Get Lit: 10 Steps To Financial Security & Wellness
Real Money Talk - A fresh take on personal finance
Release Date: 11/12/2021
Andrew Hallam On Finding Balance with Your Money for a Successful Life
Real Money Talk - A fresh take on personal finance
Millionaire Teacher, Andrew Hallam, sits down with Jon Vassallo, VP of Partnerships at Ratehub.ca, to discuss Andrew’s new book: Balance: How to Invest and Spend for Happiness, Health, and Wealth. The two discuss how to live a better life (money isn’t everything), how to align spending with values, and resolving anxiety around spending before diving into investments and socially responsible investing. [0:00] intro[3:22] Money mistake or makeup - cat litter and ponzi schemes [9:12] What compelled you to write your new book, “Balance: How to Invest and Spend for...
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Buying a House w Jessica Moorhouse | Millennial Money Expert
Real Money Talk - A fresh take on personal finance
Are you planning on buying a house in 2022? Is it a New Year's Resolution? Here's everything you need to know about buying a home from people that did it in 2021. Jessica Moorhouse is an award winning blogger, podcaster, and an accredited financial counsellor in Canada. Ratehub’s Director of Insurance, Matt Hands, sat down with Jessica to discuss the home buying process. Jessica sold her townhouse and bought a new house in Toronto this year in the wild and crazy market. Matt decided to leave Toronto after buying his house in London, Ontario. The two discuss the stress of buying a...
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Home (insurance) For The Holidays w Morgan Roberts
Real Money Talk - A fresh take on personal finance
From the BC floods to the Wet Bandits flooding the basements in Home Alone—how does your home insurance work with natural disasters and climate change? What risks does Christmas pose to your house? What happens if your gifts get stolen? What do you do in case of a break-in? Do you really have to shovel your sidewalk? Do more fires happen at Christmas? What about hosting parties and serving alcohol? Director of Sales at RH Insurance (), Morgan Roberts, sits down with Director of Insurance at Ratehub.ca (), Matt Hands to answer all kinds of home insurance questions you never thought to ask...
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Get Lit: 10 Steps To Financial Security & Wellness
Real Money Talk - A fresh take on personal finance
Ramit Sethi, author of “ I will teach you to be rich” recently tweeted out: 3 signs someone is financially sophisticated. They know their numbers cold: Savings rates, asset allocation, debt payoff date, goals. Creative, even extravagant spending on the things they love. Not penny pinchers. They have a point of view. They actively work on their money psychology. If you don’t know these numbers, you worry about spending (whether it’s too much or too little), and you avoid living your life because, ya know, money, well - I hope this short podcast will...
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Cait Flanders | Urge To Splurge? How a year of less may be best for your finances
Real Money Talk - A fresh take on personal finance
With vaccines rolling out for 5-11-year-olds, we may be nearing the end of the COVID pandemic. It’s been a time of juxtapositions. The burnout of finally being able to work from home, social distancing with your closest friends and family, and the great resignation from a tenured job – change has been the only constant in our stay in place lives. And now, the urge to splurge is on, treat yo’self. We’re tired of the puzzles, the paint by numbers, we want to revenge spend. According to a Bank of Canada survey, many Canadians expect to spend a lot more. Sure, almost 27% plan...
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How to get cheap car insurance
Real Money Talk - A fresh take on personal finance
Not all car insurance is the same — will vary by company, driver, car, and city. You need to research your situation to make sure you have the right coverage for yourself. We put together a list of how to get cheap car insurance now and in the future, whether you’re mid-policy or shopping around for new quotes this year. What is the average price of car insurance in Canada? BC - $1,832 Ontario - $1,528 Alberta - $1,316 Saskatchewan - $1,235 Newfoundland - $1,168 Manitoba - $1,140 Nova Scotia - $$891 New Brunswick - $867 Prince Edward Island - $816 Quebec - $717 *Source:...
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Pt. 2: How To Buy Stocks and ETFs on Questrade with Scarlett Swain, Director of investment products
Real Money Talk - A fresh take on personal finance
Part 2 of 2 [0:00 - 1:36] Intro [1:37 - 4:10] What is a stock? What is an ETF? [4:11 - 4:51] How much is an ETF? What is MER? [4:52 - 5:49] What is a mutual fund? [5:50 - 6:15] What are underlying holdings? [6:16 - 7:00] What is a portfolio? [7:01 - 8:51] What is a globally diversified portfolio? What is asset allocation? [8:52 - 9:55] What stocks or ETFs should I buy? [9:56 - 11:15] How much money should I be investing? What percentage of my income should I be investing? [11:16 - 11:57] Active investing vs. passive investing [11:58 - 12:49] What is passive investing?...
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Pt.1: Scared To Invest? Questrade Walkthrough with Scarlett Swain, Director of Investment Products
Real Money Talk - A fresh take on personal finance
Part 1 of 2 This is a Questrade Walkthrough for their sign-up process to answer any and all questions you encounter along the way. If you're scared to invest, we answer all your questions to settle your fears. Senior content strategist, Tyler Wade sits down with Questrade's director of investment products, Scarlett Swain to walk you through getting an account with Questrade. He asks all the questions you may have about the sign-up and registration process so you can start investing and buying stocks and ETFs on QUestrade's brand new, built-from-the-ground-up platform released Monday,...
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5 Tips for Mortgage Renewal Time
Real Money Talk - A fresh take on personal finance
Unless you have the cash to pay off your balance in your first mortgage term, you’re likely part of the 36.3% of Canadian homeowners who carry a mortgage and must renew it at the end of their term. 1. Consider your financial goals 2. Start to shop around early 3. Ask for a better mortgage rate 4. Get a rate hold 5. Give yourself time to switch lenders You can compare rates at Visit this blog:
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Wil Reynolds - The man who turned down $50 million
Real Money Talk - A fresh take on personal finance
Wil Reynolds () turned down $50 million dollars to buy his company. Why he did it is one of the most valuable lessons of personal finance you will ever hear. He had his number to walk away. He had the opportunity at life-changing money. He wrote “My house is enough, my cars are enough, my kids’ private school is enough, my vacation fund is enough. I’ve seen enough of the world. My rainy day fund is enough, my take my parents on vacation fund is enough, my buy a small house for my in-laws to move near their grandkids fund is enough. There is no more “Life-changing...
info_outlineRamit Sethi, author of “ I will teach you to be rich” recently tweeted out: 3 signs someone is financially sophisticated.
- They know their numbers cold: Savings rates, asset allocation, debt payoff date, goals.
- Creative, even extravagant spending on the things they love. Not penny pinchers. They have a point of view.
- They actively work on their money psychology.
If you don’t know these numbers, you worry about spending (whether it’s too much or too little), and you avoid living your life because, ya know, money, well - I hope this short podcast will help.
November is financial literacy month in Canada. I could hit you with statistics on Canada's debt ratios, our salaries, and who’s budgeting or not, but we can save that for the written reports.
Instead, here are the 10 steps to financial independence. Wherever you are in your journey, explore each step on your own for more details. Sign up for newsletters, follow money influencers on social media, read Ratehub.ca’s blog, and if you immerse yourself in the subject, I promise you will get to where you want to be faster.
Knowing your money is good for your bank account, and your mental health will thank you even more. The problem isn’t having wealth, it’s when wealth becomes a source of fear, greed, and dictates how you behave. Wealth is a tool, so let’s sharpen our knives and cut the fruit fresh from the tree.
So, set the goal, practice the habits and you’ll achieve success. It’s all a journey. Take any small steps and you’re moving in the right direction.
- Step 1: Paying off debt & negative net worth
- Step 2: Zero net worth - budgeting
- Step 3: A plan for your paycheque
- Step 4: Starting your emergency fund
- Step 5: Setting up sinking funds
- Step 6: The value of your first 100k
- Step 7: FIRE: Financial independence, retire early
- Step 8: On housing - house vs. apartment
- Step 9: Insurance on your wealth
- Step 10: Plan to die with zero