Millennial Money Canada

Millennial Money Canada is a podcast for Millennials, by Sam Lichtman, a CFP® Professional, financial advisor and co-founder of Achieve Wealth Management. Today we are going through education savings plans. I am joined by Markus Muhs who is a financial advisor and CFP® Professional. We go through everything related to education savings plans expected tuition rates of future tuition costs based on inflation, ideal contribution rates, modelling out different rate of returns overtime, and things to avoid and watch out for when contributing to education savings plans and so much more. Book with Sam: Learn more about Markus: RESP Usage Survey: Tuition Cost Reference: Am I eligible for the ACESG and CLB: Disclaimer:

Thanks for listening! If you liked this podcast, be sure to give us a rating on whatever platform you find us on.  On todays episode, we go through the risks of crypto currency, are we in a crypto bubble, will it stick around long term, how should financial advisors treat crypto and much more. Be sure to subscribe to the podcast for updates on our next episode.  As promised, here is the link to Eron's Youtube Channel: https://www.youtube.com/channel/UCF2et2T1R5Wx8WMxKnGJ3Ag Reminder, This is not intended as investment advice. This podcast is hosted by Sam Lichtman, licensed financial advisor with Portfolio Strategies Corporation. Sam is a Certified Financial Planner in Canada. All investment conversation is meant as general information only and should not be considered personal advice. Always seek professional advice. 

Thanks for listening to the Millennial Money Canada Podcast. This Podcast is hosted by Sam Lichtman. You can learn more about Sam here: https://linktr.ee/samlichtman  Today for our trending topic I discuss Crypto, Odell Beckham Junior, Tom Brady and the recent cryptocurrency rise to THE MOON.   Book Recommendation: Trillions by Robin Wigglesworth  For our financial planning topic I am combatting 3 myths around RRSPs.  Myth number 1: RRSPs are useless due to the tax on the back end.   Myth number 2: RRSPs are not as useful as a TFSA  Myth number 3: I can't save much so I am not going to use an RRSP  Link to CPA Canada Source: https://www.cpacanada.ca/en/news/canada/2019-02-05-rrsp-myths  Link to Jamie Golombek: https://www.cibc.com/content/dam/personal_banking/advice_centre/tax-savings/rrsp-myths-en.pdf  Link to Gen Z Survey on Fortune: https://fortune.com/2021/11/18/gen-z-adults-us-millionaires-crypto-investing/ Link to OBJ Article on Crypto: https://www.bloomberg.com/news/articles/2021-11-22/football-star-odell-beckham-jr-to-take-new-salary-in-bitcoin  This is not intended as investment advice, just informational. This is not a solicitation to purchase investments. You should talk to a professional before acting on any financial advice received online.