The Why of FI

The Why of FI

Amidst all the budgeting techniques, savings tips, spreadsheets, investment strategies and travel hacks floating around the personal finance and FIRE worlds, there's a really integral question that is often overlooked. Why do you want Financial Independence or Financial Freedom? I believe the question is rarely posed because on the surface the answer appears obvious. But [...]

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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 [...]

The Ideal Banking Framework

The Ideal Banking Framework

Knowing if and when to join finances with your partner can be difficult questions to answer. And because it is a difficult decision to make, people tend to default to the easiest option. Do nothing and maintain the status quo. But how we structure our banking can speak volumes about us as individuals, as well [...]

12 Rules of Financial Freedom

12 Rules of Financial Freedom

Since well known psychology professor at the University of Toronto, Jordan Peterson, published his 12 rules of life: An Antidote to Chaos, everyone and their dog has thrown their own 12 rules of life into the mix. The craze has proffered some insightful pieces, such as Malcolm Gladwell's one single rule of life - pull [...]

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 [...]

The Capsule Wardrobe Savings Effect

The Capsule Wardrobe Savings Effect

Last week we talked about how to cut your consumer spending by utilizing the used market to your advantage. We're going to continue the theme of decreasing spending by taking a hard look at an area in life where we can all cut back. The wardrobe. How many times have you stared at a closet [...]

Cut Your Consumer Spending by 50-90%

Cut Your Consumer Spending by 50-90%

In the pursuit of Financial Freedom, the biggest obstacle preventing meaningful progress is spending. Peoples spending habits are where the lofty goals of FF will inevitably succeed or stall. While increasing your income can be extremely impactful in accelerating your FF goals, it does absolutely no good if you simply turn around and spend that [...]

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 [...]

Why Your Social Threshold Matters

Why Your Social Threshold Matters

The cornerstone of optimally managing your finances is learning to control your spending, saving and investing habits. Far too often these habits are heavily swayed by emotion, when instead they should be driven by logic. While we can never fully separate emotions from our decision making process, we can get a whole lot better at [...]