The Chiro Money Show

033 | Why 98% of Canadian Mutual Funds Are Losing to the Market (Part 1/3)

Most Canadians have no idea how their money is actually invested — and the stats show that 77% of investor dollars are sitting in actively managed funds at the big banks. In this first episode of a three-part investing mini-series, Scott and Chris break down what active management actually is, why it's still so common in Canada, and what the data says about whether all those highly paid fund managers are actually beating the market. Spoiler: over the last 10 years, less than 2% of Canadian equity mutual funds beat their benchmark. You'll learn how fees quietly eat into your long-term returns (the difference between a 1% and 3% fee on $1M over 30 years is over $2 million), why active funds keep disappearing, and the biases that keep investors chasing past performance. If you're not crystal clear on how you're invested today, this is the place to start. 📊 Take the Financial Clarity Assessment → https://alignwealth.scoreapp.com [https://alignwealth.scoreapp.com] 📸 Follow Scott Campbell on Instagram → www.instagram.com/scottcampbell.fp [http://www.instagram.com/scottcampbell.fp] 🌐 Learn more about Align Wealth → www.alignwealth.ca [http://www.alignwealth.ca]

032 | The One-Page Financial Plan: What Actually Belongs On It

Most financial plans end up as a 60-page leather-bound binder collecting dust on a shelf. In this episode, Scott and Chris make the case that everything you actually need can fit on a single page — and walk through exactly what belongs on it. Inspired by Carl Richards' The One-Page Financial Plan, they cover why money matters to you, how to think about goals (or "guesses"), where you stand today, and the investment mandate that keeps you disciplined when the next "hot opportunity" lands in your inbox. If you've ever wondered what a financial plan should actually do for you, start here. 📊 Take the Financial Clarity Assessment → https://alignwealth.scoreapp.com [https://alignwealth.scoreapp.com] 📸 Follow Scott Campbell on Instagram → www.instagram.com/scottcampbell.fp [http://www.instagram.com/scottcampbell.fp] 🌐 Learn more about Align Wealth → www.alignwealth.ca [http://www.alignwealth.ca]

031 | Tax Refunds, RRSPs, and the Plan Most Canadians Don't Have

Roughly 80% of Canadians get a tax refund every year, with the average sitting around $2,000. But getting a refund isn't free money — it means you overpaid the CRA and lent them your cash interest-free. This episode breaks down why that happens, how to stop it, and what to actually do with a refund when it lands. We also get into RRSP planning, the lump sum vs. monthly contribution debate, and why so many retirees end up resenting their RRSPs (hint: it's not the RRSP's fault). If you want your tax refund to do more than disappear into lifestyle spending, this one's worth a listen. 📊 Take the Financial Clarity Assessment → https://alignwealth.scoreapp.com [https://alignwealth.scoreapp.com] 📸 Follow Scott Campbell on Instagram → www.instagram.com/scottcampbell.fp [http://www.instagram.com/scottcampbell.fp] 🌐 Learn more about Align Wealth → www.alignwealth.ca [http://www.alignwealth.ca]

030 | Should You Factor an Inheritance Into Your Financial Plan?

A trillion dollars is expected to transfer from Baby Boomers to their children between 2023 and 2026 — one of the largest generational wealth transfers in Canadian history. But should that change how you're managing your own finances today? In this episode, Scott and Chris unpack what the data actually shows about inheritances in Canada, why building your retirement plan around one is risky, and what to do instead. They also dig into the conversations most families avoid having — the ones that can make or break how smoothly wealth gets passed on. If you're expecting an inheritance someday, or wondering how to think about your parents' estate, this one's worth a listen. 📊 Take the Financial Clarity Assessment → https://alignwealth.scoreapp.com [https://alignwealth.scoreapp.com] 📸 Follow Scott Campbell on Instagram → www.instagram.com/scottcampbell.fp [http://www.instagram.com/scottcampbell.fp] 🌐 Learn more about Align Wealth → www.alignwealth.ca [http://www.alignwealth.ca]

029 | Rich Is What People See, Wealthy Is What Your Family Feels w/ Dr. Parm Rai

Dr. Parm Rai — chiropractor, founder of Lux Talks, and 22-year practice veteran — joins Scott and Chris to unpack the difference between looking rich and actually being wealthy. From his origin story in El Salvador (where he watched a woman walk for the first time in years after a Gonstead adjustment) to his decade-long delayed gratification on a Porsche 911, Dr. Parm shares the mindset that's shaped both his practice and his personal finances. This conversation is a must-listen if you've ever felt the pull to show success before you've actually built it. Dr. Parm breaks down why "balance" is really just trade-offs, why weekly meetings with his wife and business partner are non-negotiable, and why running worst-case scenarios is the foundation of real financial freedom. If you're a chiropractor or practice owner trying to build something that lasts — without sacrificing family dinners or your sanity — this one's for you. ---------------------------------------- 📊 Take the Financial Clarity Assessment → https://alignwealth.scoreapp.com [https://alignwealth.scoreapp.com] 📸 Follow Scott Campbell on Instagram → www.instagram.com/scottcampbell.fp [http://www.instagram.com/scottcampbell.fp] 🌐 Learn more about Align Wealth → www.alignwealth.ca [http://www.alignwealth.ca] ---------------------------------------- Connect with Dr. Parm Rai 🌐 RAI Chiropractic → Restore. Align. Inspire. https://www.instagram.com/raichiropractic/ [https://www.instagram.com/raichiropractic/] https://www.instagram.com/drparmrai/ [https://www.instagram.com/drparmrai/] 🎤 Lux Talks → www.luxtalks.ca [http://www.luxtalks.ca] | https://www.instagram.com/luxtalks.ca/ [https://www.instagram.com/luxtalks.ca/]