The Financial Classroom Canada

In this episode, Eric provides some real life examples of why having an emergency fund is so important. While Tim and Wil provide some insight into self-insurance and why this is such an important concept to discuss. Listen as we discuss: -How each member handles emergency funds -Utilizing a shared emergency fund when finances are kept separate -Why emergency funds are good for your mental health...

Hi again! It’s been awhile. Life is just crazy busy, but we are trying to slowly get into the swing of things as fall enters. We gave a little bit of a feedback on the current markets and what is going on lately in the markets.   If you have any feedback, have topics you would like us to discuss, or if you would like to come on the show, feel free to email us at  ⁠financialclassroom@gmail.com⁠   P...

Hi again! It’s been awhile. A LONG while. But we’re back. This episode is a little update about what we’ve been up to, our investments and big life happenings. We’ve got some BIG and fun things that have been going on in the meantime. A few things that we talked about this episode… -       Tim ran into a listener of the show -       Passiv investment application -       Eric talks about how his di...

In this episode, Eric and Tim discuss the ins and outs of a shared passion – budgeting. They see budgeting as more than a math calculation; they see it as aligning your values with your finances and a means to experiencing peace of mind. They also realize that there are a lot of challenges associated with budgeting, especially in getting started with your first budget. In this episode, Eric and Ti...

Hey everyone! Sorry for MIA all summer, but we are back! Tim, Eric, and Will were all busy during the summer and had to take a break. It's good to be back recording once again. In this episode we caught up on each other's summer and how each other is doing overall. We touched on the current economic environment in the world and why markets have been dropping recently. A few things we noted...

In this episode, we take a deeper dive into the newest member of The Financial Classroom Canada, Eric, and learn about his journey to becoming a 6-figure millenial. We interview Eric to discover the challenges he faced, changes he made, lessons learned, and how to avoid the temptation of "Keeping up with the Joneses". During our conversation, we discussed: - Eric's Current net worth, with discussi...

In this episode, Miro Svoboda returns to discuss the most common questions that he has received from RCMP members about their pension plans. While this is an excellent episode for any member of the RCMP to listen to, it will also be extremely beneficial for anyone else who has a defined benefit pension. Some of the topics discussed include: How is a defined benefit pension calculated? What happens...

We are back after a little break! In this episode on the Financial Classroom Canada, we talk about a few of the new changes that the Canadian Federal Government has introduced in 2023. We talk about: First Home Savings Account (FHSA) What is it? Government Savings account in which you can put money away for you and/or a partner, to save for the purchase of your first home. Who is it available to?...

On this episode of The Financial Classroom, our special guest is Tim’s brother Michael. Michael self-describes himself as having become a 6-figure millennial by accident. However, he goes on to clarify that he achieved this feat by keeping expectations realistic about the lifestyle he can afford. Listen in as Michael talks about: How he paid off his student loans, and went on to pursue additional...

Episode 69 Today we got to talk to Miro Svoboda once again from Harbour Front Wealth. This time we talked about the current economic conditions and how the feds have influenced the market. We then dived into owning variable assists in order to protect yourself when parts of your portfolio is down, and navigating through this bear market. We also discussed how the traditional 60/40 portfolio last y...

In this episode, Will, Tim and Eric decided to do something a little bit different and took a deep dive into the payday loan industry. While the hope is that listeners will never have to take out payday loans, the information provided in this episode may prove useful in conversations with friends and family members who may be considering payday loans as an option. Additionally, the information tha...

This is the episode where we say goodbye to Jules as her life is getting busier and busier and needed to take time off to focus on her family and work! We are so proud of her for becoming a great Mortgage broker and being such a wonderful mom to her two kids. Best of luck Jules and thanks for being apart of the Financial Classroom Canada this past year and a half. With that said, this episode we i...

This episode was a blast from the past as one of our first guests returned to the podcast. Josh, who was featured as a 6-Figure Millennial on October 4, 2020 (before we numbered our 6-Figure Millennial episodes), now has his own blog, Money Making Habits. This blog is dedicated to helping people to wisely and successfully build a dividend growth portfolio. In today’s episode, we discussed Josh’s a...

Episode 65 In this episode we talked about the upcoming recession and how to prepare for it. With the federal reserve and banks around the world continuing to hike interest rates we are going to see a big slow down as demands start to slow. Tim and Will discussed how to prepare for when a recession hits and how to take full advantage of it. With every bear market and recession there is an opportun...

It’s the week of Black Friday, which means that Christmas is slowly creeping up on us. While Christmas is a great opportunity to celebrate and spend time with loved ones, it can also be quite expensive. This year particularly, with inflation running rampant, it has become increasingly necessary to ensure that the holidays don’t run us dry. In this episode, Will and Tim discuss some ways to save mo...

Episode 63 This week we spoke to Eric Preston from Regina, SK about his own personal journey in finance and how having a financial community group to talk with has helped him with his own finance. In this episode Eric talked to us about the importance of surrounding himself with people who also enjoy finance and the lesson he has learned from having such a community. Eric shared his own journey an...

Death is not an easy subject to talk about, but it is also something that ABSOLUTLEY SHOULD be talked about – from an estate planning perspective, at least.  In this episode, Will and Tim talk about this topic with Mark Stefan, a successful wealth planner who has been in the industry for 38 years. Mark breaks down this uncomfortable subject, explaining everything from how an estate plan shoul...

Kids are a blessing, but they can also be SCARY expensive. What costs should you expect? Or how can you trim down some of those costs? Which costs SHOULD you try to cut down on? If you’re like Will, you’re hoping we don’t suggest cutting down that food bill :P Join Will, Tim and Jules for a discussion on everything to do with kids, including: -  How much will you probably spend on your child from...

Epsiode 60! Today Will, Tim and Jules talked about the latest FOMC meeting and the result of the newest fed rate hike and what it means more everyday folks. We broke down why inflation is happening and how hiking rates can help reduce inflation. We touched on things like how the rate hike affects mortgages, rent, line of credits and other debts as well as how you can control your situation in this...

In today's 6-Figure Millennial episode, we talk with Darcy from "We Want Guac" blog. Darcy's journey has brought her from the humble beginnings of living in a shared attic apartment with no heat or AC after graduation. Fast forward, and she has managed to amass a $270k net worth at 28 years old. Listen as Darcy talks about several aspects of this journey, such as: - Her mindset on living in the at...

Episode 58! Today we got the chance to talk to Mekenna and Nolan from Saskatchewan! This young couple reached 100k Net worth at 22years old and now have close to 130k in Net worth! Listen to how they avoided debt and paid off their student loan the moment they finished school. Mekenna and Nolan were very interesting to talk to and spoke on the importance of being frugal and how growing up in a fru...

Episode 57! In this episode we spoke to Justin Johnson a 6 figure Gen Z  from Kentucky, USA. Justin was an incredible guest to talk to he currently has a net worth of 220k and reached his first 100k at age 20yrs old. Justin is a realtor and industrial salesman, and unlike many 20 year old he is married and 1 child. His incredible net worth, didn’t come from just luck but from hard work and sm...

In today’s episode, we have Ruthy and Ryan, two spcial guests from Calgary who decided to take a 2-year break from their jobs and travel with their kids all the way across the world to help people. So many wish they had the guts and financial stability to pull this off, but few do. Take a listen, and hear what Ruthy and Ryan had to say about: How Ryan and Ruthy made the decision to pack up and lea...

Inflation is running rampant. Everything from gas to groceries is getting more and more expensive, and we all need to develop strategies on how we are going to address these financial pressures. • If you have no clue what is causing inflation, or if you are seeking strategies with how you can deal with inflation, tune into this episodes. In this informative episode, Will and Tim discuss: The cause...

Today we got the chance to speak to a 7 figure Millennial! It’s not very often that we have a 7 figure Millennial guest on but today Matt Dewey a coach with Enriched Academy decided to come on the show to share his story! In this episode we talked about how Matt was able to take advantage of real estate investing at an early age and build his net worth by buying a few properties early on in his li...