Personal finance for singles looking to finance their dreams.
There’s a distinction between your income and your salary. They are not the same thing, although you’ll routinely hear the words used interchangeably. I’m going to spend a few minutes telling you why I think they are different animals. Your salary is based on what your employer pays you. I’m only aware of 2 ways […]
The boring middle… I’ve come across this phrase several times in the past two years while perusing various personal finance sites. It refers to the period of time between setting a long-term goal, such as financial independence or retirement, and achieving that goal. From my own experience, it’s an apt term to describe the slog. […]
Welcome back! How are you doing? What’s been troubling you financially? Maybe it’s time to take a breath? It’s been kind of a crazy time for the past few months, hasn’t it? All the headlines and media platforms are screaming about inflation and debt and financial turmoil. No fun for anyone, right? They’ve amped up […]
There’s a subset of FIRE adherents who religiously follow the BRRRR method that has been made famous by the good folks at Bigger Pockets. BRRRR is an acronym which stands for Buy Renovate Rent Refinance Repeat. Essentially, an investor buys a property, renovates it, and puts a renter in it. Renovations increase the value of […]
One of the perennial questions in the sphere of personal finance is whether it is better to invest or pay off debt. The answer is nuanced and there is no one right answer for anyone. Money has to be invested in the stock market for as long as possible. Time is required so that capital […]
You need not make every mistake yourself. There’s always the option of learning from my mistakes, or others’ mistakes, and doing better. It’s one of the better aspects of being a sentient being who can learn from the world around them. Back in 2008/2009, there was a recession. I got scared and I stopped contributing […]
Tempus fungit. It’s a Latin phrase that means “time flies”. Truer words have never been spoken, in any language. It’s already the middle of 2022. How is your money doing? Are you on track to meet your financial goals? If you don’t know the answers to these questions, then it’s time for a mid-year check-up. […]
Look… I’m not an expert on the economy. I don’t have crystal ball, nor can I tell the future. I’m in the same boat that you are – inflation is way up, house prices are crashing, mortgage rates are increasing, stock markets are wildly volatile. What does all this mean from one day to the […]
I am an amateur gardener. Essentially, this means that I don’t know what I’m doing but I do it with enthusiasm. Each year, I pick my tried and true favourite annual – petunias – and then I buy new plants that I want to try. My winters are spent watching various gardening channels on YouTube […]
Way back in 2011, I started to invest in dividend funds. I started with a bank’s mutual fund, then moved my money into an index fund with an investment company, and I’ve now finally settled on a couple of exchange traded funds.*** I had a goal of creating a steady stream of passive income. What […]