It's Personal Finance Canada (Christine Conway, Cameron Conway)

The concept of Capital Appreciation is one that tends to be overlooked for many other "flashy" signposts in the investing world but it has a dramatic impact on whether or not you will actually grow your money. This week we talk about the impact of capital appreciation on your investmetns, be it stocks, funds, real esate or even small business ownership and how you can make sure you are getting a good return for your money.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com

Turns out your boss was crazy after all. This we go over the some of the negative aspects of entrepreneurship and how it can challenge our mental health. What ailments are most common among business owners, how to better manage yourself and how to navigate dealing with an entrepreneur as a boss.   

If you live in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario or Yukon let us help you take care of the people you love and visit braunfinancial.com 

DIY Investing at: https://get.modernadvisor.ca/braun-financial/

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Useful Resources:

Springer - The prevalence and co-occurrence of psychiatric conditions among entrepreneurs and their families: https://link.springer.com/article/10.1007/s11187-018-0059-8

This week we tackle many examples of conventional wisdom and try to offer eight financial tips that will actually help you right now. Everything from education, job oppertunities, buying habits, and savings get put to the test to see what still bears proverbial fruit in 2022.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

The best way to not get laid off, is to be your own boss… I hope. This week we talk about one of the best ways to take control of your personal finances, starting a small business. Is it right for you, can you handle being a “jack of all trades,” and can you master the art of systemization? Find out what it really takes to make things work and the pro’s and con’s of being your own boss.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Renting is becoming harder, more expensive and for many people their only option. This week we talk go over some tips you help you through all stages of this process. Making the right decisions is key as housing for many is the biggest part of their monthly budget.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com

Useful Resources:

Info on tencancy agreements from the BC Government: https://www2.gov.bc.ca/gov/content/housing-tenancy/residential-tenancies/starting-a-tenancy/tenancy-agreements 

Sample Tenancy Agreement from the BC Goverment: https://www2.gov.bc.ca/assets/gov/housing-and-tenancy/residential-tenancies/forms/rtb1_chrome.pdf 

Sample Roomate Agreement: https://tenants.bc.ca/wp-content/uploads/2020/05/Roommate-Agreement-Template.pdf 

Renting 101 from the CMHC: https://www.cmhc-schl.gc.ca/en/consumers/renting-a-home

I have altered the meaning of RRSP, pray I do not alter it any further. This week Cam makes up a new acrostic about RRSP’s, Christine goes over advice from a trusty accountant, and we give our 4 factors to determine if you should make an RRSP contribution. So, dig out your trusty 2023 T1 General tax form and follow along.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Useful Resources:

CRA tax form: https://www.canada.ca/en/revenue-agency/services/forms-publications/tax-packages-years/general-income-tax-benefit-package.html

Having a family is a big financial responsibility but knowing whether or not to stay home with the kids is a difficult choice, especially today. This week we talk fomr our own experience of weighing the financial pro's and con's of childcare and how those choices impact your finances.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

This week we get personal and Christine shares about a health issue in her life that forever changed the way we look at money, priorities, finances and our planning process. It’s introspective and a bit dark, and not our usual light and fluffy personal finance centric type of episode.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

I couldn’t think of a joke so I hired a consultant, now go sign up for my new joke subscription service, only $99.99 per month. This week we review “Accelerating out of the Great Recession” by David Rhodes and Daniel Stelter of Boston Consulting Group and see how they figured out everything after it has already happened. Find out how companies rise and fall during economic turmoil and how to spot those best positioned to recover and thrive faster than their competitors.

If you live in British Columbia, Alberta, Saskatchewan, Manitoba or Ontario let us help you take care of the people you love and visit braunfinancial.com 

Looking to start DIY Investing visit: https://get.modernadvisor.ca/braun-financial/

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

This week we talk about the book "Millionaire Success Habits" by Dean Graziosi, but get side tracked and talk about cheeseburgers, philosophy and wolves! Seriously though this week we talk about taking stock of your goals and desires and how they continue to shape your life and may be holding you back personally and financially as well. But that could change if you only asked the question “why” to many parts of your life.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

This week we offer a flurry of tax tips just in time for your 2022 filling, to help you get more of the deductions and credits that you ma be entitled to.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Link mentioned in the episode:

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses.html

This week we put the "personal" in It's Personal Finance Canada, as we go over our own story of how we got to where we are today. Learn how our experiences have shaped our views of personal finance and how try to help others through our own life lessons. 

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Now to revolutionize your finances first get out your 401k documents *throws book*. This week we tackle the biggest frustration among Canadians who read personal finance books, the dreaded use of the American tax system and we give you a cheat sheet to help apply those ideas to your life. Is an IRA an Individual Retirement Account or a Individual Retirement Arrangement, we don’t know! Plus a host of other tips to help you redeem those books you bought but can’t apply.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

What do all personal finance experts have in common? If you guessed a numbered step by step guide you’re correct! This week Christine joins the dark side of personal finance expertise and lays out her own road map, checklist, whatever we’re calling it, to help you master the basics of not only your budget but your entire personal finance journey.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Carbon Prices are going up! This week we talk about what Canadian Carbon Taxes meant to you and how you need to start preparing. What is the tax, how it's trying to change you behavior and how the choice for change is evaporating before us while we also stare down the barrel of a recession. 

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Useful Resources:

Fraser Institute - Estimated Impacts of a $170 Carbon Tax in Canada: https://www.fraserinstitute.org/sites/default/files/estimated-impacts-of-a-170-dollar-carbon-tax-in-canada.pdf

International Energy Agency - Global Energy CO2 Status (2019): https://www.iea.org/reports/global-energy-co2-status-report-2019

Nature Climate Change Journal - Limited impacts of carbon tax rebate programmes on public support for carbon pricing: https://www.nature.com/articles/s41558-021-01268-3

BC Climate action tax credit info: https://www2.gov.bc.ca/gov/content/taxes/income-taxes/personal/credits/climate-action

Goverment of Canada - Carbon pollution pricing systems across Canada: https://www.canada.ca/en/environment-climate-change/services/climate-change/pricing-pollution-how-it-will-work.html

Retirement: noun, being too “tired” to deal with any of this. This week Christine goes through Tim Ferris’ The Four Hour and talks about how apply his principles to your retirement. Be it better cashflow, a mini pre-retirement and more.

If you live in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario or Yukon let us help you take care of the people you love and visit braunfinancial.com 

DIY Investing at: https://get.modernadvisor.ca/braun-financial/

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

This week Christine goes toe to toe with Dave Ramsey’s personal finance philosophy and his core 7 baby steps concept. How much of it is helpful to Canadians? What will and won’t work in Canada? And how can these concepts help the average person north of the border in their journey to wealth and debt freedom.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Christine's "Why is this baby still up at 4am Book Club" continues as she delves into the Millionaire Next Door by Thomas J. Stanley. This week we talk about how often the rich don't use their wealth to impress others but instead fulfill their goal of personal financial freedom. It is the little things we do and don't do that help us follow the author's seven common denominators among those who've  successfully built their own wealth and financial freedom.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Useful Resources:

Two good articles from the author's blog: https://themillionairenextdoor.com/2010/08/how-wealthy-should-you-be/ & https://themillionairenextdoor.com/2009/12/the-low-profile-millionaire-next-door/

Enough is enough, or is it not enough?!? This week we trek through "The Psychology of Money" by Morgan Housel and talk about how we were raised around money impacts our future, determining the filters we use to determine what is enough money or happiness in our lives and how what we want changes as time goes on.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

When I was young I played a computer game called “Lemmings,” little did I know then, it was a documentary. This week we talk about several ways investors follow others off the proverbial cliff into the gaping maw of the stock market. Perils such as selling at the bottom, timing the market, and miscalculating the role of human behavior all come with a great financial cost.

If you live in British Columbia, Alberta, Saskatchewan, Manitoba or Ontario let us help you take care of the people you love and visit braunfinancial.com 

 

DIY Investing at: https://get.modernadvisor.ca/braun-financial/

This week Christine talks about all of the hidden advantages of opening up an RESP for your kids at a young age. Here's a hint, do it right and get free money put into it every year.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

This week we get into the nitty gritty of how an RRSP can help you defer taxes and put more money in your pocket today and in the future.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

If I had nickel for every time someone told me about a myth that keeps me away from more nickels, I could retire. This week we evaluate “Smoke and Mirrors: Financial Myths that Will Ruin Your Retirement Dreams” by David Trahair. Has this Canadian accountant figured out the five myths which holds us back from financial success or are we just being nickeled and dimed by outdated advice?

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

The most important part of investing is timing, or so we are led to believe. This week we talk about how to manage your time in the stock market and how emotions lead you off the cliff of destitution. Learning the cycles of the market and when to best get in, get out, or stay put is the true key to success.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Useful Resources:

Charles Schwab Report “Does Market Timing Work” https://www.schwab.com/learn/story/does-market-timing-work

We’re not going to charge it, no we ain’t going to charge it, we’re not going to charge it anymore! This week we talk about how to prepare for a 7 day no spend challenge so you can take back control of your finances. Be it the everyday things you spend money on or on the little things you have forgotten about that are lurking on your credit card statement.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Useful Resources:

FP Canada’s “Quiet Spend” survey: https://www.fpcanada.ca/news?Id=canadians-struggle-to-curb-unconscious-spending-habits-amid-rising-cost-of-living

You wouldn't think that goals and lifestyle could be at odds in your life, but when your goals and lifestyle disagree with each other you'll find yourself stuck in life. This week we talk about the balance needed between our short-term goals and our overall lifestyle that we are trying to cultivate. We also talk about how both goals and lifestyle can work with and against each other is we don't know what we truly want in life.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com

So when do I start having debt freedom? That’s the neat part, you don’t! This week we talk about how our culture of debt  is designed to keep us in debt and how investors profit from it. Learn about asset backed securities, various mortgage repacking strategies and other ways your debt makes other people money, or even yourself?

If you live in British Columbia, Alberta or Saskatchewan let us help you take care of the people you love and visit braunfinancial.com 

DIY Investing at: https://get.modernadvisor.ca/braun-financial/

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Useful Resources:

CMHC Total Outstanding Debt Report: https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/housing-data/data-tables/mortgage-and-debt/total-outstanding-debt-payment-financial-obligation-canada-cma

Jingle bells, budget’s broke, bills are on the way, Oh, what fun it will be, to live in a one-horse open sleigh, hey! This week we reminisce about our most popular and engaged with podcasts of 2023 and see if our advice… ramblings, still holds up. Also we talk about what happens behind the scenes and what we are looking forward to talking about in 2024. Merry Christmas and Happy Holidays! If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

This week we talk about personal finance tips to get you ready for the upcoming year and help you to avoid any tax surprises which may be lurking in the early months of 2022. 

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Earth! Fire! Wind! Water! Heart! By your powers combined I am Captain Dividend Yield! This week we tackle the increasingly popular ESG investment mandate, issues of environment, society and corporate governance are becoming more important for investors. However, not everything labels as ESG right now would please Captain Planet, or even the average investor looking to support true change for the better.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Useful Resources:

United Nation’s “Principles for Responsible Investment” https://www.unpri.org/about-us/what-are-the-principles-for-responsible-investment

UN Blueprint for Responsible Investing: https://www.unpri.org/download?ac=5330

Price Waterhouse Canada Report - "How Canadian companies can prepare for TCFD reporting requirements": https://www.pwc.com/ca/en/today-s-issues/environmental-social-and-governance/net-zero/tcfd-reporting-requirements.html

Make work not profit, oh that’s where I went wrong. This week we conclude our two-part series on small business and talk about how to build a realistic business plan that enhances profitability. Find out how your personal finance habits can make or break your company, and profitability, and sanity. Plus some tips from Mike Michalowicz’s book “Profit First” to help you make sure you remember to pay yourself in all of this.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Useful Resources:

Bank for Canadian Entrepreneurs: https://www.bdc.ca/en

This week we go through the topics that come up most often with our clients this time of year. That’s right its time for holiday cheer, tax loss selling, RRSP top ups, Christmas shopping, TFSA contribution room increases and so many other jolly year end matters that we need to tie up with a bow before 2023 comes rolling in.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

What is the good life? “To crush your enemies, see them driven before you, and to hear the lamentations of their women.” This week we review “The Good Life” by Robert Waldinger & Marc Schultz to see how our health and well-being are dictated by our overall happiness and connections with others. What have these authors learned from The Harvard Study of Adult Development and how do we as Canadians stack up in the most recent World Happiness Report, spoiler alert its worse than last year.   Alternate opening for those celebrating easter: Yes we’re redefining the good, good, good life, yes it’s a good, good, good life, mmmhhh yes it is good *cue 10 min droning keyboard/synth solo*. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada Useful Resources: Companion site for the book “The Good Life” https://www.lifespanresearch.org/ 2024 World Happiness Report: https://worldhappiness.report/news/world-happiness-report-2024-most-comprehensive-picture-yet-of-happiness-across-generations/

Our life is the culmination of the habits that we adopt. This week we talk about the power of habits and how they can shape not only your life but your financial future as well. Drawing from Christine's "Why is this baby still up at 4am book club," we look into the advice from "The Power of Habit" by Charles Duhigg and "Atomic Habits" by James Clear and see how they can help us.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

I reject your financial reality and substitute my own! This week we bust the classic personal finance myth of saving 10% to fund your retirement. What was once a staple of personal finance is no longer enough, but there is a better way which can help you right now.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Useful Resources:

The Mercer Report (not the funny one): https://www.mercer.ca/en/newsroom/mercer-retirement-readiness-barometer-2023.html

Our goals are often sacrificed to our desires. This week we talk about the power that spending can have on our lives and how it can derail our dreams for our future and our goals in general. Learn how shopping is used to squeeze happiness out of our lives which feel more and more out of control, and what we can do about it.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com

Useful Resources:

Forbes article about how happiness being tied to being able to spend money: https://www.forbes.com/sites/traversmark/2020/01/21/why-showing-off-our-wealth-makes-us-happier-than-wed-like-to-admit/?sh=7c50f5c12c1b

2014 study from the Journal of Consumer Psychology on retail therapy: https://www.sciencedirect.com/science/article/abs/pii/S1057740813001149 

Ipsos Reid “ Understanding Retail Psychology to maximise conversions”: https://www.ipsos-retailperformance.com/en/insights/g-understanding-retail-psychology-maximize-conversions/#:~:text=Retail%20psychology%20is%20the%20study,to%20boost%20their%20own%20performance

This week we follow up our talk on wills and go into detail about how a person's assets are transfered after they die. How property, investments money and other items ends up in the hands of those your love can be complicated but we unpack things so you can better understand how to structure your assets today so that more gets transfered to others later.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com

Useful Resources:

BC- WESA info: https://www.bclaws.gov.bc.ca/civix/document/id/complete/statreg/09013_01 

Pecore vs. Pecore supreme court of Canada ruling: https://scc-csc.lexum.com/scc-csc/scc-csc/en/item/2355/index.do 

To make money you have to spend money, so that means the more I spend the more I make right? This week we jump into the Investo-dome for Fund-a-mania 2024 to see which type of investment fund comes out on top. We’ll talk about index funds, mutual funds and segregated funds and find out why all of them cost as much as they do and see how each of them could benefit your financial goals.

If you live in British Columbia, Alberta or Saskatchewan let us help you take care of the people you love and visit braunfinancial.com 

DIY Investing at: https://get.modernadvisor.ca/braun-financial/

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

This week Christine takes inspiration from a recent interview with economist & author of “A Map of the New Normal” Jeff Rubin and talks about what he sees as the future of the global economy. We talk about deglobalization, trade isolation, the return of the middle class, energy transition and the growing battle between cost and convenience that impacts our everyday purchases and plans.

If you live in British Columbia, Alberta, Saskatchewan, Manitoba or Ontario let us help you take care of the people you love and visit braunfinancial.com 

DIY Investing at: https://get.modernadvisor.ca/braun-financial/

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Useful Resources:

Interview 1 with Jeff Rubin: https://www.cbc.ca/player/play/audio/9.4230642

Interview 2 with Jeff Rubin: https://calgary.ctvnews.ca/economist-jeff-rubin-offers-a-map-of-the-new-normal-1.6890357

We did it bureaucrats, we saved the country from income inequality, now everyone is poor. This week we check in with several new reports on the growing trend of poverty in Canada and how 25% of people are struggling to cope with this new reality. Canadians are suffering from a perceived loss of control, increased stress and other related issues and are looking for a way back into the middle class lifestyle.

If you live in British Columbia, Alberta or Saskatchewan let us help you take care of the people you love and visit braunfinancial.com 

DIY Investing at: https://get.modernadvisor.ca/braun-financial/

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

 

Useful Resources:

New StatsCan survey: https://www.statcan.gc.ca/en/survey/household/5378

Food Banks Canada Report: https://fbcblobstorage.blob.core.windows.net/wordpress/2024/06/FBC_2024PovertyInCanada_ENG_v6.pdf

Budgeting doesn't have to be a painful or depressing experience. Leanr how Christine manages her own finances with her Simple Budget process which will help you getyour finances in order in only a few minutes each pay period. 

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

There’s no “I” in team, but there is in bills, insolvency and failure. This week we start a 2 part series on the pros and cons of combining a couples finances. Learn about the money biases that come into relationships, how a lack of awareness can hold you back, and how working towards a goal together can strengthen your relationship.

If you live in British Columbia, Alberta, Saskatchewan, Manitoba or Ontario let us help you take care of the people you love and visit braunfinancial.com 

DIY Investing at: https://get.modernadvisor.ca/braun-financial/

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

It's Mothers Day (on the day we recorded) so what better time to learn about how to teach your kids about good financial management and decision making. From allowances, budgeting, credit and more we discuss topics worth talking with your kids about.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

And to my loved ones, “You get nothing, you loose, good day sir!” This week Christine shares valuable tips from a recent Estate Planning conference that she attended. Why are wills important, how to make life easier for beneficiaries and a host of different strategies to pass on wealth with less hassle.

If you live in British Columbia, Alberta, Saskatchewan, Manitoba or Ontario let us help you take care of the people you love and visit braunfinancial.com 

DIY Investing at: https://get.modernadvisor.ca/braun-financial/

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

I am altering the pension. Pray I don't alter it any further. This week we talk about the continued roll out of changes to the Canada Pension Plan and how in 40 years you might get more money in retirement. Who qualifies for the best version of this plan, why is there now a two-tired structure and other useful facts about your government mandated forced savings plan that will “never” be used on public sector spending ever again.

If you live in British Columbia, Alberta, Saskatchewan, Manitoba or Ontario let us help you take care of the people you love and visit braunfinancial.com 

DIY Investing at: https://get.modernadvisor.ca/braun-financial/

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

 

Useful Resources:

CPP Enhancement: https://www.canada.ca/en/revenue-agency/news/2023/05/the-canada-pension-plan-enhancement--businesses-individuals-and-self-employed-what-it-means-for-you.html

The show must go on. This week we push through the haze of sickness and talk about the little talked about parts of RRSP's, taking money out of it, both in working years and in retirement. Plus find out what you need to know to get what you need without too many surprises.

If you live in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario or Yukon let us help you take care of the people you love and visit braunfinancial.com 

DIY Investing at: https://get.modernadvisor.ca/braun-financial/

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

This week we talk about one of the lesser known benefits of having a Canadian corporation, the Capital Dividend Account. This little known method of transferring tax free money from your corporation to yourself personally could change how you look at the concept of owning a business, well as long as you play by the CRA’s rules of course.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

This week we give you an inside look at what goes on inside your first meeting with a financial planner. We go over the different desiganations and what they mean for you so you can make sure the person you're talking to is actually qualified. We then cover many of the best questions you can ask to determine if they are really the best fit for you and your family. There's also tips about proper expectations, governemnt regulations, industry protocols and sales practices you need to be aware of to ensure you're getting the best service possible.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Don't forget you can email us at contact@braunfinancial.com to get a sample of our client fact finder so you can see what to expect, and to make sure your planner is being as thourough as they should be. 

Useful Resources:

What it takes to become a Certified Financial Planner: https://www.fpcanada.ca/certifications/cfp-certification 

Today is about loss, heartbreak and the idea that it won’t happen to me. Part of life is about adapting to things we wish didn’t happen and how to best prepare for the unthinkable.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Where there’s smoke there’s FIRE! This week we dig deeper into the FIRE movement and see how much of it is actually burning logs and how much of it is just cheap kindling. Can you sustain a retirement, what does it cost you in your everyday life? Plus we talk about what we actually really like about the movement in part one of this two week investigation.

If you live in British Columbia, let us help you take careof the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Useful Resources:

Some of the math behind the FIRE concepts: https://www.howtofire.com/fire-guide/the-math-behind-fire/

As a kid I related to “A Christmas Story” but as I get older I find myself living in “Christmas Vacation.” This week we end the year and recap our most popular episodes of 2024, and expand on our best tips. Spoiler alert the most popular ones almost all have money in the title, who would of guessed that.

If you live in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario or Yukon let us help you take care of the people you love and visit braunfinancial.com 

DIY Investing at: https://get.modernadvisor.ca/braun-financial/

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Some of you may suffer, but it's a sacrifice I am willing to make. This week Cam gives his debriefing on a recent event he attended headlined by Bank of Canada Senior Deputy Governor Carolyn Rogers and how you apparently need to do a better job at fixing the economy. We talk about Canada’s continued high interest rates, lagging productivity, decreased standard of living, who to blame for it all and finally if it’s even worth trying at all anymore.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Useful Resources:

BoC Senior Deputy Governor Carolyn Rogers’s Recent speech: https://youtu.be/2_Moc94A8V8?si=o5-h2yJn34qLezI0

When your financial calculator tells you to “use reasonable figures” you know your in for a wild ride. This week we tackle part two of our look into the Financial Independence Retire Early (FIRE) movement and go beyond just the core concepts and actually put their math to the test. Is the promised 4% rate of return formula your golden ticket or does it turn to rust in when you need it the most.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Talk of a recession keeps on looming over Canadians but is this threat more of a big bad wolf, or more of a Peter and the wolf type of narrative. This week we talk about what’s going on in the markets and how things are shaping up for Q2 across various sectors and how those changes can impact your investments.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Useful Resources:

Canada March 2023 jobs report: https://www150.statcan.gc.ca/n1/daily-quotidien/230406/dq230406a-eng.htm

Canadian PMI report: https://tradingeconomics.com/canada/manufacturing-pmi

Reality is fluid, ever changing, all consuming force imposing its will on the world, unstoppable in all ways, except for one weakness, our expectations.  This week we conclude our retirement trilogy with a report from the Ontario Security Commission which shows how our expectations and the realities of retirement intersect, for better or worse. How do people really spend their time and money compared to what they expected and how will the next generation of retirees differ drastically from today.

If you live in British Columbia, Alberta, Saskatchewan, Manitoba or Ontario let us help you take care of the people you love and visit braunfinancial.com 

DIY Investing at: https://get.modernadvisor.ca/braun-financial/

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

 

Useful Resources:

Ontario Security Commission Report: https://www.osc.ca/sites/default/files/2024-01/inv-research_20240110_profiles-of-retirement.pdf

It can be daunting to tackle your own personal finances but learning how is actually easier than you realize. Join us in our debut episode where Christine lays out many of the lessons she’s learned as the owner of a financial planning firm where she helps average Canadians just like yourself.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

The best way to spread Christmas Cheer, is spending loud for all to hear. This week we see how much Canadians are expected to spend over the holidays. Some are saying spending going up, pleasing Santa and others say its going down to the delight of Scrooge. Find out what factors are at play and how can you better prepare for the Christmas season without the soul crushing debt, because really, that's the gift that keeps on giving the whole year. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada Useful Resources: Deloitte Holiday Retail Outlook: https://www2.deloitte.com/ca/en/pages/strategy/articles/holiday-retail-outlook.html JLL’s Canada Retail Holiday Survey: https://www.jll.ca/en/trends-and-insights/research/canada-retail-holiday-survey

At least when the robots take over I won’t have to pick my own stocks anymore. This week we go over fresh research from Ray Dalio and see if the current tech sector is in a bubble that is about to burst or is simply overvalued. What is the state of the Magnificent 7 ( or AAAMMNT for short), what could be the true impact of AI and are we all just getting worked up about nothing?

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Useful Resources:

Ray’s research: https://www.linkedin.com/pulse/we-stock-market-bubble-ray-dalio-zpdre?utm_source=share&utm_medium=guest_mobile_web&utm_campaign=copy

This week we go deep into our motivations behind making more money and find out if the true cost of "success" is worth it. From recent sociological, economic and goverment studies we find out if it's really worth working yourself to the extreme in order to have more money.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  

Useful Resources:

-Stats Can study on sources of stress: https://www150.statcan.gc.ca/n1/pub/11-627-m/contest/finalists-finalistes_2-eng.htm 

-Daniel Kahneman's 2010 study "High income improves evaluation of life but not emotional well-being": https://www.pnas.org/doi/10.1073/pnas.1011492107  

-Harvard Busniess School study on the corrolation between happiness and income: https://hbswk.hbs.edu/item/more-proof-that-money-can-buy-happiness#:~:text=When%20we%20wonder%20whether%20money,cause%20stress%2C%20new%20research%20shows

-Killingsworth's article from the Proceedings of the National Academy of Sciences Journal: https://www.pnas.org/doi/10.1073/pnas.2016976118 

-World Economic Forum study on a 4 day work week: https://www.weforum.org/agenda/2022/05/4-day-work-week-what-means-for-the-future-of-work/ 

Books Mentioned:

-Deep Work by Cal Newport

-The 80-20 Principle by Richard Koch

-Is Work Killing you by Dr. David Posen

The call is coming from inside the house, and it’s asking when to expect payment of my loans! This week we talk with Blair Mantin president of Sands & Associates and go over everything you ever wanted, or didn’t realize that you needed to know about consumer proposals and bankruptcy in Canada. Learn new tips and tricks to help you even before you get into debt trouble and how to best deal with those mounting debts before it’s too late.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Useful Resources:

Sands & Associates website: https://www.sands-trustee.com/

This week we talk about how different stages in your life impact how you use RRSPs and TFSAs. What is strategy could be best for each age group, what will help you net the most returns and what is some of the fine print that most people don’t notice.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Society has created an environment where people are chronically overstressed. This week we take a look at Cary Nieuwhof’s book “At Your Best,” and find out how to better manage and maximize our time so that the weight of stress is lifted off our shoulders by learning learn how to best use the hours in our day.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Useful Resources:

Cary Nieuwhof’s Podcast, The Art of Leadership: https://careynieuwhof.com/mypodcast/

A new year, a new me, a new series of mistakes to make. This week we help you start the year off right with some of our favorite personal finance tips that we think will help you in 2024. Everything from market timing, to adjusting your finances for wanted & unwanted life changes and finding low cost ways to reduce stress.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Hey Margaret from the Facebook page… this one’s for you! This week we tackle the age-old question about mortgage pre-payments but with a twist. How does your strategy change between being a homeowner versus being a landlord, is it better to be debt-free or tax advantageous?

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Useful Resources:

CRA rate of return calculator: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/rental-income/completing-form-t776-statement-real-estate-rentals/rental-expenses-you-deduct.html

CRA Capital expenses examples: https://www.canada.ca/en/revenue-agency/services/tax/businesses/definitions-letter-a-business.html#Cptl_xpns

Step:1 evaluate all of your 2023 financial decisions, Step: 2 drink coco and watch Christmas rom-com’s, Step: 3 gaze into the void, Step 4: repeat step 1. This week we go over 14 different tips you help you close out 2023 and get ready for another exciting year (can we please just have one boring year). Everything from budgeting, insurance, debt management and goal setting we help you get off on the right foot for 2024, or maybe the left foot, which ever works.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Over 40% of Canadian couples get divorced, and money issues are the leading cause. This week we talk about the true cost of divorce and what happenes when irreconcilable financial differences drive people apart. Everything from child support to seperating assets, it all has a long term cost on your financial future.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com

Useful Resources:

BMO's 2014 survey on Divorce in Canada: https://globalnews.ca/news/1144095/top-reason-for-divorce-money-says-bmo-poll/ 

Federal Child Support Calculator: https://www.justice.gc.ca/eng/fl-df/child-enfant/2017/look-rech.aspx

Federal Spousal Support Calculator: https://www.justice.gc.ca/eng/fl-df/spousal-epoux/index.html

Don’t you know DIY is the way to go with everything in life, goodbye plumbers, accountants, lawyers, and doctors, wait why am I suddenly sick, being sued, getting audited and wet? This week take you through the wild west of financial advisors and help you understand everything about pricing, designation types, services offered, specializations for planners and more. Find out from Christine what to look for in a Certified Financial Planner and how they can help you fulfill your financial goals.

If you live in British Columbia, Alberta or Saskatchewan let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Useful Resources:

Toronto Star article: https://www.thestar.com/business/personal-finance/a-financial-plan-can-cost-you-thousands-heres-how-to-get-one-on-the-cheap/article_cfd602e4-af2d-11ee-975f-4b77b9554e8a.html#:~:text=There%20isn't%20a%20standard,%241%2C200%20to%20thousands%20of%20dollars.

This week it's time once again for our obligatory RRSP season episode for 2025! Find out what you need to know to make the most of your legal tax shenanigans before March 3.

If you live in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario or Yukon let us help you take care of the people you love and visitbraunfinancial.com 

 

DIY Investing at:https://get.modernadvisor.ca/braun-financial/

Keep the conversation going on our Facebook Page and Group:https://www.facebook.com/itspersonalfinancecanada

Investing can be complicated so many people choose to follow the "indexes" to make theri lives less complicated. This week we talk about what these main North American indexes are and how they can help you reach your financial goals.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

And with a wave of my wand I shall make all my financial problems disappear, “klaatu barada nikto!” This week we open the mystic tomb known as “Money Magic: An Economist’s Secrets to More Money, Less Risk, and a Better Life” by Laurence Kotlikoff and see how this master of the financial arts can teach us about crafting our lives into the best financial outcome possible.

*IPFC is not responsible for listeners spontaneously transforming into frogs or anything else unnatural by listening to this episode.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Life is chaotic and unpredictable but there are ways to protect your family and your income. Learn today how to become unstoppable though the power of disability insurance and how it can help you take care of the people you love.

Retirement is just the culmination of all of the decisions we made during our working years…. uh oh! This week we talk about what happens when you wait until the last minute (or decade) to prepare for retirement, and how there is still hope for a decent retirement. It’s the battle of dedication vs expectation that will determine how you enjoy those golden years and what you get to do with your time.

If you live in British Columbia, Alberta, Saskatchewan, Manitoba or Ontario let us help you take care of the people you love and visit braunfinancial.com 

DIY Investing at: https://get.modernadvisor.ca/braun-financial/

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

This week we respond to a fan question about whether or not it’s a good idea to withdraw from an RRSP before age 71. We talk about strategies that can work and some of the pit falls that can increase taxes, lower benefits and generally waste your hard earned investment gains.

 

If you live in British Columbia, Alberta or Saskatchewan let us help you take care of the people you love and visit braunfinancial.com 

 

DIY Investing at: https://get.modernadvisor.ca/braun-financial/

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Age is in the eye of beholder! This week we take a deep dive into Moshe Milevsky’s book “Longevity Insurance for a Biological Age: Why Your Retirement Plan Shouldn’t Be Based on the Number of Times You Circle the Sun” and see how we get retirement planning wrong by relying on our calendar age more than our biological age. Find out what the difference is between biological age and chronological age and how misunderstanding this difference can hurt your finances later in life. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

This week we talk all about the Bank of Canada and how it makes the big decisions which impact your life. From monetary policy, interest rates to inflation protection we peel back the curtain of mystery and see how the great fiscal machine actually operates.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Useful Resources:

Bank of Canada Monetary Policy Report October 2022: https://www.bankofcanada.ca/2022/10/mpr-2022-10-26/

Our renewed monetary policy framework (Dec 2021 – 2021-2026):  https://www.bankofcanada.ca/core-functions/monetary-policy/monetary-policy-framework-renewal/

Framework for Conducting Monetary Policy at Low Interest Rates Dec 2015 (aka Christine’s most and least favorite 4 page PDF): www.bankofcanada.ca/wp-content/uploads/2015/12/framework-conducting-monetary-policy.pdf 

50, 30, 20 hut hut hut. This week we tackle the growing trend of set it and forget it percentage based budgets and how many of these American creations are leading Canadians astray. Find out whether these good ideas are based in reality and are actually feasible for the average Canadian.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Useful Resources:

Stats Canada, Survey of Household Spending, 2019: https://www150.statcan.gc.ca/n1/daily-quotidien/210122/dq210122b-eng.htm

Stats Canada, How Canadians spent their money in 2019 infographic: https://www150.statcan.gc.ca/n1/pub/11-627-m/11-627-m2021006-eng.htm

BC Gov Economic Statistics: https://www2.gov.bc.ca/gov/content/data/statistics/economy/other-economic-statistics

It's our one-year anniversary episode. This week we dig deep into Ray Dalio's understanding of the Big Debt Cycle and find out how learning from the past can help us prepare for the future, or really the present the way things are going right now. We tackle the good days, the mad rush to by "anything" others tell us to, the peak and on through to the depression, fiscal intervention and how we can get back to a sense of economic normalcy once again, all with our own patented* Canadian perspective.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Useful Resources:

Where to get the free (well the cost of your email address) book we referenced by Ray Dalio: https://economicprinciples.org/

Canada's 2021 federal election results: https://www.elections.ca/enr/help/national_e.htm

I must not fear. Fear is the wallet-killer. Fear is the little debt that brings financial obliteration. I will face my fear and I will permit it to pass over me and through me. This week we learn how Tim Ferriss uses “Fear Setting” to help him take control of his life. Learn the simple strategy of Define, Prevent, Repair and avoid procrastination and failure in your own life.

If you live in British Columbia, Alberta, Saskatchewan, Manitoba or Ontario let us help you take care of the people you love and visit braunfinancial.com 

DIY Investing at: https://get.modernadvisor.ca/braun-financial/

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

 

Useful Resources:

Tim Ferriss Article/TED talk: https://tim.blog/2017/05/15/fear-setting/

He’s checking his list, checking it twice, gonna find out whose bankrupt or nice. Santa Clause is coming to town. This week we check our personal finance check list one more time before the holidays. Hear about year end distribution on non-registered accounts, changes to capital gains, TFSA updates and more financial stocking stuffers.

If you live in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario or Yukon let us help you take care of the people you love and visit braunfinancial.com 

DIY Investing at: https://get.modernadvisor.ca/braun-financial/

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

"The commitment needs to be a commitment to grow the economy, and the budget will balance itself,” -Justin Trudeau, Leader of the Opposition, February 2014. This week it's Budget Blow-out-palooza 20-24 exclusively on Tax-Payer Per View. Cameron makes the great sacrifice and reads through the proposed budget to see what will impact your personal finances the most in the coming year and onward. Plans for converting government assets into residential properties changes to capital gains structure and more are highlighted as Deficit-a-thon continues. If you live in British Columbia, Alberta or Saskatchewan let us help you take care of the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada   Useful Resources: Federal Budget 2024: https://budget.canada.ca/2024/home-accueil-en.html?utm_campaign=fin-fin-budget-24-25&utm_medium=webfeat&utm_source=canada-ca Trudeau budget comments & infamous quote from 2014, timestamp 27:38 – 34:54: https://www.cpac.ca/primetime-politics/episode/february-11-2014?id=fb166bdf-0db1-4cbf-9250-5a3e552fabbb

Being rational is overrated. This week we review “Predictably Irrational: The Hidden Forces That Shape Our Decisions” by Dan Ariely and learn about why we keep making bad financial decisions. Find out what is anchoring, how we perceive value and how our own sense of perceived loss cripples our budgets.

If you live in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario or Yukon let us help you take care of the people you love and visit braunfinancial.com 

DIY Investing at: https://get.modernadvisor.ca/braun-financial/

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

What goes up can only go higher - you have no power here laws of thermodynamics! This week we talk about the classic business cycle and show how the stages of Recovery, Expansion, Slowdown, Contraction are unavoidable yet predictable. Find out where we are not in the cycle, what to look out for and how to thrive in these regular seasons of transition, prosperity and doom. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada Useful Resources: The Conference Board “Business Cycle Indicators Handbook” https://www.conference-board.org/pdf_free/economics/bci/BCI-Handbook.pdf  The Conference Board Leading Indicators Description of Components: https://www.conference-board.org/data/bci/index.cfm?id=2160 Bank of Canada Indicators of financial vulnerabilities: https://www.bankofcanada.ca/rates/indicators/indicators-of-financial-vulnerabilities/ OCED Main Economic Indicators (Canada on Page 82): https://read.oecd-ilibrary.org/economics/main-economic-indicators/volume-2023/issue-12_ded67b87-en#page82

Yes, yes, asking is the first step to understanding, but spending is the first step to a new Lego Venator-class Star Destroyer. This week we explore some of the key questions people should be asking themselves about not only their finances but their daily habits and purpose in life, wow that got deep quick. Everything from income, spending, savings, investing and protection is talked about and how we can overcome the dreadmill, I mean treadmill of debt and not accomplishing our goals in life.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

The desire for freedom, flexibility and financial independence is greater than ever and it shows no signs of stopping while the world keep turning. This week we talk all about FIRE Movement aka the Financially Independent and Retire Early Movement see how these philosophies can help us manage not only our personal finances but how we live our everyday lives.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com

What are the three pillars of your retirement and how much do you need to stock up to live comfortably in retirement? This week Christine helps you understand how a successful retirement package is built and how you can impliment it into your own life.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

We have a love hate relationship with mortgages, they allow us to buy a house (or 4), but they hang over us like a dark cloud of interest payments and a 20+ year obligation. This week we talk about the in's and out's of mortgages in this already crazy time of 2023. Is fixed or variable better? What is amortization, how does it impact your finances and so much more.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Useful Resources:

Christine's book "The Debt-Free Lifestyle": https://a.co/d/h7n3kll 

Picking a fund is like buying an apple… why are there so many of them... Gala and Fuji are different… forget it I’ll just get this green one. This week we go behind the scenes and talk about how we evaluate and compare investment funds for our clients day to day, all without losing our sanity. We talk about how we break down geography, risk, sector, performance, philosophy and other metrics all through the lens of a clients story and financial goals in life. If you live in British Columbia, Alberta or Saskatchewan let us help you take care of the people you love and visit braunfinancial.com    DIY Investing at: https://get.modernadvisor.ca/braun-financial/ Keep the conversation going on our Facebook Page and Group:  https://www.facebook.com/itspersonalfinancecanada

Now always never forget to don’t do what Donny Don’t does! This week we open up and show you how we got things wrong… in the past, and how you can avoid those same money mistakes today. Plus, don’t miss out on the lightning round where we rapid fire more ways to help you avoid wasting money.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

It's been a rough start to the markets in 2022, and high inflation and rising interest rates aren't making things any better. This week we take you behind the curtain for a look at what is happening behind the scenes with carriers and fund managers and how you can ask your financial planner the right questions about your investments.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

If two people and a film crew going through my closet can fix my life, why not go through my finances like that too. This week rummage through the proverbial closet and talk about Dave Ramsey’s book “Total Money Makeover” and see if his tips will help you be the belle of the ball or left outside in the rain. What tips can help us today, can his anecdotes apply to Canadians and how much of the book is just the same 7 steps told over and over again with a new cover page.

If you live in British Columbia, Alberta, Saskatchewan, Manitoba or Ontario let us help you take care of the people you love and visit braunfinancial.com 

DIY Investing at: https://get.modernadvisor.ca/braun-financial/

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Home is where the debt is. This week talk about the new First Home Savings Account (FHSA) and how your can maximize your ability to overpay for a house. We also talk about how your can combine this with other tax advantaged savings options to build up a deposit of over $163,000 per person.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

This week we go over some of the top options available to invest in during this down market, ranked from highest risk options like stocks to lowest risk like GIC"s with a little surprise in the middle. Plus Cameron talks about why paying attention to a stocks Beta is so important in how you value stocks and funds and why so many people miss out on big gains when they don't.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com

Useful Resources:

Harvard Business School - "The Low Beta Anomaly: A Decomposition into Micro and Macro Effects" https://www.hbs.edu/ris/Publication%20Files/FINAL%20Decomposition%20of%20Low%20Risk_36c1e488-c814-496a-bd3b-113e54b3be1d.pdf

This week Christine talks about all of the benefits and hidden gems you need to know about RRSP's and TFSA's. Learn how to lower your tax bill, prepare for retirement and make the most of your investments.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Finally, it’s time for me to make money off someone else’s debt! This week we talk about all things fixed income and whether you want it in your portfolio or not based on your risk tolerance requirements. We explain what bonds are, why they’ve been broken in the past couple of years and what to expect going forward. So, get ready to see how, if and why fixed income can fix your income.   If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com    Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

The best way to achieve a goal is to just lower the bar. This week we set a goal to explain how to best achieve your goals and more importantly how to structure those goals in a way to make them easy, challenging and fulfilling.

If you live in British Columbia, Alberta or Saskatchewan let us help you take care of the people you love and visit braunfinancial.com 

DIY Investing at: https://get.modernadvisor.ca/braun-financial/

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

I’m getting too old for this… or am I? This week we talk about why people struggle to start their retirement. Concerns about the markets, what to do with their time or just the apprehension that always come right before a major life change.

If you live in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario or Yukon let us help you take care of the people you love and visit braunfinancial.com 

 

DIY Investing at: https://get.modernadvisor.ca/braun-financial/

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Economists say that over the next four years over a Trillion dollars will be moved from parents to kids in Canada. If you're lookling to better understand how to get money to your kids or are looking to start a conversation with family members then this weeks episode can help get that informed dialogue going and understand the benefits and limitations of estate planning.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Useful Resources:

Macleans's article on intergenerational wealth transfers: https://www.macleans.ca/economy/generational-wealth-often-comes-in-the-form-of-down-payments-and-trust-funds-does-it-also-include-grocery-runs/#:~:text=Kang%20says%20wealth%20is%20%E2%80%9Cthe,by%202026%20is%20the%20largest

From Manulife "Preparing your family for the great wealth transfer": https://www.manulifeprivatewealth.com/ca/en/viewpoints/investor-education/preparing-your-family-for-the-great-wealth-transfer  

This week we tackle the idea that is less about age and more about the choices we make today to create a more stable tomorrow (is stable even an option anymore). Find out the difference between retirement age and being prepared for retirement plus much more.

If you live in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario or Yukon let us help you take care of the people you love and visit braunfinancial.com 

DIY Investing at: https://get.modernadvisor.ca/braun-financial/

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

What has happened will happen again. Bull and Bear markets come and go but it is important to study and understand the Bear markets and crashes so we don't make mistakes the next time they come around. 

This week we go over some the of the biggest North American stock market crashes and find out what triggered them, how the recovered and who those lessons can apply to today's Bear Market so you can protect and grow your investments.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com

Anyone have any spare change, I need to adjust my perception of reality. This week we go deeper into the concept of challenging our core beliefs about ourselves and how that impacts our finances and more importantly our overall health. Is change as easy as it sounds and what is the cost of refusing to?

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada