of cashflow & spending,  saving & investing, debt & risk protection,...

Send us Fan Mail Short episode here about things you can do to start taking action on your finances to feel less overwhelm. 📱 Book an intro call - Cedar Point Pathway retirement planning service 📝 Financial Foundations Scorecard - See how you score in the areas of cashflow & spending,  saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommen...

Send us Fan Mail First episode of the month means another batch of New and Noteworthy.  I take a look at a survey from BMO that found Canadians feel like they need $1.7 million to retire and give some reasons why that may or may not be the "right" number.  Secondly, I review some research from Morningstar that looks at why investors' returns have been consistently lower (1.7% on ave...

Send us Fan Mail In this episode, I'm joined by Mark McGrath CFP®, CIM®, CLU® who provides a masterclass on all things corporations. If you're a small business owner, medical professional, engineer or on your way to becoming any of these, this episode will be a great resource for you. If you'd like to connect with Mark, you can find him on Twitter , LinkedIn or by email at mark@swee...

Send us Fan Mail This is the last instalment in my series on building your own investment approach and I highlight how you can adjust your portfolio to increase your expected returns over time; investing in small cap and value stocks. 📱 Book an intro call - Cedar Point Pathway retirement planning service 📝 Financial Foundations Scorecard - See how you score in the areas of cashflow & spendin...

Send us Fan Mail Some very influential people think that "diversification is for idiots". In this episode I cover why I think diversification is actually critical to your investment approach. 📱 Book an intro call - Cedar Point Pathway retirement planning service 📝 Financial Foundations Scorecard - See how you score in the areas of cashflow & spending,  saving & investing, debt...

Send us Fan Mail A quick look at a few news items that caught my attention recently about the latest Bank of Canada rate increase, grocery price increases coming and layoffs in the tech industry. 📱 Book an intro call - Cedar Point Pathway retirement planning service 📝 Financial Foundations Scorecard - See how you score in the areas of cashflow & spending,  saving & investing, debt &...

Send us Fan Mail This is probably the factor that will have the most impact over how you see investing and how you construct your portfolio. However, listen through to the end as I explain how Passive and Active shouldn't necessarily be seen as "one or the other" and more as a grid for how you see the investing world and how you implement it for yourself. 📱 Book an intro call - Ced...

Send us Fan Mail The next step in building your own investment approach is deciding when you want to make changes to your asset allocation.  Do you want to change when the market changes hoping to time the market (tactical) or do you want to maintain a steady allocation changing when your situation changes (strategic)? 📱 Book an intro call - Cedar Point Pathway retirement planning service 📝 Fina...

Send us Fan Mail The basic mix of stocks and bonds in your portfolio is often called your asset allocation. In this episode, I'll explain why it is valuable to understand the benefits of establishing your asset allocation and how you can determine a mix that works best for you. There isn't a right or wrong mix! The best portfolio is the one that you can stick with the longest. This serie...

Send us Fan Mail In this episode, I introduce my upcoming series on developing your own investment approach.  Much like the weight loss advice of "eat better and exercise", I think we can get a bit more specific on understanding an investment approach beyond "just buy an index fund".  I have no problem with index funds whatsoever but this series will dig below the surface to he...

Send us Fan Mail Thanks to all of you for listening in 2022! This year end episode covers a few things you need to know going into the new year related to TFSAs, CPP, tax bracket changes and the upcoming First Home Savings Account. 📱 Book an intro call - Cedar Point Pathway retirement planning service 📝 Financial Foundations Scorecard - See how you score in the areas of cashflow & spending, ...

Send us Fan Mail Working with a financial planner can add significant value to your financial life. However, it might not always be as cut and dry as certain commercials or media members will have you believe! Steven Guenther joins me today for an open conversation of some of the benefits of professional financial advice. Contact Steven Guenther 📱 Book an intro call - Cedar Point Pathway retireme...

Send us Fan Mail There are plenty of landmines to avoid when it comes to your money but in this episode I talk about 7 critical mistakes you'll want to be aware of in your 30's. If you're in your 20's, 40's, 50's or older, these are all relevant for you as well! But the decade of your 30's comes with unique challenges and opportunities that I wanted to focus on s...

Send us Fan Mail November is Financial Literacy Month in Canada and this week's episode is dedicated to that! We talk about the importance and benefits of financial literacy and then walk you through a quiz to see where you'd land on the literacy scale. Of course, to help improve your financial literacy, please go back and listen to previous episodes of the podcast to learn more about th...