Seeking a financial education on YouTube can be problematic, to say the least. A lot of the content on the world’s biggest content streaming site is optimized for foreign audiences—there is no real gatekeeper fact-checking all of the content that gets uploaded to the site, and distractions aplenty exist on the platform.
However, despite these challenges, there is also a lot of great advice to be found on YouTube finance channels—if you know where to look! So, if you’re looking for tips for managing your money online, we thought we’d share some of our top picks for finance YouTube channels to watch. Some of these channels are from Canadian sources, while others are from other countries but provide good general advice that you can use regardless of where you live.
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Top Canadian Finance YouTube Channels:
Much like our lists for the best finance podcasts, books about personal finance, or personal finance blogs to follow, our list of the top Canadian finance YouTube channels is not intended to be in any order. This is just a list of top financial YouTube channels that we thought our readers might benefit from.
Canadian Finance YouTube Channel #1: The Plain Bagel
Although the channel does state in its disclaimer that “The videos on this channel are for education purposes only and do not constitute financial advice,” The Plain Bagel could prove to be a very useful resource for those looking to learn about personal finance on YouTube.
CFA (Chartered Financial Analyst) and CFP (Certified Financial Planner) professional Richard Coffin uploads new videos fairly frequently to his channel. These videos cover a range of topics to educate viewers about various terms used in investment circles, provide insights into why certain investment types might be good or bad, and even the occasional “just-for-fun” video of him reacting to “investment TikToks” or other meme-able pieces of content.
If you want to learn about investing your money and how to interpret the acronym-filled word salad some investment advisors will throw your way, The Plain Bagel is a great place to start.
Canadian Finance YouTube Channel #2: Steph & Den
Steph & Den is a financial YouTube channel run by a self-proclaimed “couple of twenty-somethings living in Toronto.” The titular Steph Gordon and Dennis Mathu are a couple of young Millennial professionals who work together on the weekends to create content for their shared advice channel.
This channel goes beyond just giving financial advice to help younger viewers find ways to grow their careers so they can have more disposable income in the first place. They also break down some common expenses that might be costing you more than you think, highlight how to make a budget you can stick to, and provide general advice for investing and saving money to make it work for you.
If you want to hear some valuable career advice from a couple of up-and-comers or need help with money management, consider subscribing to the Steph & Den personal finance YouTube channel!
Canadian Finance YouTube Channel #3: Ben Felix
As a portfolio manager with PWL Capital Inc., Ben Felix knows about managing money and how to invest. While he has slowed down his upload schedule on his YouTube channel in recent months, he has a lot of content on there that his 221K subscribers have found useful for their own money management needs.
Some example video topics include how to retire early, preparing for a recession, and renting vs. buying a home.
Since he’s on the PWL Capital team, Felix also works with portfolio manager Cameron Passmore on the Rational Reminder podcast YouTube channel from time to time (along with numerous other guest stars).
General Financial YouTube Channels to Follow:
The previous YouTube finance channels listed are all aimed mostly at a Canadian audience or are run by people who live in Canada. While the following “Best Finance YouTube Channels” aren’t specifically for Canadians, they offer a lot of good information and advice that is generally applicable to those of us living in the Great White North.
When listening to these commentators, however, it is important to remember to take their advice with a grain of salt whenever they mention a specific vehicle for investing or saving money, since they may be referencing saving or investment options not typically available for those living outside of their home country!
Financial YouTube Channel #1: Graham Stephan
With an audience of 3.36 million subscribers, it’s fair to call Graham Stephan a fairly popular option for those seeking a financial education on YouTube. Graham Stephan is a real estate agent and investor who created his channel to, in his words, “share my successes, failures, and experiences in the real estate industry.”
While a lot of his advice is based on rules and information specific to the USA’s real estate market, the videos on his channel offer some important insights for things like buying a rental property, learning how to make money with real estate, and some of the financial dangers faced by Millennials and younger generations.
If you want to learn more about investing in real estate or how to make money with rental properties, consider joining the millions of people subscribed to Graham Stephan’s finance YouTube channel.
Financial YouTube Channel #2: Meet Kevin
Meet Kevin Paffrath, a real estate broker and investor who runs a YouTube channel promoting advice for making money from real estate, how to use the stock market, and his campaign to become the next Governor of his home state of California.
While specific to the state of California, the Meet Kevin finance YouTube channel provides some inside peeks at how the housing market works. He has some interesting and entertaining content about real estate and investing, so you might want to subscribe to his YouTube channel to see more content from him!
Financial YouTube Channel #3: The Financial Diet
This is a dedicated personal finance YouTube channel that uploads new content every Tuesday for its 883K subscribers. The channel can be traced back to 2014 when its founder, Chelsea Fagan, started a blog to help her keep track of her own budget. Their blog even accepts some submissions for content from others, so they have a large backlog of information on a wide variety of financial topics.
For their financial YouTube channel, The Financial Diet provides a lot of ideas that you can use to cut your spending and tighten the proverbial belt to cope with a limited budget. Some examples of top videos on their channel include things like unnecessary items people think they need to buy (that they actually don’t need), beauty routine changes that make life easier (and more affordable), and some “side hustles” you can use to increase your income.
The advice here is great for helping you find new ways to make money or cut costs. If you want more real and personable advice from a group of friendly faces, consider subscribing to The Financial Diet!
Financial YouTube Channel #4: Let’s Talk Money
Joseph Hogue is a financial expert and investment analyst who has made appearances in Bloomberg and CNBC. On his channel, Let’s Talk Money!, he shares advice that helps people with topics like increasing their credit score, learning how to invest money in stocks, and how to pay off their debt.
A lot of the investment advice provided here is particular to the USA, but the advice for managing money, dealing with debt, and finding new ways to earn money from home can be very valuable for almost anyone. So, it might be worth your time to subscribe to this personal finance YouTube channel to catch some advice.
Need More Information and Advice about Dealing with Debt?
If you need more information than what you can find in the finance YouTube channels listed above, consider checking out some of our other resources, like our post about “Reddit Personal Finance Canada” or “How to Tread Water when You’re Drowning in Debt.”
Or, you could contact us directly. The finance experts at Credit Canada are here to provide simple, judgement-free advice on sensitive topics like dealing with debt or setting up a budget to keep you out of debt.
Although dealing with debt can be incredibly stressful, there’s no need to do it alone! Resources like the YouTube channels listed above and Credit Canada are here to help you if you need it.
Why wait? Try out our Debt Calculator for yourself to see how long it would take for you to get out of debt!
Frequently Asked Questions
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What is a Debt Consolidation Program?
A Debt Consolidation Program (DCP) is an arrangement made between your creditors and a non-profit credit counselling agency. Working with a reputable, non-profit credit counselling agency means a certified Credit Counsellor will negotiate with your creditors on your behalf to drop the interest on your unsecured debts, while also rounding up all your unsecured debts into a single, lower monthly payment. In Canada’s provinces, such as Ontario, these debt payment programs lead to faster debt relief!
Can I enter a Debt Consolidation Program with bad credit?
Yes, you can sign up for a DCP even if you have bad credit. Your credit score will not impact your ability to get debt help through a DCP. Bad credit can, however, impact your ability to get a debt consolidation loan.
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Will Debt Consolidation hurt my credit score?
Most people entering a DCP already have a low credit score. While a DCP could lower your credit score at first, in the long run, if you keep up with the program and make your monthly payments on time as agreed, your credit score will eventually improve.
Can you get out of a Debt Consolidation Program?
Anyone who signs up for a DCP must sign an agreement; however, it's completely voluntary and any time a client wants to leave the Program they can. Once a client has left the Program, they will have to deal with their creditors and collectors directly, and if their Counsellor negotiated interest relief and lower monthly payments, in most cases, these would no longer be an option for the client.