62 episodes

Journalist Ellen Roseman, and Canadian MoneySaver Editor in Chief Lana Sanichar interview leaders in personal finance and investing, as well as top bloggers, authors and entrepreneurs. The goal is to help you save money and increase your assets. Learn how to make smart choices at every stage of your life, safeguard your interests and protect yourself from poor advice. Sponsored by Canadian MoneySaver Magazine. Follow us on Twitter @lana_sanichar, @ellenroseman, @cdnmoneysaver The views and opinions expressed by the Guests are theirs alone and do not necessarily represent the views and opinions of Ellen Roseman, Lana Sanichar, Canadian MoneySaver Magazine or the MoneySaver Podcast.

The MoneySaver Podcast Lana Sanichar/ Ellen Roseman

    • Business
    • 4.6 • 89 Ratings

Journalist Ellen Roseman, and Canadian MoneySaver Editor in Chief Lana Sanichar interview leaders in personal finance and investing, as well as top bloggers, authors and entrepreneurs. The goal is to help you save money and increase your assets. Learn how to make smart choices at every stage of your life, safeguard your interests and protect yourself from poor advice. Sponsored by Canadian MoneySaver Magazine. Follow us on Twitter @lana_sanichar, @ellenroseman, @cdnmoneysaver The views and opinions expressed by the Guests are theirs alone and do not necessarily represent the views and opinions of Ellen Roseman, Lana Sanichar, Canadian MoneySaver Magazine or the MoneySaver Podcast.

    • video
    Your urgent mortgage questions answered by an award-winning Toronto mortgage agent

    Your urgent mortgage questions answered by an award-winning Toronto mortgage agent

    In today's episode, I talk to a mortgage specialist who loves to educate borrowers on how to shop for the best financing for their income and their needs. 
    Ross Taylor of Ross Taylor Mortgages is a two-time national award winner, specializing in difficult mortgages and first-time home buyers. You can find his financial literacy articles at his website (AskRoss.ca).
    Here are the top five mistakes he sees home buyers make:
    1) They don't pre-qualify themselves for a mortgage with a lender before shopping.
    2) They overpay for a house in a hot market, not anticipating that a pre-approved mortgage may not be issued if the house is appraised at a lower value.
    3) They underestimate their one-time closing costs -- such as land transfer taxes, PST on high-ratio insurance premiums, adjustments for property taxes and condo fees, utility hookups and moving costs. This CMHC brochure will help you keep track of them all.
    4) They underestimate the cost of living in their own home. Mortgage payments, property taxes and condo fees are the obvious ones. But then there is also heating, hydro, water, cable, internet and home insurance.
    5) They sign up for a five-year fixed-rate mortgage with a major bank. This means they may be setting themselves up for very large prepayment penalties if they have to break the mortgage before the term is up. This can wreak havoc on your finances. It's vital to understand your lender's mortgage prepayment penalty before you sign up.
    In this episode, I ask Ross Taylor about a number of issues he's written about at his site:
    -- How to find money for your mortgage renewal when interest rates have soared. Should you consider cashing in your savings, such as RRSP or RESP assets? Should you think about selling your property in order to downsize to something smaller you can buy or to find a lower-priced property you can rent?
    Here's an article by Rob Carrick of the Globe and Mail on a Vancouver couple who engineered a sale of their four-bedroom home. Then, with the proceeds from the sale and a cash top-up, they bought a new three-bedroom townhouse in which they could live mortgage-free.
    -- What are alternative mortgage lenders?
    -- What are high-ratio mortgages?
    -- What are common myths about co-signing for a mortgage?
    -- Should you convert your variable-rate loan to a fixed-rate loan when you can't afford the higher payments? Here is the article Ross wrote about this dilemma. 

    • 43 min
    Technical Analysis with Keith Richards from ValueTrend Wealth Management

    Technical Analysis with Keith Richards from ValueTrend Wealth Management

    Ellen Roseman speaks with Keith Richards, Founder and Portfolio Manager for ValueTrend Wealth Management. They discuss the difference between Technical Analysis and Fundamental Analysis and how they fit into a portfolio. They also discuss concepts like support and resistance. 

    • 46 min
    Financial Planning for Retirement

    Financial Planning for Retirement

    Ellen Roseman speaks to Fred Vettese, author of "Retirement Income For Life; Getting More Without Saving More", 3rd Edition.  They talk about Old Age Security, the Canada Pension Plan, attitudes around retirement and the fear of outlasting your nest egg. 

    • 38 min
    Optimism Bias with John De Goey, Investment Advisor and Author

    Optimism Bias with John De Goey, Investment Advisor and Author

    Ellen Roseman speaks to John De Goey, Investment Advisor and author of his new book "Bullshift" about optimism bias that investors and advisors have and whether or not it introduces risk to our portfolios. 

    • 38 min
    The Woman's Path to Financial Equity

    The Woman's Path to Financial Equity

    Ellen Roseman speaks to Janine Rogan, CPA and author of The Pink Tax about how women have systematically been held back financially. They talk about financial feminism, the gender pay gap as well as policies that assist women to reach financial equity like paid maternity leave and affordable child care among others.

    • 44 min
    Real Estate as an Investment

    Real Estate as an Investment

    Ellen Roseman speaks with Clay Jarvis of Nerdwallet.ca.  They discuss the mortgages, becoming a landlord, what to expect when becoming a landlord as well the gratification that one can receive from becoming a real estate investor among a host of other topics.
    This Episode is brought to you buy BMOETFs.com.

    • 36 min

Customer Reviews

4.6 out of 5
89 Ratings

89 Ratings

Tanya0319810 ,

Love the content!

Love the different guests and experts. I would love if Ellen could upgrade her mic, the guests sound great and Ellen’s sound quality is a little harsher which can take away from the experience and doesn’t match the calibre of content.

Money-smart mom ,

Fresh Female Perspectives on Personal Finance and Investing

In a male-dominated industry, it’s refreshing to hear from Ellen, a highly respected personal finance journalist and consumer advocate, and Lana, editor in chief of acclaimed pf magazine Canadian Money Saver. Accessible and interesting interviews with a variety of Canadian guests and topics. Highly recommended!

Erin Bury ,

Ellen is the *the* go-to personal finance expert

I’ve long followed Ellen’s writing - she’s been covering personal finance topics for many years, and I love that she’s pulling that expertise into a podcast for Canadians. She’s a great interviewer (you can tell she’s a journalist!) and the episodes are informative and enjoyable to listen to.

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