This article is shared by my friend Kyle Prevost from MillionDollarJourney.ca, who has developed an affordable retirement course to assist in planning your financial future. Many individuals are curious about the effectiveness of such investment courses, and here Kyle explains how his course operates and the benefits it offers.
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“Am I going to be okay in retirement?”
“Is it true that I need $1.7 million for retirement?!”
“When should I start worrying about this – will I be financially ready to retire?”
When posed with these types of inquiries, representatives from major Canadian financial firms typically respond with something like:
“The key lies in investing. Saving more is undeniably advantageous. Check out this chart – and here’s another that illustrates how incredible your life could be with increased savings. To top it off, here’s a third chart showcasing the potential wealth you’ll amass if you invest with us, as we select the superior investment options. Trust us, we assist thousands of Canadians daily; we’re experts in our field.”
As we enter what is commonly referred to as ‘RRSP Season’, the yearly cycle of consulting with financial advisors kicks off once more. In these meetings, alongside complimentary coffee and friendly discussions about personal matters or current local events, the conversation inevitably turns to investments. Here, intricate financial terminology is exchanged, reassurances are made, and the cycle continues endlessly.
Throughout this process, over 2% is being extracted from the client’s total savings, benefiting only the company’s profits.
I know I’m not the first to highlight that Canada’s actively-managed mutual fund options leave much to be desired. Yet, with Canadian mutual funds still holding over five times more assets than ETFs, it seems the message isn’t resonating with many.
Who Am I Again?
I’m Kyle Prevost, the high school educator your retirement plan wished you had back then.
A big thank you to Barry for letting me reach out to Canadians and discuss various topics, from withdrawal strategies to RRIFs!
With 16 years of writing and discussing personal finance in Canada under my belt, you may have seen me conversing with Barry at the Canadian Financial Summit or read my contributions in Moneysense or MillionDollarJourney.ca.
My latest endeavor is the one I’m most proud of. It represents the most comprehensive resource I’ve developed to date.
Introducing the first-ever online course for Canadians striving to establish their retirement plans—whether retirement is down the road or just around the corner. Whether your vision for retirement includes beach days or part-time work and travel, this course has something for everyone.
It’s titled 4 Steps for a Worry-Free Retirement – check it out here.
Is This Course Worth My Time After Reading Some Articles and Books?
While there’s plenty of great information available in blogs and books, here’s why 4 Steps to a Worry-Free Retirement stands out:
- Everything – consolidated in one location. Say goodbye to bookmarking individual articles, as it’s all structured logically for easy access whenever you need a refresher.
- Real-time updates. For example, I’ve recently incorporated all the new tax and CPP/OAS information for 2024. Books quickly become outdated shortly after purchase.
- Passive reading often doesn’t lead to deep understanding. My course includes original explainer videos, over 25 extensive interviews from the Canadian Financial Summit, a downloadable workbook, and manageable action steps.
- Exclusive access to our Worry-Free Study Hall. This private discussion platform resembles a Facebook group but is visible only to course participants. Questions can be posted anonymously, and I respond to all inquiries so that others can learn from the discussion.
How Can I Be Sure This Course is Valid?
Don’t just take my word for it. Listen to what fellow Canadian personal finance experts have said about 4 Steps to a Worry-Free Retirement:
- A podcast discussion featuring veteran Toronto Star columnist and educator Ellen Roseman, who reviewed the course thoroughly.
- In the podcast realm, I spoke with Kornel Szrejber on the Build Wealth Canada Podcast and Mike Heroux on The Dividend Guy Podcast.
- Retirement authority Jonathan Chevreau from Moneysense and the Financial Post also provided a review, available here.
- I even appeared on the TV show Money Matters with Mike Braga; you can watch the episode here.
Fee-only financial planner and columnist Jason Heath of Objective Financial Partners remarked, “Kyle’s course is invaluable for those either preparing for or currently enjoying retirement. It’s important to note that there isn’t a singular ‘right’ way to manage finances, but Kyle distills many effective strategies into understandable terms for the everyday person, empowered through his teaching background. The course genuinely educates and empowers users, which sets it apart from the subpar explanations often seen in finance.”
What Does the Course Cost?
For the extensive research and creation that went into this resource, plus my ongoing updates and commitment to answer your personal questions, the cost is $500.
However, the first 20 readers from Money We Have can use the promo code: money100, which brings the price down by $100! Just click “Have a Coupon” on the order page here, and input: money100.
I recognize that $400 is not trivial; it’s nearly half of the price for a university course these days.
If you go through the course and honestly feel it lacks twice the value of any university offering, I’ll gladly refund your payment. My aim is not to rush sales—if you’re dissatisfied, I don’t want you spreading negativity around about me. It’s straightforward: if the insights offered here don’t justify the expense, I will return your money.
No gimmicks. No hidden charges from big companies or deductions from your investments. No upselling for exclusive ‘premium’ content. Just a transparent price tag for a resource I genuinely believe in.
What Topics Are Covered in the Course?
To get a complete overview of what’s included, check the course website here.
To give you an idea of what’s inside, here is a brief list of the topics:
- Determining How Much You Need to Retire
- Understanding Your CPP Payment
- Insights on OAS Payments
- Decoding Private Pension Plans
- Safe Withdrawal Rates and the 4% Rule
- Working While Retired
- Investment Strategies
- Buying and Selling Investments
- Decumulation – Withdrawals from Your RRSP, TFSA, and Other Accounts
- Transitions from RRSP to RRIF
- Annuities – Purchasing a Pension
- Managing Retirement with a Mortgage
- Comparing Downsizing, Reverse Mortgages, and HELOCs
- Understanding Long-Term Care Insurance
- Life Insurance Considerations in Retirement
- Tips for Retiring Sooner
- Bonus Resources including a retirement-specific tax benefits checklist
I’d like to reiterate two important points:
- There is no risk in trying the course, as it comes with a money-back guarantee.
- The first 20 individuals using the promo code: money100 will receive a $100 discount.
Join Me in Challenging “Big Mutual Fund”
I’m stepping out of my comfort zone by sharing how this resource can tangibly improve lives.
It’s more difficult than it may seem. The internet is saturated with people marketing various “quick fixes” that supposedly resolve all issues, making it challenging to stand out with a truly valuable resource.
I’m an educator, not a salesperson.
4 Steps to a Worry-Free Retirement isn’t a magical solution.
I don’t hold “the secret” to untangling all of life’s complications.
The essence of this course is to provide guidance. I crafted this course for folks like my own parents—middle-class Canadians who have a vision for retirement, yet many questions to address.
With thousands of articles written and over 500 interviews with Canadian experts conducted in the last fifteen years, in addition to reading numerous books and articles to ensure the course’s information is sound, I sought feedback from various professionals. I genuinely believe this course can assist many Canadians, but only if they learn about it!
So, I kindly request you to click here to explore the course, and if it resonates with you, I’d be immensely grateful if you could share it with someone else.
From my experience with promoting resources online, we’re more inclined to trust a product if it comes recommended by friends rather than through ads or influencers. Barry’s willingness to let me connect with you demonstrates our mutual trust. Similarly, if you could mention it to a friend—perhaps saying, “There’s this passionate educator who spent considerable time detailing how Canadians can achieve their ideal retirement – you ought to check this out”—I’d be truly thankful.
I appreciate your consideration, and I look forward to welcoming you to my virtual classroom. Don’t forget to use the coupon code money100, as this offer is limited to the first 20 signups.