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 [...]

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 [...]

Public, Private or Homeschool???

Public, Private or Homeschool???

Choosing the right school for your kids isn't a hot topic in the Financial Independence/Financial Freedom community, but it probably should be. Public, private or home schooling, each comes with its own financial implications that need to be factored into your overall plan in achieving FF. For anyone planning on having kids, or with young [...]

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 [...]

Why “Follow Your Passion” is Horrible Advice

Why “Follow Your Passion” is Horrible Advice

We all want to impart the best advice possible to our children, because we all want our children to lead successful, happy and contented lives. We want better for them in every way. It's human nature. But this desire for the best for our children can sometimes manifest itself in new age parenting tactics and [...]

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 [...]

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 [...]

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 [...]

The Necessity of Alignment

The Necessity of Alignment

Irreconcilable differences. It's cited on nearly every court application seeking divorce. Sure it's a boiler plate term, but it also tells us that the vast majority of marriages end in large part because two people have lost alignment. Everything else that comes along with the divorce is often just a symptom of that loss. Divorce [...]