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...
#13 — Mark Scheifele: The Wealthy Barber’s Impact on an NHL Star (15ish Minute Money)
Our guest this episode is Winnipeg Jets star Mark Scheifele! Mark was given a copy of “The Wealthy Barber” early in his career and it still influences the way he manages his finances today.
In this 15ish minute episode, Dave and Mark chat about Mark’s experience playing the NHL, what he likes to spend his money on, his approach to investing and, most importantly, Mark’s role on Dave’s fantasy hockey team.
Enjoy this quick episode with NHL star Mark Scheifele!
Show Notes
(00:00) Intro & Disclaimer
(00:55) Intro to Mark Scheifele
(01:26) Mark and the Winnipeg Jets' Great Year
(04:01) Dave's Fantasy Hockey Team
(04:41) When Mark First Read "The Wealthy Barber”
(06:00) What Does Mark Like to Spend Money On?
(07:10) The Parallels Between Hockey and Golf
(09:45) How Exciting Would it Be to Win the Stanley Cup in Winnipeg?
(10:25) Mark's Investing Approach
(11:59) Playing and Living in Winnipeg
(13:04) Conclusion
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13:21
#12 — Mark McGrath: TFSAs vs. RRSPs (15ish Minute Money)
In our very first 15ish-minute episode, we cover a big question: TFSAs or RRSPs? To help answer it, we’ve got Mark McGrath—Associate Portfolio Manager at PWL Capital and co-host of the “Rational Reminder” podcast—who’s spent plenty of time looking at all of the pros and cons.
In this podcast, Mark and Dave break down key points including why RRSPs get a bad rap (but shouldn’t), how RRSP withdrawals can actually be tax-efficient and why a TFSA’s flexibility isn’t always an advantage. All that, and more, in a fast-paced, insight-packed episode.
Don’t miss this one—20 minutes could save you thousands in retirement savings!
Show Notes
(00:00) Intro & Disclaimer
(00:55) Intro to Mark McGrath
(02:27) TFSAs vs. RRSPs
(05:19) Comparing Tax on TFSAs vs. RRSPs
(09:09) Why RRSP Withdrawals Can Often Be At a Lower Tax Rate
(14:53) What if The Government Raises Taxes in the Future?
(17:31) How the Canada Child Benefit (CCB) Changes the Math
(18:40) TFSAs Are More Flexible—A Double-Edged Sword
(20:47) Conclusion
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21:22
#11 — Robb Engen: Navigating Retirement and Advice-Only Financial Planning
Our guest this episode is Robb Engen—creator of the Canadian personal finance blog “Boomer & Echo” and advice-only financial planner based in Lethbridge, AB.
In this podcast, Dave and Robb discuss navigating retirement and the world of advice-only financial planning—what it is, why it’s not as common in Canada and Robb’s unconventional career path in finance. Much of the conversation has Robb sharing his expertise on retirement planning, covering everything from when to take your CPP to safe withdrawal rates to planning for big expenses and much more.
Whether you’re nearing retirement or just curious about fee-only financial planning, this episode is packed with insights you won’t want to miss!
Show Notes
(00:00:00) Intro & Disclaimer
(00:00:55) Intro to Robb Engen
(00:06:39) What is Advice-Only Financial Planning
(00:12:26) What Type of Clients Are Best for Advice-Only Planning
(00:17:09) Why Isn't Advice-Only Planning More Popular in Canada
(00:19:17) Upsizing in Retirement
(00:21:04) When Should You Take Your CPP?
(00:25:11) Spending in Retirement
(00:29:29) All-in-One ETFs
(00:30:56) Robo-Advisors Turning Into Speculative Investment Platforms
(00:35:01) Safe Withdrawal Rates in Retirement
(00:37:47) Planning for Large One-Time Expenses in Retirement
(00:42:57) Giving Kids Money for a Down Payment
(00:44:02) Housing Prices Are Unfair For The Younger Generation
(00:45:49) Postnups
(00:46:55) Options for Accessing Your Home Equity in Retirement
(00:50:43) Giving Money Away if You Have Enough for Retirement
(00:53:58) Life Insurance
(00:55:43) Grandparents Helping to Fund RESPs
(00:57:28) Robb’s Big Three Takeaways
(00:59:51) You Just Retired… Now What?
(01:02:40) Dave's Dad's "Solution" to Financial Planning
(01:03:46) Die With Zero
(01:04:48) Conclusion
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1:06:09
#10 — Arlene Dickinson: Dragons’ Den, Her Early Career Struggles & The Current Economic Climate
Our guest this episode is none other than Arlene Dickinson—famed businesswoman, investor, author and the longest-serving Dragon on CBC’s "Dragons’ Den."
In this episode, Dave and Arlene reminisce about their time on "Dragons’ Den" together and chat about everything from Arlene’s early career struggles to the potential US tariffs to the current economic climate for Canadian entrepreneurs and much, much more.
Don’t miss this fantastic episode!
Show Notes
(00:00) Intro & Disclaimer
(00:55) Intro to Arlene Dickenson
(02:46) Dragons’ Den
(04:26) Handling Online Criticism
(08:21) Arlene’s Early Career Struggles
(16:13) How Did Arlene Become a Dragon?
(19:46) Reflecting on the Impact of Dragons’ Den
(22:14) Two Lessons Arlene Taught Dave
(24:24) The Time Arlene Accidentally Got Drunk on Dragons' Den
(25:53) The Current Economic Climate for Canadian Entrepreneurs
(30:03) Potential US Tariffs
(33:48) Younger Canadians Are Frustrated
(36:08) Taxes & Government Spending in Canada
(37:56) How Do We Build Up the Canadian Entrepreneur Ecosystem?
(42:46) The Impact of AI
(47:12) Arlene's Closing Message for the Audience
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49:36
#9 — Dan Bortolotti: Index Investing, ETFs and Financial Planning
We’re joined this episode by Dan Bortolotti—Portfolio Manager at PWL Capital, creator of the hugely popular “Canadian Couch Potato” blog, author of “Reboot Your Portfolio: 9 Steps to Successful Investing with ETFs” and co-host of the “Rational Reminder” podcast.
In this episode, Dan and Dave dive deep into index investing, covering everything from active vs. passive investing styles to tips for DIY investors, asset allocation strategies, the pros and cons of all-in-one ETFs in Canada and much more. There’s a lot to unpack, but Dan and Dave make it all easy to understand.
This episode is a must-listen for anyone serious about DIY investing—tune in now!
Show Notes
(00:00:00) Intro & Disclaimer
(00:00:55) Intro to Dan Bortolotti
(00:02:04) The Origins of the “Canadian Couch Potato”
(00:06:56) What is an Index Fund
(00:08:52) Why Don't Most Active Managers Outperform the Market?
(00:15:12) How Dave's Dad Can Beat Professional Money Managers
(00:16:57) Group Retirement Plans
(00:19:25) Mutual Fund Underperformance
(00:22:42) Should People Speculate with 5-10% of Their Portfolio?
(00:26:31) The Financial-Planning-First Model
(00:33:42) How to Construct An Index-Fund Portfolio
(00:35:52) Risk Tolerance and Asset Allocation
(00:42:50) When Stocks & Bonds Both Went Down
(00:44:56) What Goes Into a Financial Plan?
(00:46:34) Get Life Insurance!
(00:47:59) There is No "Optimal" Financial Plan
(00:49:52) When to Take CPP
(00:51:21) The Risks of Helping Kids/Grandkids with Down Payments
(00:53:52) All-in-One ETFs
(00:58:16) Withholding Taxes on US Stocks
(01:02:27) Online Investment Platform Recommendations
(01:04:26) Conclusion
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.
Dave Chilton has spent over 35 years demystifying personal finance, offering understandable, unbiased, and actionable advice that has empowered millions of Canadians to achieve their financial goals. Now, he’s bringing that same wisdom to your favourite podcasting platforms, with regular episodes designed to make personal finance simple, relatable, and yes, even entertaining.
Episodes of The Wealthy Barber Podcast features Dave in conversation with expert guests from across the spectrum of Canadian personal finance. From investing and real estate to taxes, RESPs, and even money psychology, no topic is off-limits. Plus, don’t miss our special “Office Hours” episodes, where Dave answers real questions from audience members, delivering informed, balanced, and sometimes downright funny advice.
Follow for Canadian personal finance made simple.
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