Build Wealth Canada Podcast

RRSP vs TFSA vs Mortgage – Where Should You Put your Money?


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Today I’m really excited to have Rob Carrick on the show, who is the main Personal Finance Columnist at the Globe and Mail.

Rob is also the author of five personal finance books for Canadians, and all in all is easily one of the most respected and well known personal finance experts here in Canada.

Today we’ll cover whether you should be putting your savings in an RRSP, a TFSA, or use it to pay down your mortgage quicker (if you have one).

We also cover:

  1. Where you should be investing your money?
  2. Where to keep your money safe if for example, you’re saving for a downpayment on a house?
  3. What should your priorities be when it comes to debt?
  4. What asset allocation should you go with? (ex. stocks vs bonds mix)
Links & Resources Covered:
  • 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
  • Rob at the Globe and Mail: http://www.theglobeandmail.com/authors/rob-carrick
  • Rob’s Site: http://www.robcarrick.com/
  • Rob’s Books:
  • Rob Carrick’s Guide to What’s Good, Bad and Downright Awful in Canadian Investments Today
  • How Not to Move Back in With Your Parents: The Young Person’s Complete Guide to Financial Empowerment
  • How to Pay Less and Save More For Yourself: The Essential Consumer Guide to Canadian Banking and Investing
...more
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Build Wealth Canada PodcastBy Kornel Szrejber: Investor

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