The Financial Classroom Canada

Episode 53!  Today we talked to Zijin from Calgary. An engineer but also someone who loves to learn and during covid he decided to learn about cryptocurrency! Since Jules TIm and WIll aren't well versed in the crypto world we decided to have Zijin come on to talk about the basics of cryptocurrency. In this episode we were able to touch on:  What is crypto?  How does Crypto work? Why...

Episode 52 | First Home Purchase & Tax Update • Buying a home is one of the most imporant life decisions you will ever make. However, for many, it is a scary journey because if is full of unknowns. Will and Tim just bought their first homes, so the team decied to unpack the process of buying a home. • As an added bonus, the first time home tax benefits from the April federal budget are also di...

Epsiode 51! Today we spoke to Shannon Konsmo a CPA from Whitecourt, Alberta. Shannon was a wealth of knowledge and we really enjoyed talking to her and learning about the ins and outs of taxes. In this episode we talked about: What is the difference between sole Proprietorship vs incorporated companies? When people should incorporate as a business and why it is and isn’t a good idea to do it when...

EPISODE 50: TIM BECOMES 6-FIGURE MILLENNIAL • EPISODE! FIFTY! We HAD to do something special for our 50th episode, and it just so happened that Tim hit 6-figure net worth at the same time as we were scheduled to release our 50th episode. Take a listen as Tim shares his story of growing up with frugal parents, overcoming student loans and how budgeting catapulted him from a negative net worth to a...

Today Tim, Jules and Will spoke about the recent downturns in the stock market and how to invest in it as well the opportunity cost of spending money and using your time. We dug deeper and asked people to understand the true meaning of understanding volitily and discussed how market downturns can really test an investors ability to withstand risk but also benefit long term investors. The guys and...

One of our favourite guests, Chris Scheele from Forerunner Financial Coaching, returns to the show to talk with us about aligning your finances with your personal values. In this episode, Chris touches on what your budget reveals about your priorities, assigning purpose to your savings, and how no one can help you change unless you decide that YOU WANT to change. • Being a financial coach, Chris h...

Mindset. realestate. Wholesaling. Entrepreneurship. Today we had on Brendan Skilton-Douglas the man behind nofluffwholesaling.ca and ashtonfisher.ca  From tree climber to realestate wholesaler we had the pleasure to sit down with Brendan to talk about how mindset is so important to help you get out of debt, and understanding how a mindset shift can change your financial future. He started his...

Episode 46 Do you want to have someone else pay your mortgage for you? Of course you do, especially in today’s increasingly expensive housing environment. Jase and Sarah came on the podcast today to discuss how they have made this their reality, and how you can follow suit. In this episode, Jules, Tim, Jase and Sarah discuss what house hacking is, how they began their house hacking journey, and ho...

Happy 2022 everyone!  We love it when listeners reach out and want to come on the show!  Today we have the pleasure of chatting with Heather and Kurtis from Sherwood Park, AB.
 At the age of 30 (Kurtis) and 29 (Erinn) their net worth hit $100,000 and now only 4 years later they have reach a net worth of $350,000 and a mortgage that is almost paid off!  Kurtis works as a hydrovac ope...

Listen today as the three of us chat about the year, our own financial wins and losses and what we have learned throughout the year. It’s so fun to look back and see how far we have come individually. Tim has FINALLY gotten on the ETF bandwagon after a year of Will’s “encouragement”, and his continued renting experience saves him thousands a year. Jules has started her own Questrade account and ha...

Life insurance shouldn’t be one of those things you put off thinking about—because you (and the people who depend upon you) could need it at any time. But many do wonder if it’s worth the monthly premiums. What about you? How do you know if it’s necessary for you? And why do we need life insurance anyway? In today’s episode, we sit down with Spencer Bennet, a former life insurance agent who is now...

Habits of Millionaires. Mindset is everything.  Im sure you have heard people say this before.  Your mindset sets you up for either a great day or a bad day. 
 We came across this article in Business Insider and it talks about the mindsets and habits of millionaires. Back in episode 25 we discussed the traits we have noticed from our 6 figure millennials.  The things we discussed in...

Epsiode 41!, Today we spoke to Jordan from Moose Jaw, Saskatchewan! Jordan talked about how him and his wife have built up an impressive net worth at an early age in life. Jordan and his wife are living the FIRE lifestyle without even realizing what FIRE is! AMAZING. Jordan talked about how he wishes to give away the first 10k once they are mortgage free. Him and his wife are working hard to pay o...

Have you ever wondered about leverage financing? Or have you heard of the Smith Maneuver and curious about how it works? •
Today we sat down with Patrick, a doctor from the Okanagan area in BC who reached $100k by 27 years old WHILE STILL IN SCHOOL! Now he’s worth $570k at the age of 32. Patrick reached out to us, a listener of the podcast who wanted to share his story in hopes to bring value to a...

Dave Ramsey’s baby steps have been followed by thousands if not millions of people and have helped so many get their finances back on track.
 But do we at the Financial Classroom agree with all the steps?
 Today we take a deep dive into each baby step and discuss what we think is sound advice and what, if anything, we would change.
 We talk about the pros and cons of Ramsey's ideas and explain our...

1 YEAR! 12 WHOLE MONTHS! 365 DAYS! 🎊 🎉🎂 THANK YOU! THANK YOU THANK YOU!!! 1 year ago we started this podcast with the goals of starting conversations around personal finance and making it so that money is no longer “taboo” to talk about. Along the way, we have morphed from a team of two into a team of three, met people from all over the world 🌎, and learned A TON (including what the Australian...

Leo and Charlotte King  From $100k at 27 years old, 5 years later Leo and Charlotte now have a net worth of $700,000! 
 One of their biggest realizations 20 months ago was that financial independence is achievable for regular everyday people. 
  20 months ago, when their first son was born, they realized they didn’t want to live the 9-5 for the rest of their lives. They started reading b...

Taylor and her husband are 27 and 30 respectively and are chasing financial independence through real estate investments. Taylor is a construction estimator and her husband owns a landscaping company and also is a fire fighter. In just 3 years they have grown their net-worth from $100,000 to $500,000. Taylor sits down with us to chat about mindset, strategy, daily habits and her goals for the futu...

Epsiode 35! In this epsiode Tim, Jules and Will talked about the Fear of Investing why its hard to be confident in something you don’t understand. This is a common fear but don’t let that hold you back from starting! First, gain clarity. Come up with a plan. Where are you now? Where do you want to be? How much do you need to retire and when do you want to be financially independent? Take action Yo...

Saving for a House and Other Large Purchases Today Will, Tim and Jules sat down to chat about down payments and saving up for big purchases.  Where to start? How much do I need to start? What if I haven’t saved up a down payment yet? Jules explains some down payment hacks to get you into a house if you haven’t saved up yet. Using the tax rebate on your RRSP and a cash-back mortgage. Jules als...

RCMP - Everything You Need to Know About Your Pension Do you have a pension and have no idea what to do with it or what it all entails? We had the utmost privilege in sitting down with Miro Svoboda with Harbour Front Wealth to chat about public servant pensions. We zeroed in on the RCMP pension, but this information applies to employees with CRA, Federal Government, Border Service etc. that have t...

Today we are talking everything RESP. If you are Canadian and have kids in your life, you will want to listen in and take notes. Court is a self-taught RESP guru. Not only is she very knowledgeable regarding RESP’s, she is also FI (in other words - retired in her 30’s) and knows how to make money work for her. If you missed her previous guest appearance, it's episode 11. Here's the Cokes notes on...

Today we had the pleasure of chatting with Jenna who is a financial educator in the Edmonton area. She is passionate about educating others on the power of money, and getting on the right financial path.    Here is a breakdown of the podcast:  11:45 save 10%/month  12:40 - lifestyle inflation- get in the habit of doing it so as your income increases your savings do too.  1...

You ever wonder how to teach your kids the value of a dollar? Today we spoke with Tyson, father of 4 boys as he shared with us some of the tactics he and his wife use to teach their kids. Our conversation ranged from helping your kids associate the value of allowance with their chores, to developing budgeting and saving skills early on that will stay with them into adulthood. If you’re a parent or...

Episode 29  At 26 years old, Nathan and his wife Carolyn have paid off their mortgage and have a net worth of $325,000!  Nathan talks about growing up as a very lazy child, running from chores and work to later changing his mindset.  He started his own company early in life and reached $100k at the age of 22.   They are now on their way to reaching financial independence! ...