The Canadian Money Roadmap – Details, episodes & analysis

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In this episode of the Canadian Money Roadmap podcast, host Evan Neufeld chats with Jason Yee, the dynamic co-founder and CEO of GrantMe. Jason shares invaluable insights on how Canadian families can navigate their way to a debt-free university education for their children. From understanding the difference between grants, bursaries, and scholarships to the strategic timing of applications, Jason covers it all. Whether you’re a parent looking to ease the financial burden of your child’s education or a student preparing for the future, this conversation is packed with actionable advice. Tune in to learn how proactive planning and smart financial decisions can make higher education affordable and attainable. Don't miss this opportunity to hear from an expert who's helped thousands of students successfully graduate debt-free. Enjoy the discussion!

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Join me as I revisit one of my most popular episodes ever on the Canadian Money Roadmap Podcast. In this special summer highlight, I delve into 'The Laws of Wealth' with Dr. Daniel Crosby. Dr. Crosby, a psychologist and behavioural finance expert, provides valuable insights into the psychology of money and how it shapes our financial decisions and behaviours. Whether you're a seasoned investor or just starting your financial journey, this episode is packed with actionable advice and fascinating discussions on becoming a better investor and managing risk. Tune in to learn from Dr. Crosby’s expertise and discover practical strategies to enhance your financial well-being. Don’t miss this chance to hear from one of the best in the field. Enjoy your summer and I'll see you with new episodes in September!

Retirement Readiness Scorecard 🇨🇦

Looking to retire in the next 10 years or less (age 45+)?

Get your money organized - Your Full Financial Picture Spreadsheet

Could the financial strategies that appear flawless on paper be leading us astray in the real world? We're peeling back the layers of investment principles to reveal why some inefficiencies might just be your portfolio's best friends. Taking a page from Morgan Housel's "Same as Ever: A Guide to What Never Changes," we delve into the unexpected virtues of financial buffers and the fallacy that cost always equates to value. Discover how the pandemic's strain on just-in-time manufacturing shines a light on the need for slack in our systems, and why the presence of an emergency fund during economic highs could save you during the lows. Plus, we discuss the underrated advantages of investment advisors, challenging the penny-pinching mindset to embrace quality that pays off in the long run.

Then, we shift gears to a provocative study that upends conventional retirement planning wisdom—should you stockpile equities all the way to your golden years? We dissect the enticing, yet nerve-wracking notion of an all-equity portfolio and confront the harsh truths about our own risk tolerances and financial aspirations. It's not just about the potential gains; it's the psychological rollercoaster and the necessity for a tailored asset mix that fits like a glove. As I advocate for a well-rounded investment strategy, consider this your invitation to explore how aligning your portfolio with your personal narrative could be the smartest financial move you make. Join us as we navigate through the complexities of balancing risk and reward, and crafting a financial future that doesn't just look good on paper, but feels right in your gut.

Retirement Readiness Scorecard 🇨🇦

Looking to retire in the next 10 years or less (age 45+)?

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EPISODE SUMMARY

This episode won't be able to make the decision for you, but today Evan and Jordan offer some food for thought when making the choice on whether to rent or buy.  Hopefully Evan and Jordan can help you be confident in your decision.

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TOPICS IN THIS EPISODE

1. Why this is a relevant discussion in 2022 
2. As house prices between more expensive, what are your options 
3. What factors should you consider for renting 
4. What factors should you consider for buying 
5. How do you compare the two options and make a decision 

RESOURCES MENTIONED

Your city’s typical rent cost 

Your city’s average home price


OTHER EPISODES

12. Buying a House Featuring Kindra Sowden 

44. How to Help Your Kids Buy a Home


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Retirement Readiness Scorecard 🇨🇦

Looking to retire in the next 10 years or less (age 45+)?

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EPISODE SUMMARY

If you're thinking about a short getaway or a longer trip to relieve your cabin fever, start planning right away.
 
 In this episode, Jordan and Evan discuss ways that your vacation can go from a dream to a financial nightmare.  The good news is that planning ahead with some of our tips will make sure that you can spend your vacation relaxing and having fun instead of worrying about your money.

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TOPICS IN THIS EPISODE

1. Memorable vacations 
2. Planning for a vacation - things to consider 
3. Typical costs you might incur on a vacation 
4. Currency considerations
5. Budget planning spreadsheet for your download 

RESOURCES MENTIONED

Evan Neufeld Downloads - Vacation Planner Spreadsheet


OTHER EPISODES

2. Credit Cards - Pros, Cons and Strategies 

5. Budgeting for People Who Hate Budgeting 

11. Money & Marriage - From the Sask Wedding Podcast w/ Matt Ramage


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Retirement Readiness Scorecard 🇨🇦

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EPISODE SUMMARY

On this episode we welcome back Luke Hergott, Senior Manager of tax services at EY.  Luke brings a wealth of knowledge regarding tax so I would encourage you to listen to this episode prior to filing your return for this year.

Build your financial plan with Evan


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TOPICS IN THIS EPISODE

1. Opportunities for tax planning as an employee vs business owner 
2. Defining deductions and credits 
3. Refundable vs non-refundable credits 
4. Understanding the deductions and credits that are available for you to access

RESOURCES MENTIONED

EY Tax Calculator and Rates


OTHER EPISODES

7. Tax Basics and “The Next Bracket” Myth 

14. How to File Your Taxes in 2021 Featuring Luke Hergott, CPA


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Retirement Readiness Scorecard 🇨🇦

Looking to retire in the next 10 years or less (age 45+)?

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EPISODE SUMMARY

This episode deviates from the usual cadence but is timely given the conflict emerging today between Russia and Ukraine.  Evan walks through some thoughts that he shared in an email update to his clients. 

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TOPICS IN THIS EPISODE

1. Living, and specifically investing, in “uncertain” times 
2. How the stock market has historically reacted to wars 
3. Typical mistakes to avoid during corrections and crashes 
4. Staying informed of world events, but with context
5. How you can think of the conflict in light of your investment portfolio and retirement savings

OTHER EPISODES

37. Dips, Corrections and Crashes

45. Why You Should Care About Rising Interest Rates 

47. Guide to Recessions and Bear Markets


If you enjoy listening to the podcast, please leave a 5 star review on Apple Podcasts

Retirement Readiness Scorecard 🇨🇦

Looking to retire in the next 10 years or less (age 45+)?

Get your money organized - Your Full Financial Picture Spreadsheet

EPISODE SUMMARY

Inflation is the story of the day so in this episode, Jordan Arndt and Evan discuss some possible reasons why inflation is so bad right now and what we can do about it.

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TOPICS IN THIS EPISODE

1. Inflation - how does it happen
2. Slowing down inflation 
3. Central banks and monetary policy 
4. What can we actually do about it as investors and citizens  

OTHER EPISODES

27. Will you Have any Guaranteed Sources of Income in Retirement 

45. Why you Should Care About Rising Interest Rates


If you enjoy listening to the podcast, please leave a 5 star review on Apple Podcasts

Retirement Readiness Scorecard 🇨🇦

Looking to retire in the next 10 years or less (age 45+)?

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EPISODE SUMMARY

Is it possible to have a perfect RRSP strategy?  Well it depends.... In this episode, I'm joined by my colleague, Jordan Arndt, and we discuss the situations where an RRSP can provide the most value to you as a long-term investor.

Build your financial plan with Evan


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TOPICS IN THIS EPISODE

1. RRSP contribution deadline 
2. RRSP definition and details 
3. Options with your RRSP refund 
4. Determining whether the perfect RRSP strategy exists 

RESOURCES MENTIONED

Government of Canada - RRSP Information

EY Tax Calculator and Rates


OTHER EPISODES

13. Is an RRSP the Best Choice for your Retirement Savings

25. Reduce Taxes with a Spousal RRSP 

29. RRSP, LIRA, TFSA…Where do you Withdraw From First?


If you enjoy listening to the podcast, please leave a 5 star review on Apple Podcasts

Retirement Readiness Scorecard 🇨🇦

Looking to retire in the next 10 years or less (age 45+)?

Get your money organized - Your Full Financial Picture Spreadsheet

EPISODE SUMMARY

In this episode, Evan discusses what might be going on in the market when you see headlines mentioning dips, corrections, crashes, or bear markets.  Declines in the market happen more frequently than you’d probably think, so Evan provides tips to successfully navigate declining stock markets.

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TOPICS IN THIS EPISODE

1. Defining dips, corrections, crashes, and bear markets 
2. Clarifying how often these events occur and how they likely happen more often than you realize
3. Tips to survive these types of market conditions 
4. Know that you aren’t alone during these types of market events!

RESOURCES MENTIONED

Recessions and Bear Markets - Investor Guide


OTHER EPISODES

45. Why You Should Care About Rising Interest Rates 

47. Guide to Recessions and Bear Markets


If you enjoy listening to the podcast, please leave a 5 star review on Apple Podcasts

Retirement Readiness Scorecard 🇨🇦

Looking to retire in the next 10 years or less (age 45+)?

Get your money organized - Your Full Financial Picture Spreadsheet