Shows
The Canadian Money RoadmapA new way to gamble your retirement savings awaySend us Fan MailOn this episode of the Canadian Money Roadmap, Evan and Sam break down what prediction markets are and why Canadians should be cautious now that platforms like Wealthsimple are beginning to offer them.📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending, saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommendations on how to improve your finances.🌳 Connect with Evan and Cedar Point Wealth | Services and Pricing
2026-04-2931 minThe Canadian Money RoadmapNavigating the Retirement Red Zone: A Guide for Canadians Approaching RetirementSend us Fan MailOn this episode, Evan and Sam walk Canadians through the critical financial and lifestyle decisions to make in the 5–10 years before retirement — covering savings milestones, debt payoff, retirement lifestyle planning, asset allocation, and retirement withdrawal strategies.📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending, saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommendations on how to improve your finances.🌳 Connect with Evan and Cedar Point Wealth | Services and Pricing
2026-04-2234 minThe Canadian Money RoadmapHow much do Canadians need to save for retirement? The Wealthy Barber vs The Rule of 30Send us Fan MailIn this episode of the Canadian Money Roadmap, Evan and Sam consider how much Canadians need to save for retirement based upon the recommendations in two Canadian finance books The Wealthy Barber and The Rule of 30. They also discuss other insights from both books. 📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending, saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommendations on how to improve your finances.🌳 Connect with Evan and Cedar Point Wealth | Services and Pricing
2026-04-1539 minThe Canadian Money RoadmapAre Canadians holding too much cash?Send us Fan MailOn this episode of the Canadian Money Roadmap, Evan and Sam discuss the implications of Canadians holding more cash. The episode distinguishes between emergency funds, planned spending, and a "sleep at night" buffer, while warning against using cash as a market-timing tool.📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending, saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommendations on how to improve your finances.🌳 Connect with Evan and Cedar Point Wealth | Services and Pricing
2026-04-0834 minThe Canadian Money RoadmapHow to Retire in Canada with $500,000 and no PensionSend us Fan MailOn this episode, Evan and Sam consider the practicality of retiring in Canada without pension through a case study of Tracy and Derek, who have saved $500,000 at age 50. 📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending, saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommendations on how to improve your finances.🌳 Connect with Evan and Cedar Point Wealth | Services and Pricing
2026-04-0130 minThe Canadian Money RoadmapHow to accelerate your savings during tax season in CanadaSend us Fan MailOn this week's episode, Evan and Sam discuss key reasons to file your taxes, the relationship between taxes and financial planning, and discuss ways to use your tax refund to optimize saving. 📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending, saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommendations on how to improve your finances.🌳 Connect with Evan and Cedar Point Wealth | Services and Pricing
2026-03-2527 minThe Canadian Money RoadmapHow to Balance Family Spending and Retirement in Canada (3 Life Stages)Send us Fan MailOn this episode of the Canadian Money Roadmap, Evan and Sam discuss how to balance family spending and retirement savings across three life stages — early parenthood, supporting older kids, and legacy/retirement planning. 📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending, saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommendations on how to improve your finances.🌳 Connect with Evan and Cedar Point Wealth | Services and Pricing
2026-03-1827 minThe Canadian Money RoadmapCan You Retire With $1.7M? Fees, Retirement Income, and Listener QuestionsSend us Fan MailOn this episode of the Canadian Money Roadmap, Sam puts Evan in the hot seat and asks questions about market volatility, investment fees, retirement savings, and more. 📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending, saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommendations on how to improve your finances.🌳 Connect with Evan and Cedar Point Wealth | Services and Pricing
2026-03-1133 minThe Canadian Money RoadmapMarkets were down this week - Now what?Send us Fan MailIn this episode, Evan discusses the value of staying invested during periods of market volatility, specifically the market decline triggered by fighting in the Middle East, explaining that diversified portfolios are still positive year-to-date and why panic-selling during downturns is a costly mistake.📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending, saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommendations on how to improve your finances.🌳 Connect with Evan and Cedar Point Wealth | Services and Pricing
2026-03-0614 minThe Canadian Money RoadmapHow to Build a Better Investment Portfolio (Evidence-Based Investing)Send us Fan MailOn this episode, Evan and Sam discuss why building a "better" investment portfolio requires looking beyond past performance to factors like diversification, fees, and turnover—challenging the oversimplified belief that higher returns automatically mean a better portfolio.📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending, saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommendations on how to improve your finances.🌳 Connect with Evan and Cedar Point Wealth | Services and Pricing
2026-03-0428 minThe Canadian Money RoadmapIs There an AI Bubble in the Stock Market?Send us Fan MailIn this episode, Evan and Sam explore whether historical patterns and current market data suggest there is an AI Bubble.📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending, saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommendations on how to improve your finances.🌳 Connect with Evan and Cedar Point Wealth | Services and Pricing
2026-02-2526 minThe Canadian Money RoadmapInvesting Basics Part 5 - Government Pensions and BenefitsSend us Fan MailIn this episode, Evan explains how Canadian government retirement programs (CPP, OAS, and GIS) work, emphasizing their value in retirement planning.📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending, saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommendations on how to improve your finances.🌳 Connect with Evan and Cedar Point Wealth | Services and Pricing
2026-02-1819 minThe Canadian Money RoadmapShould you take an RRSP loan?Send us Fan MailIn this episode, Evan examines the pros and cons of RRSP loans—borrowing money to contribute to your retirement savings. He notes while RRSP loans offer tax deductions and lower interest rates, most people would be better off avoiding them due to the costs, risks, and limited flexibility of leveraged investing.📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending, saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommendations on how to improve your finances.🌳 Connect with Evan and Cedar Point Wealth | S...
2026-02-1310 minThe Canadian Money RoadmapRRIF, LIF, and Retirement Income Accounts Explained (Canada) - Investing basics part 4Send us Fan MailIn this episode, Evan explains how Canadian retirement income accounts—RRIFs, LIFs, and PRIFs—work, covering how to convert accumulation accounts into income-producing accounts, the minimum and maximum withdrawal rules, tax implications, and province-specific regulations for managing retirement savings.📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending, saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommendations on how to improve your finances.🌳 Connect with Evan and Cedar Point Wealth | Services and Pricing
2026-02-1117 minThe Canadian Money RoadmapInvesting Basics Part 3 - Investment AccountsSend us Fan MailOn this episode, Evan describes the key accumulation accounts available to Canadian and their potential uses for investors.📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending, saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommendations on how to improve your finances.🌳 Connect with Evan and Cedar Point Wealth | Services and Pricing
2026-02-0427 minThe Canadian Money RoadmapGold Rush: Why the Hype, and Should you Invest?Send us Fan MailIn this episode, Evan and Sam discuss gold's historical performance as a hedge against market downturns, inflation, and economic crises, ultimately concluding that while gold has surged recently, the evidence doesn't support it as a reliable hedge in times of economic uncertainty. The episode concludes with a discussion of ways to get exposure to gold's upside through diversified evidenced-based investing.📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending, saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommendations on how to improve your fina...
2026-01-3027 minThe Canadian Money RoadmapInvesting Basics Part 2 - Mutual Funds and ETFsSend us Fan MailOn this episode, Evan examines mutual funds and ETFs. He notes both mutual funds and ETFs can be useful investment containers for building diversified portfolios, challenges the idea that one is inherently better than the other, while clarifying that the real differences lie in their transaction mechanics rather than their investment strategies or tax efficiency.📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending, saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommendations on how to improve your finances.🌳 Connect with Evan an...
2026-01-2821 minThe Canadian Money RoadmapInvesting Basics Part 1 - Stocks and BondsSend us Fan MailOn this episode of the Canadian Money Roadmap, Evan describes what stocks and bonds are, why they're essential building blocks of a retirement portfolio, and how diversification and long-term holding periods reduce risk and increase the likelihood of positive returns.📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending, saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommendations on how to improve your finances.🌳 Connect with Evan and Cedar Point Wealth | Services and Pricing
2026-01-2123 minThe Canadian Money RoadmapNew Year, Same Money Mistakes? Avoid These Wealth Killers in 2026Send us Fan MailIn this episode, Evan highlights three common financial mistakes to avoid in the new year while sharing practical tips to help you get ahead and retire confidently.📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending, saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommendations on how to improve your finances.🌳 Connect with Evan and Cedar Point Wealth | Services and Pricing
2026-01-0715 minThe Canadian Money RoadmapPersonal, business & podcast year in reviewSend us Fan MailIn this year-end episode, Evan pulls back the curtain on his personal finances, the launch of Cedar Point Wealth, and the growth of The Canadian Money Roadmap, sharing real numbers, lessons learned, and what’s ahead for 2026.📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending, saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommendations on how to improve your finances.🌳 Connect with Evan and Cedar Point Wealth | Services and Pricing
2025-12-2422 minThe Canadian Money RoadmapYear end financial checklist (2025)Send us Fan MailEvan shares his annual checklist of key financial tasks to consider before the year ends. Topics include maximizing your First Home Savings Account (FHSA), TFSA withdrawal timing, spousal RRSP strategies, charitable giving, capital gains/losses, mutual fund distributions, workplace benefits, and tips for staying organized. Evan also highlights useful resources to help you get your finances in order for the new year.📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending, saving & investing, debt & risk protection, and retirement readiness. Instant feed...
2025-12-1017 minThe Canadian Money RoadmapDon’t Get Ripped Off: Understanding Canadian Investment FeesSend us Fan MailMost Canadians have no idea what they’re actually paying to invest — and many are overpaying by a lot.In this episode, Evan breaks down how investment fees really work in Canada, what’s reasonable, what’s not, and how to tell if you’re paying for advice you aren’t actually getting. You’ll learn how to read MERs, Fund Facts, and trailing commissions so you can spot red flags and avoid getting ripped off.📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spendi...
2025-11-2630 minThe Canadian Money RoadmapYour Questions Answered | Evaluating ETFs & Withdrawal OrderSend us Fan MailIn this Q&A episode of the Canadian Money Roadmap Podcast, Evan answers two listener questions:How do TD ETFs compare to other providers like Vanguard and BlackRock? Evan breaks down the differences, explains why TD funds may get less attention, and shares what to look for when evaluating ETFs for your portfolio.What’s the best order to withdraw funds in retirement? Evan discusses the factors that influence withdrawal strategies, including account types, tax implications, and personal goals📝Financial Foundations Scorecard - See how you score in the areas of cashf...
2025-11-1920 minThe Canadian Money RoadmapYour investing strategy is late to the partySend us Fan MailIn this episode of the Canadian Money Roadmap, we explore why chasing last year’s top-performing stocks or sectors can leave your investment strategy “late to the party.” Evan breaks down the pitfalls of following market hype—like AI, tech chips, utilities, and even nuclear power—and explains how much of the expected growth is already priced in by the time most investors notice.Learn why diversification, humility, and keeping costs low are the real keys to long-term investing success. Plus, hear research on why only a tiny fraction of stocks drive most...
2025-10-2216 minThe Canadian Money RoadmapExpectations, Upsets, and Investing: Lessons from Baseball and the MarketSend us Fan MailIn this episode of the Canadian Money Roadmap Podcast, Evan records from his mobile studio (aka his truck) and reflects on the parallels between the Toronto Blue Jays’ unexpected playoff run and the world of investing. He discusses how both sports and markets can defy expectations, the importance of managing your emotions during winning streaks, and why it’s crucial to remember that “this too shall pass”—whether times are good or bad. Evan also touches on the value of risk management, the role of cash in your portfolio, and why speculative assets like Bitco...
2025-10-1613 minThe Canadian Money RoadmapTips for smart spendingSend us Fan MailIn this episode of the Canadian Money Roadmap Podcast, Evan Neufeld shares practical strategies for making smarter spending decisions during Amazon Prime Day and other major sales events. Learn how to spot real deals, avoid marketing tricks, and use tools like CamelCamelCamel to check price histories. Evan also discusses the value of spending money on meaningful experiences rather than just accumulating more stuff, and introduces a simple rule of thumb for deciding when to make a purchase. Tune in for actionable tips to help you get the most value from your money—on Pr...
2025-10-0815 minThe Canadian Money RoadmapUnpacking The $660,000 Tax NightmareSend us Fan MailIn this episode, Evan discusses a recent news story about a family facing a $660,000 tax bill after both parents passed away in the same year. He explains the tax rules around RRSPs, capital gains, and estate planning in Canada, and clarifies common misconceptions presented in the media. The episode covers the importance of understanding tax implications, planning ahead, and communicating with family about estate matters. Evan also shares practical advice on strategies like life insurance and early RRSP withdrawals.📝Financial Foundations Scorecard - See how you score in th...
2025-10-0124 minThe Canadian Money RoadmapFive reasons your investment advisor isn't up to the jobSend us Fan MailIn this episode of the Canadian Money Roadmap Podcast, Evan introduces a new segment called 'Hot Takes On Hot Days,' where he critiques an article from BNN Bloomberg titled 'Five Warning Signs Your Investment Advisor is Not Up to the Job.' Evan discusses the misunderstandings and incomplete information commonly found in such articles, covering topics like portfolio performance, fees, advisor communication, and tax considerations. He emphasizes the importance of understanding risk-reward relationships, the various structures of mutual funds and ETFs, and the necessity of having an advisor who comprehends the nuances...
2025-07-3020 minThe Canadian Money RoadmapEstate Planning Essentials with Aaron HectorSend us Fan MailIn this episode, Evan is joined by Aaron Hector to walk through the basics of estate planning. They cover what a will does, the role of an executor, and the importance of powers of attorney and health care directives. They also talk about probate, taxes at death, and why it’s important to keep your estate plan up to date.Aaron Hector is a senior wealth advisor, and founding partner of Calgary-based TIER Wealth, which is a partner of Q Wealth Partners. He is also the President of the Institute of Ad...
2025-07-2345 minThe Canadian Money RoadmapIt’s Not Too Early: Planning Now for a Stress-Free HolidaySend us Fan MailIn this episode, Evan provides timely financial advice on planning ahead for the upcoming Christmas and holiday season, even in the middle of summer. He suggests setting up a budget and a dedicated holiday savings account to avoid financial stress in January. Additionally, he discusses thorough vacation budgeting, sharing his own experience of how careful planning revealed a significant increase in expected costs. Evan offers practical tips, including using a vacation planner spreadsheet with currency conversion to ensure a smooth and enjoyable trip without unexpected expenses.📝Financial Foundations Scorecard - See how...
2025-07-1707 minThe Canadian Money RoadmapThe bank is ruining their chances at retirement!Send us Fan MailIn this episode of the Canadian Money Roadmap, Evan Neufeld discusses a real-life case study of a couple, Cal and Steph (**not their real names...), who were frustrated with the advice they were getting from the bank. He identifies three main issues: poor use of RRSPs, overly conservative asset allocation, and high investment fees. Evan explains how simple adjustments in these areas can significantly improve retirement outcomes📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending, saving & investing, debt & risk protection, and r...
2025-07-0917 minThe Canadian Money RoadmapHow to build a $500,000 portfolioSend us Fan MailEvan marks 500,000 podcast downloads and shows how the same four habits that grew The Canadian Money Roadmap can grow a half‑million‑dollar investment portfolio:Stay consistent (not necessarily perfect)Lay a solid plan before you startAutomate the boring stuffKnow when to outsourceHear real‑life client stories, quick wins you can steal today, and why the right metrics matter more than having a big pile of cash. If you want a clear, doable path to your first $500k (and beyond), this ep...
2025-06-1119 minThe Canadian Money RoadmapWhat's next for Evan and this podcastSend us Fan MailBuild your Retirement Plan With EvanThis episode is an update on where I've been and where I'm going next. I'll see you very soon with new episodes!Everything But Money - Live event with Jessica Moorhouse in Saskatoon📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending, saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommendations on how to improve your finances.🌳 Connect with Evan and Cedar Point Wealth | Services and Pricing
2025-03-2806 minThe Canadian Money RoadmapHow to not run out of money in retirementSend us Fan MailIn this episode of the Canadian Money Roadmap Podcast, Evan Neufeld discusses seven strategies to manage investment risk in your portfolio as you prepare for retirement. Topics include diversification, rules-based implementation, adding bonds, holding cash, annuities, deferring CPP, and using put options. These methods aim to help you retire with confidence while reducing the volatility and uncertainty of your investments. Remember to consult with a financial professional before making any changes to your portfolio.00:00 Introduction: Politics and Your Portfolio00:23 Seven Ways to Manage Investment Risk
2025-01-2915 minThe Canadian Money RoadmapYour retirement income just changed. Here's whySend us Fan MailIn this episode, Evan Neufeld delves into how retirement income can fluctuate for Canadian retirees in 2025. Learn about the implications of converting RRSPs to RRIFs, including changes in minimum withdrawal amounts, portfolio balance changes, and withholding tax. Evan also explains the complexities of LIFs, inflation adjustments for CPP and OAS benefits, and offers practical advice to plan for these changes in your retirement income.📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending, saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommendations on how...
2025-01-0814 minThe Canadian Money RoadmapIncome tax is changing in 2025. Here's what's new and what isn't...Send us Fan MailBook an intro call with Evan Neufeld, CFP®Watch this episode on YouTubeCredit for the idea for this video goes to Aaron Hector from CWB Wealth. You can find more of his insights on X and LinkedIn: https://x.com/AaronHectorCFP https://www.linkedin.com/in/aaronhector/In this video, we discuss the recent changes announced by the Canadian government to income tax brackets and various benefits for 2025. These changes include a 2.7% increase to match inflation. While many benefits will see an incr...
2024-12-2312 minThe Canadian Money RoadmapFinancial Checklist To Set You Up For 2025Send us Fan MailWatch this episode on YouTubeAs the year draws to a close, Evan shares nine powerful strategies to enhance your financial health, decrease your tax liabilities, and set yourself up for future success. Whether you're retired, working, or just starting your financial journey, this episode offers valuable insights including a new update relevant for 2024. Topics covered include opening a first home savings account (FHSA), tax loss/gain harvesting, timing TFSA redemptions, charitable giving, RRSP and RESP contributions, RRIF conversions, and the benefits of a registered disability savings plan (RDSP). Tune in t...
2024-11-2721 minThe Canadian Money Roadmap7 Tips for a Fulfilling and Purposeful RetirementSend us Fan MailWatch this episode on YouTubeIn this episode of the Canadian Money Roadmap Podcast, we explore seven actionable ideas to ensure a fun, fulfilling, and purposeful retirement. Moving beyond the financial aspects of retirement planning, Evan delves into the importance of creating structure, lifelong learning, building intentional relationships, focusing on health and wellness, giving back through service, engaging in creative pursuits, and thinking about your legacy. Through real-life examples and practical advice, this episode is designed to help you plan for a rewarding retirement experience.00:00 Introduction: Purposeful Retirement00:30...
2024-11-0624 minThe Canadian Money RoadmapRetire on AutopilotSend us Fan MailWatch this episode on YouTubeIn this episode, Evan outlines three key decisions to set up your retirement on autopilot: asset allocation, choosing the right plan type like RRSP or TFSA, and deciding how much to regularly invest. Learn how to simplify your retirement investing strategy with clear, actionable steps.📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending, saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommendations on how to improve your finances.🌳 Connect with Evan and Cedar Point W...
2024-10-2326 min
The Canadian Money RoadmapHow to calculate your retirement numberSend us Fan MailIn this episode of the Canadian Money Roadmap Podcast, Evan discusses the limitations of the '25x your expenses' rule for retirement savings. He delves into real-world considerations and personalized financial planning to realistically determine one's retirement number. Covered topics include tax implications, government benefits, retirement spending needs, and investment strategies, illustrating how these components can drastically alter retirement savings goals. The episode aims to inform listeners about personal finance beyond general guidelines, emphasizing the significance of tailored financial planning.00:00 Introduction to Calculating Your Retirement Number00:31 Welcome and B...
2024-10-0925 minThe Canadian Money RoadmapBuilding Your Dream Retirement: Setting Targets and GoalsSend us Fan MailIn this episode of the Canadian Money Roadmap Podcast, join Evan as he discusses how to build your dream retirement on your terms. Learn about setting spending and time targets, the importance of early planning, and practical savings milestones you should aim for at different ages. Whether you're aiming for financial freedom, work optional, or traditional retirement, this episode is packed with valuable insights to help you plan effectively. Tune in to discover how to align your retirement goals with your current lifestyle and income, and ensure you retire confidently. Don't forget to...
2024-09-1821 minThe Canadian Money RoadmapDon’t even THINK about retirement before doing these 5 thingsSend us Fan MailInvest With EvanWatch this episode on YouTubeIn today's episode of the Canadian Money Roadmap Podcast, we continue our Retirement Roadmap Series by focusing on the foundational elements necessary for a secure retirement. We discuss essential steps like ensuring consistent cash flow, getting disability and life insurance, setting up a will, and eliminating high-interest debt. We also feature a real-world analogy of the Millennium Tower in San Francisco to underline the importance of a strong foundation. Join us as we outline how to set the groundwork for a...
2024-09-1129 minThe Canadian Money RoadmapYour kids can graduate university debt-free | Feat. Jason Yee, CEO of GrantMeSend us Fan MailWatch this episode on YouTubeIn 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 conv...
2024-08-2845 minThe Canadian Money RoadmapMy career path as an independent CFP® ProfessionalSend us Fan MailIn this episode of the Canadian Money Roadmap Podcast, host Evan Neufeld shares his personal journey to becoming a certified financial planner at an independent investment firm in Canada. Evan discusses his educational background, early entrepreneurial ventures, and the pivotal moments that led him to his current role. He elaborates on his experience transitioning his firm's dealer to Sterling Mutuals and explains what it means to work at an independent firm. Evan also shares insights into his business practices and his plans for the podcast and his YouTube channel over the summer.
2024-06-1228 min
The Canadian Money RoadmapRetirement Reality Check: Know Your Income NeedsSend us Fan MailIn today's episode, we're tackling one of the biggest challenges pre-retirees face: accurately calculating their retirement income needs. Many people underestimate their expenses, leading to potential shortfalls in their retirement planning.Join host Evan Neufeld as he breaks down the essential expenses you'll need to consider, including those that will remain, those that will disappear, and new ones that might arise. Evan provides practical tips and a free downloadable spreadsheet to help you categorize and estimate your spending, ensuring you have a clear roadmap to a secure retirement.đź“ťFinancial Fou...
2024-06-0513 minThe Canadian Money RoadmapAsk Evan: Your Financial Questions on Taxes, Investing, and RetirementSend us Fan MailIn this episode of the Canadian Money Roadmap Podcast, Evan Neufeld addresses a wide range of listener questions. Topics covered include understanding capital gains on property sales, taxation of CPP payments, investment strategies for different time horizons, setting up custodial accounts for children, and managing pensions from previous employers. Evan offers practical financial advice, discusses the importance of timeline-specific investment risk, and highlights the value of working with a financial advisor. 00:00 Welcome to the Canadian Money Roadmap Podcast01:49 Capital Gains: Understanding Taxes on Property Sales05:12 Decoding CPP Ta...
2024-05-2924 minThe Canadian Money RoadmapCan you retire at 55 with $500,000 in Canada?Send us Fan MailCan You Retire at 55 in Canada with $500,000? Watch this episode on YouTubeIn this special Tuesday edition of the Canadian Money Roadmap Podcast, host Evan Neufeld shares the audio from his recent YouTube video discussing the feasibility of retiring with $500,000 in savings for a 55-year-old couple. He explores various factors such as spending needs, savings strategies, and the impact of deferring Canada Pension Plan (CPP) benefits to age 70. Using retirement planning software and Monte Carlo analysis, Evan evaluates the couple's retirement projections, highlights shortfalls, and suggests changes to create...
2024-05-2814 minThe Canadian Money RoadmapThe Secret Ingredients of Stock Market SuccessSend us Fan Mail**I usually keep my episode descriptions pretty minimal but this AI generated description was too flavourful to keep to myself. Enjoy.**Ever find yourself marveling at grandma's mouthwatering dishes, only to discover her "secret ingredient" was something quite unexpected? That's the essence of my snowy Saskatchewan weekend revelation: the culinary magic of MSG is akin to the world of factor investing—both can enhance the outcome in surprisingly simple ways. Hitch a ride with me, Evan Neufeld, as we stew over how a pinch of systematic factor investing can potentially spice up...
2024-03-0611 minThe Canadian Money RoadmapUsing Factors to Invest SmarterSend us Fan MailYou've likely heard of active and passive investing but factor investing is somewhere in the middle. Sometimes called "smart beta", the idea behind factor investing is isolating the specific characteristics of an investment that can lead to outperformance, lower volatility or specific outcomes compared to the market as a whole. Build your financial plan with EvanOTHER EPISODESDividend Investing📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending, saving & investing, debt & risk protection, and retirement readiness. Insta...
2022-10-1922 minThe Canadian Money RoadmapHow to reduce points of failure in your portfolioSend us Fan MailThere are a number of ways that an investor can get in their own way and fail to reach their goals. Today, we discuss how to reduce these single points of failure to increase your chance of investment success.Build your financial plan with EvanTOPICS IN THIS EPISODE1. Too much in any one country, sector or individual holding2. Not enough upside potential3. Speculation4. Insurance5. Spending habits📝Financial Foundations Scorecard - See...
2022-09-0726 minThe Canadian Money RoadmapInvesting for Good: Understanding ESG InvestingSend us Fan MailMore people are making a point of being intentional with how their money is invested. Focusing on environmental, social and governance (ESG) factors is one way that you can align your values with your investment strategy. In this episode we discuss all things ESG including some concerns and whether we think ESG is just another gimmick.Build your financial plan with EvanTOPICS IN THIS EPISODE1. What is ESG?2. Benefits of an ESG investing strategy3. Issues with ESG an...
2022-08-2420 minThe Canadian Money RoadmapDividend InvestingSend us Fan MailEPISODE SUMMARYIn this episode, Evan and Jordan discuss dividend investing and some key items to keep in mind if this is a strategy you're wanting to consider.Build your financial plan with EvanTOPICS IN THIS EPISODE- What are dividends?- What types of companies typically pay dividends?- Key dates to keep in mind- Are dividends truly passive income?- Yield traps and understanding the risks of dividend investing.
2022-08-1021 minThe Canadian Money RoadmapWhat happens to your pension when you leave your job?Send us Fan MailEPISODE SUMMARYWhether you find a new job, retire or are laid off, if you have a pension or savings plan at work, you'll have to make some decisions about what to do with it.You have to know what type of plan you have, what options are available for that plan and then what makes sense for you based on your financial goals and timeline.Build your financial plan with EvanOTHER EPISODESThe Perfect RRSP Strategy
2022-07-2727 minThe Canadian Money RoadmapLeverage: Should you borrow money to invest?Send us Fan MailEPISODE SUMMARYMore and more people are borrowing money to invest in stocks, crypto and real estate. Should you be using leverage to do the same?Build your financial plan with Evanâś… DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODE- What is leverage?- How you might be using leverage already- Why is this relevant today?- The risk and opportunity with leverage- Practical considerations before you borrow to invest
2022-07-1324 minThe Canadian Money RoadmapThe Man In The ArenaSend us Fan MailAfter two years, I think it is time to say hello and tell my story of why I started this podcast.  I've always been inspired by Teddy Roosevelt's speech about the value of being the "man in the arena" which highlights the risk takers over the critics and the people who try to create something of value despite imperfection. So starting this podcast was my version of sticking my neck out to try to bring value to people despite being a young financial planner and having no experience in audio or co...
2022-06-2912 minThe Canadian Money RoadmapJust Keep Buying by Nick Maggulli: Review, Thoughts and Key TakeawaysSend us Fan MailEPISODE SUMMARYIn our first book review on the podcast, Jordan and Evan provide their thoughts and key takeaways from Nick Maggulli's book, Just Keep Buying.Build your financial plan with Evanâś… DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEWhat did we like about the book?When is saving more important that the specifics of your investments?How to spend without feeling guiltyHow much to investHow much of...
2022-06-1524 minThe Canadian Money RoadmapGuide to Recessions and Bear MarketsSend us Fan MailEPISODE SUMMARYYou've likely seen headlines or articles talking about recessions or bear markets. While these things might make you nervous, I have you covered to make sure you can continue to invest smarter, reduce taxes and retire with confidence. Download the FREE PDF guide here:Guide to Recessions and Bear Markets Build your financial plan with EvanTOPICS IN THIS EPISODE3:32 - What is a recession?6:54 - What is a bear market?8:53 - A...
2022-06-0132 minThe Canadian Money RoadmapTax-saving strategies for making the most of your charitable giftsSend us Fan MailEPISODE SUMMARYJordan Arndt takes the lead in this episode to discuss some unique ways that you can give to charity to maximize your tax savings and maximize your charitable gifts. If you have questions for Jordan, please feel free to email him at Jordan@ennsbaxter.comBuild your financial plan with Evan✅ DOWNLOAD MY FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODE1.  Donating stocks, mutual funds or ETFs2. Donor-advised funds and why they could...
2022-05-1831 minThe Canadian Money RoadmapWhy you should care about rising interest ratesSend us Fan MailEPISODE SUMMARYInterest rates are going up and in this episode, Jordan Arndt and Evan discuss what that means for you and why you should care.Build your financial plan with Evan✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODESetting the stage - interest rates are rising What happens when interest rates rise How does that affect you How does that impact your investment portfolio Should you care about rising rates? RESOURCES MENTIONED
2022-05-0423 minThe Canadian Money RoadmapHow to help your kids buy a homeSend us Fan MailEPISODE SUMMARYIn this episode, Evan talks about the things you would want to consider before helping your kids with a downpayment to buy a home.✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEWhy this is a relevant discussion in 2022 The oxygen mask principle From the parent perspective, could you help your kids? Should you help your kids? How do you help your kids OTHER EPISODES12. Buying a House Featuring Kindra Sowden 43. Sh...
2022-04-2018 minThe Canadian Money RoadmapShould you rent or buy a home?Send us Fan MailEPISODE SUMMARYThis 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. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEWhy this is a relevant discussion in 2022 As house prices between more expensive, what are your options What factors should you consider for renting What factors should you co...
2022-04-0622 minThe Canadian Money RoadmapStart planning for your next vacationSend us Fan MailEPISODE SUMMARYIf 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.✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISO...
2022-03-2318 minThe Canadian Money RoadmapReduce your taxes with deductions and creditsSend us Fan MailEPISODE SUMMARYOn 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✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEOpportunities for tax planning as an employee vs business owner Defining deductions and credits Refundable vs non-refundable credits Understanding the deduct...
2022-03-0939 minThe Canadian Money RoadmapHow will the Russia-Ukraine conflict affect your strategy?Send us Fan MailEPISODE SUMMARYThis 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. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODELiving, and specifically investing, in “uncertain” times How the stock market has historically reacted to wars Typical mistakes to avoid during corrections and crashes Staying informed of world events, but with contextHow you can think of the conflic...
2022-02-2408 minThe Canadian Money RoadmapWhy do prices keep going up?Send us Fan MailEPISODE SUMMARYInflation 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.✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEInflation - how does it happenSlowing down inflation Central banks and monetary policy What can we actually do about it as investors and citizens  OTHER EPISODES27. Will you Have any Guaranteed Sourc...
2022-02-2330 minThe Canadian Money RoadmapThe Perfect RRSP StrategySend us Fan MailEPISODE SUMMARYIs 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 Evanâś… DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODERRSP contribution deadline RRSP definition and details Options with your RRSP refund Determining whether the perfect RRSP strategy existsÂ
2022-02-0922 minThe Canadian Money RoadmapDips, Corrections and CrashesSend us Fan MailEPISODE SUMMARYIn 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. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEDefining dips, corrections, crashes, and bear markets Clarifying how often these events occur and how they likely happen more often than you realizeTips to surviv...
2022-01-2615 minThe Canadian Money RoadmapDo you really need to have $1M to retire?Send us Fan MailEPISODE SUMMARYIn this episode, Evan covers off some rules of thumb for saving for retirement and how to know if you’re on pace. Evan answers the question of whether you really need $1M to retire. Build your financial plan with Evan✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEHow much do you actually need to save for retirement What impacts your retirement savings needs Savings rule of thumbs and systemsRecommendations to make saving as easy as...
2021-12-1517 minThe Canadian Money RoadmapAre your investments appropriate for your retirement timeline?Send us Fan MailEPISODE SUMMARYOn this episode, Evan provides a framework to think about whether your investments are appropriate for your retirement timeline. Managing risk might mean you need to make adjustments to your portfolio as you get closer to retirement and throughout your retirement years. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEInvestment risk and reward Matching risk with your investment timeline How to manage and assess risk OTHER EPISODES26. Rebalance Your Investments 27. Wi...
2021-12-0111 minThe Canadian Money RoadmapDo you need an emergency fund in retirement?Send us Fan MailEPISODE SUMMARYWhen you're living off your savings instead of relying on employment income, the idea of an emergency fund changes a bit. Here's a quick episode with what Evan recommends!Continue to follow along through this series by downloading your copy of the retirement readiness checklist below. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEIs an emergency fund still relevant, or required, in retirement How an emergency fund fits into the context of an investment portfolio Conce...
2021-11-1711 minThe Canadian Money RoadmapThat other government pension plan... OAS (Old Age Security)Send us Fan MailEPISODE SUMMARYToday’s episode focuses on Old Age Security, another one of the government benefits you may receive. Evan walks through the basics of OAS, how to qualify, and how much you might receive. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEHow OAS works and what it is How much OAS you could receive How to qualify for OAS Items to be aware of, including OAS recovery tax RESOURCES MENTIONEDGovernmen...
2021-11-0312 minThe Canadian Money RoadmapHow much will you get from the Canada Pension Plan?Send us Fan MailEPISODE SUMMARYToday’s episode focuses on the Canada Pension Plan. As CPP will be a component of your retirement paycheque, Evan walks you through CPP specifics and how much you might receive. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEHow CPP works and what it is CPP funding and contributionsHow you can find out how much you might receive Impacts to your payment based on early or late receipt of the benefitRESOURCES MENTION...
2021-10-2012 minThe Canadian Money RoadmapRRSP, LIRA, TFSA.... Where do you withdraw from first?Send us Fan MailEPISODE SUMMARYSpending is easy, but spending with the goal of reducing your lifetime tax bill isn't as straightforward. In this episode, Evan explains how your different plans (RRSP/RRIF, LIRA/LIF, Non-registered and TFSA) are treated from a tax perspective and how to prioritize your withdrawals to keep more money in your pocket.Grab your copy and follow along with our retirement readiness checklist series by clicking the link below. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEM...
2021-10-0612 minThe Canadian Money RoadmapTFSAs are great but watch out....Send us Fan MailEPISODE SUMMARYTFSAs are the best way to invest smarter and reduce taxes over the long term. But you’ll want to be careful of some of these critical pitfalls that can get you into trouble.✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEQuick refresh on what a TFSA is and how it works Explanation of TFSA contribution room and how it accumulates Overcontribution rules and penalties How you can’t claim capital losses in a TFSA RESOURCES...
2021-08-0409 minThe Canadian Money RoadmapInvesting vs GamblingSend us Fan MailEPISODE SUMMARYWhile some people think that investing is essentially gambling, Evan uses this episode to explain how investing is the opposite of gambling when you have time on your side.✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEEvan’s thoughts on taking investing advice from the media How investing is not the same as gamblingHow long term investing is in your favour RESOURCES MENTIONEDMorningstarOTHER EPISODES1...
2021-07-2808 minThe Canadian Money RoadmapOptimize your investments by plan typeSend us Fan MailEPISODE SUMMARYEvan and Steven are back to discuss where to invest your stocks and bonds to save as much tax as possible. If investment income is taxed in different ways (interest vs capital gains vs dividends) and each plan type (RRSP vs TFSA vs Non-Registered) creates taxable income in different ways, you need to have a plan to invest with the goal of reducing taxes over time.✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEPre-tax vs after-tax returns Vari...
2021-07-2112 minThe Canadian Money RoadmapStocks, Bonds or Cash? How do you decide?Send us Fan MailEPISODE SUMMARYWhen building an investment portfolio, the mix between stocks, bonds, cash and other assets is called Asset Allocation. Steven Guenther, CFP, joins me again to discuss this critical aspect of building an appropriate portfolio you can stick with for the long term.✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEDefining various asset classesWhat asset allocation means Understanding how asset allocation impacts your portfolio Deciding on your asset allocation and finding the appropriate investment to matchOT...
2021-07-1413 minThe Canadian Money RoadmapUnderstanding Investment RiskSend us Fan MailEPISODE SUMMARYToday’s episode kicks off our summer series focused on the themes of investing smarter and reducing taxes. Certified Financial Planner, Steven Guenther, joins me again to discuss risk and how to think about it for your investments. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEWhat is investment risk and how to measure it Risk of different assets and understanding risk in your portfolio Relationship between risk and return Understanding your risk capacity and risk tolerance OT...
2021-07-0712 minThe Canadian Money RoadmapThe Next Steps - Season 2 RecapSend us Fan MailThanks for listening to season 2 of the Canadian Money Roadmap! Heres a recap episode of everything we covered on the "Next Steps" season.If you have questions or ideas you'd like to see on future episodes, please send me an email at evan@ennsbaxter.com📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending, saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommendations on how to improve your finances.🌳 Connect with Evan and Cedar Point Wealth | Services and Pricing
2021-05-2807 minThe Canadian Money RoadmapInvesting Basics Part 3 - Mutual Funds and ETFsSend us Fan MailEPISODE SUMMARYHow can an average person buy stocks and bonds easily and make sure they are diversified in the process? Mutual funds and ETFs (exchange traded funds) can help! On today’s episode, Evan walks through these two options. The discussion isn't a recommendation of either or a head to head battle with a winner, but just compares the two investment tools and highlights some pros and cons of both. Always do your research before investing and be careful about believing everything you hear in...
2021-05-1412 minThe Canadian Money RoadmapInvesting Basics Part 2 - BondsSend us Fan MailEPISODE SUMMARYToday Evan dives into the investment you have heard of but probably don’t really understand. Evan provides the basics on bonds and how they might fit into your portfolio. âś… DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEWhat are bonds How can you make money with bonds Why should you consider bonds for your portfolio OTHER EPISODES17. Investing Basics Part 1 - Stocks19. Investing Basics Part 3 - Mutual Funds and ETFsÂ
2021-04-2810 minThe Canadian Money RoadmapInvesting Basics Part 1 - StocksSend us Fan MailEPISODE SUMMARYOn today's episode, Evan will be covering off some of the basics when it comes to investing in stocks.  There are no recommendations or hot stock picks here but just what you need to know before you dive into the world of investing. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEClarify key language used with stock investing Define what stocks are How do you make money with stocks What affects the price of a stock Why should you own...
2021-04-1412 minThe Canadian Money RoadmapRegistered Education Savings Plans featuring Steven Guenther, CFPSend us Fan MailEPISODE SUMMARYWon't somebody please think of the children?! Well, if you're thinking about saving for your kids' education, this is the podcast for you. Steven Guenther and I walk through the basics and the not-so-basics when it comes to RESPs.✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEWhat an RESP is and why they exist Government incentives via grants and bondsIncentives for lower-income families Types of RESP plans Rules for RESP withdrawals What if the kids don’t go to uni...
2021-03-3131 minThe Canadian Money RoadmapMortgage Masterclass with Bud JorgensonSend us Fan MailEPISODE SUMMARYThis week we cover all things mortgages with Bud Jorgenson of The Mortgage Group. Bud provides lots of great nuggets of wisdom as an expert on this topic!✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEHow to qualify for a mortgage Types of mortgages available CMHC insuranceTips for deciding on a down payment amount…and whether 20% down always makes sense RESOURCES MENTIONEDThe Mortgage Group OTHER EPISODES
2021-03-1726 minThe Canadian Money RoadmapHow to file your taxes in 2021 featuring Luke Hergott CPASend us Fan MailEPISODE SUMMARYMy guest this week is Luke Hergott, a Chartered Professional Accountant (CPA) at EY. Luke walks us through the steps you need to take to make sure you're prepared to file your taxes for the 2020 tax year.✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEPersonal tax filing deadlinesHousekeeping items to be ready to file your taxes How income tax works in Canada Practical tips for filing your taxes RESOURCES MENTIONEDCertified tax so...
2021-03-0323 minThe Canadian Money RoadmapIs an RRSP the best choice for your retirement savings?Send us Fan MailEPISODE SUMMARYIn this episode, Evan covers some of the myths and misconceptions about how RRSPs really work and how they might not be the best option for most people.✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEBrief overview of how RRSPs work Myths about RRSP usage Ways to use an RRSP to your advantage RESOURCES MENTIONEDGovernment of Canada - RRSP InformationEY Tax Calculators & Rates OTHER...
2021-02-1616 minThe Canadian Money RoadmapBuying a House featuring Kindra SowdenSend us Fan MailEPISODE SUMMARYIf you're looking for some tips on the home buying process, this episode is for you! Kindra Sowden is one of Saskatoon's top Realtors and she gives some great advice when it comes to making one of the biggest purchases of your life. No pressure….✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEAll things buying a house Reasons you might want to use a realtorAssembling your home purchase dream team Step-by-step process of a home purchase Ways to make...
2021-02-0333 minThe Canadian Money RoadmapMoney & Marriage - From The Sask Wedding Podcast w/ Matt RamageSend us Fan MailEPISODE SUMMARYOn this week's episode, I'm actually the guest! This is an episode I recorded with Matt Ramage from the Sask Wedding Podcast where we discuss money conversations you should be having with your partner before your wedding and then as you build your lives together. Matt is a wedding and lifestyle photographer based out of Saskatoon. You can find him on instagram or on his website.âś… DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEHow to ma...
2021-01-2044 minThe Canadian Money RoadmapUsing a TFSA like a proSend us Fan MailEPISODE SUMMARYWe’re back with Season 2 of The Canadian Money Roadmap Podcast! This episode focuses on TFSAs and will set you up to use them like a pro. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODE1. TFSAs are best used for building long term wealth. Short term savings are best saved in a non-TFSA Savings account.2. You can (and should!) invest for growth within a TFSA. Here's a link to the BMO study showing nearly half of...
2021-01-0612 minThe Canadian Money RoadmapYour Financial Foundations - Season 1 RecapSend us Fan MailThanks so much for listening to Season 1 of the Canadian Money Roadmap Podcast! I've had a lot of fun and I've received lots of great feedback about this season's topics so I'm excited to prep for season 2 and get that out as soon as I can.This episode is a quick summary of the first season which focuses on your financial foundations.Feel free to reach out to me at evan@ennsbaxter.com! 📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spen...
2020-11-0403 minThe Canadian Money RoadmapDo I really need a will? An interview with Elizabeth WilliamsonSend us Fan MailEPISODE SUMMARYIn this episode, I'm joined by Elizabeth Williamson of Williamson Law in Saskatoon, SK. She provides some advice and education on the basics of wills, whether or not you should have one (hint: you do!) and some risks involved with doing an online will.**This episode features discussion and advice most relevant to residents of Saskatchewan. Always consult with a legal professional in your home province when developing your own will and estate plan.**✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLIST
2020-10-2123 minThe Canadian Money RoadmapStarting a Business: Interview with Alisha Esmail of Road Coffee Co.Send us Fan MailEPISODE SUMMARYToday Evan interviews Alisha Esmail, the founder of Road Coffee Co. Road is a coffee roaster based out of Saskatoon with a goal and story that goes well beyond a simple cup of coffee. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEInterview with Alisha Esmail, founder of Road Coffee Co. Finding funding to start a businessDeciding whether to take a salary as the owner Pivoting during Covid-19 to remain profitable RESOURCES MENTIONEDRoad Co...
2020-10-0726 minThe Canadian Money RoadmapTax Basics and "The Next Bracket" MythSend us Fan MailEPISODE SUMMARYEvan guides you through the basics of Canadian tax and helps you understand how income tax works in our country. Evan also touches on the “next bracket myth” and helps clarify some common misunderstandings. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODETax basics Explaining a progressive tax system Understanding average vs. marginal tax rate The Next Bracket MythRESOURCES MENTIONEDEY Tax Calculator and Rates Government of Canada - Understanding Your Pay Stu...
2020-09-2308 minThe Canadian Money RoadmapInsuring Your Most Valuable AssetSend us Fan MailEPISODE SUMMARYThis episode covers a basic overview of life, critical illness, and disability insurance so you can protect your most valuable asset. You! ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODE1. Life Insurance: Pays tax free benefit upon death. Term vs Permanent. Aim for total coverage of Debt + 7x Income2. Critical Illness: Pays tax free benefit upon diagnosis of a covered condition.3. Disability: Pays benefit based on your inability to earn employment income. If you...
2020-09-0917 minThe Canadian Money RoadmapBudgeting for people who hate budgetingSend us Fan MailEPISODE SUMMARYIf you're listening to this episode, chances are that you're not a budgeter. I'm not a budgeter either! You need to know where your money is going but an automated system is going to be your best friend.âś… DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODE1. If you've ever said "Ugh, I finally need to set up a budget", a strict budget might not actually be your best option. And that's okay! People's brains are wired differently but yo...
2020-08-2619 minThe Canadian Money RoadmapStudent Loans, Lines of Credit and How to Get Through Postgrad Debt FreeSend us Fan MailEPISODE SUMMARYEvan discusses student loans and student lines of credit before interviewing PhD candidate, Sam Derksen. Sam and Evan chat about how to get through your post grad studies without any debt. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEThis week's episode looks at getting through post secondary school:1. Student loans - Know your status as a dependent or independent and know the income reporting requires before you apply to limit the surprises of a smaller loa...
2020-08-1227 minThe Canadian Money RoadmapBuying a CarSend us Fan MailEPISODE SUMMARYToday's episode focuses on buying a vehicle. Buying a car is one of the first major purchases that a person will make but you're also likely to own over 10 vehicles over the course of your life. Buying a vehicle the wrong way can get you into lots of financial trouble so this episode should give you some tips to stay on track with a vehicle you'll be happy with for a long time.**Note** this isn't a podcast of how to negotiate the best price or...
2020-07-2934 min