Our guest this episode is Barry Choi, the ultimate expert on all things credit card points and loyalty programs in Canada. You may also know him from his frequent TV appearances or his personal finance website www.moneywehave.com.

In this episode Dave asks Barry everything Canadians need to know about credit card points and loyalty programs including which programs offer the most lucrative sign-up bonuses, tips for how to maximize the value of your points, which card is best for travel and much, much more. 

This is a highly informative episode and you’ll be sure to take away a few valuable tips by listening.

Show Notes

00:00 – Intro & Disclaimer

00:56 – Intro to Barry Choi

03:02 – Loyalty Programs and Data

06:35 – Learn a Few Programs Inside Out

08:51 – Transferring Points to Increase Value

10:47 – Credit Card Points as an Employee Benefit

12:04 – Tips to Maximize Points

14:39 – How to Optimize Points for Travel

17:12 – Which Credit Card is Right for You

18:56 – Sign-Up Bonuses

22:16 – Dave’s Reservations About Credit Cards

25:32 – High-Income Canadians with Credit-Card Balances

28:01 – Barry’s Spending

30:02 – When Barry Took His Family to Hong Kong

34:09 – American Express

37:37 – Dave Doesn't Use Airport Lounges

38:26 – Non-Point Benefits

41:20 – The Lifecycle of a Fintech Company

42:25 – Consumerism & Stuff

45:49 – Donating Loyalty Points

46:58 – Fraud with Loyalty Points

48:37 – Conclusion

Our guest this episode is Ben Felix—Chief Investment Officer at PWL Capital and co-host of “The Rational Reminder” podcast. You might also know him from his popular YouTube channel where he creates meticulously researched videos on investing, financial decision-making and living a good life (although you may not recognize his stunning new hairstyle!).

In this episode Dave and Ben dive deeply into the world of investing. They cover everything from active versus passive styles to why CPP is a one-of-a-kind asset to why people underperform so badly in mutual funds and much, much more. 

This is a must-listen episode featuring two of Canada’s top financial educators.

Show Notes:

00:00:00 – Intro & Disclaimer

00:00:55 – Intro to Ben Felix

00:04:25 – Ben’s New Hair

00:05:50 – Why Is It So Difficult to Beat the Market?

00:08:02 – Why It's Hard for Active Managers to Consistently Outperform

00:11:42 – “Buy the Haystack” (Passive Investing)

00:13:55 – The Market is Forward Looking

00:17:45 – Why Dave & Ben Don't Listen to Market Forecasts

00:21:46 – Dave's Only Market-Timing Story (Gone Wrong)

00:25:22 – Performance Gaps for Individual vs. Fund Performance

00:29:55 – Lump Sum vs. Dollar-Cost Averaging

00:35:18 – Everyone's Risk Tolerance is Different

00:36:56 – Countries With High Economic Growth ≠ High Stock Returns

00:41:35 – Beware of High Growth Industries & Thematic ETFs

00:46:00 – The Difference Between Investment Planning & Financial Planning

00:51:20 – How Can Everyday Canadians Get Good Financial Advice?

00:55:44 – Trust is Key in Financial Planning

00:57:26 – Why a 2% Mutual Fund Fee Is So Costly

00:59:11 – Canadian Banks

01:01:19 – Keep it Simple! Complexity Underperforms

01:04:09 – Venture Capital

01:05:42 – Can the US Market Continue to Outperform?

01:13:36 – Robo-Advisors

01:17:44 – Would Ben Ever Be a Landlord?

01:20:00 – CPP – Four Reasons Why You Should Wait to Take It

01:26:11 – Conclusion

Our guest this episode is Jessica Moorhouse—a Canadian personal finance creator, host of the “More Money Podcast,” and soon-to-be-published author of the book “Everything but Money: The Hidden Barriers Between You and Financial Freedom.”

In this episode Dave and Jessica discuss how our emotions and past experiences affect our relationship with money including bad financial habits people learn from their parents, biases that get in our way, why the financial industry benefits from making it seem more complicated than it is and much, much more.

Don’t miss this engaging discussion with Jessica Moorhouse.

Show Notes

Our guest this episode is Rob Carrick—one of the most well-known personal-finance experts in the country through his 30+ years as a financial writer and columnist for The Globe and Mail. 

In this episode Dave and Rob discuss how personal finance in Canada has changed over the last 35 years including how more parents are helping their adult-age children financially, how social media is increasing the pressure to spend, why FHSAs are the ultimate no-brainer and much, much more.

You'll enjoy this discussion with Rob Carrick.

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The Wealthy Barber Podcast is Canada’s go-to source for approachable, entertaining, and free financial education. Hosted by none other than David Chilton—former Dragon on CBC’s ”Dragons’ Den” and the best-selling author of ”The Wealthy Barber” and ”The Wealthy Barber Returns”—this podcast is here to help Canadians manage their money better. Much better.

Find all episodes and more Canadian personal finance content at https://thewealthybarber.com.

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Show Notes:

Our guest this episode is Robin Taub—a financial educator focused on helping parents teach their kids to be responsible, independent and money-smart for life through her award winning book “The Wisest Investment” and public speaking engagements.

In this episode we discuss all things parents should know when teaching their kids about money, from allowances, to piggy banks, to how much kids should save, and much more. You'll enjoy this discussion with Robin Taub.

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The Wealthy Barber Podcast is Canada’s go-to source for approachable, entertaining, and free financial education. Hosted by none other than David Chilton—former Dragon on CBC’s ”Dragons’ Den” and the best-selling author of ”The Wealthy Barber” and ”The Wealthy Barber Returns”—this podcast is here to help Canadians manage their money better. Much better.

Find all episodes and more Canadian personal finance content at https://thewealthybarber.com.

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Show Notes:

(00:00:00) Introduction

(00:01:11) How Do You Teach Kids About Money?

(00:07:38) Allowances

(00:11:41) Robin's Book & Framework

(00:15:52) Teaching Kids About Investing 

(00:18:55) People Are Having Fewer Kids 

(00:20:00) Young People More Affected by Inflation 

(00:22:42) Piggy Banks 

(00:24:04) Spending in the Digital Era 

(00:26:01) "Cooling-Off" Periods

(00:27:25) How Much Kids Should Save

(00:28:59) Grandparents More Financially Involved Now 

(00:31:58) Biggest Money Mistakes Parents Make

(00:35:08) Money Stress is the Worst Stress

(00:37:14) The Importance of Sharing

(00:41:09) Dave & Robin's Kids 

(00:45:01) Other Resources for Parents

(00:47:08) Conclusion

Welcome to the inaugural episode of The Wealthy Barber Podcast!

Our first guest is Preet Banerjee—one of the top financial educators in Canada, having been a regular for years on CBC's The National, renowned speaker and author of the bestselling book, “Stop Overthinking Your Money.” Recently, Preet completed a doctorate with his research focusing on the value of financial advice to Canadian households and how to improve the outcomes for the mass market. 

In this episode, we discuss what Preet learned from his research and all things Canadian personal finance, from RRSPs versus TFSAs, to active versus passive investing, to whether investing in Canadian rental real estate still makes sense, to who has the better hair and much, much more. You'll enjoy this discussion with Preet Banerjee, a great communicator and a truly great guy.

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The Wealthy Barber Podcast is Canada’s go-to source for approachable, entertaining, and free financial education. Hosted by none other than David Chilton—former Dragon on CBC’s ”Dragons’ Den” and the best-selling author of ”The Wealthy Barber” and ”The Wealthy Barber Returns”—this podcast is here to help Canadians manage their money better. Much better.

Find all episodes and more Canadian personal finance content at https://thewealthybarber.com.

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Show Notes:

(00:00:00) Introduction

(00:01:59) Preet’s Research

(00:06:16) Biggest Problem Young Canadians Face Today

(00:10:32) RRSP vs. TFSA

(00:13:06) FHSAs

(00:14:38) Active vs. Passive

(00:20:40) Men vs. Women Investing

(00:23:52) Inflation

(00:29:14) Who has better hair?

(00:29:47) Giving Advice to the Masses

(00:32:36) Group RRSP Matching

(00:34:58) Investing in Rental Real Estate in Canada

(00:37:41) Getting Help From Parents

(00:40:19) Emergency Funds

(00:43:08) Has the Pendulum Swung Too Far

(00:45:23) Other Personal Finance Creators

(00:48:02) An Experience That Changed Preet’s Perspective on Life

(00:51:35) Conclusion

The Wealthy Barber is back! Dave Chilton has spent over 35 years demystifying personal finance, offering understandable, unbiased, and actionable advice that has empowered millions of Canadians to achieve their financial goals. Now, he’s bringing that same wisdom to your favourite podcasting platforms, with regular episodes designed to make personal finance simple, relatable, and yes, even entertaining.