48 episodes

You had your best-laid plans and then COVID-19 came along and hammered the entire economy. But you’ve got this – if you have the right information. Join The Globe and Mail’s personal finance team, columnist Rob Carrick and editor Roma Luciw, as they guide you through one of the biggest stress tests your finances will ever face. If you’re between 20 and 40, this financial advice is for you.

Stress Test The Globe and Mail

    • Business
    • 5.0 • 3 Ratings

You had your best-laid plans and then COVID-19 came along and hammered the entire economy. But you’ve got this – if you have the right information. Join The Globe and Mail’s personal finance team, columnist Rob Carrick and editor Roma Luciw, as they guide you through one of the biggest stress tests your finances will ever face. If you’re between 20 and 40, this financial advice is for you.

    Retirement might look different for Gen Z and millennials. Here’s how to plan for it

    Retirement might look different for Gen Z and millennials. Here’s how to plan for it

    For our last episode of this season, we’re talking retirement – why it’s changing, and how to plan for it. We hear from Vicky (25), Irina (34) and Brent (36), who each have different visions of retirement and what they’re doing – or not doing – to plan for it right now. Plus, Rob speaks with Shannon Lee Simmons, a Toronto-based certified financial planner whose core clients are millennials and Gen Z, about shifting views of retirement and how you can best prepare.

    • 33 min
    Tempted to buy a home with siblings or friends? Here’s what you need to know

    Tempted to buy a home with siblings or friends? Here’s what you need to know

    Most people buy homes with their partners or by themselves. But others are ditching the traditional paradigm. Today, we’re talking about unconventional homebuyers: family members, friends and others that team up to get into the property market. We hear from two sisters who are trying to buy a house together – and who are struggling to get into the market even after joining forces. Plus, Roma speaks with Leah Zlatkin, a mortgage broker at Mortgage Outlet and expert at LowestRates.ca, about what you should know before buying a home with others and why legal agreements are critical for those considering buying as a group.

    • 30 min
    Mortgage 101: Everything you need to know about mortgages right now

    Mortgage 101: Everything you need to know about mortgages right now

    If you’re a homeowner or want to be one, you probably have questions about mortgages. Like where to get a good deal, what factors to pay attention to and how to choose between fixed and variable rates. This week, we’ve got answers. Consider this episode your Mortgage 101 course. Mortgage planner and Globe and Mail columnist Robert McLister joins Rob and Roma to discuss mortgage basics and the changing interest rate environment. Plus, we hear from Angela Calla, a mortgage broker based in Port Coquitlam, B.C.

    • 29 min
    How TikTok changed the vibe of personal finance advice

    How TikTok changed the vibe of personal finance advice

    Gen Z and millennials are getting a lot of their money advice from TikTok, where personal finance videos have more than 5.8 billion views. In this episode, we look at why the social media platform is resonating, how to use it effectively and what advice you should be wary of on the app. We hear from a 25-year-old TikTok user from Mississauga, Ont., about how he started getting personal finance advice from the platform. Plus, Roma speaks to Ellyce Fulmore, aka @queerd.co, a TikTok content creator from Calgary, Alta. Ellyce, who identifies as queer and neurodivergent, shares how her experience helps her create personal finance advice for audiences traditionally ignored by the financial industry.

    • 28 min
    How to balance green or ethical investing with making money

    How to balance green or ethical investing with making money

    Being concerned about the planet and your finances can go hand in hand. Today, we’re talking about the rise in what’s called ESG (environmental, social and governance) investing and how people can balance their values with their financial goals. We hear from a 30-year-old in Ottawa who’s getting started in ESG investing because she cares about the environment – and she wants to make money. Plus, Rob speaks to The Globe’s business reporter Jeff Jones to learn more about how ESG funds are performing and how to keep an eye out for greenwashing.

    • 26 min
    Is the middle class dead for millennials and Gen Z?

    Is the middle class dead for millennials and Gen Z?

    Many millennials and Gen Z’s have done everything “right” - they’ve graduated, found good jobs, are paying off their debt and saving money. So why is it so hard to live the middle class lifestyle their parents and older peers had at their age? In this episode, we hear from Cody, a 33-year-old living in Hamilton, Ont., who is frustrated at not being able to achieve many of his financial and life goals despite being a fiscally responsible adult. Plus, Rob talks to Paul Kershaw, a professor at the University of British Columbia and founder of Generation Squeeze, a group that researches intergenerational fairness, about why many millennials feel like the middle class is dead.

    • 29 min

Customer Reviews

5.0 out of 5
3 Ratings

3 Ratings

Financial Samurai ,

Great podcast!

I’ve listened to every episode since its launch. As a personal finance enthusiast and writer from America, it’s great to hear the Canadian perspective. A lot of similarities and some differences. I’m fascinated with how Canadians are navigating the housing situation, given prices are much more expensive on an income adjusted basis than US home prices.

I love how the podcast interviews people from various backgrounds. It’s the different stories that really make the podcast unique. - Sam, Financial Samurai

CRE88 ,

Thank you!

This podcast has been super relevant and informative for a lot of the challenges I’m facing as a millennial in my 30s - I enjoy the different perspectives and advice, looking forward to more episodes!!

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