In this episode, Eric and Tim discuss the ins and outs of a shared passion – budgeting. They see budgeting as more than a math calculation; they see it as aligning your values with your finances and a means to experiencing peace of mind. They also realize that there are a lot of challenges associated with budgeting, especially in getting started with your first budget. In this episode, Eric and Tim discuss the following topics:   -       Budgeting as a reflection of your values -       Budgeting as a life enhancer – not ..read more

Hey everyone! Sorry for MIA all summer, but we are back! Tim, Eric, and Will were all busy during the summer and had to take a break. It's good to be back recording once again. In this episode we caught up on each other's summer and how each other is doing overall. We touched on the current economic environment in the world and why markets have been dropping recently. A few things we noted were the reduction in fed balance sheets via QT, as well tight macro conditions due to interest rate being so high. It was good to be back! Let us know if there is anything you want to hear about and if y ..read more

In this episode, we take a deeper dive into the newest member of The Financial Classroom Canada, Eric, and learn about his journey to becoming a 6-figure millenial. We interview Eric to discover the challenges he faced, changes he made, lessons learned, and how to avoid the temptation of "Keeping up with the Joneses". During our conversation, we discussed: - Eric's Current net worth, with discussion on asset allocation and the use of separate accounts - The mistakes made along the way - What debt was incurred - Managing Finances with his partner Natalie - Financial Goals for the future - And m ..read more

In this episode, Miro Svoboda returns to discuss the most common questions that he has received from RCMP members about their pension plans. While this is an excellent episode for any member of the RCMP to listen to, it will also be extremely beneficial for anyone else who has a defined benefit pension. Some of the topics discussed include: How is a defined benefit pension calculated? What happens when someone leaves the RCMP because of disability? What benefit is available to the spouse and kids if the pension holder passes away? What happens to a defined benefit pension in the case of a div ..read more

We are back after a little break! In this episode on the Financial Classroom Canada, we talk about a few of the new changes that the Canadian Federal Government has introduced in 2023. We talk about: First Home Savings Account (FHSA) What is it? Government Savings account in which you can put money away for you and/or a partner, to save for the purchase of your first home. Who is it available to? This is available to anyone in which hasn’t personally owned or has a common-law/spouse who’s owned a primary residence within the past 4 years Why would someone use it? This is ..read more

Episode 69 Today we got to talk to Miro Svoboda once again from Harbour Front Wealth. This time we talked about the current economic conditions and how the feds have influenced the market. We then dived into owning variable assists in order to protect yourself when parts of your portfolio is down, and navigating through this bear market. We also discussed how the traditional 60/40 portfolio last year didn’t work, as bond prices dropped a ton last year resulting in people in retirement panicking. Miro touched on how the rise in interest rate took a massive hit on the market as the feds tried t ..read more

In this episode, Will, Tim and Eric decided to do something a little bit different and took a deep dive into the payday loan industry. While the hope is that listeners will never have to take out payday loans, the information provided in this episode may prove useful in conversations with friends and family members who may be considering payday loans as an option. Additionally, the information that was discovered around the predatory practices of the payday loan industry proved to be eye-opening and a little bit disturbing. Some of the topics included in this episode include: The one and only ..read more

This is the episode where we say goodbye to Jules as her life is getting busier and busier and needed to take time off to focus on her family and work! We are so proud of her for becoming a great Mortgage broker and being such a wonderful mom to her two kids. Best of luck Jules and thanks for being apart of the Financial Classroom Canada this past year and a half. With that said, this episode we interviewed Will and his wife Jess on their financial journey! Will is the last host to not have shared his 6 figure journey yet, and it was a blast getting to know his story and how he got to where he ..read more

This episode was a blast from the past as one of our first guests returned to the podcast. Josh, who was featured as a 6-Figure Millennial on October 4, 2020 (before we numbered our 6-Figure Millennial episodes), now has his own blog, Money Making Habits. This blog is dedicated to helping people to wisely and successfully build a dividend growth portfolio. In today’s episode, we discussed Josh’s article, “10 Reasons Why We’re Dividend Growth Investors”. This article is an excellent read (link below), and it makes compelling arguments for the benefits of incorporating dividend growth stocks in ..read more

Episode 65 In this episode we talked about the upcoming recession and how to prepare for it. With the federal reserve and banks around the world continuing to hike interest rates we are going to see a big slow down as demands start to slow. Tim and Will discussed how to prepare for when a recession hits and how to take full advantage of it. With every bear market and recession there is an opportunity for someone out there to become real wealthy and we want listeners to be able to understand it and take advantage of it. Many people don’t understand what happens in a recessions and what causes a ..read more