Unconventional Wisdom
Welcome to the Unconventional Wisdom podcast. The show that helps you achieve financial security & freedom. Insights based on in-depth experience from Canada's #1 financial planner blogger. Find out what really works. Your host, fee-for-service financial planner & tax accountant, Ed Rempel.
Episodes
Tax brackets for parents and seniors are way different than you think.
This might be a real eye opener for some people because I think a lot of people that do some basic tax planning are doing it all wrong.
In my latest podcast episode I'm going to give you a tax planning made easy using tax brackets.
I'm going to show you how, some basics of tax brackets, and briefly how tax pl...
When planning for retirement, many Canadians rely on a government pension like OMERS (Ontario Municipal Employees Retirement System) as their foundation.
Do you need savings in addition to your government pension to maintain the lifestyle you want?
A buddy called me from his car and said, “I’m driving. Will I get to my destination on time?” I asked, “Where are you going and where are you now?...
In the vast landscape of personal finance, dividend investing has carved out a significant niche.
Whether you're browsing through countless blogs or hearing investment advisors champion its benefits, it’s clear that dividend investing is a popular choice, especially with the FIRE (Financial Independence, Retire Early) community.
However, a closer look reveals that almost all the advantages cl...
The Smith Manoeuvre is an efficient strategy to use your home equity to invest for your future without using your cash flow, while converting your mortgage into a tax-deductible debt.
If you do the Smith Manoeuvre, understanding the new OSFI mortgage rules is crucial.
In this podcast episode with Barry Choi, I break down what the changes mean and how they impact your strategy.
Yo...
With the Canadian Financial Summit coming up at the end of October, I wanted to share over the next few weeks content that Summit attendees had access to last year.
When you register you get access to talks like these, plus a myriad of other speakers who are some of Canada’s top financial experts.
I’ll be promoting the Summit and giving away free tickets too!
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When...
Most people struggle with money.
It might feel like you’re the only one who doesn't have it all figured out, but trust me, you're not alone.
Over the last two months, I've had countless conversations with individuals just like you who are grappling with various financial concerns.
In my latest podcast episode, I share 25 common worries and questions that I have been asked just ...
Here are three key insights that I believe are essential for navigating the rest of the year and beyond.
These insights are grounded in the principles that have guided our successful financial planning and investment strategies.
The three key areas: Some timeless truths that guide our financial planning, a few observations on the markets so far this year, and an update on what we’re doing in ...
Many people are saving for their kids’ future education costs in an RESP.
For some parents, it is a higher priority and they want to be able to maximize the benefits of an RESP - not just contribute the standard $2,500/year for each child.
In my latest podcast episode I talk about the five hacks to maximize your child’s RESP.
You’ll learn:
- Ho...
The Smith Manoeuvre has long been a popular strategy for Canadian homeowners seeking to convert their mortgage debt into tax-deductible investment debt.
However, recent tax and regulatory changes have impacted the efficacy of the Smith Manoeuvre, and further changes from the Liberal government could pose additional challenges.
In my latest video I give an analysis of the current landscape and...
Have you ever wondered how long you might live?
Understanding life expectancy is crucial for planning a secure and fulfilling future.
In my latest podcast episode I explore the dramatic changes in life expectancy over the past century, why it's expected to continue increasing, and how this impacts your retirement planning.
You'll learn:
- Ha...
Deciding between a Tax-Free Savings Account (TFSA) and a Registered Retirement Savings Plan (RRSP) can be one of the most challenging financial decisions you'll face.
Each has its benefits, and the right choice depends on your unique financial situation.
In this post, I'll guide you through understanding the factors that determine whether a TFSA or RRSP is better for you and how a financial ...
How long should you expect to be retired?
You want your money to last the rest of your life. How long will you live?
What quality of life will you have? What will your lifestyle cost you when you are older?
What if you could:
- Live longer (long lifespan).
- Be healthy longer (long healthspan).
- Have financial freedom longer (long wealthspan).
In my latest podcast episode I talk about:
- Why it's smart to plan for a longer...
I recently worked with Kornel Szrejber, host of Canada’s #1 financial podcast “Build Wealth Canada”, on his family’s financial plan, so he could feel confident about his retirement.
Kornel retired in his 30s, but he was starting to feel anxious because he wanted to make sure he wasn’t overspending.
This podcast interview is a Q&A between the two of us where we talk about Kornel’s situation, as...
You know the basics about the Smith Manoeuvre.
It’s one of the most effective wealth building strategies if done by the right people in the right way over the long term.
My latest podcast episode can be found on Sean Cooper’s “Burn YourMortgage” podcast on YouTube and his website www.BurnYourMortgage.ca, and you can listen here too.
You’ll learn:
You may have heard that we just had a new budget here in Canada, and increased the taxes on capital gains.
Canadians with a rental property, cottage or investments and their tax advisors are scrambling to figure out what to do before the deadline of June 25, 2024.
Here are the questions we’ll cover in this latest podcast episode:
What is the new higher capital...
You may be thinking – what difference can I make in the world?
As a financial planner I talk a lot about money, however, it’s not really about the money itself, but what it does for your life – how to live well, retire comfortably, and give back.
In my latest podcast episode, I give you some ideas to help you choose causes that matter to you, as well as talking about financial & tax planning f...
It’s easy to outperform financial advisors.
Why?
Conventional wisdom is they underperform because of fees, but there is a bigger reason.
They don’t even try to outperform. They try for: “Reasonable return with less risk”.
Financial advisors are mainly salespeople, not financial planners.
They are more likely to lose a client because of a 30% 1-year marke...
Divorce is never financially smart!
As a financial planner, I don’t recommend divorce. It’s bad for your finances!
However, you can go through it in the most financially smart way – to leave both of you in the best possible position.
We have seen quite a few people go through divorce.
We’ve seen some total disasters, fighting for years through lawyers with monstrous l...
Many people today feel they have no choice but to be a tenant, however, what if you actually choose this?
You can choose to be a tenant forever and it can be a great life!
I’m going to introduce you to the concept of “Tenant Freedom,” to show you how great of a life it can be.
Watch my latest podcast episode to find out:
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Gold goes down on inflation.
Why doesn’t the industry know this?
This is one of the most common and wrong conventional wisdoms.
The conventional wisdom is that Gold protects you from inflation, so if we have high inflation Gold should be up. It should maintain its value.
The problem is – this isn’t true and hasn’t been true for decades.
So why does the i...
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