Posts by Robb Engen
The Rule Of 30: Book Review
I’ve read a lot of personal finance books over the years. Most say some version of the same thing. Live below your means. Pay yourself first. Avoid debt like the plague. Invest your savings for the future. Rarely do I see a novel concept that gets me excited to share it far and wide. But that’s…
Read MoreWeekend Reading: Giving With A Warm Hand Edition
CIBC’s Deputy Chief Economist Benjamin Tal raised eyebrows this week when he said that one in five first-time home buyers is getting help from their parents with a gift, on average, of $150,000. Not only are more first-time buyers getting financial aid from the bank of mom and dad (up from 15.5% in 2015) but…
Read MoreWeekend Reading: Invest Your Way To Financial Freedom Edition
Two of my favourite writers teamed up for a new book called Invest Your Way To Financial Freedom. A Wealth of Common Sense blogger Ben Carlson and The Evidence-Based Investor Robin Powell offer a simple guide that explains how to set yourself up for financial success. The chapters are short and engaging, written like a…
Read MoreWeekend Reading: Maxed Out RRSP And TFSA Edition
It’s generally a good idea to max out the available contribution room inside your RRSP and TFSA first before moving on to other investment opportunities. Those “other” opportunities may include accelerating your mortgage payments if you own a home, or buying a rental property, or opening a non-registered (taxable) investment account. It’s a topic I…
Read MoreWeekend Reading: Curbing Your Investing FOMO Edition
I hope you’ve had a chance to check out the Canadian Financial Summit this week. This online personal finance and investing conference features more than 35 prominent experts in Canadian money matters, with a wide range of topics from investing, retiring early, travel, and much more. In my session I spoke with co-host Kyle Prevost…
Read MoreA Look At BMO Asset Allocation ETFs
This article has been sponsored by BMO Canada. All opinions are my own. I’m on record to say that the vast majority of self-directed investors should simply use a single asset allocation ETF to build their investment portfolios. What’s not to like about asset allocation ETFs? Investors get a low cost, risk appropriate, globally diversified…
Read MoreConverting Your RRSP To A RRIF At Questrade
Many investors like to take the reins and self-manage their own investment portfolio using a discount brokerage platform. DIY investing can be relatively straightforward during your contribution years, but investing can get more complicated when it comes time to withdraw from your portfolio. This article will explain the steps involved in converting your RRSP to…
Read MoreWeekend Reading: Die With Zero Edition
One of the biggest worries for retirees is the fear of outliving their savings. This fear leads many to spend less than they are able to, both during their working years and throughout retirement. It can also lead to “one-more-year” syndrome, where individuals kick the retirement can down the road a little bit longer while…
Read MoreWeekend Reading: Canadian Financial Summit 2021 Edition
The Canadian Financial Summit is back once again this fall with a terrific line-up of 35+ personal finance experts, including yours truly, to tackle the burning financial questions facing us today. You’ll hear from PWL Capital’s Ben Felix, Millionaire Teacher Andrew Hallam, The Globe and Mail’s Rob Carrick, consumer advocate Ellen Roseman, along with long-time…
Read MoreWeekend Reading: Talking Cents Edition
Money is still a taboo topic in many cultures. Well, that’s not exactly true. We love to complain about money – about the price of gas, the cost of groceries, the rise and fall of lumber prices, our empty bank account, our credit card debt. But we rarely talk about the value of money and…
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