Rob Carrick: Canadian Personal Finance in 2023 | Rational Reminder 272

[@piranhaa2]

Great episode! It's crazy hearing how much parents feel that they need to help their kids into adulthood (92% of parents are still helping their kids financially in some way). The next 50 years will be interesting indeed.

[@MasterMind468]

Its because parents do not like that the goal posts have been widened for their kids.

[@freedomlife3623]

Love Rob’s article, he has a good sense of Canadian finance. Really appreciate you brought him on your program.

[@thomas6502]

It's not just young folks, or Canadians for that matter! :-) Excellent show as always--really appreciate the work you all do. Thank you!

[@donnyfanizzi5360]

Thank you

[@churchmanas]

Ben drinking water straight out of the jar made me laugh

[@freedomlife3623]

Lots of Canadians don’t want to deal with their own investment, most of them spend more time planning their vacation than their financial plan. Just like most of would be retirees don’t track their expense to have a properly planned retirement plan. It’s very sad.

[@robodub1]

Why not keep money in zero risk 5.5% (6mo T-Bills for me) while we have the opportunity *before* putting money in stocks. Considering we can't time the market anyway what is the cost of waiting. Maybe the expected value is higher in the market, but it is hard to believe the risk adjusted return is better than 5.5% with no risk.

[@rationalreminder]

It’s not risk-free. Cash is far more likely to lose purchasing power than stocks. -Ben

[@Will140f]

5.5% minus whatever inflation has been doing the last few years (ranging between about 2.4 and almost 6.8%!) doesn’t look quite so great

[@MasterMind468]

If you don’t think the affordability crisis is real, just wait til it affects your own adult kids. My mom is having anxiety attacks because I am having a baby and we cannot find a suitable 2 bedroom apartment in “cheap” montreal Sorry, i’m not enthusiastic about paying 30% of our household income on rent

[@freedomlife3623]

How about 50%+ of income for rent if you live in Vancouver. It is very crazy.