Personal finance for singles looking to finance their dreams.
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 […]
This week, I had the pleasure of reading a fantastic article about saving for financial independence and early retirement that was written by Mr. Tako of www.mrtakoescapes.com***. In this magnificent article, Mr. Tako discusses his surprise that anyone would view his choices as “hardcore” on his pursuit to financial freedom. By following his own plan, […]
What is a Home Equity Line Of Credit? Short answer – it’s a debt trap that’s best avoided. At its heart, a HELOC is a debt product that banks offer to homeowners which permits the homeowner to go into debt by spending the equity in their home without selling it first. For example, if you […]
I still save even though my employer has promised to pay me a pension when I retire. Despite this promise, I ensure that I do the following every two weeks: I siphon a solid chunk of my paycheque out of my checking account and I squirrel it away into my investment portfolio. Why do I […]
This week, I managed to save myself $250 per year for the next two years simply by sitting on hold for roughly 15-20 minutes. I think the resultant $500 that will stay in my wallet is a good reward for navigating the phone tree, talking to three different people, and asking for what I want. […]
It’s Registered Retirement Savings Plan season! From now until the last day of February, there will many advertisements all over the place exhorting you to make a contribution to your RRSP. If you need more detailed information about the rules, then I would suggest that you visit the website for the Canada Revenue Agency. Alternatively, […]
One of the reasons why I write this blog is because I have this deep-seated belief that someone out there might learn from my experiences and avoid making the same mistakes that I’ve made on my journey to wealth. I’m narcissistic enough to think that my words will have an impact if I share them […]
“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 […]
Well, 2019 is here and nearly two weeks are under our collective belts. How are you doing with those new year’s resolutions? Or as a witty little photo on Instagram called them: your casual and in-no-way-legallly-binding promises to yourself? Personally, I don’t make resolutions. Hats off to those of you who do, but I prefer […]