Finance Wisdom
Is Typical Retirement Advice Good Advice?
If you’re thinking of retiring or your parents or friends are retiring, beware of the typical advice you get. In my latest video and podcast episode, I talk about the 5 conventional wisdom rules of thumb for retirees. As the unconventional wisdom guy, I do the math for you to see whether they actually worked…
Read MoreTop 10 Money Myths That Block Your Financial Freedom
Top 10 Money Myths That Block Your Financial Freedom. This is one of my favourite topics. Most ideas that people believe about money are just not true or not optimal. My blog, Unconventional Wisdom, is about all the things I’ve learned over the years from my experience writing thousands of financial plans and reading hundreds…
Read MoreDoes Borrowing to Invest Make Sense with High Interest Rates?
Should you borrow to invest? With interest rising 4.5% recently, does it still make sense? Spoiled with low interest rates so low for many years, leverage seemed so obvious with a credit line at 3% and tax-deductible, while getting the growth of the stock market. As a fee-for-service financial planner, and an expert on the…
Read MoreInvestment Risk That Affects Your Life vs Investment Industry Risk
Did you know that how you define risk can actually make or break your retirement? This video and podcast episode offers you a direct head-to-head comparison of two different outlooks on the world and on investment risk. Defining risk is critical to decide the best investment strategy for you. People with the right outlook on…
Read MoreLIT FIRE! Create Financial Independence & Retire Early with Lifecycle Investing
You may have heard of FIRE, which is Financial Independence Retire Early, but how do you actually get there? How do you LIGHT your fire? You do it with Lifecycle Investing. It’s the #1 wealth-building strategy for young people to retire early. This investment strategy is based on a concept by two university professors who…
Read MoreWhy Is Inflation Scarier Than a Market Crash?
Inflation is now the #1 fear with “6 in 10 Canadians concerned they might not have enough money to feed their family”, according to an Ipsos poll. Most Canadians have never experienced high inflation. It has been flat at 2% for 3 decades, but jumped to 8% in 2022 and is down to 5% now…
Read MoreHow to Live Off Your Investments and How Much Do You Need? (Build Wealth Canada Podcast)
I was recently interviewed by Kornel Szrejber on Build Wealth Canada, the podcast that educates Canadians on investing, debt-free living, and how to earn a passive income. In our interview we discuss: I hope you enjoy it! Ed
Read MoreSuperinvestors of Graham-and-Doddsville – Warren Buffett article 1984
This is a classic article written by Warren Buffett about a few of his value investing friends, all of which vastly outperformed the market as skilled investors. Superinvestors of Graham-and-Doddsville – Warren Buffet article 1984 A must read that can change your understanding of investing. Enjoy! Ed
Read MoreYour FREE passes: See my talks at the #1 online event – Canadian Financial Summit 2022
The online Canadian Financial Summit is coming up the week of October 12-15. 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. You can also offer your friends…
Read MoreDo Bonds Still Make Sense For Retirement Savings? The Debate
My recent video saying bonds are dead as an investment has started a debate on MoneySense and industry forums. Here is what the bond advocates are missing: It’s a financial planning issue. For example, if you and your spouse earn $50,000/year each ($100,000 total) and you want to retire on $80,000/year in today’s dollars in…
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