On the Rational Reminder today we are joined by Ellen Roseman from The Toronto Star, who has been writing and working in the realm of Canadian personal finance and consumer rights for many years. We have a great chat about her work history, what has driven her career and what motivates her to continue to pursue her path of creating financial awareness for more people. We discuss the position of advocacy for consumer rights and how that translates into her everyday work, her most important and recent areas of action, the classes she is involved in teaching and her most recent book, titled Fight Back. Ellen weighs in on the topics of financial advice and how to seek out the best of it, actively managed funds and how she is involved FAIR Canada. We finish off with a fun bit about how Ellen found herself blocked on Twitter by Suze Orman and Dave Ramsey! For all this and more, listen in today!

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Key Points From This Episode:

- What it means to Ellen to be an advocate for consumer rights. [0:02:43.1]
- The most recent cause that Ellen has been championing through her work. [0:05:51.4]
- Three tips from Ellen’s most recent book, Fight Back. [0:07:59.0]
- The class Ellen teaches at UFT, Investing for Beginners. [0:14:18.9]
- Ellen’s attitude towards seeking advice and when it is necessary. [0:16:19.6]
- Bad investment advice and the cases that crop up the most for Ellen. [0:18:18.5]
- Some of the results of Ellen’s course and how it is laid out. [0:21:05.4]
- Are actively managed mutual funds still holding the majority of Canadian assets? [0:26:03.2]
- A little about FAIR Canada and Ellen’s work there. [0:27:55.4]
- Ellen’s recent Twitter activity which led to get her getting blocked by Suze Orman. [0:32:14.5]
- A definition of success from our wonderful guest! [0:38:14.0]
- And much more!

Tweetables:

[bctt tweet=”“That kind of advice isn’t that useful and a lot of people take my course are fed up with their mutual funds because they’re not growing, they feel that they’re not getting anywhere.”” username=”ellenroseman”] [bctt tweet=”“I think every woman in Canada is realizing you can’t leave it to the male in your life. You are likely to outlive them and your approach might be different from your partner’s approach.”” username=”ellenroseman”]

Links From Today’s Episode:

Rational Reminder Website — https://rationalreminder.ca/

Ellen Roseman — https://www.thestar.com/authors.roseman_ellen.html

Ellen Roseman on Twitter — https://twitter.com/ellenroseman

Toronto Star — https://www.thestar.com

McGill University — https://www.mcgill.ca/

Ralph Nader — https://nader.org/

Richard Shillington — https://www.commongoodplan.org/team/richard-shillington/

change.org — http://change.org/

Boomer & Echo — https://boomerandecho.com/

Air Miles — https://www.airmiles.ca

Fight Back — 81 Ways to Help You Save Money and Protect Yourself from Corporate Trickery – https://www.amazon.ca/Fight-Back-Yourself-Corporate-Trickery/dp/1118300882

Rogers — https://www.rogers.com

Dollarama — https://www.dollarama.com

Morningstar — https://www.morningstar.com/

Canadian Couch Potato — https://canadiancouchpotato.com/

Vanguard — https://investor.vanguard.com/corporate-portal/

BlackRock — https://www.blackrock.com

Lana Sanichar — https://lanasanichar.com/home/

Canadian MoneySaver — https://www.canadianmoneysaver.ca/

Money Saver Podcast — https://www.canadianmoneysaver.ca/blog/the-moneysaver-podcast

Rona Birenbaum — https://www.retirementredux.com/tag/rona-birenbaum/

Viva Plan — https://www.myvivainc.com/

Larry Bates — https://larrybates.ca/

Beat the Bank — https://www.amazon.ca/Beat-Bank-Canadian-Successful-Investing/dp/ 1775343707

Franklin Templeton — https://www.franklintempleton.com/

FAIR — https://faircanada.ca/

IIROC — https://www.iiroc.ca

Suze Orman — https://www.suzeorman.com/

Dave Ramsey — https://www.daveramsey.com/

The Latte Factor — https://www.thelattefactor.com/

David Bach — https://davidbach.com/

Kevin O’Leary – https://www.kevinoleary.com/

Download the transcript of this episode here: Rational Reminder Podcast – EP.51 – Transcript

About The Author

Cameron Passmore

Cameron Passmore has been a leading advocate for evidence-based, systemic investing for over 20 years in the Ottawa area. Today, Cameron and his team serve a broad range of affluent clients across Canada.