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