It's Personal Finance Canada

When your financial calculator tells you to “use reasonable figures” you know your in for a wild ride. This week we tackle part two of our look into the Financial Independence Retire Early (FIRE) movement and go beyond just the core concepts and actually put their math to the test. Is the promised 4% rate of return formula your golden ticket or does it turn to rust in when you need it the most. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Where there’s smoke there’s FIRE! This week we dig deeper into the FIRE movement and see how much of it is actually burning logs and how much of it is just cheap kindling. Can you sustain a retirement, what does it cost you in your everyday life? Plus we talk about what we actually really like about the movement in part one of this two week investigation. If you live in British Columbia, let us help you take careof the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada Useful Resources: Some of the math behind the FIRE concepts: https://www.howtofire.com/fire-guide/the-math-behind-fire/

It’s time to spin the wheel of retirement fortune and see what we get from the government, bonus points for landing on 70! This week it’s everything you’ve ever wanted to know about CPP and the new changes to OAS. Find out when it could be best to start collecting, how its funded and what the future holds for these 2 staples of government assistance. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada Useful Resources: CPP Fund Facts: https://www.cppinvestments.com/for-canadian/cpp-fund-facts/#:~:text=Reality%20%E2%80%93%20Two%20decades%20ago%2C%20the,and%20secure%20for%20future%20generations Actuarial Report (31st) on the Canada Pension Plan: https://www.osfi-bsif.gc.ca/Eng/oca-bac/ar-ra/cpp-rpc/Pages/cpp31.aspx

The call is coming from inside the house, and it’s asking when to expect payment of my loans! This week we talk with Blair Mantin president of Sands & Associates and go over everything you ever wanted, or didn’t realize that you needed to know about consumer proposals and bankruptcy in Canada. Learn new tips and tricks to help you even before you get into debt trouble and how to best deal with those mounting debts before it’s too late. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada Useful Resources: Sands & Associates website: https://www.sands-trustee.com/

For the price of a coffee a day you can become a millionaire… maybe. This week we dig into David Bach’s bestseller “The Latte Factor” and see if its core financial concepts are more foam than cream. Can small daily investments really revolutionize your retirement and how does the math really work in today’s market? If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

What do all personal finance experts have in common? If you guessed a numbered step by step guide you’re correct! This week Christine joins the dark side of personal finance expertise and lays out her own road map, checklist, whatever we’re calling it, to help you master the basics of not only your budget but your entire personal finance journey. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

50, 30, 20 hut hut hut. This week we tackle the growing trend of set it and forget it percentage based budgets and how many of these American creations are leading Canadians astray. Find out whether these good ideas are based in reality and are actually feasible for the average Canadian. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada Useful Resources: Stats Canada, Survey of Household Spending, 2019: https://www150.statcan.gc.ca/n1/daily-quotidien/210122/dq210122b-eng.htm Stats Canada, How Canadians spent their money in 2019 infographic: https://www150.statcan.gc.ca/n1/pub/11-627-m/11-627-m2021006-eng.htm BC Gov Economic Statistics: https://www2.gov.bc.ca/gov/content/data/statistics/economy/other-economic-statistics

The most important part of investing is timing, or so we are led to believe. This week we talk about how to manage your time in the stock market and how emotions lead you off the cliff of destitution. Learning the cycles of the market and when to best get in, get out, or stay put is the true key to success. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada Useful Resources: Charles Schwab Report “Does Market Timing Work” https://www.schwab.com/learn/story/does-market-timing-work

In a world of DIY financial planning and investing it is easy to think we know what is best for our financial future. This week we go over the pro’s and con’s of DIY financial management and when it is best to talk to a professional. Christine takes you behind the scenes of her practice and talks about compensation, product availability and where it is actually better for you to do things yourself. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

It’s mothers’ day so what better time to talk about how we teach our kids about money, so they can spend it on mom of course! This week we welcome our first guest Robin Taub the author of “The Wisest Investment” and discover all of the ways we can push past our personal taboos about money and prepare our kids to be financially literate and independent. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada Useful Resources: Find out more about Robin’s book at: https://www.thewisestinvestment.com/