Financial Independence Case Study and How You Can Retire Early
Release Date: 05/19/2023
Surviving Stock Market Crashes: Real-World Experiences and Strategies for Canadians
Build Wealth Canada Podcast
Have you ever felt that knot in your stomach watching the stock market tumble, especially after you’ve just invested some of your hard earned money? Have you ever wondered how seasoned investors with large amounts invested handle those gut-wrenching portfolio drops? Well in this episode, we're tackling market volatility head-on. Our guest Marc Beavis is a seasoned investor who’s lived through multiple major crashes over the decades, and he shares powerful mindset shifts and actionable strategies to help you stay calm, stay invested, and stay on track—even when the headlines scream...
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The Hidden Barriers Between You and Financial Freedom
Build Wealth Canada Podcast
Today’s episode is a must-listen for anyone who’s ever felt confused, anxious, or just plain stuck when it comes to money. We're diving deep into the emotional and psychological side of personal finance with Jessica Moorhouse, an accredited financial counsellor who's spent over a decade helping Canadians untangle their money struggles. In this conversation, Jess reveals the most common patterns she's seen over the years—from overspending traps to financial fears we rarely talk about—and the simple, practical strategies that can truly make a difference. We’ll also unpack powerful...
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How Canada’s Top Finance Creators Actually Invest Their Own Money
Build Wealth Canada Podcast
Today I’m excited to have a panel discussion with some of the largest personal finance and investing personalities, here in Canada. Together they have over 46 million views on YouTube (that’s more than the entire population of Canada), and in this episode, I thought it would be great to pick their brains on how they actually invest their own money, what types of investments do they actually buy? what specific ETFs do they buy and what type of investing style have they found to work best for them? They also ask me the same questions so you’ll get a pretty diverse view of the different...
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Important Tax & Investing Changes for 2025 (for Canadians)
Build Wealth Canada Podcast
Today, we’re going to cover what you need to know from a tax, investing, and financial planning perspective as all our taxes become due here in Canada on April 30th, 2025, and as we get well underway with 2025 in general. As you know, the government makes changes every year in these areas. The implications of these changes can have a pretty substantial impact on how much you pay in taxes, your net worth, and what government benefits you are eligible to get, and how much you get. These can easily affect your net worth in the thousands of dollars every single year, so it’s definitely in your...
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Are You Overpaying on Your Mortgage? New Mortgage Rules, the Impact of Tariffs, and the Fixed vs Variable Rate Mortgage Dilemma
Build Wealth Canada Podcast
If you own a home, are thinking about buying or selling a home, or have a mortgage renewal coming up, today’s episode is here to help you make the best financial decisions in this changing market. Ultimately my goal is to save you some money when it comes to all this, or at least make things less stressful for you. We’re bringing back our trusted mortgage expert and best-selling author, , to first, break down the potential impact that the new US tariffs may have on our mortgage and real estate market here in Canada. Sean also goes over the new mortgage rules that you need to be aware...
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Planning Your Own Retirement: A Rare Peek into a Canadian Financial Planner’s Playbook
Build Wealth Canada Podcast
Have you ever wondered how financial planners in Canada plan their own retirement once they decide to retire? Our guest today is a recurring guest that we’ve had on the show many times. He’s a fee-for-service financial planner with decades of experience in the industry, and while he’s not retired yet, he’s gotten to that age where he’s getting really close, and so it makes sense for him to do a more thorough financial plan for himself, for his own retirement. And so, I thought it would be useful for us to look under the hood, and hear his thought process when planning his own...
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How to Optimize Your Investments and Taxes for 2025 (for Canadians)
Build Wealth Canada Podcast
With the end of the year arriving and the new year starting shortly, there are certain deadlines that you should be aware of every year, from an investment and tax optimization perspective. There are also some elements to keep top of mind as the new year begins. These happen every year, so even if you are listening to this episode years from now, it will still be relevant to you, as these are things to think about and reevaluate every year. Think of this episode as a checklist that you can use every year to help ensure that you aren’t missing anything from an investment, tax, and government...
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The Complexities of Transitioning Your Savings Into Income in Retirement (For Canadians)
Build Wealth Canada Podcast
Today, we tackle one of the most intricate financial puzzles faced by Canadians: transitioning from accumulating wealth for retirement to effectively managing it during the decumulation phase—when you’re actually living off your investments. In this episode, we’ll explore why this shift can be so complex, even for seasoned savers and investors. You’ll gain insights into balancing financial security with enjoying your retirement lifestyle and sustainably spending the wealth you’ve worked so hard to accumulate. We’ll also discuss both hands-on and passive approaches to managing...
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5 Major Lessons Learned When Managing Your Retirement Finances (In Canada)
Build Wealth Canada Podcast
On today’s episode we have another Canadian guest, Kyle Prevost, who achieved financial independence at an early age (he was able to pull it off in his 30s). He’s also done hundreds of financial talks and interviews over the years with both regular Canadians, and some of the most highly respected financial experts in both Canada and the US. In this episode, we discuss what he’s learned from these hundreds of discussions that he’s had, especially when it comes to best practices and financial tactics that we can apply to our own lives. He also shares advice on how he personally minimizes...
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Protecting Your Net Worth (For Canadians): What Insurance Do You Need?
Build Wealth Canada Podcast
We all spend decades accumulating and growing our net worth, along with many hours of research and studying to optimize our investments and minimize our taxes as Canadians. But what if a single incident wipes all that out? or even just a large portion of it out? Wouldn't it be completely irrational to not eliminate that risk? The best solution that I can think of for accomplishing this is insurance, so I thought it would be helpful to come up with a checklist that you can use of the different types of insurance available for us Canadians, so that you can go through it, one by one, and decide...
info_outlineToday we have a great case study of somebody that I really respect, and who has been able to achieve financial independence, at a really early age.
I wanted this episode to be relevant to you no matter where you are on your financial independence journey, so I thought we could approach it from two angles:
- If you are in the asset accumulation phase and working towards financial independence, we get into how you can get there quicker AND also enjoy the process and not get burned out as you're working your way towards it.
- If you are already financially independent or are getting close to it, we tackle how to live a happy, fulfilling and meaningful life once you transition to the financially independent stage of your life.
Questions Covered:
- One of my favourite things to do on the show is interview those that have achieved financial independence early, where they can retire if they choose. Then, I like to dissect and take lessons from that journey, that we can all learn from and apply to our own lives to help us get to financial independence quicker, and to actually be happy with the journey before and after achieving financial independence, where we can retire if we choose.
There are lots of different paths to get there. For anybody hearing about you for the first time, can you tell us about your journey and how you got to early financial independence?
- I’ve been following your work for a long time, and it’s clear that you definitely don’t need to be working at all anymore, and definitely don’t need to be taking on any new income producing projects in your semi-retirement. Yet, it seems like you keep taking on significantly large projects, like the YouTube channel that you launched and worked a lot on to get to where it is today, and of course you have your giant book launch today that took you three years.
All this takes up a good amount of time obviously, and I imagine it’s really not about the money anymore for you. So what keeps you going? Why not just relax, or at least scale things back a bit?
- How many years have you been financially independent now? What were some of the most critical lessons that you learned about financial independence? Was there anything that surprised you?
- You’ve interviewed over 450 entrepreneurs on your My Wife Quit Her Job Podcast. Some were incredibly successful where they are most certainly financially independent and could just close up the business or sell it, and just live off the proceeds from their investments. Have you found commonalities in regards to what keeps them going? Why do they keep working?
- What are your sources of fulfilment in semi-retirement? and what have you found to generate the most meaning in your life after hitting financial independence?
- From those that you interviewed, have you noticed any patterns in terms of what tends to add the most to that feeling of fulfilment, purpose, and happiness once money is no longer the priority?
Our Guest: Steve Chou
Steve's New Book: The Family First Entrepreneur
Steve is a highly recognized influencer and speaker in the e-commerce space. His blog, MyWifeQuitHerJob.com has been featured in Forbes, Inc, The New York Times, Entrepreneur and MSNBC.
His podcast, My Wife Quit Her Job, is one of the top 25 marketing shows on all of Apple Podcasts, and he and his wife run a 7 figure e-commerce store called BumblebeeLinens.com
Steve also runs one of my favourite marketing podcasts here.