Episodes
Thursday May 30, 2019
84 - Sandy Yong
Thursday May 30, 2019
Thursday May 30, 2019
Sandy Yong wants everyone to learn about personal finance so that their future self can thank them for it.
Sandy figured out early on that if you give your money to the big banks, and don’t know what you want to invest in, they will choose the ones with the highest fees.
Makes sense, doesn’t it? If you went to a car dealership, and said here’s some money, I want a car, and didn’t give them any parameters like fuel efficiency, or speed, or size or anything, they would sell you the car that makes them the most money. In fact, if they didn’t do that, I would question if they are in the right business.
Sandy figured out that if she learned the basics of personal finance, she could invest her own money, have more control over her risk, and save a ton on fees.
She learned so much about personal finance that when the opportunity came up to publish a book, personal finance was the clear subject.
Sandy’s book, The Money Master, will be published in the summer of 2019.
It’s always great to have another voice in the personal finance community to help increase financial literacy and democratize personal finance.
Financial wellness is nearly impossible to achieve if you are having mental health issues. Recognizing this, Sandy has decided to donate $2 from every sale of her book to CAMH, The Centre for Addiction and Mental Health. If you’ve heard my story of addiction and recovery, you know that this has a special meaning for me, so thank you Sandy for making this commitment.
Sandy joined me in the studio in Hamilton to tell her personal finance story.
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Thursday May 23, 2019
83 - Ed Rempel
Thursday May 23, 2019
Thursday May 23, 2019
Ed Rempel wants you to know that the conventional personal finance wisdom most people follow, might not be the best for your financial situation. Unconventional wisdom, as he calls it, might be your path to financial success.
Ed has been a financial planner for over 25 years and a tax accountant for over 35 years.
He is a Certified Financial Planner, Chartered Professional Accountant, and Certified Hedge Fund Specialist.
Ed has spent the majority of his life actually creating comprehensive financial plans for Canadians and continuously building his knowledge base to help his clients reach financial freedom in the most optimal and efficient way.
Ed has so much unconventional wisdom to share that one podcast episode wasn’t enough. We didn’t even get to talk about all of the really interesting investing and tax strategies that he has become an expert in over the years. So stay tuned for Part 2 of this interview in the coming months.
Ed joined me in the studio in Hamilton to share part 1 of his personal finance story.
NEXT EPISODE
Click here to become a patron of The Personal Finance Show via Patreon
To register for my next available personal finance webinar click here.
Thursday May 16, 2019
82 - Sandi Martin
Thursday May 16, 2019
Thursday May 16, 2019
Sandi Martin wants someone giving financial advice to be paid by the person who’s receiving financial advice. And the someone giving financial advice should be paid a fee for the financial services they provide.
Sandi worked at a bank for years and her job was to sell the bank’s products.
When people came to her office to ask for financial advice, they didn’t have to pay her anything. The bank paid her. She worked for the bank and not for the people asking for advice. The bank would be happy if the people who came into Sandi’s office purchased one of the bank’s products before they left, and Sandi would be considered a success if she sold as many bank products as she could.
A lot of the time, the products at the bank were not the best products for the people who walked into her office. They weren’t terrible products, but they weren’t the right fit for some of the people. But she couldn’t recommend anything else because she would have lost her job at the bank.
The more she found out about the variety of financial products that existed, she realized that a lot of the best ones for the people who walked into her office at the bank existed outside of the bank.
So she left and created her own financial planning company, which is now called Spring Financial Planning.
She decided she wasn’t going to sell financial products at all.
She would talk to people and find out what they need to achieve their financial goals.
They would pay her a fee to help them make a financial plan that wasn’t tied to any financial products.
When the plan was done and they asked her how they should invest their money in a way that aligned with the goals in their plan, she could point them to a variety of suitable products that they could get from a variety of places. And they would be suitable for her clients because they would help them achieve their financial goals, not because she was getting paid to sell them.
Sandi Martin joined me from somewhere in the middle of the province of Ontario to tell her personal finance story.
NEXT EPISODE
Click here to become a patron of The Personal Finance Show via Patreon
To register for my next available personal finance webinar click here.
Thursday May 09, 2019
81 - Janine Rogan
Thursday May 09, 2019
Thursday May 09, 2019
Janine Rogan wants you to know that no one is born with an understanding of personal finance.
Janine got pretty good at making money early. Queen of the side hustle, they called her.
But somehow her bank account was always empty and her credit cards were always maxed.
This is, unfortunately, not uncommon in our society.
Making good money, but somehow the money disappears. Some people tell me this like it’s some kind of unsolveable mystery.
Luckily for Janine, she had a friend who pointed her to the world of personal finance books and blogs, and she was hooked after that.
Today you can find Janine’s personal finance writing all over the internet.
Janine joined me from Calgary, Alberta to share her personal finance story.
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Thursday May 02, 2019
80 - Michael Kruse
Thursday May 02, 2019
Thursday May 02, 2019
Michael Kruse wants you to not be afraid of changing your career.
We usually go to school for one thing. One field of study. One industry. Then we work hard to find jobs and build experience in that industry. We become experts. After 10 or 15 years we become well known for doing one thing very well.
Maybe you’ve been in the same job or industry for that long and you’re totally fine. You’re paid well, you enjoy the work - there’s no reason to move on.
After 10 years working as a lighting designer in the world of Canadian theatre, Michael Kruse wasn’t fine. Among other issues, he couldn’t see himself ever reaching a comfortable retirement or financial independence making the money he was making.
So in his early thirties, Michael left his long career in theatre and decided he was going to pursue something completely different...he was going to become a paramedic.
Michael joined me in the studio in Hamilton to share his personal finance story.