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Canada’s first finance-focused father-daughter podcast. Rob McClelland, who’s been one of Canada’s Top 50 Financial Advisors since 2015, sits down with his daughter, Georgia McClelland, a Gen Z navigating her own financial journey, to pass on his top advice for building wealth, avoiding money mistakes, and making smarter financial decisions at every age. Together, they help you spend, save, and grow your money smarter. New episodes drop every Tuesday.
31 Episodes
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Episode #26 of the 'Am I Rich Yet' podcast-In the final episode of the Am I Rich Yet? podcast, co-hosts Georgia, a Gen Z MBA student, and Rob, a recently retired financial advisor, discuss various types of insurance, including term, whole life, universal life, disability, and critical illness insurance. They explain when and why these insurances are necessary, particularly for different life stages and situations. The episode also concludes their 26-episode series with a summary of the '10 Steps to Building Wealth', touching upon key personal finance strategies. The hosts reflect on their experiences, challenges, and favourite moments of creating the podcast. They also acknowledge the behind-the-scenes contributors who helped bring the podcast to life.
Episode #25 of the 'Am I Rich Yet' podcast, co-hosted by Georgia and Rob, addresses listener questions on finance, discussing investment diversification amid U.S. political instability and emphasizing the importance of a diversified portfolio. They address spending habits, saving mechanisms, and the psychology behind spending, stressing the importance of living within or below one's means. The episode also discusses the value of financial advisors, managing inherited money in relationships, and the necessity of a solid investment policy statement, advising against chasing hot investment trends and attempts to 'beat the system.
Episode #24 of the 'Am I Rich Yet' podcast features Georgia and Rob discussing GDP, recessions, unemployment rates, inflation, interest rates, trade surpluses/deficits, and retail sales. Rob advises against using these indicators for investment decisions, emphasizing the importance of global diversification. The episode also addresses the impact on the Canadian market and provides affordable financial news sources.
Episode #23 of the 'Am I Rich Yet' podcast, hosted by Georgia Gen Z, an MBA student, and her retired financial advisor father, Rob, discusses strategies to grow one's income. They emphasize redefining success by focusing on personal happiness rather than just income. Rob shares advice from his career, including prioritizing tasks given by a boss, being proactive in the office, leveraging company benefits, and aligning with company values. They discuss the impact of AI on job markets and emphasize the value of advice from older generations. The podcast aims to help millennials and Gen Zs make informed financial decisions.
Episode #22 of the 'Am I Rich Yet' podcast, hosts Georgia and her father, Rob, discuss whether hiring a financial advisor is necessary. They explore different types of financial advice, including DIY investing, robo-advisors, bank advisors, full-service financial advisors, and fee-for-service advisors, detailing the pros and cons of each. They emphasize factors such as fees, quality of advice, and personal needs. They also answer a listener's question about investing via online platforms and suggest strategies for beginners.
Episode #21 of the 'Am I Rich Yet' hosts Rob, a retired financial advisor, and Georgia, a Gen Z MBA student, explore balancing lifestyle and finances. They discuss common financial challenges faced by younger generations, the impact of social spending, and budgeting for special events. Key advice includes knowing your budget, being honest about financial commitments, and the concept of 'spending money to make money.' They emphasize the importance of saving while enjoying life and caution against overspending to keep up with peers. The episode concludes by stressing the value of understanding financial priorities.
Episode #20 of the 'Am I Rich Yet' podcast features Georgia, a Gen-Z MBA student, and her retired financial advisor dad as they discuss the crucial topic of Love and Money. They address audience queries on managing finances in relationships through a rapid-fire Q&A session. Topics covered include splitting expenses, joint bank accounts, different financial personalities, setting joint savings goals, and the importance of effective financial communication. They share anecdotes and advice to promote financial transparency and planning among couples, emphasizing the importance of early and ongoing financial discussions.
Episode #19 of the Am I Rich Yet podcast dives into practical tax strategies for Millennials and Gen Z. Georgia and Rob cover maximizing FHSA, RRSP, and TFSA contributions, avoiding interest income in taxable accounts, investing for capital gains, and ensuring fees are tax-deductible. They also share tips on charitable giving, Canadian vs. US ETFs, and harvesting capital losses, before answering listener questions on tax hacks and deductions.
Episode #18 of the Am I Rich Yet podcast looks at how different investments are taxed. Georgia and Rob explain the treatment of interest, dividends, capital gains, losses, and rental income, along with average vs. marginal tax rates. They highlight the benefits of capital gains, deferring income, and using RRSPs and TFSAs to cut taxes. The key takeaway: understanding after-tax returns is essential for smart investing.
Episode #17 of the Am I Rich Yet podcast dives into the realities of real estate investing. Georgia and Rob cover the pros and cons of rental income vs. capital gains, how to choose the right property and tenants, and key factors like upfront costs, financing, liquidity, and taxes. They share personal stories and explore property management, market cycles, and diversification to help listeners decide if real estate is the right investment path.
Episode #16 of the Am I Rich Yet podcast covers saving for your first home. Georgia and Rob share tips on using accounts like the FHSA, RRSP, and TFSA, budgeting wisely, and exploring options like co-signers, roommates, or buying in the suburbs. They also tackle renting vs. buying and remind listeners that while homeownership can be rewarding, it should always fit your personal goals and financial plan.
Episode #15 of the Am I Rich Yet podcast features Georgia, an MBA student, and her dad Rob, a retired financial advisor, sharing Rob’s most valuable lessons from 30 years in the business. After a fun Q&A to kick things off, they dive into his “Rules to Live By,” offering millennials and Gen Zs clear, actionable advice for smarter investing and long-term wealth building. The episode wraps with a teaser for the next topic: buying your first home.
In Episode 14 of the 'Am I Rich Yet Podcast,' co-hosts Georgia, an MBA student from Sydney, and her father Rob, a retired financial advisor, delve into the importance of diversification in investing. They discuss how diversification minimizes risk, provides growth opportunities, and offers psychological reassurance. Through engaging analogies and examples, they explain diversifying by country, company size, industry, and value versus growth. The episode emphasizes the importance of spreading investments to avoid the pitfalls of concentrating on single investments, ensuring a more secure and balanced financial strategy.
In the 13th episode of 'Am I Rich Yet?', co-hosts Georgia and Rob wrap up their five-part investing series. They discuss the challenges Georgia faced moving to Australia and transitioning from full-time work to being a student. The episode features rapid-fire questions from listeners, covering topics such as managing multiple TFSA accounts, the advantages of government pension plans, and the perks of company-based savings plans. Rob emphasizes the importance of understanding investments and advises against investing in cryptocurrencies. The episode concludes with a teaser for the next episode on diversification.
You asked, we answered! In Part 4 of our 5-part savings series on Am I Rich Yet, Georgia and Rob tackle your real-life money questions - from “Where do I even start?” to “How do I save without feeling broke?” Get ready for honest advice, relatable stories, and tips you can actually use to make saving feel a little less overwhelming
In Episode 11 of Am I Rich Yet? Podcast hosts Georgia and her father, Rob, a retired financial advisor, discuss the third part of their five-part investment series focusing on risk and returns. Key discussion points include the relationship between risk and return, the dangers of speculation versus investing, and the long-term historical returns for various types of investments such as cash, bonds, and stocks. Rob emphasizes the importance of diversification, using mutual funds or ETFs with low fees, and maintaining a predominantly equity-based portfolio, especially for younger investors. The episode also touches upon the skepticism towards alternative asset classes and caution against using robo-advisors without understanding their profit motives. Lastly, Rob provides five key points to consider when building an investment portfolio.
In this episode of Am I Rich Yet, co-hosts Georgia, a Gen Z MBA student, and her father Rob, a retired financial advisor, break down risk tolerance and risk capacity in investing. Using a bell curve to illustrate conservative to aggressive profiles, they explain how understanding your risk profile leads to smarter investment choices. They discuss avoiding emotional decisions, and the long-term benefits of higher-risk investments. The episode wraps up with a practical test to help listeners assess their own risk capacity.
Welcome to the Am I Rich Yet podcast! In episode nine, co-hosts Georgia, a Gen Z MBA student, and Rob, a retired financial advisor, delve into the essentials of investing in part one of their five-part investing series. They cover the six most common types of investments: cash and GICs, bonds, stocks, mutual funds, ETFs, and real estate. Tune in to understand the advantages and disadvantages of each investment type, and learn key takeaways for smarter money management.
To wrap up our savings series, Georgia and Rob answer your final round of questions: from building savings on a tight income to automating your goals and avoiding common traps. Whether you're just starting out or trying to level up your savings game, this episode gives you the clarity and confidence to make your money work for you.
In this episode of Am I Rich Yet, Georgia and Rob answer your questions about Canadian investment accounts, like when to use a TFSA, RRSP, or FHSA, and which account makes the most sense for your financial goals. Whether you're saving for a house, retirement, or just trying to grow your money smarter, we’ll help you match your goal to the right account.
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