The Student’s Guide to Personal Finance and Post-Secondary Education

Part 1: 

Part 2:


You can win a copy of Kyle’s book by signing up to enter the giveaway for free Here.

Episode Details:

Today we have arguably the #1 expert in Canada when it comes to personal finance for students. Whether it’s about saving money as a student, or setting yourself up for success with your post-secondary education, we cover it all in this in-depth two part series.

My guest Kyle Prevost is not only a teacher, but has also been featured in the Financial Post, The Globe and Mail, The Toronto, Star, MoneySense Magazine, and many many more.

He is also the co-author of the book “More Money for Beer and Textbooks” where he teaches students who are about to enter post-secondary education (and those already there) how to:

  1. Make the right decisions so that you can have a successful career after graduating
  2. Make your dollars stretch further while you are in school
  3. Set yourself up for financial success both during school, and when you graduate

Kyle and I also talk about entrepreneurship, and how that can be a great option while you are in high-school, or post-secondary education as it will:

  1. Really set you apart from your peers when you’re applying for co-op jobs and a jobs after graduation.
  2. Earn you extra money that you can use to not get into student debt, and make you sound like a better candidate for many scholarships.
  3. Give you the type of experience where a fellow student competing with you for a job down the road doesn’t even stand a chance.

To help you with this, I’m giving you access to my totally free, step-by-step video guide on how you can start your own business on-the-side here in Canada (which is really easy by the way). The guide also shows you how to build your very first website so that your business can be up and running in no time.

The entire guide is 100% free and you can check it all out here:

Last but not least, if you enjoyed the episode, please leave a review on iTunes and you will automatically be entered into a draw to win a free 30 minutes consultation with me, where you can ask me any personal finance or entrepreneurial questions you want, and I’ll also send you the best tips and guides that I can find to help you with your questions. You can review the podcast Here.

Questions Covered

  1. Is getting a post-secondary education even worth it?
  2. Let’s each share a game changing tip for someone in high school or university that can really set them on the right path in terms of having a successful career.
  3. Is university always the best option? How does college compare to university in Canada?
  4. When I was in high school, it seemed like a giant percentage of the graduating class wanted to be teachers. Can you speak to that a little bit since you actually are a teacher? What are the job prospects like for somebody that wants to be a teacher?
  5. What if someone wants to be an entrepreneur? Should you even go to college or university then?
  6. In chapter one you do a great job comparing how much a post-secondary education can cost you in Canada depending on whether you go to university or college, and whether you decide to live at home or not during this time. Can you speak to this a little bit for those listeners who are trying to decide which option to take.
  7. With student loans, what are your options? Are they a good deal? Can we just not pay them by declaring bankruptcy?
  8. What can you expect to pay in interest for student loans?
  9. Should students even bother applying for scholarships other than the automatic entrance scholarships?
  10. If we have student debt, how should we deal with it? How do we prioritize that considering that we might be trying to save for a down payment on a house, and we’re told to put money away in an RRSP and TFSA. Someone might have a car loan and credit card debt on top of that too. How would you prioritize all this? Especially considering that you’re student loan is tax deductible.
  11. Can you talk a bit about the RESP. What is it. How do we use it and what to look out for.

Links & Resources Covered

Kyle’s Book:

More Money for Beer and Textbooks

Kyle’s Sites:

Young & Thrifty

My University Money

Kyle’s Podcast:

The More Money for Beer and Textbooks Podcast

In Closing

If you have any tips, suggestions or comments, please be sure to leave a comment in the section below. I read all responses and look forward to hearing from you.

Also if you liked the episode please share it using the social media buttons and sign up for free below to receive all new episodes as they get released, news on giveaways, and the free guide on the Top 5 Personal Finance and Productivity Tools here in Canada!

I looking forward to hearing from you.