Your Everyday Rich

Hosted by Jason and Jennifer Kao - YER Network

Business InvestingInterviews guests

Website RSS feed

Episodes

Latest episode

Mar 2025

Language

About the show

Join two millennials, Jason and Jenn, for unfiltered living room conversations about life’s biggest decisions—the ones you hesitate to bring up and secretly Google. Like getting better with your money, leveling up your career, or juggling parenthood with personal goals. Sound familiar? This show isn’t just about finances and investing—it’s about giving you the tools and confidence to build a life that truly feels “rich” in every way.

Listen to episodes

60 recent

March 19, 202533 min

Ep 85 - More Q&A: Money Talks Series & Relationship Landmines – How to Get Your Partner on Board w/ investing

You ask, we listened. Some more Q&A with the MONEY TALKS SERIES:So, you’re ready to invest, but your partner treats money talk like a doing laundry? Yeah, we get it. In this episode, we break down how to navigate those awkward, heated, or just plain ignored financial conversations with your spouse—without turning date night into a budget meeting from hell.We cover the art of persuasion (hint: it’s not nagging), why shared financial goals > criticizing spending habits, and how small wins—like setting up a simple pay yourself first system—can turn even the most reluctant spender into a low-key investing pro. Plus, we tackle a juicy Q&A on bonuses (spend vs. invest?) and what to do when seeing red in your portfolio makes you panic-sell.If you’re done arguing over Amazon purchases and ready to build wealth together, this one’s for you.🎙 Hit play—your financial peace treaty starts now.

March 12, 202533 min

Ep 84 - The "Quiet Quitting" of Investing - Hitting Coast FIRE (fi) & how that can change your investing approach

What if you could hit the pause button on investing and STILL retire early? Enter Coast FIRE (fi)—the financial freedom cheat code that lets you stop grinding and start gliding.In this episode, we break down how to know when you’ve invested enough to let compound interest do the rest, the math behind reaching Coast FI, and why it’s the ultimate stepping stone to full financial independence (aka never working for money again). Plus, we tackle the sneaky ways you can mess this up—because, *spoiler: inflation is a little b*tch, and lifestyle creep will wreck your plans faster than a shopping spree at the Lululemon.We also get real with case studies of investors who’ve hit Coast FI using index funds, real estate, and side hustles. And if you’re still questioning whether retiring early-ish is even possible, we’re here to tell you: yes, and it’s closer than you think.🎙 Listen now, because your future self will thank you.Checkout these Coast FIRE calculators:https://walletburst.com/tools/coast-fire-calc/

March 5, 202526 min

Ep 83 - Q&A. No Will? No Life Insurance? Your Kids Could Be Screwed—Here’s How to Fix It

Thinking about having kids? Already have them? Either way, you need a plan to protect both your family. We answer your questions about why there’s no “perfect” time to have kids, and how life insurance and wills can literally save your family from unnecessary headache, and the simple plan to secure your kids’ future without screwing yourself over. No fluff, no BS—just the real talk you everyday rich parent needs. Listen now.Like, share, subscribe—because if this episode saved you from future regret, it’ll probably save someone else too. #MillennialMoney #ParentingFinance #NoBrokeKids #lifeinsurance #wills

February 26, 202540 min

Ep 82 - iPads Won’t Pay Their Rent: The 4-Step Plan to Make Your Kids Rich

Raising kids ain't cheap, but are you setting them up for success or just throwing cash at the latest gadgets? In this episode of YourEveryday Rich, we break down the four real ways to invest in your kids—beyond just stacking money in an RESP and calling it a day.What We Cover:- The smartest, tax-efficient ways to build wealth for your kids (without screwing over your own retirement)- Why teaching them to make money is more powerful than just saving it for them- The grit factor—how to raise resilient, money-smart kids in a world that coddles them- The biggest investment you’ll ever make (hint: it’s not in the stock market)Forget handing them a trust fund and praying they don’t blow it—this is about setting them up for real financial independence. If you’re serious about breaking the paycheck-to-paycheck cycle and creating generational wealth, this episode is for you.Listen now. Apply the game plan. And for the love of your bank account, stop giving your kids free money.Like, share, and subscribe so more millennials can get their money right! #GenerationalWealth #MillennialMoney #InvestingForKids #investing

February 19, 202525 min

Ep 81 - TFSA Mistakes That’ll Cost You Big (& How to Avoid Them) as seen by Reddit users

If you think the Tax-Free Savings Account (TFSA) is just a glorified savings account, we need to talk—because too many Canadians are accidentally handing money to the CRA thanks to simple but costly mistakes. Overcontributing? Penalty. Reinvesting withdrawals too soon? Penalty. Day trading stocks like you’re on Wall Street? Big problem. Beneficiary or successor? Say who now? In this episode, Jason and Jenn break down the 2025 TFSA contribution limit ($7,000) and the most common (but avoidable!) mistakes that could be quietly draining your tax-free wealth. They share some Reddit stories about these mistakes and how you can avoid them, unlike DaveYYZ1. Your TFSA is one of the best tax-free wealth-building tools you have—if you use it correctly. Avoid these mistakes, and you’ll keep every dollar working for you, not the CRA. 🎧 Press play and get it right the first time. For everything you NEED to know about the Tax Free Savings Account (TFSA), go check out Episode 59.

February 12, 202527 min

Ep 80 - VFV or VOO and Chill? Should Canadians buy VFV or VOO? Why one of these S&P500 ETF's might be wrong for your portfolio

Alright, Canadian investors—this one’s for you. If you’re looking to bet on the S&P 500 (historically pretty decent), you’ve probably come across VOO and VFV and wondered: Which one is actually better for my portfolio? Today, Jason and Jenn are breaking it all down: fees, taxes, currency exchange, and how to squeeze the absolute most out of your investments in some of most the popular S&P500 ETF's for Canucks. Because while index investing is supposed to be simple, the details matter—a lot. Here’s what we’re getting into: 💸 Management fees: How those sneaky MERs chip away at your long-term gains. 🌎 Currency conversion costs: Why Canadians end up paying more—and how to avoid it. 💡 Tax hacks: Which one to hold in a RRSP = no U.S. withholding tax (yes, really). 📉 Norbert’s Gambit: The pro move to avoid getting fleeced on currency exchange. 🚀 The case for U.S. exposure: Why betting on the American economy still makes sense even for Canadians. By the end of this episode, you’ll know exactly how to optimize your portfolio for maximum returns—without handing over extra cash to fees, taxes, or currency conversion traps. 🎧 Press play and let’s get you investing smarter.

February 5, 202536 min

Ep 79 - Should You Wait for the next recession to Invest in the stock market?

Ok, today we’re tackling the question everyone asks about stocks: Is timing the market worth it, or should you just start investing now? What if the market crashes? Should you hold your cash and wait for the perfect moment? Jason and Jenn bring personal stories from market crashes and hard data to unpack the psychology of bear vs. bull markets. They break down why scary headlines fuel bad decisions and how dollar cost averaging might just be your secret weapon. When the stock market is permanently rigged to rise over the long haul, the math is clear: But you have to listen to the living room convo for that! #investing #youreverydayrich #stockmarket #stocks #recessionproof #bear #bull

January 29, 202531 min

Ep 78 - Hope you get rich! Chinese New Year, Whoppers, & why it might not make sense to pay off low interest debt early right now

Chinese New Year vibes—red envelopes, family stories, and how culture shapes money habits. HOPE YOU GETE RICH as Ronnie Chieng would say! Then its time to talk inflation and the big question: Should you pay off low-interest debt early than later? Using Jason’s past experience of the mighty Whopper Jr. analogy, they explain how inflation chews up purchasing power, what it means for cheap debt, and why balancing debt repayment with investing is like mastering the “heavy all” fast-food hack. Smart money insights, a side of nostalgia, and fast-food wisdom you didn’t know you needed. And shout out to Ronnie Chieng for the inspiration! #financialliteracy #youreverydayrich #investing #whoppers #debtpayoff #inflation #chinesenewyear

January 22, 202527 min

Ep 77 - "The Millionaire Next Door" series - Part 2 - Debt, Discipline, and Legacy: Millionaire Strategies for Success

What does it take to turn financial success into generational wealth? In the second episode of this series, Jason and Jenn build on the foundational principles of The Millionaire Next Door to examine the behaviors and strategies that create lasting financial security from time tested money strategies. They cover everything from the discipline needed to tackle debt (escaping the matrix or not getting trapped into a Squid Game) to the importance of consistent saving and investing. But it doesn’t stop there—this episode is all about legacy. Things that your parents probably never gave the chance to do. Jenn and Jason discuss how to have open, honest conversations about money with your loved ones especially young children (yes, that conversation) and why teaching financial literacy to the next generation is a game-changer. You’ll also learn how understanding your spending habits and making intentional choices can help you emulate millionaire behaviors without earning like one (yet). Whether you’re ready to break free from debt, set your family up for success, or just figure out how to make smarter financial decisions, this episode is your roadmap to leveling up your mindset, habits, and long-term wealth-building strategies. #youreverydayrich #moneytalks #financialliteracy #themillionairenextdoor #thematrix #squidgame

January 15, 202527 min

Ep 76 - "The Millionaire Next Door" series - Part 1 - The Wealth Mindset: How Behavior Shapes Your Financial Future

What if building wealth wasn’t about earning a high income salary or winning the lottery but about your mindset and daily habits? In this first episode of a two-part series inspired by The Millionaire Next Door, Jason and Jennifer shoot the ish about the simple yet powerful principles that set self-made millionaires apart. They discuss why decluttering your physical and mental spaces is the first step to financial clarity and how living below your means isn’t a sacrifice but a strategic choice. Expect myth-busting moments as they break down common misconceptions about wealth and explore the role of intentional living and frugality in building financial freedom. Whether you’re looking for a fresh start to the New Year or trying to figure out how to make your money work harder for you, this episode is packed with actionable insights to help you reframe your relationship with money and take the first steps toward creating lasting wealth. Shout out to Jimmy O Yang for the relatable bit on "frugal asian parents" #themillionairenextdoor #jimmyoyang #youreverydayrich #money #financialliteracy #debtfree