077 | Emergency Funds and Self-Insurance - Real Life Examples | The Financial Classroom Canada

077 | Emergency Funds and Self-Insurance - Real Life Examples | The Financial Classroom Canada

In this episode, Eric provides some real life examples of why having an emergency fund is so important. While Tim and Wil provide some insight into self-insurance and why this is such an important concept to discuss. Listen as we discuss: -How each member handles emergency funds -Utilizing a shared emergency fund when finances are kept separate -Why emergency funds are good for your mental health -What is self-insurance? -Rising insurance costs Hope you enjoy the episode! Social Media Pages Facebook: The Financial Classroom Canada Instagram: thefinancialclassroom If you have any feedback, have topics you would like us to discuss, or if you would like to come on the show, feel free to email us at financialclassroom@gmail.com. Passiv Investment App: https://passiv.com

076 | Market updates, and our thoughts | The Financial Classroom Canada

Hi again! It’s been awhile. Life is just crazy busy, but we are trying to slowly get into the swing of things as fall enters. We gave a little bit of a feedback on the current markets and what is going on lately in the markets.   If you have any feedback, have topics you would like us to discuss, or if you would like to come on the show, feel free to email us at ⁠financialclassroom@gmail.com⁠ [financialclassroom@gmail.com]   Passiv Investment App: ⁠https://passiv.com [https://passiv.com/]

075 | We're Back | Life Updates, Where We've Been and Where We're Going

Hi again! It’s been awhile. A LONG while. But we’re back. This episode is a little update about what we’ve been up to, our investments and big life happenings. We’ve got some BIG and fun things that have been going on in the meantime. A few things that we talked about this episode… -       Tim ran into a listener of the show -       Passiv investment application -       Eric talks about how his dividends have been growing -       How hustling in his 20’s has given Will freedom to take significant time off work -       Tim has finally earned Wealthsimple premium, and Will has earned Wealthsimple generational   If you have any feedback, have topics you would like us to discuss, or if you would like to come on the show, feel free to email us at financialclassroom@gmail.com [financialclassroom@gmail.com]   Passiv Investment App: https://passiv.com [https://passiv.com/]

074 | Budgeting - Aligning Values, Evaluating Methods and Building a Personalized Plan

In this episode, Eric and Tim discuss the ins and outs of a shared passion – budgeting. They see budgeting as more than a math calculation; they see it as aligning your values with your finances and a means to experiencing peace of mind. They also realize that there are a lot of challenges associated with budgeting, especially in getting started with your first budget. In this episode, Eric and Tim discuss the following topics:   -       Budgeting as a reflection of your values -       Budgeting as a life enhancer – not a restrictor -       Various budgeting methods -       Building an emergency fund -       Budgeting for variable income, such as commission or seasonal -       Evaluating your budget   If you have any feedback, have topics you would like us to discuss, or if you would like to come on the show, feel free to email us at financialclassroom@gmail.com Lending Tree Article: https://www.lendingtree.com/personal/budget-to-pay-off-debt/#:~:text=50%2F30%2F20%20budget&text=50%25%20of%20your%20income%20should,toward%20savings%20and%20debt%20repayment. [https://www.lendingtree.com/personal/budget-to-pay-off-debt/#:~:text=50%2F30%2F20%20budget&text=50%25%20of%20your%20income%20should,toward%20savings%20and%20debt%20repayment.]

073.5 | We are back! Updates on Current Economic Environment | The Financial Classroom Canada

Hey everyone! Sorry for MIA all summer, but we are back! Tim, Eric, and Will were all busy during the summer and had to take a break. It's good to be back recording once again. In this episode we caught up on each other's summer and how each other is doing overall. We touched on the current economic environment in the world and why markets have been dropping recently. A few things we noted were the reduction in fed balance sheets via QT, as well tight macro conditions due to interest rate being so high. It was good to be back! Let us know if there is anything you want to hear about and if you would like to come on the show feel free to email us at financialclassroom@gmail.com