Build Wealth Canada Podcast

David Chilton: Safe Withdrawal Rates, ETFs, & Finding Purpose Before and After Financial Independence

Dec 3, 2025
David Chilton, the renowned Canadian financial author behind The Wealthy Barber and a familiar face from Dragon's Den, shares insights on finding financial independence. He discusses the updates in his book, especially new tools like TFSAs, and emphasizes the importance of relatable storytelling in finance. David reflects on achieving work-life balance post-fame and the keys to happiness, revealing how helping others fuels his purpose. He critiques traditional safe withdrawal rates and recommends detailed retirement planning, making complex concepts accessible and engaging.
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ADVICE

Use Storytelling To Change Financial Behaviour

  • Communicate finance with stories, humor, and relatable characters to change behaviour.
  • Make lessons simple and actionable so readers actually act on them.
INSIGHT

Information Overload Creates Paralysis

  • The information overload online causes paralysis for many people.
  • Trusted, clear guidance becomes more valuable amid abundant but noisy content.
ADVICE

Prioritize Impact Over Monetization

  • Keep publishing helpful content even if it isn't monetized; impact matters more than profit.
  • Focus on work you enjoy and that can reach many people, like podcasts or books.
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