Unconventional Wisdom podcast

#Trading #Business #Podcasting Education #Unconventional Wisdom & Advice Inc #Ed Rempel

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Did you know there’s an actual science to uncovering your hidden genius? It’s not about filling out a “dream job” worksheet—it’s about understanding how your brain is wired, identifying your natural aptitudes, and using them to thrive. This isn’t just a self-discovery exercise. It’s a game-changer for your career, your relationships, and how you show up in the world. Betsy Wills and Alex Ellison are redefining how we approach career discovery, proving that finding the right path isn’t just about landing a job—it’s about creating a life that aligns with who you actually are. ✅ Betsy Wills – Cofounder of YouScience, a groundbreaking psychometric assessment platform reshaping how we understand our talents. She’s also the Director of Marketing & Branding at Diversified Trust and a frequent lecturer at Vanderbilt University and NYU’s Stern School of Business. ✅ Alex Ellison – Founder of Throughline Guidance, a global college and career counseling practice. She’s a sought-after writer, speaker, and expert in college readiness and career development. ✅ Together, they co-authored Your Hidden Genius: The Science-Backed Strategy to Uncovering and Harnessing Your Innate Talents. Discovering your hidden genius isn’t just about career success—it’s about tapping into what makes you, you . Connect with Betsy & Alex: Website (Free Downloads): www.yourhiddengenius.com Book: https://www.harpercollins.com/products/your-hidden-genius-elizabeth-m-willsalexandra-ellison Related Podcast Episodes: How To Be You, But Better with Olga Khazan | 288 Finding Purpose Through Human Design with Emma Dunwoody | 228 195 / Finding (And Using) Your Voice with Amy Green Smith Share the Love: If you found this episode insightful, please share it with a friend, tag us on social media, and leave a review on your favorite podcast platform! 🔗 Subscribe & Review: Apple Podcasts | Spotify | Amazon Music…

Unconventional Wisdom

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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.

125 επεισόδια

Unconventional Wisdom

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125 επεισόδια

#Trading #Business #Podcasting Education #Unconventional Wisdom & Advice Inc #Ed Rempel

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Unconventional Wisdom

1
Can You Be Confident in the Stock Market (Updated) 25:12

πριν 14 μέρες25:12

25:12

Which is true? 1.The stock market is a gamble. Decent investment, but it may or may not make money for you. 2.The stock market is a reliable long-term investment. It should be the core of your long-term investments. To invest effectively for your future, it is vital to be confident in your investments. Here is the historical data to give you a clear picture of what long-term investors can expect. By the end, you’ll have a clearer answer to the big question: Is the stock market the best way to build wealth over time? This is an updated post with new insights. Here’s what I’ll cover: How does the investment industry see risk? How do financial planners see risk? What is the highest return asset class? Why does the stock market rise? What is the most reliable asset class after inflation? How large and how long are stock market declines? How long is “long-term”? What exactly is risk tolerance? How should long-term investors invest?…

Unconventional Wisdom

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How to Donate Effectively and Avoid Telemarketers - Interview with John Bromley, Founder & CEO of Charitable Impact 53:05

πριν 22 μέρες53:05

53:05

Last year, I did a video on How to Donate Effectively, where we explored the idea that one of the ultimate status symbols is creating your own charitable foundation—and how to make a real impact with your giving. In my latest video I interview John Bromley, the Founder and CEO of Charitable Impact, the platform we personally use to make giving easier and more effective. John has dedicated his career to helping Canadians maximize their impact through strategic giving. His company has proudly facilitated over $1.5 billion in donations, empowering tens of thousands of people to tap into their generosity, pursue their vision for change, and develop meaningful giving habits. Beyond his work in philanthropy, John is a two-time TEDx speaker, a recipient of Business in Vancouver’s 40 Under 40 award, a soccer coach, and a doting father of two. In this podcast episode you’ll discover: Why Charitable Impact was created. How Charitable Impact works for donors. Why open a personal charitable foundation? Donor-advised funds vs. private foundations. Should you involve your family in charitable giving? What happens to your foundation after you pass away? Does Charitable Impact help you find the right charity? Why donate? What is a proactive donor? Should you have a donation plan? Can others contribute to your foundation? The future of charitable giving. Biggest challenges & focus areas for charitable giving. What larger donors need to know. How to choose the right cause for your values.…

Unconventional Wisdom

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What’s New in Tax 2025 14:59

πριν 29 μέρες14:59

14:59

Every year, tax rules change. For 2025 there are six main tax changes that you’ll want to know about. And there’s good news: two major uncertainties are finally gone! No more reporting requirements for "bare trusts"—saving many Canadians unnecessary paperwork and fees. The proposed capital gains tax hike? Likely off the table. In my latest podcast episode you’ll learn What are the 2 big uncertainties that are gone now? What are the 6 main tax changes for 2025? What is the new picture for saving for your first home? Enjoy! Ed…

Unconventional Wisdom

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Realizing You Somehow Became Wealthy 22:08

πριν 5 weeks22:08

22:08

I often talk with people who realize—almost by surprise—that they’ve become wealthy. They never really thought of themselves as wealthy, but after years of saving and investing effectively, it hits them: I’m actually wealthy. And let me tell you—being wealthy feels different In my latest podcast episode, I talk about: How do you become wealthy slowly? How do you know if you are financially independent? How do you know if you are “wealthy”? How does the mind shift feel? What mind shifts usually happen? What are typical mind shifts about how you spend your money? What are typical mind shifts about weekends & free time? What are typical mind shifts about vacations? What are typical mind shifts about friends & family? What negative feelings sometimes happen? Does the mind shift start when you realize you’ll be wealthy in retirement? Rethinking your values as a wealthy person. What is your legacy? How do you want to be remembered?…

Unconventional Wisdom

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Retiring Right Before or During a Recession. Debunking “Sequence of Returns Risk” - Canadian Financial Summit 2024 23:32

πριν 6 weeks23:32

23:32

Bloggers and advisors constantly warn about the “Sequence of Returns Risk”—the fear that retiring right before or during a market crash will drain your savings too quickly. This fear often leads retirees to make poor investment choices, resulting in: 🚨 Inferior portfolios 📉 Lower returns ❌ A less reliable retirement But how real is this risk? And do the conventional solutions—like investing in bonds or following the 4% Rule—actually work? Is it true that “sequence of returns risk” has been debunked for long-term equity investors? In my latest podcast episode you’ll learn What is “Sequence of Returns Risk”? What solutions are typically recommended? What is the actual risk of running out of money with a bad sequence of returns? Why don’t the typical solutions work? How long did it take to recover from the biggest crashes? How can you get the maximum reliable retirement income? What should you do if your risk tolerance is lower? What is “Your Personal Rule” for you to use instead of the “4% Rule”? What solution to “Sequence of Returns Risk” actually works? What dynamic spending rules are suggested by actuaries & advisors? What is Ed’s dynamic spending rule? How is it customized for you?…

Unconventional Wisdom

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New Study Supports 100% Equity Investing for Life – The Debate 29:54

πριν 7 weeks29:54

29:54

Recently, I posted a video “New Study Supports 100% Equity Investing for Life” that went semi-viral with 14,000 YouTube views & 1,000 podcast downloads. There is an interesting active debate mainly on YouTube, and a bit on my blog with a lot of comments and questions. Let’s look at them and join the debate. The evidence from the study to invest 100% in equities for life is certainly unconventional, so the comments revealed interesting insights. This is an important topic. I have many posts on my blog over almost 20 years about how much better your Financial Plan and retirement income are with a high equity allocation. I have posts about other studies, including my own. I believe people with a high enough risk tolerance who will stay invested through market crashes should invest 100% in equities. This is unconventional wisdom – but studies show it works! In my latest podcast episode and blog post you'll discover: What did the study actually say? What did most of the comments agree on? Does the study support 100% equities right through retirement? Won’t many people panic and sell? How does the recommendation of 67% international look for US vs. non-US investors? Do international stocks provide good diversification? Would this work in some time periods but not others? Would it work for narrower equity indexes, such as the NASDAQ? Is this study new? Isn’t the risk of running out of money in retirement similar for 100%, 80% & 60% equities? Isn’t it better to keep some cash?…

Unconventional Wisdom

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How to Easily Outperform Financial Advisors, Robo-Advisors & Index Investors (Canadian Financial Summit 2024) 37:36

πριν 10 weeks37:36

37:36

Why do so many Canadians struggle to achieve financial freedom, even with a solid financial plan? Why do they retire with less than they hoped for, despite diligently saving and investing? The answer often boils down to two things: suboptimal investments and a misguided focus on risk. In my latest podcast episode, we’ll uncover why good investment performance is essential for your financial success and show you how to take control of your portfolio. We’ll also address common misconceptions about risk in the investment industry and uncover the secrets to thinking like a successful investor. You’ll learn: Why is good performance important for your life? What rate of return do you need to become financially independent? What are the 4 performance drags that reduce investment returns? What is the Asset Allocation Loss Ratio (AALR)? Why is it easy to outperform financial advisors? What is wrong with the investment industry definition of “risk”? Why is it easy to outperform robo-advisors? Why is it easy to outperform index investors? How can you learn to think properly about investing? What are the secrets to outperforming?…

Unconventional Wisdom

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7 Best Ideas to Optimize the Smith Manoeuvre (Canadian Financial Summit 2024) 32:28

πριν 11 weeks32:28

32:28

With its quirky name, the Smith Manoeuvre might sound unconventional, but it’s a strategy that truly works—when done by the right people, in the right way, over the long term. From crafting over 1,000 professional Financial Plans, I’ve seen firsthand how the Smith Manoeuvre can transform your finances, helping Canadians use their home equity to invest for their future without impacting their cash flow. When included as part of a comprehensive financial plan, this strategy can empower you to achieve the life you’ve always envisioned. But optimizing the Smith Manoeuvre requires more than just the basics—it’s about mastering the practical details and understanding how to maximize its benefits. In my latest podcast episode you’ll learn: What is the right reason to do the Smith Manoeuvre? How do you know if you are the right person for the Smith Manoeuvre? What is the right mortgage? How can you keep it 100% tax deductible? Which of the 8 Smith Manoeuvre strategies is right for you? Why is it critical that the Smith Manoeuvre is a long-term strategy? What is the right mindset to minimize the risk & maximize the benefits?…

Unconventional Wisdom

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New Study Supports 100% Equity Investing for Life 15:59

πριν 13 weeks15:59

15:59

For years, conventional wisdom has preached the benefits of diversifying between stocks & bonds and gradually shifting to safer investments as we age. But what if these widely accepted strategies are fundamentally flawed? A newly published, high-quality study is flipping the script on traditional investment advice, making a compelling case for a 100% equity strategy throughout life. This research, backed by robust data from 39 developed countries and spanning long-term investment horizons, challenges two key conventional wisdoms: That savers should diversify between stocks and bonds. That young people should invest more heavily in stocks than when they are older. Instead, the study reveals that an all-equity portfolio—with a notable tilt toward international stocks—outperforms traditional stock-bond strategies in building wealth, ensuring reliable retirement income, and preserving capital. In my latest podcast episode you'll discover: Is this new study a high-quality study? What does the study prove? What is the effective way to diversify? In what 2 ways is diversifying with international stocks better than with bonds? Why should investors keep the same allocation to stocks as they get older? Is the all-equity strategy safe? Should we actually invest 67% into international stocks? What studies already on my blog agree with this study?…

Unconventional Wisdom

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Monthly Fixed Pay ETFs & Funds Are a Brain Fart! 20:07

πριν 15 weeks20:07

20:07

I talk with people all the time who have an ETF or mutual fund that pays a fixed monthly amount. In most cases, they misunderstand it. Most think they are receiving regular income—but chances are, it’s usually a brain fart. Many investors misunderstand how these monthly pay investments work. From covered call ETFs and dividend funds to monthly income funds, mortgage funds, T8/T6 mutual funds, and REITs, the mechanics can be confusing—and the implications even more so. In my latest podcast episode you’ll learn: Why are monthly pay ETFs and funds a brain fart? How do fixed monthly pay ETFs or funds work? Why is a monthly distribution not part of your rate of return? What is the difference between a distribution and a dividend? Why is a monthly distribution not new money? Why does a monthly distribution = Selling shares? Why does a reinvested distribution = No distribution? Why do covered call funds usually have lower returns but higher tax? Why are monthly pay ETFs/funds a problem for retirement income? Why are monthly pay ETFs/funds a problem for leverage investors? How can we get out of the Brain Fart? How can you perfect monthly pay funds? What are self-made dividends? Why are self-made dividends a perfect fit for your life?…

Unconventional Wisdom

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RRSP/RRIF Meltdown Strategies 26:05

πριν 17 weeks26:05

26:05

Ever wondered how you can get the money out of your RRSP with a minimum of tax? RRSP/RRIF Meltdown Strategies can allow you to withdraw from your RRSP or RRIF and have very little income show on your tax return. However, there are some tricky complications, and these strategies are not for everyone. In my latest podcast episode you’ll learn: How does the RRSP/RRIF meltdown strategy help you withdraw from your RRSP with minimum tax? Why should it be called the RRIF Meltdown Strategy, not the RRSP Meltdown Strategy? Why are self-made dividends the secret to an effective RRIF Meltdown Strategy? What are the 4 tricky complications? Why does the traditional RRIF Meltdown not melt your RRIF down? What is the problem with starting it before you retire? What is the problem with starting it when you retire? What are the 3 main RRIF Meltdown Strategies? What are the 6 steps to implementing the RRSP/RRIF Meltdown Strategy effectively?…

Unconventional Wisdom

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How Did the Wealthy Get Wealthy? Can I Copy Them? 21:26

πριν 18 weeks21:26

21:26

In a recent podcast episode, I talked about who the poor & wealthy are and how did they get there. Today, I’m diving deeper into one crucial aspect: how the wealthy became wealthy. Can their strategies work for you? Over the years, I’ve seen the full financial picture of thousands of Canadians and read countless studies on wealth building. While my clients are generally higher-income, growth-focused individuals who work with a financial plan, I’ve also spoken to countless others—through this blog, in person, and within my network of wealthy individuals. These insights have given me a clear understanding of who achieves financial success and the steps they took to get there. In my latest podcast episode you’ll learn: How much do you need to be “wealthy”? What types of people have high net worth? What is a “productive growth asset”? Do you have to borrow to invest to become wealthy? What does the Lifecycle Investing study tell us about growing wealth? How can you copy their methods and become wealthy?…

Unconventional Wisdom

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Lifecycle Investing: The Ultimate Strategy for Younger People – An Example 27:27

πριν 19 weeks27:27

27:27

I often get asked about Lifecycle Investing and how to implement it. If you're under 40 and saving to achieve financial independence, this might be the most powerful strategy you’ll ever learn. Lifecycle Investing has proven itself consistently over the last 150 years, increasing portfolios at retirement by an average of 63%. It has worked 100% of the time, and its success lies in addressing one of your biggest financial risks: “Last Decade Risk.” However, it’s not for everyone. This strategy often involves borrowing to invest and maintaining a high equity allocation during certain phases of your life. Think of it as a concept rather than something to execute literally. Understanding it can completely transform how you manage your money. Get your Financial Plan first. Lifecycle Investing involves thinking through the best way for you to do it over the next few decades. Creating your Financial Plan is an interactive process to help you think through all your various life options. To understand Lifecycle Investing, first you need to understand what is wrong with the conventional method of “bit-by-bit” saving. An example is the best way to understand it. In my latest podcast episode you’ll learn: What is Lifecycle Investing? Why has it increased portfolios 100% of the time over the last 150 years by an average of 63%? What is “Last Decade Risk”? How does a bad decade just before retirement impact your savings? What’s wrong with conventional “bit-by-bit” saving? Why do returns before age 45 have so little impact on your life? How does Lifecycle Investing finance your retirement like a mortgage finances your home? What does it mean to diversify across time? What’s an example of Lifecycle Investing compared to traditional saving? How do you adapt your asset allocation for Lifecycle Investing? How can you implement it? How can it work for those who want maximum growth? Why is a financial plan crucial before starting Lifecycle Investing?…

Unconventional Wisdom

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Who Are the Wealthy and How Did They Get Rich? 29:23

πριν 21 weeks29:23

29:23

As a financial planner, I’ve had a unique view into the full financial picture of thousands of Canadians and have read countless studies. My experience spans clients of varying financial backgrounds, as well as countless conversations with readers of my blog, friends, and acquaintances. Although our clients may not represent the entire population—they tend to have higher incomes, are growth-focused, and always work with a clear plan—my broad exposure has helped me form a solid understanding of what wealth really is and the common ways people achieve it. In my latest podcast episode I’ll cover some key questions that get to the heart of wealth. You’ll learn: How much do you need to be “wealthy”? What do media stories get wrong about the wealthy and the poor? Why are people with high incomes different from people with high net worth? Is a high income important to become wealthy? Do most wealthy people inherit their wealth, or do they grow it themselves? What types of people have high net worth? What does the Lifecycle Investing study tell us about growing wealth? How can you become wealthy?…

Unconventional Wisdom

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Your FREE passes: See my talks at the #1 online event – Canadian Financial Summit 2024 4:31

πριν 24 weeks4:31