The Canadian Money Roadmap

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...

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...