As one of Canada's youngest retirees at the age of 32, and after becoming mortgage-free at 29, Kornel interviews the top financial experts in Canada to help you optimize your investments, reduce your taxes, and help you accelerate your journey towards financial independence and early retirement. He also shares his own experiences and lessons learned in investing and as an early retiree and member of the FIRE (Financial Independence, Retire Early) movement to help you optimize your finances, ...
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How Canada’s Top Finance Creators Actually Invest Their Own Money
1:57:54
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1:57:54Today I’m excited to have a panel discussion with some of the largest personal finance and investing personalities, here in Canada. Together they have over 46 million views on YouTube (that’s more than the entire population of Canada), and in this episode, I thought it would be great to pick their brains on how they actually invest their own money,…
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Important Tax & Investing Changes for 2025 (for Canadians)
1:23:10
1:23:10
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1:23:10Today, we’re going to cover what you need to know from a tax, investing, and financial planning perspective as all our taxes become due here in Canada on April 30th, 2025, and as we get well underway with 2025 in general. As you know, the government makes changes every year in these areas. The implications of these changes can have a pretty substan…
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Are You Overpaying on Your Mortgage? New Mortgage Rules, the Impact of Tariffs, and the Fixed vs Variable Rate Mortgage Dilemma
1:07:01
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1:07:01If you own a home, are thinking about buying or selling a home, or have a mortgage renewal coming up, today’s episode is here to help you make the best financial decisions in this changing market. Ultimately my goal is to save you some money when it comes to all this, or at least make things less stressful for you. We’re bringing back our trusted m…
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Planning Your Own Retirement: A Rare Peek into a Canadian Financial Planner’s Playbook
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58:54
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58:54Have you ever wondered how financial planners in Canada plan their own retirement once they decide to retire? Our guest today is a recurring guest that we’ve had on the show many times. He’s a fee-for-service financial planner with decades of experience in the industry, and while he’s not retired yet, he’s gotten to that age where he’s getting real…
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How to Optimize Your Investments and Taxes for 2025 (for Canadians)
1:22:45
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1:22:45With the end of the year arriving and the new year starting shortly, there are certain deadlines that you should be aware of every year, from an investment and tax optimization perspective. There are also some elements to keep top of mind as the new year begins. These happen every year, so even if you are listening to this episode years from now, i…
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The Complexities of Transitioning Your Savings Into Income in Retirement (For Canadians)
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36:13Today, we tackle one of the most intricate financial puzzles faced by Canadians: transitioning from accumulating wealth for retirement to effectively managing it during the decumulation phase—when you’re actually living off your investments. In this episode, we’ll explore why this shift can be so complex, even for seasoned savers and investors. You…
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5 Major Lessons Learned When Managing Your Retirement Finances (In Canada)
1:02:53
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1:02:53On today’s episode we have another Canadian guest, Kyle Prevost, who achieved financial independence at an early age (he was able to pull it off in his 30s). He’s also done hundreds of financial talks and interviews over the years with both regular Canadians, and some of the most highly respected financial experts in both Canada and the US. In this…
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Protecting Your Net Worth (For Canadians): What Insurance Do You Need?
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51:17We all spend decades accumulating and growing our net worth, along with many hours of research and studying to optimize our investments and minimize our taxes as Canadians. But what if a single incident wipes all that out? or even just a large portion of it out? Wouldn't it be completely irrational to not eliminate that risk? The best solution that…
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Financial Lessons Learned After 10 Years of Interviews on the Build Wealth Canada Podcast
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50:57This interview will be a bit different as I was recently interviewed by Financial Journalist, Ellen Roseman from Canadian MoneySaver Magazine where she asked me some great questions, and so I thought it would be great to also publish that interview, here on the Build Wealth Canada Show. In the interview, we cover what lessons for Canadians I have l…
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The Top Money Blind Spots and Questions Canadians Have
1:17:28
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1:17:28In this episode, I interview two professional financial planners to discover what are the most common questions that they receive when working with Canadians. Our two guests are also going to cover what the most important and frequently occurring blind spots are that we Canadians tend to make in our own finances. We also cover how to know if you ar…
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How to Live Off Your Investments in a Sustainable, Stress-Free, and Tax Efficient Way in Canada. Featuring Ed Rempel, CFP
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57:04When we first hit our financial independence number 8 years ago, one of the financial planners that I asked to look at our numbers before my wife and I quit our full-time jobs was Ed Rempel. At the time, I asked Ed if he could do his own math and analysis on our numbers, to make sure that I didn’t miscalculate something when I was doing it myself, …
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Avoiding the Yield Trap: Are You Too Focused on Generating Income From Your Investments?
1:02:14
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1:02:14Having your investments pay you large dividends or yield sounds great. It’s truly passive income where money just shows up in your account without you having to do anything, and without you having to sell off any of your investments even when markets are down. But what if you get too focused on maximizing dividends or yield in your portfolio? After…
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How to Prevent Fraud in Your Accounts in Canada
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47:35A big thanks to RBC for sponsoring this episode. We talk a lot about growing our net worth as Canadians, but what about actually protecting our assets from threats like fraud? So, I thought we’d get some security experts on the show to teach us some best practices when it comes to protecting ourselves and our family, especially when it comes to our…
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The Top Investing Mistakes Canadians Make
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42:54When it comes to managing our investment portfolios, there are definitely some mistakes that are easy to make, and ones that a lot of Canadian investors tend to do. In this episode, we have Peter McMurtry on the show who is going to take us through what the common mistakes are that Canadian investors tend to do, as well as the best practices that h…
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How to Save Money on Your Mortgage + 2024 Housing & Interest Rate Update
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50:28With inflation slowing down here in Canada, we are starting to hear talks about the Bank of Canada no longer planning to increase our interest rates, or maybe even lowering them. This can have an impact on your investment portfolio, particularly if you hold bonds, because remember there is that inverse relationship between interest rates and bonds,…
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Important Tax & Investing Changes for 2024 (for Canadians)
1:17:41
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1:17:41Today, we’re going to cover what you need to know from a tax, investing, and financial planning perspective as we head into this new year. As you know, the government makes changes every year in these areas and the implications of these changes can have a pretty substantial impact on how much you pay in taxes, your net worth, what government benefi…
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Where to Park Your Cash? Regulatory Changes & What Are Your Options in Canada?
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58:03We’ve all heard of high interest savings accounts that we can open up at our bank. But is that always our one and only best option when it comes to where we keep our short term cash? What about for things like our emergency fund, or when we are saving for something expensive like a car and we want that money to be available immediately when we need…
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How to Live Off Your Investments in Canada - Kyle Prevost
52:55
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52:55In this episode, you’re going to learn: How to deal with the volatility of the stock market, once you are financially independent and are living off your investments: There are many schools of thought and structures when it comes to dealing with this challenge here in Canada. Retirement expert, Kyle Prevost takes us through his research on the top …
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4 Steps to a Worry-Free Retirement in Canada - Kyle Prevost
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48:43In this episode, our guest Kyle Prevost is going to take us through how much we need to retire, as Canadians, and how much can we sustainably withdraw from our portfolio to not run out of money once we retire. If you are a long-time listener of the show, then by now you would have definitely heard of the 4% rule, which helps answer these two questi…
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Paying Less in Interest, Getting the Right Mortgage (New or Renewal), Handling the Higher Interest Rates in Canada
58:28
58:28
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58:28With the multiple interest rate hikes that we’ve been experiencing here in Canada, many Canadians have seen their monthly cashflow take a hit, whether it’s because you have a variable rate mortgage, a line of credit, or other forms of debt. So what are your options if you’re paying more than you’d like on your interest payments, or maybe you have t…
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Lessons on Mastering Money in Canada - Featuring Fred Masters
1:01:37
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1:01:37Today we have Canadian author and speaker Fred Masters on the show. Fred has been a professional financial educator for decades here in Canada. He speaks at different universities to students and alumni, teaching financial wellness. In this episode, he’s going to share his findings on: What he’s found to be the main problem areas that tend to preve…
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How to Optimize Your Investments to Pay the Least in Tax (for Canadians)
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41:10Today, you’re going to learn how you can save money on your investments, by having the right investments, in the right accounts so that you pay as little tax as possible here in Canada. For example, if you hold Canadian stocks, or ETFs that hold Canadian stocks, should you put those in your RRSP? Your TFSA? Or your taxable account? Which one of tho…
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How Much Should You Optimize Your Investment Portfolio? The Pros and Cons of Each Approach
51:32
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51:32Today, you are going to learn about how much you can save in fees and taxes on your investments, depending on how much time you want to spend optimizing your investment portfolio. In Canada, there are inexpensive options that make things extremely easy and automated for you, but they are slightly more expensive and slightly less tax efficient. On t…
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Ask Kornel: Should I Switch My Investments? Should I Be Worried? Are My Investments Falling Behind?
55:52
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55:52Today I’m going to be answering your questions, to help you out as much as I can in the world of personal finance and investing, here in Canada. We’re going to focus on actionable, practical advice, specifically for Canadians while taking into account the investment options that we have here in Canada, factoring in our Canadian taxes to make sure t…
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How to Raise Money Smart Kids, Teens and Young Adults
1:10:06
1:10:06
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1:10:06It’s graduation season here in Canada, so we thought it would be good to focus this episode on parents with kids, those with nieces and nephews, as well as those that are students or fresh out of school. This week, we cover the topic of how to best set up young Canadians and young adults for success, when it comes to money. Sadly, if you’re my gene…
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