Get it on CreditThis funny money video teaches you what you need to know about credit cards. It is a great way to spend 3 minutes being entertained while learning about credit cards, payment terms, compound interest and credit scores. Building long-term wealthThis funny money video teaches you a few basic concepts about building wealth. It shows you the difference between things that lose their value and things that grow in value and why you should care. Saving for an emergencyHaving enough cash on hand to cover emergencies like fender benders, unexpected repairs, replacement of lost or stolen items can save you money. Putting these emergency purchases on credit will cost you more in the long run if you don't pay them off right away because of high interest rates. Having money put away can really save the day. Buying A CarCars are a lot of fun but a really bad investment. Any car costs a lot of money. You have to look at the cost of ownership from operating costs, insurance, maintenance and financing to understand the big picture. Learn more about how to save money on buying a car. Managing debt with Laurie Campbell and Rob CarrickWhat kinds of debt are people carrying? What puts people over the edge so that they can no longer manage their debt? Will an upturn in an economy help those with debt? Why is it better to be proactive with debt? Student debt with Arati Sharma and Rob CarrickWhat percentage of students are graduating with debt? What size of debt are students typically carrying? What are the costs of tuition for different provinces and programs? What percentage of students are turning toward credit card debt? Why is debt such a dirty word? Angela Self and Rob CarrickWhat problems can come up when you think of credit as free money? Where should you cut debt first? How can I lower my interest rate on my loans or credit cards? What if you can't handle your debt anymore? What can a credit counselor do for you? Is it possible to make an arrangement with a lender to make debt more manageable? The best ways to manage your creditGail Vaz Oxlade talks about: How you should use your line of credit? Is it ok to carry a balance on your credit card? How important is it to pay down your mortgage debt? How to save more money with Pat ForanHow can you save more money and get ahead? Pat Foran, one of IEF’s Masters of Money, discusses how small, everyday purchases add up, and easy ways to save. How to handle being laid-off with Angela Self and Rob CarrickWhat should I do if I have been laid-off? Can I negotiate my severance package? What are some ways to bring money in if you have been laid off? How big should an emergency fund be to cope with things like being laid-off? How many people have an emergency fund? How do you build up an emergency fund? What investments should I use for my emergency fund? Saving Money with Angela Self and Rob CarrickHow much can the average family cut their spending? What kind of things can you cut out of your spending to save money easily? Why is a spending plan better than a budget? What are some money tips that will help you save and cut spending? RESPs and CESGs with Kathryn DelGreco and Rob CarrickWhat are the benefits of RESPs? How much money will the government give you to help you save in an RESP? What is a CESG? How long can an investor have an RESP for? How much tax do investors pay to withdraw money from an RESP? Preparing for tax time with Robin TaubAre you ready for tax time? Robin Taub, one of IEF’s Masters of Money, provides helpful tips to make tax season easy. Learn how to stay organized throughout the year, where you can get help with your taxes and how you can avoid paying late penalties. Getting a second opinion on your investment portfolio with Warren Mackenzie and Rob CarrickWhat kind of second opinions have you given investors on their portfolio? What is an example of a situation where an investment adviser took advantage of an investor? When would you suggest not investing in deferred sales charge segregated funds? Do you see a lot of cases where senior investors are exploited? What are some common issues that you deal with related to investment advisers? Good financial advice with Warren Mackenzie and Rob CarrickWhat kinds of portfolios are you seeing after this past market downturn? Why do too many equities, poorly diversified portfolios and complicated products make for a bad portfolio? What are some steps that you can take to fix a bad portfolio? Do you think people are typically too exposed to the stock market? Why is asset mix very important? How can you tell if you have a problem with your adviser or if it is just the market? How to find a good financial adviser with Paul Bates and Rob CarrickPaul Bates, Dean at the DeGroote School of Business at McMaster University, with How can you find a good financial adviser? Why should you interview a financial adviser? How good are the financial advisers offered by banks? How do you get good financial advice when you have a starter account or a small amount of money to invest? You versus the investment industry with Paul Bates and Rob CarrickShould advisers be looking for the best investment product for the client or for the product that will generate the highest commission from fees? How does your risk profile help advisers select the right investment products? How strongly are ethics stressed in the Bay street culture? Good and bad financial advice with Ted Rechtshaffen and Rob CarrickHow can you tell if an adviser is only pushing a specific investment product? What percentage of financial planners provides advice versus selling products? What is a certified financial planner? How common is it to get a written financial plan? How long does it take to put together a financial plan? Insurance needs for snowbirds with Terry Ritchie and Rob CarrickWhat can it cost to get health care in the United States and you don't have the proper insurance coverage? How can you get good health insurance at a good price? What are some things that can distinguish between a good and bad insurance policy? Can you get insurance even if you have a pre-existing health condition? How are insurance premiums calculated? What type of home insurance should you consider for your home in Canada and the property you are staying in the US? Dividends with Eric Kirzner and Rob CarrickWhat is the market saying when dividend yields are two to three times their norm? Should you be concerned about cuts to dividend payouts? Are dividend paying stocks attractive to buy in a bear market? If a company pays a dividend, is that a positive sign of a company to invest in? How to find good dividend stocks with George Vasic and Rob CarrickWhat are the dangers of a high dividend yield? What is a typical dividend yield for a blue chip stock on the TSX? What is a dividend growth stock and how does it work? What kind of premium can you expect to yield from dividend stocks? How have the dividend growth stocks performed in times of recession? Investing products that can be a problem in your portfolio with Warren Mackenzie and Rob CarrickWhat investment products set off alarm bells in a portfolio? What are deferred sales mutual funds? Why should you avoid deferred sales mutual funds? Why do new issues stocks and principal protected notes PPNs and structured investment products make you suspicious when you evaluate a portfolio? What investment products do advisers make a lot of money selling? Which investment products have the highest fees? How many mutual funds do you need in a portfolio to have a properly balanced portfolio? How many mutual funds do you see in badly managed investment portfolios? Diversification with Moshe Milesvsky and Rob CarrickWhat is the art and science of creating an asset mix? What are wrap products? When do the marginal benefits of diversification become too small to be valuable? How many mutual funds do you need for a balanced portfolio? How does sector exposure help with diversification? Advanced portfolio building with Moshe Milesvsky and Rob CarrickWhat is your most valuable asset? Home? RRSP? Stocks? Bonds? Human Capital? What is the human capital? How do you factor human capital into building a portfolio? What are the risk characteristics of your job that may change your investment strategy? How should you consider your home investment as part of your portfolio? Conservative investing with Malcolm Hamilton and Rob CarrickShould you adopt a conservative approach to investing considering the past market downturn? Why is this the wrong time to put your money into government bonds? What are the implications of getting a 2%-3% return on your investment? What are the pros and cons of principal protected products? Gold in your financial plan with David O'Leary and Rob CarrickHow long should you keep gold in your portfolio? What percentage of your portfolio should you dedicate to gold? What percentage of stocks already expose investors to gold? How does your risk profile affect how much gold you should hold in your portfolio? How can you become your own currency analyst? Camilla Sutton and Rob CarrickWhat are the key factors that drive the Canadian dollar? What events can cause a drop in the Canadian dollar? What events are bullish for the Canadian dollar? How does a rising Canadian dollar affect the stock market? Does currency hedging help a portfolio?What event could greatly impact the Canadian dollar in the near future? How does currency affect investment returns? Camilla Sutton and Rob CarrickWhat happens to our investment returns when the Canadian dollar is high? How big of a role will currency play when we invest in US equities? How can hedging products help your investment return? Will the ups and downs of the currency eventually even out? What are the currencies that have performed best this year? Buying ETFs with Dan Bortolotti and Rob CarrickDan Bortolotti and Rob Carrick discuss the advantages of Exchange Traded Funds (ETFs). They also discuss the advantages of ETFs over mutual funds, ETF fees and portfolio building with ETFs. The Death of Equity with Goshka Folda and Rob CarrickGoshka Folda and Rob Carrick discuss the downturn of investments within the stock market, whether investors have lost confidence in the stock market and whether investors are naturally moving towards safer investments. How risky are your investments?John L Reynolds talks about: Do people understand what investment risk they have? How can you balance risk in your portfolio? How have people recovered from the market crash? How can you do a risk assessment? What does investment risk mean?Claude Lamoureux, the former head of the Ontario Teachers Pension Plan, with Rob Carrick from the Globe and Mail discuss risk. Reverse Mortgages with Jim Yih and Rob CarrickJim Yih and Rob Carrick discuss whether reverse mortgages are a benefit to retirees or a trap. They also discuss the downsides of reverse mortgages and the ideal situations for people getting into a reverse mortgage. Retirement planning with Pat ForanPat Foran, one of IEF’s Masters of Money, discusses how to plan for the retirement you want. Learn how your retirement lifestyle can affect how much you need to save and what government benefits are available to you when you retire. Trends in pension plans with Malcolm Hamilton and Rob CarrickWhat percentage of the Canadian workforce have pension coverage today?What is the difference between a defined benefit and a defined contribution pension plan? What percentage of workers hold a defined benefit versus a defined contribution pension plan? What is the benefit to the employer to have a defined contribution versus a defined benefit pension plan? How much you need to save for retirement with Malcolm Hamilton and Rob CarrickWhat percentage of your working income do you need to have when you retire? How does spending in your retirement compare to your working years? What kind of retirement life will you have if you have 50% of your income each year? Is it necessary to maximize RRSP contributions each year? At what age should you be maximizing your RRSP savings? The pension fund crisis with Malcolm Hamilton and Rob CarrickHow bad is the pension situation right now across the country? How are the private sector and the public sector pension plans doing? What happens to a pension plan when a company restructures or goes bankrupt? How confident can young workers be in their company pension plan? Saving for retirement with Malcolm Hamilton and Rob CarrickThe conservative investing trend that many investors are turning to in the wake of the stock market declines over the past six months. The implications of a conservative investment strategy on the growth of your RRSP. His opinion on Principal Protected products. How much you need to save for retirement with Malcolm Hamilton and Rob CarrickWhat percentage of your working income do you need to have when you retire? How does spending in your retirement compare to your working years? What kind of retirement life will you have if you have 50% of your income each year? Is it necessary to maximize RRSP contributions each year? At what age should you be maximizing your RRSP savings? What is an annuity?What is an annuity? Why are people happier when they have an annuity? How do interest rates affect annuities? Investing can be painlessYou wouldn't have dental work done without pain management. It's the same with investing. When you set up automatic contributions to your saving or investing account every month you don't feel a thing. Investor Education Fund (IEF) IPAC awardIEF is the 2010 Gold Medalist in the Deloitte/Institute of Public Administration Leadership Awards. This prestigious award recognizes the dedication and vision of the board, and the skills and talents of our employees. Universal Money Truth #3 - Know your cash flowKnowing how much money you earn, and how much you spend is key to managing your money. Track your income and expenses, and find ways to save more money. Watch as real Canadians reveal the third universal money truth. |