Financial Planning Simplified
I’m Robb — the guy behind Boomer & Echo. I’ve been a personal finance blogger since 2010 and an advice-only financial planner since 2015. I help regular Canadians with regular problems make smarter decisions about their money — without selling them a thing.
My philosophy is simple: Money shouldn’t be complicated.
You don’t need 17 bank accounts, 12 ETFs, or a side hustle to retire comfortably. You just need a good plan, grounded in what really matters to you.
By reading this website you're joining more than 250,000 people who stop by here every month to get tips on how to save money, invest well, and retire comfortably. And, if you choose to subscribe and receive new posts by email, you'll join a growing list of more than 12,000 email subscribers who are the first to get these tips sent straight to their inbox.
New Articles from Robb
Building Wealth: Your Human Capital vs. Financial Capital
Robb Engen | February 5, 2021 |
I began my career as a young sales manager in the hospitality industry and earned an annual salary of $26,000. Little did I know at the time that my human capital – as in, the present value of my expected future income throughout my working lifetime – would be worth nearly $3,000,000! I recently did…
Weekend Reading: Not Another GameStop Explainer Edition
Robb Engen | January 30, 2021 |
The internet was all atwitter about the stock market this week, more specifically about the performance of GameStop stock, short-selling, hedge funds, and Robinhood (a free stock trading app in the U.S.). Financial journalists, pundits, and amateur investors all offered their hot takes on this ‘Reddit-fuelled' market frenzy. My inbox also lit up with friends…
Weekend Reading: RRSP Tax Tips Edition
Robb Engen | January 23, 2021 |
The deadline to contribute to your RRSP for the 2020 tax year is just over a month away (March 1, 2021). Now is a great time to take advantage of any unused RRSP contribution room and reduce your net income (and tax burden) for 2020. Remember, your RRSP deduction limit is determined by: Your unused…
Money Bag: Cryptocurrency FOMO, Selling Stocks at a Loss, and More
Robb Engen | January 20, 2021 |
Welcome to the Money Bag, where I answer questions and address comments from readers on a wide range of money topics, myths, and perceptions about money. No question is off limits, so hit me up in the comments section or send me an email about any money topic that’s on your mind. This edition of the Money Bag…
Weekend Reading: Housing Boom Edition
Robb Engen | January 16, 2021 |
The Canadian housing market soared to new heights in 2020 as home prices and housing sales both hit record highs. The Canadian Real Estate Association reported a 47.2% year-over-year increase in annual sales activity, and a 13% year-over-year increase to the he MLS Home Price Index (HPI). The average home price in Canada was a…
Wealthsimple Trade Review – Canada's Only Zero-Commission Trading Platform
Robb Engen | January 13, 2021 |
Wealthsimple Trade is Canada’s first and only zero-commission trading platform. In this Wealthsimple Trade review I'll explain how you can buy AND sell from among the thousands of stocks and ETFs listed on North American exchanges without paying any fees. I first heard about Wealthsimple Trade in 2018 when it was announced as a new…
