RESP’s: The Ground Rules

RESP’s: The Ground Rules

Though one might think a government introduced education savings tool would be structured to be simple to understand, Canadian Registered Educations Savings Plans (RESP's) are instead one of the most complex tax advantaged accounts in Canada. God forbid the Canada Revenue Agency (CRA) make saving for your kids education straightforward! Annnnnnnyhoo. Irrespective of my views [...]

The Psychology of Saving

The Psychology of Saving

Saving money is a trending topic these days. In fact, nearly a third of all New Years resolutions made for 2019 related to saving money in some capacity. It's fantastic to see so many people taking such an avid interest in reducing debt and increasing savings, but unfortunately stats show that a mere 4% of [...]

One Thing You Must Do Before You Retire

One Thing You Must Do Before You Retire

I'm a firm believer in eliminating debt, and I'm an even stronger believer that if you struggle with debt, you should minimize your available credit as much as possible, if not entirely. But, if you've walked the walk, proven your financial savviness, and are within grasp of achieving FF, then it's time to take a [...]

A Year Of Retirement

A Year Of Retirement

It's been about a year since Mike and I retired, and it's been a year full of new experiences and of course, many lessons. We've learned a lot about what retirement should be, but also about what it shouldn't. I used to think that once we had pulled the retirement pin, we would just waltz [...]

Sleep Your Way To Success

Sleep Your Way To Success

No - I'm talking about actual sleep. Sufficient sleep is a necessity if we want to perform at our best. A decrease in our sleep can have dramatic effects on our ability to concentrate, retain information, make timely decisions, or exercise self-discipline and self-motivation. All functions that will impact our work capabilities, income production, spending habits, [...]

Self-Discipline

Self-Discipline

As a parent of two, there is no trait I want to develop more in my kids than self-discipline. Where you find self-discipline, you find people who work hard, hold themselves accountable and problem solve without having their hand held. People who respect themselves, and therefore also respect others, and are able to delay gratification, [...]

Why Social Media Can Make You Poor (and Unhappy)

Why Social Media Can Make You Poor (and Unhappy)

Who isn't on social media these days? Its all well and good if social media is bringing us value and enriching our lives, but for many it's doing exactly the opposite. While social media can be an excellent tool and unbeatable resource, its also the perfect forum for people to present a carefully tailored and [...]

If You Think You Can’t – You’re Right

If You Think You Can’t – You’re Right

I was recently talking with an acquaintance who has a baby nearly the same age as our youngest son. I hadn't seen her in quite some time, and she was lamenting the fact that she had to go back to work from maternity leave. Eventually the conversation turned to her asking me when I was [...]

5 Financial Habits To Kick Off Your New Year

5 Financial Habits To Kick Off Your New Year

New Year's resolutions. Some people love them, some people hate them, but no matter what camp you fall under, it's hard to argue that the start of a brand new year is a great time to identify goals and implement new habits. Maybe you don't need to use the label of a resolution, but setting [...]

Lose The Mortgage

Lose The Mortgage

One of the questions we get asked the most, after how did we retire so young, is what did we do that made the biggest difference in reaching FF. In truth, the sum of all the actions we took, both large and small, is what got us there. When I look back at some of [...]