This week, I gave myself a $600 annual raise. No, I didn’t get a promotion or take a different job. Instead, I simply increased my passive income by buying some bank stock. As I’ve said before, salary and income need not be the same thing. There are always ways to increase your income even if […]
Most investors are interested in a definitive answer to question of when is the best time to invest in the stock market. And for good reason. After all, no one – and I mean no one – ever wants to lose money. We work very hard for our paycheques. It stands to reason that you […]
Take what you need. Leave the rest. Author Unknown Roughly 20 years ago, I was fortunate enough to come across the book Debt-Proof Living by Mary Hunt. I can honestly say that this book changed my financial life. How so? This book taught me a simple way to organize my money, to get out of […]
Learning about personal finance and investing has been a hobby of mine for the better part of 30 years… wow – that’s a long time! No wonder I make those odd noises when I get up from the couch… Anyway, one of the first books that set me on my successful path was The Total […]
One of the biggest downfalls of the online personal finance community is the lack of balance. I suppose that’s partly due to the fact that we’re all competing for eyeballs on the screen, and extreme headlines garner more attention. It’s unfortunate though. I think more people would be willing to consider pursuing FIRE if they […]
One of the keys to getting what you want from your money is knowing who you are. The very first step to getting what you want is identifying it. There is no way around it – you must know thyself. Are you a person who buys something because everyone else buys it? Or are you […]
This week, I had a conversation with a dear friend of mine about spending money. She made the observation that if she spends money today, then there’s that much money less to pay for her retirement. I couldn’t argue with her. In fact, I was happy that someone else in my circle of loved ones […]
There’s a lot of jargon in the world of personal finance. The more terms you know, the more comfortable you’ll be when it comes to making decisions about your money. Today’s post is meant to be a short and sweet tutorial about the basics of Sequence of Return Risk. A bear market is one where […]
I want you to keep your money. Yes – that’s right. You should put yourself in a position to keep your money. Obviously, you can’t keep all of it. When you get paid, you have to give away some of your money. It has to go towards shelter, food, utilities, a basic wardrobe, and transportation. […]
Every time you get paid, I want you to buy yourself some “No!” Whatever are you talking about, Blue Lobster? It’s simple. When you receive your paycheque, endeavour to not spend all of it. Now, I know that there are those who are barely surviving from one payday to the next due to a low […]