Financial Planning Wisdom
Top 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…
Read MoreHow to Reliably Maximize Your Retirement Income – Is the “4% Rule” Safe?
You want to retire soon. What is the best way to setup your retirement income to give you the maximum cash flow that will reliably last the rest of your life? Many financial planners use the “4% Rule”, which says that you can, for example, withdraw $40,000/year rising by inflation for life from a $1…
Read MoreFinancial Advice or Financial Quackery?
“You gotta be careful if you don’t know where you’re going, otherwise you might not get there.” – Yogi Berra How can you tell whether financial advice you receive is real financial advice or financial quackery? Much of what happens in the financial industry is financial quackery, but because the common methods are familiar to…
Read MoreRempel Maximum – The Story of Joe & Rich
How can your life really be different if you focus on maximum wealth-building principles? It’s not about the money. It’s about your life. This story is an extreme version of the life of an ordinary person managing his money exceptionally. The concepts are in my last post, “Rempel Maximum – 5 Steps to Becoming a…
Read MoreRempel Maximum – 5 Steps to Becoming a Multi-Millionaire
Remember the show “Who wants to be a millionaire?” Are you the kind of person that wants to build some serious wealth? Live an exceptional life? Be financially free? I don’t mean just a comfortable amount. I mean a lot – like being a multi-millionaire. The truth is, average people can become very wealthy just…
Read MoreNational Post Article: Couple wonders – Start investing or stick with rental income to build nest egg?
The National Post asked me to review the retirement plan of a blended-family couple in their 40s from British Columbia. Jennifer is 40 and Roland is 49. They live on a rural property with a hobby farm and have four children between the ages of 18 and 22. With three rental properties, $180,000 sitting in…
Read More3 Principles of Successful Investors (UPDATED)
“There are some people who, if they don’t already know, you can’t tell ’em.” – Yogi Berra Are you one of those investors for whom things just seem to always work out well? Getting superior long term returns seems to take little effort. Whatever strategy you use seems to eventually work. You don’t spend much…
Read MoreWhen Can I Retire With the Lifestyle I Want?
When can I retire with the lifestyle I want? That’s the #1 priority for our clients—based on my experience creating thousands of financial plans over the last 25+ years. They want financial freedom. It’s what we all really want. But you need a retirement plan to get there. It won’t happen on its own. Creating…
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