The Canadian Money Roadmap

EPISODE SUMMARYToday’s episode kicks off our summer series focused on the themes of investing smarter and reducing taxes.  Certified Financial Planner, Steven Guenther, joins me again to discuss risk and how to think about it for your investments. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEWhat is investment risk and how to measure it Risk of different assets and understanding risk in your portfolio Relationship between risk and return Understanding your risk capacity and risk tolerance OTHER EPISODES21. Stocks, Bonds, or Cash? How do you Decide?23. Time Heals all Wounds33. Are your Investments Appropriate for your Retirement Timeline? If you enjoy listening to the podcast, please leave a 5 star review on Apple PodcastsRetirement Readiness Scorecard 🇨🇦 Looking to retire in the next 10 years or less (age 45+)? Get your money organized - Your Full Financial Picture Spreadsheet

Thanks for listening to season 2 of the Canadian Money Roadmap! Heres a recap episode of everything we covered on the "Next Steps" season.If you have questions or ideas you'd like to see on future episodes, please send me an email at evan@ennsbaxter.comRetirement Readiness Scorecard 🇨🇦 Looking to retire in the next 10 years or less (age 45+)? Get your money organized - Your Full Financial Picture Spreadsheet

EPISODE SUMMARYHow can an average person buy stocks and bonds easily and make sure they are diversified in the process? Mutual funds and ETFs (exchange traded funds) can help! On today’s episode, Evan walks through these two options.  The discussion isn't a recommendation of either or a head to head battle with a winner, but just compares the two investment tools and highlights some pros and cons of both. Always do your research before investing and be careful about believing everything you hear in advertising!✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEUnderstanding mutual funds Understanding ETFs Comparing mutual funds and ETFs Pros and cons of each option OTHER EPISODES17. Investing Basics Part 1 - Stocks18. Investing Basics Part 2 - Bonds20. Understanding Investment Risk 21. Stocks, Bonds, or Cash? How do you Decide? If you enjoy listening to the podcast, please leave a 5 star review on Apple PodcastsRetirement Readiness Scorecard 🇨🇦 Looking to retire in the next 10 years or less (age 45+)? Get your money organized - Your Full Financial Picture Spreadsheet

EPISODE SUMMARYToday Evan dives into the investment you have heard of but probably don’t really understand.  Evan provides the basics on bonds and how they might fit into your portfolio. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEWhat are bonds How can you make money with bonds Why should you consider bonds for your portfolio OTHER EPISODES17. Investing Basics Part 1 - Stocks19. Investing Basics Part 3 - Mutual Funds and ETFs 20. Understanding Investment Risk 21. Stocks, Bonds, or Cash? How do you Decide? If you enjoy listening to the podcast, please leave a 5 star review on Apple PodcastsRetirement Readiness Scorecard 🇨🇦 Looking to retire in the next 10 years or less (age 45+)? Get your money organized - Your Full Financial Picture Spreadsheet

EPISODE SUMMARYOn today's episode, Evan will be covering off some of the basics when it comes to investing in stocks.   There are no recommendations or hot stock picks here but just what you need to know before you dive into the world of investing.  ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEClarify key language used with stock investing Define what stocks are How do you make money with stocks What affects the price of a stock Why should you own stocks OTHER EPISODES18. Investing Basics Part 2 - Bonds 19. Investing Basics Part 3 - Mutual Funds and ETFs 21. Stocks, Bonds, or Cash? How do you Decide?If you enjoy listening to the podcast, please leave a 5 star review on Apple PodcastsRetirement Readiness Scorecard 🇨🇦 Looking to retire in the next 10 years or less (age 45+)? Get your money organized - Your Full Financial Picture Spreadsheet

EPISODE SUMMARYWon't somebody please think of the children?! Well, if you're thinking about saving for your kids' education, this is the podcast for you.  Steven Guenther and I walk through the basics and the not-so-basics when it comes to RESPs.✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEWhat an RESP is and why they exist Government incentives via grants and bondsIncentives for lower-income families Types of RESP plans Rules for RESP withdrawals What if the kids don’t go to university?  Options for this scenario RESOURCES MENTIONEDGovernment of Canada - RESPsOTHER EPISODES4. Student Loans, Lines of Credit and How to Get Through Postgrad Debt Free 44. How to Help Your Kids Buy a Home If you enjoy listening to the podcast, please leave a 5 star review on Apple PodcastsRetirement Readiness Scorecard 🇨🇦 Looking to retire in the next 10 years or less (age 45+)? Get your money organized - Your Full Financial Picture Spreadsheet

EPISODE SUMMARYThis week we cover all things mortgages with Bud Jorgenson of The Mortgage Group.  Bud provides lots of great nuggets of wisdom as an expert on this topic!✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEHow to qualify for a mortgage Types of mortgages available CMHC insuranceTips for deciding on a down payment amount…and whether 20% down always makes sense RESOURCES MENTIONEDThe Mortgage Group OTHER EPISODES3. Buying a Car 12. Buying a House with Kindra Sowden 43. Should you Rent or Buy a Home? If you enjoy listening to the podcast, please leave a 5 star review on Apple PodcastsRetirement Readiness Scorecard 🇨🇦 Looking to retire in the next 10 years or less (age 45+)? Get your money organized - Your Full Financial Picture Spreadsheet

EPISODE SUMMARYMy guest this week is Luke Hergott, a Chartered Professional Accountant (CPA) at EY.  Luke walks us through the steps you need to take to make sure you're prepared to file your taxes for the 2020 tax year.✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEPersonal tax filing deadlinesHousekeeping items to be ready to file your taxes How income tax works in Canada Practical tips for filing your taxes RESOURCES MENTIONEDCertified tax software options CRA My Account COVID-19 Benefits and TaxesOTHER EPISODES7. Tax Basics and “The Next Bracket” Myth 41. Reduce your Taxes with Deductions and Credits If you enjoy listening to the podcast, please leave a 5 star review on Apple PodcastsRetirement Readiness Scorecard 🇨🇦 Looking to retire in the next 10 years or less (age 45+)? Get your money organized - Your Full Financial Picture Spreadsheet

EPISODE SUMMARYIn this episode, Evan covers some of the myths and misconceptions about how RRSPs really work and how they might not be the best option for most people.✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEBrief overview of how RRSPs work Myths about RRSP usage Ways to use an RRSP to your advantage RESOURCES MENTIONEDGovernment of Canada - RRSP InformationEY Tax Calculators & Rates OTHER EPISODES25. Reduce Taxes with a Spousal RRSP 29. RRSP, LIRA, TFSA…Where do you Withdraw From First? 38. The Perfect RRSP Strategy If you enjoy listening to the podcast, please leave a 5 star review on Apple PodcastsRetirement Readiness Scorecard 🇨🇦 Looking to retire in the next 10 years or less (age 45+)? Get your money organized - Your Full Financial Picture Spreadsheet

EPISODE SUMMARYIf you're looking for some tips on the home buying process, this episode is for you! Kindra Sowden is one of Saskatoon's top Realtors and she gives some great advice when it comes to making one of the biggest purchases of your life. No pressure….✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEAll things buying a house Reasons you might want to use a realtorAssembling your home purchase dream team Step-by-step process of a home purchase Ways to make sure you make a good decision on one of the biggest purchases of your life RESOURCES MENTIONEDKindra Sowden - Website OTHER EPISODES6. Insuring Your Most Valuable Asset9. Do I Really Need a Will?  An Interview with Elizabeth WilliamsonIf you enjoy listening to the podcast, please leave a 5 star review on Apple PodcastsRetirement Readiness Scorecard 🇨🇦 Looking to retire in the next 10 years or less (age 45+)? Get your money organized - Your Full Financial Picture Spreadsheet