Per Diem… it’s a phrase that means “an amount of money paid per day.” In the world of personal finance, it’s a phrase that is not used nearly enough. I want you to commit to a per diem. That’s right. I want you to pay yourself some amount of money every single day. I’ve written […]
It struck me recently that one of the reasons I’ve achieved some of my personal finance goals is that I’ve followed old-fashioned advice. These are the top three nuggets that come to mined. Stay Out of Debt. This particular pearl has served me well. I’ve had credit cards in my wallet for more than 25 […]
If I can impart one nugget of wisdom to you today, it is this. You need not make every mistake yourself in order to learn a lesson. You’re always free to learn from others. I’m not promising that you’ll avoid making your own mistakes – that’s utterly impossible. What I am promising is that some […]
Try as I might, I still haven’t figured out a way to get everything that I want. There are always tough choices to be made about money. I honestly believe that tough choices are the foundation of the non-financial side of personal finance. While the Single Ones among us do not have to fight with […]
In a perfect world, you would have started saving with the first dollar that you ever received, i.e. birthday money, paper route money, graduation money. You would have gone to the bank – or your parent would have taken you – to the bank and you would have opened an account. Then you would have […]
I don’t use a budget. I’ve been in charge of my own money since I got my first part-time job, in a grocery store, at the age of 15. Not once since that time have I ever written out a budget in order to allocate a certain amount towards food, towards clothing, towards entertainment, towards […]
Roughly 20 years ago, I landed my first professional office job. It entailed monthly meetings with my manager, wherein I updated him on my current workload. He was an amiable man and most meetings were sprinkled with little nuggets of life advice. One of the acorns of advice that has always stayed with me is […]
It’s once again the season to talk about your Registered Retirement Savings Plan – otherwise known as RRSP Season! Between Christmas and the end of February, there’s generally a plethora of advertising about the importance of funding your RRSP. So I’m putting my $0.02 into the mix too! An RRSP is a tax-deferred way to […]
Go ahead, Gentle Reader – you’re on the air. Blue Lobster, I’ve got a question for you… I’ve saved up some money. Where do I invest it for long-term future growth? Great question! And one that I’d love to answer… but first things first. I have to state the following: I am not a financial […]
Two people I’ve been following online for the past few years – Kristy Shen and Bryce Leung – wrote a fabulous book called Quit Like a Millionaire. You should read it sooner rather than later. (And let me be very clear, right up front – I am not being compensated by anyone for this review.) […]