The Financial Classroom Canada – Détails, épisodes et analyse

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 -What is self-insurance? -Rising insurance costs

Hope you enjoy the episode!

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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.

Passiv Investment App: https://passiv.com

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

 

Passiv Investment App: ⁠https://passiv.com

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 that was discovered around the predatory practices of the payday loan industry proved to be eye-opening and a little bit disturbing. Some of the topics included in this episode include:

• The one and only positive upside that they can find about payday loans
• Protections in place to protect borrowers
• Criminal interest rates in Canada
• Interest rates and fees charged by payday loan companies
• Alternatives to payday loans
• A brief introduction to instalment loans

If you are a 6-Figure Millennial or want to come on as a guest, feel free to reach out to us at finacialclassroom@gmail.com or find us on Instagram or Facebook.

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 interviewed Will and his wife Jess on their financial journey! Will is the last host to not have shared his 6 figure journey yet, and it was a blast getting to know his story and how he got to where he is today financially.

They talked about:

- The mistakes they made in finance;

- How Jess went from having a maxed out credit card to now fully understanding her finances;

- Will's understanding of investing and how it was important to take advantage of compounding early in his life;

- Their net worth;

- What they plan to do 10-15 years down the road; 

- What strategies they have implemented to get to where they are today;

- Their financial mistakes;

- And much more! 

If you are a 6 figure millennial or someone who have is passionate about finance and wants to come on, feel free to reach out to us on email at financialclassroom@gmail.com or on facebook or instagram  

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 article, “10 Reasons Why We’re Dividend Growth Investors”. This article is an excellent read (link below), and it makes compelling arguments for the benefits of incorporating dividend growth stocks in your investment portfolio. Listen as we discuss:

-  Why Josh is passionate about dividend stocks

-  Characteristics of many dividend-yielding stocks

-  DRIP (dividend reinvestment plan)

-  Using dividend stocks to hedge against inflation

-  Tax advantages of dividend income

-  Tips on evaluating dividends stocks

-  Holding individual dividend growth stocks vs a high dividend yield ETF

To learn more from Josh, make sure to visit his blog and subscribe to his email list (sign up on his website).

Josh’s blog: https://www.moneymakinghabits.com

Josh’s article discussed in this episode: https://www.moneymakinghabits.com/dividends/1k2gqsqzombz0wnzg7y6azmyxfimtt

If you are a 6-Figure Millennial or want to come on as a guest, feel free to reach out to us at finacialclassroom@gmail.com or find us on Instagram or Facebook.

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 opportunity for someone out there to become real wealthy and we want listeners to be able to understand it and take advantage of it. Many people don’t understand what happens in a recessions and what causes a recession so tune in as we break it down. If you like this type of content make sure to leave us a review on Apple Podcast or any of our platforms and if you are a 6 figure Millennial and want to come on the show feel free to reach out to us at financialclassroom@gmail.com

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 money and keep spending under control during the holidays. Topics include:

-  When to shop sales and other cost-saving tips

-  Budgeting around the holidays

-  Managing social expectations

-  Tim’s distaste for gift exchanges

If you are a 6 Figure Millennial or wanting to come on as a guest, feel free to reach out to us at finacialclassroom@gmail.com or find us on Instagram or Facebook.

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 and how he started to learn about finances early on from his grandpa and shared a few lessons that was taught to him. He talked about how the book “The Wealthy Barber” gave him a new perspective on how he handled his finance and various ways he learned to manage personal finance. Eric opened up about the mistakes he’s made early on during his college years and how those mistakes helped shape who he is today. Check out the episode and learn why we do monthly spreadsheet parties today and how it has benefitted Eric!

If you are a 6 Figure Millennial or wanting to come on as a guest feel free to reach out to us at finacialclassroom@gmail.com  or find us on Instagram or Facebook.

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 should be part of a larger financial plan to the various components of an estate plan.

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Throughout our discussion, Mark navigated several complex questions, with simple, easy-to-understand explanations that will (hopefully) leave you feeling motivated and empowered to begin working on your own estate plan. Some of these questions include:

• Who should have a will?
• What is a power of attorney and an executor?
• Are DIY wills worth the savings?
• What taxes apply to your estate?
• What is probate?
• Is it worth it to try to minimize probate?
• What mistakes are people making with their estate planning?

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If you’re a 6-figure millennial or if you have a specific topic you would like to discuss on the podcast, we would love to talk to you! Reach out to us at financialclassroom@gmail.com or find us on FB/Instagram.

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 birth to when they become an adult? -  Making it through the baby stages on a budget -  The back-to-school marketing scam -  The new government child care funding -  Sports and activities -  The biggest (yet perhaps least expected) cost of having a child Also, if you want some in-depth information on the RESP, we HIGHLY recommend that you listen to Episode 32, where we have a special guest, Court, who comes on and talks about EVERYTHING to do with RESPs. You won’t want to miss that one either! • If you like the show, feel free to give us a review on apple podcast to help us reach more people. As well if you would like to come on the show feel free to reach out to us at financialclassroom@gmail.com or find us on IG @financialclassroom or FB Financial Classroom Canada.