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14 episodes with rob carrick
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2 episodes with rob carrick
2 episodes with rob carrick
On Wednesday, Trump imposed 25% tariffs on steel and aluminum, with Canada hitting back with counter levies on nearly $30 billion dollars worth of U.S. goods. In response to the ongoing trade war, the Bank of Canada cut its interest rate to 2.75% as the trade war rattles the economy.Between stock market downturns, increasing fears of a recession, and the volatility of U.S. President Donald Trump's on-again-off-again tariffs, Canadians are on edge.As economic unpredictability becomes the norm, a lot of us are feeling nervous about our finances. Today, the Globe's personal finance columnist and host of Stress Test, Rob Carrick, is here. Rob will help us make sense of the recent market downturns, and explain how to protect our money in the months ahead.Questions? Comments? Ideas? Email us at thedecibel@globeandmail.com
What will U.S. tariffs mean for prices at the grocery store? What if you're about to renegotiate your mortgage? Matt Galloway puts your questions about the trade war to personal finance columnist Rob Carrick and economist Armine Yalnizyan.
As Millions of mortgages come up for renewal, we have been getting this question a lot. Fixed or Variable, whats the move for this year? We are joined by financial columnist and fellow Podcast Rob Carrick to discuss. Variable and fixed-rate mortgages are now at par after six BOC rate cuts, with the 5-year bond yield dropping significantly from 3.85% to 2.64% The Bank of Canada is expected to implement two more quarter-point rate cuts by July 2025, bringing the policy rate to 2.50%, with Big 6 banks forecasting even more aggressive cuts to 2.00-2.25% by year-end Market volatility is at levels not seen since 2008, with potential U.S. trade tensions and recession concerns creating an unpredictable rate environment Check out Rob's Website See Rob At the Globe & Mail GET M DDLE SCHOOL EVENT TICKETS Exchange-Traded Funds (ETFs) | BMO Global Asset Management Buy & sell real estate with Ai at Valery.ca Get a mortgage pre-approval with Owl MortgageSee omnystudio.com/listener for privacy information.
If you kicked off 2025 making personal finance resolutions, it can be hard to know where to start. That question is made more difficult when factoring in all the uncertainty around how the tariffs that incoming U.S. President Donald Trump has threatened to enact will affect our economy.Rob Carrick is the Globe's personal finance columnist and co-host of Stress Test, the Globe's personal finance podcast for Gen Z and millennials. He's on the show to talk about what to expect from the year ahead in personal finance, whether you're looking to get on top of your investments, establish an emergency fund, or dip your toe into the housing market.Questions? Comments? Ideas? Email us at thedecibel@globeandmail.com
Rob Carrick is a personal finance columnist with The Globe and Mail. He joined Andrew Carter to talk about the impact of new federal government policies in 2025.
Joining Andrew on the Morning Show were political insider Tom Mulcair, the National Post's Tasha Kheiriddin, CTV Political contributor Evan Solomon, entertainment reporter John Moore, the Globe and Mail's Rob Carrick and ScotiaMcLeod's Arnie Zwaig.
Dr. Sara Grimes, Dawn Kagen Fleming, Makenna Kuzyk, John Moore, Tom Mulcair, Dr. Mitch Shulman, Chris Diamantopoulos, Rob Carrick
As of January 1, 2025, the Canada Revenue Agency has added another $7,000 to the total amount that can be contributed to a tax-free savings account (TFSA). Personal finance columnist with The Globe and Mail, Rob Carrick joined Andrew Carter with some TFSA-related moves to make before the end of the year.
On today's podcast, host Bryan Borzykowski sits down for a special interview with Rob Carrick, The Globe and Mail's personal finance columnist. Rob, who strives to simplify and not complicate in his columns, shares a look at the personal finance topics and trends he's focused on right now, and what you should be paying attention to. Rob and Bryan will also have a segment in our Financial Literacy Month webcast, The Upside+, streaming live on LinkedIn and YouTube at 12:30 pm on Monday November 25. Recorded on November 20, 2024. At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information. For a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.
The online Canadian Financial Summit is coming up the week of October 25-27. It's the #1 personal finance event of the year. As a reader of the Unconventional Wisdom blog, here are your FREE passes for a limited time. With these FREE passes, you can watch all the talks for 48 hours. I'll be one of the speakers again this year with three talks (see below), and I'll be joined by over 35 other Canadian personal finance and investing experts such as Rob Carrick from the Globe & Mail and Ellen Roseman former Toronto Star columnist. Where else will you find all these experts in one place? With your FREE pass, each morning, all the talks for the day will be available to you for 2 days. If you want to access them forever, you can purchase an All Access Pass for $99. My three talks are: Friday, October 25: 7 Best Ideas to Optimize the Smith Manoeuvre The Smith Manoeuvre allows you to convert interest on your mortgage to tax-deductible over time and save for your retirement without using your cash flow, but not many people know about it. Ed Rempel is a fee-for-service financial planner and tax accountant with the best ideas on how to optimize the Smith Manoeuvre. Saturday, October 26: How to Easily Outperform Financial Advisors, Robo-Advisors & Index Investors Many Canadians use financial advisors, robo advisors or invest on their own with index funds. However, there might be an easy way to outperform them all. Ed Rempel is a fee-for-service financial planner and tax accountant with how this is possible. Sunday, October 27: Retiring Right Before, or during, a recession – Debunking Sequence of Returns Risk Many older Canadians fear retiring right before a recession. Ed Rempel, a fee-for-service financial planner and tax accountant who will discuss how you can create a reliable and maximum retirement income for yourself for your golden years. Some more info about the talks: Watch my 3 talks any time in a 2-day period for FREE. It's 100% online so you can stream all the talks right from your computer/tablet/phone. You don't need to go anywhere or buy anything. You can forward this to any of your friends to give them a FREE ticket. See you at the Summit! Here is a LINK to get your passes. Ed
In this episode David chats with Rob Carrick, a personal finance columnist from The Globe and Mail. Rob shares surprising results from his recent survey about inheritances in Canada. They discuss why many Canadians expect to inherit six figures and whether this is realistic. They also talk about how longer lifespans and rising healthcare costs could affect these expectations. Plus, find out how young people's attitudes towards saving and investing are impacted by inheritance expectations. Tune in for great tips on family financial planning and avoiding conflicts over inheritances! For David's book, other resources and more visit www.davidedey.com
A bonus episode for Lately listeners, from the team at Stress Test! Just mention the word “inheritance” and people get their backs up. It's no surprise that people are reluctant to chat about free money. In this episode, host Rob Carrick chats with Julia Chung, a financial planner, about why you shouldn't factor an inheritance into your financial plans. We're also joined by an Edmonton woman whose parents plan to spend every dime in retirement. And an Ontario millennial walks us through whether or not she should take her parents' offer of an early inheritance.Stress Test is the Globe and Mail's personal finance podcast for Gen Z and Millennials.Lately will be back in the feed next, and every, Friday. Questions? Comments? Ideas? E-mail podcasts@globeandmail.com
In today's episode, I talk to a mortgage specialist who loves to educate borrowers on how to shop for the best financing for their income and their needs. Ross Taylor of Ross Taylor Mortgages is a two-time national award winner, specializing in difficult mortgages and first-time home buyers. You can find his financial literacy articles at his website (AskRoss.ca). Here are the top five mistakes he sees home buyers make: 1) They don't pre-qualify themselves for a mortgage with a lender before shopping. 2) They overpay for a house in a hot market, not anticipating that a pre-approved mortgage may not be issued if the house is appraised at a lower value. 3) They underestimate their one-time closing costs -- such as land transfer taxes, PST on high-ratio insurance premiums, adjustments for property taxes and condo fees, utility hookups and moving costs. This CMHC brochure will help you keep track of them all. 4) They underestimate the cost of living in their own home. Mortgage payments, property taxes and condo fees are the obvious ones. But then there is also heating, hydro, water, cable, internet and home insurance. 5) They sign up for a five-year fixed-rate mortgage with a major bank. This means they may be setting themselves up for very large prepayment penalties if they have to break the mortgage before the term is up. This can wreak havoc on your finances. It's vital to understand your lender's mortgage prepayment penalty before you sign up. In this episode, I ask Ross Taylor about a number of issues he's written about at his site: -- How to find money for your mortgage renewal when interest rates have soared. Should you consider cashing in your savings, such as RRSP or RESP assets? Should you think about selling your property in order to downsize to something smaller you can buy or to find a lower-priced property you can rent? Here's an article by Rob Carrick of the Globe and Mail on a Vancouver couple who engineered a sale of their four-bedroom home. Then, with the proceeds from the sale and a cash top-up, they bought a new three-bedroom townhouse in which they could live mortgage-free. -- What are alternative mortgage lenders? -- What are high-ratio mortgages? -- What are common myths about co-signing for a mortgage? -- Should you convert your variable-rate loan to a fixed-rate loan when you can't afford the higher payments? Here is the article Ross wrote about this dilemma.
The 2024 Canadian federal budget has been unveiled, with a particular focus on affordability and housing this year. But the 430 page plan covers a wide gamut of other spending details – from defence, tax hikes, generational fairness and much more. Making sense of it all can be overwhelming.We'll cover all the key points of this year's budget and explain how it will affect your wallet and financial prospects. A team of Globe and Mail journalists – senior political reporter Marieke Walsh, real estate reporter Rachelle Younglai, Report on Business reporter Mark Rendell and personal finance expert Rob Carrick – join The Decibel to explain what you need to know.Questions? Comments? Ideas? Email us at thedecibel@globeandmail.com
As human beings, our brains are wired to solve problems. This can make long-term investment strategies, like passive investing, surprisingly challenging, especially if you're not accustomed to the ups and downs of the market – it can feel pretty unintuitive to stay the course when your instinct is to take more active steps to solve the problem! So, how can investors remain firm in their strategy and not get spooked by market changes? Joining us today to unpack this question is financial journalist, Nicolas Bérubé, whose new book From Zero to Millionaire: A Simple and Stress-Free Way to Invest in the Stock Market serves as a guide to investors on how to grow their wealth and achieve good portfolio diversification at a low cost. We talk with him about the contents of his book, his observations on financial media and its effect on investors, how to stay committed when making long-term investments, and more. We also spend the top half of the show discussing a popular idea we've seen posted by influencers online, namely that investing in stocks will give you a return of 10% or more per year on average, and the flaws in their arguments. Tune in for a deep dive into investor psychology, financial media, and much more! Key Points From This Episode: (0:01:42) A breakdown of the flaws in the trending online theory being posted by influencers claiming that investing in stocks will give you a return of 10% or more per year on average. (0:09:17) Taking a longer-term view of the US stock market (and other global markets), how it's changed in the past 100 years, and what this means for investors today. (0:16:12) Relevant findings from various papers on US and global stock market returns, US stock market valuations, performance, the impact of survivorship bias, and more. (0:27:01) Why it can be so difficult to capture market return as an investor, and a breakdown of how best to approach historical data. (0:33:33) Talking with Nicolas Bérubé about what he learned from his failed options trade before he started studying markets and the research that helped him become a market optimist. (0:38:24) An overview of Indo-American investor, Mohnish Pabrai, and what Nicolas learned from meeting him. (0:41:05) Unpacking the difference between investing in the stock market and playing in the stock market and the importance of having an infinite vision when investing. (0:44:52) How Nicolas would explain the benefits of index funds and index investing to a novice and why behaviour is the number one obstacle to investor outcomes. (0:48:29) The effect of financial media on investors from Nicolas's perspective as a journalist. (0:51:52) Advice on whether to delegate your investment actions to a financial professional or do it yourself ie. automatic transfers using a robo advisor. (0:56:14) What people should be looking for if they do seek out financial advice and Nicolas's opinion on what investors struggle with most. (0:59:58) Aftershow section: future topics for the show, why we're excited to see more of Mark McGrath, updates on our 24 in 24 reading challenge, upcoming meetups, and more. Links From Today's Episode: Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/ Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on X — https://twitter.com/RationalRemind Rational Reminder on YouTube — https://www.youtube.com/channel/ Rational Reminder Email — info@rationalreminder.ca Benjamin Felix — https://www.pwlcapital.com/author/benjamin-felix/ Benjamin on X — https://twitter.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Cameron Passmore — https://www.pwlcapital.com/profile/cameron-passmore/ Cameron on X — https://twitter.com/CameronPassmore Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/ Mark McGrath on LinkedIn — https://www.linkedin.com/in/markmcgrathcfp/ Mark McGrath on X — https://twitter.com/MarkMcGrathCFP 24 in 24 Reading Challenge — https://rationalreminder.ca/24in24 Nicolas Bérubé on LinkedIn — https://www.linkedin.com/in/nicolas-b%C3%A9rub%C3%A9-27b9b111b/ From Zero to Millionaire — https://fromzerotomillionaire.com/ The Motley Fool — https://www.fool.com/ Rob Carrick — https://www.theglobeandmail.com/authors/rob-carrick/ Andrew Hallam — https://andrewhallam.com/ Somebody Feed Phil — https://www.imdb.com/title/tt7752034/ Everybody Loves Raymond — https://www.imdb.com/title/tt0115167/ Shake Shack — https://shakeshack.com/#/ Figure 01 AI Robot Video on LinkedIn — https://www.linkedin.com/feed/update/urn:li:activity:7173681028664901634/ Books From Today's Episode: From Zero to Millionaire: A Simple and Stress-Free Way to Invest in the Stock Market — https://fromzerotomillionaire.com/ The Algebra of Wealth: A Simple Formula for Financial Security — https://www.amazon.com/Algebra-Wealth-Formula-Financial-Security/dp/0593714024 A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing — https://www.amazon.com/Random-Walk-Down-Wall-Street/dp/0393358380 Everyone Believes It; Most Will Be Wrong: Motley Thoughts on Investing and the Economy — https://www.amazon.com/Everyone-Believes-Most-Will-Wrong-ebook/dp/B00655BGBG The One-Page Financial Plan: A Simple Way to Be Smart About Your Money — https://www.amazon.com/One-Page-Financial-Plan-Simple-Smart/dp/1591847559 Setting the Table: The Transforming Power of Hospitality in Business — https://www.amazon.com/Setting-Table-Transforming-Hospitality-Business/dp/0060742763 Papers From Today's Episode: ‘The Equity Premium' — https://onlinelibrary.wiley.com/doi/full/10.1111/1540-6261.00437 Scott Cederburg research: ‘Long-Horizon Losses in Stocks, Bonds, and Bills: Evidence from a Broad Sample of Developed Markets' — https://www.paris-december.eu/sites/default/files//papers/2023/4393_scederburg_2023_complete.pdf Jules H. Van Binsbergen Paper: Is The United States A Lucky Survivor: A Hierarchical Bayesian Approach — https://rodneywhitecenter.wharton.upenn.edu/wp-content/uploads/2020/12/30-20.Wachter.VanBinsbergen.pdf
Join Dave Popowich and Faisal Karmali as they talk to Rob Carrick, Personal Finance Columnist at The Globe and Mail, about a survey showing that parents are now having to help their adult children afford to live in their homes, not just buy them.Also on the show, Rob Cross, Life Coach, Speaker, and Author of Flip Your Thinking to Ignite Your World, discusses how questioning the way you think can help you achieve the life you want.See omnystudio.com/listener for privacy information.
Join Dave Popowich and Faisal Karmali as they talk to Rob Carrick, Personal Finance Columnist at The Globe and Mail, about a survey showing that parents are now having to help their adult children afford to live in their homes, not just buy them. Also on the show, Rob Cross, Life Coach, Speaker, and Author of Flip Your Thinking to Ignite Your World, discusses how questioning the way you think can help you achieve the life you want.
Not all journalists get to live their beat, but Rob Carrick does. His personal finance column in The Globe and Mail is one regular guy's attempt to make sense of the world of money. He's married with two 20-something kids and constantly figuring out ways to spend and invest intelligently. He asks the same questions you would and applies his experience and contacts to get answers. He got his start in financial writing back in the early 1990s when he covered the Bay Street business scene for The Canadian Press wire service. A few years later, he was transferred to CP's parliamentary bureau in Ottawa to cover consumer affairs and, later, the federal Department of Finance. He left CP and joined The Globe and Mail as investment reporter in 1996. He mentioned to his boss at the time that we didn't do much personal finance coverage at The Globe. The paper's Personal Finance column was launched shortly afterwards, with him at the wheel. What a trip it's been for Rob covering personal finance over the years. Rob's seen three bull markets for stocks, a couple of recessions and stock market crashes, one global financial crisis, the incredible rise of the housing market, soaring personal debt loads and an ever-present worry that Canadians aren't saving enough for retirement. Rob knows there's infinite personal finance content available these days online, in print and on TV and radio. Come to Rob for his experience, his willingness to challenge stale consensus thinking and, most of all, his ability to make you say after finishing one of my columns: “Now I understand.” In my interview with Rob, we discuss: His book "How Not to Move Back in With Your Parents” The Bank of Mom and Dad Top mortgage tips for first-time homebuyers Expenses that may surprise first-time homebuyers Why you shouldn't judge a bank by its hyped-up rate The First Home Savings Account (FHSA)
It's hard to believe, but today's episode marks our fifth annual year-in-review episode — where we look back at some of our favourite conversations and takeaways from the past year! If there's one overarching theme that stood out amongst our guests in 2023 it would be the power of purposeful decision-making to impact our future selves. Tuning in, you'll hear our guests' remarkable views on the topic, from the power of regret when it comes to long-term decisions to the ‘hidden partner' that accompanies us in all our decision-making. Another key theme that emerged is how the role of financial advisors is evolving. Key insights include why your financial advisor should collaborate with other advisors, why trust is essential, and how to prepare your children for wealth. We wrap things up with reflective tips on how to identify what your true goals are with a profound lesson on why setting your own scoreboard is essential. Tune in as we share some of our favourite moments from the past year and look back at the incredible guests we've had on the show in 2023! Key Points From This Episode: Our year with the Rational Reminder community: 23 in 23 reading challenge, memorable meetups, live recordings, a shoutout to our community moderators, and more. (0:00:19) Looking back at our conversation with Charles Ellis and Burton Malkiel on why money management is a loser's game and navigating market efficiency. (0:08:42) Pim Van Vliet's insights on the evidence supporting higher expected returns related to certain stock characteristics. (0:16:19) Discussing the relevance (and irrelevance) of dividends and why people tend to view dividends as particularly special, with Professor Samuel Hartzmark. (0:19:42) Our conversation with Will Goetzmann on the value of very long-term data and why historical data is still relevant today. (0:24:58) Nobel laureate, Robert Merton's insights on putting together a long-term asset mix and taking into account your time horizon. (0:32:35) Highlights from our conversation with Professor Francisco Gomes on how asset allocation should (and should not) change over the lifecycle. (0:39:14) Our second interview with David Blanchett on how regret informs our long-term decisions and Daniel Pink's insights on optimizing for future regret. (0:43:58) Hear from Charles Ellis on the most under-appreciated action that every investor should take to be more successful. (0:50:50) Making decisions on personal finance and John Cambell's insights on how household beliefs tend to differ. (0:51:53) Professor Ralph Keeney on why decision-making is the only purposeful way you can influence anything in your life. (0:54:54) Input from Cass Sunstein on the extensive research he's done on decision-making and how acquiring more information can help your decisions. (0:59:25) We hear from Professor Eric Johnson about the ‘hidden partner' that accompanies us when we make decisions and Cass Sunstein explains when we should update our beliefs. (01:03:09) Professor James Choi shares his profound insights on why financial decisions are not always explained by economic theory. (01:10:26) Unpacking the effect of overconfidence on our decision-making with Itzhak Ben-David, along with his key ideas on miscalibration. (01:12:53) Answering the question “How good are we at understanding our future selves?” with Hal Hershfield. (01:17:20) Our conversation with Meir Statman on the third generation of behavioural finance and what that means for decision-making and advice. (01:21:13) Dr. Preet Banerjee's research and insight on the value of having a financial plan. (01:23:48) Talking with YouTuber, Darin Soat, about the struggle to find high-quality financial information online and understanding YouTube as an entertainment-first platform. (01:25:02) Harold Geller on how to determine whether your advisor is properly understanding you and Robert Merton's thoughts on how he views the role of financial advisors. (01:28:27) We hear from Dr. Preet Banerjee on the business of financial advice and how it has changed over time. (01:35:02) Victor Haghani and James White on the topic of intergenerational billionaires and why there are fewer than you might expect. (01:39:21) An update from Rob Carrick on the state of financial planning for the average Canadian in 2023. (01:44:09) Juhani Linnainmaa unpacks the impact of financial advisors on decision-making and the challenges of choosing a financial advisor. (01:48:48) Dr. James Grubman on identifying a financial advisor who understands the importance of Wealth 3.0, why collaboration is key, and how to prepare children for wealth. (01:51:21) A final takeaway from Shane Parrish on taking stock of your year and how to determine what your true goals are. (02:02:28) Links From Today's Episode: Episode 234: Prof. Robert C. Merton — https://rationalreminder.ca/podcast/234 Episode 236: Harold Geller — https://rationalreminder.ca/podcast/236 Episode 238: Prof. Ralph Keeney — https://rationalreminder.ca/podcast/238 Episode 240: Prof. Eric J. Johnson — https://rationalreminder.ca/podcast/240 Episode 244: Charles D. Ellis — https://rationalreminder.ca/podcast/244 Episode 246: Daniel H. Pink — https://rationalreminder.ca/podcast/246 Episode 248: Prof. William Goetzmann — https://rationalreminder.ca/podcast/248 Episode 250: Prof. John Y. Campbell — https://rationalreminder.ca/podcast/250 Episode 252: Prof. Burton Malkiel — https://rationalreminder.ca/podcast/252 Episode 254: David Blanchett — https://rationalreminder.ca/podcast/254 Episode 256: Prof. Hal Hershfield — https://rationalreminder.ca/podcast/256 Episode 258: Prof. Meir Statman — https://rationalreminder.ca/podcast/258 Episode 260: Prof. James Choi — https://rationalreminder.ca/podcast/260 Episode 262: Prof. Francisco Gomes — https://rationalreminder.ca/podcast/262 Episode 264: Pim van Vliet — https://rationalreminder.ca/podcast/264 Episode 266: Prof. Cass Sunstein — https://rationalreminder.ca/podcast/266 Episode 268: Itzhak Ben-David — https://rationalreminder.ca/podcast/268 Episode 269: Preet Banerjee — https://rationalreminder.ca/podcast/269 Episode 270: Victor Haghani and James White — https://rationalreminder.ca/podcast/270 Episode 272: Rob Carrick — https://rationalreminder.ca/podcast/272 Episode 273: Professor Samuel Hartzmark — https://rationalreminder.ca/podcast/273 Episode 275: Live from Future Proof 2023 with Hal Hershfield — https://rationalreminder.ca/podcast/275 Episode 276: Darin Soat — https://rationalreminder.ca/podcast/276 Episode 278: Juhani Linnainmaa — https://rationalreminder.ca/podcast/278 Episode 280: Shane Parrish — https://rationalreminder.ca/podcast/280 Episode 282: James Grubman — Episode 224: Scott Cederberg — https://rationalreminder.ca/podcast/224 Winning the Loser's Game: Timeless Strategies for Successful Investing — https://www.amazon.com/Winning-Losers-Game-Strategies-Successful/dp/1264258461 A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing — https://www.amazon.com/Random-Walk-Down-Wall-Street/dp/0393358380 Your Future Self: How to Make Tomorrow Better Today — https://www.halhershfield.com/yourfutureself A Wealth of Well-Being: A Holistic Approach to Behavioral Finance — https://www.amazon.com/Wealth-Well-Being-Holistic-Approach-Behavioral/dp/1394249675 Strangers in Paradise: How Families Adapt to Wealth Across Generations — https://www.amazon.com/Strangers-Paradise-Families-Wealth-Generations/dp/0615894356 Wealth 3.0: The Future of Family Wealth Advising — https://www.amazon.com/Wealth-3-0-Future-Family-Advising/dp/B0C9SHFSGM Clear Thinking: Turning Ordinary Moments into Extraordinary Results — https://www.amazon.com/Clear-Thinking-Turning-Ordinary-Extraordinary/dp/0593086112 30 Lessons for Living — https://www.karlpillemer.com/books/30-lessons-for-living/ Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/ Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on X — https://twitter.com/RationalRemind Rational Reminder on YouTube — https://www.youtube.com/channel/ Rational Reminder Email — info@rationalreminder.caBenjamin Felix — https://www.pwlcapital.com/author/benjamin-felix/ Benjamin on X — https://twitter.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Cameron Passmore — https://www.pwlcapital.com/profile/cameron-passmore/ Cameron on X — https://twitter.com/CameronPassmore Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/ Mark McGrath on LinkedIn — https://www.linkedin.com/in/markmcgrathcfp/ Mark McGrath on X — https://twitter.com/MarkMcGrathCFP
Managing personal finances while navigating 2023′s economic landscape is stressful, especially for young people. Is now the time for a down payment for a home? How do you even begin saving with sky-high rents? Where is the safest place to begin investing?Listeners asked these questions (and more) to The Globe's personal finance columnist Rob Carrick, who spoke to Decibel host Menaka Raman-Wilms in a Globe Campus virtual event. We answer the most pressing queries to help you get a better handle on your money.Questions? Comments? Ideas? Email us at thedecibel@globeandmail.com
Navigating rising housing and grocery prices, managing bills, and dreaming of homeownership by 30? Wondering if retiring at 65 is still feasible? The financial roadmap has shifted from what our parents and grandparents once knew.The art of financial multi-tasking—juggling multiple financial goals simultaneously—can be a game-changer. It allows you to steadily chip away at your financial milestones, ensuring you're not just focused on one, but making progress across the board.In this episode of Smart Advice, Globe and Mail personal finance columnist Rob Carrick offers a real-world view of modern finance. Drawing from over three decades of personal financial experience, he understands the evolving milestones of today, different from yesteryears.Join us to explore whether you should still chase the financial dreams of previous generations or carve out your own path.Resources· The Stress Test Podcast· Carrick on Money· Financial advice for every step of the way available on CIBC Smart Advice· Connect with Rob Carrick on: LinkedIn | Twitter | Website | Globe and Mail
The storage industry is great if you run a franchise but not so great if you are the one renting it. Rob Carrick, personal finance columnist for the Globe and Mail gives us his experience and why he said goodbye to his storage unit. Follow Rob on X(Twitter) and have a listen to his podcast, Stress Test.
The high cost of extra stuff. The Globe and Mail's personal finance columnist Rob Carrick is here to tell us why he decided to say goodbye to his family's storage unit. Then, the best free personal finance courses in Canada. Lisa Hannam, executive editor at MoneySense.ca takes us through some of them. And, what mindfulness has to do with your investments. Financial Adviser Jonathan K. DeYoe tells us about his book Mindful Investing: Right Focus, Better Outcome, Greater Well-Being. Plus, all you need to know about the Unused Housing Tax with Jason Heath, financial planner at Objective Financial Partners Inc. To find out more about the guests check out: Rob Carrick: X(Twitter) | Stress Test Lisa Hannam: ca | X(Twitter) | Facebook | Instagram Jonathan K. DeYoe: money | X(Twitter) | Instagram | Facebook | YouTube | LinkedIn Jason Heath: com | X(Twitter) | Facebook Bruce Sellery is a personal finance expert and best-selling author. As the founder of Moolala and the CEO of Credit Canada, Bruce is on a mission to help you get a better handle on your money so you can live the life you want. High energy & low B.S., this is Moolala: Money Made Simple. Find Bruce Sellery at Moolala.ca | Twitter | Facebook | LinkedIn
The Canadian Financial Summit is the #1 personal finance event of the year. And we're only one week away! Once again I'll be one of the speakers this year with three talks, and I'll be joined by over 35 other Canadian personal finance and investing experts such as Rob Carrick from the Globe and Mail, Ellen Roseman former Toronto Star columnist, and Jonathan Chevreau from MoneySense & Financial Independence Hub. As a listener of the Unconventional Wisdom podcast, you can get your FREE passes for a limited time here: FREE Pass www.edrempel.com/summit With your FREE pass, each morning, all the talks for the day will be available to you for a few days. If you want to access them forever, you can purchase an All Access Pass for $89. My three talks are: Thursday, October 19: Smith Manoeuvre in a Financial Plan & the New OSFI rules Friday, October 20: Dividend Investing Perfected with Self-Made Dividends All Access Pass Members ($89 upgrade) How to Design Your Retirement Income: An Overview Listen to my podcast episode to get a sneak peak into what I'll be talking about. Some more info about the talks: It's 100% online so you can stream all the talks right from your computer/tablet/phone. You don't need to go anywhere or buy anything. You can forward this to any of your friends to give them a FREE ticket. Here is your Free pass. See you at the Summit! FREE Pass www.edrempel.com/summit
In this episode, we welcome back one of Canada's most trusted and widely read financial experts to discuss the state of Canadian personal finance. Rob Carrick is a columnist for The Globe and Mail, where he has brought his boots-on-the-ground perspective to readers for more than 20 years. He also co-hosts the Stress Test Podcast, where regular Canadians offer real-life perspectives on the biggest stress tests that their personal finances face in the wake of COVID-19. Tuning in, you'll find out which issues are at the forefront of Rob's readers' lives. Next, he shares his perspective on GICs and ETFs and draws a comparison between affordable housing today and the mutual fund market of 20 to 30 years ago. We talk about the lack of comprehensive advice that Canadians are receiving from their planners, the state of affordable housing in the country, and why so many Canadians say they are giving up on home ownership altogether. We also compare housing returns to the stock market and discuss successfully using a reverse mortgage, the non-financial challenges faced by retirees, and more. For a comprehensive overview of the state of personal finance in Canada (and some practical advice for protecting yourself and prospering in a challenging economy), don't miss today's episode! Key Points From This Episode: (0:00:19) Introducing today's returning guest, Rob Carrick. (0:02:38) Issues at the forefront of Rob's readers' lives today. (0:04:02) His perspective on GICs, ETFs, and simplification. (0:09:33) Comparing today's EFT Market with the mutual fund market of 20 to 30 years ago. (0:15:24) The lack of comprehensive advice Canadians are receiving from their planners. (0:20:03) Rob's perspective on affordable housing, as outlined in his Globe and Mail article. (0:24:52) Why a growing number of adults continue to live with their parents into adulthood. (0:28:48) Reasons that many Canadians say they are “giving up on home ownership.” (0:31:44) Housing returns in comparison to the stock market. (0:35:13) Successfully using a reverse mortgage. (0:37:28) Some of the non-financial challenges faced by retirees. (0:41:06) The number of parents supporting their adult children today. (0:45:03) How adult children are pitching in to support their parents. 0:49:06) Rob's advice for educating the next generation on financial planning. Links From Today's Episode: Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/ Shop Merch — https://shop.rationalreminder.ca/ Join the Community — https://community.rationalreminder.ca/ Follow us on X — https://twitter.com/RationalRemind Follow us on Instagram — @rationalreminder Benjamin on X — https://twitter.com/benjaminwfelix Cameron on X — https://twitter.com/CameronPassmore Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/ Mark McGrath on X - https://twitter.com/MarkMcGrathCFP Mark McGrath on LinkedIn - https://www.linkedin.com/in/markmcgrathcfp/ Rob Carrick — http://robcarrick.ca/ Rob Carrick on X — https://twitter.com/rcarrick Rob Carrick Email — carrick@globeandmail.com Stress Test Podcast — https://www.theglobeandmail.com/stress-test/ Carrick on Money — https://www.theglobeandmail.com/carrick-on-money/ The Globe and Mail — https://www.theglobeandmail.com/ ‘Young adults are giving up on home ownership, and a lot of them are furious about it' — https://www.theglobeandmail.com/investing/personal-finance/article-young-adults-are-giving-up-on-home-ownership-and-a-lot-of-them-are/ How Not to Move Back in With Your Parents – https://www.amazon.com/How-Move-Back-Your-Parents/dp/038567192X Wealthsimple — https://www.wealthsimple.com/ Episode 39 — https://rationalreminder.ca/podcast/39 Episode 172 — https://rationalreminder.ca/podcast/172
Multi-generational living in your 20′s and even 30′s has become common as young adults deal with unaffordable housing rates across Canada. And more than half of parents surveyed by the Globe and Mail say their adult kids pay rent while they live at home.Rob Carrick, the Globe and Mail's personal finance columnist, joins us to discuss his recent survey on parents charging their adult kids for rent and trends we are seeing when it comes to multi-generational homes.Questions? Comments? Ideas? Email us at thedecibel@globeandmail.com
Today we're shining a light on personal finance trends for Canadians, with a special guest expert on the topic, Rob Carrick, journalist, author and podcast host. Rob is personal finance columnist at The Globe and Mail, and has spent 27 years with them. His in-demand insights can be found in his newsletter “Carrick on Money”, available twice weekly. Rob joins host Bryan Borzykowski to share the personal finance topics and trends he's focused on right now and in the months ahead. Recorded on June 21, 2023. At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information. For the second year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2022 Environics' Advisor Digital Experience Study.
Canada's household debt is really high. In fact, we outrank France, Italy, the UK and even the U.S. And while, the debt load is high for Canadians of every age group, one particular generation stands by owing over $600,000 on average.Rob Carrick is The Globe and Mail's personal finance columnist. He's on the show to explain why Canadians owe so much and how over-indebted Canadians should be thinking about their finances.Questions? Comments? Ideas? Email us at thedecibel@globeandmail.com
Rob Carrick, Personal Finance Columnist for the Globe and Mail Learn more about your ad choices. Visit megaphone.fm/adchoices
We have two guests joining us for this episode of the Rational Reminder podcast. First up, we have Paul Calluzzo, who is the Assistant Professor of Finance and Toller Family Fellow of Finance in the Smith School of Business at Queen's University in Kingston. Paul joins us today to discuss the findings in his paper, ‘Complex Instruments Have Increased Risk and Reduced Performance at Mutual Funds'. He explains the motivation for the paper, the research it expands upon, and the types of complex instrument allowances it investigates. We discuss reverse causality and find out how complex instrument allowance is related to fund performance and risk, respectively, before hearing Paul's investment advice. For the second half of the show, we are joined by the author of Losing the Signal: The Spectacular Rise and Fall of BlackBerry, Sean Silcoff to discuss the BlackBerry revolution and its subsequent decline, and the film adaptation of the book. Tune in for our guests' insights into best practices for investors and business leaders alike. Key Points From This Episode: • Housekeeping: check out our CE courses and reach out for financial advice. (0:02:25) • An introduction to Paul Calluzzo and our conversation with him about the impact of complex financial instruments on mutual funds. (0:05:20) • The motivation for the paper, ‘Complex Instruments Have Increased Risk and Reduced Performance at Mutual Funds', the research it expands upon, and the types of complex instrument allowances it investigates. (0:07:50) • Reverse causality relating to complex instruments and mutual funds, and the mechanisms that could potentially harm investors in funds using complex instruments. (0:12:37) • How the performance of funds was evaluated in the paper and how the usage of complex instruments evolved throughout the sample. (0:18:12) • How complex instrument allowance is related to fund performance and risk. (0:23:06) • The asymmetry of return patterns in up and down markets. (0:26:11) • Paul's investment advice, in the context of the paper's findings. (0:33:05) • Why complex products are growing despite their poor performance and how research can reach the market. (0:37:05) • A quick recap of episode 39 with Rob Carrick. (0:40:48) • Our brief review of Losing the Signal: The Spectacular Rise and Fall of BlackBerry by Sean Silcoff and Jacquie McNish. (0:41:49) • Sean Silcoff breaks down the BlackBerry revolution and its subsequent demise. (0:44:53) • Insight into the film adaptation of the book and what makes it such a compelling story. (1:04:51) • What business leaders and investors can take away from the BlackBerry story. (1:08:09) • Our after-show roundup! (1:15:12) Participate in our Community Discussion about this Episode: https://community.rationalreminder.ca/t/episode-253-complex-financial-instruments-with-prof-paul-calluzzo-plus-sean-silcoff-on-losing-the-signal-discussion-thread/23482 Book From Today's Episode: Losing The Signal: The Spectacular Rise and Fall of BlackBerry Kindle Edition — https://amzn.to/3OaA5Wa Links From Today's Episode: Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/ Shop Merch — https://shop.rationalreminder.ca/ Join the Community — https://community.rationalreminder.ca/ Follow us on Twitter — https://twitter.com/RationalRemind Follow us on Instagram — @rationalreminder Benjamin on Twitter — https://twitter.com/benjaminwfelix Cameron on Twitter — https://twitter.com/CameronPassmore Paul Calluzzo — https://smith.queensu.ca/faculty_and_research/faculty_list/calluzzo-paul.php Sean Silcoff on LinkedIn — https://www.linkedin.com/in/sean-silcoff-777b0912 Sean Silcoff on Twitter — https://twitter.com/SeanSilcoff 'Complex Instruments Have Increased Risk and Reduced Performance at Mutual Funds' — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2938146
We all have different levels of risk tolerance. But how is that risk measured for complex investment strategies like covered calls? And how can you be sure it's an accurate reflection of reality? For the first portion of today's episode, we provide a detailed breakdown of everything you need to know about covered calls and why there is no perfect model for assessing risk-adjusted returns. We examine how incorrect measures of risk can make covered calls seem more attractive, what investors need to know about covered calls, and the fees, costs, and taxes you should be considering with these types of strategies. Next, we are joined by lifelong friends and colleagues Jonathan Hollow and Robin Powell to discuss their new book How to Fund the Life You Want: What everyone needs to know about savings, pensions and investments. They describe how their shared passion for financial education motivated them to write their book, before explaining how readers can best use the accompanying workbook to identify and reach their financial goals. Robin and Jonathan then go on to share their advice on day-to-day money management, finding a trustworthy advisor, and why it's never too early to teach your child about money. Tune in for a detailed breakdown of covered calls and how to make informed decisions about your investments and finances! Key Points From This Episode: An introduction to the concept of covered calls. (0:02:41) The definition of covered calls, how risk can be measured incorrectly to make covered call strategies look more attractive, and why risk can never be destroyed. (0:04:22) A breakdown of the assets involved in covered calls and why their yields can be misleading. (0:07:00) Why there is no perfect model for assessing risk-adjusted returns and what can be learned from looking at investors through a behavioural lens. (0:16:19) An overview of why fees, costs, and taxes are major considerations for these types of strategies. (0:20:15) Introducing Robin Powell, Jonathan Hollow and their new book How to Fund the Life You Want. (0:25:08) Jonathan and Robin's long friendship, their shared interest in financial education, why they saw a need for their book, and how readers can get the most out of their workbook. (0:30:45) Insight into the six rules that Robin and Jonathan outline in their book and the eight keywords that they set up for managing money day to day. (0:35:07) Advice on how to keep up with finance news, including what you should pay attention to and what you can ignore. (0:40:37) The importance of a day-to-day savings habit and suggestions on what kids should be taught about money. (0:43:20) Advice on how to find a first-rate advisor based on your needs and what questions you need to be asking of them. (0:49:54) How your financial advisor should act as your financial bodyguard and complement your weaknesses. (0:56:02) Ben and Cameron share news about their next podcast appearances, Rational Reminder education courses for financial advisors, and upcoming meetups. (0:57:43) Learn about the webinars that Ben and Cameron have been hosting and how you can sign up. (01:03:00) Links From Today's Episode: Robin Powell on LinkedIn — https://www.linkedin.com/in/robinpowell/ Jonathan Hollow on LinkedIn — https://www.linkedin.com/in/jonathanhollow/ How to Fund the Life You Want: What everyone needs to know about savings, pensions and investments — https://www.amazon.co.uk/dp/1399404601/ Covered Calls — https://www.investopedia.com/terms/c/coveredcall.asp Episode 27: Robin Powell: Evidence Based Investing: Changing the Minds of Advisors and Investors — https://rationalreminder.ca/podcast/27 Patrick Boyle on YouTube — https://www.youtube.com/c/PatrickBoyleOnFinance Sharpe Ratio — https://www.investopedia.com/terms/s/sharperatio.asp Sortino Ratio — https://www.investopedia.com/terms/s/sortinoratio.asp S&P 500 — https://www.spglobal.com/spdji/en/indices/equity/sp-500/#overview Episode 167: Prof. Hersh Shefrin: Fear, Hope, and the Psychology of Investing — https://rationalreminder.ca/podcast/167 ‘Behavioral Aspects of the Design and Marketing of Financial Products' — https://www.jstor.org/stable/3665864 Episode 171: Prof. Campbell R. Harvey: The Past and Future of Finance — https://rationalreminder.ca/podcast/171 ‘Portfolio Performance Manipulation and Manipulation-Proof Performance Measures' — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=302815 Adviser 2.0 — https://www.advicereinvented.com/ Sensible Investing — https://sensibleinvesting.tv/ Financial Times — https://www.ft.com/ Rob Carrick — https://www.theglobeandmail.com/authors/rob-carrick/ The Globe and Mail — https://www.theglobeandmail.com/ The Money and Meaning Show — https://podcasts.apple.com/us/podcast/the-money-and-meaning-show/id1449894787 The Most Hated F Word — https://themosthatedfword.com/ New Self-Regulatory Organization of Canada — https://www.newselfregulatoryorganizationofcanada.ca/ FP Canada — https://www.fpcanada.ca/ Rational Reminder Continuing Education — learn.rationalreminder.ca PWL Capital — https://www.pwlcapital.com/ PWL Capital on YouTube — https://www.youtube.com/c/Pwlcapital-Montreal/videos IAFP Symposium — https://iafpsymposium.ca Burt Malkiel — https://jrc.princeton.edu/people/burton-g-malkiel David Blanchett — https://www.davidmblanchett.com/ Meir Statman — https://www.scu.edu/business/finance/faculty/statman/ Nick Maggiulli — https://www.linkedin.com/in/nicholasmaggiulli/ Jill Schlesinger — https://www.jillonmoney.com/ Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/ Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on YouTube — https://www.youtube.com/channel/ Rational Reminder Email — info@rationalreminder.ca Benjamin Felix — https://www.pwlcapital.com/author/benjamin-felix/ Benjamin on Twitter — https://twitter.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Cameron Passmore — https://www.pwlcapital.com/profile/cameron-passmore/ Cameron on Twitter — https://twitter.com/CameronPassmore Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/
The Canadian federal government unveiled its 2023 budget on Tuesday, which sets the economic strategy and tone for the next fiscal year. There's a lot packed into this document, ranging from measures to help with inflation to an expansion of the national dental plan to investment incentives to help us transition to a greener economy. But how will this budget really impact you?The Globe and Mail's Ottawa bureau – Deputy Ottawa bureau chief Bill Curry, personal finance columnist Rob Carrick, senior political reporter Marieke Walsh and senior Parliamentary reporter Steven Chase – join the podcast, five minutes at a time, to break down the key takeaways of this year's budget.Questions? Comments? Ideas? Email us at thedecibel@globeandmail.com
Rob Carrick, personal finance columnist, Globe and Mail. Learn more about your ad choices. Visit megaphone.fm/adchoices
Financial Literacy Expert & Consumer Advocate Ellen Roseman talks about being BLOCKED by Suze Orman and Dave Ramsey, her Montreal roots, moving from covering Women's Wear to Business at Maclean-Hunter, going from The Toronto Star to The Globe & Mail [and back to The Star], her initial feedback to David Chilton's draft for The Wealthy Barber [“Where's the beef?? You are no John Le Carre!”], interviewing Mr Wonderful Kevin O'Leary, hiring Rob Carrick at The Globe & Mail, whether she is friends/enemies/frenemies with fellow consumer advocates Sean O'Shea & Pat Foran, and her thoughts on The Star's path to profitability ‘post-divorce.' TORONTO LEGENDS is hosted by Andrew Applebaum. All episodes available at www.podpage.com/toronto-legends/episodes/ Learn more about your ad choices. Visit megaphone.fm/adchoices
People under 40 are moving because their city is unaffordable. Globe and Mail personal finance columnist Rob Carrick tell us why he thinks young people should thinks hard about where they live because studying hard and a good career may not be enough
The Bank of Canada announced a 0.5 percentage point rate hike on Wednesday. It's the sixth consecutive increase in the past year alone. These increases have made borrowing more expensive and saving more difficult for Canadians.With all this economic uncertainty, The Decibel hosted a conversation live on Twitter with three personal finance experts to talk about how young people should prepare to weather this storm. Rob Carrick, Erica Alina and Melissa Leong talk mortgages, savings and their key piece of personal finance advice for young people who may be feeling anxious.You can listen to the full Twitter space conversation here.Questions? Comments? Ideas? E-mail us at thedecibel@globeandmail.com
Indigenous people are over-represented in Canada's federal prisons. One in three men in federal prisons identify as Indigenous, and the number is 50 per cent for women prisoners.Officials have long said that healing lodges – minimum-security rehabilitation centres for Indigenous people – work, but there are only 10 in Canada. And while politicians pledge to build more, they haven't in recent years. Reporter Patrick White discusses what's behind the delay.Join host Menaka Raman-Wilms for a conversation live on Twitter this Wednesday, October 26th, at 2pm ET. She'll be chatting with the Globe's personal finance reporter Erica Alini, Globe columnist Rob Carrick and money expert Melissa Leong about the latest interest rate hike from the Bank of Canada and what it means for young people's money. We'll cover rent, saving, debt and investing with practical tips you can use.Questions? Comments? Ideas? Email us at thedecibel@globeandmail.com
What is going on in the United Kingdom? Deb Hutton breaks down Liz Truss' resignation after a tumultuous, short-lived term. On today's show: Rob Carrick, a personal finance columnist for The Globe and Mail, on whether renting or owning is worse for your finances. Then, we take your calls. Annie Bergeron-Oliver, a reporter for CTV National News' Parliamentary Bureau, provides an update on the Emergencies Act inquiry. Evelyn Korkmaz, a St. Anne's Residential School survivor, on the Supreme Court refusing to hear an appeal from survivors. Overhyped v. Underplayed with Bob Reid, a veteran communications advisor. Jill Rutter, a Senior Fellow at the Institute for Government, a London-based think tank looking at government effectiveness, on Liz Truss' resignation. Sean McCann, founding member of the folk rock band Great Big Sea, on being invested into the Order of Canada for his mental health advocacy. Riskin It All with Dan Riskin, CTV science and technology specialist.
Today I have Brandon Beavis on the show who runs one of, if not THE largest YouTube channels on investing, specifically for Canadians. He has over 187,000 subscribers, and also runs the channel with his dad who has decades of financial planning experience here in Canada. Since Brandon and I have each been optimizing our finances and investments for so long, and since we each specialize in this, we thought it would be fun to do a collaboration where we each share how we've optimized our investments and finances so that everybody watching on his channel and listening on my podcast can get two different perspectives and ways of doing things. Then you can pick and choose whatever you think is a better fit for you, and what you think will have the biggest impact on your finances. Come join me at the Canadian Financial Summit: Before we get into the show, I wanted to invite you to join me, for free, at the Canadian Financial Summit this year. It's a fully online educational event, you can stream all the talks for free, it starts this October 12, 2022, and you can get free tickets to stream the talks for free over at BuildWealthCanada.ca/summit. We have over 35 speakers this year, there are already over 22,000 Canadians registered for the event, and we'll be covering investing, real estate, financial planning, early retirement, and much more. We've got some really high-profile guests again this year including Brandon Beavis and Benjamin Felix who each run one of, if not the largest YouTube channels in Canada on investing. We have Rob Carrick from the Globe and Mail, many of the top writers from MoneySense are presenting, along with some of the largest Canadian personal finance bloggers and writers like Robb Engen, Mark Seed, Ed Rempel, Jason Heath, and many more. Here's the link for your free tickets: BuildWealthCanada.ca/summit. I hope to see you there! And now, let's get into the interview.
Just when you thought pandemic-related financial challenges were ending, we have a new plot twist: the threat of a recession. The Globe's personal finance podcast for Gen Z and millennials is back to help make sense of it all. Join hosts Rob Carrick and Roma Luciw this season as they tackle the cash crunch many Canadians are facing when it comes to things like housing and dating, and provide practical advice to help you navigate rough economic waters.
Today I have one of, if not THE largest financial literacy educators in Canada on the show, and we're going to go over some practical tips to deal with this horrific inflation that we've all been experiencing here in Canada. These tips and education covered in the episode are of course, applicable right now as we go through this high inflation period. But, even if you end up listening to this episode years after it's been launched, we made sure that they are still relevant and applicable long term as well. You might have seen our first guest on Dragon's Den, where literally all the dragons were bidding to partner with him. His name is Kevin Cochran and he is the founder of Enriched Academy, which is a company that teaches financial literacy, and does financial coaching for everyday Canadians like you and I. They are also now in many schools across Canada, teaching financial literacy as well. Also from Enriched Academy, we have Arian Beyzaei back on the show. He's one of our really popular past guests, and you might have seen him featured on Financial Post, Globe and Mail, and other news sources. I'm really excited to get things going here as both Kevin, Arian, and myself are actually born in different generations so I thought it would be fun and insightful to have the 3 of us on, as that way you get a unique perspective, no matter which age group you fall into. Free Tickets to the Canadian Financial Summit: Before we get into the show, I wanted to invite you to join me, for free, at the Canadian Financial Summit this year. It's a fully online educational event, you can stream all the talks for free, and it starts this October 12, 2022 (so only a few days away). You can get free tickets to stream the talks for free over at: buildwealthcanada.ca/summit We have over 35 speakers this year, there's already over 20,000 Canadians registered for the event. We'll be covering investing, real estate, financial planning, early retirement, and much more. We've got some really high-profile guests again this year including Brandon Beavis and Benjamin Felix who each run one of, if not the largest YouTube channels in Canada on investing. We have Rob Carrick from the Globe and Mail, many of the top writers from MoneySense and some of the largest Canadian personal finance bloggers and writers like Robb Engen, Mark seed, Ed Rempel, Jason Heath, and many, many more. I hope to see you there! Here is the link again for the free tickets: buildwealthcanada.ca/summit Resources Mentioned: The free assessment call mentioned on the episode is available here: buildwealthcanada.ca/call The Ultimate Phone Script PDF is available for free download here: buildwealthcanada.ca/script Questions Covered: What is the dynamic of inflation and interest rates? What is the right mindset for Canadians to help them through these challenging times without creating stress and harm to themselves? What are some defensive financial strategies to help Canadians get through these times? What are some financial strategies to help Canadians thrive during these challenging times ie. Investments?
There's no escaping the fact that the average Canadian is getting older. With Canadians aged 55 to 64 now outnumbering those aged 15 to 24, our country's future is looking very different. If you're wondering how this all affects your own future with respect to retirement plans, you are most definitely not alone. Rob Carrick of the Globe and Mail is one of Canada's most trusted and widely read financial experts, and he joins us on this episode to discuss how these changing demographics are affecting the personal finance and retirement strategies of Canadians young and old. Additional resources: CPA Canada Financial Literacy Resources Mastering Money Conference 2022 Money and the World Virtual Conference 2022 Canada's Working-Age Population Is Older Than Ever, StatsCan Says Statistics Canada-Older Adults And Population Aging Statistics Canada-Life Expectancy and Deaths Stress Test Download transcript This episode is part of our podcast series focusing on retirement planning for Canadians at every stage of life and building the confidence needed to take on the money conversations we need to have. This episode is made possible by the generous support of our national development sponsor, Canada Life. The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.
Welcome back to Calgary Connects. Today's episode features Rob Carrick, personal finance columnist with the Globe and Mail. Rob joins Matthew to speak about enduring themes in personal finance, housing, inflation, retirement planning, and what's changed in personal financial planning as a result of the pandemic. Rob has been writing about personal finance, business, and economics for close to 30 years. He joined The Globe and Mail in late 1996 and quickly recognized the paper's need for more coverage of personal finance. He's been writing about investing and personal finance ever since.
Today we're bringing you an episode of Stress Test, a Globe and Mail podcast about personal finance, hosted by Rob Carrick and Roma Luciw.We're talking retirement – why it's changing, and how to plan for it. We hear from Vicky (25), Irina (34) and Brent (36), who each have different visions of retirement and what they're doing – or not doing – to plan for it right now. Plus, Rob speaks with Shannon Lee Simmons, a Toronto-based certified financial planner whose core clients are millennials and Gen Z, about shifting views of retirement and how you can best prepare.
Today we're bringing you an episode of Stress Test, a Globe and Mail podcast about personal finance, hosted by Rob Carrick and Roma Luciw.Gen Z and millennials are getting a lot of their money advice from TikTok, where personal finance videos have more than 5.8 billion views. In this episode, we look at why the social media platform is resonating, how to use it effectively and what advice you should be wary of on the app. We hear from a 25-year-old TikTok user from Mississauga, Ont., about how he started getting personal finance advice from the platform. Plus, Roma speaks to Ellyce Fulmore, aka @queerd.co, a TikTok content creator from Calgary, Alta. Ellyce, who identifies as queer and neurodivergent, shares how her experience helps her create personal finance advice for audiences traditionally ignored by the financial industry.
As a bonus episode today, we're bringing you an episode of Stress Test, a podcast about personal finance from The Globe and Mail, hosted by Rob Carrick and Roma Luciw.Many millennials and Gen Z's have done everything “right” - they've graduated, found good jobs, are paying off their debt and saving money. So why is it so hard to live the middle class lifestyle their parents and older peers had at their age? In this episode, we hear from Cody, a 33-year-old living in Hamilton, Ont., who is frustrated at not being able to achieve many of his financial and life goals despite being a fiscally responsible adult. Plus, Rob talks to Paul Kershaw, a professor at the University of British Columbia and founder of Generation Squeeze, a group that researches intergenerational fairness, about why many millennials feel like the middle class is dead.
On this April 27th edition of The Drive Podcast: No one likes mosquitos... but have we been overthinking about how to deal with them? Dr. Ken Fry from Olds College joins Ted to discuss turning to nature to deal with the bloodsucking pest. Rob Carrick of the Globe & Mail also joins Ted to discuss a great new way to save money for your children's future. We also dive in to our first new feature on Cannabis with Global Calgary On-Air Contributor Dave McIvor. See omnystudio.com/listener for privacy information.
So much has changed in the last two years including how we work, where we live and what's important to us. But your money matters just as much as it did pre-pandemic – maybe even more. The Globe's personal finance podcast is back this month for its fifth season. Join hosts Rob Carrick and Roma Luciw as they talk with real people and experts to tackle the money questions on your mind. Up this season: the cost of going back to the office, the price of gas versus electric vehicles, the rise of ethical investing and the latest challenges when buying a home.
When it comes to personal finance, 2021 was another year to remember, but not necessarily for the right reasons. Interest rates remained low and government COVID supports continued for the most part. But inflationary pressures hit hard, and Canadian families from coast-to-coast felt the impact from increased prices on everything from vehicles to gasoline and groceries. For the 3rd consecutive year, Rob Carrick of the Globe and Mail joins me to discuss economic and personal finance trends in the year ahead. I ask Rob for his thoughts on government COVID supports, and whether he sees them continuing in 2022. We also chat about the continued rise in house prices, low interest rates, and the impact of inflation on Canadian families in the coming year. You can find the show notes for this episode at https://maplemoney.com/179 Do you prefer to invest in socially responsible companies? If so, our sponsor Wealthsimple will help you build a portfolio that focuses on low carbon, cleantech, human rights, and the environment. To get started with Socially Responsible Investing, head over to https://maplemoney.com/wealthsimple today!
For the end of 2021, we're bringing you an episode of Stress Test, a podcast about personal finance from The Globe and Mail, hosted by Rob Carrick and Roma Luciw.2021 was a year of surprises in personal finance. Who would have thought inflation would take off, housing could get even hotter and that job-hopping would be commonplace amid a global pandemic? So, what's next? In this episode, Rob and Roma ask four personal finance experts - Robb Engen, Preet Banerjee, Erica Alini and Barry Choi - what they'll be watching in 2022. Plus, Rob and Roma share their own thoughts.
In this bonus episode, we're bringing you an episode of City Space, a podcast from The Globe about how to make our cities better.A generation ago, a middle-class income could buy you a detached home in a big city. Now? Folks are finding they need to set their sights further and further away from any downtown centre if they want to hold fast to that dream. But as populations and climate emergencies rise, experts tell us that urban densification is the necessary path forward. So what do cities have to do to retain the middle-class? And how, exactly, does the middle-class break their addiction to personal space and redefine “making it” when it comes to acquiring housing?In this episode, we hear from Jennifer Keesmaat, Toronto's former Chief City Planner and founder of Markee Developments, on why she thinks rental units and high-quality public spaces will do the trick. Plus, Rollin Stanley, former General Manager of Planning for Calgary, details how governments all over the country should get imaginative with their heritage buildings. Finally, we ask Rob Carrick, Personal Finance Columnist at the Globe, about why he's letting millennials off the hook when it comes to housing.
Your favourite personal finance podcast is back for a fourth season. Join hosts Rob Carrick and Roma Luciw as they talk to real people and experts to tackle the money questions that have been on your mind. Coming up this season: what rising inflation means for you, those ‘buy now pay later' options you're seeing everywhere and of course, housing. Listen to the trailer and catch up on previous episodes now.
The eyes of much of the world are on Scotland this week as the COP26 climate conference begins with much anticipation of just what can be accomplished. And they're talking about it all around Scotland too, even in the 13th century cathedral here in Dornoch, Scotland. Which lads to the title of today's episode.And then, has the cashless society finally arrived? Personal finance writer Rob Carrick joins us with his take on something that affects us all.
Today we welcome Rob Carrick back to the show to talk about a range of interesting topics, focusing on the Canadian housing market and some of the recent developments from the banking and investment space. Rob has such a balanced and measured approach, qualities that are visible in his long-standing work at The Globe and Mail. We start today's episode with some fun recommendations of books and TV content, before diving into the meat of our conversation. Rob weighs in on the range of perspectives on whether to rent or buy, offering the assurance that renting is a completely acceptable way to manage your needs and means. He also comments on the utility of robo-advisors, the impacts of the recent banking regulations, and shares his surprise at which of his articles have proved most popular. We always feel like we should have Rob on the show more often, and this episode is such a good argument for that very idea. So, to hear all Rob has to say, be sure to join us today. Key Points From This Episode: This week's book and TV recommendations; Impeachment, Capital, Trillions, and more. [0:00:39.2] A call for applicants here at PWL Capital, and some recent reviews for the show. [0:07:17.7] Looking at an excerpt from Azeem Azhar's book, The Exponential Age. [0:11:45.4] A recent study comparing renting and buying in Canada. [0:18:18.6] Rob's observations on the new banking rules in Canada and what they mean for the advisor community. [0:29:27.2] Thoughts on trends in the banking space and the roles of financial professionals. [0:36:07.1] Canada's adoption of indexing: measuring the speed of changes in the country. [0:38:38.7] The role of robo-advisors and why Rob believes strongly in their value. [0:41:48.5] Rob weighs in on the debate of buying versus renting property. [0:44:39.6] Generational flows of money from boomer parents to millennial and Gen Y children. [0:50:52.3] Rob's message to Canadians feeling like they are stuck renting. [0:54:24.1] Some of Rob's most popular articles from over the years. [0:55:20.7] Lessons from Sweden's housing market and considering Canada's possible future. [0:59:03.6] A round of Talking Sense cards with Rob dealing with most prized possessions, lending, and happiness. [1:02:26.3] Assessing some of Robert Kyosaki's recent comments on a looming crash. [1:08:29.1] The present is exciting in finance; why Rob is enjoying the ride. [1:14:22.5]
A generation ago, a middle-class income could buy you a detached home in a big city. Now? Folks are finding they need to set their sights further and further away from any downtown centre if they want to hold fast to that dream. But as populations and climate emergencies rise, experts tell us that urban densification is the necessary path forward. So what do cities have to do to retain the middle-class? And how, exactly, does the middle-class break their addiction to personal space and redefine “making it” when it comes to acquiring housing?In this episode, we hear from Jennifer Keesmaat, Toronto's former Chief City Planner and founder of Markee Developments, on why she thinks rental units and high-quality public spaces will do the trick. Plus, Rollin Stanley, former General Manager of Planning for Calgary, details how governments all over the country should get imaginative with their heritage buildings. Finally, we ask Rob Carrick, Personal Finance Columnist at the Globe, about why he's letting millennials off the hook when it comes to housing.
IS A RETURN TO AFFORDABLE HOUSING POSSIBLE? FEATURING ROB CARRICK OF THE GLOBE & MAIL
As a bonus, we're bringing you an episode of Stress Test, a podcast about personal finance from The Globe and Mail, hosted by Rob Carrick and Roma Luciw.A lot of people feel uncomfortable negotiating with their boss for a raise and other perks. But if you don't ask, you won't get. And it's definitely a lot easier to save money if you're making more of it. We hear from a group of friends (who tell each other everything) as they discuss their recent experiences asking for a raise. Plus, Roma talks to Hadiya Roderique, who taught negotiation at the University of Toronto's Rotman School of Management and also was a lawyer. She shares her tips on how to make your case like an expert.
As a bonus, we're bringing you an episode of Stress Test, a podcast about personal finance from the Globe and Mail, hosted by Rob Carrick and Roma Luciw. The pandemic ruined many wedding plans. But even before that, a culmination of peer pressure and over-the-top consumerism had pushed the cost of weddings sky-high. It's made some couples ask: What is a wedding worth? We hear from Jasmine, a glamorous but cost-conscious millennial who got married just as the world first shut down during COVID-19. Plus, Karen Cleveland, co-author of the book called The New Wedding Book: A Guide To Ditching All the Rules, talks with Roma about the need to rethink weddings from a personal finance perspective.
**find the video podcast of this episode here: https://youtu.be/NycbXyUOMfw!**In this episode, Alisia Young interviews Dr. Enoch Omololu, DVM, the author of How to Buy a Home in Canada: A Simplified Guide For The First-Time Home Buyer, and the creator of The Savvy New Canadians (see bio below).Resources Recommended by Dr. Enoch Omololu:How to Buy a Home in Canada: A Simplified Guide For The First-Time Home Buyer [book] - https://amzn.to/3xdqTnJ Savvy New Canadians [website] - https://www.savvynewcanadians.com/BONUS - Free guide on how to buy a home [guide] - https://www.savvynewcanadians.com/how-to-buy-a-house-in-canada-step-by-step-guide/Rob Carrick - personal finance column with The Globe And Mail - https://www.theglobeandmail.com/authors/rob-carrick/ratehub.ca - mortgage and real estate calculatorsCMHC - Canadian Mortgage and Housing Corporation - https://www.cmhc-schl.gc.ca/Connect & Contact Dr. Enoch Omololu:Website - https://www.savvynewcanadians.com/contact/Connect & Contact Alisia:Congrats Superwoman: When You've Climbed the Mountain and Still Don't Feel Good Enough - https://amzn.to/3nJcATHEat 'N' Live Free Youtube Channel - https://www.youtube.com/channel/UCQfB...Eat 'N' Live Free Website - www.eatnlivefree.comTeach Me Freedom Contact - teachmefreedom2020@gmail.comInstagram: @teachmefreedom2020Dr. Enoch' Omololu's Bio:Enoch Omololu is a veterinarian and the resident personal finance expert at Savvy New Canadians. He has a master's degree in Finance and Investment Management from the University of Aberdeen Business School and is the author of HOW TO BUY A HOME IN CANADA: A Simplified Guide For The First-Time Home Buyer. Enoch has a passion for helping others win with their finances and he has been featured on several leading Canadian personal finance publications.Connect & Contact Alisia: hello@teachmefreedom.ca Teach Me Freedom Website - www.teachmefreedom.ca Eat 'N' Live Free Website - www.eatnlivefree.com
We've all been trained to think that owning a home is the best long-term investment there is. But are there times when it's better to rent? Scott and his guest, financial expert Rob Carrick debate this long-standing real estate dilemma.Find Rob Carrick on: Website | @rcarrick on TwitterFor more information, join the Real Estate Rebel Facebook group: https://www.facebook.com/groups/685394445535572To stay up to date with the podcast, or to get your hands on some Real Estate Rebel merch: www.ScottMcGillivray.com/RER [017 - Release Date: 2021-06-01] See acast.com/privacy for privacy and opt-out information.
Fewer spontaneous coffees, commuting costs and vacations have left some with a tidy sum in their savings. Personal finance journalists and co-hosts of the Stress Test podcast Rob Carrick and Roma Luciw talk about what to do with new-found savings, the meaning of ‘revenge spending,' and how to stave off FOMO in a post-vaccine world.
Stress Test is returning for its third season of pandemic personal finance. Join The Globe's columnist Rob Carrick and editor Roma Luciw as they delve into more of the topics impacting your wallet one year into COVID-19 lockdowns. On deck this season: negotiating salaries, kiboshed weddings and the thing everyone’s talking about — how hard it is to buy a house. Listen to the trailer and catch up on previous episodes now.
Corey Butler and Shawn Todd enjoy a great podcast with well know Canadian financial journalist and educator - Rob Carrick. A broad discussion on a variety of finance topics including; the rising tide of new investors, ETFs, potential capital gains on homes, crypto, consumer education, financial stress tests, and what are most Canadians experiencing? Connect with Corey, Shawn, and Ecivda Financial on Instagram, FB, LinkedIn, YouTube & Twitter.
We talk to Roma Luciw who along with Rob Carrick co-host the Globe & Mail’s podcast, Stress Test. The podcast takes a look at how the rule of personal finance changed during the pandemic. Check out the podcast and connect with Roma on Twitter.
For many, 2020 has been a year to forget, either from a health standpoint, a financial one, or both. But while most of us are ready to put the year behind us, it's always a good idea to take time to reflect on the good, the bad, and the ugly. Joining me this week for a 2020 Year-In-Review is Rob Carrick, of the Globe and Mail. If you ask me, few Canadians have a better pulse on what's happening with the finances of average Canadians, and the Canadian economy as a whole, which made Rob the perfect guest for this conversation. You can find the show notes for this episode at https://maplemoney.com/132 This episode of The MapleMoney Show is brought to you by Willful. Did you know that 57% of Canadian adults don't have a will? Willful has made it more affordable, convenient, and easy for Canadians to create a legal will and Power of Attorney documents online from the comfort of home. In less than 20 minutes and for a fraction of the price of visiting a lawyer, you can gain peace of mind knowing you've put a plan in place to protect your children, pets, and loved ones in the event of an emergency. Get started for free at https://maplemoney.com/willful and use promo code MAPLEMONEY to save 15%.
Has being in lockdown made your condo feel like a shoebox? Are you thinking about giving up on downtown living for more space in the suburbs? You’re not alone. In today’s episode, we look at the why some young adults are abandoning city living for smaller communities with lower house prices... and more space. We hear from a 34-year-old who left Toronto for a bigger home in southern Ontario’s wine country. Plus, Rob and Roma speak with Pascal Chan, a millennial who works at the Canadian Real Estate Association, about where people are moving, why and what you should think about if you’re considering doing the same.
High rent and house prices have many young Canadians moving in together early to share costs. But what happens when one’s a spender and the other’s a saver? And what if one partner makes significantly more money, or has more debt? In this episode, Rob and Roma discuss how couples can avoid money blowouts. We hear from a 30-something Toronto-based lawyer who started dating his girlfriend during the pandemic. The couple is now looking at options for moving in together. Plus, Rob and Roma speak to Liz Schieck, a certified financial planner who has helped plenty of young couples navigate the pitfalls and challenges of joining their finances.
Credit scores put the personal in personal finance. They’re your entire life as a borrower compressed into one number. But what qualifies as a “good” score, and why do these numbers bounce around all the time? What can be done to improve a bad score? Rob and Roma are back together (but apart) in their makeshift podcast studios (because, well, pandemic) for another season of your favourite personal finance podcast. In this episode they get answers to your credit score questions from Julie Kuzmic of Equifax Canada. Plus, we hear from Keith Emery, the co-CEO of Credit Canada Debt Solutions, about how people wind up with a bad credit score in the first place.
Stress Test is back. Join The Globe’s personal finance team, columnist Rob Carrick and editor Roma Luciw, for another season of delving into the topics that impact the wallets of Canadians between the ages of 20 and 40. Listen to the trailer and season one now and subscribe to get season two in your feed.
Should you move back in with your parents if it makes sense financially? In the last episode of this season, we talk to a 23-year-old who moved back home after COVID-19 left her jobless. Plus, we hear from Rob’s family about what it was like when his 26-year-old son Will moved back home. Rob and Roma revisit Rob’s book “How Not to Move Back in With Your Parents” 10 years later to see what’s changed.
Kids are incredibly cute - and incredibly expensive. Amid soaring housing costs and a precarious job market, how much does the cost of kids factor into your decisions about whether to have them? In this episode Rob and Roma discuss how much money they'll really cost you. We hear from a 33-year-old mother about the hefty price tag of raising four kids. Plus, Roma speaks with money expert Melissa Leong about how to save and what to plan for when you’re deciding to start a family.
Even before the pandemic, debt was a huge problem for Canadians. Between massive mortgages, student loans, lines of credit and credit cards, a lot of us are struggling to pay what we owe and stressed about it. In this episode, Rob and Roma explore our strange relationship with debt and the factors that contribute to it. We hear from a millennial saddled by her debts, and her journey to find a way out. Plus, Roma speaks to Shannon Lee Simmons, a financial planner about tangible steps to manage debt .
Everyone is being impacted by COVID-19, but gig workers are impacted on a whole other level. In the first episode of Stress Test, Rob and Roma speak to a gig worker about her experience looking for a job in her field and what happened when the pandemic hit. Rob speaks to Kathryn Mandelcorn, a certified money coach about her recommendations for gig workers to manage their finances in times of uncertainty. If you are a contract or freelance worker, this episode is for you.
Introducing a new podcast from The Globe and Mail that delves into the topics impacting the wallets of Canadians between the ages of 20 and 40. Join The Globe’s personal finance team, columnist Rob Carrick and editor Roma Luciw, as they guide you through a period in which the basic rules basic rules of managing your money have been tested. Subscribe now to get it in your feed.
How were your finances in 2019? Did you find yourself moving forward, or did you feel a bit stuck? There's a lot that goes into managing money, and making the right decisions is not always easy. Thankfully, my guest this week is here to help. Rob Carrick is a long-time personal finance columnist with The Globe and Mail. He came prepared with a number of great tips that will help you get out of debt and increase your savings in 2020. You can find the show notes for this episode at https://maplemoney.com/robcarrick This week's episode was brought to you by EQ Bank. Did you know? You can now transfer money overseas with TransferWise directly from your EQ Bank Savings Plus account. Not only will you benefit from earning 2.3% interest on your savings, but you'll pay far less for international money transfers. While other banks have a habit of sneaking in markups and extra charges, that's not something you'll have to worry about with EQ Bank. Save money today, visit https://maplemoney.com/eqbank
As we see 2019 out and enter a new decade, we thought it only fitting to do a round-up of some of our shows this year. While we had 26 guests throughout the year, we chose 14 that best captured the sensible investing and education-focused spirit of our show. Some of the guests we have included on this special episode include Rob Carrick, from The Global Mail and leading authority on Canadian personal finance, Alexandra McQueen, a teacher at York University, who offers an explanation on the difference between financial economics and financial planning and Jonathan Clements, who explains why the hardest part of investing is keeping it simple. We also share clips about nipping overconfidence in the bud with Daniel Crosby and the next grand challenge of investing with Dave Nadig. This is just a snapshot of some of the incredibly generous people who have joined us this year. We hope that this show has contributed in some way to educating and helping investors make informed decisions and we are excited for what’s on the horizon. Happy New Year from all of us here at The Rational Reminder! Key Points From This Episode: Rob Carrick’s insights into whether Canadians have a good relationship with money. [0:04:02.0] Moira Somers’ tips on lifestyle changes to decrease financial stress. [0:07:51.3] Why ‘debunking the nonsense’ of financial advice is so important to Barry Ritholz. [0:10:23.0] The difference between financial economics and financial planning. [0:13:10.0] Discover the importance of having a clear belief system when it comes to investing. [0:16:51.0] Criteria other than performance to use to choose a quant fund according to Wes Gray. [0:19:47.0] Why the most difficult part of investing is trusting in simplicity. [0:23:14.0] Learn what has surprised David Butler the most about working with academics. [0:28:56.0] Ben explaining discount rates and factors to his mom. [0:31:58.0] All factors will underperform at some stage so embracing volatility is key. [0:40:14.0] What Jill Schlesinger has found the most common investment blind spots to be. [0:42:54.0] A look at what adverse selection means and how it applies to DIY investors. [0:44:40.0] Find out why Daniel Crosby calls overconfidence the ‘granddaddy’ of investment biases.[0:46:17.0] Even though investing is ‘solved,’ that does not mean people are good investors. [0:44:40.0]
Welcome to another episode of the Rational Reminder Podcast. We kick off the show today with some great listener feedback before diving into the content of a new podcast by Dr. Laurie Santos called The Happiness Lab. In a recent episode of her show, she gets into the idea of human adaptability to fortuitous or catastrophic events. Our capacity to regulate back to a default state has big implications for dreams of greater happiness through wealth acquisition. Next, we move on to three great listener questions, which by the way will be replacing the investment topic segment of the show from now on. We answer questions about the merit of Ray Dalio’s all-weather portfolio, fall back rules for prospective rental property owners, and whether the Smith Manoeuvre is a good move for high-income earners. Next up you’ll hear some fascinating statistics about residential property value in relation to homeownership and income in Canada. Rob Carrick’s article about how tax-free savings accounts are the greatest Canadian financial success story of the century comes under our scrutiny after that. Finally, we end off with our bad advice for the week, in which we discuss the recent protest by investor advocates to speed up the banning process for early withdrawal fee-charging mutual funds. Tune in for your weekly reality check on sensible investing and financial decision-making for Canadians! Key Points From This Episode: Three great reviews from our listeners on iTunes. [0:00:15.0] Human adaptability and how bad we are at predicting our future emotions. [0:03:45.0] Expected returns concerning risk parity and factor investing approaches. [0:06:32.0] Cap rates, leverage, and asset-specific risk regarding investing in real estate. [0:14:02.0] The benefits of the Smith Manoeuvre for those willing to be leveraged investors. [0:20:10.0] Lifecycle investing and why young people should invest in stocks with leverage. [0:23:59.0] Homeownership, income, and residential property value statistics in Canada. [0:25:30.0] Different house prices for middle-income earners across Canada. [0:29:25.0] Statistics about TSFAs such as who has one versus who has an RRB. [0:30:53.0] How to use TSFAs in connection with other investments. [0:32:18.0] Rules and cautions about TSFAs such as why not to pick stocks in one. [0:32:38.0] Good reasons to use TSFAs such as when one has a low income and is young. [0:32:38.0] Why not to buy mutual funds that charge investors early withdrawal fees. [0:38:33.0] And much more! https://rationalreminder.ca/podcast/76
We talk to the Globe & Mail's personal finance columnist, Rob Carrick, on why giving your teen a credit card might be a good thing.
Teens and credit cards: why giving your teen plastic money might just be a good thing with the Globe and Mail’s personal finance columnist Rob Carrick. Then, an online resource that helps you find your family a home near the school of your dreams. Carolyn Keesh, co-founder of SchoolQ is here to tell us how it works. And, Math guru and musician Vanessa Vakharia tells us why math is a musicians best friend. Plus, a trivia game that helps you pay off your student loans with Givling’s chief marketing officer Seth Beard. And, debunking common retirement myths and pitfalls with certified financial planner and money coach, Steve Bridge.
In our first ever episode we speak with Rob Carrick, personal finance columnist for the Globe & Mail, about millennials and their money. We cover everything from the bad, the good, and even get into retirement and home buying. [1:25] Money Makeups and Mess-ups [3:30] Do Millennials have it harder than previous generations? [6:25] 58% of 36 to 54 year olds think millennials are soft [7:30] What are the big financial mistakes among millennials? [9:00] Only 41% of millennials are investing their money [10:30] What are the first steps to starting an investment portfolio? The Real Life Money Launcher [12:15] Common Q&A from Millennials about money [13:15] Should I invest or pay down my student debt? [14:15] How much of a role does FOMO play in a millennials finances? [15:50] The stress of homeownership and renovations [17:15] The financial advantages for Millennials [21:40] The single most important behaviour for financial success [22:30] What should Millennials think about moving forward? rcarrick@globeandmail.com @rcarrick on twitter [23:50] Shower thoughts with Tyler [24:05] Roundtable Review with Justin, Tyler, and Hyder [30:00] End Credits Music by: BeatChemist
How much money are you saving for your retirement? Will it do the job? If you've ever wondered if your money will be working hard enough once you're not, The Globe 's personal finance columnist Rob Carrick will help you get in the right frame of mind.
Rob Carrick has been a journalist for the Globe and Mail newspaper for the past 20 years. In my opinion, he's the best personal finance journalist in Canada. I never feel that he has a hidden agenda or that he's trying to sell me product/service. I feel that his true motive is to help me make better financial decisions and to protect me from the avalanche of misleading information out there.
Today on the show we are joined by Rob Carrick from The Globe and Mail! Rob has been writing about money and investing for almost 30 years and has a wealth of expertise and insight to share on everything from mutual funds to ETFs. In our discussion we cover common questions that Rob encounters, how his views have changed over the years, the parts of his job he has most enjoyed and his thoughts on where we are at right now. Rob comments on the feelings of worry and dissatisfaction that seems to characterize Canadian finances at the moment and talks about the FIRE Movement and lessons for the next generation. For all of this great content and much more, be sure to join on the podcast today! John Robertson's spreadsheet Key Points From This Episode: The most common questions that Rob receives. [0:02:47.8] Rob’s shifting perspective on seeking out an advisor. [0:04:41.5] Why Rob has traditionally enjoyed writing about housing investments [0:07:49.9] The current financial climate and Rob’s take on it. [0:10:14.4] Reasons why current financial worries are justified. [0:13:08.1] The rise in popularity of ETFs. [0:14:50.9] The bad rep that mutual funds have been getting recently. [0:18:37.4] Good practices for parents to teach their children about money. [0:21:42.2] The FIRE Movement and comparing generational attitudes. [0:24:56.6] Rob’s own many practices and who he goes to for advice. [0:30:39.5] How Rob defines success. [0:35:23.5] And much more! For more information or to contact Cameron and Ben, visit pwlcapital.com
The Globe and Mail’s Rob Carrick talks about his 20-year career in financial journalism and how he manages to stay relevant to his readers. Then Dan takes issue with the idea that screening for individual stocks is like building a “personal index fund.” In the Ask the Spud segment, he argues that the market is efficient whether you’re picking growth stocks or betting against the Blue Jays. For complete show notes on Boots on the Ground With Rob Carrick, visit www.canadiancouchpotato.com/podcast.
Today's guest is Alex Grodnik from Wall Street Oasis which easily one of the largest and best sites out there, for anybody looking to have a career on Bay Street or Wall Street. Alex also hosts their podcast which is called “Moving Up”, but what's also really interesting about him is he actually quit his really well-paying job on Wall Street to start his own business, so I thought this would also be a great episode for anybody who's maybe a little dissatisfied with their job, and is considering a career transition. We talk about why he decided to quit, his top advice for somebody looking to earn some money on the side through their own business, how he's learned to handle rejection really well and use that to propel his career, and much more. It was an absolute blast to talk to Alex, the interview went great, and I'm sure you'll like it. In other news, I wanted to tell you about something that's actually pretty time sensitive, and that is that I've been asked to speak again, at the Canadian Financial Summit and I have free tickets for you! This is a fully online personal finance and investing conference, so you don't have to travel anywhere or buy anything. You can just watch the speakers in your pyjamas if you want and stream the talks right from your computer, tablet or phone. This is the biggest conference of its kind in Canada, and has just about every big hitter in the Canadian personal finance space speaking at it. For example, there will be Rob Carrick from the Globe and Mail, Preet Banerjee from CBC's The National, Ellen Roseman from the Toronto Star, Robb Engen from Boomer and Echo, and many more. It's a real honour to be included again in this group of top experts, and for a limited time I have free tickets for you! To get your free tickets, go to buildwealthcanada.ca/tickets, and there you will find the link to the free tickets. Now what they're going to be doing soon, is transitioning to regular paid tickets so if you're even a little bit interested in attending any of the talks, then go to buildwealthcanada.ca/tickets right now, and secure your tickets. I have absolutely no control over how long they'll be letting me give you free access to the tickets so jump on your phone or computer right now to do it so you don't miss out. All they need is your name and email to send you the tickets so it'll literally take you maybe 20 seconds to do. My talk will be on the three pillars that my wife and I used to become financially independent at 32, so I'll be sharing lots of tips and strategies that have worked well for us in the areas of reducing our spending, increasing our income, and how we optimized our investments to pay the lowest fees and tax which let us reach that financial independence number a lot faster. I hope you will join me, and that link again to get your free tickets for a very limited time is buildwealthcanada.ca/tickets. See you there! Kornel
In the fourth episode of the MoneySaver podcast, we speak with Rob Carrick, personal finance columnist for the Globe and Mail. We talk about Boomers, Millennials, your home as an investment, car loans Robo Advisors and a variety of other personal finance topics. Topics: 1:07: How did you get into writing advice columns about money? 2:49: As a contrarian, what do you think about housing as an investment? 3:50: How will rising interests rates will affect Canadians who own homes? 6:18: Do you think Canadians are well-served by their banks? 8:40: How do we teach our kids about money? Is including personal finance as a part of the educational curriculum the answer? 11:45: With regards to investing..what will it take to get Canadians to switch from their love affair with mutual funds to more low cost options like ETFs? 13:25: What is a Robo Advisor? 20:10: Do you follow your own advice when it comes to you and your family? 21:00: So you're not a fan of the budget? 22:04: What do you think of frugality? 24:00: Boomer parents taking away from their retirement to help their children with money. 28:28: Regarding frugality and splurging, what are some of the things that you splurge on? 29:23: Do you save up in advance or use your credit card? 31:38: Have you taught your kids about money? Do they share your attitudes? 31:53: What are your three best tips about what to do with your money? 34:21: Ellen's Tips and Tricks: Car and Home Insurance
For my last episode for season 3, I'm so excited to share this very personal solo episode with you! A lot has happened this year, so much so that I honestly didn't remember it all until I took some time to write everything down. And even then I'm not sure if I got everything. A lot of changes are coming in 2017, which I alluded to in this episode, but I won't be sharing any of that until season 4 in January. So until then, I wanted to spend some time to reflect on all the positive things that have happened in my life and all of the things I've accomplished in 2016. To recap, here are some of the things I mentioned in this episode: I rebranded from Mo' Money Mo' Houses to just me — Jessica Moorhouse. I interviewed some of my all-time favourite money expert: Rob Carrick, Gail Vaz-Oxlade and Bruce Sellery. I launched my Listener Series for the podcast, to allow podcast listeners a voice so they could share their stories and advice for other listeners. I made the most side hustle money I ever had (and I've been blogging for 5 years people!). I started freelance writing again. I was able to finally afford to invest in my business. My husband and I bought our first place together. I've had the most media mentions I've ever had this year. In the month of November alone, I was featured as a personal finance expert on TV, the radio, a print magazine, print newspaper and online. I did two public speaking gigs. I launched the free Rich and Fit Challenge with my business partner Jaclyn Phillips, and got almost 500 registrants. I hosted and organized my first event — the Millennial Money Meetup. My husband and I vacationed in Paris (one of my bucket list destinations!). I had a blast in Portland for a girlfriend's bachelorette party, then went to her beautiful wedding right on the ocean in Vancouver. I got over my fear of talking to people. I got over my fear of being on camera. I made some amazing new friends. I got my NEXUS card. I got life insurance for myself and my husband. My husband and I got a will. My husband and I celebrated 3 years married and 3 years in Toronto. I started my Money. Life. Balance. Facebook group. Ya, that's a lot of stuff! I really do hope that 2017 is a bit less crazy, but I doubt that it will be. One can hope. One thing that did keep me very busy in 2016 though were all the resources I created. I never promote them as much as I should, but I've created some great spreadsheets and checklists to help you with your money or organizing your life. Make sure to check out my resources page to download them for free. Other than that, I'm a bit sad that this is the last episode for the season, but I've got a great season 4 ready for you in 2017. The first episode for season 4 will air on Wednesday, Jan. 11, so make sure to subscribe on iTunes or subscribe to my email list so you don't miss an episode! And again, I know I mentioned this a few times in the episode, but I mean it from the bottom of my heart thank you for your support. Without your kind reviews, comments, tweets and emails, I wouldn't be as motivated to keep making this show better and better. I can't wait to share the new episode I've already recorded for the new season, so until then, have an amazing holiday season, Merry Christmas, and have a fabulous New Years! For more podcast episodes, check out the Podcast page. Shownotes: jessicamoorhouse.com/80
Generation Y and Mindless Home Buying With Special Guest Rob Carrick
Rob Carrick, Personal Finance Columnist for the Globe and Mail helps Kelly break it down
I discuss the biggest money matters for millennials, such as student loan debt, unemployment, going back to school, and buying a house with personal finance columnist Rob Carrick from The Globe and Mail. Long episode description: I was incredibly nervous to interview Rob Carrick from The Globe and Mail for this podcast episode. I’ve been reading his words for years and when it comes to personal finance, he really knows his stuff. But since Rob is such an awesome guy, when I cornered him at the Canadian Personal Finance Conference this past fall and begged him to be on my podcast, he was kind enough to say yes. Highlights from this Episode I love this episode so much because we talked about one of my favourite topics — millennial money matters. As a millennial who’s mission it is to help other millennials understand the core concepts of personal finance so they can take control of their lives and prosper, well it was more than a treat to talk to someone as passionate about educating Generation Y as I am. We start off with discussing two of the biggest downfalls of post-secondary students: budgeting and taking on student loans. The facts are that students don’t budget (hey, I didn’t even know what a budget was when I was in university) and they take on student loans without truly understanding what it means to be indebted. It’s no surprise that most university grads are drowning in debt and don’t know how to manage their money. On top of that, many students are going to university because they believe that’s the right step to take in order to have a successful career down the road. Unfortunately, that’s just not the case anymore, and many graduates are having a hard time finding a job in their field and have to get a professional certificate for an applied skill just to get their foot in the door (myself included). Another big topic we discussed was housing. I wrote a lot about my experiencehouse hunting in Toronto last year, but in the end I backed off and chose to continue renting instead because it just didn’t look like a good investment. It may have been 10 years ago, maybe even 5, but that just isn’t the case anymore. It was for Generation X and the Baby Boomers, but I agree with Rob in believing that more millennials need to proceed with caution when it comes to investing in property. Shownotes: jessicamoorhouse.com/33
Today I'm really excited to have Rob Carrick on the show, who is the main Personal Finance Columnist at the Globe and Mail. Rob is also the author of five personal finance books for Canadians, and all in all is easily one of the most respected and well known personal finance experts here in Canada. Today we'll cover whether you should be putting your savings in an RRSP, a TFSA, or use it to pay down your mortgage quicker (if you have one). We also cover: Where you should be investing your money? Where to keep your money safe if for example, you're saving for a downpayment on a house? What should your priorities be when it comes to debt? What asset allocation should you go with? (ex. stocks vs bonds mix) Links & Resources Covered: Top Tools and Resources for Financial Independence (for Canadians): Sign up anywhere on www.BuildWealthCanada.ca for a free guide on all the top tools and sites that I've personally used to help us achieve financial independence in our early 30s. They're also what we use now to optimize and manage our finances, and ensure that we're paying the lowest fees while getting solid returns on our investments. Kornel's investing course with free sample lessons at www.BuildWealthCanada.ca/invest Rob at the Globe and Mail: http://www.theglobeandmail.com/authors/rob-carrick Rob's Site: http://www.robcarrick.com/ Rob's Books: Rob Carrick's Guide to What's Good, Bad and Downright Awful in Canadian Investments Today How Not to Move Back in With Your Parents: The Young Person's Complete Guide to Financial Empowerment How to Pay Less and Save More For Yourself: The Essential Consumer Guide to Canadian Banking and Investing
Today's guest is Rob Carrick, the personal finance columnist for the Globe & Mail. When the Globe announced they were going to start a financial boot-camp, Rob discovered that the most urgent concern for Canadians is debt, and they told Rob that they are in debt because they can't control their spending. On today’s show Rob talks about debt for both seniors and Gen Y, and he gives is thoughts on why it’s better to save for retirement as compared to paying down your mortgage.
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