382 – It’s Not Your Fault You Can’t Get Ahead + Advice on What To Do

We all agree that life is getting more difficult for the average person. The cost of living is going through the roof; wages are stagnant, and no matter what you do, it seems impossible to get ahead. On today’s podcast, Doug Hoyes explains the three forces that are conspiring against you: demographics, technology, and bad money. How did we get here? And how can you compete in today’s challenging economy? Tune in to this special episode for Doug’s insights and practical advice.

Resources Mentioned in the Show:

House Prices, Canadian Real Estate Association: https://creastats.crea.ca/en-CA/

Hourly Wages, Statistics Canada: shorturl.at/gGQT1

Rembrandt sketch, The Parable of the Talents: https://www.pubhist.com/w26841

NHL Statistics: https://www.quanthockey.com/nhl/seasons/2019-20-nhl-players-stats.html

Inflation, Statistics Canada: https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1810000501

2020 Canadian Federal Budget: https://www.budget.gc.ca/2021/report-rapport/anx1-en.html

Canada Emergency Wage Subsidy Statistics: https://www.canada.ca/en/revenue-agency/services/subsidy/emergency-wage-subsidy/cews-statistics.html

Canada Emergency Response Benefit Statistics: https://www.canada.ca/en/services/benefits/ei/claims-report.html

High-Income Tax Filers, Statistics Canada: https://www150.statcan.gc.ca/t1/tbl1/en/tv.action

Baby Boom, Statistics Canada: https://www12.statcan.gc.ca/census-recensement/2011/as-sa/98-311-x/98-311-x2011003_2-eng.cfm

Historical Price of Oil: https://www.macrotrends.net/1369/crude-oil-price-history-chart

Historical Inflation Rate, Canada: https://www.macrotrends.net/countries/CAN/canada/inflation-rate-cpi

Historical Wages, Project Link Data from Statistics Canada & various sources: https://worthwhile.typepad.com/stephen/link/

Episode #271, TFSA, RRSP and Debt: https://youtu.be/7zn3JeAonV4