Unconventional Wisdom

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 to buying stocks?

In my latest podcast episode I give my thoughts on why I believe now is a good time to buy. This episode was recorded in 2022, but the insights fully apply today.

Listen to find out:

• Why all bear markets are buying opportunities.
• How to be a successful investor.
• My perspective on bear markets.
• The 3 secrets to successful investing.
• What type of stocks to buy before the market fully recovers.

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 topics, but it's actually one topic and I'm going to show you how to do both at the same time!

Here's what I cover:

What is the ultimate status symbol or the wealthy?

• What is a "Generosity Plan"
• What are the advantages of a personal charitable foundation?
• What are the tax savings of a personal charitable foundation?
• What is the difference between a public foundation and a private foundation?
• How does a personal charitable foundation work?
• Who can you donate to?
• How can you know which causes make the most difference?
• What can you donate, other than cash?
• What are some examples of effective donations?
• How can you make a real difference in the world?

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 the financial pinch of the pandemic.

New paradigms arose, such as creating wealth, without work.

Passive income started becoming a conversation not just with people who invest, but with people thinking about retiring or who hadn't even thought about making money this way before.

In my latest podcast episode, I talk about all the ways to create passive income, and how to do it effectively & tax-efficiently.

You'll learn:

• What is passive income?
• Why is everybody talking about it now?
• The 3 main types of passive income.
• How to get passive income with little or no tax.
• Why self-made dividends are better than ordinary dividends in every way.
• How to save tax with each type of passive income.
• How to use passive income effectively.
• How to use passive income as part of your retirement income.

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 into the world of finance.

There are a million things to know. These are the few important ones, based on my Unconventional Wisdom.

Whether you're thinking about buying a car or a home, paying off student debt, or saving for retirement, there's so many things in life to do with your money.

My job is to help you think strategically about how to live your life (the way you want), while being able to invest for the future.

Listen to this episode to find out:

• The #1 principle of financial planning.
• How to decide what is important to you and how to prioritize your life goals.
• How much "fun spending" is smart.
• How to save for a home and whether you should.
• The ultimate financial strategy if you're in your 20s and 30s.
• What to do if you want to live comfortably or even be wealthy in your future.

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 wealthy.

In this podcast episode you'll learn where you fit along the spectrum of wealth, how each thinks and invests differently, and how you can become one of the wealthy!

Here's what I cover:

• Why wealth isn't a matter of income level.
• The definition of Net Worth.
• Do you classify as poor, middle class or wealthy?
• How each person saves, invests, and thinks about money.
• The mindsets of poor and wealthy people and how they differ.
• 5 key traits of wealthy people.
• How to think like the wealthy.

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 doing this strategy for awhile, you've converted your mortgage to tax deductible, and you're thinking about retiring.

You've got a big investment portfolio and this tax deductible credit line, what do you do now?

Discover 5 strategies that we suggest to our clients, and how you can implement them to your advantage!

Listen to find out:

• What options do you have for the Smith Manoeuvre after you retire?
• The 3 options based on your risk tolerance & desired lifestyle.
• Success rates of retirement income withdrawals.
• Key tax brackets before and after age 65.
• 5 Smith Manoeuvre strategies you can do after you retire.
• Tax implications of Smith Manoeuvre withdrawals.
• Designing your retirement income with the Smith Manoeuvre

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 - "I should probably do something smarter with my money, but I'm not quite sure what."

When you get to that point, what do you do?

What are the most important things to know about investing?

How do you manage your money based on your life goals and priorities?

My latest podcast episode is an overview of financial planning to help you figure out where to start, so you can spend and invest your money in smart places based on your values, and what's going to give you the best leverage for the future.

Listen to find out:

• Why you should spend less than you make.
• Why it's important to pay yourself first.
• Understanding your values when it comes to money.
• Why paying off student loans should be the last priority.
• How to evaluate what's important to you about money.
• How to live intentionally based on your goals and priorities.
• How to manage debt wisely.
• How to save for and buy your first home.
• The magic of compounding.
• How to create a retirement goal and financial independence.
• Why it's important to have a higher risk tolerance.
• How to invest effectively. Asset allocation - stocks, bonds, and cash.
• Why borrowing to invest is the secret to major wealth.

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 conventional wisdom rules of thumb for retirees.

As the unconventional wisdom guy, I do the math for you to see whether they actually worked in history.

Then I give you 7 new retirement rules of thumb (supported by history) that I advise my clients on.

Listen to this podcast episode to find out:

• How to manage your retirement income withdrawals.
• Why the real issue is inflation, not stock market crashes.
• Why learning the stock and bond market history will give you an accurate picture of risks and returns.
• Why inflation kills bonds, but not stocks if invested in the long-term.

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 week's podcast episode I cover the Top 17 Investment Strategies, their history, and whether or not they actually work.

Listen to find out:

• Are stock prices random? Why is this important?
• Are stock markets efficient?
• History of market thought.
• 17 investment strategies – Do the work?
• How to identify All Star Fund Managers.

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 pouring their hearts out about their finances, what they worry about and not knowing what to do on the "Free 30-Minute Consultation" form on my website.

They want financial advice on the Smith Manoeuvre, cash flow & debts, investing, and if they are on track to retire comfortably.

In my Financial Post articles I look at people's finances to see their situations and if they are set up to retire.

And in my practice, I work with my clients with an "Interactive Financial Plan," so they have the confidence to afford the life they want.

I want you to have that too!

In my latest podcast episode you'll learn:

• Why you need to be clear on your "why"
• Why you must be realistic on your investments and goals
• The importance of planning for your future
• How the Financial Independence Retire Early (FIRE) community saves money
• Why you don't need a budget
• Four options to help you if you can't get you to your retirement goal
• How to think about Investment returns, equities, stock market and fixed income
• How to think about diversification and "de-worsification"
• The details of pensions, CPP & Old Age Security in Canada
• Why getting professional help with your retirement plan is key
• How to find out how much money you need to retire comfortably
• Why you should learn to have a higher risk tolerance
• The magic of compounding over a long period of time