The Wealthy Barber Podcast

Jessica Moorhouse: How to Take Control of Your Relationship with Money | TWB Podcast #4

Our guest this episode is Jessica Moorhouse—a Canadian personal finance creator, host of the “More Money Podcast,” and soon-to-be-published author of the book “Everything but Money: The Hidden Barriers Between You and Financial Freedom.”
In this episode Dave and Jessica discuss how our emotions and past experiences affect our relationship with money including bad financial habits people learn from their parents, biases that get in our way, why the financial industry benefits from making it seem more complicated than it is and much, much more.
Don’t miss this engaging discussion with Jessica Moorhouse.
 
Show Notes00:00 – Introduction00:56 – Jessica's Background03:21 – How Jessica's Podcast Started05:51 – Jessica's Upcoming Book11:43 – Bad Money Habits We Learn From Our Parents15:34 – Money and Shame17:18 – How to Take Control of Your Relationship with Money19:07 – Status Quo Bias22:15 – Anyone Can Learn to be Good With Money24:33 – Overconfidence Bias in Young Men27:02 – Women and Investing29:02 – Emotions and Investing31:51 – Index Investing & Fintech33:51 – Focus on What You Can Control and Don't Give Up Hope38:10 – Living in Toronto40:37 – The Best Financial Educators Are Truly Trying to Help43:55 – Happiness and Financial Planning46:39 – COVID49:18 – Where to Get Jessica’s Book

Rob Carrick: How Personal Finance in Canada Has Changed Over the Last Three Decades | The Wealthy Barber Podcast #3

Our guest this episode is Rob Carrick—one of the most well-known personal-finance experts in the country through his 30+ years as a financial writer and columnist for The Globe and Mail. 
In this episode Dave and Rob discuss how personal finance in Canada has changed over the last 35 years including how more parents are helping their adult-age children financially, how social media is increasing the pressure to spend, why FHSAs are the ultimate no-brainer and much, much more.
You'll enjoy this discussion with Rob Carrick.
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The Wealthy Barber Podcast is Canada’s go-to source for approachable, entertaining, and free financial education. Hosted by none other than David Chilton—former Dragon on CBC’s ”Dragons’ Den” and the best-selling author of ”The Wealthy Barber” and ”The Wealthy Barber Returns”—this podcast is here to help Canadians manage their money better. Much better.
Find all episodes and more Canadian personal finance content at https://thewealthybarber.com.
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Show Notes:(00:00:00) – Introduction(00:03:30) – It's More Expensive to Have Kids Today(00:06:01) – Pressure to Spend(00:07:24) – Crazy What People Spend on Cars(00:09:24) – Spending & Lines of Credit(00:12:27) – What Dave is Seeing From People's Spending Summaries(00:13:47) – It’s Financially Difficult to be Single(00:15:12) – Costs Are Rising for Seniors(00:19:06) – More Parents Are Helping Their Kids Financially(00:22:09) – People Need Help with Retirement Planning(00:27:05) – Fee-Only Financial Planning(00:31:19) – Divorce Rates Going Down(00:32:18) – People Are Having Fewer Kids(00:33:13) – Boomers Had It Easier(00:36:18) – Pensions Are Making a Comeback(00:38:18) – Counting on Inheritances(00:39:05) – Some Young People Are Giving Up(00:40:16) – Anyone Can Manage Their Money Well(00:41:24)  – Is Personal Finance Harder Today?(00:42:17) – Pets Are More Expensive Than You Expect(00:44:30) – You Have to Make Spending Tradeoffs(00:46:16) – You Feel Better When You’re On Top of Your Finances(00:48:44) – Debit vs. Credit Cards(00:50:54) – Should Couples Manage Their Money Together?(00:54:01) – FHSAs(00:55:08) – TFSAs(00:58:11) – The Problem with the Bank-Branch System in Canada(01:00:23) – FHSAs Are a No-Brainer(01:03:39)  – Why Hasn’t Canada Embraced Passive Investing Like the US?(01:05:38) – The Wrong Way to Use ETFs(01:08:26) – Men vs. Women Investing(01:12:19) – Why Don’t Canadians Use Mortgage Brokers?(01:14:08) – RRSPs are Still Great(01:16:48) – Conclusion

Robin Taub: How To Teach Your Kids About Money | The Wealthy Barber Podcast #2

Our guest this episode is Robin Taub—a financial educator focused on helping parents teach their kids to be responsible, independent and money-smart for life through her award winning book “The Wisest Investment” and public speaking engagements.
In this episode we discuss all things parents should know when teaching their kids about money, from allowances, to piggy banks, to how much kids should save, and much more. You'll enjoy this discussion with Robin Taub.
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The Wealthy Barber Podcast is Canada’s go-to source for approachable, entertaining, and free financial education. Hosted by none other than David Chilton—former Dragon on CBC’s ”Dragons’ Den” and the best-selling author of ”The Wealthy Barber” and ”The Wealthy Barber Returns”—this podcast is here to help Canadians manage their money better. Much better.
Find all episodes and more Canadian personal finance content at https://thewealthybarber.com.
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Show Notes:
(00:00:00) Introduction
(00:01:11) How Do You Teach Kids About Money?
(00:07:38) Allowances
(00:11:41) Robin's Book & Framework
(00:15:52) Teaching Kids About Investing 
(00:18:55) People Are Having Fewer Kids 
(00:20:00) Young People More Affected by Inflation 
(00:22:42) Piggy Banks 
(00:24:04) Spending in the Digital Era 
(00:26:01) "Cooling-Off" Periods
(00:27:25) How Much Kids Should Save
(00:28:59) Grandparents More Financially Involved Now 
(00:31:58) Biggest Money Mistakes Parents Make
(00:35:08) Money Stress is the Worst Stress
(00:37:14) The Importance of Sharing
(00:41:09) Dave & Robin's Kids 
(00:45:01) Other Resources for Parents
(00:47:08) Conclusion

Preet Banerjee: All Things Canadian Personal Finance | The Wealthy Barber Podcast #1

Welcome to the inaugural episode of The Wealthy Barber Podcast!
 
Our first guest is Preet Banerjee—one of the top financial educators in Canada, having been a regular for years on CBC's The National, renowned speaker and author of the bestselling book, “Stop Overthinking Your Money.” Recently, Preet completed a doctorate with his research focusing on the value of financial advice to Canadian households and how to improve the outcomes for the mass market. 
 
In this episode, we discuss what Preet learned from his research and all things Canadian personal finance, from RRSPs versus TFSAs, to active versus passive investing, to whether investing in Canadian rental real estate still makes sense, to who has the better hair and much, much more. You'll enjoy this discussion with Preet Banerjee, a great communicator and a truly great guy.
 
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The Wealthy Barber Podcast is Canada’s go-to source for approachable, entertaining, and free financial education. Hosted by none other than David Chilton—former Dragon on CBC’s ”Dragons’ Den” and the best-selling author of ”The Wealthy Barber” and ”The Wealthy Barber Returns”—this podcast is here to help Canadians manage their money better. Much better.
 
Find all episodes and more Canadian personal finance content at https://thewealthybarber.com.
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Show Notes:
(00:00:00) Introduction
(00:01:59) Preet’s Research
(00:06:16) Biggest Problem Young Canadians Face Today
(00:10:32) RRSP vs. TFSA
(00:13:06) FHSAs
(00:14:38) Active vs. Passive
(00:20:40) Men vs. Women Investing
(00:23:52) Inflation
(00:29:14) Who has better hair?
(00:29:47) Giving Advice to the Masses
(00:32:36) Group RRSP Matching
(00:34:58) Investing in Rental Real Estate in Canada
(00:37:41) Getting Help From Parents
(00:40:19) Emergency Funds
(00:43:08) Has the Pendulum Swung Too Far
(00:45:23) Other Personal Finance Creators
(00:48:02) An Experience That Changed Preet’s Perspective on Life
(00:51:35) Conclusion

The Wealthy Barber Podcast Trailer

The Wealthy Barber is back! Dave Chilton has spent over 35 years demystifying personal finance, offering understandable, unbiased, and actionable advice that has empowered millions of Canadians to achieve their financial goals. Now, he’s bringing that same wisdom to your favourite podcasting platforms, with regular episodes designed to make personal finance simple, relatable, and yes, even entertaining.