The Canadian Money Roadmap

Explore the art of crafting the perfect smash burger and its surprising parallels to smart investing. Simplicity shines through with quality ingredients and meticulous attention to detail, whether it’s a juicy burger or a robust investment portfolio. Discover how effective investing mirrors the straightforward approach of using core index funds. Gain insights on why mastery in both burgers and finance saves time and money, leading to a delectable and financially sound experience.

Discover why chasing last year's top stocks can leave your strategy behind. Learn how valuations impact future returns and why following market fads may not pay off. Explore the difficulties of investing in AI and chip makers as trends may already be priced in. Understand why only a few stocks drive most market gains, emphasizing diversification for long-term success. Finally, find out how to maintain humility and low costs in your investment approach.

Discover the surprising parallels between the Toronto Blue Jays' playoff journey and investing. Explore how emotions can cloud judgment during winning streaks. Learn why managing expectations is crucial in both sports and financial markets. Understand the role of cash for short-term goals, and how stocks and bonds differ from speculative assets like Bitcoin and gold. Gain insights on risk management and the importance of preparing for market declines. Tune in for valuable tips on staying grounded in the world of investing!

Discover smart strategies for navigating sales events like Amazon Prime Day. Learn how to identify real deals and avoid marketing traps, all while prioritizing meaningful experiences over material possessions. Use tools like CamelCamelCamel to track price histories and ensure your purchases are wise. Evan introduces a helpful spending rule to assess when to buy and encourages checking local stores for better prices. Gain insight on avoiding clutter while still enjoying useful items with tips to maximize your spending power!

A family unexpectedly faced a staggering $660,000 tax bill after the loss of both parents. The discussion uncovers how media framing blamed RRSPs, while important factors like capital gains and asset liquidity were overlooked. Evan clarifies Canada's deemed disposition rule, emphasizing the role of proper estate planning and communication. Strategies like life insurance and RRSP withdrawals are explored to manage tax implications, ultimately advocating for comprehensive financial strategies to secure assets for heirs.

In this episode, learn a practical strategy for families with multiple children to get the most out of their Registered Education Savings Plan, especially when kids are different ages. Perfect for parents navigating tuition and RESP withdrawals this school year.✨ Get your money organized - Your Full Financial Picture Spreadsheet

Discover the risks of taking financial advice from everyone, including your barber! Explore the dangers of relying on anecdotal stories and media hype. Learn about five essential filters to assess financial recommendations effectively. Evan emphasizes the importance of qualified professionals in making sound financial decisions. It's an eye-opening exploration of how to navigate the complex world of personal finance!

Discover a transformative three-month challenge to track your spending and gain clarity on your finances. Learn real-life stories highlighting how we often underestimate our expenses and the impact on retirement planning. Uncover shocking truths about vehicle spending and financial awareness. Get practical tips for tracking your money, whether through tools or simple spreadsheets, and take the first steps toward confident financial management. Start today to take control of your future!

Discover the hidden reasons behind overspending and the trap of debt. The discussion reveals how social pressure and priorities influence financial choices. Explore the contrast between those who save and those who splurge, examining how household income shapes spending habits. Delve into the fear of inadequacy surrounding money, even for the financially stable. Lastly, learn about the importance of personalized financial planning to prioritize what you can truly afford.

Discover the common misconceptions surrounding investment advisors and why they matter in your financial journey. The discussion dives into the critical aspects of portfolio performance, transparent communication, and understanding fees. Learn about the differences between mutual funds and ETFs, and why having a knowledgeable advisor is essential for effective financial planning. Plus, find out how to tackle retirement readiness and prepare for your financial future.