Millennial Money Canada Samuel Lichtman

Millennial Money Canada is a podcast for Millennials, by Sam Lichtman, a CFP® Professional, financial advisor and co-founder of Achieve Wealth Management.

Today we are going through education savings plans.

I am joined by Markus Muhs who is a financial advisor and CFP® Professional. We go through everything related to education savings plans expected tuition rates of future tuition costs based on inflation, ideal contribution rates, modelling out different rate of returns overtime, and things to avoid and watch out for when contributing to education savings plans and so much more.



Book with Sam:

Learn more about Markus:



RESP Usage Survey:



Tuition Cost Reference:



Am I eligible for the ACESG and CLB:



Disclaimer:

Today we are going through education savings plans. I am joined by Markus Muhs who is a financial advisor and CFP® Professional. We go through everything related to education savings plans expected tuition rates of future tuition costs based on inflation, ideal contribution rates, modelling out different rate of returns over time and things to avoid and watch out for when contributing to education savings plans and so much more.

Book with Sam: https://www.achievewealthmanagement.ca/achieve-wealth-management
Learn more about Markus: https://muhs.ca/

RESP Usage Survey: https://www.newswire.ca/news-releases/majority-of-canadians-are-aware-of-resps-but-less-than-half-are-using-them-845628817.html#:~:text=Nearly%20half%20of%20Canadians%20(49,Accounts%20(27%20per%20cent).

Tuition Cost Reference: https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3710004501

Am I eligible for the ACESG and CLB: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/registered-education-savings-plans-resps/canada-education-savings-programs-cesp/canada-education-savings-grant-cesg.html

Disclaimer: https://www.achievewealthmanagement.com/disclaimer

We are joined by a Toronto mortgage broker, Matthew Shantz. Matthew has experienced tremendous success as a mortgage broker and has built a team that does $100 million in the mortgage business. What's unique about Matthew, though, is that he is not only a Millennial but also has trained, coached and hired over 20 people to work for his team. In this 3 part series, we discuss how millennials can position themselves with their employers to request a raise, how to understand your value to your company, and why your economic value matters. We also go through some limiting beliefs that Millennials have about money, and some fascinating stats on Millennials in the workforce.

Matthew and his services can be found here: https://matthewshantz.ca/

Sam Lichtman: https://achievewealthmanagement.ca/

Disclaimer: The information provided on this podcast and in any related communication is for general informational purposes only and should not be considered investment advice. Please consult a licensed financial advisor before making any investment decisions. Past performance is not indicative of future results. All investments involve risk and may result in a loss.
Sam is a licensed financial advisor with Portfolio Strategies Corporation.

Thanks for listening! If you liked this podcast, be sure to give us a rating on whatever platform you find us on. 
On todays episode, we go through the risks of crypto currency, are we in a crypto bubble, will it stick around long term, how should financial advisors treat crypto and much more. Be sure to subscribe to the podcast for updates on our next episode. 
As promised, here is the link to Eron's Youtube Channel: https://www.youtube.com/channel/UCF2et2T1R5Wx8WMxKnGJ3Ag
Reminder, This is not intended as investment advice. This podcast is hosted by Sam Lichtman, licensed financial advisor with Portfolio Strategies Corporation. Sam is a Certified Financial Planner in Canada. All investment conversation is meant as general information only and should not be considered personal advice. Always seek professional advice. 

Thanks for listening to the Millennial Money Canada Podcast. This Podcast is hosted by Sam Lichtman. You can learn more about Sam here: https://linktr.ee/samlichtman 
Today for our trending topic I discuss Crypto, Odell Beckham Junior, Tom Brady and the recent cryptocurrency rise to THE MOON.  
Book Recommendation: Trillions by Robin Wigglesworth 
For our financial planning topic I am combatting 3 myths around RRSPs. 

Myth number 1: RRSPs are useless due to the tax on the back end.  
Myth number 2: RRSPs are not as useful as a TFSA 
Myth number 3: I can't save much so I am not going to use an RRSP 

Link to CPA Canada Source: https://www.cpacanada.ca/en/news/canada/2019-02-05-rrsp-myths 
Link to Jamie Golombek: https://www.cibc.com/content/dam/personal_banking/advice_centre/tax-savings/rrsp-myths-en.pdf 
Link to Gen Z Survey on Fortune: https://fortune.com/2021/11/18/gen-z-adults-us-millionaires-crypto-investing/ Link to OBJ Article on Crypto: https://www.bloomberg.com/news/articles/2021-11-22/football-star-odell-beckham-jr-to-take-new-salary-in-bitcoin 
This is not intended as investment advice, just informational. This is not a solicitation to purchase investments. You should talk to a professional before acting on any financial advice received online.