The Wealthy Barber Podcast

In this conversation, financial expert Adam Bornn, Founder of Parallel Wealth, shares his deep insights on Canadian retirement planning. He introduces the "Go-Go, Slow-Go, and No-Go" phases of retirement, emphasizing the necessity of having a financial plan. Listeners learn about RRSP meltdowns, tax strategies, and whether it's really essential to have a million dollars saved. Adam also discusses the benefits of delaying CPP, reverse mortgages, and the overlooked importance of generational wealth.

Amanda Lang, a seasoned Canadian business journalist and host of Taking Stock, shares her insights on Canada's economy. She highlights pressing issues like productivity struggles and the housing crisis, alongside a discussion on the potential changes to capital gains tax. Lang also delves into the transformative impact of artificial intelligence on recent job markets and entrepreneurship, articulating the risks and opportunities it presents for future generations. Her perspectives provide a thought-provoking look at Canada’s economic landscape.

Bruce Sellery, CEO of Credit Canada and author of "Moolala," discusses the alarming debt crisis in Canada. He shares insights on how personal experiences, such as divorce and rising living costs, can dramatically impact financial health. Bruce emphasizes the importance of understanding credit scores and offers practical advice for managing debt. With a background in journalism, he explores the emotional connections to money, highlighting the need for empathetic financial education to empower individuals in reclaiming their financial lives.

Jim Chuong, known as "The Lazy Canadian Investor," shares his journey to investing stardom with over a million followers online. He dives into real estate and why leveraging can be effective, while discussing the pros and cons of U.S.-only investing versus global diversification. Jim presents a critique of cryptocurrency as speculative and emphasizes a simple, low-stress approach to finance. He also reflects on his motivation for creating content, aiming to educate and simplify investing for everyday Canadians.

Kelley Keehn, a best-selling author and personal finance expert, dives into the pressing issues surrounding debt and overspending. She discusses the psychological traps that lead to financial strain and offers practical strategies to break free from debt. The conversation highlights the subtle pressures to spend and the importance of mindful purchasing. Kelley also sheds light on the rising threat of financial fraud, urging listeners to stay vigilant and informed. Her insights empower Canadians to foster healthier relationships with money.

Our guest this episode is the legendary Canadian comedian Gerry Dee! You know him as the creator and star of “Mr. D” and the host of “Family Feud Canada”—but did you know “The Wealthy Barber” is one of the five books he’s ever read? In this 15ish minute episode, Gerry sits down with Dave to talk about the lessons he learned during his early career as a teacher, his leap into stand-up comedy, his big break with “Mr. D” and how all of those experiences shaped how he thinks about money. Tune in for laughs, insights and a fun dose of nostalgia!    Show Notes (00:00) Intro & Disclaimer (00:55) Intro to Gerry Dee (02:14) Gerry’s Early Life (04:20) Gerry’s Career as a Comedian & Entrepreneur (07:56) Lessons Learned From Gerry’s Athletic Background (12:16) When Gerry’s Career Took Off (13:43) The Story of Mr. D (14:33) Gerry’s Investing Approach (17:41) The Best Investment Gerry Ever Made (18:17)  Does Gerry Follow The Wealthy Barber Principles? (20:08) Conclusion

Dive into a lively Q&A session where listeners tackle all things finance! Explore strategies for budgeting major home repairs and whether to prioritize before- or after-tax income in your savings. Get insights on investing tips for those starting late, and discover the significance of selecting the right financial advisor. The discussion even covers the enduring validity of the 4% rule and highlights smart investment choices like index funds. It's all about practical advice delivered with humor and clarity.

Join NHL star Mark Scheifele, a two-time All-Star with the Winnipeg Jets, as he shares how early exposure to 'The Wealthy Barber' shaped his financial mindset. Discover his unique approach to investing and what he prioritizes in his spending. Mark also delves into the excitement of potentially winning the Stanley Cup with Winnipeg and compares the thrill of hockey to golf. Plus, find out his thoughts on maintaining a modest lifestyle while managing the pressures of professional sports!

In this lively discussion, Mark McGrath, an Associate Portfolio Manager at PWL Capital and co-host of the Rational Reminder podcast, breaks down the debate between TFSAs and RRSPs. He reveals why RRSPs often get a bad reputation despite their benefits, including tax-efficient withdrawals. Mark also tackles the implications of government tax changes and how the Canada Child Benefit affects your savings strategy. With insights on the flexibility of TFSAs being a double-edged sword, listeners gain valuable financial wisdom in just 15 minutes!

Robb Engen, creator of the Boomer & Echo blog and an advice-only financial planner, shares his insights on planning for retirement. He discusses the advantages of delaying Canada Pension Plan payments and strategies for safe withdrawal rates. Robb highlights the importance of holistic financial planning, addressing how to support children buying homes while ensuring your own retirement security. He also delves into the impact of high-risk trading behaviors in younger generations and offers practical advice for navigating large expenses in retirement.