The Simplest Personal Finance Strategy Ever (On-Demand - CPABC)
Overview
The previously accepted method of building wealth doesn’t work anymore. The truth when it comes to personal finances is simple: people’s quest to secure a comfortable retirement often ends up making them poor and others rich.
The old way to get wealthy was to acquire assets like real estate, stocks and mutual funds, often using debt, then sit back and let time grow your net worth.
But that strategy is deeply flawed and is sending many people to the poor house. That’s because it ignores the one basic principle that overrides any wealth-building strategy that anyone who is truly rich knows: what we should really be focused on is not getting rich, but plain old cash flow.
Access expires 180 days from purchase date |
Applicable for
Learning Objectives
- appreciate how focusing on ensuring future cash flow is a better strategy than a balance sheet/net worth approach
- be aware of the relationship between money and happiness and how to increase your happiness level
- calculate whether buying a house is the best option for anyone currently renting
- understand the extreme risks of buying a high-rise condominium as well as the tax implications of investing in one to rent out
- become familiar with how inflation and the CPI index work and what has been happening in this area
Content
You’ll also see a demonstration of a free spreadsheet that is included with the course, the House Rent versus Buy Analyzer to help people making the decision about home ownership.
Course Content Created: July 2020
The information is current as of the creation or last updated date. While we strive to keep our inventory updated and periodically remove outdated titles, changes in accounting, tax, legislation and technology may occur. Purchasers should note the date and verify for themselves if the course is still relevant to their needs.Presenter
David Trahair, CPA, CAAbout This Product
On-Demand Courses by CPABC are recordings from live seminars, made available with any corresponding handout material, where available.
These titles are eligible for Verifiable CPD Hours – in order to claim these hours as verifiable, you will be required to successfully complete a short quiz. You will be able to print or save your electronic certificate of completion.
How to get started
Upon completion of purchase, go to mylms.bccpa.ca and log in using your CPABC Online Services credentials. Click “Go to your Courses and Materials” to go to your Learning Center, then find and click on your course title.
Course Dates & Registration
- 3
- CPD Hours
- 0
- Ethics Hours
- 0
- AML Hours
- 4
- Credits
Starting April 1, 2026, a 2.1% fee will be applied to all credit card transactions. Learn more about this fee and how it relates to PD registrations.
The Simplest Personal Finance Strategy Ever (On-Demand - CPABC)
- 3
- CPD Hours
- 0
- Ethics Hours
- 0
- AML Hours
- 4
- Credits
Overview
The previously accepted method of building wealth doesn’t work anymore. The truth when it comes to personal finances is simple: people’s quest to secure a comfortable retirement often ends up making them poor and others rich.
The old way to get wealthy was to acquire assets like real estate, stocks and mutual funds, often using debt, then sit back and let time grow your net worth.
But that strategy is deeply flawed and is sending many people to the poor house. That’s because it ignores the one basic principle that overrides any wealth-building strategy that anyone who is truly rich knows: what we should really be focused on is not getting rich, but plain old cash flow.
Access expires 180 days from purchase date |
Applicable for
Learning Objectives
- appreciate how focusing on ensuring future cash flow is a better strategy than a balance sheet/net worth approach
- be aware of the relationship between money and happiness and how to increase your happiness level
- calculate whether buying a house is the best option for anyone currently renting
- understand the extreme risks of buying a high-rise condominium as well as the tax implications of investing in one to rent out
- become familiar with how inflation and the CPI index work and what has been happening in this area
Content
You’ll also see a demonstration of a free spreadsheet that is included with the course, the House Rent versus Buy Analyzer to help people making the decision about home ownership.
Course Content Created: July 2020
The information is current as of the creation or last updated date. While we strive to keep our inventory updated and periodically remove outdated titles, changes in accounting, tax, legislation and technology may occur. Purchasers should note the date and verify for themselves if the course is still relevant to their needs.Presenter
David Trahair, CPA, CAAbout This Product
On-Demand Courses by CPABC are recordings from live seminars, made available with any corresponding handout material, where available.
These titles are eligible for Verifiable CPD Hours – in order to claim these hours as verifiable, you will be required to successfully complete a short quiz. You will be able to print or save your electronic certificate of completion.
How to get started
Upon completion of purchase, go to mylms.bccpa.ca and log in using your CPABC Online Services credentials. Click “Go to your Courses and Materials” to go to your Learning Center, then find and click on your course title.
Course Dates & Registration
Starting April 1, 2026, a 2.1% fee will be applied to all credit card transactions. Learn more about this fee and how it relates to PD registrations.