FIRE – Canadian Money Talk

Video: Personal Finance for Young Adults: Introduction to Investing

This is an #introductory #presentation about #personalfinance for #teens. Formula for #financialindependence, #FI and #success is: Earn money, Spend less than you Earn, Invest the rest, and don’t get into debt. This is part four, an #introduction to #investing. We look at a basic #ETF and discuss #compoundinterest.

The #CanadianMoneyTalk channel concentrates on #Canadianinvesting and #personalfinance in Canada.

Visit: http://www.canadianmoneytalk.ca
The Investing & Personal Finance Basics course is at https://canadianmoneytalk.ca/investing-personal-finance-basics-course/
The Advanced Investing: Stock Analysis Course is at https://canadianmoneytalk.ca/advanced-investing-stock-analysis-course/

Video: Personal Finance for Young Adults: Spend Less Than You Make

This is an #introductory #presentation about #personalfinance for #teens. Formula for #financialindependence, #FI and #success is: Earn money, Spend less than you Earn, Invest the rest, and don’t get into debt. This is part two, #spending #money for #teenagers, where we’re trying to minimize #Spending Money by using #budgets and discussing #musthave and #nicetohave spending. The #goal is to #spend less than you #earn.

The #CanadianMoneyTalk channel concentrates on #Canadianinvesting and #personalfinance in Canada.

Video: Personal Finance for Young Adults: Intro & Earning Money

This is an #introductory #presentation about #personalfinance for #teens. Formula for #financialindependence, #FI and #success is: Earn money, Spend less than you Earn, Invest the rest, and don’t get into debt This is part one, #introduction, #glossary and #earning #money for #teenagers, where we’re trying to maximize Earning Money.

The #CanadianMoneyTalk channel concentrates on #Canadianinvesting and #personalfinance in Canada.

Video: Five Habits of Millionaires

What are some things one should do to stay a #millionaire, after achieving this #goal? Here are the 5 #Habits That Will Help You Stay A Millionaire. I also #profile today’s millionaire. The Habits of staying a Millionaire are #Live Below Your Means, #Prioritize Wealth-Building Activities, Seek #Freedom Not #Status, Raise #Independent #Children and #Work #Hard and Stay #Disciplined.

The #CanadianMoneyTalk channel concentrates on #Canadianinvesting and #personalfinance in Canada.

Video: Basic Options & Strategies

The video is a quick recap of #Put and #Call #options, and then cover the #strategies for #Cash #Covered #Puts, #Covered #Calls, and #Credit and #Debit #Spreads, both #Bear and #Bull. I discuss my #strategy, and mention the #wheel strategy for #cashflow, receiving #premiums, and #leveraging using #margin accounts.

The #CanadianMoneyTalk channel concentrates on #Canadianinvesting and #personalfinance in Canada.

My Simply Investing Dividend Podcast interview

Introduction by Kanwal Sarai for this podcast episode:

In this episode, I interview investor Ales Eisner, we talk about how to get started with investing, how to select dividend stocks, and how invest in this current economic climate.

Ales achieved financial independence in his early 40’s, and stopped working in IT at 46. Today he lives off his six figure dividend income. Ales is a disciplined investor who is happy to share his knowledge and experience with our audience.

I also cover the following topics in this episode:
– How Ales achieved a six figure annual dividend income
– RRSP (401k) vs TFSA vs non-registered accounts
– Why is it important to start investing sooner than later?
– Is it too late to start investing in your 50s?
– What is your process for selecting what stocks to invest in?
– The risk of investing in dividend traps
– Why invest in dividend stocks when the dividend isn’t guaranteed?
– Why is dividend history so important?
– How many stocks should I hold in my portfolio?
– Do you consider the management expense ratio (MER fee) when investing in funds?
– When would you sell a stock?
– How are you investing in this current tariff trade war?
– The importance of remaining calm when investing
– What advice would you give to someone who wants to start investing for their future?

Link to Ales’s website: https://canadianmoneytalk.ca/

Video: Canadian Taxation on Investments

I had a viewer question about #tax #rates on #Canadian vs. #foreign #dividends and which #account #minimizes tax #withholding on foreign dividends (#RRSP vs. #TFSA vs. #non-registered or #cash accounts), as well as the rates at which various #dividend #income is taxed. The video covers the entire Canadian #taxation system for context, and answers the question for tax #efficiency.

The #CanadianMoneyTalk channel concentrates on #Canadianinvesting and #personalfinance in Canada.

Video: Things I do January 1st

This video is about some actions to help with #taxes, #financialgoal and #Budget for the #2024 and #2025 calendar years. With the #NewYear having come and gone, I thought I would share some things that I did on #January 1st of 2025, and what the state of my #finances is. I look at my #networth, budget, total #dividends, #taxbrackets, #compare my #investing prowess against the #benchmark, show my 2025 #TFSA purchase, #fees, creating #SMART #goals, #rebalancing a #portfolio and other #administrative things for 2025.

The #CanadianMoneyTalk channel concentrates on #Canadianinvesting and #personalfinance in Canada.

Video: Getting Cashflow: Dividends or Sell Shares?

Let’s #compare and #contrast #dividend-paying #stocks (#value investing) and #growth #investing in #Canada, and determine which is the best for #cashflow and #money coming in. Someone who is in #retirement or in #FIRE would be interested in this. I look at #Pros and #Cons of both, from #taxation, #volatility, #income #stability, #growth, #investor #psychology, #control, #profits, #dividends and their meaning, and #risks.

The #CanadianMoneyTalk channel concentrates on #Canadianinvesting and #personalfinance in Canada.

Video: Dave Ramsey: Why His Advice Isn’t for Everyone

Are you following the #DaveRamsey #financialadvice but feeling like it doesn’t quite fit your situation? In this video, I take a deep dive into Dave Ramsey’s popular personal finance theories and offer a #criticalanalysis of why his #one-size-fits-all #approach might not work for everyone. From his stance on #debt to his #investment #strategies, I challenge some of Ramsey’s key principles and provide #alternative #perspectives to help you find a financial strategy that suits your #unique #needs. I explore the #pros and #cons of Ramsey’s methods and discuss more flexible, modern approaches to managing your money.

The #CanadianMoneyTalk channel concentrates on #Canadianinvesting and #personalfinance in Canada.