The Wealthy Barber Podcast #1: Preet Banerjee: All Things Canadian Personal Finance

Welcome to the inaugural episode of The Wealthy Barber Podcast! Our first guest is Preet Banerjee—one of the top financial educators in Canada, having been a regular for years on CBC’s The National, renowned speaker and author of the bestselling book, “Stop Overthinking Your Money.” Recently, Preet completed a doctorate with his research focusing on the value of financial advice to Canadian households and how to improve the outcomes for the mass market. In this episode, we discuss what Preet learned from his research and all things Canadian personal finance, from RRSPs versus TFSAs to active versus passive investing to whether investing in Canadian rental real estate still makes sense to who has the better hair and much, much more. You’ll enjoy this discussion with Preet Banerjee, a great communicator and a truly great guy.

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Timestamps:

00:00 Introduction
01:59 Preet’s Research
06:16 Biggest Problem Young Canadians Face Today
10:32 RRSP vs. TFSA
13:06 FHSAs
14:38 Active vs. Passive
20:40 Men vs. Women Investing
23:52 Inflation
29:14 Who has better hair?
29:47 Giving Advice to the Masses
32:36 Group RRSP Matching
34:58 Investing in Rental Real Estate in Canada
37:41 Getting Help From Parents
40:19 Emergency Funds
43:08 Has the Pendulum Swung Too Far
45:23 Other Personal Finance Creators
48:02 An Experience That Changed Preet’s Perspective on Life
51:35 Conclusion

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The Wealthy Barber Podcast is Canada’s go-to source for approachable, entertaining, and free financial education. Hosted by none other than David Chilton—former Dragon on CBC’s ”Dragons’ Den” and the best-selling author of ”The Wealthy Barber” and ”The Wealthy Barber Returns”—this podcast is here to help Canadians manage their money better. Much better.