Beer tastes on a champagne budget… This is the secret to riches! It’s a fancy way of saying that you should do what you can to live below your means. This post is going to be short and sweet, Dear Readers. In a nutshell, if you can maintain your beer tastes once you’ve attained your […]
As the warm days of spring roll in and push harsh memories of winter to the recesses of your memories, you may find yourself enjoying the sunshine and asking yourself: What is exactly is dollar-cost averaging? I’m here to tell you that DCA can be a powerful tool for investors. In a nutshell, dollar-cost averaging […]
I really hate delivering bad news, but there’s no way around this. You’re not getting any younger. Time is marching on. You can fight it all you want, but the time will pass anyway. The important thing to do is focus your time, attention and energy on answering the following question – are you doing […]
Wait – what?!?!?! I know. It’s a shocking thing to say out loud, isn’t it? In the personal finance world, these words are damn near heresy! Day after day, we’re constantly inundated by news stories, articles, and blog posts about how we’re not saving enough money or that we’re not saving enough for retirement and […]
Recently, I had a discussion with someone who was worried about credit card debt. For ease, Gentle Readers, I shall call this person Oscar. Oscar’s niece owed over $10,000 on her credit card and Oscar was beside himself! It seemed that Oscar’s niece had been fleeced by an acquaintance who was not repaying the borrowed […]
This week, I was very sad after reading an article in the Walrus about how so many people in Canada go hungry on a regular basis. The article reminded me that being able to eat every day is a privilege that I take for granted. I have enough money so I can go to various […]
“You can’t become financially independent with someone else’s money.” – Farnoosh Torabi of the So Money Podcast The frankness of this statement amazed me. While being interviewed by Jamila Souffrant at Journey to Launch, Ms. Torabi spoke of the need for women to control their own money. She posited that a woman without her own money could not truly be independent […]
What are your priorities for your money? I’m not asking to be airy-fairy. It’s simply been my observation that people who know what their priorities are allocate their money in a way that ensures that their priorities are met. Speaking for myself, saving for a comfortable – and hopefully early! – retirement has been one […]
Christmas 2018 has come and gone, which means that a brand new year is nearly upon us. Does anyone else wonder how an entire year can pass by quicker than two shakes of a lamb’s tail??? And does it also not seem like the holidays cost money every single year? I don’t know about you […]
In 2019, the contribution room for the Tax Free Savings Account increases from $5500 to $6000. This is great news! There’s a big debate about whether it’s best to invest in a TFSA or in a registered retirement savings plan. I’m not going to weigh in since I’m not certified to give expert advice in […]