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 […]
Raise your hand if you’ve found some surprise money in your bank account this past month! While a great many people have lost their jobs, those who haven’t might have noticed that there’s definitely extra money in their bank accounts. This is called surprise money because most people are surprised by how much they normally […]
Tempus fungit… which is Latin for time flies. And boy does it ever! In 2006, I was fortunate enough to pay off my house. Unfortunately, I wasn’t smart enough to immediately turn my former mortgage payments into investment contributions. Instead, I didn’t start dollar-cost-averaging into the stock market until 2011. This was on one of […]
The entire world is facing the COVID19 pandemic right now. There is nowhere to hide, and there is currently no vaccine from this disease. However, each of us has the power to slow its spread. We should all do what we can to stay home!!! It’s very simple: stay inside your own home. The coronavirus […]
As I write this post, the world is facing the pandemic known as COVID-19. I’m not a scientist, nor am I a doctor. This post is going to be about how some people always make money, no matter what is going on in the world. This pandemic is a prime example. Unless you’ve been living […]
The first step to getting what you want is to prioritize your goals. You’re the only one who can decide what you need in order to live the life that you really want. The next step is to create and execute the plan to turn your dreams into your reality. The final step is to […]
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 […]
When I talk about financial independence and wanting to retire early, many people look at me as if I’d sprouted a second head right in front of them. “I love my job!” they say. “I don’t want to retire!” Great! Wonderful! You’re being paid to do what you love – that makes you one of […]
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 […]