Finance Wisdom
Financial Advice Or “Quackery?”: How To Spot The Difference
How can you tell if the financial advice you’ve received is real, useful financial guidance or just a case of “fake news”, i.e. financial “quackery”? Unfortunately, a lot of what happens in the financial industry in Canada is financial “quackery,” as we like to call it. Since the most common methods are so familiar to…
Read MoreCan we retire now? Ed Rempel tests retirement income rules of thumb
John and Jennifer (Jen) are 62 and want to retire comfortably soon. Can they retire now? They want to know how to set up their retirement income to give them the maximum income that will be reliable for the rest of their life. Will common rules of thumb about retirement income help them? They have…
Read MoreRead my article in Money.ca Magazine: Understanding the Differences Between Financial Advisors and Brokers
This article from Money.ca Magazine: As a fee-only financial advisor, I am surely biased to this type of advisor. I do think everyday investors are much better off if they have someone in their corner who is recommending a particular investment product because it actually is the best product for them, given their circumstances and…
Read MoreRead My article in Costco Magazine – Money goals for 2018. Small steps to make a big difference.
Do you want to feel more financially secure in 2018? Here are five goals that can change your life forever. Pick one (or all) of these goals and make 2018 the year you prioritize your financial health. Read it here… Ed
Read MoreHow to Become a Credit Card Genius
It is easy to run into credit card problems during the holiday season. Here is some motivation and clear action steps to avoid them. You can become a Credit Card Genius in 2 steps: Pay all your cards in full every month. The #1 perk of any credit card by far is the 6-week no-interest…
Read MoreEd Rempel: Dedicated to Dispelling Conventional Financial Wisdom
Well-written article on Biz TV. Unconventional wisdom. So many Canadians limit their financial future because of beliefs they have that are simply not true or are not optimal. Myths about the stock market lead Canadians to invest too conservatively to achieve their life goals. Myths about retirement planning leave them far short when they retire.…
Read MoreFREE ticket to the Canadian Financial Summit – 25+ Experts Online
I wanted to reach out to you today as loyal reader of Unconventional Wisdom to let you know about the Canadian Financial Summit. It’s the first time 25+ Canadian personal finance experts will be gathered in one place to share their insights, tips, and secret hacks with us in an online setting. It’s also completely,…
Read More10 Passionate Canadian Personal Finance Bloggers To Follow In 2017
Proud to have my passion recognized by one of my fellow bloggers! The community of financial bloggers is so much fun and so supportive. Here is the link: 10 Passionate Canadian Personal Finance Bloggers To Follow In 2017 Ed
Read MoreTFSA or RRSP? – The Right Answer for You
TFSA vs. RRSP is one of the most common questions I am asked. If you want to know for sure which is better for you, then you need a financial plan. Many articles have been written on this topic that list pros and cons with general opinions. The truth is that: When you include the…
Read MorePerspective on a Trump Government
After last night’s US election result, everyone is asking why Trump won and what this means for the US and the world. I have been reading about this all day and came across this insightful perspective from a particularly intelligent fund manager: “Last night’s election results remind me of the1971 Monty Python album “And…
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