Investing Basics – Where to Start Now That You’re Debt Free | DFI30

Investing Basics – Where to Start Now That You’re Debt Free | DFI30 | Ep. 393. You’ve paid off your debts. Now you have extra money left over. What’s the best way to manage this cash? If you want to invest, how do you get started? On today’s podcast, Doug Hoyes and Ted Michalos walk you through what you need to consider before you invest. They explain how TFSAs, RRSPs, RESPs, and RDSPs work and when you should put your money in each. They also discuss the risks that come with stock trading and the true costs of mutual funds. Doug and Ted also explain the different investor personality types so you can better understand yourself. Tune in for great practical advice!

Resources Mentioned in the Show:

RDSP & RESP expert – Big Cajun Man’s website: https://www.canajunfinances.com/about/
Jason Heath, Certified Financial Planner: https://objectivefinancialpartners.com/
Sandi Martin, Certified Financial Planner: https://springplans.ca/
Investment Selling is Not Financial Planning: https://www.hoyes.com/blog/investment-selling-is-not-financial-planning/
Podcast 360 – Planning Retirement with Limited Savings & Income: https://www.youtube.com/watch?v=nth1wjv5s8M
Podcast 215 – What is a Robo-Planner? Automated Financial Planning: https://www.youtube.com/watch?v=rXW7a7EdCKA

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