Such a simple question, isn’t it? “Can I afford it?” At first blush, it seems ridiculous to even ask the question. It’s a yes or no question. Either you have the money or you don’t. Appearances can be deceiving. Having the money is only the first part of the equation… Okay, Blue Lobster – just […]
It is a simple truism that what gets measured is also what gets managed. I can think of few other places where people fail to put this truism to good work beyond their money behaviour. People will track their calories, the amount of gas they put in their cars, the number of times they work […]
You have to earn money to even be able to save and invest a portion of it… by MI154 of ESI Money There’s a silent assumption in the Financial Independence Retire Early world that is, in my opinion, at the root of the derision heaped on this community. And it is this: everyone has a […]
Even if you’re a Singleton like me, the implications of intergenerational wealth may have touched your life at some point. I like to think of intergenerational wealth as a faucet of income that helps younger generations to start their adult lives without debt. It’s a financial tool that allows young adults to master the skills […]
Earlier this week, I went shopping at Canada’s last remaining national department store. I’ve been searching for black pants for the past few months and I had some time to kill between appointments so I took myself shopping, an activity that I normally hate very much. To my very pleasant surprise, I found the pants […]
“Daddy, can I have some money?” asks a 6-year old Blue Lobster. “Sure – let me go pick it off the Money-Tree,” Daddy replied, in a tone I can now identify as sarcastic. “Wait! What? There’s something called a Money Tree?” Little Blue Lobster thinks to herself. “I need to get one of those.” And […]
Today, I checked my credit card statement and found out that I have to pay $191.13 by October 10, 2019. The box at the bottom informed me that if I were to make the minimum payment ($10) at my current interest rate, then I would pay off my balance in 2 years and 0 months. […]
I think I’ve made a money mistake. According to the personal finance blogs that I follow, the stock market has been on a bull-run since 2009. A “bullish” stock market is one where the stock market is rising. A “bearish” stock market is one where the stock market is falling. Since 2011, I’ve been busily […]
There’s no one perfect way to become financially savvy. Yet, I can promise you that you won’t obtain the knowledge you need unless you start today. There are very few people in your life who will care about your financial health as much as you do. If you’re lucky, your family will take it upon […]
I have to admit that it sometimes takes me a very long time to learn lessons that should be obvious. One of those lessons is how the kitchen can be used to significantly cut food costs. Today’s lesson, Gentle Reader, is about the money-saving magic of my kitchen. At the end of last week, I […]