When it comes to money, it never hurts to ask for what you want. Case in point – the mortgage on my rental property comes up for renewal this spring. For the first time ever, my bank sent me my renewal instructions 6 months before the renewal date. Usually, I get my renewal letter 3 […]
A new decade starts 11 days from today. What do you want to accomplish next year? Which dreams are most important to you? The key to getting things done is to start planning today. Time waits for no one, and not a single one of us is promised tomorrow. Sure, there are those rare instances […]
This week, I’d like to introduce you to the idea of keeping your wallet closed one day each week. I call these No-Spend Days! Pick any day you want. It doesn’t matter. The purpose of this exercise is for you to give your wallet a break! Slow down your spending – keep your money in […]
I’ve been a big fan of Garth Turner, who blogs over at Greater Fool, for a few years now. He’s a big proponent of creating cash flows for retirement. Towards that end, he has written many, many persuasive posts about why people should sell their homes, invest the equity, and live off the investment income. […]
I’ve been reading many articles about how people in their 60s, 70s and even in their 80s are still working because they can’t afford to retire. Invariably, the statement is made that the government pension is not enough to retire on and to have a comfortable life. For the record, I want it known that […]
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 […]
This week, I listened to a story that blew my mind! It was a testament to the power of consistency in investing, through good times and bad. Diane was her name – a lady in her 60s who’d survived divorce from an alcoholic, while raising 4 kids, taking 8 years to get her electrical engineering […]
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 […]