Investment Wisdom
WorthvieW article – Why Renting Could Be Your Secret to Smarter Wealth Building: Insights from Toronto-based Financial Planner Ed Rempel
Many Canadians believe homeownership is the only real path to building wealth. If you’re renting, it can feel like you’re falling behind or missing out. After decades of working with clients and studying long-term data, I don’t believe that’s true. Renting can be a deliberate and effective wealth-building strategy when it’s approached intentionally. This article…
Read MoreMONEY PIP article – How to Make Your Home a Good Investment: Financial Wisdom from Toronto-based Financial Planner Ed Rempel
Is Your Home Really a Good Investment? Most Canadians think so. My experience tells a different story. For decades, Canadians have been told that their home is their best investment. After preparing thousands of financial plans, I’ve found that this belief often leads people to rely too heavily on home equity for their retirement. The…
Read MoreWhy Monte Carlo Simulations Get Retirement Risk Wrong
Ever been terrified by those retirement calculators showing a scary chance of running out of money? That’s Monte Carlo simulations at work—spinning wild “what-if” scenarios that often paint a doom-and-gloom picture far worse than reality. In my latest video, blog post and podcast episode, we’ll debunk why most of these simulated failures could never happen…
Read MoreNational Post article: Couple wants to retire abroad in their 40s. Do their RRSPs, TFSAs and other investments add up to enough?
The National Post asked me to review the retirement and financial situation of Jason, 41, and Julia, 38, from Ottawa. It is an interesting story since they can retire so young at only ages 42 and 39. They have been strong savers, invest effectively, and plan to invest their entire house proceeds when they sell.…
Read MoreWorthvieW article: Why We’re Richer Today Than 100 Years Ago – Insights from Toronto-based Financial Planner Ed Rempel
Most of us know life is easier today than it was a century ago, but do we really understand why? In my latest article for WorthvieW, I unpack the hidden forces that have quietly shaped modern prosperity, and what they reveal about building sustainable wealth in the decades ahead. Inside, you’ll discover: When you zoom…
Read MoreExponential 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 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 MoreWhy Renting Could Be Your Secret to Smarter Wealth Building
Owning a home is unaffordable for many people today. Here is some good news! If you rent, you can grow your wealth as fast or faster using the same 2 ideas that benefit homeowners. Tenants have several major advantages over homeowners for wealth building. Many homeowners think their home is their best investment. But that…
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