Shows / Unconventional Wisdom
Unconventional Wisdom
Welcome to the Unconventional Wisdom podcast. The show that helps you achieve financial security & freedom. Insights based on in-depth experience from Canada's #1 financial planner blogger. Find out what really works. Your host, fee-for-service financial planner & tax accountant, Ed Rempel.
Episodes
Unconventional WisdomTax Planning for Parents
Are you a parent? If yes - you're probably paying a lot more tax. Parents are often in higher tax brackets than non parents. This means your planning must be…
Unconventional WisdomWhy Simple Investment Stats Don't Give You Good Returns
If you're investing in equities, you may be using various investment data software like Morningstar. The problem? Investment data often gets misused. This is…
Unconventional Wisdom5 Steps for You to Become Wealthy
5 Steps for You to Become Wealthy One of the really cool things about my job is that I get to meet a lot of wealthy people. I get to see what kind of people…
Unconventional WisdomSmith Manoeuvre - Is Your Mortgage Tax-Deductible?
Is your mortgage tax-deductible? The Smith Manoeuvre is an elegant strategy to invest for your retirement without using your cash flow. You borrow against your…
Unconventional WisdomTFSA vs RRSP - Cutting Through the Confusion
You have probably seen many articles Tax-Free Savings Account (TFSA) vs. Registered Retirement Savings Plan (RRSP). Here is the real answer specifically for…
Unconventional WisdomDividend Investing Is a Brain Fart
Dividend investing is a brain fart! The entire concept is your brain playing tricks on you. I know that thousands of people like dividend investing. In fact…
Unconventional WisdomWhat's Important About Money To You?
What's important about money to you? Understanding how you feel about money is the first step in an effective financial plan to create the life you want. Money…
Unconventional WisdomThe World is Getting Better All the Time
As we look forward to the holidays and 2024, one thing I know for sure is: "The World is Getting Better All the Time". Every generation of young people thinks…
Unconventional WisdomSmall Print "Gotcha" in Credit Card Interest (Hint It Can Be 20,000%)!
You probably think credit card interest is pretty high. It can be far higher than you think! If you or your kids ever do not pay your credit card balances in…
Unconventional WisdomCan You Be Confident in the Stock Market?
Can You Be Confident in the Stock Market? There are two schools of thought on this question. The stock market is a decent investment, but it's a gamble that…
Unconventional WisdomWhy You Should Open an FHSA This Year
You should open up an FHSA Account this year! This is for you if you don't own a home now or in the last four years and are age 18 - 71. You get contribution…
Unconventional WisdomWhen Can I Retire With the Lifestyle I Want?
Financial freedom. It's what we all really want. The question is: how do we get there? One key component to achieving financial freedom is creating a…
Unconventional WisdomHow To Live Off Your Investments and How Much Do You Need? Kornel Szrejber interviews Ed on the BuildWealthCanada Podcast
How much do you need to be financially independent? That is just one of the many questions posed by Kornel Szrejber of Build Wealth Canada. He recently…
Unconventional WisdomInvest a Lump Sum or Bit-by-Bit. Which Is Smarter?
Invest a Lump Sum or Bit-by-Bit. Which Is Smarter? You have a lump sum of cash and you're trying to figure out how to invest it. The stock market seems pretty…
Unconventional WisdomBeware of Nice Advisors
I've talked with thousands of Canadians that will not have the life they want because their advisor gave them bad advice. Why do they stick with their advisor?…
Unconventional WisdomAbove Index Returns - How To Beat The Index
How can you get above index returns? Index funds and ETFs deliver below index returns. With global equities, their returns are typically 0.5 or 1% below the…
Unconventional WisdomOptimism Is the Only Realism
Optimism is the Only Realism. You'll learn why in my latest podcast episode. I feel compelled to talk about optimism for two reasons: 1/ Optimism is absolutely…
Unconventional WisdomUsing Your Corporation as Your Retirement Fund
Can you fund your retirement from your corporation? That's the question I answer in my latest podcast episode specifically for business owners, where I go…
Unconventional WisdomWhy Most Financial Plans Fail
Many people who work with us to figure out their retirement plan, have created a financial plan before. You can get a financial plan from a bank, online…
Unconventional WisdomNew Retirement Rules of Thumb
You want to retire soon. What is the best way to set up your retirement income to give you the maximum income that will reliably last the rest of your life?…
Unconventional WisdomInsights Into My 3 Talks - Canadian Financial Summit 2023
The Canadian Financial Summit is the #1 personal finance event of the year. And we're only one week away! Once again I'll be one of the speakers this year with…
Unconventional WisdomWhy the Economy Is Not Relevant To Investing
Right now everyone is talking about the economy… Interest rate hikes. High inflation. Out-of-control government spending. Decline in global trade. Possible…
Unconventional WisdomFinancial Security Comes From a Huge Nest Egg
Financial Planning is not about the money itself. It is about what the money will do in your life. A plan is not a bunch of numbers – it is about your life…
Unconventional WisdomRisk of Bonds to Your Retirement
In my latest podcast episode, I give you insight into what I advise my clients and why I declare the death of bonds as an investment. It's time for most…
Unconventional WisdomSelf-Made Dividends - Dividend Investing Perfected
Dividend investors, would you like to make higher returns, pay less tax & simplify your life? Would you like to receive dividends of any amount you want from…
Unconventional WisdomTop 10 Reasons Why We Don't Invest in Canada
While I love living in the Toronto-area - it's a great and vibrant place to spend time, I choose not to invest in Canada. You may not realize that Canada has…
Unconventional WisdomThe 3 Keys To Building Wealth
Do you ever find yourself unsure about what to do with an investment decision? Should you buy now or wait? Is this a good time? Should I buy something safe or…
Unconventional WisdomFinancial Quackery
"Financial Quackery" is one of the main reasons most people struggle financially. My latest podcast episode is my attempt at humour to explain what to look for…
Unconventional WisdomCash Dam - Best Mortgage Strategy if You Own a Small Business or Rental Property
Do you own a small business or rental property? If yes, then you'll be interested in Cash Dam. It's a simple, but powerful concept to help you make your…
Unconventional WisdomReflecting on My Life & Progress Towards My Mission in Life
Today I'm reflecting on my life and progress towards my mission in life - to educate Canadians about what really works to achieve financial security & freedom…
Unconventional WisdomMake Your Retirement Comfortable - The 8-Year GIS Strategy
The "8-Year GIS Strategy" is one of the best strategies to turn a modest retirement into a comfortable one for you. This strategy has huge benefits, but…
Unconventional WisdomNew OSFI Mortgage Rules – How Do They Affect The Smith Manoeuvre?
You may have received a letter from your bank or heard people talk about the new OSFI mortgage rules. We've had a lot of our clients contacting us about it as…
Unconventional WisdomMillionaires in Poverty
This may sound like a dumb topic. Why would a millionaire live in poverty? We see it all the time, though. People living in a paid off home worth more than $1…
Unconventional WisdomThe Ultimate Strategy for Millennials - Lifecycle Investing
If you're under age 40 and saving to become financially independent, the ultimate strategy for you to understand is Lifecycle Investing. It has worked 100% of…
Unconventional WisdomDebunking "Sequence of Returns Risk"
What is the actual risk of running out of money if you start retirement when the market crashes? This is a question on the minds of many retirees. Especially…
Unconventional WisdomHow To Choose Your University Specialty
If you're someone who is in high school or you're about to apply to university, then this podcast episode is a must! After being a financial planner for almost…
Unconventional Wisdom15 Top Principles of Money Most People Get Wrong
Are your finances where you want them to be? If not, there's a very good chance that one of these 15, or maybe several of them are the underlying root cause…
Unconventional WisdomWhat is the Highest Quality Financial Planning Advice?
How do you know you're getting the highest quality financial planning advice? I recently asked my social media followers and blog readers what financial topics…
Unconventional WisdomDividend Investing Perfected with Self-Made Dividends
In my latest podcast episode I take an unconventional look at dividend investing & how to make it perfect. The episode is a fact check of the advantages &…
Unconventional WisdomThe High Risk of Bonds
The conventional wisdom is that bonds and fixed income are safe investments and you need them to stabilize your portfolio. The truth is bonds are a high risk…
Unconventional WisdomIs Your Money Safe OR Secure?
Is your money safe OR secure? I know what you're thinking. Isn't it the expression "safe AND secure"? Possibly the single most important thing to know about…
Unconventional WisdomHow to Donate 10 Times More with the Donation Flow-Through Strategy
Have you ever wondered how people donate millions to a charity, like to a large hospital, or have their name as a charitable foundation? Do they actually give…
Unconventional WisdomHow to Own a Nice Car for Less
How can you own a nice car for a lot less? Should you be impressed with someone that has a nice car? How do you measure the ownership cost of your car? What is…
Unconventional WisdomToday's Buying Opportunity for Stocks
There's a sale on stocks today - it's a 10% sale! We have recovered about half of the decline from the bear market in 2022. What does that mean when it comes…
Unconventional WisdomThe Ultimate Status Symbol & Making a Difference in the World
In my latest podcast episode I talk about the ultimate status symbol and making a real difference in the world. That may sound like two completely different…
Unconventional WisdomHow To Get Passive Income With Little or No Tax
Can you really make money while you sleep with little or no tax? Covid changed most of our working habits, in that many people stayed home, while others felt…
Unconventional WisdomHow To Be Smart With Your Money in Your 20s & 30s
Want to teach your kids or young people you know to be smart with their money? Then you'll want to send them my latest podcast episode with an introduction…
Unconventional WisdomAre You Poor, Middle Class, or Wealthy?
Are you poor, middle class or wealthy? After seeing the finances of thousands of people, I've noticed patterns to determine if someone is poor, middle class or…
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Smith Manoeuvre AFTER You Retire
What do you do with the Smith Manoeuvre AFTER you retire? This podcast episode is for you if you already know the basics of the Smith Manoeuvre. You have been…
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Top 10 Things to Know to Be in Control of Your Finances
Want to get serious about your finances? Every day I talk to people who come to see me for financial advice because they've come to a point where they realize…
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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 podcast episode, I talk about the 5…
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Top 17 Investment Strategies - Do They Work?
There are many strategies and styles of investing. How do you sort through it all to set yourself up for success with good long-term rates of return? In this…
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How to Afford the Life You Want
If you're worried about your finances & your future – you are not alone. Many people are worried about their finances. I receive daily notices from people…
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The Smith Manoeuvre
The Smith Manoeuvre is an efficient strategy using equity in your home to invest for your future, without using your cash flow. It converts your mortgage over…
Unconventional WisdomTop 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…
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Rental Property vs Stock Market - What's the Best Investment?
Rental property vs. the stock market. What's the best investment? In my latest podcast episode we're going to look at this from the eyes of a growth investor…
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Does 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…
Unconventional WisdomWhat's New for Your 2022 Tax Return
What's new for your 2022 tax return? In my latest podcast episode I'm going to give you insight into what's happening in the Canadian tax world. Get the inside…
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How to Easily Outperform Investment Advisors & Robo-Advisors
Investment advisors and robo-advisors have a massive disadvantage – they are short-term thinkers. You can easily outperform them by learning the skill of…
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Investment 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 podcast episode is a direct head-to-head comparison of two different…