Episodi
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Our guest this episode is Barry Choi, the ultimate expert on all things credit card points and loyalty programs in Canada. You may also know him from his frequent TV appearances or his personal finance website www.moneywehave.com.
In this episode Dave asks Barry everything Canadians need to know about credit card points and loyalty programs including which programs offer the most lucrative sign-up bonuses, tips for how to maximize the value of your points, which card is best for travel and much, much more.
This is a highly informative episode and you’ll be sure to take away a few valuable tips by listening.
Show Notes
00:00 – Intro & Disclaimer
00:56 – Intro to Barry Choi
03:02 – Loyalty Programs and Data
06:35 – Learn a Few Programs Inside Out
08:51 – Transferring Points to Increase Value
10:47 – Credit Card Points as an Employee Benefit
12:04 – Tips to Maximize Points
14:39 – How to Optimize Points for Travel
17:12 – Which Credit Card is Right for You
18:56 – Sign-Up Bonuses
22:16 – Dave’s Reservations About Credit Cards
25:32 – High-Income Canadians with Credit-Card Balances
28:01 – Barry’s Spending
30:02 – When Barry Took His Family to Hong Kong
34:09 – American Express
37:37 – Dave Doesn't Use Airport Lounges
38:26 – Non-Point Benefits
41:20 – The Lifecycle of a Fintech Company
42:25 – Consumerism & Stuff
45:49 – Donating Loyalty Points
46:58 – Fraud with Loyalty Points
48:37 – Conclusion
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Our guest this episode is Ben Felix—Chief Investment Officer at PWL Capital and co-host of “The Rational Reminder” podcast. You might also know him from his popular YouTube channel where he creates meticulously researched videos on investing, financial decision-making and living a good life (although you may not recognize his stunning new hairstyle!).
In this episode Dave and Ben dive deeply into the world of investing. They cover everything from active versus passive styles to why CPP is a one-of-a-kind asset to why people underperform so badly in mutual funds and much, much more.
This is a must-listen episode featuring two of Canada’s top financial educators.
Show Notes:
00:00:00 – Intro & Disclaimer
00:00:55 – Intro to Ben Felix
00:04:25 – Ben’s New Hair
00:05:50 – Why Is It So Difficult to Beat the Market?
00:08:02 – Why It's Hard for Active Managers to Consistently Outperform
00:11:42 – “Buy the Haystack” (Passive Investing)
00:13:55 – The Market is Forward Looking
00:17:45 – Why Dave & Ben Don't Listen to Market Forecasts
00:21:46 – Dave's Only Market-Timing Story (Gone Wrong)
00:25:22 – Performance Gaps for Individual vs. Fund Performance
00:29:55 – Lump Sum vs. Dollar-Cost Averaging
00:35:18 – Everyone's Risk Tolerance is Different
00:36:56 – Countries With High Economic Growth ≠ High Stock Returns
00:41:35 – Beware of High Growth Industries & Thematic ETFs
00:46:00 – The Difference Between Investment Planning & Financial Planning
00:51:20 – How Can Everyday Canadians Get Good Financial Advice?
00:55:44 – Trust is Key in Financial Planning
00:57:26 – Why a 2% Mutual Fund Fee Is So Costly
00:59:11 – Canadian Banks
01:01:19 – Keep it Simple! Complexity Underperforms
01:04:09 – Venture Capital
01:05:42 – Can the US Market Continue to Outperform?
01:13:36 – Robo-Advisors
01:17:44 – Would Ben Ever Be a Landlord?
01:20:00 – CPP – Four Reasons Why You Should Wait to Take It
01:26:11 – Conclusion
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Episodi mancanti?
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Our guest this episode is Jessica Moorhouse—a Canadian personal finance creator, host of the “More Money Podcast,” and soon-to-be-published author of the book “Everything but Money: The Hidden Barriers Between You and Financial Freedom.”
In this episode Dave and Jessica discuss how our emotions and past experiences affect our relationship with money including bad financial habits people learn from their parents, biases that get in our way, why the financial industry benefits from making it seem more complicated than it is and much, much more.
Don’t miss this engaging discussion with Jessica Moorhouse.
Show Notes00:00 – Introduction00:56 – Jessica's Background03:21 – How Jessica's Podcast Started05:51 – Jessica's Upcoming Book11:43 – Bad Money Habits We Learn From Our Parents15:34 – Money and Shame17:18 – How to Take Control of Your Relationship with Money19:07 – Status Quo Bias22:15 – Anyone Can Learn to be Good With Money24:33 – Overconfidence Bias in Young Men27:02 – Women and Investing29:02 – Emotions and Investing31:51 – Index Investing & Fintech33:51 – Focus on What You Can Control and Don't Give Up Hope38:10 – Living in Toronto40:37 – The Best Financial Educators Are Truly Trying to Help43:55 – Happiness and Financial Planning46:39 – COVID49:18 – Where to Get Jessica’s Book
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Our guest this episode is Rob Carrick—one of the most well-known personal-finance experts in the country through his 30+ years as a financial writer and columnist for The Globe and Mail.
In this episode Dave and Rob discuss how personal finance in Canada has changed over the last 35 years including how more parents are helping their adult-age children financially, how social media is increasing the pressure to spend, why FHSAs are the ultimate no-brainer and much, much more.
You'll enjoy this discussion with Rob Carrick.
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The Wealthy Barber Podcast is Canada’s go-to source for approachable, entertaining, and free financial education. Hosted by none other than David Chilton—former Dragon on CBC’s ”Dragons’ Den” and the best-selling author of ”The Wealthy Barber” and ”The Wealthy Barber Returns”—this podcast is here to help Canadians manage their money better. Much better.
Find all episodes and more Canadian personal finance content at https://thewealthybarber.com.
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Show Notes:(00:00:00) – Introduction(00:03:30) – It's More Expensive to Have Kids Today(00:06:01) – Pressure to Spend(00:07:24) – Crazy What People Spend on Cars(00:09:24) – Spending & Lines of Credit(00:12:27) – What Dave is Seeing From People's Spending Summaries(00:13:47) – It’s Financially Difficult to be Single(00:15:12) – Costs Are Rising for Seniors(00:19:06) – More Parents Are Helping Their Kids Financially(00:22:09) – People Need Help with Retirement Planning(00:27:05) – Fee-Only Financial Planning(00:31:19) – Divorce Rates Going Down(00:32:18) – People Are Having Fewer Kids(00:33:13) – Boomers Had It Easier(00:36:18) – Pensions Are Making a Comeback(00:38:18) – Counting on Inheritances(00:39:05) – Some Young People Are Giving Up(00:40:16) – Anyone Can Manage Their Money Well(00:41:24) – Is Personal Finance Harder Today?(00:42:17) – Pets Are More Expensive Than You Expect(00:44:30) – You Have to Make Spending Tradeoffs(00:46:16) – You Feel Better When You’re On Top of Your Finances(00:48:44) – Debit vs. Credit Cards(00:50:54) – Should Couples Manage Their Money Together?(00:54:01) – FHSAs(00:55:08) – TFSAs(00:58:11) – The Problem with the Bank-Branch System in Canada(01:00:23) – FHSAs Are a No-Brainer(01:03:39) – Why Hasn’t Canada Embraced Passive Investing Like the US?(01:05:38) – The Wrong Way to Use ETFs(01:08:26) – Men vs. Women Investing(01:12:19) – Why Don’t Canadians Use Mortgage Brokers?(01:14:08) – RRSPs are Still Great(01:16:48) – Conclusion
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Our guest this episode is Robin Taub—a financial educator focused on helping parents teach their kids to be responsible, independent and money-smart for life through her award winning book “The Wisest Investment” and public speaking engagements.
In this episode we discuss all things parents should know when teaching their kids about money, from allowances, to piggy banks, to how much kids should save, and much more. You'll enjoy this discussion with Robin Taub.
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The Wealthy Barber Podcast is Canada’s go-to source for approachable, entertaining, and free financial education. Hosted by none other than David Chilton—former Dragon on CBC’s ”Dragons’ Den” and the best-selling author of ”The Wealthy Barber” and ”The Wealthy Barber Returns”—this podcast is here to help Canadians manage their money better. Much better.
Find all episodes and more Canadian personal finance content at https://thewealthybarber.com.
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Show Notes:
(00:00:00) Introduction
(00:01:11) How Do You Teach Kids About Money?
(00:07:38) Allowances
(00:11:41) Robin's Book & Framework
(00:15:52) Teaching Kids About Investing
(00:18:55) People Are Having Fewer Kids
(00:20:00) Young People More Affected by Inflation
(00:22:42) Piggy Banks
(00:24:04) Spending in the Digital Era
(00:26:01) "Cooling-Off" Periods
(00:27:25) How Much Kids Should Save
(00:28:59) Grandparents More Financially Involved Now
(00:31:58) Biggest Money Mistakes Parents Make
(00:35:08) Money Stress is the Worst Stress
(00:37:14) The Importance of Sharing
(00:41:09) Dave & Robin's Kids
(00:45:01) Other Resources for Parents
(00:47:08) Conclusion
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Welcome to the inaugural episode of The Wealthy Barber Podcast!
Our first guest is Preet Banerjee—one of the top financial educators in Canada, having been a regular for years on CBC's The National, renowned speaker and author of the bestselling book, “Stop Overthinking Your Money.” Recently, Preet completed a doctorate with his research focusing on the value of financial advice to Canadian households and how to improve the outcomes for the mass market.
In this episode, we discuss what Preet learned from his research and all things Canadian personal finance, from RRSPs versus TFSAs, to active versus passive investing, to whether investing in Canadian rental real estate still makes sense, to who has the better hair and much, much more. You'll enjoy this discussion with Preet Banerjee, a great communicator and a truly great guy.
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The Wealthy Barber Podcast is Canada’s go-to source for approachable, entertaining, and free financial education. Hosted by none other than David Chilton—former Dragon on CBC’s ”Dragons’ Den” and the best-selling author of ”The Wealthy Barber” and ”The Wealthy Barber Returns”—this podcast is here to help Canadians manage their money better. Much better.
Find all episodes and more Canadian personal finance content at https://thewealthybarber.com.
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Show Notes:
(00:00:00) Introduction
(00:01:59) Preet’s Research
(00:06:16) Biggest Problem Young Canadians Face Today
(00:10:32) RRSP vs. TFSA
(00:13:06) FHSAs
(00:14:38) Active vs. Passive
(00:20:40) Men vs. Women Investing
(00:23:52) Inflation
(00:29:14) Who has better hair?
(00:29:47) Giving Advice to the Masses
(00:32:36) Group RRSP Matching
(00:34:58) Investing in Rental Real Estate in Canada
(00:37:41) Getting Help From Parents
(00:40:19) Emergency Funds
(00:43:08) Has the Pendulum Swung Too Far
(00:45:23) Other Personal Finance Creators
(00:48:02) An Experience That Changed Preet’s Perspective on Life
(00:51:35) Conclusion
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The Wealthy Barber is back! Dave Chilton has spent over 35 years demystifying personal finance, offering understandable, unbiased, and actionable advice that has empowered millions of Canadians to achieve their financial goals. Now, he’s bringing that same wisdom to your favourite podcasting platforms, with regular episodes designed to make personal finance simple, relatable, and yes, even entertaining.
