Build Wealth Canada Podcast

Today I am REALLY excited to have none other than Julie Cazzin on the show, who is going to tell us all about how we can retire early.

Julie is a national award winning business and personal finance journalist. She is a founding member and Senior Editor at MoneySense.

While she consistently writes some of the most popular columns for MoneySense, she's also written for Readers Digest, Canadian Business, Maclean's, and many others.

Julie has also appeared as a television guest on CityTV, Rogers and CTV as well as several radio shows throughout the years, speaking on a wide range of personal finance topics.

Links and Resources

• Top Tools and Resources for Financial Independence (for Canadians): Sign up anywhere on www.BuildWealthCanada.ca for a free guide on all the top tools and sites that I've personally used to help us achieve financial independence in our early 30s. They're also what we use now to optimize and manage our finances, and ensure that we're paying the lowest fees while getting solid returns on our investments.
• Kornel's investing course with free sample lessons at www.BuildWealthCanada.ca/invest
• Julie's Articles on MoneySense

Questions Covered:

1. What are some top tips you can give to Canadians that want to retire early?
2. How can we figure out if we have enough to retire early?
3. What are some top mistakes someone can make if they want to retire early?
4. What are some top mistakes someone can do if they are already retired? (whether it was early retirement or not)
5. While saving for an early retirement, would you recommend index investing by purchasing broad market ETFs or funds, or do you recommend a different strategy? (ex. dividend investing)
6. While saving for an early retirement, would your asset allocation be different compared to someone that is planning on retiring early?
7. What are some of the unique challenges that we have to worry about if we are planning to retire early vs doing the more traditional retirement at age 65. (i.e. Impact of CPP, OAS, and pensions come to mind).
8. Once we manage to retire early, what suggestions can you make in terms of asset allocation?
9. Your thoughts on a safe withdraw rate?
10. How would you suggest using TFSA, RRSP, and unregistered accounts while saving?
11. How would you suggest using TFSA, RRSP, and unregistered accounts while retired early?
12. What are annuities and is it possible to purchase annuities here in Canada if we are a young retiree?

This is part 2 of the interview on How to Invest in Canada, with author and investor Dr. John Robertson. In Part 1 we covered the beginner to intermediate level questions. These were perfect for those just getting started on their investing journey. In part 2, we take it up a notch and get into […]

This is part 2 of the interview on How to Invest in Canada, with author and investor Dr. John Robertson.

In Part 1 we covered the beginner to intermediate level questions. These were perfect for those just getting started on their investing journey.

In part 2, we take it up a notch and get into the more advanced level questions.

If you missed part 1, it's the episode right before this one.

Links and Resources

• Top Tools and Resources for Financial Independence (for Canadians): Sign up anywhere on www.BuildWealthCanada.ca for a free guide on all the top tools and sites that I've personally used to help us achieve financial independence in our early 30s. They're also what we use now to optimize and manage our finances, and ensure that we're paying the lowest fees while getting solid returns on our investments.
• Kornel's investing course with free sample lessons at www.BuildWealthCanada.ca/invest
• John's Blog: Blessed by the Potato

Questions Covered

1. Tell us your story and what prompted you to write your book.

1. What are the most common mistakes you see beginner investors make when they're just starting out?

1. What about those in their 40-50s that have been investing for a while?

1. In your book, you make a really strong case for investing in broad market indexes. For our listeners who are just starting off in investing, can you tell them what this means, and why this is a good way to invest?

1. What is an "asset allocation" and how would you change the asset allocation for someone fresh out of school vs someone nearing retirement?

1. You thoughts on investing in stocks versus bonds and on creating an all stock portfolio.

1. In a low interest rate environment like we are in right now, what are your thoughts on investing in bonds? Especially considering rates are bound to go up eventually which would hurt the existing bond prices.

1. How are you investing now?

1. If you could go back to when you made your first investment, what advice would you give yourself.
2. Over the years in your investment journey, what's worked for you, and what hasn't worked so well?
3. Was there ever a point that you didn't feel confident about what you're investing in, and the investment choices you made?
4. Your thoughts on investing in other indexes like small cap companies instead of just broad market? (many argue that they generate higher returns at the cost of higher volatility)
5. Thoughts on dividend investing vs broad market index investing.
6. What is the 4% rule and what are your thoughts on it? Do you prefer a variation of it?

Today we are going to learn all about how to invest if you’re living here in Canada. For all our non-Canadian listeners, we’re also going to cover best practices when it comes to investing so you can definitely start applying those too and get a lot out of the show. To make this series beneficial […]

Today we are going to learn all about how to invest if you're living here in Canada.

For all our non-Canadian listeners, we're also going to cover best practices when it comes to investing so you can definitely start applying those too and get a lot out of the show.

To make this series beneficial to everyone, we're going to start with answering beginner level questions intended for those just starting out in their investing journey. As the interview goes on, we're going to progress into more advanced level questions.

This way if you are already investing you'll still get a LOT out of the show by learning some best practices, and how to optimize your portfolio and save money by eliminating unnecessary fees.

To help me with this, I'm very excited to have Dr. John Robertson on the show. John is a is a PhD scientist, a writer, investor, and he teaches newbie investors on how they can actually start investing.

Links and Resources

• Top Tools and Resources for Financial Independence (for Canadians): Sign up anywhere on www.BuildWealthCanada.ca for a free guide on all the top tools and sites that I've personally used to help us achieve financial independence in our early 30s. They're also what we use now to optimize and manage our finances, and ensure that we're paying the lowest fees while getting solid returns on our investments.
• Kornel's investing course with free sample lessons at www.BuildWealthCanada.ca/invest
• John's Blog: Blessed by the Potato

Questions Covered

1. Tell us your story and what prompted you to write your book.
2. What are the most common mistakes you see beginner investors make when they're just starting out?
3. What about those in their 40-50s that have been investing for a while?
4. In your book, you make a really strong case for investing in broad market indexes. For our listeners who are just starting off in investing, can you tell them what this means, and why this is a good way to invest?
5. What is an "asset allocation" and how would you change the asset allocation for someone fresh out of school vs someone nearing retirement?
6. You thoughts on investing in stocks versus bonds and on creating an all stock portfolio.
7. In a low interest rate environment like we are in right now, what are your thoughts on investing in bonds? Especially considering rates are bound to go up eventually which would hurt the existing bond prices.
8. How are you investing now?
9. If you could go back to when you made your first investment, what advice would you give yourself.
10. Over the years in your investment journey, what's worked for you, and what hasn't worked so well?
11. Was there ever a point that you didn't feel confident about what you're investing in, and the investment choices you made?
12. Your thoughts on investing in other indexes like small cap companies instead of just broad market? (many argue that they generate higher returns at the cost of higher volatility)
13. Thoughts on dividend investing vs broad market index investing.
14. What is the 4% rule and what are your thoughts on it? Do you prefer a variation of it?

This is part 2 of the interview with Justin on how he retired at the age of 33. In case you missed it, you can get part 1 of the interview here. In the interview, we talk about everything from how Justin was able to retire at 33, to what he invests in, and we even cover other subjects […]

Today I’m excited to have Justin on the show who actually retired at the age of 33! This is a huge 2 part interview where we talk about everything from how he was able to retire at 33, to what he invests in, and we even cover other subjects like how to save money on […]

This is part 2 of the interview with Justin on how he retired at the age of 33.

In case you missed it, part 1 is the episode right before this one.

In the interview, we talk about everything from how Justin was able to retire at 33, to what he invests in, and we even cover other subjects like how to save money on vacations and how he manages his money so that he never has to work again.

Lastly, Justin gives us some great tips that you can start applying today to retire early.

Links and Resources

• Top Tools and Resources for Financial Independence (for Canadians): Sign up anywhere on www.BuildWealthCanada.ca for a free guide on all the top tools and sites that I've personally used to help us achieve financial independence in our early 30s. They're also what we use now to optimize and manage our finances, and ensure that we're paying the lowest fees while getting solid returns on our investments.

• Kornel's investing course with free sample lessons at www.BuildWealthCanada.ca/invest

• Justin has a great blog at RootofGood.com where he talks more about how he was able to retire early, and gives more details on the strategies he uses.

Today I'm excited to have Justin on the show who actually retired at the age of 33!

This is a huge 2 part interview where we talk about everything from how he was able to retire at 33, to what he invests in, and we even cover other subjects like how to save money on vacations and how he manages his money so that he never has to work again.

Lastly, Justin gives us some great tips that you can start applying today to retire early.

Links and Resources

• Top Tools and Resources for Financial Independence (for Canadians): Sign up anywhere on www.BuildWealthCanada.ca for a free guide on all the top tools and sites that I've personally used to help us achieve financial independence in our early 30s. They're also what we use now to optimize and manage our finances, and ensure that we're paying the lowest fees while getting solid returns on our investments.
• Kornel's investing course with free sample lessons at www.BuildWealthCanada.ca/invest
• Justin has a great blog at RootofGood.com where he talks more about how he was able to retire early, and gives more details on the strategies he uses.

Questions Covered:

1. Tell us your story and how were you able to retire at 33?
2. How much do you need to make per year to retire?
3. What did you do during the 2008 crash? How did that affect you?
4. You bought a lot of equities during and after the crash, how did you know that it was the right time to buy?
5. What was your asset allocation like before retirement and after retirement?
6. How are you withdrawing your money during retirement so that you don't run out?
7. If you could go back to when you made your first investment, what advice would you give yourself?
8. Are you an index investor, a dividend investor, or do you use another strategy?
9. What would you do differently knowing what you know now?
10. You earned 11 scholarships when you were in school, do you have any tips for students looking to get scholarships?
11. On your blog you also talk about cost saving vacation strategies. Can you give us some tips on that?
12. Is there any other wisdom that you can share so we can all retire earlier?

Today I’m excited to have financial planning expert Carl Richards on the show. Carl has been in the financial planning industry for over 20 years, has a column in the New York Times, the Morningstar Advisor, and he’s even been featured on Forbes.com and Oprah.com. I thought it would be nice to pick his brain […]