Finance Wisdom
Exponential Thinking – How Major Wealth Happens
Your investments may grow a bit each year, but have you wondered about how some people grow major wealth? Instead of growing 10%, how can they be 10 times larger? Many ordinary people build up millions of dollars, without having a high income or inheritance. How does that happen? It’s because real wealth doesn’t grow…
Read MoreEarning Diary article: Ed Rempel on Why the 4% Rule May Be Holding Back Your Retirement Income
I was recently featured in Earning Diary discussing one of the most common and potentially misleading rules in retirement planning — the 4% Rule. After analyzing 146 years of market history, my research shows that this rule can actually hold many retirees back. Here’s what I found: Retirement planning is too important to rely on…
Read MoreThe Meaning of Life – Responsibility
What is the meaning of life? What makes life worth living? How can having a meaningful life help you become financially independent? You will learn: What is the meaning of life? What makes life worth living? The classic book “Man’s Search for Meaning” by Viktor Frankl showed that the people that survived many years in…
Read MoreRetirement Rookie: Worried about a Market Crash Right After Retiring?
Being worried about a market crash right after retiring is a major fear for many people both before and after taking the plunge. I often hear these anxieties: “I’m scared to retire even though I have enough money in every projection. What happens if there is a market crash right after I retire?” “We just…
Read MoreGo Big or Go Slow: Why 10x Wealth Is Easier Than 2x
This title may be hard to believe, but it is a common theme in coaching for small business entrepreneurs. The concept is from the popular book “10x Is Easier Than 2x: How World-Class Entrepreneurs Achieve More by Doing Less” by Dan Sullivan and Dr. Benjamin Hardy. Most of us think about incremental improvements in our…
Read MoreNational Post article: Divorce wiped out her savings. At 65, should Kate start drawing CPP?
The National Post asked me to review the retirement and financial situation of Kate*, a 65-year-old who recently relocated to Alberta after a costly divorce wiped out her savings. She’s determined to rebuild her life and finances, but she has questions: “Can I realistically buy a house, or is renting my best option? How do…
Read MoreNavigating the Financial Advisor Title Trap: Why Fee-For-Service Planners Are the True Superheroes
Are you ever confused by all the different titles that financial planners and advisors use? What types of advice and services do they offer? Which one offers what you are looking for? When you have real worries or questions about your money, “who you gonna call?” Who is the super-hero of advice? In my latest…
Read MoreTop 100 Personal Finance Podcasts in Canada: Ranked #14 by MillionPodcasts
Honoured to be awarded #14 in Top Personal Finance Podcasts in Canada by MillionPodcasts I’m thrilled to share some exciting news—Unconventional Wisdom has been named one of the Top 100 Personal Finance Podcasts in North America by MillionPodcasts. We started it just 2 years ago! Even more exciting? We’re currently ranked #14 in Canada and…
Read MoreNational Post Article: Couple wonders – Is saving $500,000 in investment income enough for couple to meet their retirement goals?
The National Post asked me to review the retirement plan of a mid-career couple from Ontario, Kathy and Trevor, who are trying to simplify their finances and meet some big goals before Kathy retires at 55. Kathy is 50 and Trevor is 53. They live in the GTA and have two adult children about to…
Read MoreWhy Don’t Most Financial Planners Plan Finances?
“If you don’t know where you are going, you will wind up somewhere else.” – Yogi Berra What do you call a financial planner that does not plan finances? I know that sounds funny. But it is an important topic to understand. Most people assume that when they hire a financial planner, they’re getting a…
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