The Personal Finance Show

The Personal Finance Show is a place for people to tell their personal finance stories. Everyone has a personal finance story.

16 - Stephen Weyman

January 23rd, 2018


Stephen Weyman knows a lot about credit cards.


In my opinion, credit cards should only be used in one way:  I think you should only buy something with a credit card if that money is sitting in your bank account right now.

Credit cards are not for borrowing.

Please don't use credit cards for borrowing.

There are times in our lives when we need to borrow money. But credit cards are one of the worst tools for borrowing. The interest rate is way too high.

So just promise me that if you ever really need money, right now, and you're thinking about borrowing it with a credit card, look at other options first.

Maybe a loan or a line of credit with a lower rate.

Just look at other options and only borrow with a credit card as a last resort. Credit cards are a tool for convenience and benefits.

Now that you have agreed to only spend money you have in the bank, I can introduce you to Stephen Weyman and his new website called Credit Card Genius.

There are so many options when it comes to getting a credit card.

Before I talked to Stephen, I would have told you to never get a credit card with an annual fee.

You know I hate fees.

But what if the benefits you get when you use the card are much higher than the annual fee?

Example: Before I owned a car I rented cars all the time. Many credit cards come with collision and damage coverage if you book the rental car with the card. If you don't have a card with collision and damage coverage, the rental company will charge you $30 per day. That's an extra $210 on a rental for just a week. So if you rent a car for a week, even once a year, maybe a $99 annual fee on a credit card isn't so bad.

This is just one example of a credit card benefit. But there are so many that trying to remember them is making my brain hurt.

That's where Stephen and Credit Card Genius can help.

For over 7 years Stephen has been the mastermind behind the website And while he included credit card reviews on, he realized the world of credit card selection was complex and needed its own space.

So Stephen found all of the credit card options in Canada and put them on one site.

Turns out there are more than 150 different options.

He even built some cool features to help you find the credit card that works best for you. Stephen joined me in downtown Toronto for my first outdoor and underground mobile episode of The Personal Finance Show.

(And a special shout out to Daniel Trezub from for making that cameo at the end.)


17 - Jessica Moorhouse (Payments Race)


15 - Randy Cass

January 14th, 2018


“Over a period of time it’s become incredibly difficult for any individual to stand in front of the data or the facts, and say that there is a defensible edge that I have in picking stocks, or creating strategies in this market that will outperform the passive indices.” - Randy Cass, NestWealth

Randy Cass is a professional investor.

After speaking to him for just a few minutes, it’s clear he knows investing. Randy spent years as an active portfolio manager making big money for big pension plans and institutions, managing their investment portfolios using complicated strategies that most people wouldn’t understand.

An active portfolio manager gets paid based on how well the portfolio does so it’s in their best interest to spend all their time coming up with the best ways to make money. Active portfolio managers work hard and it’s their full-time job, so people don’t mind paying them high management fees.

But what if you could get the same investment returns without paying the high management fees?

What if it turned out that there were passive investments, with very low management fees, that performed just as well as the high fee ones?

Over time, real data started to prove this was true. The high fees were good for the active managers but not for Canadian investors.

Randy eventually took a break from actively managing portfolios and became the host of BNN’s television show Market Sense. While at BNN conducting interviews and reporting on investment products, he realized that the majority of Canadians were still losing out on so much growth because of high fees, despite the fact that there were so many low fee options emerging.

Randy decided it was time to create a better way to help Canadians grow their money.

This is the story of Randy Cass and NestWealth.

To try Nest Wealth for yourself, click here:


16 - Stephen Weyman


14 - Mike Wickware

January 10th, 2018


Mike Wickware started out having no idea what he wanted to do with his life and now he is Chief Marketing Officer of a company called Planswell.

Along the way, Mike had to make hard decisions about what was right for him and really think about what he wanted to do with his life.

There will always be people that tell you that you have to stay on a certain path because of safety and security or the fact that you spent money on a degree and you shouldn’t waste it.

Most of the time these people are well intentioned and they are just looking out for you. They don’t want you to get into trouble.

But the key thing to remember is that these people aren’t the ones living your life.

You have to do what’s right for you.

Even if people don’t understand.

Even if you end up somewhere you could have never predicted.

Are you one of the lucky ones who has always had a clear picture of what you wanted to do with your life?

There are many different names for this part of our life: job, career, work, what we do for a living.

Whatever you call it, it’s the thing - or things - that we do to make money.

The ideal situation is that the thing we do every day to make money is also something we enjoy, and that aligns with our core values. A core value is something that is important to you.

For example, one of my top 10 core values is helping others, so if I’m doing work and the end result of that work doesn’t help others in some way, I won’t be happy doing that work.

You might have heard someone say: what would you do with your life if money wasn’t important?

When you’re starting out in the working world, you don’t generally have that luxury, so you might take the job that pays you well enough for the skills you have at that moment in time. But most of the time, you don’t stay in that job for the rest of your life. Not anymore anyhow.

You might move up in a company, learn more about what you are good at, and eventually you might find out that you want to do something completely different. Some people think that when we change jobs, or follow our passions, we’re being selfish.

But to quote Esther Perel: It’s not vanity, it’s sheer survival of the soul.

If you are doing something everyday and that something doesn’t feel quite right, it is very important to listen to that feeling.

It doesn’t mean that you’ve been doing the wrong thing for the past 10 years, it just means that over that time you’ve learned more about yourself and what it is you truly want.

I believe that this is something that can only come from experience.

Mike invited me to the Planswell head office where he told his personal finance story.


15 - Randy Cass