Near as I can figure, it takes some time to become wealthy. There are those who manage to do it very quickly, and they generally fall into one of these three camps: Being born into wealth. Winning the lottery. Inheriting money from someone else. And I have to give an honourable mention to those who, […]
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 […]
Roughly 20 years ago, I landed my first professional office job. It entailed monthly meetings with my manager, wherein I updated him on my current workload. He was an amiable man and most meetings were sprinkled with little nuggets of life advice. One of the acorns of advice that has always stayed with me is […]
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 […]
If you’re not already aware, then let me be the first to say the following: it’s okay to keep your money! You don’t have to spend all of it. Now, you probably shouldn’t keep all of it either. After all, doing so means you won’t eat, nor have a roof over your heard or clothes […]
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 […]
We are just over a week into a new year – hooray! I hope that 2020 is off to a great start for all of you. What I love about this time of year is crunching my numbers. I track all of my expenses in two self-created spreadsheets, one for my monthly fixed expenses and […]
Two people I’ve been following online for the past few years – Kristy Shen and Bryce Leung – wrote a fabulous book called Quit Like a Millionaire. You should read it sooner rather than later. (And let me be very clear, right up front – I am not being compensated by anyone for this review.) […]
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 […]
Even if you’re a Singleton like me, the implications of intergenerational wealth may have touched your life at some point. I like to think of intergenerational wealth as a faucet of income that helps younger generations to start their adult lives without debt. It’s a financial tool that allows young adults to master the skills […]