118 episodes

The MapleMoney Show is a personal finance podcast helping Canadians learn how to make money, save money, invest money, and spend money in a way that helps you create lasting financial freedom.

More information at https://maplemoney.com

The MapleMoney Show Tom Drake

    • Investing
    • 4.6 • 79 Ratings

The MapleMoney Show is a personal finance podcast helping Canadians learn how to make money, save money, invest money, and spend money in a way that helps you create lasting financial freedom.

More information at https://maplemoney.com

    Has COVID-19 Killed the Fire Movement? with Bob Lai

    Has COVID-19 Killed the Fire Movement? with Bob Lai

    In recent years, the FIRE movement, which stands for Financial Independence, Retire Early, has found popularity with millennials across Canada and the US. But this extreme version of early retirement requires a very high savings rate for an extended period of time, which begs the question: Has the COVID-19 pandemic derailed the retirement dreams of FIRE enthusiasts?
    To find out, I reached out to Bob Lai, a popular FIRE blogger based in Vancouver. Bob and his wife are planning to retire early within the next 10 years, so I was interested to get his perspective and find out how COVID-19 has affected their FIRE plans.
    You can find the show notes for this episode at https://maplemoney.com/118
    Did you know that 57% of Canadian adults don’t have a will? Willful has made it more affordable, convenient, and easy for Canadians to create a legal will and Power of Attorney documents online from the comfort of home.

    In less than 20 minutes and for a fraction of the price of visiting a lawyer, you can gain peace of mind knowing you’ve put a plan in place to protect your children, pets and loved ones in the event of an emergency. Get started for free at https://maplemoney.com/willful and use promo code MAPLEMONEY to save 15%

    • 34 min
    Understanding What Affects Your Insurance Rates, with Lorne Marr

    Understanding What Affects Your Insurance Rates, with Lorne Marr

    Having the right insurance coverage is one of the most important aspects of financial planning, but most Canadians are underinsured. This is partly due to the fact that insurance can be complicated, so it can be difficult just knowing where to start.
    This week, I invited Lorne Marr of Hub Financial onto the show, to give us a better understanding of how life insurance works, and share some of the many factors that can affect insurance rates. With over 25 years of experience in the life insurance industry, Lorne knows a thing or two about the subject.
    You can find the show notes for this episode at https://maplemoney.com/117
    Do you prefer to invest in companies that are socially responsible? If so, our sponsor Wealthsimple will help you build a portfolio that focuses on low carbon, clean tech, human rights, and the environment. Get started with Socially Responsible Investing by visiting https://maplemoney.com/wealthsimple

    • 33 min
    Making the Income Tax System Work for You, with Neal Winokur

    Making the Income Tax System Work for You, with Neal Winokur

    Did you receive an income tax refund this year? If so, it means that you gave the government extra money during the year, only to see them pay it back to you without interest. Surely there must be a better way.
    My guest this week is a tax accountant who says he feels a moral obligation to speak out against the inherent flaws and needless complexities that define taxation in Canada. Neal Winokur is a CPA, blogger, and author of the book, The Grumpy Accountant. Neal dreams of a day when the Canadian tax system is simplified to the point where people no longer need his services. Neal explains some of the ways in which the tax system is broken, who’s at fault, and shows us a few ways we can make the income tax system work to our advantage.
    You can find the show notes for this episode at https://maplemoney.com/116
    In less than 20 minutes and for a fraction of the price of visiting a lawyer, you can gain peace of mind knowing you’ve put a plan in place to protect your children, pets and loved ones in the event of an emergency. Get started for free at https://maplemoney.com/willful and use promo code MAPLEMONEY to save 15%.

    • 39 min
    Managing your Finances as a Single Person, with Jackie Porter

    Managing your Finances as a Single Person, with Jackie Porter

    Is life more expensive when you’re single? To help answer this question, I invited Jackie Porter onto the show this week. Jackie is an award-winning financial planner, best-selling author, and speaker who has helped thousands of clients grow their net worth, build a fortress around their finances and keep more of their cash in their pocket!
    She is also co-author of the book, Single by Choice & Chance, so she understands very well the challenges single people face when managing their money.
    You can find the show notes for this episode at https://maplemoney.com/115
    Our sponsor, Wealthsimple, believes that financial independence should be available to anyone. That’s why they have no account minimums, meaning that you can get started investing for as little as one dollar. Don’t delay any longer, invest online by visiting https://maplemoney.com/wealthsimple

    • 27 min
    Finding Freedom through Passive Income, with Rachel Richards

    Finding Freedom through Passive Income, with Rachel Richards

    Are you familiar with the concept of “making money while you sleep?” If not, chances are you’d like to be. Many would argue that there’s no such thing as true, passive income, but my guest this week would beg to differ.
    Rachel Richards knows a thing or two about generating passive income. She’s the bestselling author of “Money Honey” and “Passive Income, Aggressive Retirement”. Rachel quit her job as a financial advisor at age 27, and today lives off of $15,000 per month in passive income. This includes close to 40 rental properties.
    According to Rachel, just about anyone can build a passive income stream, and she’s here to show us how to get started.

    You can find the show notes for this episode at https://maplemoney.com/114
    Did you know? You can now transfer money overseas with TransferWise directly from your EQ Bank Savings Plus account. Not only will you benefit from earning 1.70% interest on your savings, but you’ll pay far less for international money transfers. While other banks have a habit of sneaking in markups and extra charges, that’s not something you’ll have to worry about with EQ Bank. Visit https://maplemoney.com/eqbank to start saving money today.

    • 26 min
    How To Get Unstuck and Build a Life You Love, with Grant Sabatier

    How To Get Unstuck and Build a Life You Love, with Grant Sabatier

    Are you feeling stuck in a rut when it comes to your career or your finances? It happens to a lot of us. The good news is that you have options, you can regain traction, begin moving forward, and build a life you love.
    My guest this week knows all about feeling stuck. Grant Sabatier is the founder of Millennial Money and author of the Financial Freedom Book. This is Grant’s second appearance here on the show, and he’s come prepared, with ways to help you get unstuck with your money and your career.
    You can find the show notes for this episode at https://maplemoney.com/113
    Our sponsor, Wealthsimple, believes that financial independence should be available to anyone. That’s why they have no account minimums, meaning that you can get started investing for as little as one dollar. Don’t delay any longer, invest online by visiting https://maplemoney.com/wealthsimple

    • 30 min

Customer Reviews

4.6 out of 5
79 Ratings

79 Ratings

Young Money with Tracey Bisset ,

Love the energy of the show!

Love Tom’s interview style – he’s a natural interviewer and the conversations flow well. Excellent tips and tactics are shared by Tom and his guests. It is great to hear from so many experts sharing their journeys and advice. Well done Tom!

Rahul Ray Sinha ,

My tip on this...

Most important tips... of 27 May.
Loved the simplicity with which you laid out the steps to get rich - spend less than you earn!

I felt that there is one more tip that should be sent out - never live on Rent if you have the time! The only consideration on this (time) is that you should not live on rent if you you can stay long enough at one place to take care of the massive transaction cost of property!

cheyenneorange ,

My favourite money podcast

This podcast has really helped me a lot. My favourites are episodes about travel tips, investing, and saving. It’s good information for average people from an average guy (average in a good way!)

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