The Canadian Money Roadmap

EPISODE SUMMARYThis episode covers a basic overview of life, critical illness, and disability insurance so you can protect your most valuable asset.  You! ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODE1. Life Insurance: Pays tax free benefit upon death. Term vs Permanent. Aim for total coverage of Debt + 7x Income2. Critical Illness: Pays tax free benefit upon diagnosis of a covered condition.3. Disability: Pays benefit based on your inability to earn employment income. If you have benefits at work, you might already have sufficient disability coverage but double check the variables so you know what you have.4. Creditor Insurance: Typically more expensive and less comprehensive than a personally owned policy but can be a good option if your health prevents you from getting a policy on your own.OTHER EPISODES12. Buying a House Featuring Kindra Sowden 15. Mortgage Masterclass with Bud JorgensonIf you enjoy listening to the podcast, please leave a 5 star review on Apple PodcastsWant a personalized retirement plan? Retirement Readiness Scorecard 🇨🇦 Get your money organized - Your Full Financial Picture Spreadsheet

EPISODE SUMMARYIf you're listening to this episode, chances are that you're not a budgeter. I'm not a budgeter either! You need to know where your money is going but an automated system is going to be your best friend.✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODE1. If you've ever said "Ugh, I finally need to set up a budget", a strict budget might not actually be your best option. And that's okay! People's brains are wired differently but you just need to find a system that works best for you.2. If you are looking for budgeting software, I'd start with Mint or You Need A Budget. 3. When building your budget, aim for the 50-30-20 rule for the categories of Needs, Wants and Savings/Debt repayment.4. **If you don't want to set up a strict budget, start by automating your good habits**. If you think you need a budget, chances are that your money isn't going where you want it to every month. By automating your good habits of paying your bills on time, repaying your debt and contributing to your long term savings, you can guarantee that you'll start every month on the right foot. The more things you can automate, the fewer speed bumps you're going to hit every month.RESOURCES MENTIONEDMintYou Need a BudgetOTHER EPISODES42. Start planning for your next vacationIf you enjoy listening to the podcast, please leave a 5 star review on Apple PodcastsWant a personalized retirement plan? Retirement Readiness Scorecard 🇨🇦 Get your money organized - Your Full Financial Picture Spreadsheet

EPISODE SUMMARYEvan discusses student loans and student lines of credit before interviewing PhD candidate, Sam Derksen.  Sam and Evan chat about how to get through your post grad studies without any debt. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEThis week's episode looks at getting through post secondary school:1. Student loans - Know your status as a dependent or independent and know the income reporting requires before you apply to limit the surprises of a smaller loan than you had anticipated.2. Student lines of credit - Available through a bank, a line of credit is more flexible but you might run the risk of overspending as a result3. Interview with PhD candidate, Sam Derksen - How to get through your post grad studies without any debtOTHER EPISODES16. Registered Education Savings Plans featuring Steven Guenther, CFP If you enjoy listening to the podcast, please leave a 5 star review on Apple PodcastsWant a personalized retirement plan? Retirement Readiness Scorecard 🇨🇦 Get your money organized - Your Full Financial Picture Spreadsheet

EPISODE SUMMARYToday's episode focuses on buying a vehicle.  Buying a car is one of the first major purchases that a person will make but you're also likely to own over 10 vehicles over the course of your life.  Buying a vehicle the wrong way can get you into lots of  financial trouble so this episode should give you some tips to stay on track with a vehicle you'll be happy with for a long time.**Note** this isn't a podcast of how to negotiate the best price or which vehicle to buy. I wanted to provide some realistic education on what the process of buying a vehicle is like so you can make the best choice for your unique situation.Quick tips:1. Buying a used car with cash is likely the cheapest way to own a vehicle. Certified pre-owned is a nice sweet spot that offers warranty, low kms, a dealer inspection and someone else has paid most of the depreciation already.2. Leasing is the most expensive way to "own" a vehicle over time even though the monthly payments are lower. Generally only a good option if you use the vehicle to travel for work can expense the payment.3. Financing is the most common method of buying but try to stick to the 20/4/10 rule to keep your interest low and payments on budget. 20% down, 4 year term, payment is less than 10% of your monthly take-home income.4. Do your homework before going to the dealership: know the model and trim level you're interested in, know the MSRP and what you're willing to negotiate on, know your budget and don't deviate from it.5. Avoid the "extras" like undercoating, extra warranty, life insurance on the loan (own your own insurance policy instead!)✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTOTHER EPISODES43. Should you Rent or Buy a Home 12. Buying a House featuring Kindra Sowden If you enjoy listening to the podcast, please leave a 5 star review on Apple PodcastsWant a personalized retirement plan? Retirement Readiness Scorecard 🇨🇦 Get your money organized - Your Full Financial Picture Spreadsheet

EPISODE SUMMARYIn this episode, Evan is joined by his colleague and Certified Financial Planner Steven Guenther.  This episode covers a lot of ground on credit cards, pros and cons of using them, and how to get rid of your credit card debt. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODECredit card explanation Pros of using credit cards Cons of using credit cards Ways to eliminate credit card debt RESOURCES MENTIONEDMaking a Plan to be Debt Free - Financial Consumer Agency of CanadaOTHER EPISODES4. Student Loans, Lines of Credit and How to Get Through Postgrad Debt FreeIf you enjoy listening to the podcast, please leave a 5 star review on Apple PodcastsWant a personalized retirement plan? Retirement Readiness Scorecard 🇨🇦 Get your money organized - Your Full Financial Picture Spreadsheet

EPISODE SUMMARYIn this episode, Evan leads you through whether you need an emergency fund and provides his perspective on the emergency fund amount and possible downsides to consider.  ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEShould you have an emergency fund? If so, how much should you save? Are there any downsides to having an emergency fund? RESOURCES MENTIONEDDave Ramsey’s 7 Baby StepsOTHER EPISODES32. Do you need an emergency fund in retirement? If you enjoy listening to the podcast, please leave a 5 star review on Apple PodcastsWant a personalized retirement plan? Retirement Readiness Scorecard 🇨🇦 Get your money organized - Your Full Financial Picture Spreadsheet

Want a personalized retirement plan? Retirement Readiness Scorecard 🇨🇦 Get your money organized - Your Full Financial Picture Spreadsheet